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Double

Should hit ATH in 36h!Lucky me I bought that just a two days ago for 30 sats! I think this coin have potential and may hit 1000% from current price 70sats. Finishing ABCDE Elliott correction waves so should start rising soon. Keep eye on Bitcoin price because when it will start rise this coin may dump! Very interesting coin, still under radar! Please DO YOUR OWN RESEARCH! Trade with caution, this is just my point of view. If You agree and getting nice profit please contribute to my accounts for motivation! Every contributor will get +3 karma points! :)
B
by fairplay47
Double Bottom to Reverse Current Downtrend?A double bottom looks to be forming on BTCUSD. It is still to soon to completely call it as a double bottom, but keep watch of the pattern. At 13,000 level recently a double bottom formed with very similar characteristics as this one and that led to a major trend reversal. This could be the trend reversal that we have all been waiting for. Happy Trading! Please donate if you like what I do! :) bitcoin: 1NTkRex1gE2iJ63sFQHNpFYkBoeZ3w69FZ burstcoin: BURST-S9HQ-84BX-CXX8-4RKBC
BITSTAMP:BTCUSDLong
by stupendelious
GBPAUD 1h Price action Short."Personal Journal" Reasons: Seller trend on 1h charts, waited for a pullback, the first pullback already got rejected on resistance. We then get another pullback that showed a double top and a drop, followed by what seems to me like the final buyers try (got this try because of News an hour ago). Got in after a big "Pinbar" on my precision timeframe (15m). Feeling a bit worried because that resistance have been challenged 3 times already, may be a signal of sellers getting weak so I consider this as an aggressive entry.
Short
by Koutta
Bitcoin Double Bottom?Bitcoins looks to be having a double bottom. RSI confirms double bottom. I definitely see this pair having the possibility of going lower but if it does, I would imagine it would only stay lower than this for a few hours at most in the short term (December 10-17). Long term (December 17+) I really don't know where bitcoin will go. Many people are calling it a bubble that will crash soon, but those are the same people who called it a bubble at $1000 so I have learned that their opinion really has nothing to do with the actual state of the market. Till the CME Group comes out next week, the market should overall be bullish, as many big players see the CME Group as the integration of bitcoin into the larger world economy. Happy Trading! Please donate if you like what I do :) Bitcoin: 1Fu8qMYLGhmy43J3BsLc68iMkvZdWmx96r
BITSTAMP:BTCUSDLong
by stupendelious
1
Bitcoin: The case for a move down.Bitcoin has grinded its way back to the 61.8% fib retracement of the fall from ATH to the recent lows of 5550. The 61.8% also happens to line up with previous support and the psychological level of 7000. Would not be surprised to see a move back down into 6000 and lower over the next few days. If 7000 does not hold to the upside 7200-7400 would be last bastion before a continued press higher and new ATHs. However I do not recommend shorting this beast as that's a good way to burn your account. Let me know your plan / thoughts below on bitcoin from here. Good trading all. Luke
BITSTAMP:BTCUSD
by Beebags
Bitcoin: BTCUSD Trying to double bottom here at 7077Bitcoin: BTCUSD Update Over the last 12 hours or so Bitcoin has formed a continuation channel , dropping out of the lower parallel as London opened and falling away, making a bounce from support line centred around 7150 and then rallying up to the next listed old support/new resistance line at 7250-7274 where it fell away again under the heavy weight of all that structure recently built directly above it. This is perfect price action for plugged-in day-traders working with the smallest spreads - which brings us back to Goldmans and Co. It would be so educational to watch their Bitcoin desk for a day. It should be a prize in a trading competition. Right now, Bitcoin is retesting the lows at 7077 again, and flipping between here and the next old support/new resistance line on chart at 7150. we know that 7077 was the original start point of yesterday's big rally - so Goldmans etc will try to push it down below here to take out stops underneath and then if it doesn't start to rally from 7077, where they want it to, as per shape of this decline so far, and price gets stuck under 7077, they'll start to unload again and look to pick it up again at 6960-6930 key support. So it's a speccy buy at 7077 but with a tight stop at 7050 because if it breaks here it will come back to major support at 6960-6930 where it's another buy with stops under 6900. So there are two points of interest for buyers today: 7077 with stop under 7050 or 6960-60930 with stop under 6900 if the first shot fails. We were looking for a potential double bottom to form...it should do it here or from the next line of support at 6940 if it's going to do it at all. At all costs, 6900 must hold up to all bear raids today - any failure to do so would tip Bitcoin into serious bear territory, signalling further intense selling pressure back to 6312 at least, and potentially to 6165. A good short if we see it at any point with stops above 6960. Be Lucky
BITSTAMP:BTCUSDLong
by sumastardon
EURCHF decelerating at ResistanceHello guys, this is my first published Idea. This is one of my favorite setups, a double top with deceleration at strong resistance. The EUR gained strength against the CHF however it seems that the bears will soon begin taking over. Looking at the higher timeframes such as the weekly and monthly, price is still overall bearish. Keep in mind that the recent bullish trend we've seen on the daily is just a pullback on the monthly. Price has now come to retest the 1.15 level which also coincides with the weekly 0.618 fibonacci retracement level. Adding to our confluence stack price is also decelerating, formed a hightest and furthermore we have massive bearish MACD divergence. This is enough confluence for me to short this pair up to next support. I would advise to protect your stop above recent price action. Only trade up to 1.5% of your account per trade. Happy trading!
Short
by Schlabberlatz
4