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Invertedheadandshoulders

#bitcoin - inverted HS potential still presentI am going to watch this until the price tells me something different. Totally undecided right now. Keep focus guys and don´t force yourself into trades based on assumptions and gut-feelings. H4 did a very good job recently, also H1, so I prefer staying here right now. Keep an eye on the monthly Pivot. This pattern is still in the make and the volume profile is actually not a very good fit, so .... stay safe. _______________________________________________________________ No financial advice. NeruSuite v5 - advanced technical analytics tool. #dyor
BITMEX:BTCUSD.P
by Gl4diator
1
#bitcoin - critical areaWe are certainly in a critical area, where we could see another turn down and then hoping for an inverted H&S building out as reversal pattern. We are just approaching the potential neckline(s), starting from different previous prices. So far Bitcoin does not look as if it wants to build out an iHS. Let´s see what the next hours bring and then make a couple of plans. Too early right now, as my re-entry zone is not before just after $11k anyways. _______________________________________________________________ No financial advice. NeruSuite v5 - advanced technical analytics tool. #dyor
BITMEX:BTCUSD.P
by Gl4diator
2
(2h) iH&S | technical dbl bottom | bullish 2618 | bearish crabBITSTAMP:BTCUSD Technical double bottom at the right shoulder now supported by one ascending structure trendline forming the bullish 2618 at the golden fib but also by the 200 moving avarage. The projections for 2618 pattern formation sending the price for a retest of the most recent highs and daily fractal, with one eventual bearish crab pattern projected above at 1285, which may also force a pullback for a retest of the broken fractal as a broken resistance and as a eventual support.
BITSTAMP:BTCUSDLong
by Andre_Cardoso
3
BTC appears to have triggered 2inv h&s & a descending channel Assuming we close the 1 day candle in this range, odds look very good of confirming the bullish breakout of 2 inverted h&s patterns (a 1hr and 4hr chart) and a 1 day chart descending channel bullish breakout. Both the 1hr inv h&s and the descending channel show confluence in their breakout targets around the horizontal at 13007. The 4hr chart h&s on the other hand has a higher breakout target around the 14400 horizontal. If all these targets are reached and we can flip 13.8k to solidified support before price action has a chance to be rejected down from the 14400 horizontal we then have a chance o rigger some potential cup and handle patterns that could easily take us back to retest our all time high! Of course something that bullish is only in play if we can indeed solidify support above 13.8k. Looking mighty bullish for now...potential temporary resistance at the 12500 horizontal but most likely very short lived..once we get above it 13071 and 14400 are the next zones to watch for.
BITSTAMP:BTCUSDLong
by DrDovetail
1
BTCUSD is in an essential stage. The road is rocky - wear shoes!BTCUSD has broken out of the triangle formation while retesting the middle line of it and is now sitting on the neckline of the inverted head and shoulders chartpattern in the vicinity of the 1.6 Level at around 12000. This level will be eyed as a very importent key level by many of the professional traders. They will expect a break above and a clear retest of it for a bullish progression. A break below after a break above (candles have to close) will be considered as a bearish setup and traders will eye for a short opportunity. Let us see where BTCUSD will go and we will follow it. The targets for the h and s pattern is the height of the head and its middle line. Do not forget the 1.6 and the prior high as profit zones. Better be defensive since this stock can move very fast. Please check out George Beaulieu on Youtube if you want to learn more about technical analysis. smilingly heish
BITSTAMP:BTCUSD
by MeruEU
5 pattern pile up! This zone's a mess of gridlock & indecision. currently we have a 1 day chart falling wedge with an overlapping pair of inverted head and shoulders patterns(1hr &4hr chart) on top of it. Then on top of those head and shoulders patterns we have a 4hr chart rising wedge(in turquoise) and a 3hr symmetrical triangle(in blue). solid chance for bear or bull although bear has the upperhand slightly since a 4hr lower high was just et in stone. Best to only play this one once a break is confirmed and stay in what position I'm currently in until then. Neutral then shall this idea be even though there's a temporary bearish bias and a long term bull bias.
BITSTAMP:BTCUSD
by DrDovetail
Bitcoin - Inverted Head and Shoulders TradeBitcoin has had quite a nice pullback in the last few days, I noted the weekly doji candle pattern prior to the move, the pullback was not quite as deep as i anticipated ($9,200 USD vs a realised $9,500 USD drop) however, the recent bounce off support (mid point of the Keltner channel (20 ma) has painted a possible inverted head and shoulders, prominent on the 4hr time frame. This would suggest that a slight move lower to form the right shoulder is in the cards at press time, likely a move around the $11,000 USD mark, the prior support also offers a clue as to the potential bounce point. Assuming the pattern plays out, if it fails to then this analysis is void. A subsequent rise from this right shoulder above $12,000 USD could signal a move (measured from the Head and Shoulders pattern) to around the $14,000 USD level, certainly a retest of near terms highs (prior to the pullback) is on the cards. Stay aware of this potential pattern and watch how it develops, as it may very well have a near term effect on price action, should it play out. - Stay disciplined
COINBASE:BTCUSD
by Profit_Link
1