A Wedge In Shoulders Clothing.H&s that braks down to negative 20 cents or a falling wedge thatha sa breakout that isn't a negative number...I'm siding with the falling wedge on this one.
Shoulders
Smells like a fakeout…Looks like a fakeout…Is that the fakeout?Here on the XRPUSD 1day chart we have a pattern of a massive head and shoulders on xrp formed conveniently during a downward trend with a breakdown target of negative 20 cents. The Stoch RSI also bottomed out and is ready to travel upward again so there's not enough bearish momentum available to warrant such a breakdown. The downtrend makes it very unlikely a good head and shoulders because the h&s chart patterns that get validated are usually ones that act as reversal patterns at the top of trends not continuation patterns.Sure there are rare exceptions of when a continuation h&s happens but in reality those are just failed patterns that didnt trigger in my eyes. Still with it looking so obviously like a fakeout it makes one wonder if the whales are trying to fake us out with a fake fakeout...thats the only way I see something like this triggering. On the bitfinex chart this pattern is invalid but It appears to be valid for now on bitstamp,coinbase,and kraken. Its for this fake fakeout fakeout reason that I leave this idea neutral....but with a breakdown target of negative 20 cents, it seems like a ridiculous notion to believe it ever could be anything other than a fakeout.
Huge H&S got rejected by resistanceResistance in BTC proving bulls are standing their ground. Expect a push up to 4k levels
Bottom very near. One more final breakdown?A temporary short idea here but the target of this drop could be one of 7 potential targets shown here. To play it safe I am going to be setting a limit buy up right buy the 1 week 200ma(shown here in sky blue) it is conveniently lined up right with the neckline of the larger head and shoulders pattern so I anticipate the price action could attempt a head and shoulder breakdown fakeout and then have the 200 week moving average bounce the price action back up thereby essentially double bottoming off the 200 weekly MA coupled with the last bounce it did off of it at our most recent low and we could see a big bounce from there. However if the 200 weekly ma doesn't hold..I see 6 more potential big support zones here that I have linked and labelled with corresponding color price target boxes accordingly. I plan to limit buy the 200ma and buy the dip on each additional target it drops to..so even though this idea is short on the long term I'm very bullish.
USDMXN long Head and shoulders forming on usdmxn, has hit a long support and is also breaking the downtrend, good risk reward ratio
Ethereum close to completeing 4hr h&s + 4hr deathcrossthis idea is gonna remain neutral for now because fakeouts are always a possibility in crypto but we can see we are about to potentially complete a right shoulder on a very ugly looking head and shoulder pattern on ethusd's 4hr chart....we can also see that the 4hr chart is once again quickly approaching a 4hr deathcross....xrp had its 4hr death cross which led to downside followed by bitcoin which just had its and seems to be leaning towards more downside so if ethereum also gets a 4hr deathcross I'm guessing more downside is very probable...looking left on our chart we can see what kind of downside came with the last 4hr death cross...it wasn't pretty so should this 4hr deathcross occur here I think it is very very likely we will see ethereum trigger this head and shoulders breakdown which could potentially send it all the way down to $65 if this happend hopefully that will mean that the bottom of the bear market is very very near. Of course a sudden huge green candle could prevent all of this so be prepared for a fakeout around the neckline as always. It is that possibility that has me leaving this idea neutral instead of marking it as short.
Bitcoin Inverse Head and Shoulders.There is a solid looking head and shoulders pattern forming on the BTC-USDT daily chart. already had a minor breakout from the ascending triangle pattern setting us up for a good rise in price if the price action manages to break the neckline of the H&S pattern.
SHAMPOOOOOOOO!Hey guys,
Looks like we have a potential inverse H&S breakout to me. Just need some more volume to seal the deal. (Yellow line is the neckline, green outlines inverse H&S pattern)
Lemme know what you think.
