


The mother of all BTC inverse head and shoulders patterns. A short squeeze past the previous all-time high creates a blowoff top around the $24k level, candle close around the previous all-time high at $20k with a firm rejection off the neckline and the upper bound of the fib channel that's been forming since May 2017. Then a return down to the $6-7k major...
#CrudeOil looking ripe for a breakdown. Coming up on major resistance, and with a breakdown below the 200 and 50 daily MA and a clear break from the rising wedge, the short entry will be confirmed 4.6:1 RR. With continued suppressed demand and cheaper alternative energy, impossible to be bullish.
Bearish H & S forming on the 15m. Wait for confirmation break down across the neckline before taking the trade.
Low risk, high reward 10k long. Invalidates with a lower low.
Great opportunity at an 18:1 RR.
Here are all the price action levels laid out along with a bull and bear case.
Feel the pull of the almighty fib channel magnet. Tops out around 9700-9800, then a plunge back to where it came from.
Expect another quick bounce off the key 9100 level while BTC continues to chart through a bearish descending triangle pattern.
Trend reversal imminent. Buy the rumors. They are a plenty.
Daily chart - running up the centerline on the Bollinger Bands.
Take some profits at 10k and buy your New Years Eve guests something nice to drink. Happy Holidays!
Decent support at .00001850 (Stoploss) with buy backs at .00001625.
Are we seeing a triple bottom reversal with a $25k target by end of year? I sure hope so! Let me know your thoughts. BITTREX:BTCUSDT
Consolidating nicely - watch the inverse from BTC to confirm push before setting your entry.
100 hours from peak to start of push on the last set. Multiplied the last climb by fib 1.618, setting target at .25, 100 hours from last peak.