Based on the current Bitcoin chart, we can see a potential inverse head and shoulders pattern forming. The neckline is around the $24,600 level, and if Bitcoin breaks above this level, it could confirm the pattern. If the inverse head and shoulders pattern is confirmed, the target price for Bitcoin would be the distance between the head and the neckline projected...
Unfortunately, a few days ago, when I saw this pattern on the Ethereum and Bitcoin charts, I forgot to record the Bitcoin chart in the ideas section and only recorded Ethereum. There is no problem, there is a proverb that says, a fish is fresh whenever you take it out of the water.
Globally gaining a large long position with a 15% stop behind loy
This could be a great buy opportunity on GJ if price respects the left shoulder. Tell me what you think about this idea. Journaling/learning purposes.
wheat has a 6month cycle, between northern and southern emisphere crop, looks like it will begin a supercycle, like all commodities. by a thecnical point of view, it's forming a H&S. wheat is a quite "dangerous" commodity to trade so i don't think it's a good idea entering before the pattern ends it's forming and starts going down from that neckline, multiple...
LFTY has seen a downtrend range since March 21', and keeps making lower lower and lower highs. Chart may look a little messy with the VPA, but here are the notable things about this pattern: -Both support and resistance have had 2 high touches, with the 2nd touch nearing the resistance (support has had 3 touches) -The ellipse shows a Head/Shoulder formation, with...
Look previous hights and look MACD - (white lines) we got divergence and because of that this downtrend. BUT is it all or we move more down, lets see. Eyes on the chart -If trendline holds, we can see new ATH real soon. -If trendline breaks, we can see HS pattern and can go to 176.00 Comment what you think
dunno what to think guys n gals, let's see what the next week awaits, but in bearish scenario i will be looking for buying opportunities every time the price meets or one of those trends, in worst scenario if the H&S forms, it's normal objective would be, when completed a 10% correction from the top. let's see what happens.
We are currently at a key level. If we can drop below and close bearish; then entry should work for a drop in price. Keep on watch!
I see a MASSIVE head and shoulders formation. Beautiful peak. I sold all my LINK there at 45usd (magenta circle) by the time i sold also all my ETH and all my ADA in their respective usd peaks. Check TAs below. For now they look like peaks.
Looks like an inverse H&S to me!
GRT the graph showing a potential Reverse Head and Shoulders Pattern forming on 1H chart. Explosive Volume. We will see where it goes. Up hopefully.
With this chart i dont really want to explain all the feautures of the short and how to manage it, this is just the example of how the parabola would break if this was the top (look for btc dominance chart and price usd pairs of main alts)... THIS IS NOT A SHORT SETUP manage your trades carefully.
there u go @amoda_trader thats my idea