Neckline sits at about 0.055 and at the moment, it looks like the right shoulder probably won't start to form until late August. Target-wise I think we'll see 0.1 again before the end of the year.
Just my opinion, but with both the 4hr charts rsi and stochrsi well exhausted and well into the overbought zone and the 1 day chart's indicators now just reaching overbought conditions, I don't think we will be able to sustain an immediate breakout of the inverted head and shoulder pattern and a small correction is due to reset these indicator levels before a...
A much needed bullish volume surge breaks price action back up above the 4hr 200 and 50MAs and sends us back up towards the neckline of the inverted head and shoulder pattern. People are attributing it to the rumor that Blackrock is considering getting into crypto ETFs. Botht he 4hr stochrsi and rsi are super extended in the overbought zones..so I think our most...
Inverse Head & Shoulders are forming, which would send BTC up to the next resistance point of 6744, followed by 7588
We got very close to the original projected price target of the lavender wedges projected breakdown, but jut broke upward from the latest bear flag just before the new day candle started. What's a very encouraging sign is that we dropped to almost the exact same height as the left shoulder of this inverted head and shoulder pattern...always good for the validity...
We got a nice little green impulse past couple candles with some very strange behavior going on with the orderbook over on gdax likely from bots.We can see now that we are a bove a very ugly looking inverted head and shoulder pattern but we can also see the 4hr stoch rsi is overextended and must eventually drop sooner than later. If we can maintain the price...
Just formed a higher low on the 4hr chart. If we can follow it up with a higher high we will also likely trigger an inverted head and shoulder pattern. Would be a good sign for the bulls.
So far the bigger bearish head and shoulders pattern on our chart has had the price action bounce upward off of it each time it's connected with the neckline...Considering how the larger pattern the head and shoulders is inside is a falling wedge pattern which is bullish and tends to break upward, my presumption is that any time the price action reaches the...
Is this the start of a reversal for ISAT? Has it started an H&S pattern which will be completed in the next few months? Wait and see.
This seems like a fairly obvious trend and wanted to take the time to point it out... Posting this primarily for reference and criticism... please have at it.
It was over 36 hours of non stop consolidation on the last bear flag, doji after doji after doji, morphing at times into a descending wedge, a diamond bottom, and threatening to be an eve shoulder of an adam and eve double bottom, but after 9 4 hour candles of consolidation, it finally returned back into a standard bear flag and broke down to the projected target...
If you're looking for bullish signals, look no further. If completed, this adam and eve double bottom + inverted head and shoulders would signal a bottom has been found surging the volume and price skyrocketing upwards. Hopium levels in overdrive here. Tread the chop carefully and be patient.
A very positive sign to see us close a 4 hour candle above both the descending triangle and the t-line ont he 4 hour chart....we have one hour left to go on the current 4 hour candle but as you can see it's momentum turned around right inside the edge of the bear flag we've been stuck in for awhile now. Hopefully it will close above the descending triangle as well...
Not looking good folks..we can see a bearflag that has been forming on the 4hr for awhile is threatening to break bearishly....you can see the projection of that drop would send us all the way under to the grey ascending trendline which bounced us back up from our biggest low of the year and hasn't been encountered for over a month since that time. It has made...
Ok, so quick update with the EURUSD. We can see that after February's drop we got exposure to some solid support at the 61.8% retracement from the highest high. This is mimicked by the intense price action from the smaller 38.2% - 50% within that range. They're the baby blue lines. We can see that this chart has one bull flag at the end of an even bigger flag. To...
We bounced off the long term down trend line at 12k (the head) showing that the bulls weren't quite ready yet Copleting the head and shoulders by EOD Saturday could mean we continue the elliot wave down to 8k support If we bounce there and then reach resistance at the shorter term trend line top (pink), we could re-test support as low as 6-6.5k again
Potential BTC Head and Shoulders setting up on the 4 hour chart that is worth watching. Increased Bear Volume and a potential Rising wedge support around 9500 and 7800 respectively if we see a pull back Also 4 hour MACD bear cross. Short time consolidation on the 4 hour chart.. If we get a pull back to previous support mentioned above it would be a gift as i...