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AMS Stock - Looking nastyA family member asked me, if he shall buy AMS at 38$. My first look at the chart was just a "WOW", what an incredibly massive Head and Shoulders. I told him to short the market rather than longing it. And what I recently understood... Even though people are able to short the market, people just love to long the markets and they mostly dislike to short it... Must be something with human nature... Being the black sheep on the other side probably doesn't feel as great as being part of a community which is celebrating markets going up together. If this H&S triggers,we will find AMS at: 4$. Happy Trading!
SIX:AMSShort
by Thierry88
6
Bitcoin - Confluence of Bear Targets towards $6,900-6,600Hello 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 setup were never confirmed as we failed to break above the resistance at $8,290-8,330 and close a daily above $8,350. So where are we at now? Well TA wise the bulls do not much have left anymore at these levels beside the higher lows on the Weekly support at $7,800-7,700. The potential bullish head fake setup on the 12H 1D has for now also failed. FA wise the bulls have the important May 2020 Halving where the reward gets slash from 12 to 6.5 BTC but that's 7 months away. But the bears do have now a wide range of patterns all converging to similar targets near $6,900-6,600, lets summarize them here quickly okay? 1. Bearish H&S reversal pattern from 10K-9K with target $6,800-6,600 2. Bearish H&S continuation pattern from 8K with target $6,900-6,800 3. Bottom of the mid-term falling wedge at $7,200-6,900 4. Blue Broadening Wedge short-term with target $6,700-6,600 > However to confirm the bear trend we need a lower low on the Weekly below $7,811 Bitstamp . > Otherwise if a higher low is set again say at or above $7,850, then we may go in sideways for at least a week till the CME Expires/Settles after October 28 and till we close the Monthly candle. If we do not see any breakdown after that time going into early November then we may see the bulls get another chance at the $8,290-8,330 and $8,416-8,570 resistance. If you appreciate the idea feel free to follow us here and on twitter and join our telegram channel.
BITSTAMP:BTCUSDShort
by BitcoinGuru
9
Ethereum November 2018 Comparison Points to Capitulation at $40Hello 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 at $62-55 with a wick to $48-40 in a similar manner while moving within the bearish parallel channel for a last 3rd leg down (3 Drive Pattern). As of now, the 1H 2H 3H 4H 6H 12H Bollinger Bands squeeze has spoken and in my opinion should confirm to the downside once news lows are made below $80 should the potential double bottom fail (see our bull chart in Telegram). The bears will seek for a proper capitulation of this market to punish the still hopeful bulls by selling off past the bottom of the green falling wedge and $84-80 support towards the target of the large red H&S we have been following for more than a month now. The target of the Bearish H&S is at $62-55 with a potential capitulation wick to $40-33. These areas would be ideal for a long-term investment in Crypto. I would be preferably investing there if the chance presents itself (same for ALTS). Note: We also have published the bull case on our telegram channel. Join us there to get more detailed updates. ETHUSD Bear Bull Scenarios Chart: ETHUSD Short-term Chart: See our Telegram Channel for the Chart (unable to post external chart links here!)
BITFINEX:ETHUSDShort
by BitcoinGuru
3
BTC potential H/SIn this post I compare potential HS now with HS which was in June. You can see reactions of MA77 and 231. Now we should make ABC correction down and by the past golden pocket would stop the move down and after that should finish RIGHT SHOULDER of HS pattern. Potential target for this pattern would be 5400+ (BitMEX price). Who want agressive entry should place buy orders on 0,5, 0,618 and 0,65 fib. retracement. That means entry between 3400 and 3600 USD. Your target can be 5400+. And stoploss? Under 3300 USD. I think RRR 1:6 is great.
BITMEX:BTCUSD.PLong
by taserface
Head and Shoulders still in play for a short.After a few days of an unconvincing rally on btc, it failed miserably to complete the upper part of the right shoulder at around 6800. Instead, it smashed its head at around 6650, which still makes our pattern valid, and has now finally broken a very clear, very defined rising wedge on the 4h chart, as marked by the arrow on the chart. About an hour after breaking, volume went dead, and EMA9 and SMA20 are very likely to end up crossing down, along with a MACD cross, which along with the already mentioned wedge broken, plus the H&S, give me a very clear setup to go short. Target is at least the las low, around 5850, but I will take profit at 6120 since there is a very old, very strong support/resistance line there. Good luck and safe trades. Remember, always trade with stop losses in place.
BITFINEX:BTCUSDShort
by Motrok