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Double Top

GET READY!!! CRYPTO IS ABOUT TO PUMP!🚀 (The DXY Double-Topped)Hi everyone, This is The Unbounded. One of the newest and most active trading view authors and fastest-growing communities. Please consider following me for the latest market updates and mid and long-term Long / Short calls. Let's get to the chart! The DXY (US Dollar Index) just confirmed a Double-Top which is a very strong bearish indicator... when the DXY decreases, Crypto INCREASES! 🚀 In addition to the Double-Top pattern, the RSI is in EXTREME over-bought territory which further validates a decrease in the DXY. Why Is The DXY Important To Monitor? Most major assets (stocks, oil, etc), including Bitcoin, Ethereum, etc are priced against the US Dollar. Hence, when the US Dollar goes down, everything priced in the dollar gets cheaper. For this reason, the DXY is one of the most macro indicators you can watch for the direction of Bitcoin, Ethereum and the crypto market. ⭐ If you liked this content, please consider subscribing and giving it a Thumbs Up 👍. If you have any feedback or suggestions, please leave a comment below as I answer each comment. Namaste 🙏
TVC:DXYLong
by TheUnbounded
4
AJ Short tradeMarket has entered area of resistance plotted from the daily chart. Market on the 1hr has already entered that zone once and got pushed down. Market is currently in the area of resistance again, forming a possible double top. Currently my stoch oscillator is OB (this is the indicator I use for overbought and oversold situations), waiting for my MACD line to cross under the signal line, then looking for an entry reason. Just my analysis, trade with caution and use proper RR.
Short
by Sevsky0
CADJPY - Bearish SharkCADJPY has been giving us an amazing trading experience. Once again, another Bearish Shark Pattern has formed up. What's different from this setup is that the 4-hourly candle has broken and closed above X. This is something that you shouldn't treat lightly. You can head to the lower timeframe and wait for a Double Top setup with RSI Divergence on the 1hourly chart. That should significantly reduce your initial stop-loss providing and reward of up to 5x.
Short
by RaynLim
Bearish Alt Bat Visible On Gold's Monthly ChartThis is an update to the First Post I made on Gold's Bearish Alt-bat last year just to let you know that it is still in play and that it has just come back up to tap the PCZ a Second Time and this time on Greater Volume this looks like it could be the end and where Gold begins a Presumably Years Long retrace back to the zone between $1,129 and $718.80 If you want to see my original posting from last year on this Alt-Bat i have it on the related ideas section below.
OANDA:XAUUSDShort
by RizeSenpai
2
AUDCHF on a double top? 🦐AUDCHF on the 240min chart has created a double top pattern. After such a figure the price should move to the lower side of the market and I can spot a support ascending trendline that can confirm my idea. How can i approach the scenario? I will wait for the European market to open and check for a potential break and rates of the support area . In that case, I will set a nice short order according to Plancton' strategy. --–– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> <4h structure. Here is the Plancton0618 technical analysis , please comment below if you have any questions. The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger
Short
by InkyGrip
4
One is going to be bullish and there are two scenariosHello every one ONE/USDT 🟡Chart is speaking it self! -The ONE was in a double Top pattern. -the bearish break out has already happened. - regular bullish divergence (+RD) on MACD - There are two scenarios: S1: a bullish movement would start from here and at least reach it's resistance S2: the expected bullish movement would start after touching it's Support zone -support zone: 0.107$ -resistance zone:0.17$ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ Thank you for seeing idea . Have a nice day and Good luck
by CobraVanguard
7
Luna will see lower supportIn daily and 4h time frame, Luna built -RD in MACD and RSI. Also, there is a huge amount of volume exactly on its ATH resistance. Finally, the chart created a double top and its neck line was broken in 4h. All of these signs show me that the correction of Luna started. There are two scenarios: First, Luna touches again the resistance of 93.7-95$. Second, the chart breaks its current support exactly from here. In both scenarios, I expect that the price decrease to lower prices. In the daily time frame, I expect that the chart decrease to 80$. Please, push the like button, write a comment, and share with your mates - that would be the best THANK YOU. I personally will open entry if the price will show it according to my strategy. Always make your analysis before a trade.
LLong
by pezhmanrz
How to look for Shorts in my Trading System (GOOG Double Top)Hello guys, welcome to my first Trade Idea published here on Trading View! Right of the bat I apologize for if my english was hard to comprehend at any time, feel free to leave questions down in the comments if there's something you haven't understood. As to the idea, it is based on my very simple trading system, in which I do as follows: Look for congruences between the EMAs, my RSI Zones indicator and my personal technical analysis of the chart, to find important supports and resistances . Look for Price Action patterns near the support or resistance, such as Double Tops or Bottoms, Pullbacks after the breakout of a pattern, or Inside and Outside Bars. Try to find congruent fibonacci measurements that point to the same price target. (In the video I give examples of how to draw targets from pivots and flags, in that order) Then I just look for a previous high for my stoploss, and enter the trade! It might take a while to get used to, but I find this system very reliable and simple. As it doesn't generate a huge amount of trades, it also helps me keep my risk managent and trading psychology under control. Hope you liked it, and if you did make sure to like, comment, and check out my RSI Supply / Demand Zones indicator!
NASDAQ:GOOGShort
by GioLucaas
1
LUNA reflectionRevolving around a better Short setup, since I missed the perfect entry (leveling my Bard in Lost Ark). I think LUNA will arc towards 99 and then attempt to break below the Neckline (~94). Even without an arc, this S/R channel is a No-No zone. With a successful Neckline breach, I'll be targeting 91 and 86. Oh, yes, and Double Top, hence the Neckline. This is my Thesis, targets are purely hypothetical based on my analysis. This is NOT Investment and/or Trading Advice. Happy Trades! ❤️ If you enjoy my ideas, Please like/comment, it means a lot, Thank You! ❤️
L
by WhoIsWu
GBPJPY Analysis I SHORTWelcome back! Here's an analysis of this pair! **GBPJPY - listen to video analysis. We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support! Brian & Kenya Horton, BK Forex Academy
Short
by BKTradingAcademy
4