As you can see in the image in the chart the inverse H&S requires confirmation on the last shoulders high to make sur the price holds .. That's exactly what just happened thanks to the last sell off in the market. Now we are heading back to the neckline and from there the target is perfectly 0.00003500. The same thing happened to Doge couple of weeks ago, Doge...
As you can see in the BTC/USDT weekly chart, BTC has been trading in a channel and is about to touch the lower band of this channel. Due to the selling pressure, I expect the price to wick below the channel briefly with target of 14.5k-12.5k If the week closed below the Fib level (0.236) then we might be spending some time below the 18k level. But I guess that...
Alright folks .. I am posting this idea and I am ready to take the heat as long as everyone will contribute with useful input. Let's go back to the basics of technical analysis and leave the emotions behind .. - We have Double Death Cross on the Market Cap Weekly chart .. the 50 EMA is crossing the 100 EMA and the 20 EMA is crossing the 200 EMA. - The RSA will...
Overall BTC is still Bullish .. for long term holders , this might take months to work out but I see 175k doable .. Check my previous ideas .. all worked out !!
BINANCE:SHIBUSDT Here is the plot as I think it will happen: 1. The price will go down to 700-800, that matches the lower range of the lower BB range. It also allows the RSI and MACD to reset. 2. The price drop will form double bottom, the price will go up through the H&S neckline. 3. If the neckline stood strong, the inverted H&S will pump the price to...
DOGE is having correction since last May. Hopefully reaches bottom before Musk announces the DOGE-1 moon launch Tell me what do you think
Matic long due correction .. I am generally bearish until btc hits 20k Check my other post and tell me what do you think What did I miss ?.
Big is forming double top which its target achieves the H&S price target Tell me what did i miss :).
Simple idea and my first publish. Wish you all luck, NFA.