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Triplebottom

My Analysis on XAU/USDI have a long bias on OANDA:XAUUSD There are some points on which bases I made my bias on gold: -Firstly, if we go on a daily TF we can clearly see the dow theory giving a long signal by breaking the LH, the triple bottom neckline breakout made a HH and retested it and will make a new HH most probably. -Now on an hourly TF we can see and little descending trendline breakout and kind of double bottom neckline breakout. Plan: GOLD LONG: Entry: 1754.4 Tied SL: 1748.6 Ideal SL: 1746.4 TP1: 1759.8 TP2: 1765.3 TP3: 1770.3 TP4: 1775.9 TP5: 1782.5 Trade your levels accordingly. Your feedback would be appreciated. Best of luck!
OANDA:XAUUSDLong
by abubakarmansoor
2
BTC short term update / 2 potential scenarios. Hi dear community, I'm looking at 4h timeframe. As you see BTC has broken bearish pennant with the target 12-12.5K/Pink scenario/. At the same time it formed descending triangle with triple bottom + RSI bull div. Most of people are waiting lower prices such as 12-14K even 8-10K like they were waiting 100K+ in 2021. I'm sure 17.5K was the real #BTC bottom like 65K was top in April 2021. All my previous analyses, history data and the best on chain data proves that. The recent dump is a bear trap and fake break down like 2021 November top which was a fake break out/ bull trap/ with double top. At the moment there are real chances that BTC will start its bull run with double bottom+ weekly RSI bull div. I expect BTC to surprise everyone pumping from this point/green scenario/ and my worst case scenario is 13.7-14K then new uptrend starts. To tell the truth I don't expect lower prices like 12K, 10K and 8K. But be very careful and always manage your risks coz everything is possible in crypto like $SNM 6500% pump in a single day )))) If you like my ideas and analyses don't forget to follow, I will appreciate any single follow, thanks in advance.
BITSTAMP:BTCUSDLong
by ergal91
Gold Triple Top patternAs you can see in the chart, gold has printed a triple bottom pattern that usually signals the end of a downtrend. It broke out from the resistance area and closed a few days over it, that means that the pattern is confirmed. Now I expect a pullback till the previous resistance area(1730$) to be produced, It is a classic retest of the breakout point that could be a great long opportunity. I will consider to enter a long at 1730$ with an stop loss order at 1683$ and if it goes well I will keep locking profit during the uptrend with main target the previous long term high 2070$. I would be glad to see what do you think in the comments.
TVC:GOLDLong
by piccard54
3
Gold starting to shine!Gold based recently at major support and tested the 1615 area 3 times. This only served to reinforce the support (55-month ma, long term channel mid-point, 50% retracement) - see my video from October 17th We have over the last few days severed the downtrend that extends back to March. Attention is on the early October high at 1702 - a close above here will complete a triple base and offer a minimum upside measured target to 1782. Disclaimer The information posted on Trading View is for informative purposes and is not intended to constitute advice in any form, including but not limited to investment, accounting, tax, legal or regulatory advice. The information therefore has no regard to the specific investment objectives, financial situation or particular needs of any specific recipient. Opinions expressed are our current Disclaimer: opinions as of the date appearing on Trading View only. All illustrations, forecasts or hypothetical data are for illustrative purposes only. The Society of Technical Analysts Ltd does not make representation that the information provided is appropriate for use in all jurisdictions or by all Investors or other potential Investors. Parties are therefore responsible for compliance with applicable local laws and regulations. The Society of Technical Analysts will not be held liable for any loss or damage resulting directly or indirectly from the use of any information on this site.
OANDA:XAUUSDLong
by The_STA
BITCOIN PERSONAL ANALYSIS IN THE SHORT TERM (TO THE MOON!)The total evaluation for the bitcoin chart is currently bearish. Please be mindful of your risk management as always, I sincerely think we are now in for the low. We re-tested 19,500-19,800$ 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