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Triplebottom

Potential 2618 on AUD/CHF 15 minute ChartI'm looking at a triple bottom on AUD/ 15 minute chart, providing a potential 2618 opportunity. If price action can come into the area of the 161.8% inversion of the third bottom (an extension can also be used from the mid leg of the triple bottom to determine the 161.8%), this will provide a potential 2618 buying opportunity. Entry will be between the 61.8 and 76.4% retracement. My targets will be at previous structure highs at around 7719. Stops will be below the lows of the right most leg of the triple bottom. I'm using EMA ATR stops which on the 15 minute is about 5 pips below the low... ie 7679 The triple bottom is coming off a Bullish Cypher pattern completion on the 1 hour chart, so I'm assessing this in conjunction with my previous Bearish Cypher analysis, which hasn't been invalidated yet though it's looking quite messy now (link below). That is to say, I anticipate that price action off the 2618/Bullish Cypher has the potential to reach 7752 to complete the previously identified Bearish Cypher or at least establish a decision point at that level. PS: I've been noticing something with harmonic patterns which I am trying to confirm via back testing and I would appreciate some input on this, as to if it is a valid observation - I've been noticing that (and this instance is a good example) with harmonic patterns (Bats, Gartleys, Cyphers...), on completion, and prior to the anticipated move, will tend to double top (or bottom)/retest the completion levels before moving in the expected direction (long or short-when the market chooses to be in agreement with your analysis). Has anyone else observed this? Is this a common place occurrence/observation? I've started waiting for these retests after pattern completion as confirmations before entry.
Long
by scorpiousg
Black coin watch for possible strong pullback 4H chart revealed nice flag pattern which top of it is at the psychological level 0.0001000000. I zoomed formation (see the bigger green rectangle). Market is in favor of short sell for time being. It is very rare for any pair to finish chart like this and I would expect that the pair will try to reach the lowest low formed within the last 6 months. I would suggest to create standing order around this level as the rebound might be very quick and will not give U chance to enter the market. This will create triple bottom and it will be considered as a good opportunity to buy.
BShort
by Krystiannwk
Dash failed attempt to go below 0.050 and flag pattern on 4H 10%I marked something similar to triple bottom which snuggest that the psychological number 0.05000 created solid support which hold any attempt since 1st of April. There is nice strong movement and flag pattern(marked with dotted lines) on 4H chart. I would expect from this price action that the pair will move higher and I would look for TP around 0.077000 level. It is possible that the pair will go lower but as always I think 200 EMA will push the pair higher. I would like to try the 10% challenge.(I will always try to go small bit higher because fees etc. will take some of the profit). Basically I will take part of my portfolio and will put it all on the trade when it will reach 10% profit I will close position and then will look for another opportunity and when I will find one I will invest all the money plus profit from previous trade and I'm gonna do it like this for 50 times. I'm expecting that some of the trades will fail so I will put very tight SL to prevent big losses. I will only trade safe and I'm not looking for the risky trades. If you are following me and you are happy with the results for the last few months you can follow me with this one and trust me I will put my money on it as well. I will mark every trade for this challenge with 10% at the end of the description same as this one
Long
by Krystiannwk
ETCBTC interesting formation and important level to observe I was on long holidays so that’s why there is a gap in my activity on the tradingview. ETC like most of the crypto made strong push towards north. ETC is in consolidation for almost month. There are few important levels to watch. 0.0005300 which is close to the psychological level 0.000500 and it is highest high from the 1st of May. I marked with dotted lines range in which pair should stay for some time. I’m waiting potently for the pair to reach 200 Ema and form some kind of candle which will suggest rebound to reach 0.0001000 level which for me is very possible. I wouldn't enter market right now as it is quite possible that the pair will form some kind of different pattern and it can go way lower after 0.0005000 will be pierced. I will keep you updated. If you will look at the Daily chart big caffeine candle from 24th of May is the sign which is suggesting further bullish move.
Long
by Krystiannwk
Nautiluscoin tight SL with nice Risk/Reward ratioThere was strong movement at the end of January. Fibonacci retracement was reached at 14.60% which is actually important level. Pair created triple bottom and then moved up again. GAP created on October 2016 stopped all gains twice (purple ticks) which is telling us that market recognized this level as the strong support/resistance area. Recently pair managed to go thru this GAP and market is testing this area once more. I marked with two parallel black lines recent GAP. There is something similar to double bottom (orange ticks) near this area. I would open long position with tight SL. SL is set just below recent GAP. Next level which I consider as the resistance would be around 0.0002600 and I would put TP just slightly below 161.8%.
NLong
by Krystiannwk
RADSBTC range price action09th of March pair finally moved north after third rejection of strong support (three orange ticks) . Support is based on the Gap from beginning of June 2016. Pair is moving in range between 0.001500 and 0.0090000. I marked with two black parallel lines GAP which should hold further losses. This place is also very good entry point with SL set just below 0.008500 and TP at 0.00190000. I would risk and wait for 0.0025000 area to be hit. It is highest high from 22nd of March 2016.
RLong
by Krystiannwk
BitCrystals/Bitcoin very interesting formation buy opportunityWhat I see here is quite interesting triple bottom formation. First two are quite common while the third attempt looks a little bit dramatic with big doji candle on daily chart. All three attempts are stopped buy round number 0.00010000 which are very respected in crypto community and most of the time are treated as very strong signal to buy. I would wait for better entry level for good risk reward ratio, perfect entry level would be very close to the 0.000100000 mark. Entry at the current level is not the bad idea either. Let's see what this pair will decide.
BLong
by Krystiannwk
NZDJPY MACD Divergence, triple bottomHey traders, here's another setup I will be watching this week. I will wait until tomorrow morning to see how this plays out, just to make sure price isn't going to break down any further. We have divergence on the MACD indicator, as well as a triple bottom. I could definitely see price breaking down lower, but I am going to assume that price will take the path of least resistance, which would be going up to the levels that it has been the last few weeks. As with most of my trades, I give price plenty of room to breathe, placing my stoploss far enough away in case price wants to continue to text those support levels. Once price reaches the halfway point at 80.0, move the stoploss to break even. Looking to take profits and exit position completely at 81.0, though you can probably ride it all the way up to 81.5 or 82.0.
Long
by ImproveYourTrades
USDJPY Bullish Opportunity with Triple Bottom & Cypher patternHello guys, Today I have a VERY interesting bullish opportunity for you guys on the USDJPY 1H. We currently have a triple bottom lined up with previous structure AND a cypher pattern completion at that same level. So I am using the cypher formation to justify my entry into a bullish trend, otherwise I would have requested an additional signal. I will not be placing my usual targets for advanced pattern since I will only use the cypher to justify my entry on the triple bottom. On a previous post, i shared the opportunity of going long on this triple bottom when it was a double bottom (post in link). Also keep in mind that we're currently in a BAT potential completion on the 60M (check link). Hope you found this interesting, and if you did, please give it a like. Enjoy !
Long
by leitmotiv