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Headandshouldersformation

Reverse head & shoulders pattern forming in the hourlySo yeah there is a reverse head & shoulders pattern forming n the hourly fairly nice looking at this time it is 8:59 AM EST I would say by tomorrow we should be on the upper side of things. I could be wrong so please DYOR & If you want to be safe just wait for confirmation that you're comfortable with. This is not financial advice this is my own opinion using tools that I understand and years of trading experience. As always Happy Trading Traders & Never Trade Leverage.
COINBASE:ADAUSDLong
by PacMan1337
EURUSD could start its descent from hereFor the last week, I've been anticipating a drop in EU, and now, it finally looks like the bulls are starting to lose strength. The resistance zone has been retested multiple times since yesterday and failed to break above. I am expecting one more push down completing the H&S before the next wave up. As of now, the price hasn't even started to break any important levels and that is why this idea is for preparation in case it does. Another spike up in the equity markets could push DXY down triggering EU to break above the resistance zone. Support for this idea: Minor order block looks like it might break any moment. (Bigger order block structure has to break below 1.195) Break of minor trendline support LTF trendline support is not far below Looking for the H&S structure to complete before the next wave up Start to look for price action to push EU down and look for safer entries or scaling in, with a break below the bigger order block and LTF bullish structure around 1.95 & retest around 1.96. Just a note, I already entered this trade with a high-risk entry at 1.199. If it breaks below 1.95, I will be looking for scaling in entries. Invalidation for this idea would be a break above 1.2. Let me know your thoughts. Trade Safe! HEET
Short
by AfterlifeTrading
6
BTC - ONGOING POTENTIAL HEAD AND SHOULDERS IN PROGRESS ON D1...D1 : Recent price action is confirming a potential Head and Shoulders in progress on D1. Nevertheless, such kind of formation will be confirmed only by a breakout of the neckline which for the time being is still away of current level... Important to note, that for the time being, on D1, the BTC is still above the MID BOLLINGER BAND ! A daily closing below 56700 confirmed by another breakout of the Kijun-Sen @ 56070 would also add more selling pressure, having in mind the H & S neckline level, currently around 54000/53500. H4 : Recent recovery from the expected target reached yesterday (see previous H1 analysis) triggered a small recovery which still should be seen as a corrective move only in a bear trend. Indeed, BTC recovered towards of high of 58501, reaching nearly the 61.8% Fib ret @ 58527 ! In addition, this recovery also failed to recover above the Mid Bollinger Band and currently BTC is traded somewhere in the middle of the clouds support zone. Again and again, watch carefully at the clouds on which the bottom line is currently around the 55000 area. ONLY A SUSTAINABLE RECOVERY ABOVE 60'000 WOULD INVALIDATE THE EXPECTED BEARISH SCENARIO
BITSTAMP:BTCUSD
by Ironman8848
2
Bitcoin - Head and Shoulders - Bearish Divergence - Warning?Disclaimer: I remain very bullish on Bitcoin long-term that being said, I do think that caution never hurt anybody particularly when Bitcoin is getting more and more news coverage (I tend towards a contrarian approach) As we can see there is a clear bearish momentum divergence, with each price peak printing a LOWER momentum reading, this coupled with the potential Head and Shoulders pattern leads me to advocate LESSENING, not outright exiting, but LESSENING your exposure to Bitcoin, at least until this pattern resolves, either bearishly or until it is invalidated to the upside. With Bitcoin's marketcap sitting at 1.08 Trillion, I do not expect retail investors to be able to substantially drive the price any longer, at least not as it has done in the past, institutions, not retail will be the ones driving the next leg higher. I do not believe that institutions want to pay upward of $60,000 USD/ Bitcoin, they want to buy cheap and when there is fear in the market. I do concede that if institutions are desperate enough, they will pay whatever it takes, however, given the ability of retail investors to influence price has been greatly reduced (due to the explosion in price), I do think that institutions would be willing to let the market ease, before taking a position. Should this pattern resolve to the downside, it is possible we could see Bitcoin around $40,000 USD, which I will say, would be FANTASTIC, as this would allow institutions to enter and retail to enter at 'safer' (psychologically) levels. I will reiterate, I am not saying to exit Bitcoin, I am suggesting lessening your exposure to a degree that you are comfortable, should the price fall to $40,000 USD. -TradingEdge
