SHORT Double H&S and 9k just before the end of the year
Last time we haven't hit the target, but exited with profit, this is practicaly the same idea only a day later. See
Chart says it all, basic support/resistances in a sideway...
After the breakout we need to choose another target. For now it's 1080. Then pullback, then ATH.
This might the last nice long of the season. Enter on the exit of the ichimoku cloud up, stop loss on breaking it down, target between 713 - 735
(BITSTAMP) H&S forming, will be confirmed when breaking 879 upside. Can lead to quick rally to ~940.
Over the weekend a bullish trend reversal has formed. I consider it confirmed on a strong break-out of this formation up. There's a possibility we might dig into 780-level once more and that would be an excelent entry point for the upcomming rally.If we fail to break 950, we could see some lower lows again.
We are going to test two resistances in the next three days. Failing to break either of them will lead to a major sell-off which will finally end this bubble and put us back into longterm normal.