Invertedheadandshoulders
bitcoin bullflag looking more like a symmetrical pennant now The breakout targets are still roughly pretty close to eachother even though price action on the flag is now looking more like a symmetrical pennant. I anticipate a break upward from the pennant no later than tomorrow but possibly tonight. That will put us above the neckline of the inverted head and shoulder pattern...I'm still not completely confident we will trigger the inverted head and shoulder breakout but plan on having a smart stop loss should a fakeout occur.
Dash ripe for a rebound; Potential inverted head and shouldersDash is experience a nice big green daily candle today which has allowed price action to climb back above the 1 day 50ma(in orange) We can see we also seem to be completing the right shoulder of an inverted head and shoulder pattern. I'm looking for a minor retrace here that retests the 1 day 50ma multiple times and keeps finding support there... if this occurs I will know that the 50ma(aka buy/sell line) has become solidified support thats when I will likely buy back in and then make my next decision at either the neckline of the inv h&s or if I see the price action somehow dip back below the 50ma and close 3 consecutive candles underneath it or solidify resistance. Judging by how the stochrsi on the daily is bottomed out and looks like it wants to start heading back upwards I'd say probability favors solidified support at the 50ma. Just my strategy of course if you are looking for financial advice you will have to go somewhere else as this is just my opinion. Thanks for reading!
ADA BTC Breakout or Retracement?
ADABTC now is situated into a falling wedge but if we zoom out a little we get a huge INVERTED HEAD AND SHOULDERS.But it will fail or not this inverted head and shoulders? Firstly,to can push this we need a BTC Stable/in upward mode :D
and we need a lot of fuel and also volume because this 1250 it s a huge resistance of inverted head and shoulders(neckline). Stochastic RSI it s overbought and RSI it s priting a rising wedge which means will drop
Macd also need to cool off
I don t know where we heading,so i m out from this trade,i will wait a little to cool down.If we break from this inv. head and shoulder next target will be the 200MA around 1407 sats.
SONDA S.A.Chilean Stocks.
Pure Technical Projection.
In absolut downtrend seems to be painting a falling wedge that could last 2 or 3 more years to complete.
Anyway, as usual, there're opportunities to trade.
In this case, if 960 can support price above the cloud, a quick chance to the 1005-1025 is possible, and if price can breakthrough that range, price could rise to 1060-1070 and 1160 in a finall rally for the end of year .
On the other hand, if the range 1005-1025 act as strong resistance, price could fall and will be possible to see a retest of the 915 support .
possible inverted head and shoulders/ascending triangle breakoutfrom the daily chart, we could see that an ascending triangle pattern is formed.
in addition to that, inverted head and shoulders is also shown in the Cardano/USDT chart.
This is not a financial/trading advice!
diamond bottom now diamond kite bottom; same target as bull flagI see confluence in the current bull flags breakout target and the price target of the diamond kite breakout giving me confidence we will hit tis target...in order to do so we will need to break above the inverted head and shoulder neckline...while I think we will come within at least 1-2 pips of this price target I'm not so certain on whether or not we will actually trigger the inverted head and shoulder breakout....if we were to come close to hitting this target and then had a sudden huge whale dump right after the candle that reached the trget could still close under the inv h&s neckline and cause a fakeout/dump instead. I will be paying very close attention to the volume levels once we get near the price target...if we do indeed trigger the inverted head and shoulder pattern afterwards we can climb as high as 5.2k also a possibility we stay just above the neckline or dont even get above it before a dump. Best to consider all bearish and bullish outcome potentials to be best prepared for which direction it decides to ultimately go. I'm still anticipating one last capitulation dump candle but that could come immediately or not until we reach 5.2k it could even continue up one more leg after 5.2k before the capitulation dump and also a slight possibility capitulation has already happened...so best just to play the charts for their current condition instead of trying to be certain of thigns that are still speculation at this point.
