BTCUSD - 4H - Will it Shoulder Again, or Just Tank?
Updated
Interesting pattern on the 4H.. will there be a brief reversal this afternoon before night traders beat it up? Or have the day traders had enough hucking & hoping?
Trade active
Note
Note
Trying super hard to get a shoulder bump on the short charts, but keeps getting slapped by market sells.. these candle tails seem to imply it might not bump which might spell a quick fast fall and collapse of all the other coins struggling against resistance as well.Short charts are fighting..but a losing battle. And the 4H indicators are all negative.
Note
Trying hard on the 1HNote
I think we just had our bump.. if price passes 8200 then it will probably break the H&S pattern and shoot well up past the resistance....However.. I think the shouldering attempt has ended early and we'll see the big slide I'm looking for before I reposition.. if it doesn't..then I should have closed out already.
Note
Reversal candle started on the 4H... but 3:45 left on it and 1H is hitting my MACD resistance... all other 1H indicators showing turning negative.. starting to see some slightly larger more tightly packed sells..popping some buy triggers.. crushing may be imminent.Trade active
Cryptowat.ch is just about solid red right now and market cap has peaked just over 330B and coming down... *POOF*Trade active
Ouch! If you can see the PSARS report below this... check out that change! Algorithms... you smart little things you.Trade active
One more up bar on the 4 hour... or earlier to bed for sleepy H&S pattern?Almost 8am.. Day traders buying time almost.. Should see the new downtrend spike this afternoon followed by the pile on of followers in the evening? :)
Note
Shoulder it is! NOW is time to stock up on tissues if you're long!(was calling it a little early a few days ago..so u should have them by now :p)
Trade active
5 Billion USD wiped off the global market cap in the past 30 minutes!Trade active
My new SAR & PSARS settings played this H&S perfectly .. retro-actively. Will see how it does on the next one!Note
Trade active
1D HA candle is a solid reversal as of 17:00 EST. I will sleep pretty well until at least Sunday. :)Note
Seems the more sophisticated traders are not on HODL detail today.Note
Trade active
I am predicting a cliff dive in about 9 hours, so say.. between 10-11 am EST, 4/18/18. This will complete the 4H H&S and begin the next cycle.Note
I am going to update that prediction to around 19:25 EST 4/18/18.Trade active
Gann fan study of the H&S on the 4H.Trade active
Just about truth time!Trade active
Note
Drop @ 10:45 or 14:45.Note
Price action is still well below the 1D Ichimoku cloud.Note
The great decider is undecided! Turning his head upward, but the PSARS report below still holds bad news.Note
Note
3 Time frame Head & Shoulders just sent the bull trap signal, buy now and sell after the moon shot! Then buy at the dip immediately after and HODL! TAKE PROFITS and end of pattern when the reversal candle pops!
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.