As i recently choose and tested to trade, is that I always look for double bottom based on my rules and look to trade out of the double bottom, aggressively, as wrote on the chart. NOT AN INVESTMENT ADVICE! DO YOUR OWN RESEARCH! NOT A FINANCIAL ADVISOR!
Seeing the downtrend of DLPN ending with a Double Bottom based on my rules, then a retest of the neckline, I am expecting it to rise to the targets described.
I was looking on Weekly, Daily, 4Hour charts to see this. On weekly we have a rejection from previous high with a hammer candle that closed below the previous high of April 2021. That being said, I'm looking for short trades on longer time frame. - On the Daily chart we are in a pullback with MACD crossing below the signal line on 23rd of October. - On 4hours...
Hi folks, don't take it as an ideea of Trading, this is especially for my journal. So I found this double bottom on 15min chart and entered long. Entry@46902.95 SL@46432.95 and to @48610.15
H&S confirmed on 1h on BTCUSDT PERPETUAL. TARGET 44.400
i think based on stoch and fib, that the BTC will make a short correction
might come on DAILY a cup&handle and then rise back. I consider this because of RSI which is 70.5 and needs and ease of movement before rising.