BTC/USD H4/D1 charts (1/8/2019)Good morning, traders. As I spoke about during yesterday's live stream, price made a final move down toward the H1 pivot before this morning's breakout of the flag, stopping just about $14 above it. The target is now $4342 based on the height of the flagpole.
H4 chart:
The aforementioned bull flag target should bring price up to the possible ascending channel's EQ. Just above it is the R2 pivot. The swing high that denotes the upper boundary of the D1 TR's resistance is right above that at $4409.77. I am expecting price to potentially get as high as $4540 before retracing a bit and then pushing higher, however these are areas of significance and could provide resistance for price as it does. That being said, price must first close above the swing high at $4090 before we can even look at price targets.
D1 chart:
RSI broke bullishly out of its symmetrical triangle as price broke out its own symmetrical triangle. Price continues to print similarly to accumulation schematic #2 (accumulation without a Spring) as I outlined a few weeks back in orange. I have outlined the expected movement based on this TR with orange once again. Price following this path would basically be a repeat of its move up from $3100. D1 volume should at least print higher than January 4th's volume which will provide the expanding volume that we need to see. A potentially strong move up may even see it print higher than December 28th's volume. We must remain aware of the diagonal resistance that looms just above price. This is the descending dotted black line and denotes the neckline of the possible IHS that may be printing. The grey price range tool provides the target based on the flagpole of the large flag that price recently broke bullishly out of and the green price range tool provides the target of the IHS if it plays out as such. We need to see volume expanding and the candle spread continuing to print large on the rallies to validate the IHS. Anything else makes that particular pattern suspect, but it does not invalidate the large flag.
Every day, we have a choice to act positively or negatively, so if you get a chance, do something decent for someone today which could be as simple as sharing a nice word with them. You just might change their day, or even their life.
Remember, you can always click on the "share" button in the lower right hand of the screen, under the chart, and then click on "Make it mine" from the popup menu in order to get a live version of the chart that you can explore on your own.
BTC/USD H4/D1 charts (1/7/2019)Good morning, traders. As suggested was most likely on Friday, volatility came in and Bitcoin moved up over the weekend. Many traders were caught off guard as they expected price to drop (a symptom of the corrective market whereby traders expect every rally to fail).
H4 chart:
We can see that price broke upward out of the symmetrical triangle. The target based on the widest part of the triangle is denoted by the red price range tool at around $4275. Price is currently printing a bull flag with a target of about $325 above the point of breach based on the height of the flagpole. Breaking out during this candle or the next should align that target with the R2 pivot which is just under the TR's upper resistance.
D1 chart:
RSI broke bullishly out of its symmetrical triangle as price broke out its own symmetrical triangle. Price continues to print similarly to accumulation schematic #2 (accumulation without a Spring) as I outlined a few weeks back in orange. I have outlined the expected movement based on this TR with orange once again. Price following this path would basically be a repeat of its move up from $3100. We will take a look at this repetition during this morning's live stream. But we must remain aware of the diagonal resistance that looms just above price. This is the descending dotted black line and denotes the neckline of the possible IHS that may be printing. The grey price range tool provides the target based on the flagpole of the large flag that price recently broke bullishly out of and the green price range tool provides the target of the IHS if it plays out as such. We need to see volume expanding and the candle spread continuing to print large on the rallies to validate the IHS. Anything else makes that particular pattern suspect, but it does not invalidate the large flag.
Every day, we have a choice to act positively or negatively, so if you get a chance, do something decent for someone today which could be as simple as sharing a nice word with them. You just might change their day, or even their life.
