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Inverse Head and Shoulders

GOING LONG IN NZDUSDI am taking a long position in NZDUSD due to the formation of an inverse head and shoulder pattern as we saw in the chart it also broke the resistance trend line as well as break the neckline so we have confirmation of the pump equal to the length from the head to the neckline The Head and shoulder is a reversal pattern so it can change the trend also from bullish to bearish after retesting the height as we expect it to touch Let's see what happens Entry: 0.63030 SL: 0.62629 TP: 0.63390 Lots: 0.4
Long
by hassamsaeed
BYBIT CEO believes Bitcoin will fall below $10,000 USD!  I agree with Ben Zhou on his opinion about 4-digit Bitcoin! He thinks that we are probably going to see more bombs coming in the next few months (liquidations of exchanges, coins, or other big players). The CEO of Bybit has a lot of insider information about traders on his exchange. For example, he can see where the liquidity is and where people have their stop-loss orders. "Everything in crypto happens very fast; I believe a 6-month or so of this downtrend before an uptrend again," he said in his next statement. What do you think about it? Do you agree with Ben or not? Let me know in the comment section right now! You can watch a full interview with Ben Zhou on the Moon YouTube channel if you are interested in his thoughts. From my perspective, there are no signs of a trend reversal. As you can see on the chart, Bitcoin is pretty much drowning. I believe the bottom of Bitcoin will be between 6500 and 10300 USD! For more ideas, hit "Like" and "Follow"! Bybit is currently the #2 exchange on CoinMarketCap in the section "Derivatives."
Short
by UnknownUnicorn2537518
64
Bitcoin - Cheat sheet (road to 3k, levels) Everyone will call you a cheater for these levels because you can very well predict massive short-term bounces! I will never give you a zone. I will give you levels that are exact to the dollar!  You can use these levels if you are a swing or intra-day trader, but also if you are an investor and you want to buy Bitcoin cheap. These levels are for everyone! I expect a massive bounce from 10254 USD. You can use this level for a 30% - 50% profit with a stop loss of 8700 USD. You can be sure that I will be a buyer at this level. I don't want to miss this opportunity. The question is, how long do we have to wait for prices to reach these levels? It doesn't matter; it can be this year, next year, or even in a few years. The sooner the better because you probably do not want Bitcoin to be stuck in some range between 14k and 20k for another year, but it's possible. I believe 6435 is very likely if bitcoin fails to hold the 0.618 FIB. A simple pattern for Bitcoin is: if BTC fails to hold the 10254 area, then 6435 is the next support. If BTC fails to hold the 6435 area, then 3516 is the next support. If Bitcoin fails to hold 3516, then we can see a huge capitulation wick below 3000 with strong buying activity from whales. If BTC fails to hold 3000, then sorry, you have been scammed, and maybe BSV is the real Bitcoin. But I don't want to speculate on this topic of BTC vs. BSV at this moment. The previous all-time high, set in 2017, is now extremely powerful: 19798. We can go here in the short term before continuing in the dump. So do not fall for any fake pumps. The DXY index will go much higher after a correction. Many stop-loss orders have been placed below the previous swing low: 9825. I believe the market is going to wipe out all orders below this level. I wish you massive profits at these levels! I don't want to wish you good luck because trading is not about luck. 19798: 2017 ATH resistance (major) 12468: Start of the volume area high (VAH) + swing high (minor) 10254: 0.618 LOG Fibonacci retracement (major) 9343: Point of Control (POC) + GAP (major) 7293: GAP (minor) 6435: POC of the previous triangle + swing low (major) 5303: Volume profile node + triangle 4h POC (minor) 3782: POC of the previous triangle + swing low: (minor) 3156: Ultimate bottom of the impulse wave: (major)
Short
by UnknownUnicorn2537518
97
Ltc closes a daily candle above the inv h&s necklineFinally a daily candle close above the inverse head and shoulder neckline for litecoin. Many alts have had an initial neckline penetration that then went back below the neckline for awhile before finally triggering the second time it went back above the neckline so it’s possible litecoin could also follow this same behavior. However we can see the 1day 50ma already starting to curl up here and considering there appears to be quite a lot of momentum occurring across the cryptosphere, its entirely possible litecoin could trigger the invh&s breakout on the first time above the neckline. Worth keeping an eye on. Should know within 3 daily candle closes if it is going to validate the breakout now or later. *not financial advice*
COINBASE:LTCUSD
by DrDovetail
An even bigger inverse h&s pattern appears on ALGOOn our way to hit the 2 targets I posted about previously from former inv h&s neckline breakouts, algo has now brought price action above an even higher inverse head and shoulder neckline. Stoch RSI is pretty over extended at this point so it would not surprise me at all if we see a dip back down to retest the neckline or even a few wicks or a candle close below the neckline before we are ready to validate the breakout above this new neckline. Of course, it could also just decide it wants to pump all the way to our next measured move target with no correction at all. I will keep hodling, but if I was leveraged i would dial down a good portion of my leverage after hitting the previous targets and try to add it back in upon a successful retest of the new neckline as support…if we do dip below the neckline as long as it holds the 50ma as support any dip below should be temporary. We maintain overall support on the 50 and then solidify support on the white neckline here we will likely validate another inv h&s breakout by the time algo’s golden cross occurs. *not financial advice*
COINBASE:ALGOUSD
by DrDovetail
1
TU | Wave Projection | Bullish Dragon Pattern +25%Price action and chart pattern trading setup: > A bullish dragon pattern with an uptrend ABC wave currently making a pullback to the rising channel support at the volume profile point of control > The price is below key dynamic support SMA200 and SMA50 which is considered a downtrend movement or could just be a false break dump and pump > Entry @ SMA50 and SMA200 breakout zone once the price recovered > Stoploss @ B wave position -7% downside > Target @ 1- 1.618 extension dragon head & shoulder zone Always trade with affordable risk and respect your stoploss
SET:TULong
by dukeposh
$CHZ - Ready for the Kick SHOTHello my Fellow TraderZ, As FIFA World Cup is approaching closer, keep all the Football or the Fan Tokens in your radar. They will go insaneously popping up out of nowhere. $CHZ #CHILIZ is one of them. Look, $CHZ is forming class Inverse H&S on DTF. Though it is currently at the confluence of Resistance Zone of Horizontal R + Neckline of Inv. H&S, I'm bidding this one to break and go high after a slight pullback. Either wait for the Break and retest or coming to the Support. CHEERS!!!
Long
by TRADER-GOKU
5