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Bottom

Double Bottom on AUD/CAD @ W1This double bottom pattern has formed on the weekly chart of the AUD/CAD currency pair, signaling a potential reversal from the preceding downtrend. The two bottoms are marked with the yellow arcs; the neckline is marked with the yellow horizontal line. My potential entry level is at the cyan line. My potential take-profit level is at the green line. A stop-loss (not shown on the chart) can be set to the low of the breakout candle or to the low of the preceding candle if the breakout candle trades mostly outside of the pattern's borders.
Long
by AndriyMoraru
Quintuple Bottom on Raydium?FTX:RAYUSD looking pretty crazy, i cant remember if i have ever seen a quintuple Bottom on a Chart before. This could potentially confirm a bottom to traders and rn would be the lowest risk entry because its pretty easy to manage risk at this level. If RAY closes a daily candle or even a 4h below the $8.986 level, it will probably fall much lower. But since its a rock solid project and the biggest AMM on Solana i highly doubt it, at least it would be kinda devastating for the Solana ecosystem and signal weakness to investors. Oscillators on all higher time frames looking primed for tremendous upside potential.
FTX:RAYUSDLong
by luyestefan
1
BLOK can Ascend Further.Hi every one BLOK/USDT BLOK has done a Impressive Movement lately but It seems This is only the Beginning! as you can see a Rounded Bottom is now Visible on the chart. This means The Price has a Chance to Increase Further as much as the Length Between The Top & The Bottom of the channel (Measured Price Movement). Since There is no Break out Yet,we can be sure about this Movement so we must wait for it to happen for Confirmation! ⚪Summery: -BLOK Is in a Rounded Bottom -Can Increase as much as the Measured Price movement! -No break out yet! 🔴This is only an idea and not a financial advise (NFA)🔴 💎Traders, if you liked this idea or have your opinion on it, write in the comments, We will be glad. Thank you for seeing idea . Have a nice day and Good luck
Long
by CobraVanguard
15
Have we reached the bottom yet???A brief analysis of $BTC YTD. Using a key support/trend line, we can conclude, it is possible we have not reached the bottom yet. We could see prices of $49-51K over the weekend. This is a very strong shakeout and whales are in accumulation mode. The bears are getting to comfortable, the leveraged traders are getting liquidated, and INVESTORS are buying the dip! These shorts are about to get squeezed and I expect $BTC to rally to $100K very soon.
FTX:BTCUSD
by TheJonesPortfolio-100T
$US500 - S&P500 futures - COVID crash 2.0 or correction ..?- BREAKING NEWS - According to WHO, the new covid strain is considered "serious" Let's see what this is all about. Technically we are playing out a bearish divergence that has built up since we found that top on november 5th price kept sloping up, but momentum was fading. And news like today is a perfect catalyst to make such a divergence play out. We have some sort of support/demand line coming in again, we created that support line, when we found the bottom of the sept/oct correction and even backtested it nicely couple days after. I think coming back to that trendline is healthy for the market, and if market participants really buy that demand again, we might be up for an aggressive rallye. If we smash that demand line though, I think there could be a bit more downside to this. I think, at the moment its well advised to have decent cash posotion on the sideline rdy to be put to work. I will post a LONG setup, whenever there are signs that market might be rdy to run. At the moment, I don't think that we will be fully crashing, but, if we break that demand line with high volume, and maybe even backtest it as new resistance, then a short might be something to think of. Stay tuned, and please comment like and follow me if you can :)
U
by 10xTrading
1
Is it time to invest in China?KWEB is a China technology based ETF. Top 10 holdings by weight: Tencent Holdings ~ 10.62% Alibaba Group Holding ~ 10.32% JD.com ~ 7.21% Meituan ~ 6.99% Pinduoduo Inc ~ 6.97% NetEase Inc ~ 4.71% Baidu Inc ~ 4.27% Bilibili Inc ~ 3.83% Trip.com Group ~ 3.82% JD Health International ~ 3.32% Fundamental Analysis China’s stock market pullback this year has been in line with the average annual drawdown (approximately 30%); historically, this volatility has tended to produce double-digit annualized gains. In terms of seasonality, over the past 20 years, October has been amongst the strongest months for the Chinese stock market. Technical Analysis The 50sma has been tested as resistance 3 times before. A breakout above the 50sma could signal a significant change in trend. The RSI has shown a positive divergence, as the last three times, we tested the horizontal line (blue arrow), in each case RSI is showing higher lows.
AMEX:KWEBLong
by dorfmanmaster
4
Did Bitcoin Bottom?BTC looks to be following the same corrective pattern as Sept 7th-Oct 2nd (white line pattern) when BTC dropped from 53K to 40k. Price action is identical We are sitting in the same area on the trend line as we were before bouncing from 40K to 69K Currently breaking above resistance on the RSI, which also has had similar movement to Sept 7th to Oct 2nd. BTC is very correlated with the S&P which also appears to be bottoming as it just broke out of a descending channel on the 30 minute. The DXY is at overbought levels on the daily.
