Bitcoin looks to be forming a double top on the daily. I have predicted how this could play out. This same pattern could be made but the bottom being 38K instead of 32K so pay attention to price action in March. Permabulls and Perma-Bears both get wrecked in this market so you have to know when to flip-flop. I am currently out of the crypto space for the time...
Bitcoin looks to be going according to plan. This last leg-up will be the final fakeout before the big shakeout. As you can see with this daily range, BTC has not broken out of this channel above 50k - Only then will bullish continuation be valid. Unfortunately we still have many months to go before breaking above the 50k range and experiencing full bull euphoria....
The market trend is currently bearish, with lower lows and lower highs. It's approaching a strong resistance level marked by a trend line. Every time the market touched this line, it tended to fall. Now, on the one-hour chart, there's a double top trading pattern, and its neckline has been broken downwards. We'll look to enter trades on retest.
📉Gold retraced smoothly from a significant horizontal resistance level, forming a double top pattern and breaking below the neckline. The broken neckline, along with other vertical structures, now create an expanding supply zone. It is recommended to consider shorting from this area, anticipating a bearish trend continuation towards 2015 levels.
Daily/4h time frames analysis for Gold. Price action & key levels. Directional bias & trading plan. ❤️Please, support my work with like, thank you!❤️
NZDCAD is currently approaching a peculiar zone based on a key horizontal support and a solid rising trend line on a daily. Your confirmation to buy will on an hourly time frame. 0.8285 is the neckline of a double bottom formation. We will need an hourly candle close above that to confirm the strength of bulls. We can buy the pair then anticipating a bullish...
We can see the total2 chart’s price action has already reached the full target of the purple symmetrical triangle breakout. In doing so it also went above the yellow double bottom neckline and now is quickly making its way to hitting that full target as well. That full target is a 988 billion. In the meantime it appears like we may see a weekly golden cross soon....
DOUBLE bottom confirm on weekly time frame . followed by gud volume. also above 20 MA. which is very important for any move to sustain. it may be gud buy at this price point. because it has great subscription during IPO. now if it is giving break out here. there may be gud upside from here.
As we can see that EURJPY is potentially forming a double bottom at the trendline with the confluence of 61.8 fib level if we some sort of bullish confirmation we can plan long entry. TP1 - 163.673 TP2 - 164
Adam and Adam Double Bottom Formation: This formation typically indicates a reversal pattern, characterized by two sharp V-shaped bottoms. It reflects a strong rejection of lower prices and often precedes a bullish trend reversal. Breakout Confirmation: Yesterday's NSE:BANKNIFTY breakout above the neckline adds confirmation to the bullish bias. The candle...
Following a contracting triangle breakout today, NIFTY zoomed up with a fair amount of pull backs which denote more than just a regular retracement. Over a larger time frame, one can observe NIFTY ultimately forming lower highs since it made the last all time high. Today, near the closing bell NIFTY made a double top and slipped down from what one would consider a...
Is NZDJPY exhausting at resistance zone? As the price is been on high bull run but now it seems like price is lacking bullish momentum after printing double top pattern at resistance level and bearish divergence, suggesting the sell pressure is about to start. If the bears took control , the 1st target could be 91.500. What you guys think of it?
Price is at the highs of Nov '23. Double tops are forming on the 4H and below. Looking for the M to complete on the 4H at a minimum before returning to bullish price movement. Price could very well continue bullish from where it currently is, but we shall have to wait and see.
Alibaba Group Holding Ltd, finished inverse head and shoulders Also double bottom pattern
We'll put the buy stop as there is bullish divergence and the double bottom which means the price didn't break the previous lower low and may reverse now. It also forms the AB=CD pattern which suggests the D point as reversal zone. Entry: 2.04760 SL: 2.03709 Take Profit; 2.0581
HELLO TRADERS, As i can #BTC has done a retracement of 9k$ and now created a Double Bottom Its a strong support zone too for BTC & it's now testing the Trend line also so technically it's a great area for buying BTC with a small risk al looking for a huge rewards friends EFT and many more things are happening around the world for Crypto Legalization. fundamentally...
#SC/USDT Analysis Description --------------------------------------------------------------- + SC is currently moving towards the support line, if the it goes in this direction i'm expecting a nice double top pattern which is more bearish for SC. + I'm expecting this trend to continue and hit the next support before consolidating. + I'm not waiting for double...
Scenario casting #Avalanche versus #Ethereum as we go forward into 2024 The blast off from the lows has to be respected and is a significant show of strength and shames other blockchains price performance these past few weeks I'm looking at you #Algorand & #HBAR