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Shoulders

Bitcoin TA analyst trainingHi traders and crpyto friends it's BohemianCrypto, this is my humble analyst for next BTC moves based on Fib Retracement levels, important supports and possible H&S pattern.. After this weekend we will have a gap in CME BTC Futures market from 9.165 to the end of today candle, expecting around 8.300... This gap will be most likely filled... At the same time we reached important location between 8000 0.382 FIB level and support around 8300.. We can easily bounce from here to fill the gap after weekend... the expected gap has around 12% if will be filled... After tha gap we can try to get through resist line (red) or drop lower to the level of half H&S pattern which sits around 7200... but this scenario contain break through the support line (blue)... If this happens I really don't know what we can expect then.. halving is coming and I was expecting more Bullish market... This is just my TA analysis trying to catch some feedback, because I'm still a rookie :D Cheers
BITSTAMP:BTCUSD
by BohemianCrypto
4
Bitcoin current Head & Shoulder Pattern playing out 1 day chartBased on the current pattern , the 10th March is a key date for Bitcoin. After a reasonable length of time the current head and shoulder pattern is almost near completion. For me the 10th March is showing as a key date , for this date the candle direction is of interest. Will it continue its downward direction and fizzle out under €6000 (indicated by 7 downside) or will it bounce from the support line indicated at point 6 and head back up to position 7 upside. I am on the fence here and looking at a window from €7600 down to €7550 for confirmation of a continuation to the downside before the BTC halving in May time frame. . Would love to hear your views
Short
by EndaKeane
3
Bitcoin - Head & Hhoulder Pattern in the process of palying outBitcoin is in a small H&S formation. The RHS has completed with the LHS in the process of playing out , in my oponion. If this is the case , the next support , resistence and support should mirror the RHS of the H&S ( give or take a couple of hundred) With the end of the quarter happening 28th of Feb, we have seen traders taking their quarterly profits. Buy in at the start of the quarter/year(2020) has yield a handsome return of 2x from approx €3.5K to €7.8K ( doubling on investment) With Q2 commencing on the 2nd March , the said traders have the opportunity to BUY back in knowing we have already reached €9700 in Q1. If the H&S plays out , we could be looking at the completion of the shoulder in the first 2 weeks into March 2020. In my oponion, the price action remaining for the H&S completion is as shown here in this illustration, with key prices numbered 1,2,3 &4 . Lets hope it pays out this way and that the market does not capitulate at the €7400 mark This is my oponion and not financial advice. It is my contribution to what I see happening on the chart for bitcoin as it is playing out.
by EndaKeane
1
EURNOK BULLISH TREND-HIGH PROBABIITY TO MAKE MONEYReversal pattern for EURNOK completed and ready to go. EURNOK analyze built reversal pattern what is a reversal pattern, Trend reversal patterns are essential indicators of the trend end and the start of a new movement. They are formed after the price level has reached its maximum value in the current trend. The main feature of trend reversal patterns is that they provide information both on the possible change in the trend and the probable value of price movement. What pattern do we have? A head and shoulders pattern is a chart formation that resembles a baseline with three peaks, the outside two are close in height and the middle is highest. In technical analysis, a head and shoulders pattern describes a specific chart formation that predicts a bullish-to-bearish trend reversal. source: Head And Shoulders Pattern Definition - Investopedia What is the target? The target will be probably around 10.60. Thank you to read and good luck .
Long
by Quotendance
How to Properly Sell the Head & Shoulder Pattern for Bank! A head and shoulders pattern is a chart formation that resembles a baseline with three peaks, the outside two are close in height and the middle is highest. In technical analysis, a head and shoulders pattern describes a specific chart formation that predicts a bullish-to-bearish trend reversal. The head and shoulders pattern is believed to be one of the most reliable trend reversal patterns. It is one of several top patterns that signal, with varying degrees of accuracy, that an upward trend is nearing its end. A head and shoulders pattern is a chart formation that resembles a baseline with three peaks, the outside two are close in height and the middle is highest. A head and shoulders pattern describes a specific chart formation that predicts a bullish-to-bearish trend reversal. The head and shoulders pattern is believed to be one of the most reliable trend reversal patterns. Like all charting patterns, the ups and downs of the head and shoulders pattern tell a very specific story about the battle being waged between bulls and bears.The initial peak and subsequent decline represent the waning momentum of the prior bullish trend. Wanting to sustain the upward movement as long as possible, bulls rally to push the price back up past the initial peak to reach a new high (the head). At this point, it is still possible that bulls could reinstate their market dominance and continue the upward trend.However, once price declines a second time and reaches a point below the initial peak, it is clear that bears are gaining ground. Bulls try one more time to push price upward but succeed only in hitting the lesser high reached in the initial peak. This failure to surpass the highest high signals the bulls' defeat and bears take over, driving the price downward and completing the reversal.
Short
by UnknownUnicorn3442968
5
INVERSE HEAD AND SHOULDER (CONTINUATION)another case of an inverse head and shoulders price continuation, price to push back to 0.63493 to find support (AS PRICE DOES ALWAYS AND SHOULD) this is the anticipation. if reversal to happen at that point. T.P.1- 0.64399 safe place or set .P.A to watch if the Case is that price will continue upwards (and you have the patience to wait for T.P.2@- 0.65381 sweet place there...... P.As and P.Os should always be carefully considered and patience plays a big part in placing them and protecting that sweet and vulnerable account. good trading and what not
Long
by webster.robesten
A2M Head & Shoulders - Waiting for final ConfirmationA2 Milk appears to have lost to the bears. A very distinct head and shoulders pattern has emerged although still not confirmed until neck line is broken. Taking a look at the relative strength, A2M is under performing the ASX 200 (XJO) which also is a strong bearish sign. Increased volume on negative candles and on right shoulder shows strong possibility of break down. Finally the share is closed below the 30 Week EMA, which also signifies a bear movement maybe lurking. Please note this general advice for educational purposes, carry out your own analysis before entering a position or consult a financial adviser.
ASX:A2MShort
by IRApTOIR
ETHBTC Inverse Head and ShouldersHello Traders, New Thesis on ETHBTC Points to consider, - Potential Inverse head and shoulders playing out on the 1hr time frame - 12 EMA riding as support in to strong resistance, this needs to break for the head and shoulders pattern to be confirmed - RSI on uptrend with strong support - Volume declining on right shoulder - VPVR showing low volume of transactions after resistance zone ETHBTC could have a pop to the upside, this will only happen if BTC decides on its direction, the market is dictated by BTC's action, if BTC starts to consolidate on the daily, then the chances of this head and shoulders playing out will be more probable... what are your thoughts? please leave a like and comment, and remember “What seems too high and risky to the majority generally goes higher and what seems low and cheap generally goes lower.” – William O’Neil
Long
by AzizKhanZamani
2