Bottom
GBPSEK Long / Buy - Double BottomReasons I took this trade:
- Double bottom formed on the larger timeframe / Bounce of strong resistance.
- Pair is oversold on many timeframes.
- Tight stop loss / Good R:R (Risk:Reward Ratio)
- Strong BULLISH candle on 1h timeframe ( Piercing Line Pattern & Possible Bullish Hammer )
- MACD crossover
Entry : 11.44453 (roughly)
Stop Loss: 11.39150
TP1: 11.54250
TP2: 11.65475
Please check against your own analysis BEFORE taking this trade and make sure you are happy to enter.
Open to any critique or advice :)
ICADE - DAILY - Potential Long OpportunityWe can see a triple bottom on this real estate company and developer. Potential buy opportunity once the descending trend started 04/06 is violated. The company was growing and showing solid fundamentals in pre-covid period, earnings release next week.
Always keep in mind it is a game of probabilities.
Bitcoin Long Term Analysis- " No chance to buy back in " not a good mindset when trading.
- My goal is to find the next Bitcoin bottom. Disclosure, I currently have no position in BTC.
- In the long run, the halving will kick in 2021. Look at halving charts.
- First wave of alt season happened. This short term down trend will bring a lot of weekly pump and dumps.
- This is the time to find bottoms and get into juicy positions.
This chart is not the best. Take it with a grain of salt.
When will the scallop/rounded bottom end? XRPXRP Idea
I feel the demand for XRP is high even though price action is low
just my opinion though
Included some key levels
👀 ETH at a Critical Point 🤞Hey guys,
Just a quick one with Ethereum today - it's been trending in an upward channel for some time now, 4 months or so, hitting the high (resistance) line and deflecting to the low (support) line, and back again!
It's currently sat rock bottom on the "Support" line - a great time to open a Long trade, right? Maybe, maybe not. No one could blame you for wanting to go Long here, the odds seem to in your favour; but after a big pump of around 4 months of sustained growth it might just break that support, and if support is broken, down she falls!
We could be looking at lows back at $186 if a break down out of the channel occurs, THIS would represent a cracking time to enter a Long position! Or, (we think more likely) the price will continue within the current channel, possibly not hitting the high end as that would be breaking all kinds of previous resistance!
We're currently going for a Long up to $270-$280 (you watch the price plummet now! :) ), followed a decline in price, to where is still up for speculation!
Most importantly, you should be enjoying your trading, if you're not, you are doing it wrong!
All the best,
theCrypster
Double bottom | CADJPYAfter the successful trade on May 25, today we have new potential at CADJPY.
The price forms a double bottom with a potential of 80.41
If you are not familiar with this formation:
A double bottom pattern is a technical analysis charting pattern that describes a change in trend and a momentum reversal from prior leading price action.
It describes the drop of a stock or index, a rebound, another drop to the same or similar level as the original drop, and finally another rebound.
What Does a Double Bottom Tell You?
The double bottom pattern always follows a major or minor down trend in a particular security, and signals the reversal and the beginning of a potential uptrend.
Consequently, the pattern should be validated by market fundamentals for the security itself, as well as the sector that the security belongs to, and the market in general.
The fundamentals should reflect the characteristics of an upcoming reversal in market conditions. Also, volume should be closely monitored during the formation of the pattern.
A spike in volume typically occurs during the two upward price movements in the pattern. These spikes in volume are a strong indication of upward price pressure and serve as further confirmation of a successful double bottom pattern.
Common mistakes
1.Do not looking for the pattern within an up trend!
2.When the bottoms are equal or second is lower than the first one - this is not a double bottom.
3.Don't be greedy and do not rush, always wait for confirmation.
XRP. Long for pivot and H3. Monthly camarillaIt is good to go are far as I am concerned. Target Pivot and monthly H3
Dont buy dash now, wait its 400 buks?hello Traders,
this is a monthly analise, 2 patterns spotted, diamond bottom & ABCD with TPs arround 200 and 400 buks. Time frame 9-12 and 12-16 month away.
Pre-US election pump tp arround 96-106 buks.
not financial advise, trade safe
PRTY - Potential Bottom Swing PlayParty City is in no way sheltered from the current state of things. Most stores are probably shut down, but with all the increased buying I believe we have hit a bottom and can break up to an upper channel off its most recent move.
