Bitcoin is finally showing some bullish signs again. After testing the 3k area and the decent bounce bitcoin showed, we are now moving in what is a potential inverse shs pattern. I have seen this before with bitcoin and it is a very bullish pattern. It could push the price up to test queen trend line again but this time as a resistance. That would be around the...
I think EURUSD will rise to the inverse head and shoulder neckline for a short upwards rally and then going back to the downtrend. For longterm prospect on the price of EURUSD we will have to watch for the actions of federal reserve chair powell, and as well the upcoming G20 summit on trade talks with both China and the EU.
Just something to keep an eye on.
its not formed yet, so just a possible for next days with bitcoin volume low but some moves towards 6800+ and if that can break we can target 7350 area as the pattern would complete bless ya trades
The euro currency has moved above the 1.1650 level against the US dollar after ECB President Mario Draghi struck a bullish tone towards future eurozone inflation. The EURUSD pair may create a bullish inverted head and shoulders pattern if buyers can push price towards the 1.1730 level. Sellers will need to edge price back below the 1.1600 level to change the...
Weekly Chart- I am basing this off BTC continuing to head down in the near future. This is what I'm expecting to see happen over the next couple weeks or so, an initial sell off of both but a gradual increase of BNB price vs a gradual decrease of BTC price. When the market comes back, I will have more value with my BNB compared to if I just held in BTC. Selling...
12H inverse bulls. - note the stoch fractal. I'm watching that RSI supportline also - it looks bit like a rising wedge. I've also outlined what i consider a potential pathway for BTC price action over coming months if there is no bullish catalyst such as ETF approved to prevent the classical triangle pattern from playing out. A narrative is thus; we pullback...
with some solid buys currently we might be forming a handle here for the inverse cup and handle pattern to form lower red trend line is target if it breaks the purple neckline after a rebound from fib levels at 6800 supply zone down towards 5800-5600 being the final destination after the buys/bids at NY open taking bitcoin up over 6400 we need to see good...
Hello, I recently posted a theoretical idea about how the relationship between BTC and BNB is inversely correlated. Today I am providing a zoomed in point of view for the upcoming BTC movements. Please see original post here: And the corresponding BTC path here: Clearly, the theory is working out as anticipated. Today, I'd like to go zoomed in and...
Trading under 8000 again, we may see another push on the recent highs to finish the week off US open shoqwed quick sell off followed by some solid bids going in gotta break the neckline to be valid these three tests of the support/resistance line show a strong bullish signal for intraday targeting 8250-8300 and then expecting a bounce back down if volume is...
This crazy breakout lead into a head and shoulders, then faked me out and i realized it was an inverse head and shoulders! The MFI, CCI, MF, TTM SQUEEZE, and STOCASTIC RSI all came together to potentially make this push happen! I am trying to publish fast as I think its coming soon : ) This is not financial advice. I would highly advise taking any of my trades ; )
Right now, Ethereum is not showing the best signs of strength. 1.) Its current head and shoulder bottom has a downward slope, however, while Bitcoin has a horizontal slope proving how much more bullish bitcoin is comparatively. 2.) The bottom of the inverted head and shoulder did have less volume and it did show a bullish divergence which gives this inverted...
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.
Pretty much self explanatory.
Inverse charts are useful for finding breakouts as I find it easier to judge support rather than resistance