BTCUSD - Head and ShouldersA head and shoulders reversal pattern with a potential target of 8k .
8k is where is in confluence with the 200sma on the daily - currently at U$D8040
Shoulders
Looking for 9k confirmation before re-testMy previous short target hit, albeit very quickly (see related idea).
I'm waiting for us to creep back down to low 9k's/ high 8k's before we confirm whether or not we will continue this raunchy looking triangle.
if the triangle is not to continue, we will fail to break 9500. This resistance may be encountered beginning at 9300+.
Alts are showing more strength than ever. I have my eyes on several projects that have been trading strong against btc's descent.
GBP/USD for short term buyLong trade only if channel is broken and closed above trendline. Short if price break and close under shoulders and support :)
#Bitcoin Scalp short - head&shoulderRisking a small scalp short on BTC, i want to short higher tbh but taking this one as well, if works it's good r-r
if you are not risk taker then wait for right shoulder to form & then short instead of jumping the gun, i am adding small position here, if it all goes well will add bigger position on right shoulder :)
Possible Short on BTCUSD - Head & Shoulders FormingJust a quick one - Looks like a classic Head & Shoulders pattern forming on BTCUSD 15m at the moment. Crypto Scalper's showing a Short at the current price. Get in quick and ride it to the next support at $8400-$8500.
Bitcoin Short Term ShortShort in the short term. Expecting ranging for the next few weeks before some continuation higher. Expanding wedge leading into further sell off. Head and shoulders on shorter time frame just confirmed. Figured why not trade some Bitcoin during quarantine.
USDHKD INVERSE HEAD AND SHOULDERS PATTERN? ENGLISH MTFAHello traders,
It looks like a double bottom and possibly a head and shoulders in either direction. Really strong resistance that will need to be tested again.
-Live long and profit
zm
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
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
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.
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 .
AUDJPY SHORT (LONG TERM TRADE, 1M)Head and shoulders forming. Still a ways away to go for a breakthrough as it is the month view, but a downward channel ending one of the shoulders is a good sign. Do not sell yet unless you believe it’s a good idea
iExec inverse head and shoulders going to mooniExec looks really bullish with a huge inverse head and shoulders. I would be in this coin for sure.
GBPCHF - Big drop ahead!Hey everyone, we should start off first with the fact that we broke major support. This shows a lot of weakness for GBP. We have also formed Head and Shoulders that we broke the neckline of, so the pattern is valid, meaning we will see a drop as big as the distance from the neck to the top of the head. We have a few support levels, that hopefully we will break, but taking profits on each of those won't hurt. Good luck!
GBPAUD - Learn From Our History!As we can see, we have the same pattern forming up as we had not long time ago and we saw how good it played out! We have another amazing opportunity to execute after the breakage of the neck line of the possible Head and Shoulders. We have a divergence to support the theory, that the Sellers have the upper hand, so get ready for a nice short soon!
NZDJPY - Potential Head and ShouldersAt the end of the week we could potentially be seeing HS pattern which would give us the opportunity to short with great risk-reward ratio. Trade only after the forming of HS and when it breaks bellow the neck as I have shown in the idea.
