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IHS

TWTR Complex Inverse Head & Shoulders in the making?This jumped out at me when viewing the weekly chart : The formation is similar to some variant of a complex IH&S. The head would be the floor at $13.73 and the neckline is the top blue line, downward sloping from $54 to its current price at about $45. If the pattern is legitimate and Twitter broke above it, the measured move would be toward the $80 region. Aggressive traders may be able to find a long entry on a shorter timescale, but there is resistance from the downsloping black and blue lines.
NYSE:TWTRLong
by docfresh
2
Potential Double Top at $13,400-14,400 by Sunday Monthly CloseHi everyone! Before we get started, take a second to hit the like and follow button to get updates on this chart! This is a short-term action plan with finally some good action in the past few hours on Bitcoin. We are heading towards the Monthly and Weekly close this Sunday on Bitcoin and we should always be prepared for both eventualities. Bull scenario: (higher possibility) The IH&S green bullish pattern would send us to retest $13,400-14,400 by Sunday for a double top before dropping back down to test $11,000. The action around $11,000 will be very important as it is the long-term bull neckline from June. Bear scenario: The green IH&S would fail and we would sell off Saturday through Sunday close lower and lower below $11,000 as we get pushed by the resistance of the descending triangle. This would be the bearish continuation of our purple fractal down to $10,000-9,000 and eventually $8,700-7,600 that we published yesterday
BITSTAMP:BTCUSD
by BitcoinGuru
6
TRX/USD Inverse H&S completed!Inverse Head and Shoulder is completed now. So I'm waiting for conformation --> cutting the neck line with high volume. Stop loss is debatable. I prefer tighter than this. Nothing wrong with looser as well. _________________________________________________________________________________ If you've found the idea helpful - please like it or smash the follow button! Other ways to support my work - you can choose to: --> Sign up on Binance with my Referral Link: www.binance.com --> Sign up on BitMEX and get 10% discount on all fees for 6 months after you sign up using this Affiliate Link: www.bitmex.com The supporters will get all the help you need to learn how to use different trading platforms AND understand risk management in trading via Private Messages, Discord, Skype... Have a plan. Set a stop loss. Set a profit target. Trade. You can choose instead to make a donation on one of my addresses: BTC: 12qe5buhPQTAEnqmMYBNafymePd9BAgqJT ETH: 0x134c60f13c48fe1ea48b10f980a2c68070f1bf82 LTC: LTuRNgXDU2ojj7DseX4GRhQcFyJzXo82mn Stick to the plan!
BINANCE:TRXUSDLong
by Metiu
BTCUSD D3/M1 charts (3/13/2019)The D3 chart shows a possible IHS forming for those who subscribe to the idea of an IHS bullish continuation pattern. The shorter term target, as we can see, targets the neckline. A successful completion of the pattern suggests a target of the R3 pivot at least, based on the height of the IHS. The monthly chart shows that a possible symmetrical triangle is printing. A bullish push through that triangle's resistance should create a target of around $5200/$5300, based on the height of the triangle, taking price right into the orange supply and the monthly 21 EMA. A breakdown of the triangle would have price targeting the bottom of the large corrective descending wedge at around $2400.
BITSTAMP:BTCUSDEducation
by Chris_Inks
potential targets on XRPgot a symmetrical triangle, inside a larger symmetrical triangle on the bearish side of things...on the bullish possibilities we have a inverted head and shoulder setup and the larger falling wedge pattern....probability in the immediate term suggest a breakdown as we are currently below the inside symmetrical triangle...however there i still time left for a fakeout of this triangles breakdown so for now this idea will be neutral until I see breakdown confirmation.
BITFINEX:XRPUSD
by DrDovetail
BTCUSD H4/D1 charts (2/14/2019)Good morning, traders. Price continues to consolidate within a flag/descending wedge. The target based on the height of the wedge remains, as it was yesterday, the ascending red "neckline" of the possible IHS. But, as I mentioned previously, we need to see increasing candle spread and expanding volume as the right shoulder is completed and price pushes through the neckline. If we see diminishing volume and/or small candle spread then the possibility of further movement up through the descending channel's resistance is significantly reduced. But we do have a few targets if demand shows itself. The shallowest target of $3730 will get price to the red line and is based on the height of the local wedge, $3970 is based on the height of the flagpole, $4100 is based on the IHS, and $4400 is based on the height of the large descending channel. A breakdown of this wedge has price looking for initial support around $3475-$3510 with secondary support around $3430. Currently, price has retraced almost 50% of the February 8th advance. H4 RSI continues to move within the descending broadening wedge it printed, but appears to be finding a possible floor as it flattens out around 45-50. MACD is also showing growing bullish momentum over the past two days. D1 shows price just below the daily pivot with decreasing volume the past three days and doji candles printing. This suggests that supply may be exhausting itself and, if so, we should see price move upward as demand takes over. Until it happens, however, this is just speculation. Traders should always look for confirmation of direction via pattern completions or breakdowns at the very least. The short green horizontal lines on the D1 chart mark the aforementioned targets. Every day, we have a choice to act positively or negatively, so if you get a chance, do something decent for someone today which could be as simple as sharing a nice word with them. You just might change their day, or even their life. Remember, you can always click on the "share" button in the lower right hand of the screen, under the chart, and then click on "Make it mine" from the popup menu in order to get a live version of the chart that you can explore on your own.
BITSTAMP:BTCUSDEducation
by Chris_Inks
3
BTCUSD Inverse Head & Shoulder DreamsAbove is the ideal scenario for the inverse head & shoulders on the 4h BTCUSD charts, as per Bitfinex prices. $3,700 is a critical level, not only because it is the .618 fib of the entire wave from $3,200 to $4,380, but it is also the support level of the left shoulder. As long as this level holds, the IHS and cup & handle patterns appear valid, for at least a retest of their necklines, at about $4,300. There is a bearish RSI divergence which may make it difficult to break the neckline, but that may be a battle against the hidden bullish divergence. Realistically, I am aiming for the neckline to further assess conditions, but if the neckline were to break, I believe the 1.618, 2.618, and 3.618 levels of this "right shoulder" or "handle" will serve as appropriate targets, where the 3.618 is in alignment to the measured targets of the IHS and C&H under perfect conditions. Staggering bids at these levels could prove to be beneficial. Stop and invalidation around the $3,600 level. As always, do your own analysis and proceed with caution. Happy trading! :)
BITFINEX:BTCUSDLong
by checkm8
1