BTCUSD - 4H - Will it Shoulder Again, or Just Tank?
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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?
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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.
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Trying hard on the 1HComment
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.
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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? :)
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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)
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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!Comment
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1D HA candle is a solid reversal as of 17:00 EST. I will sleep pretty well until at least Sunday. :)Comment
Seems the more sophisticated traders are not on HODL detail today.Comment
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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.Comment
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
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Drop @ 10:45 or 14:45.Comment
Price action is still well below the 1D Ichimoku cloud.Comment
The great decider is undecided! Turning his head upward, but the PSARS report below still holds bad news.Comment
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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
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