{"id":10538,"date":"2020-09-02T11:48:18","date_gmt":"2020-09-02T11:48:18","guid":{"rendered":"https:\/\/tradingshot.com\/?p=10538"},"modified":"2023-04-28T11:50:43","modified_gmt":"2023-04-28T11:50:43","slug":"bitcoin-channel-up-and-head-and-shoulders-combo-for-a-rally","status":"publish","type":"post","link":"https:\/\/tradingshot.com\/index.php\/2020\/09\/02\/bitcoin-channel-up-and-head-and-shoulders-combo-for-a-rally\/","title":{"rendered":"BITCOIN Channel Up and Head and Shoulders = combo for a rally?"},"content":{"rendered":"

 <\/p>\n

\n
\n

Fractal B is replicating the waves of Fractal A almost religiously. What’s interesting, is that the price action since August 03 has formed a Head and Shoulders pattern and this has given me the following idea.<\/p>\n

I looked more into the price action since the March recovery and discovered that (roughly) similar Head and Shoulders (H&S) pattern have formed inside the Channel Up. In fact after every H&S, an aggressive rally follows. Interestingly enough, we may have a new Channel Up (B) emerging after the 2nd H&S formation. It remains to be seen if the current H&S will also create a new pattern after its (expected) rally.<\/p>\n

So do you think the current Head and Shoulders pattern will hold (and as a result Channel A) or it will break slightly lower to the Higher Low trend-line of Channel B?\u00a0Feel free to share your work and let me know in the comments section!<\/strong><\/p>\n

Please like, subscribe and share your ideas and charts with the community!<\/p>\n

!! Donations via TradingView coins also help me a great deal at posting more free trading content and signals here !!<\/p>\n<\/div>\n<\/div>\n

<\/div>\n
Tradingview link:<\/div>\n
<\/div>\n
https:\/\/www.tradingview.com\/chart\/BTCUSD\/C1KNnikD-BITCOIN-Channel-Up-and-Head-and-Shoulders-combo-for-a-rally<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"

  Fractal B is replicating the waves of Fractal A almost religiously. What’s interesting, is that the price action since August 03 has formed a Head and Shoulders pattern and this has given me the following idea. I looked more into the price action since the March recovery and discovered that (roughly) similar Head and<\/p>\n","protected":false},"author":611,"featured_media":10539,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[1636],"tags":[],"class_list":["post-10538","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/posts\/10538","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/users\/611"}],"replies":[{"embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/comments?post=10538"}],"version-history":[{"count":2,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/posts\/10538\/revisions"}],"predecessor-version":[{"id":10541,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/posts\/10538\/revisions\/10541"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/media\/10539"}],"wp:attachment":[{"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/media?parent=10538"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/categories?post=10538"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/tags?post=10538"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}