WTICOUSD Buy - Daily Dear Trader,
as you can see on the Daily Chart there is a head and shoulders and the Target as mentioned on the chart.
HEAD
XRP Triggers 1hr IH&S pattern breaks up out of Falling WedgeAs expected XRP has busted upward form its inverted head and shoulder pattern on the 1 hour chart. The breakout target of that should have been right at the top trendline of the 4hr chart falling wedge but the price action has exploded well above that and seems like it will very likely trigger the falling wedge breakout as well. So now the price target we are looking for next is 39 cents. We are quite overextended on the stochrsi though so we may consolidate sideways in a bull flag first before continuing upward to the 39 cent target. The current 4hr volume candle is absolutely massive which is a great sign for the bulls. Expect exciting fundamental developments from xrp in the coming days/weeks.
A Wedge In Shoulders Clothing.H&s that braks down to negative 20 cents or a falling wedge thatha sa breakout that isn't a negative number...I'm siding with the falling wedge on this one.
Smells like a fakeout…Looks like a fakeout…Is that the fakeout?Here on the XRPUSD 1day chart we have a pattern of a massive head and shoulders on xrp formed conveniently during a downward trend with a breakdown target of negative 20 cents. The Stoch RSI also bottomed out and is ready to travel upward again so there's not enough bearish momentum available to warrant such a breakdown. The downtrend makes it very unlikely a good head and shoulders because the h&s chart patterns that get validated are usually ones that act as reversal patterns at the top of trends not continuation patterns.Sure there are rare exceptions of when a continuation h&s happens but in reality those are just failed patterns that didnt trigger in my eyes. Still with it looking so obviously like a fakeout it makes one wonder if the whales are trying to fake us out with a fake fakeout...thats the only way I see something like this triggering. On the bitfinex chart this pattern is invalid but It appears to be valid for now on bitstamp,coinbase,and kraken. Its for this fake fakeout fakeout reason that I leave this idea neutral....but with a breakdown target of negative 20 cents, it seems like a ridiculous notion to believe it ever could be anything other than a fakeout.
Huge H&S got rejected by resistanceResistance in BTC proving bulls are standing their ground. Expect a push up to 4k levels
Bottom very near. One more final breakdown?A temporary short idea here but the target of this drop could be one of 7 potential targets shown here. To play it safe I am going to be setting a limit buy up right buy the 1 week 200ma(shown here in sky blue) it is conveniently lined up right with the neckline of the larger head and shoulders pattern so I anticipate the price action could attempt a head and shoulder breakdown fakeout and then have the 200 week moving average bounce the price action back up thereby essentially double bottoming off the 200 weekly MA coupled with the last bounce it did off of it at our most recent low and we could see a big bounce from there. However if the 200 weekly ma doesn't hold..I see 6 more potential big support zones here that I have linked and labelled with corresponding color price target boxes accordingly. I plan to limit buy the 200ma and buy the dip on each additional target it drops to..so even though this idea is short on the long term I'm very bullish.
SPX500 selling areaAs per the chart we should be seeing selling pressure anywhere between the head and shoulder target and the 61.8pct retracement from the S + P all time high from 2018.
USDMXN long Head and shoulders forming on usdmxn, has hit a long support and is also breaking the downtrend, good risk reward ratio
Ethereum close to completeing 4hr h&s + 4hr deathcrossthis idea is gonna remain neutral for now because fakeouts are always a possibility in crypto but we can see we are about to potentially complete a right shoulder on a very ugly looking head and shoulder pattern on ethusd's 4hr chart....we can also see that the 4hr chart is once again quickly approaching a 4hr deathcross....xrp had its 4hr death cross which led to downside followed by bitcoin which just had its and seems to be leaning towards more downside so if ethereum also gets a 4hr deathcross I'm guessing more downside is very probable...looking left on our chart we can see what kind of downside came with the last 4hr death cross...it wasn't pretty so should this 4hr deathcross occur here I think it is very very likely we will see ethereum trigger this head and shoulders breakdown which could potentially send it all the way down to $65 if this happend hopefully that will mean that the bottom of the bear market is very very near. Of course a sudden huge green candle could prevent all of this so be prepared for a fakeout around the neckline as always. It is that possibility that has me leaving this idea neutral instead of marking it as short.
