Using the 1 hr. charts, we may have an opportunity to trade LTC this weekend. Over the past week we saw a major bounce from a double bottom which was BELOW the downchannel (in pink). My guess is the double bottom was in part due to the Litepay fail on March 26 along with ensuing FUD..and of course BTC. After the bounce to 135 level, another drop to the lower...
Triple bottom spotted on GTO. The last time this happened it did a moonshot and increased by 150%. If this is true you will surely profit, though I should say that I am very skeptical to get that amount of profits specially in this bear market. So I will sell some at the 200 EMA instead. Leave some, and wait what will happen.
I think we will have reversal pattern "double bottom" or "triple bottom" and go to the next Fibonacci level
Here is a trade that can put us right into retirement. I really can't say much around here but what I can say that this looks good right now. And if I will to follow the book I'm currently reading (Encyclopedia of Chart Patterns), we can get at least 100% to as the falling wedge target and 130% for the triple bottom. Now, I am not the guy who will wait for the...
Hey all, CLOAK might be a good one to watch while BTC -0.34% is on it's way up. It is closely following BTC/USD movements currently so could be some nice gains here. Not to mention the rumours of it being listed on Binance this week which could take this to the moon. -Broke out of down trend (green) will still need to close above to confirm trade though....
We have a possible triple bottom forming around the 8400 mark, with a bearish MACD cross happening as we speak iwe could fall through this support and head down to the next support around 7550. However, there is a small chance we could bounce off the triple bottom support and start a reversal pattern, as you can see BTC is very over sold at this point and we could...
Possible triple bottoms for top of descending broadening wedge!
After a triple bottom to daily support, the bulls have taken over on this pair. Price closed below resistance, so I will be watching for a pullback to the fib regions for potential entry as we should see price make higher highs & lows now..
Watching for a daily closure above 109.400 .. Price made a triple bottom at key level support, & may be looking to start climbing back to the upside. Watching this one closely..
ETHUSD update: Judging by the bigger picture, this market has not sold off as dramatically as the others. In fact, price has rejected the 872 to 739 support zone twice, leaving behind long wicks in both instances. Although this market can retest lower prices, it is in a relatively better position to rally. In this report I will highlight the possibilities both...
Weird looking inverted head and shoulders implying a test of the previous high, if neckline is broken. The more likely scenario is the lower target determined by measuring the triple bottom created, if one does not look at the long wick on silver. That's if silver breaks up another few % above this resistance to confirm the measured move into the new trading...
triple bottom should form and when it does, buy at the breakout and ride out towards the 3 profit targets.
Could USDJPY be headed to the upside? Technicals may be leaning bullish on USDJPY and here’s why: - Triple bottom formation currently forming (possible indicator of a reversal). - Using bullish bias on the daily chart, price is currently hovering on the 50 level of the Fibonacci indicator, which can be used as high indication for bullish swings. - Lastly,...
There is a 12K double bottom support level that can be my 1st Take Profit area. I have drawn an ascending trendline that when a Break-Hook_Go pattern on the 15m chart develops I will enter with a triple bottom retest as my TP. Price may continue bearish from there to the "e" point support level as my 2nd Take Profit.
BTCUSD update: Within the triple bottom formation that is now established in this market, there is a particular sequence of price action that often leads to a momentum reversal. The confirmation of this infrequent pattern is a retest and higher low of the 12350 support area. Price has broken the 13500 resistance level and if it continues at this rate, will most...
BTCUSD update: Triangle and minor support broken as bearish momentum carries this market to retest the 11600 low. Price is now hesitating at what could develop into a triple bottom support. Buying now is still attractive for longer time horizon positions. In my previous BTC report, I highlighted the lower high and what possibilities it implied. The market chose...
Possible reversal starting on EMC2. Triple Bottom over the last few days could set up for a run. Watching the neck line for a full on reversal confirmation if it breaks. With news coming on the 19th, this could be a chance to start scaling in or thinking about a position when the Neck Line breaks. Happy Trading!
Pair is bouncing from the GAP on Daily chart and created triple bottom. It is qquite possible that the pair will try to reach 2000. Target between 1500 and 2000 is quite reasonable