BTC resuming uptrend?Seems like supply is drying up, forming a contraction with inverse head and shoulders. Good probability of breakout on upside.
Head and Shoulders
The Overlooked Impact of Lower Crude Oil Prices on Inflation Everyone talks about higher CPI when crude is up, but ignores it when prices drop.
Right now, lower crude oil is actually helping to soften inflation and weaken the dollar.
Keep an eye on the neckline around $70—but it might not be easy to break.
XAU make a new high !!!!!for XAUUSD will make a new high before go down. i see the reversal pattern Head and Shoulder.
This is only my opinion. Happy Trade guys !!!!
USDCHF - Head and ShouldersHello Traders !
On the daily time frame, The USDCHF price formed a head and shoulders pattern.
Currently, the neckline is broken !
So, I predict a bearish move📉
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TARGET: 0.89190
GBPAUD has oppourtunity for Inverse SHS patternGBPAUD, wait break 1.9230 with full candle dan wait for retest, will give us oppourtunity for inverse SHS pattern. with target Take profit at 1.9400-1.9450 dan SL i will put at 1.9130.
Lets See
Happy Trading
Disclaimer On
SPY levels update - Still waiting First of all, I would like to note that the price found support roughly at the zone noted earlier : flag bottom + 21EMA. Yes, we got a shakeout, but it was not followed by high volume and was aggressively bought back.
We are still inside the flag, with support around 523, where I see the Inv H&Sh pattern on the lower timeframe, as well as the 21EMA. If this level is broken, price may try the 50SMA (and the flag bottom).
As long as the price is above these lvls - that is pretty positive!
EURGBPEURGBP has formed inverted Head and Shoulder with strong bullish divergence. As the buyers are getting bids with this confluence.
If the sell pressure resumes and buyers gets active the optimum target will be 0.8550.
What you people think of this idea ?
Bullish swing for NZDCAD
Although the overall bias from a positional standpoint remains bearish, NZDCAD is officially bullish from a swing perspective having broken key technical elements:
-Descending weekly trendline
-Major zone at 0.84000
-Neckline of the weekly inverse HS
Long trades will be anticipated as setup emerges, with 0.87200 being the next target for NZDCAD.
DWX - 14 months COMPLEX FORMATION══════════════════════════════
Since 2014, my markets approach is to spot
trading opportunities based solely on the
development of
CLASSICAL CHART PATTERNS
🤝Let’s learn and grow together 🤝
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Hello Traders ✌
After a careful consideration I came to the conclusion that:
- it is crucial to be quick in alerting you with all the opportunities I spot and often I don't post a good pattern because I don't have the opportunity to write down a proper didactical comment;
- since my parameters to identify a Classical Pattern and its scenario are very well defined, many of my comments were and would be redundant;
- the information that I think is important is very simple and can easily be understood just by looking at charts;
For these reasons and hoping to give you a better help, I decided to write comments only when something very specific or interesting shows up, otherwise all the information is shown on the chart.
Thank you all for your support
🔎🔎🔎 ALWAYS REMEMBER
"A pattern IS NOT a Pattern until the breakout is completed. Before that moment it is just a bunch of colorful candlesticks on a chart of your watchlist"
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⚠ DISCLAIMER ⚠
The content is The Art Of Charting's personal opinion and it is posted purely for educational purpose and therefore it must not be taken as a direct or indirect investing recommendations or advices. Any action taken upon these information is at your own risk.
ETH Support 3700 Appears To Be HoldingETH ETFs will give Ethereum and therefore altcoins a nice bump/pump and I believe that, as long as ETH can hold this current support level at around 3700, then Ethereum and altcoins have found their local low. In other words, altcoin season is close. Supporting this theory is this inverse H&S pattern which I spotted well before the right shoulder had even formed. We can now see that this pattern appears to actually be playing out and Ethereum should remain strong for the remainder of 2024, though the possibility of breaking support at 3700 and dropping to 3500 still remains relatively strong as well before further upside. Adjust all stops and plan accordingly.
weekly view AMZN inverse head and shoulderThis pattern is not easy to see on the daily, so I added a more clear visualization of it on the weekly. H&S are rarely symmetrical and lining up perfectly. What draws me to this chart is more the bottoming stochastic, the prior high volume pump, the aggressive step in from buyers on the formation of the head. Mix this with AMZN and GOOGL being much more undervalued than the rest of the Mag 7 and you have a recipe for an explosion. Election year too.
-210$ is still my price target
UK100 - Head & Shoulder - Bullish PatternCAPITALCOM:UK100 has been in a strong bullish trend. Following retracement, price has formed an inverted head & shoulder pattern indicating potential bullish momentum!
DOGEHi guys
Considering the consumption of the specified range, the probability of reaction to the specified price range is very high.
