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Roundingbottom

Massive Inverse Head & Shoulders.It appears as though Overstock has formed a nice rounding bottom, which is now turning into a Cup & Handle potentially.. There's a few bullish indicators & even more so there's Macro events taking place with blockchain in China that are likely going to take this stock to new All Time Highs. tZERO said Hong Kong-based private equity firm GoldenSand Capital (formerly known as GSR Capital) has bought a 5 Million stake in the company. I wouldn't be surprised If Chinese investors are supporting this stock heavily now, especially since China is rolling out their new digital currency. McDonald’s and Starbucks are reportedly part of China’s digital currency trial. China has rolled out a digital currency trial in Xiong’an, an area southwest of Beijing in the Hebei province, according to state-backed media reports. McDonald’s, Starbucks, and Subway are the only three American firms among 19 companies participating in the trial. The People’s Bank of China (PBOC) has been working on a digital yuan for the past few years but has made clear that it has not yet officially launched. McDonald’s and Starbucks are among a handful of companies taking part in a new pilot program for China’s upcoming digital yuan, according to state-backed media, as the world’s second-largest economy pushes forward with its plans for an electronic currency. This is the main reason why China propaganda has become dangerously provocative in America. China is rolling out a cryptocurrency, a lot of the details have not been divulged. I can tell you the cryptocurrency China’s rolling out will likely be backed by gold. China’s got 20,000 tonnes of gold or more, add the fact they are dumping U.S debt & treasuries at an alarming rate, it's plausible they'll bring back a gold standard for the new century.
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by ScotianBot
2
NXT Possible reversal pattern formation rounded bottom + 480%The coin is traded on top exchanges such as Polonix, Bitrex, HitBtc. The coin was pumped several times from + 700%, +1600% + 1700%! This makes it clear why this coin was created and what work is preferable on it. Overly risky coin, but overly profitable. Coin only for temporary speculation, not for holding! The global coin chart is shown in this trading idea: NXT Super Profit or Death. What do we see on the chart? There was a downward wedge , after exiting from it, the price did not particularly make any price movements towards working out the goals of the wedge . Now there is a sideways movement, volatility is reduced. Lateral movement after leaving the wedge for 96 days (3 months). Perhaps this lateral movement of 3 months in length will act as the 2nd phase of a reversal of a very slowly forming figure "Round bottom" ("Saucer"). The descending wedge itself will act as the first phase of this formation. The target are impressive, if in reality this formation will be formed, then only up to the figure resistance + 480%. Entrance to the market - only at the beginning of the 3rd phase of the formation of the figure! It is very important. Because it is not clear whether it will really form. A relatively slow price increase will mean the beginning of this 3 phase formation of the figure "round bottom". Enter the market now "at the bottom", maybe get a "second bottom" as a gift. It is better to buy a little more expensive, but for sure, than cheap for good luck! If the price breaks through the support of the formation and consolidates below it, this will mean that there will be no trend reversal to the upward one at a given time, and you should refrain from buying. _____________________________________ Here is another NXT developer coin - ANDOR coin (Andr) . In my opinion, the ANDOR coin is less risky and more understandable in price movements. You also need to understand that this is a newer project of these developers, therefore they will add more time and effort to the development of the project, which will be well displayed on the price chart. Here is one of the latest trading ideas for the ANDOR coin which has already yielded about + 20%. Ardor channel movement in increments of 40%. Pivot points Let me remind you that NXT and ANDOR (Ardr) were created by the same people. NXT is the first project. ARDOR (Ardr) - the second project. ______________________________________ The stages of the formation of the figure are “Cup” (Saucer, round bottom). The Saucer figure consists of the following steps: 1) The descent of the price is the first phase of the figure. Price decline trend with a gradual slowdown. In the classical case, it should be a smooth arc, but in practice its shape can be flat or contain, on the contrary, correction minima and maxima. The main condition in this case is the gradually decelerating pace of price reduction. 2) The bottom is the lowest point of prices . It is the geometric center of the figure. It should be located on a gentle bottom (smooth bottom, without peaks). Although sometimes such a formation as the "Thorn" down or closed squeezes comes across at the bottom. The main thing is that these local formations do not violate the overall picture of the figure and movement in the global. If the lower point of the price forms the so-called platform on the chart, then the trading volumes gradually decrease, and at the moment of the price jump up sharply increase. Another surge in prices may be a signal to buy if the maximum of current prices is higher than the previous maximum. 3) Ascent of the price - after the minimum follows the ascent, which should ideally be symmetrical to the descent, and should last as long as the first phase (the descent of the price). There is a tendency to increase prices with a gradual acceleration. 4) The intersection of the resistance formed by the upper boundary of the whole figure (passes through the maximum point of the figure at the beginning of the period of its formation) is an additional confirmation of the rounded bottom and the final phase of the formation of the figure. After breaking through and fixing the price, the resistance level turns into a support level. When crossing the resistance, the volume rises as a rule.
