Head_and_shoulder
A bearish week of price action aheadprice has been waiting to move in position to start a bearish move. we are now in position to form a solid H&S pattern on the 8HR chart. need to continue to see confirmation it wants to continue down though so will scalp cautiously.
EURUSD - 30,000 ft ViewIn this video I walk you through EURUSD from the Yearly Chart, down to the Weekly Chart. Going over levels that have been swept, levels I see as upcoming draws on liquidity, and 3 scenarios I see possibly playing out for EURUSD over the next 1-3 quarters.
As always, good luck, have fun, and practice solid risk management.
BTC 0 or hero? 📈 Chart Analysis:
falling wedge: Top tip wait for breakout and retest of the AVWAP before taking a long, however we did get an engulfing candle on the reaction from the 150ema so i have gone long already trying to front run patterns is not the best thing to do so be cautious if you are to do the same!
We got the retest of the Head and Shoulders resistance in prep for the latest sec vs binance news which took us to out first target 150EMA: top tip play any SHORTS super carefully here as the reaction from the 150 was extremely bullish but know we could still see out lower avwap target currently at the 18k area 😉
additional info!
Currently in a Stage 3: where we look for Bullish continuation patterns (falling wedge) and/or topping patterns Head and shoulders
OBV still in a stage 1 and looking weak!
🔔 Risk Management:
Adjust your position size based on your risk tolerance and use proper risk management strategies, such as trailing stop losses, to lock in profits as the price moves in your favor.
⚠️ Disclaimer:
This analysis is for educational purposes only and should not be taken as financial advice. Always conduct your own research and consult with a financial advisor before making any trading decisions.
Black swan event or pump? $BTC update!📈 Chart Analysis:
Potential falling wedge: Top tip wait for breakout and retest of the AVWAP before taking a long
Are we retesting the Head and Shoulders resistance in prep for a "Black Swan" event that will take us to our low target?: top tip for an early SHORT position you could take the short now and place a stop above the highest high of this retest OR on the falling wedge break out area ;)
additional info!
Currently in a Stage 3: where we look for Bullish continuation patterns (falling wedge) and/or topping patterns Head and shoulders
OBV still in a stage 1 and looking weak!
🔔 Risk Management:
Adjust your position size based on your risk tolerance and use proper risk management strategies, such as trailing stop losses, to lock in profits as the price moves in your favor.
⚠️ Disclaimer:
This analysis is for educational purposes only and should not be taken as financial advice. Always conduct your own research and consult with a financial advisor before making any trading decisions.
BTC : A Scenario We DON'T WANT To See ⛔Hi Traders, Investors and Speculators of the Charts 📈📉
Ev here. Been trading crypto since 2017 and later got into stocks. I have 3 board exams on financial markets and studied economics from a top tier university for a year.
Bitcoin is consolidating under resistance zone of $29k - $30k and this is BULLISH. However, it's worth pointing out a possible scenario that we DON'T want to see right now - a drop under $25k. This will form an ugly Head and Shoulders pattern that could take us back to a brief wick support around $19k.
I'm labelling this post as a "long" or bullish, because until we actually drop under $25K, I remain of the opinion that we've stared a new bullish cycle.
While you're here 👀 Check out this update on XLM which recently increased nearly 60% :
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BTC/USD SHORT TECHNICAL ANALYSIS Dear followers and new viewers,
Welcome to the channel. I really wanted to get this piece of evidence out there before BTC plays through with the downtrend. Like and follow at your own will I enjoy studying markets on my free time and would enjoy hearing feedback.
Please let me know in the comments what you all think as well, open to new ideas.
~MC
Zomato Stock Buyers Be WarnedZomato stock has been in a steep downward trend. It has formed a small head and shoulders pattern and moved below the 50-day moving average. It has also plunged below two important support levels. Therefore, I suspect that it will crash by about 20% to its all-time low.
Head & Shoulders ???I
see a head and shoulders forming on the 4 hour time frame. Curious if we hit the levels and see what happens from there.
ETHUSDT - WATCH OUT, Bearish Pattern ❗Hi Traders, Investors and Speculators 📉📈
Ev here. Been trading crypto since 2017 and later got into stocks. I have 3 board exams on financial markets and studied economics from a top tier university for a year. Daytime job - Math Teacher. 👩🏫
I'd like to point your attention to a bearish pattern forming on the 1D timeframe on Ethereum , a Head and Shoulders pattern is busy forming the final right shoulder. It's always tricky to say exactly where the pattern will correct to, but it is usually close to the zone where the pattern start's. This would give us a target between $1100 - $1200. A break above the head would invalidate this pattern ($2000). NOTE that this pattern may take some time to play out, since the last shoulder is still forming.
To consider a bullish reversal, we'll need to see a reliable bottom pattern form on a higher timeframe:
If you're interested in additional ways to make money with Crypto, check out this idea:
If you're interested in what affect the Russia-Ukraine war might have on the Euro in the coming winter months, and how this relates to Bitcoin, check out this idea:
Thank you for watching, tune in again tomorrow !
