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Invertedheadandshoulders

4hr deathcross nears…can 2 bull patterns be enough to reverse itWe currently have 2 4hr chart bull patterns forming a little falling wedge bull pennant pattern(in yellow) and a potential small 4hr inverted head and shoulders pattern....a breakup at the right point from the falling wedge pennant could give the bulls enough breakup momentum to get above the neckline of the 4hr inverted head and shoulders and even potentially trigger it...if this were to occur we could see a brief trip back up to the 3950 range. However even if this were to occur I don't think the momentum will be big enough to prevent the 4hr death cross or even flip it quickly back to a golden cross...so while both these patterns may very possibly break bullishly I think the end result is still going to be a sustained 4hr death cross and a bearish drop in price action to go with it. If they don't break bullish and it just continues to break down from here then I think we may see a double bottom bounce at the 1 week chart's 200ma around 3260 or so...if we do break upwards and hit the inv h&s target of 3950 or so there may be enough fomo generated at that point to get above the neckline of the much bigger inverted head and shoulders pattern around 4k at this point...I could potentially see this setting a huge bull trap at this point and if we did inch above the neckline I think there would be such a spike in longs that it would set the perfect bull trap for a big capitulation candle inv h&s fakeout crash from there...one that could drop to 2.8-2.9k or possibly even lower. Of course I always gotta also factor in the slim possibility however that it could actually legitimately trigger that bigger inverted head and shoulders pattern as well and take us to over 5k but that seems very improbable at this point especially with the 4hr deathcross on track to happen in the enxt 8 hours or so. Of course with crypto nothing is impossible so I can't discount the possibility entirety. Thanks for reading and understanding this is not financial advice!
BITSTAMP:BTCUSD
by DrDovetail
INV. HEAD AND SHOULDER Reversal PatternAlso called a higher swing low trend reversal, an Inverted Head and Shoulders pattern is formed when price action within a downtrend traces a higher swing/pivot low than the previous one. The Inverted Head and Shoulders pattern can be formed because the sentiment that was formerly producing the downtrend is now possibly shifting and selling pressure is decreasing. Inverted Head and Shoulders patterns can be stronger when the price breaks above the "neckline", which is a trendline connecting the swing/pivot highs that created the inverse shoulders. Traders will often seek out opportunities to buy when confirmation in the form of a "neck-line break" occurs. A neck-line break for an Inverted Head and Shoulders pattern is the failure of a resistance area drawn from the two previous swing highs on the chart. Buy only when price will go above neckline! If you like my educative materials,Hit LIKE button ! Thank you,
COINBASE:BTCUSD
by CryptoC77
1
BTCUSD Bullish inverted Head & Shoulders formation, NOT!Hello Crypto-Traders/Analysts, BTCUSD has created an inverted Head and Shoulders formation lately; it is a bullish-reversal price pattern. However, the pattern has been violated recently by the price falling below the right-shoulder's level (intra-daily). As a result neither the inverted pattern, nor its failure, have been confirmed yet. That being said, i am leaning towards the bearish scenario because of the continued lower lows on both price and the SlowStochastic indicator. So, an ideal position would be a short when the price manages to breach below the $3,500 level. The expected target in the case of such formation-failure would be the distance between the neck-line and the inverted-head's trough; the mentioned suggests a price target of $2,450 (that is a 30% down from the trigger). Now, in case I am wrong (which I often am, according to my wife), proper Stop/Reverse-to-long on this opinion would be a price movement above $4,100, and looking at $5,250 as a target. Fellow Crypto-Traders/Analysts: please do not hate me and/or my bearish outlook on BTCUSD. I have no position in BTCUSD; as a result, I am indifferent whether BTCUSD goes up/down. *Always remember: this is an opinion, not a recommendation* May the trend be with you
BITSTAMP:BTCUSDShort
by Zman313
bitcoin bullflag looking more like a symmetrical pennant now The breakout targets are still roughly pretty close to eachother even though price action on the flag is now looking more like a symmetrical pennant. I anticipate a break upward from the pennant no later than tomorrow but possibly tonight. That will put us above the neckline of the inverted head and shoulder pattern...I'm still not completely confident we will trigger the inverted head and shoulder breakout but plan on having a smart stop loss should a fakeout occur.