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by SpartaBTC
7
$ATVI potential weekly rounding bottom reversal #stock #trading$ATVI EARNINGS RESULTS TODAY AFTER MARKET CLOSE!!! (outlook obviously depends on the outcome, but I publish this especially for those interested in earnings results options strategy) $ATVI stock price has hit a 2018 high of 84.68 in OCT and has been in a downtrend since. It has hit a low of 39.85 in FEB'19 and since then chart has formed a potential rounding bottom reversal pattern. In addition since SEP'19 the chart is forming an ascending triangle with the resistance line around 56.60 Also worth mentioning both MACD and RSI have shown signs of positive divergence since the bottom in FEB'19 Look for a sustained BREAKOUT AND CLOSE above the resistance at 56.60 on the weekly chart ( ideally a CLOSE above the highs at 57.50 will be more powerful ) Targets: T1 - from the ascending triangle breakout is around 62.95 T2 - from the breakout of the rounding bottom reversal is around 73.35 Good luck, TA
NASDAQ:ATVILong
by RA_Capital
Bitcoin Update: Change of Behavior, Accumulation ScenarioSince the beginning of 2020 Bitcoin has shown remarkable signs of absorption. Let's analyze the bullish scenario. WYCKOFF STORY The analog upbars at point (1), (2),(3) indicate ease of movement to the upside. The rally begins on expanding volume, supply is vertically absorbed at (4) . Price has broken the overbought line of the major downtrend, a change of behavior (5) . We are approaching the $10K supply zone in red where we expect to see a reaction, but at the moment we do not see evident signs of exhaustion of the rally. $10K is also an important psychological level for traders. For the first time since July, the bullish scenario gains credibility . The blue line on the charts indicates an unfinished rounding accumulation range. SCENARIO #1 The long term consolidation can continue until the last supply available on the top of the range is absorbed. The demand area at $8000 is a strong value zone for a retest (6). It would offer a long re-entry (7) . SCENARIO #2 The rally accelerates and supply is vertically absorbed (8) PATTERN FAILURE : break below danger area Join our email list and receive our Weekly Crypto Report for free: www.wyckoffanalytics.com Happy trading, Alessio
BITMEX:BTCUSD.PLong
by Wyckoff_Analytics
5
SBUX - Gameplanafter a nice move yesterday following an upgrade by jpm SBUX looks good to attack the highs again background: stock trended higher for a year until august 19. since then price had a correction bottoming at around 80$. price created a nice round bottom and now breaking to the upside on good news and market momentum. game plan buying on a break above yesterday highs 88.9 adding if retest 88.7 stop at close below 83.8 or buying on support of 86.7 adding at 83.8 stop at close below 80.65 selling into resistance levels target at 96.75
NASDAQ:SBUXLong
by A_Swissa
Rounding bottom formed, how far can XINHWA go? Thank you for continue following us:) Strategy: Bullish Candlestick Chart Formation Swing Bias: Bullish. As the chart above shows the rounding bottom was formed in last three months. The stock price broke neckline at RM0.465 of the rounding bottom. An earlier signal was when the stock price broke RM0.435 sideway consolidation and at the same time made a Bollinger Band breakout. Earlier, we had traded the short term opportunity from this counter, entry at RM0.435 and TP at RM0.480, based on Bollinger Band Breakout Strategy. Time to look back for mid term opportunities. The share price is expected to complete the cup reversal at RM0.55, potentially 12.7%, after the resistance of RM0.520 and psychological resistance of RM0.500 Stop-loss: 0.465 1st Target: 0.520 2nd Target: 0.550 Gentle Reminder: Plan your Trade, Trade your plan. Kindly like and comment to support if you agree with this trading idea!
MYX:XINHWALong
by ShareWorldConsulting
ZIL/BTC Rounding Bottom, Hot Cold predictionThis ZIL/BTC chart shows a clear rounding bottom. Also, you will see in this chart that I have created a hot-cold wall to show the safe areas for a buy. Green being the safest and red being the most dangerous. This helps traders understand the more solid supports compared to others. If you are unfamiliar with rounding bottoms, the definition is below. As for now. I suggest some part of portfolio can be dedicated to a Mid to Longterm hold for ZIL. Always keep eye on BTC action, it can make or break ANY alt. A rounding bottom is a chart pattern used in technical analysis and is identified by a series of price movements that graphically form the shape of a "U". Rounding bottoms are found at the end of extended downward trends and signify a reversal in long-term price movements.
Long
by ProTrades1Crypto