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Reverseheadandshoulders

TRUUSDT has formed Reverse Head & Shoulders, A sigh of Reversal Welcome back Traders, Investors, and Community! Hi Traders, TRUUSDT on the H4 formed a reverse Head & Shoulders. We also have a Bearish Resistance above the Neckline. So if the price broke above the Neckline and the Bearish Resistance, I would expect to go to another major Bearish Resistance just above 0.26 Another possibility is that the price would make a Pullback at 0.149 before it starts going higher. On the H1 we have a better resolution of price action. Price has broken above the Neckline and has retested the it So at this moment we have a confirmation that the price might go higher to 0.202 and then to another major Bearish Resistance just above 0.26 Traders, please hit the 👍 LIKE button if you like this idea and if you have your own opinion about this, please write it in the comment box. We will be glad for this. ⬆️Buy at Resistance Breakout or Buy at 0.149 ⭕️SL @ 0.12 ✅TP1 @ 0.202 ✅TP2 @ 0.26 ✅TP3 @ 0.34 We will have more FREE forecasts in TradingView soon ❤️ Your Support is really appreciated!❤️ Have a Profitable Day
Long
by Fibonacci-Signals
Bitcoin Analyze (Technical & Fundamental)!!!Technical: Bitcoin Analyze ( BTCUSDT ) Timeframe Daily ⏰ Location: Bitcoin's Correction has started around 64200$ (The Corrective structure is Zig Zag 5-3-5 ). If you followed my posts, we found End of microwave 4 of the main wave C , but it was wrong because counting waves can change (We saw fake break). if price can break Support ( 31620$ until 30960$ (Support + Cluster of Fibs)== Heavy Support ) , I can say that The end of microwave 4 of Main wave C was at 41330$ , otherwise, probably microwave 4 will be the complex type (WXY_WXYXZ). Microwave 2 rested on Price , and now we can see microwave 4 is resting on Time . Patterns : Bitcoin was able to make Descending Triangle , although this pattern broke by a Reverse Head and Shoulder (Pay attention to Point E ), but this break was fake (probably, because of BAD news on market). in addition, if we lose this support ( Support zone: 35288$ until 34820$ (Support + Cluster of Fibs) == Light Support ), the price can make Bullish Shark Pattern near Point F. Point F will be a critical point for us, better, I had to say that market will decide to go UP or DOWN . UP = still microwave 4 is running // DOWN = we are on microwave 5 and we have to try to find the end of this wave. Also, Moving Averages MA200 & MA50 Passed from each other Yesterday. RSI Analyze: if you see 👉 RSI is running on Descending Channel 📉 and we can see a Fake break on RSI too. Bitcoin Long-term Analyze ( Monthly Time frame)📆: Please read this post 👉 I tried to show you our Resistance Zones & Suppor Zones that we have in front of Bitcoin . Resistance zones & Suppor Zones on Bitcoin's way (Respectively): Resistance zone : 39450$ until 39506$ ( Resistance + Cluster of Fibs )/== Light Resistance Resistance zone : 41340$ until 40800$ ( Resistance + Cluster of Fibs ) == Medium Resistance Resistance zone : 42250$ until 4225$ ( Monthly Pivot Point + Cluster of Fibs + Fib circle )/ I don't think that Price can break this zone just with one test .== Heavy Resistance Resistance zone : 44280$ until 44071$ ( Bullish Flag Pattern's Target + Cluster of Fibs ) == Medium Resistance Resistance zone : 46186$ until 45320$ ( Resistance + Cluster of Fibs + Yearly Resistance 2 + Reverse Head and Shoulder's Target ) == Heavy Resistance Support zone : 37596$ until 37267$ ( Yearly Support 1+ Cluster of Fibs + Necking line ) == Heavy Support Support zone : 35288$ until 34820$ ( Support + Cluster of Fibs ) == Light Support Support zone : 31620$ until 30960$ ( Support + Cluster of Fibs ) == Heavy Support Fundamental : Unfortunately, we don't hear Good news about the market, I want to say some of the Bad 😕news that we received these days: Sichuan Becomes Latest Chinese Province to Order Bitcoin Miner Shutdown ⚠️😕 UK Bank TSB Set to Ban Crypto Buying Due to E-Wallet Scam Concerns ⚠️😕 Bitcoin Fund Holdings Hit Four-Month Low ⚠️😕 Dollar Currency Index is growing up , look at DXY compare with BTC , Most of the time They are moving against each other👉 Gold Index came back to Descending Channel 📉, It can NOT be a good sign for BTC 👉 My Suggestion: please do NOT buy Coins for Midterm and Long-term investment until the market finds a way. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy , this is just my idea, and I will be glad to see your ideas in this post. Please do not forget the ✅ 'like' ✅ button 🙏😊 & Share it with your friends, Thanks, and Trade safe.