BITSTAMP:BTCUSD
by Profit_Link
AUD/USD Short Set Up Head and Shoulders pattern forming with the Right shoulder yet to be formed 1DTF ..Set alerts at the levels you see for the short , Measuring the head give us the potential targets highlighted . Confluence in that region with the 200 EMA , 0.618 fib and aligns with Volume profile . Wait For the candle close just outside of the neckline and SL above the top of the right shoulder . If you have got this far then please click Like and Follow ... Posting Setups and analysis Daily ...Appreciate your support
Short
by SJTRADESFUTURES
2
AUDCAD POTENTIAL BUY - IF RETEST AND REJECTION OF KEY PRICE As you can see from my previous analysis, I prefer multiple confluences on the chart as this gives a better opportunity to be accurate when trading. From the chart I see a Head and shoulder pattern and assuming this is correct then it may go the distance of the size of the head of the pattern, as it does usually with most H&S patterns. The most surprising aspect of this is that, this is the distance to the most recent strong price level. Assuming it retests and rejects this then it may be a tremendous opportunity to buy AUDCAD, which is currently in a uptrend based on the weekly charts. *NOT FINANCIAL ADVICE, MERELY AN OPINION*
Long
by Trader856
2
POTENTIAL SELL ON GBPUSD - HEAD AND SHOULDER PATTERN Similar to my previous analysis on EURUSD which has nearly reached its profit target, this analysis too is based on multiple time frames. On the weekly chart there is a rejection off a strong yearly price area, and on the daily a hammer candle seems to be forming. On the 4 hour time frame there is a clear H&S pattern. The reason why the potential profit is very large compared to the risk, is because usually H&S patterns go the distance of the head of the pattern. If one was to enter this trade, I would recommend only entering after a retest and rejection of the H&S pattern to definitely confirm this is a valid H&S pattern. I have also shown how I think this trade could look. *NOT FINANCIAL ADVISE, MERELY AN OPINION*
Short
by Trader856
4
USDCHF ANALYSIS 15 - 19 FEB ANALYSIS -------------- DAILY TF: BULLISH ENGULFING + INVERSE HEAD & SHOULDERS PATTERN 4HR TF: BREAK OF RECENT LOWER HIGH 1HR: BULLISH BREAKOUT OF CONSOLIDATION BOX PLAN OF ACTION ---------------------- - WAIT FOR RETRACEMENT/ CORRECTION PHASE ON THE 1HR TF TO COMPLETE BEFORE TAKING BUYS - IF OPPORTUNITY PRESENTS ITSELF, WE CAN TAKE THE ANTI-TREND SELLS TRADES ENTRY REASON -------------------- - BREAK OF CORRECTION PHASE STOP LOSS @ TO BE DETERMINED AFTER CORRECTION TAKE PROFIT @ NEXT ZONE
Long
by Terapips
3
Major altcoin season track idea (inv. Head&Shoulders pattern)Hello everyone, This idea is made for easier tracking of possible upcoming major altcoin season. Some of the altcoins are allready witnessing 50-300% pumps past weeks/months after a 2-3 years of decidline downtrend This could change in 2021 ! In my opinion Others.D Monthly is painting a huge inverted HEAD & SHOULDERS pattern Mooving average 200 dominance analysis Bitcoin dominance possible projection based on wedge patterns There is also possibility of a different inverted head and shoulders pattern formation as seen below So I´ve made even the second version chart for your easier tracking guys ChaChain ------------- Disclaimer: I´m not registered or licensed in any jurisdiction whatsoever to provide investing advice or anything of an advisory or consultancy nature, and therefore I´m unqualified to give investment recommendations. Always do your own research and consult with a licensed investment professional before investing. This communication is never to be used as the basis of making investment decisions, and it is for entertainment purposes only. KEYWORDS others.d, others dominance, market cap others dominance, altcoins, altcoinseason, alt, alts, alt szn, trading, bitcoin , bitcointrading, profitable trading, profittrading, profit trading, secret, divergence, bull divergence, bear divergence, divergencetrading, divergence trading, trading strategy, how to trade bitcoin , bitcoin trades, bitcoin trading, make profit, take profit, trading strategy, trading technique, successful, successful trader, successful technique, successful strategy, successful secret, how to trade, trend analysis, technical analysis , indicators, rsi , relative strenght index, let it rain, successful life, easy strategy, easy trading, easy technique, make money, crypto investing, investing, crypto, cryptocurrency, cryptocurrencies, mentoring, money, chartart, beyond technical analysis
CRYPTOCAP:OTHERS.D
by Anoinvest
10