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Head_and_shoulder

Bitcoin price may fall of around 10% minimum, according to thisHey everyone as you can notice price formed an head and shoulders pattern, which is a highly reliable signal that indicate price may fall from here. Trend is reversing, therefore im expecting a retracement to the neckline of the H&S pattern and then a sharp fall to at least 28250 where there is the demand zone. Moreover the moving averages crossed bearish which confirm the bearish scenario. First take profit will be around 29200, first target will be at 28250 (it may keep going lower after this) tell me your toughts in the comments section. And dont forget to press the Like button if you think this idea was helpful ! Best wishes for a great week ahead
BITSTAMP:BTCUSDShort
by Thomas_Zito
5
Technical Pull back Buy the DIP!The slight gross margin decrease of 4.8% was enough to resume the HS pattern on the chart executing a normal pullback- relative to the "neckline" where HS patterns are confirmed with some other criterion. Despite the quarterly margin contraction, expected cost reductions should start to materialize in 2024. Everything on the income statement is trending in the right direction. If TSLA really does hit the pattern target of HKEX:80 , a 50% further decrease from current SP, which is based on a formula of probabilities for this specific pattern, then it will be 62% undervalued. At SP of 80, subtracting the 5.14 of Cash per share, and using current TTM, the PE would be 21! Even with a PE of 49 GAAP TTM , the difference to sector is 222% and FWD PE of 50.5. However several different metrics between growth and profitability could easily justify it where its at now. EBITDA growth YoY 3,607% diff to sector,/ FWD 690% diff to sector; Rev Growth Fwd 393%. EV/EBIDTA FWD 180 % diff to sector. Net Income Margin TTM 247% diff to sector. ROC TTM 193 and ROA TTM 289% differences to sector... Easily justified.. Rarely are you able to purchase growth companies at a PE of 21... Buy the DIP!
NASDAQ:TSLALong
by Jrussell86
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% : _______________________ 📢 Show us some LOVE 🧡 Follow for daily updates and trade ideas on Crypto , Stocks , Forex and Commodities 💎 We thank you for your support ! CryptoCheck
Long
by CryptoCheck-
40
GBPUSD: Waiting for Confirmation of Bearish TrendThe GBPUSD pair has formed a double top pattern, with divergence on momentum indicators, and is now completing a head and shoulders pattern. To confirm the start of a bearish trend, I will wait for the price to break below the neckline at 1.2350. However, I will likely wait for the price to bounce off support levels and re-enter slightly above the neckline (around 1.237), when it has captured some liquidity from traders anticipating a rapid decline, before entering a short position. This will enable me to capture more liquidity at a better price and minimize losses. When trading, it is important to remember that the majority of traders (90%) lose money. Therefore, one should only sell at the highest possible price and buy at the lowest possible price, even if it means missing out on some opportunities. It is also crucial to avoid placing stop-loss orders in easily accessible locations, as prices often return to areas of liquidity. Finally, instead of chasing prices, one should wait for them to come to their desired conditions. ------------------------------------------------------------------------- Let me know your thoughts in the comments, and show your support by liking the idea. Please follow if you're interested in more ideas like this. Your support is greatly appreciated!
Short
by Candlestick_OB
🔥 ADA Inverse Head & Shoulders: Retest Into Bullish Move?Over the last half year or so, ADA has been following an inverse head & shoulders pattern. Classically, inverse H&S patterns occur at the end of bearish trends. As of a couple days ago, ADA has broken out of said H&S pattern. However, with BTC trading bearish today, ADA has gone for a retest of the neckline. Theoretically, we can reverse from here and burst upwards. However, without BTC going up ADA will go nowhere. If BTC flips bullish/neutral, ADA might see a big bounce from today onwards, else we're just going down like the rest of the markets. A daily candle close below the neckline would be an invalidation of this pattern. In case we reverse, targets in blue.
Long
by FieryTrading
10
The Last Drop of ETHHello traders, A one more drop is coming before creating a new high, ETH is setting up for a drop its showing me a lot of weakness on the weekly timeframe. i am waiting for ethereum to drop and buy from the low price as much as possible, the price area that i am looking for is around 500 it will take time not a few days or few weeks analysis so patience is the key to succeed. In the weekly timeframe price is formed head and shoulder pattern now price is going to retest that and drop from there, the area that i mentioned in the chart is around 500 to buy the ethereum for the long run, now ethereum is just going up and every one is wanted to enter in the market and try to make some profits but i am pretty much sure that this is going to be drop before creating a new high of all time and i am just basically waiting for that. This is my analysis and view about ethereum. This is just analysis, not the exact trade or any kind of signal that proven with wining or losing % so be sure trade with your own according strategy do not depend on my analysis. I wish you good luck in trading.
Short
by TheLoserMan
#BTC - Head and Shoulders pattern + HIGH ROOF Resistance.#BTC - Head and Shoulders pattern + HIGH ROOF Resistance. Can we break it? -> Look at the liquidity and volume which is super super super LOW. All indicators look like we are reaching this RUN's top. So be careful. - - - - - The head and shoulders chart pattern is a popular and easy-to-spot pattern in technical analysis that shows a baseline with three peaks, the middle peak being the highest. The head and shoulders chart depicts a bullish-to-bearish trend reversal and signals that an upward trend is nearing its end.
Short
by JB_Consulting
$JD Potential IHS still intact Hey guys, after a big down day today, I wanted to take a look at the chart again. The inverse head and shoulders is still intact. I really want to see the RSI trendline keep that incline slope. If it doesn’t hold RSI tendline, we may head all the way to oversold conditions, which could be several dollars below here if we don’t get a significant rally. Also, It could potentially be a sign that the selling pressure is still present. Everything here is just an opinion, and made for entertainment purposes. This is in no way, shape or form any any type of financial advice or advice in general. This is for entertainment purposes only.
NASDAQ:JDLong
by Urmomma
BTC - Head & Shoulders pattern forming!Here's a quick look at BTC 30 min. chart. Upon observation of the price chart, it appears that a head and shoulders formation has materialized, indicating the potential for a downward move if the neckline is breached. The neckline is currently positioned at 29.8k, and it is prudent to monitor this level closely in the event of a break below it, which could trigger a move down to the support zone. ------------------------------------------- Recent Altcoin trades: ARB / USDT: 5% profit APE / USDT: 7% profit (Still going) DOGE / USDT: 2.3% profit XRP / USDT: 2.4% profit DOGE / USDT: 20% profit XRP / USDT: 9% profit SHIB / USDT: 3.4% profit ------------------------------------------- About our trades: Our success rate is notably high, with nine out of ten of our posted trade setups achieving at least their first target upon a breakout price breach. Our TradingView page serves as a testament to this claim, and we invite you to verify our results firsthand. ------------------------------------------- With regards to ALTs: ------------------------------------------- If you like the content, then make sure to comment and like the post :D Follow me for daily profitable trading setups. BTC dictates the market. If BTC falls, then Alts will drop as well. Trade safe!
Short
by MBM_Crypto
4