by pejman_zwin
18
BTC Analyze (Play with Pitchfork's Lines + Fib Circle)Hi, I am coming with a similar chart ( Post Topic: 🥊 All ways for Bitcoin 🥊 /Link of this post had a problem👐) but I changed some items. Bitcoin Analyze (BTCUSDT) Timeframe 4h ⏰ (sorry for the busy chart, but my chart needed these lines). Live: BTC was able to increase 📈 until 41330$ , and then it started to decrease 📉 until our Necking line == We saw Pullback or Fake Break ❗️❓ Location : Bitcoin's Correction has started around 64200$ (The Corrective structure is Zig Zag 5-3-5 ). If you followed my posts, we found End of microwave 4 of main wave C ( 40840$ on Descending Triangle ). after that we had to find the end of microwave 5 of main wave C ( End of our correction ). If the price goes UP over 42400$ , I can say that the end of microwave 5 is 33179$ ( Point D on our chart), also we are on 5 new impulsive waves. Otherwise, microwave 5 will be the complex type (WXY_WXYXZ). Patterns : Bitcoin was able to make Descending Triangle , but this pattern failed by a Reverse Head and Shoulder (Pay attention to Point E ). At our Triangle, I found a Reverse Head and Shoulder Pattern + Bullish Flag pattern ( Inside of our triangle ) + Hammer 🔨 Pattern at TRZ (Time reversal Zone) Until NOW , we have to wait and see how will it close?. Also, if you are watching My Pitchfork's Lines & Fib circles , you will know that these tools are working well on my chart. I tried to find the next movements by my Pitchfork's Lines & Fib circles & Resistance Zones+ Support Zone. As I said at this post: I do not expect that BTC will start 5 new impulsive waves soon. Good 👍 news and Bad 👎 news are near. In addition, I tried to show you our Resistance Zones & Suppor Zones that we have in front of Bitcoin . Resistance zones & Suppor Zones on Bitcoin's way (Respectively): Resistance zone : 39450$ until 39506$ ( Resistance + Cluster of Fibs )/== Light Resistance Resistance zone : 41340$ until 40800$ ( Resistance + Cluster of Fibs ) == Medium Resistance Resistance zone : 42250$ until 4225$ ( Monthly Pivot Point + Cluster of Fibs + Fib circle )/ I don't think that Price can break this zone just with one test .== Heavy Resistance Resistance zone : 44280$ until 44071$ ( Bullish Flag Pattern's Target + Cluster of Fibs ) == Medium Resistance Resistance zone : 46186$ until 45320$ ( Resistance + Cluster of Fibs + Yearly Resistance 2 + Reverse Head and Shoulder's Target ) == Heavy Resistance Support zone : 37596$ until 37267$ ( Yearly Support 1+ Cluster of Fibs + Necking line ) == Heavy Support Support zone : 35288$ until 34820$ ( Support + Cluster of Fibs ) == Light Support Support zone : 31620$ until 30960$ ( Support + Cluster of Fibs ) == Heavy Support My Suggestion: If you find Triggers for buying bitcoi n, please DO NOT buy your fund just in one step , enter in your trade with 2 or 3 steps // if you want to find Triggers for Long positions, you can concentrate on TRZ and Support zones ( for example over my Hammer pattern ) // Also, you can watch my Hypothetical ways , I will try to update. Again sorry for the busy chart, if you have questions, please write them below this post. (If you like my explanation, please like✅ my post. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy , this is just my idea, and I will be glad to see your ideas in this post. Please do not forget the 'like' button 🙏😊 & Share it with your friends, Thanks, and Trade safe.
by pejman_zwin
3
ETH Reverse Head and Shoulders-- LONGI think Ethereum is ready to buck this recent downtrend on the basis of a reverse head and shoulders. We've been trading sideways for a while in a compressing pattern and until we make a confident break of this sideways action, you have to expect that we will oscillate. In addition to approaching the recent local bottom of 2280ish, this looks like a perfect opportunity to form a reverse head and shoulders and force the bears to cover their shorts. TP1: 2630 (+9.3%) -- neckline of reverse H&S TP2: 2830 (+17.7%) -- higher target if we breakout above the neckline Published trade statistics: Win Percentage: 6/7= 86% Avg Gain on Wins: 12% Avg Loss on Losses: -20% Weighted Avg P/L % : 7.81% Pending Trades (including this post): 2 - Sultan of Chart *This is not financial advice*
COINBASE:ETHUSDLong
by Sultan_of_Chart
6
ADAUSD BullishFirst of all, we can identify a reverse head and shoulder. Bullish sign. Then, the green line is crossing the red which means price going up (in the 4H). But the most important thing is the blue line crossing the 50 level in the daily, which means big expansion incoming. As the red and the green line are above the 50 lvl (in the daily) the ODD that the expansion will be upward is very high. Add the formation and we are ready. To enter the trade i would suggest to wait for the price to break the neckline. But be careful, it will be a very energetic movement, imo.
