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
AND
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
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 .
We might see a head and shoulder! BCHUSDI see a clear Head and Shoulder here which is totally possible since we have the shown support line in shape with the pattern.
we can only be certain when a REAL breakout happens of 360$.
(RED LINES ARE SUPPORT LINES )
Like and Comment to support me .
Persian: slm dostan omidvaram haleton khob bashe . ehtemal patterf head and shoulder inja vojod dare va momkene ba ye breakout az noghte 360$ shahed voghoe in pattern bashim .(khat haye ghermez support haye mokhtalefand.)
:)
Cup & Handle Breakout on $TSLA after Gap fill today. $1,050 TGTHuge Mover and this cup from recent record highs had shorts expecting a big crash, but buyers have come in and institutions are buying as Analysts are finally catching on and raising their price targets. The crashed hard this morning with everything else buy buyers came in strong at the gap fill at $860 forming a bullish hammer reversal on the Daily chart. MEASURED MOVE OF THE BREAKOUT HAS $1,050 TARGET.
News broke right at close that the injunction that had been brought against their Giga 4 Berlin had been over ruled and that Tesla could Continue the build out... i'm always amazed how news like this breaks at the exact opportune moment.
Stochastic RSI also got to oversold and crossed bullish into the close.
Even if markets don't recover tomorrow, i still think we see a gap and go on the open squeezing these shorts to the point of the most recent high of $944.78, and then right after that is the all time high at $968.99. Past that and we could see $1,000 test very quickly, as everyone is expecting it to test $1,000 before taking a breather.
CGC -- INVERSE H & S -- A BUY CALLINVERSE HNS SPOTTED. THE NECKLINE SHALL BE RETESTED AND THE PRICE SHALL FLY TO TP1 (1.0 FIBO) AND NEXT TP2 (1.618 FIBO).
Altseason? Yes. Cryptos are in the beginning of a new bull cycleLong term view . ETHEREUM.BITCOIN. LITECOIN. Three major cap crypto assets: accumulation structures complete.
It’s time to zoom out and focus on the big picture . All the major caps have finally confirmed their accumulation structures.
Let’s review the price history of the last two years in the crypto ecosystem.
The first signs of institutional value buying after the spectacular 2017 bull run came in the second half of 2018 (1) .
Demand is consistent on the aggressive rally at point (2) , suggesting strength.
The reaction (3) is an important clue. The downmove is very laborious, and volume is decreasing.
It’s just take profit after the quick run. The Composite Operator is not actively selling. We have analyzed these structures and
discussed the bullish scenario at the Best of Wyckoff Conference in early September.
However, Wyckoffians do not chase the trend and wait for confirmations.
The confirmation of the reaccumulation structures comes finally in January at point (3 ).
The laborious reaction has produced a higher low on low volume, a very bullish sign.
Supply has been absorbed. Price quickly rises on average demand (Ease of Movement to the upside) (4) .
The double bottom formation on Ethereum and Litecoin is complete.
Highly volatile assets like cryptocurrencies generates huge PnF counts in relatively shorts period of time. A two year
reaccumulation in this asset class is a major event that suggest that we are at the beginning of a major bull run
reminiscent of 2016-2017 . We will post accurate PnF counts for all big , mid and small caps in the next reports.
Full analysis available for free Weekly Crypto Report here www.wyckoffanalytics.com
Weekly Crypto Report:
This week: The big picture. Cryptocurrencies are in the beginning of a new bull market. Long term analysis.
Weekly Review: Bitcoin, Ethereum, Litecoin, Ripple, BSV
Question: Altcoin/Bitcoin outperformance (Alt-season) & PnF Charts.
Head & Shoulder Pattern Using Mondays Candles Set UPThis is based on mondays candles which are boxed in the coloured boxes the break out of the zone indicates the head as shown.
Then we had a 100% retrace back to the bottom of that Monday zone creating the neck line.
Then the market moved back towards the opposite creating the right shoulder its right about on the support of the left shoulder i expect this to now be in a buy position and possibly move for a 30 to 50 pip movement
Massive C&H pattern in weekly chart?Hi traders and crypto friends, it´s BohemianCrypto,
I´ve found out very interesting C&H pattern in weekly chart. Before halving I expect uptrend move in ichimoku cloud between lines, but atleast to 10k. Then I expect fall to present price till autumn.. What´s next we will see..
Let me know what do you think about my idea, I´m new in cryptos.
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!
AMZN - consolidating and looking for momentum to come backAt this level I'm cautiously long. I see this price action as consolidation for the next leg up. Momentum has faded substantially on the hourly charts, but we still look strong on the daily timeframe.
In my previous update (linked) I mentioned $1917.51 as an important level. Its the first level I'm watching today followed by $1925.56 which is a historic level that price reacted around. Once we break through that, my sights are set on $1942.56.
We've had a good jobs report, which should keep us bullish but we could still easily see a dip at open. The levels I'm watching are $1894.89 (strong) followed by $1884.00. I don't think we get lower than that today, but it's always possible to see an excessive dip, if that happens I'm watching the volume node at $1874.47 level. Below that, and we need to step aside and re-evaluate.
GBPAUD - Great set up for short!As we can see we are at the potential top of the right shoulder and we see huge divergence, so this is a great signal, that we could be seeing the other arm forming. This trade is great, because you can short now with really tight stop loss for a potential risk/reward ratio of 13
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!