This is the head of a giant head of shoulders, or it is a double top. Expecting a large fall at least before another pump or at least a few rejected pumps forming right shoulders then an epic fall without another pump attempt. I'm a noob learning technical analysis so don't take me seriously.
Head and shoulder 1, with the Faultline 1 as the neckline, has already been triggered. This made the H&S 1 into another huge head, and a right shoulder is now forming on Faultline 2. Either with this right shoulder or several right shoulders, it's possible Faultline 3 can be triggered, unleashing a huge amount of volume accumulated at the left shoulders.
After hitting a hard downtrend line, BTC is forming a large head and shoulders, possibly reversing the trend temporarily.
Will this plunge bring back the levels prior to the sudden rise in early October?
Bots seem to be jumping up and down randomly to find its feeding grounds in contraction zones. However, their feeding grounds seem to be aligned with a downtrend. Short, set a stop loss zone, enjoy life. I'm a noob so don't take my ideas seriously.
The sudden jump few hours ago ends up forming a giant head and shoulder , reversing the bullish uptrend. After the close of weekly, there is little reason for the bulls to be this aggressive. Continue shorting until a clear reversal sign is seen. I'm a noob so don't take my ideas seriously.
If the current trend doesn't hit a new low, it could be an upward slanted head and shoulders and still be a bearish pattern, or it could be an ascending triangle. Observe until a pattern is confirmed. I'm a noob so don't take my ideas seriously.
Possible Head and Shoulders, price calculated at maximum, from the top of the head to to the neckline. Be more conservative within this range. I'm a noob practicing so don't take my ideas seriously.
SOLUSDT is more bullish than BTC, but it still follows the overall bearish downtrend. In other words, BTC only has a steeper decline. Both BTC and SOL are forming a descending triangle, with bears hitting them harder with a downtrend and bulls only being able to stand off at a heavily loaded horizontal resistance line(red/black box). The short zone(blue box) is...
The chart is forming the ascending triangle pattern. Entry for short in the boxed zone. I'm a noob so don't take my ideas seriously.
The current symmetrical triangle is a downtrend continuation pattern, and the current downtrend may go as far as the next resistance line. In the long run however, the launch of the Starship within the year will likely cause a huge upward spike. Get a Long entry as low as possible, and hold out until the launch. Sell immediately during or right after the spike...
The chart pattern shows a strong bullish move(the pole) and a slow bearish trend(the flag). This pattern looks like the bullish flag pattern, implying the uptrend will continue with another strong bullish move. Per theory, the next reversal breakout will be approximately 1300 BTC, as the height of the pole implies. I'm a noob learning chart patterns, so please...
Example of a Head and Shoulders with multiple shoulders to the right.
I strongly suspect that an individual or a group of individuals are dumping coins to gradually crash SOL. First, they slowly accumulate coins that usually form a head and shoulder pattern which I call "Volcanoes" in this case. Second, they dump the accumulated coins to bring a sudden price drop. Third, keep repeating first and second. There are also long spikes,...
There was a sudden upward spike, indicating a massive purchase. There are also accumulation periods after each fall. These accumulated coins are used to execute a mass sale and drive the price down, thus causing a procedural series of crashes.
One last line of resistance left, which is the neckline of the H&S Ultra.
Series of small and large H&S Volcanoes have already erupted and driven prices downward. Yet, there's an ultra-class H&S volcano on standby just further below. Will it blow?
From the downtrend with a small 1m timeframe H&S pattern, a larger H&S pattern is visible that can cause a further drop.