BITSTAMP:BTCUSDLong
by DrDovetail
Dash ripe for a rebound; Potential inverted head and shouldersDash is experience a nice big green daily candle today which has allowed price action to climb back above the 1 day 50ma(in orange) We can see we also seem to be completing the right shoulder of an inverted head and shoulder pattern. I'm looking for a minor retrace here that retests the 1 day 50ma multiple times and keeps finding support there... if this occurs I will know that the 50ma(aka buy/sell line) has become solidified support thats when I will likely buy back in and then make my next decision at either the neckline of the inv h&s or if I see the price action somehow dip back below the 50ma and close 3 consecutive candles underneath it or solidify resistance. Judging by how the stochrsi on the daily is bottomed out and looks like it wants to start heading back upwards I'd say probability favors solidified support at the 50ma. Just my strategy of course if you are looking for financial advice you will have to go somewhere else as this is just my opinion. Thanks for reading!
Long
by DrDovetail
ADA BTC Breakout or Retracement? ADABTC now is situated into a falling wedge but if we zoom out a little we get a huge INVERTED HEAD AND SHOULDERS.But it will fail or not this inverted head and shoulders? Firstly,to can push this we need a BTC Stable/in upward mode :D and we need a lot of fuel and also volume because this 1250 it s a huge resistance of inverted head and shoulders(neckline). Stochastic RSI it s overbought and RSI it s priting a rising wedge which means will drop Macd also need to cool off I don t know where we heading,so i m out from this trade,i will wait a little to cool down.If we break from this inv. head and shoulder next target will be the 200MA around 1407 sats.
by CryptoC77
2
SONDA S.A.Chilean Stocks. Pure Technical Projection. In absolut downtrend seems to be painting a falling wedge that could last 2 or 3 more years to complete. Anyway, as usual, there're opportunities to trade. In this case, if 960 can support price above the cloud, a quick chance to the 1005-1025 is possible, and if price can breakthrough that range, price could rise to 1060-1070 and 1160 in a finall rally for the end of year . On the other hand, if the range 1005-1025 act as strong resistance, price could fall and will be possible to see a retest of the 915 support .
BCS:SONDA
by SolMar
diamond bottom now diamond kite bottom; same target as bull flagI see confluence in the current bull flags breakout target and the price target of the diamond kite breakout giving me confidence we will hit tis target...in order to do so we will need to break above the inverted head and shoulder neckline...while I think we will come within at least 1-2 pips of this price target I'm not so certain on whether or not we will actually trigger the inverted head and shoulder breakout....if we were to come close to hitting this target and then had a sudden huge whale dump right after the candle that reached the trget could still close under the inv h&s neckline and cause a fakeout/dump instead. I will be paying very close attention to the volume levels once we get near the price target...if we do indeed trigger the inverted head and shoulder pattern afterwards we can climb as high as 5.2k also a possibility we stay just above the neckline or dont even get above it before a dump. Best to consider all bearish and bullish outcome potentials to be best prepared for which direction it decides to ultimately go. I'm still anticipating one last capitulation dump candle but that could come immediately or not until we reach 5.2k it could even continue up one more leg after 5.2k before the capitulation dump and also a slight possibility capitulation has already happened...so best just to play the charts for their current condition instead of trying to be certain of thigns that are still speculation at this point.
