Shoulderheadshoulder
NEIRO forming an head and shoulder patternWe need to watch closely for NEIRO what he is going to do. Looks like it is forming an shoulder head shoulder pattern so that might cause more dump.
Also if BTC can stay above the 48K we might see growth, but we need to watch out for the "Death Cross" on BTC, more dump is also something we need to think off.
Trade carefully. This is no financial advice, always do your own research
Turbo is trying to tell us somethingDear Reader,
Turbo seems like to forming a potentiol inversed shoulder head shoulder pattern. We need to wait for rejection on the neckline to make the right shoulder and then wait for breakout on the neckline.
BTC is unstable at the moment, it rejected from a little support zone around 62.3K but due to the war we can have more problems then we know of. Also BTC looks like it is making an Shoulder head Shoulder pattern in Bearish way, this might be a big problem but we need to watch for that. I will recommend the BTC chart in this one so u can look at it.
This is no financial advice, always DYOR.
What are your thoughts?
BTC potentional shoulder head shoulderWe need to watch BTC closely. Even tho it seems like BTC will close with a beautifull Bullish hammer we still need to be carefull. We can see growth for a shoulder head shoulder pattern for BTC. Due to war around the world it seems not dumb that we will get this.
Also The simpsons predicted a lot, even about BTC going to make new highs this year. So we have 2 situations, either way we getting a shoulder head shoulder, this will be a problem. Or the simpsons are rights and we will see new highs.
Yes I do live as an Aliën dont mind me.
This is no financial advice, always dyor.
What are your thoughts?
Inverse Shoulder Head Shoulder NOTNOT gives me a sign of a inversed Shoulder head Shoulder pattern, this will be big if this is going to end like it. NOT can have big upward movement if it can get over the neckline.
Make sure u have a seatbelt on, so u dont miss the flight.
This is no financial advice, Alwayd DYOR.
What are your thoughts on NOT?
Will NOT give us an inverted shoulder head shoulder?It seems like NOT might go back down a bit to give us a inverted shoulder head shoulder pattern, if it is then this can work really great for all of us.
Keep an eye on NOT, it can be to late without even knowing.
This is no financial advice, always DYOR.
What are your thoughts?
Litecoin LTC is not looking goodAlthough I’m bullish on most alts in medium term, Litecoin is looking pretty weak at this point. It seems a shoulder-head-shoulder pattern is forming on the weekly timeframe, indicating a move down back to approximately $25. Just putting this out here to see how it turns out.
BTCUSDT 1D is remarkable bull up for last chanceBased on observations using technical analysis such as the Ascending Broadening Wedge, the bitcoin market still has the potential to rise to quite an astonishing number of 36200-38800 by forming a parabolic super sonic. But normally Bitcoin target is 33800-34600.
Bitcoin will be officially bearish if it hits 27300 with a dump target of around 24K and 22K
USD/JPY: Shoulder Head ShoulderIn this update, I definitely closed up the short and keep away from this trade as we don't see any bearish signal, of course, we see a possible formation of Shoulder Head Shoulder and maybe, we would to hope that price action develop and make this break out to buy in the pull back following the blue arrow model. By the contrary, will be bearish following the red arrow model.
But, you will need to hope the next formation up.
Good luck!!!
EUR/GBP: Two scenario; possible tradeIn this analysis, Euro/Pound look bullish based my perspective what I see this market trap. And also, we can to ask if this it's a sell imminent, but not yet, this it's a market trap and also I will share some points here why Euro will go bullish in front of Pound.
Fundamental Analysis:
1) Euro and Pound rose against the safe haven Dollar on Monday, supported by a risk on sentiment across markets as investors digested positive eurozone data and looked to cash n on the strength of the U.S. Dollar
2) A survey showed on Monday that investors morale in the euro zone improved in November, and reflecting hopes that recent warmer temperatures and falling energy prices will prevent gas rationing on the continent this winter.
3) Germany should hike taxes on rich to finance relief packages.
4) Euro Zone investors morale up for first time since August 2022
Fundamentally, based this correlation with Euro and Sterling Pound, we see that investors seem to be some optimistic with eurozone data in the past week that ECB President Lagarde spoke. And also, Germany's economic advisory council will recommend the government raise taxes on the wealthy to help finance the multi-billion euro relief packages it has agreed to fight the energy crisis, What I think it's that German government may to raise taxes on rich to finance a multi-billion program to fight the energy crisis that whole Europe has since began of this year.
Technically, it's bullish for Euro. Now talking about technical analysis, we could to form a possible Shoulder Head Shoulder or Double Top?.
We see in this screenshot two possible scenario that I mentioned above, and EMA 200 make support exactly where the price make reaction. What in case if we get a Shoulder Head Shoulder (to be complete), we would need to valid this reaction point from $0.8738 GBP, if in case that fall and broke up, we can to watching a Double Top after of this validation to be complete. What it's very important to read the price action always.
Meanwhile, in Daily timeframe we see this perspective that Euro want to make a supply zone into this range, if we see, still bearish in this bearish channel, but it's not matter to keep watching what happen.
Good luck in this long position!!!