MrAndroid

Last night on the Asian markets gold broke out above resistance in what was a very promising long term inverse head and shoulders pattern.But is it all a big fake out?The daily candle is currently a big shooting star with price being below the resistance line. It remains to be seen whether this pull back gets bought.

1% move down for gold draws out a bearish head and shoulders pattern on the chart. This is an hourly chart so it doesn't predict a huge drop in price but even so looks like the resistance level above (1981), which got tagged recently, is still strong.

Big picture on Bitcoin is that a large ascending triangle pattern has formed. The current price is just below a large line of previous support and resistance. A move to the upside could indicate a truly momentous move higher. However I would be very wary of potential false breakouts because this is such an obvious play.

The price of a Bitcoin has been dancing around the 20,000 USD level for a few days now but that key level has now once again been breached within a bearish rising wedge pattern.

After a lot of worrying looking sideways movement, this chart has now printed a new O below support, thus giving us a clear sell signal for BTC. PnF charts do not move a great deal day to day so when this does move it is fairly reliable though of course not 100%, there is always possibility of false breakdown.

For a few days the price of BTC has been in a holding pattern. Now it goes decisively down. This is a sell signal

This parallel channel long term chart of Bitcoin has a mid line that has stood as resistance on multiple previous occasions and now I see after several recent retests and a false breakout we now finally see a confirmed breakout.This looks very bullish for Bitcoin in the short term.

Very clear breakout. The cautious might wait for a re-test.

this thing loos like its about to release itself into the wild

Just a simple triangle pattern breakout