BITSTAMP:BTCUSDLong
by DrDovetail
BTC/USD H4/D1 charts (1/8/2019)Good morning, traders. As I spoke about during yesterday's live stream, price made a final move down toward the H1 pivot before this morning's breakout of the flag, stopping just about $14 above it. The target is now $4342 based on the height of the flagpole. H4 chart: The aforementioned bull flag target should bring price up to the possible ascending channel's EQ. Just above it is the R2 pivot. The swing high that denotes the upper boundary of the D1 TR's resistance is right above that at $4409.77. I am expecting price to potentially get as high as $4540 before retracing a bit and then pushing higher, however these are areas of significance and could provide resistance for price as it does. That being said, price must first close above the swing high at $4090 before we can even look at price targets. D1 chart: RSI broke bullishly out of its symmetrical triangle as price broke out its own symmetrical triangle. Price continues to print similarly to accumulation schematic #2 (accumulation without a Spring) as I outlined a few weeks back in orange. I have outlined the expected movement based on this TR with orange once again. Price following this path would basically be a repeat of its move up from $3100. D1 volume should at least print higher than January 4th's volume which will provide the expanding volume that we need to see. A potentially strong move up may even see it print higher than December 28th's volume. We must remain aware of the diagonal resistance that looms just above price. This is the descending dotted black line and denotes the neckline of the possible IHS that may be printing. The grey price range tool provides the target based on the flagpole of the large flag that price recently broke bullishly out of and the green price range tool provides the target of the IHS if it plays out as such. We need to see volume expanding and the candle spread continuing to print large on the rallies to validate the IHS. Anything else makes that particular pattern suspect, but it does not invalidate the large flag. Every day, we have a choice to act positively or negatively, so if you get a chance, do something decent for someone today which could be as simple as sharing a nice word with them. You just might change their day, or even their life. Remember, you can always click on the "share" button in the lower right hand of the screen, under the chart, and then click on "Make it mine" from the popup menu in order to get a live version of the chart that you can explore on your own.
BITSTAMP:BTCUSD
by Chris_Inks
2
BTC/USD H4/D1 charts (1/7/2019)Good morning, traders. As suggested was most likely on Friday, volatility came in and Bitcoin moved up over the weekend. Many traders were caught off guard as they expected price to drop (a symptom of the corrective market whereby traders expect every rally to fail). H4 chart: We can see that price broke upward out of the symmetrical triangle. The target based on the widest part of the triangle is denoted by the red price range tool at around $4275. Price is currently printing a bull flag with a target of about $325 above the point of breach based on the height of the flagpole. Breaking out during this candle or the next should align that target with the R2 pivot which is just under the TR's upper resistance. D1 chart: RSI broke bullishly out of its symmetrical triangle as price broke out its own symmetrical triangle. Price continues to print similarly to accumulation schematic #2 (accumulation without a Spring) as I outlined a few weeks back in orange. I have outlined the expected movement based on this TR with orange once again. Price following this path would basically be a repeat of its move up from $3100. We will take a look at this repetition during this morning's live stream. But we must remain aware of the diagonal resistance that looms just above price. This is the descending dotted black line and denotes the neckline of the possible IHS that may be printing. The grey price range tool provides the target based on the flagpole of the large flag that price recently broke bullishly out of and the green price range tool provides the target of the IHS if it plays out as such. We need to see volume expanding and the candle spread continuing to print large on the rallies to validate the IHS. Anything else makes that particular pattern suspect, but it does not invalidate the large flag. Every day, we have a choice to act positively or negatively, so if you get a chance, do something decent for someone today which could be as simple as sharing a nice word with them. You just might change their day, or even their life. Remember, you can always click on the "share" button in the lower right hand of the screen, under the chart, and then click on "Make it mine" from the popup menu in order to get a live version of the chart that you can explore on your own.
BITSTAMP:BTCUSD
by Chris_Inks
inv h&s breakout on LTC. Could lead to 1day golden cross + c&hCheers to my friend @XPCollector7 for bringing this one to my attention. We can see Litecoin is now triggering an inverted head and shoulder pattern that will, if we can maintain support above the 1 day 200ma(in blue), continue much further upwards from here...the next big line of resistance is the turquoise horizontal line here but the inverted head and shoulder breakout target has us going well above that. that same horizontal line could be a rimline for a fairly large cup and handle pattern so hopefully we do reach the full inverted head and shoulders pattern as it would likely trigger a cup and handle breakout too. We can see that if we continue this bull momentum to that range the trajectories of the 1 day 50&200mas suggest a 1 day golden cross could be well on the horizon which would lead to even more upside. Currently however the 1 day stochrsi is nearing the overextended zone which may see the price consolidating sideways a bit until it can cool off the stochrsi for more upside...however I think the stochrsi currently has enough upward room left to maintain support above the 1 day 200ma which is crucial in order to trigger all the other bullish possibilities. Of course this is all just my view on it and not financial advice but I do thank you for reading and wish you all the best of luck with whichever strategy you decide to execute.
Long
by DrDovetail