Inverted Head and Shoulder, to the moon?

2017年3月29日

Posted this on my other STIA trading account, but need to move over to this one for the long term.

Nice pattern formation. Lines up with the resistance points from the IH&S of January's big dump and recovery.

2017年3月31日

註釋

After a bit of chop, it seems the price is ready to continue on upward. Once the 4h SAR's are broken, there shouldn't be much resistance to stop further climbs to the next target of 1120.

2017年3月31日

註釋

A close outside the 4h bands will happen in a few minutes. From there the next point of resistance will be 1120, followed by the 1150-1170 area over the next few days.

2017年4月4日

註釋

Updated chart:

Wouldn't short it just yet though, momentum on the daily view has just turned green and I think that will push us on to 1200-1250.

2017年4月4日

註釋

2017年4月4日

註釋

If you look on the 1 day view, the BB is close and if we close on a daily candle outside the bands... we will probably go to new all time highs.

2017年4月4日

註釋

This trade has been going well, though I think we are looking quite bullish and the 1D candle is going to close outside of the bollinger bands potentially even tomorrow. This would break the H&S pattern which I've drawn up, and will set us up for a big bull run that makes new all time highs. Keep an eye on it. If the 4h SARs switch on Bitfinex we will go down to 1030-1040.

2017年4月4日

註釋

4h SAR swapped, we should be going down to about 1030 Finex now, assuming it plays out. Momentum needs to turn red and then reset before heading back up, on both 2h and 4h time frames.

2017年4月5日

註釋

Target 1030 finex. Pink line only a rough indication of the path we will follow.

2017年4月6日

註釋

Closed my short off once I realised this thing was turning around, just before the daily candle closed. Subsequently went long at 1090 OkCoin Quarterlies and now waiting for the pump up which leads to a close outside the 1D bands; locking in a bull run that will hopefully take us up to 1250 and new ATH's.

2017年4月10日

註釋

Nearly at the top.

2017年4月12日

手動結束交易

SegWit activation on Litecoin pulled everyone over and I closed my trade. This is pretty done and we are in for a drop unless it miraculously bounces off the finex neckline.