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GBPUSD | New perspectiveGBPUSD slumps at the stellar US NFP result on Friday to set the tone for a possible risk of further decline in price in the new week. In this video, I was able to identify the structure that emphasizes my bearish bias for the week.
Risk Disclaimer:
Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility.
You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment.
I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith.
Past performance is not necessarily indicative of future results.
Bitcoin 4-10k!? Ethereum $100-$500!? What? Holy ****! Really?Traders,
What I am seeing on these charts is shocking! Let's dive in.
- Stew
If the Nasdaq unfolds like this, we're going to make some money!Could we be seeing the formation of an inverse head and shoulders on the Nasdaq?
Happy trading!
Linton
APE Coin - Caution Here! H&S Spotted on the 4hr.Traders,
In my last post I was extremely bullish on APE coin. I had a target of $20+ and we reached and exceeded that target easily. If I was in that trade, I would have sold ALL and taken my profits at that point.
I continue to receive requests for my analysis on this coin. Unfortunately, you all are prolly not gonna like what I have found here.
Let's jump into the charts!
- Stewdam.us
EURGBP - Bullish SetupW1 - bottom of the range, bullish divergence
D1 - bullish divergence, bullish convergence, head and shoulders
Looking for buys
#Bitcoin bear nazis have said, "No bounce for you!"#Dollar up against the 50 day ma (0:00-0:58)
#SNP below the 200 day ma (0:59-3:10)
#nasdaq (3:11-4:15)
#DJI (4:16-5:25)
#ethereum (5:26-5:54)
#Btcusd (5:55-end)
#headandshoulders pattern
#capitalgainsharvesting (11:25-12:23)
Bitcoin - Is a 20-24k in the cards? 200 week ma & logarithmic In this video:
* Where must we close today/tomorrow? (0:00-3:30)
* Why additional variables outside of technical analysis only mess with good technical analysis (3:30-4:30)
* Is this really a valid H&S pattern? (4:30-6:30)
* What I need to see for further confirmation down (6:30-11:30)
* A look at the weekly chart - M pattern spotted (11:30-13:25)
* A logarithmic view (13:25-17:00)
* 200 week moving average (17:00-End)
Bitcoin hits $36,000 & Is this H&S pattern legitimate?In this video:
* I discuss this significant price level of $36,000 Bitcoin
* I discuss future possibilities regarding price action
* I discuss the previous Head and Shoulders pattern I had spotted
* I question whether or not it's target down is something that we should continue to pay attention to.
Head and Shoulders part 3 Look out below ...part 3 ....
We have been following this development.....we are at a very critical point.
YFIIUSDT is creating a head and shouldersYFIIUSDT is creating a head and shoulders.
If the price is going to lose the support, According to Plancton's strategy (check our Academy ), we can set a nice order
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Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <4h structure.
DOTUSDT is creating an inverse head and shoulders 🦐DOTUSDT is creating an inverse head and shoulders 🦐. According to Plancton's strategy (check our Academy ), we can set a nice order
–––––
Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <4h structure.
BTCUSD Long Term Chart Patterns WXY Correction TargetsBITSTAMP:BTCUSD
In this video I look at chart pattern possibilities, including the text book break down from the recent Inverse H&S Pattern reaching its target to the tick! This target hit the ATH 50% Fib., to the tick practically!
Also, I highlight the potential Inverse Cup & Handle Pattern I'm seeing develop. As of this report $BTC has retraced 50% from swing high($12,473) to the local swing low($9,825.xx). Should BTCUSD retrace past this 50% level(higher), then Inverse Cup & Handle pattern should be considered invalid technically. Anything greater than 50% retrace on handle should nullify this pattern, Inverse or not.
If Cup and Handle plays out, a target of roughly $7,500 is considered! This puts BTC price close to 61.8% retracement($7,143.99) of March-August Rally.
I propose a WXY correction to achieve these targets!
WXY Fibonacci Extension Targets for "Y" Of course this is purely hypothetically speaking should the "X" pivot hold as I report this. It's entirely possible that price can briefly pierce higher, thus slightly altering the fib. levels, in which case I'll update as necessary....
61.8%: $9,546.59
78.6%: $9,101.74
100%: $8,535.08
123.6%: $7,910.17
138.2%: $7,523.57
161.8%: $6,898.66 (Y wave should not exceed the 161.8% extension) I interpret this as that the Y wave can in fact extend up to this level, though, should be considered suspect as it approaches and eventually surpasses the mark!
In addition to the potential Cup & Handle, should that develop, there would be/ is nonetheless, an Inverse Head & Shoulder Pattern possibly developing as documented in the video analysis!
I'd love to get your feedback! Also, please leave a like and feel free to follow, as I will be offering more chart analysis, focusing predominantly on Bitcoin and Cryptocurrencies. Occasionally DXY and EURUSD too!
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