I do not have any shares of PRTY but will be looking on monday to buy in the area of 0.58-0.61 if I get the chance. First price target is 1.18 and depending on how strong the move is, I may ride some up to 1.66.
This is only a swing idea, I am not necessarily bullish on PRTY, but I do believe in the swing potential setup here.
Ucrest DailyI-Medic is one of the products from United Crest healthcare:
I-Medic bridges the physical gap between your Doctor and you, allowing you to receive personal care from your doctor no matter where you are.......With the Coronavirus incident, it is important to realize the important of health and the speed of detect symptoms is crucial to get cure as soon as possible, and for the future, almost every one need online healthcare service in order to keep tracking the body condition, the services from UCREST expecting to be benefit from it.
#NCC - good one for #retirement planning this has to be one the BEST stock I have charted today, monthly levels at extreme support, you got so little to lose here & plenty to gain, allocate small chunk & forget for few months years to come!!
USDCAD LONGDouble bottom and a bullish gartley pattern (M), but beware the tendency is downwards since we are moving inside a descending triangle
LONG - BNB - Trading OpportunityLooking into a possible reversal for BINANCE:BNBBTC , perfect bounce from a support that has only been touched twice in more than a year, with a huge multiple bullish divergence on the 12h chart and even the daily. This is honestly looking like the possible bottom for BNB mid-term.
Entry: 0.001700
Target 1: 0.0019583
Target 2: 0.0020798
SL: 0.0016239
CryptoCue is not providing investment advice and is not taking subscribers’ personal circumstances into consideration when discussing investments. Investment involves a high degree of risk and should be considered only by persons who can afford to sustain a loss of their entire position.
CryptoCue is not registered, licensed or authorized to provide investment advice and is simply providing an opinion, which is given without any liability or reliance whatsoever. The information contained here is not an offer or solicitation or recommendation or advice to buy, hold, or sell any security. CryptoCue makes no representation as to the completeness, accuracy or timeliness of the material provided and all information and opinions provided by CryptoCue are subject to change without notice and provided on a non-reliance basis and without acceptance of any liability or responsibility whatsoever or howsoever arising. You hereby irrevocably and unconditionally waive, release and discharge: (a) any and all accrued rights and/or benefits you may have against CryptoCue in respect of any opinion expressed or information conveyed by CryptoCue at any time; (b) any and all Claims you may have against CryptoCue arising out of any opinion expressed or information conveyed by CryptoCue at any time; (c) CryptoCue from all and any claims (whether actual or contingent and whether as an employee, office holder or in any other capacity whatsoever) including, without limitation, Claims you may have against CryptoCue arising out of any opinion expressed or information conveyed by CryptoCue at any time. ("Claims" shall include any action, proceeding, claim, demand, judgment or judgment sum of whatsoever nature or howsoever arising.) You hereby agree to indemnify and hold harmless CryptoCue in respect of any and all Losses paid, discharged, sustained or incurred by CryptoCue in the event of bringing any Claim against CryptoCue. (“Losses” shall include any and all liabilities, costs, expenses, damages, fines, impositions or losses (including but not limited to any direct, indirect or consequential losses, loss of profit, loss of earnings , loss of reputation and all interest, penalties and legal costs (calculated on a full indemnity basis) and all other reasonable professional costs and expenses and any associated value-added tax) of whatsoever nature and/or judgment sums (including interest thereon).
Quaterly Low :-{} Well a reveersal to take out Traders on Top still possible but the Low (red box) would be my bearish target.
Have We Actually Hit the Bottom Yet?Have we hit the bottom yet? Weekly 200MA which many people use point towards a double bottom test that we have had, yet other indicators which I believe are more useful in showing accumulation zones show that March's drop to 4k was not actually a second accumulation zone.
You can check out this chart I have uploaded.... ibb.co
CVDD and Balanced Price are really good indicators showing us where the market has bottomed. It does not appear to show a second accumulation bottom which the weekly 200MA does indeed show. Staying in the 4.2-4.5k zone for a short period of time I believe will be the true bottom.
Where is the ETH Generational Bottom?Are we going to shakeout the strongest hands before the moon mission? I like fractals and I have done numerous analysis that says the bottom is not yet in and this is something I just uncovered. Would be really interesting to see this play out. Let me know what you think!
can be a double bottomthere can be a double bottom on nas.... how we do it???
we will wait for a doji n price action to buy. lower lows and enter. stoploss of 10pips so that we dont loose much if market hits you.
