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Double Bottom

Timeline for the minor bull market (based on RUNE chart)RUNEUSDT chart gives a comprehensive outlook on when the current bear market can probably end and the interim (minor) bullmarket start. I'm not speaking about the major bullmarket similar to 2020-2021, which obviously is determined by Bitcoin's halving cycles, but rather an interim smaller bullrun with lower highs, which are nevertheless enough to cause high retail demand and money flow. The downtrend set by the highs of THORChain (Rune) intersects the 'projected' price of RUNE approximately in 6 months, forming a perfect double bottom. This is especially remarkable, since right now we are in an upthrust (bull trap, if we agree with this logic) which may lure many retailers in what they believe is a 'recovery', although it is not. The fact the the line of the downtrend being projected further forms a second bottom mirroring the already formed one, made me think that this can be an indication of the end of the bear market (when the price breaks above the trendline). Of course if you look at any other crypto chart, including BTC, you also will be able to see this ~160 day bottom we've gone through by now with a minor upthrust we're currently in, but RUNE is the first chart where I so a second visible confirmation in form of intersection between the end of the second bottom (not yet formed) and the projection of the trend line.
by s-dyorin
2
GBPAUD > The Best Possible Levels for A Good Buy Entry!! Analysis of #GBPAUD Hi traders, today we will have a look at #GBPAUD as you can see we have the market dropping down to test the lows near 1.7500, currently the market is at the resistance zone, if you look at the left side of the chart you can see there are multiple levels of resistance in this area so I expect the market to test the lowes, we have 2 levels that interest me, the 4-hour structure support level and the daily structured support level as laid out on my chart if the market drops and test this zone I will then drop the lower time frame looking for a double bottom, or bearish candle formation, better if I get a harmonic pattern I can then enter with a limit order, lets what the market will give I hope you guys found this helpful, if you are new here click on follow, to get these ideas delivered straight to your email inbox, I will see you guys at the next one Thanks for your continued support!
by TheTradersAvenue
7
Filecoin Short-term TargetsQuick post - Filecoin broke out of a falling wedge on the daily and is headed towards the 200 day EMA and wedge breakout TP 1 if it can get and hold above the EMA. Conditioned upon reaching the falling wedge breakout's TP 2 @ ~$10.70, which would take it above previous high of ~$9.75, that opens up the possibility for new targets for a double-bottom recovery. Get and hold above 9.75 and we have a confirmed double-bottom targeting $14.58 and then approx $17. Short-term chart here, but I've previously posted a much larger falling wedge breakout that happened quite some time ago but has been consolidating ever since. That possibility still exists should everything above occur and DXY doesn't turn back up shortening recoveries across markets. If conditions remain favorable, we could see a double-top on the HTF chart. See link to related idea below: This fell further than expected and has consolidated further than expected, but is still possible given the considerations mentioned above:
COINBASE:FILUSDLong
by dudebruhwhoa
5
FARM Wedge and W Pattern TargetsA ton of different alts making the same patterns. Smaller wedge breakout is headed towards the 200 day EMA (also halfway point towards TP 1) and then TP 1 and then 2. Smaller wedge reaches all its targets and remains above middle of W pattern, W pattern / double-bottom recovery begins and heads towards its TP 1 and 2 (with its halfway point to TP 1 equal to smaller wedge TP 2) Longer-term wedge success likely hinged upon all of the above succeeding, while DXY must not turn up quickly and strongly from where it is now (needs to continue moving down below 100, or hang out b/w 101-103 for a good while prior to moving up). Also be wary of Bitcoin Dominance, which looks bullish atm. If conditions are met, long-term target looks to be a slightly lower high double-top, for now. See related ideas in the links below, again many alts are making nearly identical recoveries along w/ Bitcoin.
