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Technialanalysis

BTCUSD 4H Head and ShoulersSeems to all I've been calling recently (particularly for BTC), but it seems to be the gift that keeps on giving. BTCUSD 4 hour is showing a head and shoulders which would imply a proceeding bearish reversal. To compliment this we can also see our 9 MA is about to fall past the 26 MA which means current price is breaking down. I would expect BTC to hit the pink line on the 1.618 fib to complete the final shoulder before we see any strong bearish movement. To trade a head and shoulders correctly, you should ideally set your entry at the neckline to be safe and assure that this analysis is correct. Like wise take profit should be roughly the distance between the neckline and the head to complete the head and shoulders pattern (Although I would look at historical support for a more exact number).
BITFINEX:BTCUSDShort
by bobbysto18
Potential Long Opportunity. Having a look at the dollar index. We are within a bullish channel for a few weeks now, after breaking out of the inverse head and shoulder pattern. Looks to be last week DXY started loosing traction. and fell to a near strong support zone as a parallel bullish channel trend. I am under the suspicion that fundamentals will be the driving reason behind dollars next move. I am favoring the reversal so far. Fundamentals- this week to be released related to the interest of the dollar are: Consumer price index. It has been mentioned that we may not be expecting what investors would want to see. This may not be what the market is looking to be told. Meaning the market might be looking for the interest rate hike possibility. Or interest. So this fundamental could be completely ignored. Tuesday- PPI data release after Chair of Federal Reserve Speaks at a conference. Thursday- Unemployment Claim Numbers. Friday- Building plans Data. Technical- History on the 4hr chart shows the bullish rejection along illustrated parallel trend line. Stoich RSI shows a near bottoming insight. Now i would still watch to see if this zone holds. Bullish dollar is still considerably note worthy. Daily Chart- Shows a retest of the neckline for the Previous head and shoulders break. These technicals usually suggest a setup for bullish momentum.
TVC:DXYLong
by TiltonKy
Bitcoin Cash Finally BREAKING OUT?AS noted in my previous post, this MONSTER consolidation pattern, aka descending triangle, has been ranging for 10 days now, since that insane run from 300 to 800 in 3 days. This monster looks primed to break out again. And this is an easy one if it gets going with some good volume. Breakout: Around 630/650, breaking out of downtrend line of consolidation pattern STOP: below 585, support lows of consolidation Target 1: 800 (61.8% Fib retracement of Aug 17 - 27 decline) Target 2: 900 (old high range) Good luck! ----------------- !! PM me with any questions about my analysis !! MY TRADING METHOD: I keep my analysis simple. Good analysis always is. I use Price Patterns, Moving Averages, and RSI for my analysis. I use the 1 day for trend analysis and 60 minute for trade entry For my Targets I use Fibonacci projections + measured moves Successful trading means proper risk sizing and trading small so you can stay in the game.
BLong
by BerlinTrader591
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