1hr head and shoulder pattern forming at end of diamond patternWe can see a 1 hour head and shoulder pattern is threatening to break the neckline right now and if it were to do so we would essentially have a breakdown of the bearish continuation diamond pattern. We eliminated the possibility of it being a diamond bottom pattern when no volume accompanied the fakeout bullis breakout and nwo it is crawling back inside the diamond pattern at the last second to be able to turn it into a bearish continuation diamond with help from a 1 hour head and shoulder pattern breakdown. The target should the head and shoulder pattern breakdown but not not trigger the diamond is 3.6k and the secondary target should it also trigger the diamond breakdown we can see is much lower...I anticipate at the very least the head and shoulder breakdown occurring considering weekends are pretty infamous for dumping. However 4hr stochrsi is alreay pretty overextended on the bearish side so I can see a rebound happening by the time the 1 day stochrsi reaches that zone as well. However it is completely within the realm of possibility for us to also dip to the bearish continuation diamond target and even to the bottom trendline of the larger descending broadening wedge pattern we are seeing...if we do indeed fall below the 4hr 50ma(in orange) for too long of a period of time that gives us a real possibility of having the deathcross on the 4hr timeframe occur again which will inevitably lead to more downside...but I am hopefully we wont go farther down than the bottom trendline of the descending broadening wedge. These scenarios are only in pla in my mind if we first trigger the 1 hr chart head and shoulders...it will be what starts the dominoes on this one...if not we may just bounce back above the 4hr 50ma but probability does not favor this.
bitcoin testing neckline of 4hr head & shoulder patternAs I was anticipating we have now broken down from the bear flag we were consolidating in on the 4hr chart...and now shown here in yellow is the 4hr head and shoulder pattern if it triggers the full potential drop target for it would be right around 3091 hopefully not as it could very easily invalidate our big 1 day chart inverted head and shoulder pattern...maybe it will get another big bounce when it revisits the 1 week charts 200ma (seen on bitstamp) we may be able to double bottom off that moving average. if not we could continue dipping somewhere between 2.8-2.9k and if that fails the bottom is likely around 1120. However hopefully the 200 weekly ma can save the price action and keep the inverted head and shoulder pattern from becoming invalidated.
DOW approaching inevitable deathcross + h&s triggeredThis is my first ever non crypto idea on tradingview but I couldn't refrain from commenting on what I'm currently seeing on the Dow Jones. We can see a big head and shoulder pattern seems to have been triggered which has a drop target all the way down to the 21k range. Meanwhile it seems within the next 2-3 days a death cross is set to occur on the 1 day chart and considering this head and shoulder pattern seems to have already been triggered/validated I don't see any way shape or form that the DJI will be avoiding this deathcross...some wise friends of mine who have been at this much longer than I have are getting involved into some inverse ETFs right now in anticipation of it. I personally will not be making any financial advice on what to do here as I am not a financial advisor but it does appear that the writing is plainly on the wall...I also find it very interesting that the crypto market is now experiencing a bit of a pump during the DJIs + S&Ps downfall. I think we are in for a very interesting 2019 in both markets.
Bitcoin 4hr goldencross has just occurred; Fakeout still in playWe can now see the 4hour golden cross has occurred on the 4hr chart...this may spark a rally and we can see that the stochrsi has reached a good boucne support area with room to go up....however before this downturn, we did not achieve a higher high(which would have been around 4.4k), also this year has been particularly unkind to price action the majority of the times we have gotten a 4hr golden cross. Look left in the chart and you can see at least 3 golden crosses previously that did not get sustained and were followed soon after by a big sell off so it would not surprise me if we repeat history again considering we once again also didn't hit our higher high...howeverwe could for once finally see a real sustainable 4hr golden cross and plow back up above the head and shoulders neckline and trigger the breakout which would give us a target of 5.2k or so....there is also the possibility that that disproportionate right shoulder was really just the head finishing and the recent breakdown is actually the beginning of the right shoulder being formed so thats what the new descending yellow trendline is now representing...if that becomes the new neckline then we still ahve a chance to come up and trigger that which would have a higher price target if it were validated than the current inv h&s we have been looking at. Currently its best to maintain your position until you see obvious signs we are going lower. I sold when we broke back under the neckline but if you didn't right now is a little late to sell if I was in that position right now I would not exit until I saw that 4k had been flipped back to solidified resistance...as long as 4k maintains support there's a chance that this inv h&s brakout can still occur...of course that's just what I would do and not financial advic by any means so you do what you feel is best for you...thanks for reading and good luck!
