Just got a nice bull candle to end the day on the 4hr chart that took us above the current bearflag we were in and turned it into an inverted Bart. However, in order for this break to eb confirmed and not just a fakeout we need to see. the new 4 hr candle maintain itself above the 4hr t line(in tan). the potential climb is $7300 with the rsi and stochrsi where...
LTC had created a nice W formation and has now formed an inverted bear flag at the end of it. This could be a good potential short setup. We want to watch for first a break of the 50 EMA and then a break of lower trend line with confirmation. If we break the lower trend line we will likely head back down to support around $116 then $109 if that doesn't...
The recent dip back to the 4hour 50ma has us looking for a bounce and hopefully forming another higher low to continue the series of higher lows/higher highs. However, it sent a bear wick under the 50ma before bouncing back upward and that wick dropped down to the exact level it would need to complete the head of a new potential head and shoulder pattern. Because...
A good sign for the bulls as BTC has now broken upward from the bull flag it was in on the 1 day chart which has allowed it to break above both the inverted head and shoulder pattern and the falling wedge as well. It is still seeing resistance at the 4hr charts 60 line on the RSI but as soon as we can break above the 60 on the 4hr rsi and flip it to support I...
If we trigger a bullish break upward from both the inverted head and shoulder pattern and the falling wedge pattern we will next be testing the much larger triangle pattern we are inside's top trendline. Breaking upward from the bigger triangle pattern has the potential to take us to 20k+ and saeeing how we are nearing it's apex as well I think up is going to be...
Possible inverted head and shoulders short term bottom. Ascending triangles on up and then we should fall a bit to cool off. RSI will soon be overbought short term. But afterwards, possible rally to ~$890 levels.
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.
Hi, This is my first Trading View trading idea attemp and this is more a question than an idea... Didn't we manage to finish the inverted head and shoulder pattern? Shouldn't it go up instead of going down... :/ ?! I guess that we miss a candle close above the neck line, right? Cheers and enjoy my 1st crappy trading idea :D !! Ad
The past 3 4hr candles have been somewhat indecisive closing as dojis with the most current 4hr candle started by dipping down low as a red candle all the way to the support line of the TLine(in yellow) before bouncing back upwards. Thecurrent minor retracement/dojis is mainly due to the RSI reaching up and touching the 70 range on the 4 hour...However the RSI is...
Bitcoins bulls have been unstoppabull recently and witht he current price around 11430 it only has to reach 11600 to be firmly above the neckline. If it can close above on the 4hr and then close another followup 4 hour candle above that, odds are very good at that point that we have a valid inverted head and shoulders on our hands....those who have been following...
Today's 1 day candle has closed as a green spinning top giving us a confirmed breakout from the descending chqannel and also taking us another big step closer to having a valid massive inverted head and shoulders pattern. The Galaga Battleship is nearing completion and readying itself for blastoff....will have to break the neckline and have both a 4hr candle c...
Sometimes inverting a chart helps to see patterns more clearly. I've inverted the BTCUSD daily chart, and the head-and-shoulders pattern becomes more visible. Does this chart look bearish? Indeed it does, which is bullish for bitcoin. The neckline is at $12k. A sustained break above this level has a target price of $17k. It would likely take a month for...
Thanks to the sudden burst from the bulls a cup and handle pattern is currently in play...which is just the type of thing we would need to be able to break above the descending grend channel top trendline which is necessary to break the neckline of the inverted head and shoulder pattern....We shall know if we have a cup and handle pattern on our hands within the...
Shown here on the 4 hour chart I have a dotted horizontal white line representing the neckline of the head and shoulders pattern. below that I have connected a yellow dotted trendline from the low of the first shoulder to the candles we currently have now on the 2nd shoulder. I also took a dotted white line and made it run parallel with the necklines slope...one I...
Hey all just an update...I've pulled my btc position via stop loss last night at around 10490 but have decided to leave ethereum in for now as its doing well with robinhood...As the price continues to pullback the good news is an inverted head and shoulder pattern is still very much in play....however as you can see with the small yellow dotted lines that show the...
We got a welcome and relieving sign after all the carnage of the previous day a few hours ago at the end of yesterday's 1day candle...the downtrend on the 4 hour chart ended the day with a bullish green reversal doji, and we are now seeing what is so far a reasonable bounce up off of the multi support convergence of the 4 hour chart's 200EMA(in grape), 50EMA(in...
The Bull run continues. was happy to see the momentum happening today. I added to my position at the near-bottom of today's candle's dip (10300). It surpassed the red fibline and may be keeping it as a line of support depending on how today closes out. Today's best trading probability opportunities would be small laddering in at 10300 and profit taking just below...
The neckline has been breached in big fashion! However not as much volume as you would anticipate to go with it....that may very well come today. it has blasted past all recent lines of resistance and now seems to be forming it's new resistance line with the green fibonacci retracement line. We may most likely see it bounce back down and see the inverted head and...