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Candestickpatterns

Bitcoin to take a TUMBLE? Quick analysisThis is a 4 -hour chart. I see a pretty clear Head and Shoulders as outlined. If we follow the projection of the Head and Shoulders, it takes us right to the level of the tail produced by the May 16th candle earlier this year. Remember, wicks and tails like to be eaten . Also, I drew a Fib from the high ($13.8K) to the low ($9K) and noticed a few things. 1. The two shoulders are at the 0.382 level. 2. The head is at the 0.618 level. Both 0.382 and 0.618 are key pivot/reversal levels - just keep that in mind :) Are we ready to take the trade? Nope. We need to wait for market structure to confirm bearishly (i.e double top w. breakdown) at the neckline, and it's not there just yet. But I'll keep my eyes out.
BITSTAMP:BTCUSD
by realcapmillen
2
USD is getting Weaker. Look to SELL The Daily looks like to broke the structure. The green Demand zone. Need to wait Daily closed first, but the 4hr zone is also break structure and it's closed. I'm looking for some retracing first before to sell the USDJPY. It's look a sweet setup. If the price cam to the 4hr zone "purple zone" that i drew on the chart. Next to go 3-15min time frame and look a beautiful break structure formula and give a candlestick patterns to confirmed. That's what i'm looking for it. If the Daily closed. It give a swing trade and looking to grab another 50-100 pips. So you will take 2 trades. For now, we're looking on 4hr zone. Period.
Short
by hmattrader