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Double Bottom

BTC! Where is a real Bottom of BTC bear market?I'm looking at weekly timeframe of BTC chart. I'm comparing 2021 Bull market top with 2022 bear market bottom. Call me crazy but I think a real bottom of BTC bear market was in June 2022/at 17.5K/ as BTC real top of Bull run was in April 2021/at 65K/ Nov 2022 bottom is a bear trap and fake break down like Nov 2021 top which was bull trap and fake break out. I incline to think BTC bottom was at 17.5K on 18.06.2022 as I mentioned in my previous analyses coz I trust all my previous and current analyses , all history data, super powerful indicators which flashed BTC bottom only 3 times in BTC whole history and more than 20 powerful charts and analyses I have done since June 2022.
BITSTAMP:BTCUSDLong
by ergal91
4
DXY attempting a double bottom breakout.We just achieved a higher high on the daily time frame with DXy’s price action. Considering how long the history of the chart covers (several decades) the larger weekly and monthly time frames lower high/lower low & higher high/higher low sequences are probably more important for bull and bear trends than the 1 day is. So even with a higher high on DXY’s 1 day chart it will still just be another lower high on the weekly and monthly charts unless price action can get above this top green horizontal at $121. So even if DXY were to trigger this double bottom breakout and hit it’s full target of $117 it would still technically be a lower high on the macro timeframes unless it kept going and made it above $121. The current macro chart has been in a lower high/lower low bear pattern since the 70s if not much earlier. Considering the dollar has lost 97% of its purchasing power over the years and we just printed a ton of money and will likely continue to do so with inflation continuing to fly more and more out of control…it seems more likely that DXY’s price action does not get above $121 and instead forms yet another macro lower high before it turns back around. If we do trigger this double bottom pattern however then crypto will likely continue to see prices drop while it heads toward the double bottom target, since the DXY and crypto seem inversely correlated. *not financial advice*
TVC:DXY
by DrDovetail
XAU GOLD Trade Review | 5000 PIPS!Hello fellow traders, Nick here from CoinTraders Daily testing out TradingView as a content platform =) This gold setup ended up being our biggest winner of the year so far and I would love to share it with you guys. We had major confluence between our momentum indicators , structure levels and fundamentals for a huge move. For now the double bottom neckline has been broken thus confirming the bullish chart pattern. However, we have a big fundamental week upon us with midterm elections and inflation data. Ill be uploading a followup analysis for the next longing opportunity, so stay tuned for that =) I hope this post has earned your thumbs up, and that you have enjoyed it or learned something new. As always, stay safe, manage risk and I'll catch you on the next one. Much love and good luck! #gold #xauusd #forex #swingtrading
EIGHTCAP:XAUUSDLong
by NickofJupiter
BTCUSD: Hit our TARGET! What are the next key points to watch?• BTC hit the target we mentioned yesterday, as it triggered our Double Bottom chart pattern. The link to my previous analysis is in the link below this post; • Now, BTC shows some exhaustion, but it is still bullish in the short/mid-term, as it is doing higher highs/lows and it is above its 21 ema; • There’s no clear bearish top sign yet, and BTC would only trigger a sharper correction if it loses the dual-support area made by the 38.2% retracement + 21 ema in the daily chart; • In fact, if it closes above the $20,800 in the daily chart, it’ll trigger another bullish pivot point; • For now, let’s keep our eyes on these key points. I won’t set any other public target on it for now, but I’ll keep you guys updated on this. Remember to follow me to keep in touch with my analyses!
BITSTAMP:BTCUSD
by Nathan_The_Finance_Hydra
Speculative double bottom on digibyteDigibyte has done nothing to show that its about to reverse its downtrend yet, however we are starting to see the inklings of a possible double bottom forming. This is still so early in the pattern that its almost pure speculation on my part at this point. You should never try to trade a pattern until it has confirmed either a breakout or a breakdown. Although this could easily end up a fakeout that sends digibyte lower continuing its downtrend, with so many alts recently seeing bullish surges there is certainly a chance this double bottom could end up playing out. If it were to it would be close to a 180% gain from this level. WE can see there is also a possibility here in the near future of a golden cross. The fact that many other alt coins have recently seen successful golden crosses with QNT leading the way, gives us bullish confluence that increases the probability that digibyte could also experience a successful golden cross in the near future. Still mostly speculation at this point, but just enough bullish confluence to keep an eye on this one and see how it develops. *not financial advice*
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by DrDovetail
1
BTCUSD: Trading at a KEY SUPPORT LEVEL!• BTC is in a key support level. We see a Double Bottom around $20k (1h chart), and BTC just hit the 38.2% retracement in the daily chart, which is very close to the 21 ema as well; • Although today’s candlestick is bullish, BTC has yet to break the black line at $20,387, as this is the trigger point for the Double Bottom; • In this scenario, BTC would seek the next resistance, at $20,800; • What could frustrate this scenario? If BTC loses the retracement level, along with the 21 ema in the daily chart. This would frustrate the bullish bias in the mid-term, and in this scenario, BTC would seek the next retracements as support levels. Remember to follow me to keep in touch with my analyses!
BITSTAMP:BTCUSD
by Nathan_The_Finance_Hydra
2B Trading PatternIn an uptrend, if a higher high is made but fails to carry through, and then prices drop below the previous high, then the trend is apt to reverse. The converse is true for down trends. This observation applies in any of the three trends; short-term, intermediate-term, or long-term. A 2B on a minor high or low will usually occur within one day or less of the time the high or low is made. For 2B's on intermediate highs or lows preceding a correction, the new high or low point will usually break within three to five days. At major market turning points, long-term 2B's, the new high or low will usually break within seven to ten days. In the stock market, after the new high is made, the failure to carry forward usually occurs on low to normal volume, and the confirmation of a reversal occurs on higher volume. The above can be found on the internet, just look up 2B chart pattern. I would usually recommend your default as being, sell low, buy lower. & buy high, sell higher. My next trading mantra would be that double bottoms are not Support, and double tops are not Resistance. They are where the stops are. And therefore a major target. But every now and then the market does turn. After a period of impulsive moves, the market comes to rest and goes into a consolidation. It may make one last attempt at continuing the prevailing trend, only to find there are fewer market participants willing to push it on. This is when you look for 2B's
UEducation
by Macrobriefing
SUKU - Potential Double Bottom Targeting $2.30 - $2.70If SUKU has double bottomed here, we could see potential growth from the area of 9 cents up to 2.3 - 2.7 dollars by winter of this year or early 2023. Trend-based fibs, measured from opening day -> bottom -> first top give us a golden pocket in the exact same target area as conservative and more aggressive measured double bottom targets, for confluence. For this to remain a possibility, we need to hold above the area between ~5-7 cents (no new ATLs). In support of this idea, we've seen highest buy volume in SUKUs history here in the area of the proposed double bottom. Price has yet to reflect this.
SLong
by dudebruhwhoa
10
EURUSD Double Bottom Price Going UpHello Guys, Based on the 1 H time frame chart for EURUSD we can see that price was failed to make the lower low and stopped at the demand zone around 0.99384-0.99503. for that situation we can see the double bottom pattern at that area so we expect that the price want to go higher to find the supply above. Guys, If we look to the awesome oscilator also we can see the divergen which is at the chart price make the lower low (Increasing Bearish) but at the awesome oscilator the price make the higher high (Increasing Bullish).
by FarhanZidan
1