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Double Bottom

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
COIN LONG after a reversalCOIN's long downtrend reversed after signs of the end of the crypto winter and SBF brought to justice to clean up the crypto industry. Moving averages show the inflection and new uptrend. On the volume profile, the price rose over the POC line showing that buying pressure exceeds selling pressure. The chart pattern shows a double bottom late December and this past Monday clearly establishing a key support level. This looks to be a good swing long with a target being the 0.5 fib level of the retracement from the downtrend. Call option contracts are a good alternative to a sizeable trade of stock.
NASDAQ:COINLong
by AwesomeAvani
2
Long BTCUSDT Bitcoin is making a spring and doing the Wychoff's accumulation, beware of shorting at the support. The whales are manipulating the price action to traps retails to short the bottom and reverse it up. Investing and trading is a game of probability where the market moves up, down or sideways. Hence, the probability of a trader winning is around 33.33%. The crowd and retails are always wrong, people are too bearish at the bottom of a cycle and too bullish at the top of the cycle. A lot of traders try to be right after I warned about the institution Wychoff's manipulation and some refused to listen and give into whales manipulation. Some traders tried to aim for 10k price for BTCUSDT to buy the dip, but it never happened, the only way you can get rich is to buy at 16k and HODL. Talked about it so many times and yet people still love to donate to the market trying to be smart. The cryptocurrency , Bitcoin or BTCUSD is now trading at the golden support again with whales manipulating retails to short at support before doing a Wychoff's accumulation and reverse to the upside. The manipulation was a huge success but I tried to warn the stubborn poor retails traders but yet they refused to listen. Only few listened, I hope they are in profits now. Bitcoin prices had been ranging around at 15k-17k as I said and now it had made a double bottom , soon it will continue to go up and everyone will get rich. A double bottom of a double bottom . It had made an impulse correction and soon will go to 35k to fill the gap and beyond, to da moon. On weekly, the chart had not broken the low and is making a higher high, soon it will go to the moon, buy now. Amplify your gains by using leverage, long here and u can be filthy wealthy. Time to go all in and get rich. Bitcoin or btcusd had made a double bottom technical structure. Bitcoin is doing the same Wychoff's accumulation and soon shall reverse the trend and bottoms here. Do not be tempted by whales to short on bear traps!! Warning, DO NOT short the market and get short squeezed. Buy the DIP. I see a lot of retail traders lost money shorting bitcoin at 17k instead of buying it, this is your last buying opportunity before we move up to 35k to fill the CME gap. The whales had been doing manipulation on bitcoin and ethereum . It had already made a 5 waves up and will do a correction before pushing further up to 35k to fill the cme gap. DO NOT MISS THIS last chance to buy the dip opportunity. The whales are tempting you to short bitcoin so that they can push the prices up by doing this sideways movements. Do not be deceived by the whales manipulation. This manipulation by whales are food for them as retails traders getting liquidated easily. The whales are accumulating. It is trapping breakout traders to short here, this will bottom here. Long btc . Sick of this sideway obvious manipulation by whales. On a higher time frame, it made a impulse and ABC correction, soon it will moon and everyone will get rich like WOW?! This is not a signal and do not follow but a trade idea. Use your brain to trade and don't follow blindly! Disclaimer - This analysis alone DOES NOT warrant a buy or sell trade immediately. Before you enter any trade in the financial market, it is very important that you have a proper trading plan and risk management approach
Long
by Future_Wei
2
I think Bitcoin's bottom is inHello. We can see RSI has broken its ~1 year downtrending trendline from feb 2021 on 3D ( also on daily and weekly ). Tells about possible trend change . Double top from 69k and head and shoulders targets hasn't been able to met. ( Not enough sellers? ) Price was pressured down with 25EMA (yellow line highlighted with red arrows), and has broke it now. 18 500 is a strong resistance. If Bitcoin breaks 18 500 and stay on top of it, for me this FTX panic drop was to shake people out and trick them to wait for "lower prices" Market sentiment has been really negative for a long time and people have been waiting for 14, 12 and 10k so we probably won't even get there. Also there has been many news again how crypto is dead etc etc
Long
by PalenTrade
3
Flagging on the 5-YearAAPL is looking quite nice here after reclaiming its 50-Day SMA. AAPL is currently testing the upper trendline of this falling wedge on the daily timeframe, while simultaneously flagging on the weekly timeframe, accompanied by a bullish butterfly harmonic pattern, a MACD golden cross, and a double bottom (See Attached Chart Below). While all signs point to bullish, personally, I would like to see some consolidation prior to scaling into some Feb 2023' Calls to play the run-up to its earnings in January. Nevertheless, AAPL is still looking primed for a breakout on the daily timeframe holding a falling wedge with buyers stepping in as depicted on the RSI along with some bullish hidden divergence. Bullish and will be looking for a breakout from this wedge (Broader Market Conditions Permitting). Just some support and resistance levels to watch along with some RSI-based supply and demand zones to keep an eye on in the meantime- Price Targets & Previous charts are attached below PT1- $152.48 PT2- $154.12 PT3- $156.98 PT4- $160.14+ Weekly Timeframe Previously Charted
NASDAQ:AAPLLong
by jacobosiason7
1
HINDUSTAN COPPER LTD - Keep an Eye + Double Bottom Pattern 📊 Script: HINDCOPPER (HINDUSTAN COPPER LIMITED) 📊 Nifty50 Stock: NO 📊 Sectoral Index: NIFTY METAL 📊 Sector: Commodities Metals & Mining 📊 Industry: Non - Ferrous Metals Copper Time Frame - Daily Script is forming Double Bottom Pattern as shown in a chart. Key highlights: 💡⚡ 📈 Script is trading at upper band of Bollinger Bands (BB) and giving breakout of it. 📈 MACD is giving crossover. 📈 Double Moving Averages also giving crossover. 📈 Volume is increasing along with price which is volume breakout. 📈 Script may give breakout of Double Bottom Pattern. 📈 Current RSI is around 65. 📈 One can go for Swing Trade ONLY ABOVE 125. BUY ONLY ABOVE 125 ⏱️ C.M.P 📑💰- 123.40 ⚠️ Important: Always maintain your Risk & Reward Ratio. ⚠️ Purely technical based pick. ✅Like and follow to never miss a new idea!✅ Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes. Eat🍜 Sleep😴 TradingView📈 Repeat🔁 Happy learning with trading. Cheers!🥂
NSE:HINDCOPPERLong
by radha_23
2
The Doube Bottom Pattern - Bullish PatternThe **Double Bottom** is a price action pattern that is indicative of a trend change once activated. Price needs to establish a bearish expansion towards the lows before reversing with an impulse. The impulse then needs to get sold into; this will create a retest of the previous low that must hold. Price action will establish a “W” structure which become a sign of demand that leads to a bullish expansion. Key Characteristics of the **Double Bottom** - Price Action must first establish a bearish expansion - The retest of the previous low most hold - A ‘W’ like formation will confirm demand at the lows
Education
by AzizKhanZamani
1