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Roundingbottom

Gold: 6 year Rounding Bottom Pattern target to $1800Hi all, I've been bullish on Gold since Dec 2016. The name of the game in this commodity has been patience as we work 7-8 years lack luster price action waiting to retest all-time-highs near $2,000. Is Gold to $1800 in 2020 possible??? Geo-political tensions combined with global debt and growth concerns could be the perfect concoction for such an eventual move for Gold. Gold continues its tear despite the equity market rally and Fed pivoting on interest rate hikes. Investors are not convinced that markets are set to rebound long-term, thus getting more Gold exposure despite Tom Lee @Fundstrat and many other analysts calling for all-time highs and double digit returns for equities rest of 2019. The dollar is showing signs of weakness which helps Gold. The elephant in the room is China/US trade deal. March 1st is a significant date as this marks when the US trade tariffs against China will rise from 10% to 25% if no deal is made. If no deal is made (which is unlikely) you can imagine what kind of impact this will have on equity and commodity markets the very next day. Investors will flock to Gold, the US Dollar and some are questioning whether such an event would fuel the next Bitcoin rally. Van Eck has confirmed that Bitcoin did take away market share from Gold in 2016-2017 and that they are competitors, but have since given the reigns back to Gold due to the crypto-winter slump. Things to watch for in 2019 that would impact Gold: US Government Shutdowns Brexit China GDP - expected to slow Geo-Political risks between US/Rus/China/Japan/N. Korea/Syria/Iran US Dollar - showing signs of weakness Bitcoin Rally - Mike Novogratz says 8k is possible in Q4 and says institutional dipping toes in then Fed Interest Rate Hikes - most analysts leaning towards no more hikes for 2019 Regards, Bobby
FX_IDC:XAUUSDLong
by UnknownUnicorn1615160
Bitcoin | Multi-Month Rounding Bottom / Cup & Handle"Markets usually don't do what the majority of people expect to happen." Since there are so many people that would like to buy a dip at or under 5k, we might just see an incredibly large, multi-month rounding bottom on BTC, potentially transforming into a Cup & Handle pattern. If this were to happen, we can expect accumulation during the next months and a slow buildup of buying pressure, leading up to ATH prices in late 2019. 'Capitulation' might be the potential ETF rejection of CBOE VanEck / SolidX in the end of September this year.
BITFINEX:BTCUSDLong
by REKTCryptoTrader
Potential Rounding Bottom For BitcoinOverall this looks like a potential rounding bottom pattern. Price action has been beautiful lately compared to the last few months. Historically 6k has been a well defended area for Bitcoin. Take into consideration that we have also set the first higher low of the year. Alts also seem to have potentially bottomed out. Of course there is no way to tell if they have & they might still fall but it is nice to see them moving along with Bitcoin as opposed to July when alts too major hits while BTC ran. I'd love to hear your thoughts and opinions on if you think this is potentially the bottom.
BITMEX:BTCUSD.P
by Bitdealer
1
[Red Apple] "Rounding Bottom(Cupandhandle)?"_ BTC/USD _ 18.08.04It's forming Triangle after breakout of Wedge. Then, Let's start the analysis for BTC/USD chart. If you are busy, you can just read below briefly '1. Briefing ' '4. Etc.' '5. Summary and Strategy' before read, click '+Thumb up, +Follow' :-) 1. Briefing # Breakout of Wedge but possibility of moving sideways for a while # Possibility of Dead Cross bet. 20EMA and 100EMA on daily chart # Rounding Bottom (cup and handle) ? 2. Daily Chart 1) Trend Breakout up-trend line 2) Candle Similar with Hammer but not enough (Candle's body is too big) 3) EMA a. Candles keep staying under 20EMA(red) and 50EMA(purple) b. 100EMA(orange) can be crossed over 20EMA soon. 4) Sum. The candle was not enough to be recognized Hammer for 'Buy' and EMA also still shows signal for 'Sell'. 3. 4H Chart 1) Trend being resisted by up-trend line 1) EMA a. 100EMA can be crossed over 50EMA 2) Pattern a. Breakout of Wedge b. Triangle 3) Elliott Wave a. 4th wave can fall down to highest point of 1 wave b. possibility for correction wave abc or correction wave 1~5. 4) Fibonacci still staying around 0.382 5) Sum. At the moment, Bollinger Band is squeezing. it means the candle can be moved sideways for a while. I guess that BTC is standing at the turning point of up or down. 4. Etc. If corrected wave is stopped here, there's possibility to be formed Rounding Bottom pattern (Cup and handle). Actually, this pattern need more time but this market move quite quickly. so, i thought this is possible. If it goes up from now until neck-line, you can buy from red circle which penetrate neck-line. This pattern is just for your reference. if it goes up later, i'll introduce it again. 5. Strategy and Summary a. About previous Briefing : if you bought BTC when Wedge was broken, check triangle pattern. but there's possibility to be formed Box. b. About this Briefing : Same as previous strategy because many resistances are up there. (2 up trend lines, 1 down trend line, EMA,,,). It's no late to buy after confirming penetration of resistances. If you are aggressive trader, always set your stop-loss and keep it Trade safely and make your standards If you think my idea is helpful for you, Click '+Thumb up, +Follow' Also, if found something special, i will comment in real time.
BITFINEX:BTCUSD
by Red_Apple
Ambrosus In a Rouding Bottom Breakout Pattern.Hey, I am back with another trade Idea. This time looking at Ambrosus that has seen stable growment over past days. Ambrosus is a low market cap token sitting at rank 166 which means there is potential for a high % breakout. Okay, taking look at the chart you can see that a rouding bottom from downtrend has formed. Taking look at the Indicators. MACD is giving strong signal to buy, RSI has bounced from support back to high bullish levels and Stoch is flying. Hope I made your view on whats going on with Ambrosus somehow clearer. If you like this TA let me know in the comments, Likes are aprreciated, Thanks ! If this gets a little bit of attention, I will update!
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by TiborVrbovsky
2