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Triplebottom

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
USDCAD 1h Textbook Triple BottomI believe a triple bottom is forming on this pair, with each bottom being a higher low, indicating the end of bearish pressure and momentum. (Note: the higher lows are indicative of an emerging bullish pressure due to sellers being unable to push price down below the last low) Triple top and bottoms are known as reversal formations, when the market is getting ready to reverse from one trend, into another. The third bottom has not yet fully formed. The resistance neckline for this structure is the resistance TL in purple. To trade this, I am waiting for price to approximately follow the arrows, with a target of slightly below 1.3160, and a stop loss of slightly below 1.3000, as it is a round number and therefore an important psychological zone.
Long
by MtxTrader
ETC Long ! Buy the Bottom ! Going to have Major uptrend / Pump! Bull markets are born on pessimism, grow on skepticism, mature on optimism, and die on euphoria. The time of maximum pessimism is the best time to buy! Ethereum Classic is giving off many signals that trend is shortly reversing. The pattern is clear to see, there is a triple bottom forming, the price has been fiercely defended at the current levels, on the first bottom at the current level over a month ago the volume hit over 10million ETC, it was heavily defended with some huge dumps being absorbed, what was more amazing was the volume on the bounce. This was the same time as the White hat DAO refunds were made, some very big refunds dumped at this point but the 1800-2000 price level could not be broken even with 10 million etc dumping at the very bottom. We had another test of support in the third week of of September, roughly a week ago, again the price was heavily defended by the market makers. At this point we had confirmation of heavy accumulation & support at this level which created our buy zone shown on the chart. A classic triple bottom is in play, with all 3 dips at the same support level. the current dip in our buy zone is a perfect opportunity to buy the bottom, based on the previous price action, there is major support at these levels so anything you can pick up here should be a very good buy. if you would like to reduce your risk in this trade you could wait for the breakout level indicated on the chart, at that point the volume will be huge & ETC will be the top coin for volume on the major alt-coin exchanges, the reduced risk would obviously mean reduced profits as at that point price will be over 25% higher than the current level. I decided to play the more risky play with better rewards, i have accumulated 1850-1900 on every opportunity over last month. i expect the market makers to push us to the next support level very shortly with the volume growing. Trade play Higher risk - higher reward Buy on any opportunity - 1800- 2100 Lower risk less reward - buy the breakout zone TP1 area once the support holds thats level at least for a day or we go through it with big volume & strong Bullish 4-12H candles. Take profits at TP2 & Moon. Stop - 1600 level - As with all altcoin trading the position & setup of the trade will be actively revised during the trade. Please feel free to comment & follow this trade & show your support for the chart & analysis with a thumbs up. We are going to enjoy this one i think ;-) If every trader is in a long, there is no money in being long unless you were first, we are getting in first ;-) Good luck & enjoy the pump.. i will get it started ;-)
Long
by Greenhill
30
$ONTX (Onconova Therapeutics) Triple BottomONTX Triple Bottom with increasing volume. I'm looking to be moderately conservative on this buy; the 38.2% Fibonacci level will act as a nice price target for this bullish play. Viewing this chart, one can see that ONTX has been unable to sustain its gains above the 50% fibline, so you may be able to sell at that point, but as a low float stock anything can happen - it's better to be cautious and take gains in my opinion. Thank you for viewing my analysis on ONTX! Please like or follow if you like my analyses, or if you have any questions you can contact me anytime.
OLong
by UnknownUnicorn253523
2