Verge on the precipice of an inv h&s golden cross combo breakoutI did not mark this idea long or short....we are simply on the precipice of either a huge bullish move for verge or a massive bulltrap fakeout. if btc breaks upward then xvg will likely trigger this inverted head and shoulder breakout which would lead to a golden cross on verge on the 1 day chart which has a breakout bull target of an over 50% increase, but if bitcoin breaks down it will be both a fakeout of the inverted head and shoulder pattern and likely the golden cross as well
see the blue line directly above the inverted head and shoulder pattern? thats the 1 day 200ma and we can see it already dealt a firm rejection to the priceaction earlier so which always increases the likelihood of a fakeout..not wise to buy verge here unless you see a breakout that flips the 200ma from resistance to support and also solidifies it as support as well if that happens and you see bitcoin have a bullish breakout too then its probably wise to enter a position on verge but until then expect a fakeout. Inverted head and shoulder patterns in a bear market are usually patterns painted by the bearwhales to set the ultimate bulltrap fakeouts with *not financial advice but simply self advice that anyone else is allowed to consider* thanks for reading!
EUR/USD BUYHaving broken above 2 month consolidation pattern its time to look for buy opportunities. This head and shoulders on the 15 min chart may be our buy in point. The RSI and MACD show divergence on this time frame which makes me think this pattern could come good.
The SHS measure take us to just below 1.1500
The S/L at 1.1450 allows enough room for institutional stop hunting to take place without knocking our trade out.
Bitcoin Inverse Head and Shoulders.There is a solid looking head and shoulders pattern forming on the BTC-USDT daily chart. already had a minor breakout from the ascending triangle pattern setting us up for a good rise in price if the price action manages to break the neckline of the H&S pattern.
SHAMPOOOOOOOO!Hey guys,
Looks like we have a potential inverse H&S breakout to me. Just need some more volume to seal the deal. (Yellow line is the neckline, green outlines inverse H&S pattern)
Lemme know what you think.
1hr head and shoulder pattern forming at end of diamond patternWe can see a 1 hour head and shoulder pattern is threatening to break the neckline right now and if it were to do so we would essentially have a breakdown of the bearish continuation diamond pattern. We eliminated the possibility of it being a diamond bottom pattern when no volume accompanied the fakeout bullis breakout and nwo it is crawling back inside the diamond pattern at the last second to be able to turn it into a bearish continuation diamond with help from a 1 hour head and shoulder pattern breakdown. The target should the head and shoulder pattern breakdown but not not trigger the diamond is 3.6k and the secondary target should it also trigger the diamond breakdown we can see is much lower...I anticipate at the very least the head and shoulder breakdown occurring considering weekends are pretty infamous for dumping. However 4hr stochrsi is alreay pretty overextended on the bearish side so I can see a rebound happening by the time the 1 day stochrsi reaches that zone as well. However it is completely within the realm of possibility for us to also dip to the bearish continuation diamond target and even to the bottom trendline of the larger descending broadening wedge pattern we are seeing...if we do indeed fall below the 4hr 50ma(in orange) for too long of a period of time that gives us a real possibility of having the deathcross on the 4hr timeframe occur again which will inevitably lead to more downside...but I am hopefully we wont go farther down than the bottom trendline of the descending broadening wedge. These scenarios are only in pla in my mind if we first trigger the 1 hr chart head and shoulders...it will be what starts the dominoes on this one...if not we may just bounce back above the 4hr 50ma but probability does not favor this.
bitcoin testing neckline of 4hr head & shoulder patternAs I was anticipating we have now broken down from the bear flag we were consolidating in on the 4hr chart...and now shown here in yellow is the 4hr head and shoulder pattern if it triggers the full potential drop target for it would be right around 3091 hopefully not as it could very easily invalidate our big 1 day chart inverted head and shoulder pattern...maybe it will get another big bounce when it revisits the 1 week charts 200ma (seen on bitstamp) we may be able to double bottom off that moving average. if not we could continue dipping somewhere between 2.8-2.9k and if that fails the bottom is likely around 1120. However hopefully the 200 weekly ma can save the price action and keep the inverted head and shoulder pattern from becoming invalidated.
DOW approaching inevitable deathcross + h&s triggeredThis is my first ever non crypto idea on tradingview but I couldn't refrain from commenting on what I'm currently seeing on the Dow Jones. We can see a big head and shoulder pattern seems to have been triggered which has a drop target all the way down to the 21k range. Meanwhile it seems within the next 2-3 days a death cross is set to occur on the 1 day chart and considering this head and shoulder pattern seems to have already been triggered/validated I don't see any way shape or form that the DJI will be avoiding this deathcross...some wise friends of mine who have been at this much longer than I have are getting involved into some inverse ETFs right now in anticipation of it. I personally will not be making any financial advice on what to do here as I am not a financial advisor but it does appear that the writing is plainly on the wall...I also find it very interesting that the crypto market is now experiencing a bit of a pump during the DJIs + S&Ps downfall. I think we are in for a very interesting 2019 in both markets.
