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Wpattern

Quickpost: Massive gain potential on DAOUSDT W patternI am looking to find a entry on DAOUSDT to put on a fair amount of margin for this potential W pattern. Targeting is a simple fib draw from the swing high to the swing low price is currently putting in. The chart below shows the bullish divergence on the MACD histogram, and the RSI is tightening in a falling wedge with lots of potential for an upside move. A lot of this is predicated on my overall operation assumption that BTC has gone into accumulation. Please see the linked ideas below for more details. There are a lot of bullish formations forming on a lot of trading pairs so it makes the decision to be bullish based on all of the background information. I still need basic trade management but way less searching for indicators and divergences and the like.
Long
by This_Guhy
Thoughts on EURCHF (Neutral at the moment)This chart is harder to know what the market will do as it is in a consolidation. But, I'll give my point of view of what will I trade in case it gives me any opportunity. There's a flag pattern that inside the consolidation, which is usual and it could be a bearish possibility that is in theory happening at this moment. But the thing is, the market is also near to the break in case this is a double bottom pattern (W pattern) and it will look to go bullish. So I think it is key to see there the market does the retest first. If it goes up and retest 1.0335, I would most likely go bullish. If it goes down and retest at 1.0305, I would most likely go bearish. But it depends on how the market reacts. If you ask me where I'm inclining to believe that the market would go I'd say bearish because it hit first the flag pattern. That's why I recommend to wait for any retest. If not retested, then discard and wait for the consolidation to end.
by pinoso
Thoughts on EURCHF (Bullish possibility on short periods)After the big bearish move, the market seems to make a pullback. The market has made a W pattern and it has already retested it so it seems the market will look go up a bit. As the W pattern is not perfect, there's 2 targets: first green line and second green line above the first one which are the price range movements of the patterns. This is on 15 minutes, so we're looking for long positions on lower time periods. If this happens, our targets could be pottential entries for a short position. I'm inclining to believe that the market would look for the second target. I recommend to wait for candlestick patterns. Remember that this is a lower time frame, it seems the market in a higher frame is in a bearish move. Do you have any other ideas? Let me know on the comments.
Long
by pinoso
Bullish Flag for TNY?Or, will we see a sharp decline due to a hole in the wall front running leaked financials that are dismaying? And maybe even a good ol Tinley fashioned PP below the trading price to compliment the short-selling pressure of TNYBF and bearish sentiment. I have placed green arrows on the chart to signify fake-outs of the Macro Descending channel and Micro Bull flag or Descending triangle, to be determined in due time. It's possible Tinley is currently in the process of another fake-out in real-time, the CM_ Williams Vix is flashing green, this normally happens before bullish price action. But the sp is currently declining. If Tinley breaks above the 200 DMA and consolidates above the micro-pattern it's a very bullish signal, trade accordingly. Possibly a W Double bottom has occurred, only time will tell if TNY creates another higher low. glta
CSE:TNYLong
by ScotianBot
We have W retest on the weekly BTC!!!I really dont understand way nobady is talking about this big support on the weekly timeframe. At the beginning of 2021 we had correction of 26% and we bounced back from the support and went up 50%. After that we had correction in september of 2021 and we went 18% down which is 8 % less then first corection, but after the retest we went up 60% which is 10 more then first corection. And at the moment we have our third correction and we went down 10% whith is (again) 8% less then the second correction. After the first bounce we got 50% pump in 8 weeks, after second one 60% in 8 weeks and are we now getting 70% in just 8 weeks?? This is way i got in my big long postion at 43.1k and my first take profit is on 53.3k which is the target of this W reversal pattern. This is not the only reason way i opened this long position because we have huge hidden bullish divergence on the daily and somthing very nice on the 4 hourly as well, but i am going to make another post about it. What do you think about this W reversal pattern? Feel free to leave a comment. If you like my ideas please follow me and like the post because i am posting every day and you can find always something interesting on my profile, i am new to Treadingview but i have 6 years expirience in trading. BTC TO THE MOON!!!
Long
by Mladen94
Potential Double Bottom Pattern for Bitcoin?Honestly, there are countless possibilities and patterns for Bitcoin right now. I am focusing on a Potential Double Bottom (W) Pattern since I am following that Idea since mid-December 21, for now, there's more evidence that this actually can be a Double Bottom Pattern.  Just FYI,  Weekly was charted here. As said above, there's a Chance that Bitcoin is evolving into a Double Bottom or so called W Pattern. What gives me confidence is the Fact that the "Heikin Ashi" Candles are sowhing a weakening Trend, so that there's a chance that the current trend finally will change into an Uptrend. This thesis is backed by the RSI which is recovering, a bullish cross will probably happen in 1-2 Weeks, if no major news etc. will crush it. The Target for the Double Bottom should be somwhere between 100-110k, in the following Months. Of course, just if a Breakout occurs. If you like my Content, hit the 👍 and/or comment and make sure to follow. This Analysis is not intended to be investment advice. Always DYOR.
BITSTAMP:BTCUSDLong
by blauersamt
9
ABB INDIA LTD Looks good for positional trade.Aim for 5-8%. It can be easily achievable in 1-3 days. My belief is to choose high winning probability trade with a risk-reward ratio going from 1:1 to 1:2. The reason for booking profit of only 5-8% is because the market direction is not sure at this point. So better to aim for 1:1 risk-reward and rotate your money in better opportunities. Take trade if all conditions meet at the end of the day 3:15-3:30 PM. If you have any questions or suggestions, please leave a comment below. I will personally reply to every single comment! If you enjoyed this analysis, I would definitely appreciate it, if you smash that like button and maybe consider following my channel.
NSE:ABBLong
by Chartmaniac
2
AUDUSD : KEEP AN EYE ON IT Hello traders. AUDUSD has current formed a beautiful W structure. The price is currently testing the neckline resistance which is marked in red circle. From here the possible scenario could be: 1. If it rejects from the neckline, we can see a strong bullish move to the up side and we can book our profits as shown. 2. If it breaks the neckline, we can see a continued bearish more to fotm a triple bottom structure and then a huge bullish move. So what next? What for the price to finish its move near the neckline and act accordingly as said above in case 1 & case 2. For precision, trade entry in intraday time frames. Good luck for your profits. 👍
by Hrimkaar_ShivamJoshi
TV18 Broadcast Looks good for positional trade.Aim for 5-8%. It can be easily achievable in 1-3 days. My belief is to choose high winning probability trade with a risk-reward ratio going from 1:1 to 1:2. The reason for booking profit of only 5-8% is because the market direction is not sure at this point. So better to aim for 1:1 risk-reward and rotate your money in better opportunities. Take trade if all conditions meet at the end of the day 3:15-3:30 PM. If you have any questions or suggestions, please leave a comment below. I will personally reply to every single comment! If you enjoyed this analysis, I would definitely appreciate it, if you smash that like button and maybe consider following my channel.
TLong
by Chartmaniac