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Double Bottom

BTC Elliott wave count!!! 5th wave is coming. BTCUSD BTCUSDTHi dear community and my lovely followers. Today I'm looking at weekly timeframe and want to count Elliott wave from 2018 bear market bottom to the current price. As you see, I think the correction started from 2021 November is a wave 4, which consists of ABC corrections). At the moment BTC is going to complete 5 sub wave of C wave or it has already completed . BTW 4 wave can't go bellow wave 1/14,000$/: That's way I posted in my previous analyses that I think the recent dump was a bear trap/fake breakdown/ with double bottom formation + RSI bullish divergence. And mentioned my worst case scenario is 13.7-14K but more likely 5th wave starts from current point, coz BTC always surprises everybody and now almost 99% expect lower prices as 12-14K or even lower 8-10K like they were waiting 100K+ in November 2021))). Besides if you check bellow related ideas, you will find more than 20 analyses which proves BTC bottomed at 17.5K in June 2022 and it was real bottom based on my TA and history data. If you like my ideas, don't forget to follow me for further updates and ideas. I will appreciate any single follow. Thanks in advance.
BITSTAMP:BTCUSDLong
by ergal91
BILI - will the next break up succeed?Chinese stocks have been on a roll recently due to a combination of factors: 1. the potential easing of their zero-covid policy 2. hope that the tensions between US and China could be thawing after the recentG20 summit 3. very attractive valuations Preferably we wait for a breakup and a retest back towards the neckline and with higher lows in place. Disclaimer: Just my 2 cents and not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance and don't forget that money management is important! Take care and Good Luck!
NASDAQ:BILI
by Juliac
Upward movement for GOLDhello guys... as you can see in chart gold break last descending trendline and formed a double bottom and i thing as height as this pattern go upward. in lower low we can see reaction to little kink in LTF and a quasimodo pattern and after that price do a nice hunt by shadow and start upward movement. always do your own research. If you have any questions, you can write it in comments below, and I will answer them. And please don't forget to support this idea with your like and comment.
OANDA:XAUUSDLong
by melikatrader94
9
Double bottom forms on USD/JPYUSD/JPY remains within a bullish trend on the daily chart, although prices have retraced -9.4% from its 24-year high. Prices have held above the 137.70 area and produced a double bottom pattern, with a bullish divergence on the stochastic oscillator. Two small bullish hammers have also formed to suggest the markets is trying to form a swing low. The bias remains bullish above the recent low, and we anticipate a break above 140 and an initial move to 142.
Long
by CityIndex
T Mobile TMUS Swing ShortTMUS onthe one hour chart has shown first a double bottom band touch ten days ago and then a double top band touch around Thanksgiving. The squeeze oscillator is shown a narrow volatility range over recent days. This is setting up for the volatility pop to make for a swing short with a stop loss above the upper Bollinger Band 5 put option for Friday Dec 2 @ $ 149 the five options went up 56% today; took one off today then another tomorrow. if trend continuation is seen.
NASDAQ:TMUSShort
by AwesomeAvani
DXY Analysis (Long/Buy Opportunity)- After the previous bullish momentum price eventually met monthly resistance. -Price then began making Lower Highs and Lower Lows, before the huge sell off. -Price then found support at the weekly support/demand zone and formed a double bottom (bullish reversal pattern) -I expect price to either met resistance at the neckline or perform a break and retest. - A break and retest of the neckline will allow price to form a lower high. - I am expecting price to ultimately make a bullish move to test the 50.0 Fib level, which also aligns with the weekly resistance/supply zone and the previous lower low.
TVC:DXYLong
by NoCeilingsTrading
2
Possible double bottom? I'm bullish on LTC, trend is positive and a double bottom already happened, but expecting crypto market dump soon so lower prices ahead are to be expected IMO. This is also confirmed by negative (statistical) skewness trend (pale red line), and negative volume trend yet to breakout. I see a possible double bottom forming on LTC on an important resistance. Based on previous volatility, I expect a sigma 3 move (3 standard deviations) to the upside as target for the pattern and next peak, which is about 110, which is also an important price level.
BINANCE:LTCUSDLong
by ManuNotWill
WBT - Potential Bullish Reversal!Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst. on DAILY: Left Chart WBT is approaching a strong demand zone so we will be looking for buy setups. on H1: Right Chart WBT is forming a double bottom but it is not ready to go yet. Trigger => for the bulls to take over, we need a momentum candle close below the gray neckline. Meanwhile, until the buy is activated, WBT can still trade lower till the daily demand zone where we will be looking for new buy setups. Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
by TheSignalyst
15
SPDR Bottom Support bendImportant: ****** With INTRS symbol added to compare and find points of bottoming, please enable AUTO and % to the chart) ******** I added the Interest rate line to check how long will it take to the market to start climbing out from bottom Pivot (once reached there), while comparing it to other yearly crises When Interest rate gets to the highest point during a down trend period (Bear market), it will stay there for quite a while (about 3-5 months) before the fed starts decreasing interest rates again 2000 Dot-Com Crisis Interest rates peaked at 6.5% 5/2000-12/2000 7 months interest rate stayed at peak 8/2000 Market peaked at 152 9/2002 - Market hit bottom (Pivot) 5/2000- 9/2002 From first time market hit highest Interest rate till bear market bottomed 8/2000 - 6/2007 Market took almost 7 years to go back to highest peak from 2000 2008 house market crisis Interest rates peaked at 5.25% 6/2006-8/2007 (1 year and 2 months stayed at peak) 10/2007 Market peaked at 154 (***** ONLY 2 POINTS HIGHER THAN 2000 PEAK ******) 2/2009 Market hit bottom (Pivot) 6/2006- 2/2009 From first time market hit highest Interest rate till bear market bottomed 10/2007-03/2013 Market took 5.5 years to go back to highest peak from 2007
AMEX:SPY
by AstockMaster
My Analysis on XAU/USDI have a long bias on OANDA:XAUUSD There are some points on which bases I made my bias on gold: -Firstly, if we go on a daily TF we can clearly see the dow theory giving a long signal by breaking the LH, the triple bottom neckline breakout made a HH and retested it and will make a new HH most probably. -Now on an hourly TF we can see and little descending trendline breakout and kind of double bottom neckline breakout. Plan: GOLD LONG: Entry: 1754.4 Tied SL: 1748.6 Ideal SL: 1746.4 TP1: 1759.8 TP2: 1765.3 TP3: 1770.3 TP4: 1775.9 TP5: 1782.5 Trade your levels accordingly. Your feedback would be appreciated. Best of luck!
OANDA:XAUUSDLong
by abubakarmansoor
2
HD - could it break up soon?HD had been building a base for the past 9 months, forming a double bottom. It began to break above the 200 days moving average on 10th November and had sustain above this MA since. Currently it looks close to attempting a break above a neckline @ 327. However with still much uncertainty and volatility in the market, it is safer to long the breakup with a test-sized position. Any pullback to retest the neckline could be a safer place to increase position size if the neckline proves to be a new support and trailing stops should be in place. There is a chance the market could continue to whipsaw sideways for a while more until more economic data comes in. Disclaimer: Just my 2 cents and not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance and don't forget that money management is important! Take care and Good Luck!
NYSE:HDLong
by Juliac
2