KRAKEN:ADAUSDLong
by Alecto
Cryptos are about to REBOUND - BTC, ETHI believe cryptos are about to BOUNCE, driven by BTC bouncing off the lower trendline for a ≥11% move. Bitcoin just completed a H&S that took us from $41k to $33.5k and is at a crucial decision point for the next big move. What gives me confidence is that ETH is forming a reverse H&S that goes back to the initial crash on May 19. We’re sitting just above the $2200 mark which acted as support on the left shoulder. We’re forming our right shoulder but it’s tough to say if this is the bottom or if we need one more dump to get BTC out of the triangle. I believe it’s wise to buy here and add more if BTC breaks the triangle which would force ETH to fall too. I think demand is too high for us to retest the lows before a significant bounce but it is possible. I’m looking for about 11% from BTC and 25% from ETH from these levels. Best of luck, all. Sultan of Chart Published trade stats: Wins: 4 Average gain on wins: 10% Losses: 1 Average loss on losses: -19% Wtd Avg Trade P/L: +4.2% Pending: 2 (including this idea)
BINANCE:BTCUSDLong
by Sultan_of_Chart
2
ETHUSDT Analyze (Short term)!!!I have to publish this idea fast, because this analyze for Short term . We passed the corrective structure and now we are on a new impulsive wave . If you pay attention to my chart ( ETHUSDT PERP ), you can see a Reverse Head and Shoulder Pattern on the end of microwave C and it was a sign for reverse. My Suggestion : you can Find the best Triggers for open Long positions. Take profit 1: 4143$ -4197$ Take profit 2: 4292$ - 4375$ Do not forget to put Stop loss for your positions (For every position that you want to open). Please follow your strategy, this is just my idea, and I will be glad to see your ideas on this post. Please do not forget 'like' button :) & Share it with your friends, Thanks and Trade safe. Good luck
Long
by pejman_zwin
3
GNOG - One more trialPreviously, I stated that we see a reverse head & shoulders despite people calling it is normal head & shoulders and I was proven right as after last shoulder we followed the black line I have drawn. Now once again, we arrived at the critical point, the bearish resistance upper channel (blue line). We have tested this part before and couldn`t break it. Once again this blue line intersects with MA, making it even a harder point. If we break, we are clear in the woods and bullish move will be confirmed. If we come back from this resistance then we will draw smaller zigzags and see a closing triangle. I am bullish on the company and long.
GLong
by S5_Trading_Desk
USD/CAD Reverse Head and Shoulders! Let's go to buy!I believe that we have finally reached the end of this long uptrend, and ending this accumulation phase with the explosion of the Head and Shoulder Pattern, reaching 1.29037 if we count the breakout from the current point, or a little lower if the Throwback occurs. In any case, the hypothetical final achievement (if fundamental analysis does not bring about worrying news) will be about 1.31008. Stay up to date Credo che finalmente siamo arrivati al termine di questo lungo trend rialzista, e terminando questa fase di accumulo con l'esplosione del Pattern Testa e spalla, raggiungendo 1.29037 se contiamo il breakout dal punto attuale, o poco più giù se avverrùà il Throwback. In tutti i modi, il raggiungimento ipotetico finale (se l'analisi fondamentale non determina notizie preoccupanti) riguarderà il 1.31008. Restate aggiornati ****** They are not financial advice but just personal ideas ******
Long
by selvaoscuras
$GNOG - Reverse SHS formationInitially from the fist part, I thought it was a double bottom W formation and it worked till 16$ but couldn`t break the blue line that`s the resistance and went down again. The good thing is it found the same resistance yesterday at 13.55 which is the bottom on the first wave. Hence I firmly believe, as you can see from the black line I draw, we see a reverse shoulder head shoulder formation. To confirm this, we need to see green till end of the weak and stay above 13.55. Reverse SHS is the mark of trend reversal. With this formation if it occurs, I think we can say the bearsih move Gnog was in since December will change. The only risk is S&P 500 and NASDAQ are coming down from their peak. This might limit the ascend of GNOG I expect but GNOG already had its correction so downward way is limited.
GLong
by S5_Trading_Desk
COMP Inverse H&S BreakoutCompound looks to be another alt that is experiencing a neckline breakout from an inverse head and shoulders pattern. It looks like a slight retracement is now occurring which has the potential to break down below the neckline still, however, assuming the trend continues, it has a bit of potential upward as indicated by the head to neckline length extended after the breakout (dashed blue line). There is a similar breakout occurring against COMPBTC, so it looks like there is some potential to outpace BTC over the next few days as well if the breakout continues. I suppose we shall see soon if the breakout becomes more definitive in the next day(s) or so.
COINBASE:COMPUSDLong
by crypto_trends
3