Bitcoin 4hr goldencross has just occurred; Fakeout still in playWe can now see the 4hour golden cross has occurred on the 4hr chart...this may spark a rally and we can see that the stochrsi has reached a good boucne support area with room to go up....however before this downturn, we did not achieve a higher high(which would have been around 4.4k), also this year has been particularly unkind to price action the majority of the times we have gotten a 4hr golden cross. Look left in the chart and you can see at least 3 golden crosses previously that did not get sustained and were followed soon after by a big sell off so it would not surprise me if we repeat history again considering we once again also didn't hit our higher high...howeverwe could for once finally see a real sustainable 4hr golden cross and plow back up above the head and shoulders neckline and trigger the breakout which would give us a target of 5.2k or so....there is also the possibility that that disproportionate right shoulder was really just the head finishing and the recent breakdown is actually the beginning of the right shoulder being formed so thats what the new descending yellow trendline is now representing...if that becomes the new neckline then we still ahve a chance to come up and trigger that which would have a higher price target if it were validated than the current inv h&s we have been looking at. Currently its best to maintain your position until you see obvious signs we are going lower. I sold when we broke back under the neckline but if you didn't right now is a little late to sell if I was in that position right now I would not exit until I saw that 4k had been flipped back to solidified resistance...as long as 4k maintains support there's a chance that this inv h&s brakout can still occur...of course that's just what I would do and not financial advic by any means so you do what you feel is best for you...thanks for reading and good luck!
Possible inverted H&S structure in the makingThis could catapult BTC back into the 5000s, for a time at least.
Then we'll see some sideways creeping, and a longer flat, stable period of weeks, until BTC will make the final dump, sometime in March-April,
the low still remains at 2000 plusminus a few hundred imho.
I could of course be wrong, but that is the general feeling I have.
Weekly timeframe also points to this as well.
Good luck !
Are we going for a head and shoulders in Bitcoin?Seems like the target for this symmetrical triangle we've been forming will fit right in, to complete our head and shoulders pattern that may be forming right now.
Mega Head and Shoulders invertidoQue la euforia por el cambio de tendencia no nos ciegue. El cambio de tendencia no está confirmado ni mucho menos.
El precio puede estar formando un HCH invertido, pero inclusive confirmándose esta figura de cambio de tendencia tenemos que ser cautelosos con las inversiones a largo plazo. Personalmente no voy a asumir que la tendencia bajista haya terminado hasta que el precio rompa la fuerte resistencia de los $6600, pero para eso falta mas información en el gráfico.
¿Cuándo se confirmaría este hombro cabeza hombro invertido?
El cuello de esta figura está por los $4300, que coincide con la EMA 55, con el 78.6% fibo y con la parte baja de la mega cuña alcista que se formó durante todo el 2018 una zona con muchas resistencias pero que el precio a visitado pocas veces. El objetivo mínimo del HCHI sería la parte alta de la misma cuña (por los $5300).
En caso de perseguir este HCHI, el cuello sería la zona crítica. Si no se supera este nivel (flecha roja) el precio oscilaría entre los $3000 y $4000 durante un buen tiempo con posibilidad de buscar nuevos mínimos. Si se rompe el cuello esperaría el retesteo del cuello para entrar en largo con el objetivo de $5300. Pero teniendo en cuenta que, si bien es una figura de cambio de tendencia, puede no ser el cambio de tendencia general. Recordemos que el precio se mueve fractalmente, esto significa que de acuerdo al marco de tiempo que elijamos podemos ver micros o macros cambios de tendencia.
Como aún no vimos la etapa de capitulación, creo que aún no vimos el fondo, por eso en esta idea propongo que la formación de un HCHI mayor y que recién estaríamos formando el hombro izquierdo.
Sigan pendientes del precio si su idea es invertir a largo plazo.
Doubble possible scenarios for btc, H&S or Doubble BottomShort and Concise
First scenario- BTC next target is 4400 USD, then a retrace to 3700 usd (which is also fib 61.8), from there btc might go up to 4400 usd to form a head & shoulder pattern(reverse pattern). If btc breaks above 4400 usd with volume then next target is the strong resistance at 6000 USD(blue trendline).
Second scenario- BTC will fail to break above head & shoulder pattern, a possible target might be then the big support at 3180 USD(blue line) to form a doubble bottom. From there we could see a rally to 6000 USD.
