Bitcoin time machine. Two scenarios If H&S that forming will fail, we have a "plan B". It's too similar to ignore it. Look at 4H Ichi for the short signal
Shoulders
Shoulder head shoulder breaks on XAU/USDAs predicted: in a bullish environment for USD, with XAU/USD under big resistance, the SHS pattern breaks and gives a downward signal
BTCUSD BULLISH Head Shoulders Knees and Toes patternSo for the traders among us that were children in the past, there is this song which goes:
Head, shoulders, knees and toes, knees and toes <---
Head, shoulders, knees and toes, knees and toes
And eyes and ears and mouth and nose
Head, shoulders, knees and toes, knees and toes
So naturally, we should see a head shoulders pattern again
NTLA - Inverse head & shouldersAn inverse head & shoulders pattern formed in the charts of Intellia, a company developing CRISPR gene-editing therapy. While CRISPR has not been approved to begin human trials in the US, it has already been tested on over 80 patients in China.
Target: $31 (previous closing high), or long term hold
Stop: $18 - $20
Why 14000 could be bearish for BTCHead and shoulders, but on a sloping line.
If BTC reaches 14000 and fails to push through then it could be abiding by the down trending channel and not the Schiff Pitchfork
You can see this pitchfork on some of my posts from several days ago. It continues to be very accurate. a breach of this will be very significant.
Each bounce within this fork is smaller and smaller.
A short opportunity may present at 14000.
I will update later
Ripple (XRP): Head and shoulders pattern formationAfter support failed between 17k - 18k satoshis I think we are heading back down to the neckline to finish off classic head and shoulders pattern.
I will keep this updated.
#BTC Amateur ChartingI know very little, maybe I know a little. I'm posting this one for putting myself out there and two because I want to get better at the technicals of trading in this sentiment driven market. Please be as ruthless as you want, cheers and happy trading!
-crowd
Bitcoinausaurus about to wake up!A little messy but definitely starting to look like an inverse head and shoulders getting ready for it's reverval....
Booom! hehe... take your time Bitcoin!
Short Term Bullish UpturnWait until we reach the support line of the right shoulder at 1300.
Possible buy opportunity with low RSI for short term long position.
Hold for approximately 25-30 Hours depending on the moment of the bullish upturn.
Take Profits at 15800
BTC make it or break it - possible head & shouldersWe have a possible Head & shoulders pattern forming on the 4h chart. We know BTC doesn't follow usual patterns, but we also know we're in a descending trend, so this time, it may surprise us.
We're currently at the 200 MA, if it breaks support and goes to 13k, prepare your wallets for a buying point.
What do you guys think?
ETH SHORT - Gann Fann analysis (Head/Shoulders)Pretty simple and straightforward Gann Fan analysis.
There is very visible resistance in the market. Wait until signs of trend reversal from the right shoulder, then short.
USDJPY H&S ReverseAlong with upcoming events the head and shoulders shows a high potential for a secure long sell position against the Yen.
I would sell upon the confirmation of the right shoulder. I will post a clear signal once the shoulder fully forms and continue on the reverse of the trend.
BTC 1 month trendlineAnalysis with dozens of possible influences taken into count.
Lot's of variables are used to predict this.
USDDKK Head and ShouldersThere is a Reverse Head and Shoulders pattern in the USDDKK. This could be confirmed by breaking through the neckline
Bitcoin BTCUSD Watch out for potential Head and Shoulders hereBitcoin BTCUSD Update
If you got long again at the ridiculous hour of 11.30 pm est you're hard working and deserve your 400 points reward.
Weirdly the crypto chat room was quite quiet with a guy from
London waiting for the BCH burst to top out so he could bail out and fade the consolidation. London's finally catching on.
2018 will be so fascinating and fast moving. It's good for competition, good for spreads and good for us therefore, in
time. Now, finally people are taking BTC very seriously. So many Bitcoin jobs to be created now. How long for though? No
one can answer that one for us but if anyone will know in advance it will be GS. And the chart. Until that day comes we
ride this like nothing has ever been ridden before...in the entire history of speculation. Ever. We are alive for it. Wow
Right now Bitcoin is trying to track huigher but is, weirdly, being contrained on the upside by an old parallel from way
back in the mists of time (hell, it's 14 days old - that's 2 years in FB time!) - and yet it's clearly back in play once more,
stopping the rallies. Another nice day in prospect for day traders but not much for others right now. It's trying to hold a
newly forming little parallel off yesterday's lows and needs to keep holding up there or we have a danger of a head and
shoulders forming here off the top, with a neckline at 15809 and a minimum downside target at 14210 if it gets broken.
Time will tell but right now this is not a very strong pattern, except for day traders. Unless you look to short if head and
shoulders gets completed later on, as above.
GBP/AUD Possible H&SPossible H&S ? Can we see a fall down to 1.68919 support line ?
Please tell me if this even counts as H&S, I will be very grateful.
Any objections/suggestions are welcome.
Bicoin: BTCUSD Reverse head and shoulders now clearerBitcoin Update
The reverse head and shoulders pattern is clearer now..
Right on the breaking point now and therefore vulerable to a
failure here...but it looks good so far...
Because the H and S pattern is clearer it also gives a clearer
measurement target on the upside once 7425 is beaten: 77333
is the minimum measurement implication of this break, if and
when it occurs so it should be worth following.
It would be helpful if it came back to 7350 (if 7350 gives way
at any point it could spike down to 7290 -7280 at absolute
worst so we have be wary with stops, not to get taken out of
a good position on a spike - the worst feeling in world, being
right, but still losing money...that is the worst kind of pain,
the worst kind of loss. Better to be outright wrong!)
Still a battle going on at the neckline now ...if it now breaks
higher from here, obviously that shows real strength
again...follow it. Otherwise we wait and see if we can get in
from lower down at 7350, maybe even 7300 on a spike (put in
order in and see if it gets hit...this is what causes those pin
bars!!!) - but we'l have to leave the stop below 7250 to begin
with if struck to avoid getting hit.
Otherwise we trade breakout on upside when it comes. Good
luck and be careful with stops!
Possible Head and shoulders on the EUR/GBPI see a possibility of an H&S pattern on the Eur/Gbp 4 hour chart, looking towards going bearish when it breaks the second blue trenline.