Possible Super inverse H&S is forming; Target:5.5kHello everyone,
If you follow my telegram channel you seen my call and the discovery of the june fractal playing out.
+ There is a big daily bullish divergence.
Here is the fractal comparison I made:
The fractal of june was part of a big inverse h&s formation. I'm considering that the fractal right now will also extend also in the same formation. If that is correct then the 5.5k target can be reached end of december.
I don't think this is the bottom. I think we will dump further from 5.5k towards 1.8-2.5k range to bottom out end of January or start of February.
4hr inverted h&s breaking up target $4585Tread carefully here because we are still within fakeout range but if I wasn't already long now is a wise time to start at least laddering in...can set smart stop losses a few pips below the neckline to be safe as well but even if it dips I anticipate the neckline should hold support.
inverted head & shoulders pattern on the btcusd 4hr chart This inverted head and shoulder has a disproportionately long left shoulder but it is still valid we are currently testing the neckline. Judging by how overextended the stochrsi is on the buy side on the 4hr chart there are decent odds that this could be rejected here at the neckline but I'm pretty certain on the 1 day stochrsi we are in the oversold territory still so it may just break up from here...I'm gonna wait until I see a clear rejection and solidified resistance from the neckline before I exit my position if I had already sold before this then I would simply wait for a break above the neckline to turn into solidified support before buying back in. My personal strategy and not any sort of financial advice of course..good luck and thanks for reading!
BITCOIN ->> USD 3200 (BUY THE DIPS)Bitcoin is sliding down to possible 3200 USD
The right shoulder is in the making and it's likely to fall hard to 3200.
80% chance it will fall
20% breakout the downtrend (that will be the beginning of a buy signal)
Please leave a like
potential inverted h&shoulders overlaid on top of falling wedgeWe are now potentially forming an inverted head and shoulder pattern overlaid on top of the falling wedge which only will increase the odds of a bullish breakout for btc. In order for this inverted head and shoulders to have a chance it must have a bounce before too long and the most likely spot we have as a good bounce support is the top trendline of the falling wedge...if we see it stay above that line odds are good of validating both he breakout of the falling wedge and the inverted h&s pattern but until I see that, this idea will remain neutral for now....if I see it break under the falling wedge trendline I will lean more bearish and think this was nothing more than a dead cat fakeout bounce...but for now we will have to wait and see what it decides to do at the falling wedge top trendline. I may not sell again until it breaks under the bottom trendline of the falling wedge though. The inverted head and shoulders can be seen on the 1hr,2hr,3hr, and 4hr charts. Thanks for reading this NON-financial advice from a NON-financial advisor like myself and good luck!
XRPUSD Pair about to trigger a gldncross on the 1 day & inv h&sTake a look at this picture perfect inverted head and shoulder setup on xrpusd's 1 day chart. Also take a look at how close the 50ma(in orange) is to rising above the 200ma(in blue) for a 1 day golden cross. Now factor in how the stoch rsi indicator has plenty of room to head upwards and is already suggesting its ready to do so. Lastly, factor in that we have already triggered a golden cross and inverted head and shoulder breakout on the xrpbtc pair...the golden cross on the xrpbtc pair has been sustained and didnt become a fakeout which is leading to huuuge leaps and gains over ethereum and btc...all this considered means the golden cross on the xrpusd pair should be sustained with similar results as well. While the rest of the crypto market has been in a free fall..XRP hs held steady making those gains against btc. Yet it hasn't been able to break out of the 48 cents-50cent range yet...once it sustains the golden cross on the usd pairing however we will definitely see it start to make 50-100% gains. First resistance will be back at the inv h&s neckline at 54-55 cents....once we break up from there the next target is the 75 cents range. This is of course just my opinion though so don't take it as financial advice for a financial advisor I am not. Thanks for reading!!
