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Huge BTC Rally poised for Valentines Day if inverse H&S confirmsAll of our major trend lines are converging. And the point at which the two most dominant uptrend and downtrend lines intersect with one another ( the uptrend line from $1250 from June 2017 and the Downtrend line starting from 20K from January 2017) — the point at which they intersect also happens to be exactly where this current inverse head and shoulders would confirm its breakout from the shoulder line. Also! In the event of that confirmation, we would expect to see the 50 Moving Average and 200 Moving Average on the Daily Chart to form a golden cross at this convergence point as well. All together, this makes the confirmation of this current Inverse H&S a tremendously important event and will very likely be the start of a significant bull rally. I would expect this to occur in the next 2-3 weeks. However, as a result of this, as the exact bottom of shoulder 1 isn’t exactly clear, we may test as low as 7800. Although, its possible we’ve already completed the bottom of the second shoulder. — Just be aware this is a possibility. And in the event shit gets crazy and the inverse H&S ends up being invalidated, this will likely move sideways until it meets the wedge of the minor up and downtrend lines- and at that point be forced to make a move. And its important to note that we are currently in a sort of neutral zone. Anything below 7425 would put bitcoin in control by the bears and anything above 9415 would put the bitcoin in control by the bulls Update idea
BITMEX:BTCUSD.P
by Raqix
1
BTC (Y19.P2.E19).If this is bottom, here are the requirementsThere is still a change but ever more less likely. Still one of many scenario's we can't just ignore. Using the fractural of from late 2018 (3 to 4K) which started in November until March 2019 was the bottom range and one would expect some sort of resemblance for this to occur again. So looking at the current scenario, there is still some change, with these requirements on the chart to fulfill this, hence why I'm keeping an eye on it. My thoughts > > The adam component was done nicely however the follow through cup\eve broke and a inverse pattern seems less likely with the current formation on the 4 HRLY. However things can change as I would imagine selling off is getting tired. > If 6500 was the bottom-in and the low 7K were to be the bottom range, then one would look for lower highs or some inverse patterns of some sort (eg. Double \ tripple \ Cup formations). > The RSI has confluence with the price chart to still support this case. If the price ends up above the main resistance, I would expect many will jump in and create the next bull momentum.
by ssari
INVERSE HEAD AND SHOULDER (CONTINUATION)another case of an inverse head and shoulders price continuation, price to push back to 0.63493 to find support (AS PRICE DOES ALWAYS AND SHOULD) this is the anticipation. if reversal to happen at that point. T.P.1- 0.64399 safe place or set .P.A to watch if the Case is that price will continue upwards (and you have the patience to wait for T.P.2@- 0.65381 sweet place there...... P.As and P.Os should always be carefully considered and patience plays a big part in placing them and protecting that sweet and vulnerable account. good trading and what not
Long
by webster.robesten
Watch out for Ancient Mama BearHello Again fellow Traders! Once again, it's time for some simple Analysis as there has been some recent Developments in the PA which might help Confirm Macro Bias As you may or may not have seen from my Previously posted simple Analysis in which I go to show the breaking of the Macro Parabolic Advance followed by the Retest and the Failure it is now mirroring into lower Time frames as well and we are believe it or not now creating Inverted Parabolic support. As i'm still learning about how exactly Parabolic curves function in each and every Scenario I'm not able to clearly forecast the outcome of this BUT It is Clearly visible in this Exact chart that the Past PA which Painted this Type of I-Parabola Support Broke down once we reached the Top of the Curve. This leads me to the suspicion to believe that the currently forming "ascending triangle" is not actually Bullish but much rather a Bulltrap. If I am correct, I expect the current Price to continue moving inside of the tightening range, then wick to the Top of the larger Curve on a Fakeout and get massively rejected breaking the smaller curve we currently hold as support. I have taken Profit on my Last short & Entered a scalp long from the recent Drop @10175 XBTUSD My TP is 10300 & SL 10169 Once we reach 10300 I will enter shorts once again with SL@ 10401 & TP@ 9880 Good Luck to you all :) Still hoping we break Bullish deep Inside.
BITMEX:BTCUSD.PShort
by fab-e
The inverse correlation GOLD vs OIL 08:10 05-Sep-19.LOG The inverse correlation GOLD vs OIL 08:10 05-Sep-19 Gold can be used for speculation but is preferred as a safe haven. Crude, on the other hand, can be used as a store of value but is preferred as a speculative play. This combination makes these two assets work great together as mutual hedges. Gold helps offset the risk of higher uncertainty, while oil can take advantage of market moves. Broadly speaking, you could say that gold and petroleum are inversely correlated. There are a couple of major caveats to add to that notion. The first is that more nuance allows for more sophisticated trading. The second is that there is more to oil prices than just the market. born2invest.com Understanding Intermarket Spreads: Platinum and Gold www.cmegroup.com Basics of Futures Spread Trading March 5, 2011 by Craig Turner www.danielstrading.com
OANDA:WTICOUSD
by DORMAN5
The inverse correlation GOLD vs OIL 16:13 04-Sep-19.LOG Gold can be used for speculation but is preferred as a safe haven. Crude, on the other hand, can be used as a store of value but is preferred as a speculative play. This combination makes these two assets work great together as mutual hedges. Gold helps offset the risk of higher uncertainty, while oil can take advantage of market moves. Broadly speaking, you could say that gold and petroleum are inversely correlated. There are a couple of major caveats to add to that notion. The first is that more nuance allows for more sophisticated trading. The second is that there is more to oil prices than just the market. born2invest.com Understanding Intermarket Spreads: Platinum and Gold www.cmegroup.com Basics of Futures Spread Trading March 5, 2011 by Craig Turner www.danielstrading.com
OANDA:XAUUSD
by DORMAN5
The inverse correlation GOLD vs OIL 12:38 03-Sep-19.LOG The inverse correlation GOLD vs OIL 12:38 03-Sep-19 Gold can be used for speculation but is preferred as a safe haven. Crude, on the other hand, can be used as a store of value but is preferred as a speculative play. This combination makes these two assets work great together as mutual hedges. Gold helps offset the risk of higher uncertainty, while oil can take advantage of market moves. Broadly speaking, you could say that gold and petroleum are inversely correlated. There are a couple of major caveats to add to that notion. The first is that more nuance allows for more sophisticated trading. The second is that there is more to oil prices than just the market. born2invest.com Understanding Intermarket Spreads: Platinum and Gold www.cmegroup.com Basics of Futures Spread Trading March 5, 2011 by Craig Turner www.danielstrading.com 08:48 03-Sep-19
OANDA:XAUUSD
by DORMAN5
Update: Cardano Almost there (New Resistance & Support)We almost reached our IH&S Target of 1900 Sats Today. Target was reached way earlier then i expected. Which means there is more room for growth before ADA summit on 17th-18th april. If we Break 1900 sats in few days and close above it then we may go towards 2400. If BTC helps Ada may also reach 3k Sats very soon. Positive Signal: 50 EMA Crossing 200 EMA on daily chart. Negative Signal: Weekly and daily RSI|STOCH RSI Overbought. (It may stay Overbought for long period especially when bulls are in Control.) Retracement Level: Cardano have had very good last few weeks. It may retrace a bit which will be healthy correction. I am expecting a retrace towards 1700. If this level breaks, 1530 sats should hold. If you were around in last ADA Bull Cycle then you may have noticed that ADA just pumps and stays there for few days and pumps again. Last Bull cycle was from 300 sats to 9k sats and all this happened within 40 days of time. Good luck trading Ada.
Long
by Div_Trader