BerlinTrader591
Long

DASH Breakout Target: $1900

BITTREX:DASHUSDT   Dash / Tether
Great Reverse Head and Shoulders here on the 4 hour chart.

Very Bullish Pattern

4 hour charts are the best for Crypto Currencies because they give us more pattern recognition than the Daily Chart and less volatile chaotic noise than the 60 minute charts.

A very classic bullish pattern .

If we break out above this 1160 area, which is also the trend line forming the neckline of the Head & Shoulders .

Our targets will be based on the Fibonacci retracements and extensions.


Target 1 (take 25% position) = 1268 / 61.8% retraacement
Target 2 (take 50% position) = 1500 / former all time highs
Target 3 (take 25% position) = 1913 / 161.8% Fibonacci Extension


Support my work by following me!

Berlin Trader
Support me by signing up:

Sign up to TradingView charts:
http://tradingview.go2cloud.org/SHxi

Sign up for TastyWorks - The Best and Safest Broker
https://start.tastyworks.com/#/login?referralCode=PYZTJG8GJA

Twitter:
@BerlinTrader591
Hey there !
How do you analyse this ? is it a false breakout ? head & shoulders pattern is now invalid, I imagine ?
DASHBTC seems still bullish.

I would be interested to have your thoughts on how to debrief a trade that did not turn out as expected (hoped ? :-) ).
Thanks !
Antworten
Berliner?
Antworten
@EBMH2012, Yes that pattern is invalid now. It broke out but failed. Right now it is a mess. So we wait until something with defined levels develops. Living in Berlin!
Antworten
DE Deutsch
EN English
EN English (UK)
EN English (IN)
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Startseite Aktien-Screener Devisen-Screener Krypto-Screener Wirtschaftskalender So funktioniert es! Chartmerkmale Hausregeln Moderatoren Webseite & Brokerlösungen Widgets Stock Charting Bibliothek Feature-Anfrage Blog & Nachrichten FAQ - Häufige Fragen & Antworten Hilfe & Wiki Twitter
Profil Profileinstellungen Konto und Abrechnung Meine Support Tickets Support kontaktieren Veröffentlichte Ideen Followers Ich folge Private Nachrichten Chat Abmelden