Remember, you can always click on the "share" button in the lower right hand of the screen, under the chart, and then click on "Make it mine" from the popup menu in order to get a live version of the chart that you can explore on your own.
inv h&s breakout on LTC. Could lead to 1day golden cross + c&hCheers to my friend @XPCollector7 for bringing this one to my attention. We can see Litecoin is now triggering an inverted head and shoulder pattern that will, if we can maintain support above the 1 day 200ma(in blue), continue much further upwards from here...the next big line of resistance is the turquoise horizontal line here but the inverted head and shoulder breakout target has us going well above that. that same horizontal line could be a rimline for a fairly large cup and handle pattern so hopefully we do reach the full inverted head and shoulders pattern as it would likely trigger a cup and handle breakout too. We can see that if we continue this bull momentum to that range the trajectories of the 1 day 50&200mas suggest a 1 day golden cross could be well on the horizon which would lead to even more upside. Currently however the 1 day stochrsi is nearing the overextended zone which may see the price consolidating sideways a bit until it can cool off the stochrsi for more upside...however I think the stochrsi currently has enough upward room left to maintain support above the 1 day 200ma which is crucial in order to trigger all the other bullish possibilities. Of course this is all just my view on it and not financial advice but I do thank you for reading and wish you all the best of luck with whichever strategy you decide to execute.
LTC Nears Signal Of Inverted H&S Pattern.Hello Everyone,
There is a possible opportunity at hand as we near the completion of an inverted head and shoulders pattern, thus will become the signal to go long. All points are clear within the chart.
This is my viewpoint and my opinion. I am not giving advice but only sharing what I see. Do not enter a trade on my TA but do your own homework.
Cryptocurrency is volatile and very risky. Never invest what you can't afford to lose and always educate yourself and continue to do so when making any kind of investment.
Good Luck
BTC/USD D1 chart (1/4/2019)Good morning, traders. The Proof of Keys event came and went without any fanfare. There are some conspiracy theories concerning HitBTC and Bitfinex in relation to the event and exchange down time and/or frozen funds, but that's all they are. I am going to keep today's analysis short and sweet while concentrating on the D1 TF since I believe that unless you're scalping for $20-$50 at the most, there's really no strong argument for trading the smaller TFs until what's happening on the D1 plays out.
D1 chart (Bitstamp):
We can see the TR, potential IHS, and symmetrical triangle that are playing out at this time, as well as the volume nodes on the right hand side of the chart. It really does appear to all be coming down to this current consolidation. Price remains above the pivot but a retest of it as suport around $3695 would also simultaneously retest the triangle support, which would be positive. Current price action is at the EQ of the TR and within the HVN, so a move above that would be bullish and I would expect the mid-$5000s target, but a move below would be bearish and I would expect a test of the 78.6 retracement and possible a retest of the 2018 low. Even a test of the 78.6 retracement could be bullish as we would still be in a possible wave 2 of a larger degree. RSI is currently printing a symmetrical triangle and we can watch for a close above resistance or below support to likely tell us which way price is headed. Another thing to watch, if price drops, is the MACD histogram. The previous low was barely below the zero line on December 7th (price low $3210). This means that price would have to drop almost $550 from where it is just to avoid printing bullish divergence. Bullish divergence printing on this TF would indicate a larger trend change to the upside which would likely indicate that we are beginning wave 3 of a larger degree at that point.
Interestingly, the 2018 low price marked the third alternating touch of a potential descending channel that has been in since the February 2018 low. If this is a valid channel, then the expectation should be a move toward the mid-$5000s to provide the fourth alternating touch and confirmation of that channel. This is something I have touched upon in previous live streams and will take a more detailed look at it today as well as shorter TFs.
Every day, we have a choice to act positively or negatively, so if you get a chance, do something decent for someone today which could be as simple as sharing a nice word with them. You just might change their day, or even their life.
Remember, you can always click on the "share" button in the lower right hand of the screen, under the chart, and then click on "Make it mine" from the popup menu in order to get a live version of the chart that you can explore on your own.
Small Inverted Head and shoulders in Play?Could this be an Inverted Head and Shoulders in order to complete the Right Shoulder of the large Invert H&S?
-Hawk
AUDUSD Long position Long position forming on AUDUSD
Inverse Head and Shoulders pattern forming on the 1 hour chart
Please wait for the break of the neckline before entering this trade, if the support channel is broken trade is void - the support channel is shown by the highlighted box
Please let me know your thoughts
i wish you all well!
