classic iH&S long entry after formation of shoulder (if shoulder forms) and breach of horizontal watching for now
New PF to going into 2019? more here: www.youtube.com
Before I trigger the purists, yes, I know this isn't an ideal price structure for a C&H Difficult to measure considering shape Support Levels are strong but target = 0.05
Bullish Reversal Pattern Neckline resistance questionablly diagonal Volume profile essentially descending barring the head Target based on; measured move, fib extensions, previous horizontal resistance Throwback to diagonal zone of resistance turned support is possible after neckline break Note: previous H&S broke SL at Right Shoulder and completed anyway....
H&S forming on descending volume short entry on horizontal break expect throwback and denial at horizontal IF horizontal support breaks SL above R shoulder IF horizontal support breaks 1.618 fib and measured move shown - likely support somewhere in that zone Breaking 10k and holding there would be tough imo
Markup phase continues Measure move and fib extension suggest $475-562 range Previous triangle broke out to 3.618 - would be $850 here
A lot needs to happen both technically and fundamentally for this to happen as described. The idea is likely wrong, but nevertheless worth keeping in mind through 2018. @VentureCoinist had a similar chart pbs.twimg.com
Possible to bullishly invalidate another up trending Pitchfork here. I've added a 1.25 zone which fits both as resistance and support on either PF. These together suggest price is either the top or bottom of the zone depending on trend speed shift. More likely than not that this will represent more bullish invalidation of an up trending pitchfork which gives the...
Cup formed nicely, retrace and bounce from $71 would paint handle. Zone of resistance based on measured move and 1.618 fib = $123-140.
Watching this one for weeks just haven't published BBands breaking to the upside - 2nd tightest squeeze on daily ever Asc Triangle measured moved + fib extension = $600+ On Index
Publishing this now in case in one wants to follow along. ML (red) of pf always a mean reversion target of trend. I've added 1.272 and 1.618 to the pf. These are fib extensions and not necessarily the usual 1.5 or 2 extensions you could use on pitchforks. Reason being fib extensions fit better than the latter.
Overall, fundamentals of Bitcoin Cash at the moment, as well as the foreseeable future, are an absolute dumpster fire. However, technicals show the downtrend ending with a bullish Tenkan/Kijun cross and price entering the cloud. Target for this trade is the other edge of the cloud.
I regretted not posting my BTC pitchfork sooner than I did, so here's a solid pitchfork on $XMR. Diags are being respected, consolidating around pitchfork ML. Look to this for future moves of support and resistance.
reference: www.babypips.com i don't think this is real, but if it is, i'll take credit for it. most likely invalid due to A-C.