COINBASE:BTCUSD is showing a bull flag with a target of $150. The pre-2017 support of $160 is coinciding at that target as well. I'm seeing glaring fractal patterns that occured between $10,000 and $6,000 happening right now.
Huge head and shoulders pattern forming for BINANCE:BTCUSDT today. With what looks like a bearish flag on the right shoulder. We're chopping around at the neckline here and if it breaks down, it could be bloody. My price target will be around $4500.
BINANCE:BTCUSDT has bounced off my original head and shoulders target and uptrend channel support. If you remember, I told you guys that there was a fractal relationship here and that it would be strong support. We didn't see a lot of volume to confirm that it is strong support, but the target and uptrend were confirmed nonetheless. I would like to see another...
Look out below! ;) The bears are winning at the moment. We have lost the support at the 1200 EMA for right now, on the 4 hour chart. There seems to be a fractal relationship between the head and shoulders target and the support from the uptrend. Note the bounces at high volume trading and you will see an uptrend. Also, note how oversold is at the moment. I...
Here's what you need to know: BINANCE:BTCUSDT has broken out of the rising wedge pattern to the downside into a reversal head and shoulders pattern. The target of this pattern is around $8000. We would need to see a close above $9700 to invalidate the H&S. Also note there is a bullish crossover on the MACD with high momentum on the Stoch.
*This is not financial...
NASDAQ:AMZN and the "FANG" securities all bounce off the top to confirm my H&S pattern. The next stop: we will go down to test the neckline support. If we lose this support, the head and shoulders target will be close to $1100.
The only hope, I believe, is if the earnings statement in a few days crushes the analyst's expectations and we surpass the previous high...
NASDAQ:AMZN forming a large Head and Shoulders pattern with today's bull push on FANG securities.
*This is not financial advice and is only for educational value*
BINANCE:NEOUSDT seems to have found its bottom at the double bottom on the 1hr chart. Poised for a reversal, NEO is chopping around in a bullish flag. Volume is tapering off as expected in a flag pattern. If we break to the upside, I will be bullish on NEO. If we break to the downside, look for support at 80 and again at 75.
BINANCE:BTCUSDT has broken out of the head and shoulders pattern and the bullish flash pattern! It is now testing the heavy resistance formed at the beginning of the crash. Strap on your seat belts ladies and gentlemen, if BINANCE:BTCUSDT tests and passes, we will officially be in a bull market once again.
Good luck trading!
There is a strong resistance for the past 30 days depicted in pink. BTCUSDT has formed an inverted head and shoulders pattern and has since broken out to form a bullish flag, but if it doesn't break $10,000 it will likely find support around $8800.