XRP breaks well above inv h&s neckline forms higher highYou can see here on the 1 day chart that price has broken well above the neckline but is seeing resistance right at this blue horizontal line...what you cant see here is that the candle has already thrown a tiny wick above that line thus forming a higher high over the green candle where the horizontal line starts...in doing so XRP has broken the inside bar consolidation of that candlestick and now has a very high probability of going higher than that line and thus triggering and confirming the breakout from the head and shoulders pattern...We have also reached the small symmetrical triangle hidden in the right shoulders breakout target like I said we would do in the last video. So probability highly favors we trigger this head and shoulder pattern if so the target will be close to the black box near the top of the chart. Thanks for reading *not financial advice**
A look at the XRPUSD pair almost at golden cross!Normally my xrp charts are looking at the XRPBTC pair...but with more and more exchanges now enabling the XRPUSD fiat pair I think it's important to factor that in as well. We are currently right around 49 cents but will likely be heading upward soon...you can see the price action has been consolidating in a falling wedge which most of the times break upwards...you can also see here that if we were to break up from the falling wedge at this point where we are now testing its top trendline...the breakout target price would conveniently be right at the neckline of the inverted head and shoulders pattern now forming on the chart as well..We seemed destined to trigger the inv head and shoulder pattern on the xrpbtc pair so I think the xrpusd pair will inevitably trigger its inverted head and shoulder in the near future as well. So I think probability favors XRP breaking bullishly upward from this falling wedge fairly soon as well as a golden cross happening as soon as the next day candle to 3 days from now. Overall very bullish looking indeed.
Xrp now testing inv h&s neckline after breaking up frm sym trnglhere we can see the inverted head and shoulders and how xrp is currently testing the neckline. I have two price target as here in black boxes. The first one represents how high we should climb after breaking up from the small symmetrical triangle(in green). The second much higher price target is where we will go if we trigger the inverted head and shoulder pattern which I anticipate is a very good probability but for now we could still reach the first price target and then still do a fakeout of the inv h&s so be prepared for that possibility. If we do trigger the inv head and shoulder and climb all the way to the second higher price target, the good news is then we will also be right near the neckline of an even bigger massive inverted head and shoulders that could take us all the way to .00025 sats if we were to trigger that one. I anticipate a correction before we would test that one however if we do manage to climb that high...thanks for reading! *not financial advice*
XRP Bullish during btc bear dip, #2 in market cap!XRP is looking very bullish now as it appears to have potentially flipped this yellow line it was struggling to get above from resistance to support after finally breaking above it and up and above the inside bar consolidation it was trapped in. This is a very bullish sign as it will now likely close abov this symmetrical triangle and trigger a nice bull break which will then put it above the top red line I have here on ym chart which is the neckline of the big inverted head and shoulder pattern it's currently forming. A bullish breakout of that inverted head and shoulder pattern will bring yet even more bullishness to xrp and if all of this continues to occur while the rest of the market heads downward then XRP could essentially cement itself permanently above ethereum as the number 2 crypto...One downside to xrps bull run happening now during a big bear dip in btc is that it could go parabolic here and reach its former peak against btc but not hit the $3.50 range if btc is this low...if it does go parabolic int hose conditions that would not be good because parabolic bull runs tend to usually retrace about 80%. Instead what would be preferred is for XRP to trigger this inverted head and shoulder pattern reach that target and then plateau and consolidate for awhile until the rest of the market flips bullish and has a chance to start catching back up a bit. That will ensure we still have room to continue up from there if it takes the time to consolidate and correct itself. Seeing as how both XRP and Stellar have recently had 1 day golden crosses I anticipate those 2 coins continuing to have bullish action while the majority of the rest of the market crashes. Of course this is just my opinion and not financial advice however so trust your own instincts. Thanks for reading.