On the higher time frame, the probability that a higher ceiling will be formed compared to the previous ceiling is very weak.
As a result, our bullish view is short-term for now.
What do you think?
EURGBP Bullish setupTrade Plan:
Entry Level(Buy Stop): 0.85431
Stop Loss Level: 0.85090
Take Profit Level 1: 0.85772
Take Profit Level 2: 0.86113
Reasons for bullish bias:
- Price is at a strong S/R level
- Inverse H&S formation
- Bullish divergence
- Safe entry at HH breakout
EURCAD: Long From Support 🇪🇺🇨🇦
EURCAD may bounce from a solid intraday horizontal support.
After its test, the price formed an inverted head and shoulders pattern
and broke its neckline.
I think that the pair can reach 1.483 level easily.
❤️Please, support my work with like, thank you!❤️
Aliceusdt Buy opportunityAliceUSDT is exhibiting a potential inverse head and shoulders pattern, with the price currently forming the right shoulder. This presents a promising buying opportunity. The immediate target is the neckline of the setup, and stop loss should be strategically placed as indicated on the chart. Final target levels are also outlined on the chart. Let's observe how this evolves over time; patience will be essential for this coin.
Amzn inverse head and shouldersAmazon is printing a massive inverse head and shoulders on the daily chart. Daily is obviously more reliable than lower time frames. The upside projection of this lands right on a key fib level around 210$. I expect this to play out as AMZN is way more undervalued than the other Mag 7 stocks save googl. Amazon also has so many sectors and a massive monopoly style moat.
-210$ in the next quarter imo
PONKEUSDT1. Looks bearish with H&S on Daily and break of Trendline.
2. Pepe chart the same.
3. Possibly the end of Meme Season?
AUDCAD: Bearish Reversal Coming?!The *AUDCAD* currency pair seems to have formed a *dynamic head and shoulders pattern* on the *4-hour (4H) time frame*. Let's break down the analysis:
1. *Pattern Description:*
- The head and shoulders pattern consists of three main components: a left shoulder, a head, and a right shoulder.
- In this case, it's described as "huge," which suggests that the pattern is particularly significant.
2. *Dynamic Neckline Break:*
- The neckline of the pattern is a trendline connecting the lows of the left shoulder, head, and right shoulder.
- A "dynamic" neckline means that it's not a horizontal line but rather follows the slope of the price action.
- On Friday, the neckline was broken, indicating a potential reversal.
3. *Bearish Expectations:*
- The successful close of a 4H candle below the dynamic neckline suggests bearish momentum.
- Traders often look for confirmation by waiting for a retest of the broken neckline as resistance.
- If the price continues to decline, the next significant support level is around *0.9000*.
Remember that trading involves risks, and it's essential to consider other factors (such as overall market conditions, economic news, and risk management) before making any trading decisions. Always use proper risk management techniques and consider seeking professional advice or mentorship if you're new to trading. 😊📉💡
If you have any more questions or need further analysis, feel free to ask! 🌟
Bitcoin Marketcap v Federal reserve M1A nod to @unbeldi
And a updated chart
Swapping the Bitcoin price to marketcap over the M1 money
As BTC is a Trillion dollar asset again
and was invented to be peer to peer cash
It's good to compare the ratio vs the dollar.
And imagine one day in the future that it may dethrone the King.
Since BTC is natively digital and global
(M2 is slightly larger number and the more commonly used metric @ 20.86 Trillion)
The number of coins I used for the 100k & 400k price projections
was 19,791,006
If you wanted to check my maths
This is the current and supply and the estimate of number of coins in 10 months time.
BTC.D Potential Inverse Head & shouldersA nice healthy FWB:12K shakeout in #BTC
And we see the #ALTS rebounding back strong
This is the market saying to Daddy
The party is not over yet it's only 10pm
I think this Head and shoulders can perform
let's watch and see if it does.
GOLD (XAU/USD): what does the MTF view orchestrate?Initially, taking a look at the Monthly-timeframe development, it could be noted that the price is printing huge wick candles, which emphasises the inability to continue pushing in the upside destination. Identifying all crucial key zones and levels of decision, we may point out the importance of the 2.07 key region, the borders of which could be visited in the upcoming middle to long run if our game-plan plays out as desired.
Zooming into the Weekly-timeframe chart to locate probable entry areas, the right shoulder zone of the currently forming Head&Shoulders pattern could be held under the radar. If the price manages to bounce off the neckline highlighted on the graph and reach the right shoulder zone as orchestrated, we might look into taking short positions and aim for the 2.07 destination in the upcoming long run.
The bull market + $ASTO = 50-100x?A very nice inverse head and shoulders is forming with ASTO. If the neckline is retested and broken, we could see a very nice pump. $1 is not out of the question.
