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Triplebottom

BITCOIN PERSONAL ANALYSIS IN THE SHORT TERM (TO THE MOON!)The total evaluation for the bitcoin chart is currently bearish. Please be mindful of your risk management as always, I sincerely think we are now in for the low. We re-tested 19,500-19,800$ as much as we want with now a confirmed triple bottom. Do I still stay bearish in a macro time frame? Absolutely, since the SP500 and NASDAQ are far from actual dumping considering how bad our macro-economic factors are such as inflation rate, gas prices, food commodity prices, house sale -- in short, there is still a ton of problems. We have already tested 20,400-20,500 multiple times, you can barely even draw an ascending triangle now and would break to 20,800-21,200$ -- From there, I see a very strong rejection, so be warned! ------ Like the chart? Amazing! Comment on it, boost it, share it, bookmark it, save it -- its completely yours for free!
BYBIT:BTCUSD.PLong
by Wamses
4
Bitcoin Dominance may see massive recovery soonWe never quite made it to the 1.5x target from our double top back in Jan 2021. That's not to say it's still possible we see it and even reach the 2X target making new ATLs. However, I can see the possibility of a weaker low made near the top of the green support area, and that occurs and we turn back up from there, dominance may for a triple bottom (or an inverted head & shoulders). Should that occur, we will never see a new ATL and instead a very fast and hard recovery of Bitcoin's market dominance. This could mean two things: 1.) Bitcoin is about to destroy the altcoin market, and itself. 2.) Bitcoin is about to destroy the altcoin market and go on a tear. If we break below the green support, then expect the opposite to occur: 1.) Bitcoin may continue to correct upwards slowly, and altcoins may go on a tear 2.) Or, some of the most promising altcoins start to take away from bitcoin's dominance, and we end up with a new type of market. This particular idea is in support of the former, where bitcoin dominance goes up and fast, if dominance were actually a trade-able instrument, this would suggest "going long" after stopping somewhere near support (green box). Alternative idea linked under related ideas below, supporting either movement in either direction. Here's a zoomed out view of line chart, showing our Jan 2021 double-top, and our previous low (ATL), which is still lower than the 1.5X target for the double-top:
CRYPTOCAP:BTC.DLong
by dudebruhwhoa
2
META "Triple Bottom" Inside "Falling Wedge" Pattern Patterns Identified- "Triple Bottom" inside "Falling Wedge" pattern Bottom to neckline measurement is approx. 17.89! The measurement for the wedge from its lowest low and highest high is approx. 198.46. My entry will be just above the break of the neckline at 172. I will use a stop loss which I won't disclose on this forum. Profit taking areas will also be set prior to placing the trade. Follow my channel for more trading ideas and to share your trade ideas with me. *This is not financial advice. Loved & Blessed, MrALtrades00
NASDAQ:METALong
by MrALtrades00
ASX:MIN TRIPLE BOTTOM TREND BREAKASX:MIN Daily TF Waiting to see if Mineral Recourses Limited confirms the direction change & continuation. Off a Triple Bottom and Downtrend Break, the 2 remaining things I am looking for are Bullish Momentum indicated by RSI & price to break through Resistance Zone. This happened in a similar occurrence at the start of the year JAN-MAR. If it fails to break Daily Resistance & Resistance Zone I am looking for price to return to Daily Support where the Triple Bottom occurred. "DISCLAIMER: NO ADVICE. The information presented here is general in nature and is for education purposes only. Nothing should be considered to be advice. You should consult with an appropriate professional for specific advice tailored to your situation."
ASX:MIN
by Trader_Johnni
BTCUSDT is testing the daily resistance 🦐BTCUSDT on the daily chart reached the daily resistance at the 22k. The price after a triple bottom at the recent lows might have the strength to retrace further up to the 0.382 fibonacci level. How can i approach this scenario? I will wait for the market open and in case the price will break above i will move on the 4h chart to check an entry according to the Plancton's strategy rules. ––––– Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ––––– Follow the Shrimp 🦐
Long
by InkyGrip
6
BTC highly probable scenarios.I'm looking at daily timeframe, BTC has broken daily 34 EMA, and now it is fighting against horizontal resistance at 22.3-22.6K. if BTC succeeds to break it then pink and green scenarios will play out. More likely they will. Of course after breaking the mentioned resistance everybody will open long and wait for 28K, but we' it reaches to 24-25K/ a horizontal rectangle and triple top target/ we'll see retest of the daily trendline and horizontal support at 21-22K with long liquidations, then bounce and retest 28K the most important resistance. As I posted in my previous analysis 28K horizontal resistance and trendline retest is inevitable. For more details check the bellow analysis I attached the link. Don't forget to check my analyses that proves BTC bottomed at 17.5K on 18.06.2022. Like and follow please if you like my ideas.
Long
by ergal91
ETHUSDTPRICE ACTION: • In a downtrend, price action finds first resistance (1), where it reverses direction and goes upwards till finding support (2). • Price action reverses direction from (2) and goes downwards till finding second resistance (3), which will be -around- the same rate of the first resistance (1). • Price action reverses direction from (3) and goes upwards till finding second support (4), which can be higher or lower than the first support (2). • Price action reverses direction from (4) and goes downwards till finding third resistance (5), which will also be -around- the same rate of both the first (1) and second (3) resistances. • The pattern is completed when price action reverse direction from the third resistance (5) and goes upwards till it breaks the upper support at point (6).
Long
by Adam-Robinson
BTC triple bottom and descending broadening wedge breakout? I'm looking at daily timeframe. As always after CPI release/today/ BTC price drops and then pumps doing long and short liquidation. I expect it to drop 18.6-19.1K making triple bottom and moving up. I think this time it will succeed to break horizontal rectangle resistance and hit 24-25K. Before upward continuation, it will test the broadening wedge trendline as it did previous time mentioned on the chart. then it will test 28-30K horizontal resistance and broken trendline. As I mentioned in my previous analysis a test of that trendline is inevitable. Check bellow the attached links and pay attention to my previous analysis.
Long
by ergal91