The Head & Shoulders Dimensions, Entry, Stop and Targets
Looks like this is worth the trade, closure below this point where the 30m trend line meets the neckline. TP 1 = 135.236 TP 2 = 134.885 Short Term Trade
LTC is presenting several short term bullish arguments. The 4 hr time frame allows us to see a very clear head and shoulders. We are basically about to break the next line and a decent opportunity for a scalp does seem to be on the horizon. Momentum is reasonable at the time of this posting but RSI is pretty high all things considered. We might see some sideways...
BTC reacts to H&S a lot, will it react again?
I think BTC is going to take a bearish turn headed towards the main support. Overall the trend keeps being bullish but the market really needs a reset. RSI shows an overbought figure and a H&S pattern is forming on the top, meaning a diversion from the current motion is coming. I can see three main target prices in the fall that might work as a mid term support....
This looks like a bearish head & shoulders pattern to me! Bitcoin Trading Club is created to share valuable trading ideas, charts and to support each other with our trades (Not Financial Advice).
Seeing H&S developing and it should play like that given the situation BUT we have a wildcard - namely the FED. And them saying they are ready to buy ETFs to prop the market, I am not sure it will play out this way
A family member asked me, if he shall buy AMS at 38$. My first look at the chart was just a "WOW", what an incredibly massive Head and Shoulders. I told him to short the market rather than longing it. And what I recently understood... Even though people are able to short the market, people just love to long the markets and they mostly dislike to short it... Must...
All description on the chart. Please, don't forget to like and follow. Thank you.
Hello All! Please hit that Like button and follow us to show support and keep receiving updates when charts are released. Unfortunately Bitcoin failed to close above the 12H midband at $8,140 and $1D midband at $8,200 to remain bullish . Were back at being cautiously bearish after our stoploss was hit at $8,085. The bull setup we had and the 12H 1D Head Fake...
@onchart Questions? /141T
Possible short trade scenario with an inverse head and sholders
Head and Shoulders accompanied by falling volume. Going Short on this one!
Lunch break ends in 1 minutes and market re-open, market should rally
Hello Crypto Lovers! Please hit Like and Follow us for more updates on this chart. This chart represents a potential bear scenario based on the the 3D Timeframe on Ethereum. It shows the 3D momentum's pending a bear cross similar to November 2018. Clearly, we already broke down as seen on the chart and may start washing down towards the target of the bearish H&S...