COINBASE:FARMUSDLong
by dudebruhwhoa
3
Will BTC repeat this identical pattern as it did in 2015? Hi dear community and my loyal followers. Let me bring your attention to this important historical data. As you know I told many times that 2021-2022 bear market look like more likely to 2015 than 2019 taking into account many factors)). That's why in this analysis I'm comparing 2021-2022 bear cycle with 2015. Look at price action bellow 5D gaussian channel, do you see the identical move of the price from 1-7 steps? In 2015 when price approached to mid point of Gaussian channel and range high(#6) it dumped making 2d bottom(#7) , So I expect the same move to be happen now. Price is approaching to mid point of Gaussian channel(#6) and more likely will retrace to 19K+- making double or even triple bottom counting 17.5, 15.5 and potential 19K+- lows. (#7). BTW when price reaches 24.5-25K it will be weekly 50 and 200 EMA also multi-months diagonal resistance. /I will post it a little bit later on regular chart. I also expect such kind of move coz a lot of moon-boys turned bullish and opened long positions at 22.5K and expect 28K+ prices. )) If you like my ideas and analyses, don't forget to like, follow and leave a comment please. I appreciate any single tweet.
BITSTAMP:BTCUSD
by ergal91
XRP just fractions of a cent away from hitting the dbl bttm trgtthe green horizontal was the double bottom neckline. the dotted green target is the measured move target from the point of breakout above the green neckline to the measured move target….as we can see mere fractions of a cent from reach 100% of the target! Should hit on this follow up candle. I would also not be surprised to see this follow up candle retest this purple line. If we can retest this purple line as solidified support for enough candle closes then we can then look forward to the next higher measured move target that ends at the room at the dotted ascending purple line. Wen price is this close(less than a pip) it’s close enough for me to proclaim target hit! This should help us confirm the break up from the monthly symmetrical triangle pattern before too long *not financial advice*
BITSTAMP:XRPUSD
by DrDovetail
2
DOW Headed up to 37 -> 40kQuick post - Daily 50/200 EMA shows a golden cross, W pattern / double-bottom breakout re-tests have succeeded in staying above the upper trend-line. It also continues bouncing off the 50 EMA. We may find some resistance in the area of the red box. TP 1 is ~37.8k, TP is ~40.2k, expecting a pit stop around 35k in the resistance area as it makes its way towards suggested targets. DXY finds new troughs in correlation with DJI finding new peaks. Our recent lows on DJI correspond to DXY's recent peak. DXY has fallen back to the area where it broke out, suggesting a recovery. Should it remain below 102-103, that recovery could be extended. If it gets and stays well above 103 again, this recovery will be short lived. If DXY turns up above 103 and becomes bullish again, we could see a double-top instead of reaching targets above previous ATH.
TVC:DJILong
by dudebruhwhoa
1
NASDAQ can move higher? 🦐NAS100USD on the daily chart has created a triple bottom. The market tested a few times the weekly support at the 10700 level and we notice how after the first 2 tests the market went up for a distribution phase. It is interesting to see the liquidity grab before the next bearish leg to the support where, also thanks to the recent news we had a new inversion at the support level. How can i approach this scenario? Being Friday it will be risky to open a position but IF the price will break above the resistance area we can set a nice long order according to the Plancton's strategy rules. ––––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> <4h structure. Here is the Plancton0618 technical analysis , please comment below if you have any question. The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
OANDA:NAS100USD
by InkyGrip
4
BTC flashed Historical and powerful signal !! Short macro update Dear community, I'm looking at 2w timeframe chart of BTC. Good new for bulls )) BTC flashed Historical and powerful signal)) 😉😉 2W MACD bullish cross bellow 0 line has never given false signals and happened 3 times in its whole history)) After that multi-months rally started. BTW in every bear market BTC started its bull run when 2w MACD bullish cross happened and at the same time BTC succeeded breaking multi-months diagonal and horizontal resistance drown on the chart making completing double bottom pattern with multi bull divs. Don't forget to like, comment and follow me. I appreciate any single follow.
BITSTAMP:BTCUSDLong
by ergal91
4