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Head and Shoulders

BTC - Head & Shoulder forming, 74k to 77k price projectionAfter hitting all time highs, BTC has been bouncing in a range, trying to break free and forming possibly a head and shoulder pattern. If BTC breaks through 91,400 and head and shoulder pattern plays out, on the basis of the measured distance between head and neckline, BTC is likely to test 77k or 74k. BTC could test 77k because: - the measured distance between head and neckline in % terms will take BTC to 77k - if we use trend based fib tool to project BTC price, 77k is a fib level of 50% BTC could test 74k because: - the measured distance between head and neckline in $ terms will take BTC to 74k - there is strong support zone around 74k region Remember technicals are all probabilities, price negate head and shoulder pattern to test all time highs.
by I_M_Shoaib
BTC SHORT - Intermediate reversal TradeBTC has formed a shooting star close on the monthly chart, and also has a head and shoulders showing up on many time frames (1D, 2D,etc.) It is having a hard time breaking into the 99K + resistance area. I have an adaptive short trade here. Blue Box entry, blue box - 96,500 - 99K Stop loss just above 100K Red Box Entry, if price goes into the red box 99k-104,500K - stop loss above ATH price of 108,321ish Take Profit 1: 85K Take Profit 2: 81.3K Take profit 3: 78K Take Profit 4: 72K Take Profit 5: 66K I have a lot of take profit areas up because it is hard to tell how big of a correction BTC will have overall if it does have a correction. I do see the potential all the way down to 52K, though. Thanks and trade safe!
BITSTAMP:BTCUSDShort
by LoneWolf1425
SUI Intermediate Short TradeHowdy everyone! SUI has been on a tear! Well, I think that BTC is showing a nice sized reversal before the final parabolic phase of this bull market. I also think that SUI has hit an area of interest, and it is way overbought. I think that shorting as close to the current 4.236 of this fib sequence at $5.26 is ideal. Entry - As close to $5.26 as possible. Once we get further confirmations, there will be multiple areas that you can enter a short. I am attempting to catch the reversal here. My take profits are based on catching the reversal. Take Profit = TP TP 1: 3.26-3.72 TP 2: 2.85-3.02 TP 3: 1.98-2.50 TP 4: 1.24-1.65 Stop Loss: Above current ATH of $5.36 This depends on how big of a correction that BTC gets. We have a monthly shooting star on BTC, and BTC is showing head and shoulders on multiple timeframes (1D, 2D, etc.) Thank you and please trade safely!
COINBASE:SUIUSDShort
by LoneWolf1425
GBPCAD - Weekly Forecast - Technical Analysis & Trading Ideas!Midterm forecast (Daily Time-frame): While the price is below the resistance 1.82310, beginning of downtrend is expected. Technical analysis: A peak is formed in daily chart at 1.82320 on 12/19/2024, so more losses to support(s) 1.79228, 1.78439, 1.76819 and minimum to Major Support (1.74790) is expected. Take Profits: 1.79228 1.78439 1.76819 1.75765 1.74790 1.72705 1.70900 1.69267 1.67670 1.65599 1.63703 1.60894 Short-term forecast (H4 Time-frame): A Head and Shoulder Reversal Pattern has formed and the neckline has also been broken. Price is touching the neckline again. It is very likely that the downward wave will start from this area. __________________________________________________________________ ❤️ If you find this helpful and want more FREE forecasts in TradingView, . . . . . Please show your support back, . . . . . . . . Hit the 👍 BOOST button, . . . . . . . . . . . Drop some feedback below in the comment! 🙏 Your Support is appreciated! Let us know how you see this. Have a successful week, ForecastCity Support Team
Short
by ForecastCity
9
GBPCAD SHORTSA heads and shoulders pattern signaling reversal, a transition from bullish to bearish. REJECTION POINT Rejection is likely to occur between 1.80000–1.80328, as these are strong confluence levels: The retest of the neckline. The psychological round number (1.80000) The EMA 50 acting as dynamic resistance. If the price is rejected here, the market is likely to continue its bearish move, targeting lower levels such as 1.78000 or below. Conclusion The price is currently retesting the neckline of the Head and Shoulders pattern. Watch for bearish rejection signals (e.g., bearish candlesticks, volume spikes) around 1.80000–1.80328, which could confirm the continuation of the downtrend.
Short
by sosaxbrodie
2
IWM | Incoming Bull Run | LONGiShares Russell 2000 ETF seeks to track the investment results of the Russell 2000 Index, which measures the performance of the small-capitalization sector of the U.S. equity market. The fund generally invests at least 80% of its assets in the component securities of its underlying index and in investments that have economic characteristics that are substantially identical to the component securities of its underlying index (i.e., depositary receipts representing securities of the underlying index) and may invest up to 20% of its assets in certain futures, options and swap contracts, cash and cash equivalents.
AMEX:IWMLong
by DivergenceSeeker
3
ETHUSDT - 1D - Head and ShouldersETHUSDT - 1D - Head and Shoulders TRADEX BOT NEWS: May your trading strategies be fruitful! Over the holidays we have made significant changes to the way the bot operates that allows for scalability so it can be used by everyone. We will soon have the first version of TradeX BoT, which will function as a second layer Order Book on CEX markets, hiding our greed (TP) and fears (SL) from exchanges. More news to come soon! Thank you! _______________________________________________________ ETHUSDT - 1D - Head and Shoulders On the 1D TF, ETH is perfectly drawing the Head and Shoulders pattern that could be the catalyst for ETH to shoot its price above the current ATH. It would not be surprising if in this first Q1, ETH reached 7k. Considering BTC's journey after the launch of the ETFs, ETH has not yet exploded, so it is worth following the evolution of this heat and entering when it gives us opportunities. The important thing to be successful in trading is to be faithful to our strategy. To be clear about where we are, where we want to go and when it is better to be out in liquidity. __________________________________________________ Automated Cryptocurrency Trading Bots: All these strategic alternatives can be configured with TradeX BoT, since it will allow you to position in both directions without having to block any amount per position. It will only be necessary for the conditions to be met, either down or up, for the orders to be executed in one direction or another, taking the necessary deposits from your portfolio. TradeX BoT (in development): Tool to automate trading strategies designed in TradingView. It works with both indicators and technical drawing tools: parallel channels, trend lines, supports, resistances... It allows you to easily establish SL (%), TP (%), SL Trailing... multiple strategies in different values, simultaneous BUY-SELL orders, conditional orders. This tool is in the process of development and the BETA will soon be ready for testing. FOLLOW ME and I will keep you informed of the progress we make. I share with you my technical analysis assessments on certain values ​​that I follow as part of the strategies I design for my portfolio, but I do not recommend anyone to operate based on these indicators. Inform yourself, educate yourself and build your own strategies when investing. I only hope that my comments help you on your own path :)
CRYPTO:ETHUSDLong
by DeuXfi