BITSTAMP:BTCUSDLong
by anamaly
1
ADAUSD Bullish Divergence and Update (repost)Important things to note: BTC is close to finishing its correction. BTC hit 56.5, I told everyone it might go to 56.4, close enough. BTC will have to push up above last low to insure bullish movement. It looks like BTC is heading lower than I expected. I still think we are nearing the end of the pullback. Unit then BTC will bounce around until the move is accomplished. Total2 has reached the bottom of its pullback in my opinion. Total2 will bounce around for a bit and then the upward move will start again. ADA has finally has a good test of the 200MA. I use a previous example of the 200MA test pushing the price upwards creating that base. My thoughts on the overall pattern of ADA has not changed. Basing patterns are common in a long term uptrend. If you don't know what I mean by basing pattern, it means a cup. Important dates to note: BTC ETF Deadlines Nov. 21, Dec. 8, Dec. 11 and Dec. 24. Before pushing upwards, BTC will have to move past its last low. Until that point I expect it to just move back and forth basically. It has failed to maintain its current position but I believe we are nearing the end of the pullback. Total2 looks like it has a bottom, and I expect the movement to be similar to the movements in the past after a pullback (bounce around and consolidate, then push upward rather fast). Now, ADA was starting to form its basing pattern a bit early but got stopped by BTC . Everyone here knows I wanted to see a test of the 200MA before hand (I have talked about it in almost every ADA chart for the past month). So this move did not surprise me at all. Also, it doesn't change the outlook on ADA. The chart I made a few weeks ago calling for a basing pattern to form for ADA is what I expect to happen. I have shown you a previous example of what I expect. I have not been putting out as many ADA charts recently because honestly you know all of the important information at this point. BTC is on the last leg of the bull run, enough money has moved into alts to have them follow BTC , and ADA should create its basing pattern where it will produce more targets from there. Though I am sure posting everyday will gain me a bigger following, I don't care about a following, I am a trader. If I do not have something to talk about it wastes your time as well as mine, and I value my time. The most I do now, is explain past movements or call out something I see that may be of interest so you understand what is going on. Tell me what you think? This is not financial advice. DYODD.
KRAKEN:ADAUSDLong
by mysticalwalrus
25
EURUSD: Waiting for the 1.1340 breakout to enter longEURUSD has already tested the bottom of the daily channel that you can see in the chart below showing the initial signs of reversal and now the top of the hourly channel at the 1.1335-40 area is going to be tested. We have already bought small positions in order to test our upside scenario and we are going to add more with an hourly break of the 1.1340. We will set the stops below the candle that will lead to the breakout targeting initially 1.1380-85.
Long
by Chartist-Trading
Bitcoin Bounce Coming?Since May 19th we have been following this upward trend on the RSI. Every time we touched this trend line we had a bounce leading to a higher high. And every time but once it led to a higher low as well. I expect us to create a floor at these levels (59-61k) and continue our up trend toward 100k. Im expecting resistance around the 80-85K level(first thin blue line of resistance) for the end of the month or early December. This is marked with the first thin navy blue resistance that has been holding us down since it broke support in June.
BITSTAMP:BTCUSDLong
by anamaly
1
Predicting the bottom: what can 2013 and 2017 tell us?If you're like me, you have a job and hobbies and things to do other than staring at charts. I consider myself an investor and cycle trader rather than a swing trader. The vast majority of my gains are made on only a handful of trades made over the course of a few months/years. As I mentioned recently, I think this cycle has yet to peak and there are still significant returns to be had in the coming weeks/months: So why am I thinking about the bear market bottom now when we likely have yet to see the bull market top? The answer is simple: if you have an idea of where the bottom will be, you'll have a better idea of where to sell the top. And it's a lot easier to sell in a scorching hot market when you have some degree of confidence that you'll be able to buy again in the future at a lower price. Earlier this year, I made predictions on where this cycle's top would be based on the rate of diminishing returns of the last two cycles: Now I'm using this same type of analysis to get a sense of where price will bottom out in the inevitable bear market. Here I'm looking at three measurements from the last two cycles: (1) Cycle top to bottom (2) Prior cycle top to next cycle bottom (3) Prior cycle bottom to next cycle bottom Then, using the same rate of diminishing returns we saw from 2013 to 2017, I've extrapolated the values for the current cycle. Here's what I found: Prior cycle top to next cycle bottom: $29,499 Prior cycle bottom to next cycle bottom: $19,192.66 Since we don't yet know where this cycle's top is, we don't have the data required for the "cycle top to bottom" projection, but we can look at the numbers for a few realistic scenarios for where the top might be: (1) $115k (most likely scenario): $21,689 (2) $69k (bearish scenario): $13,013.40 (3) $180k (bullish scenario): $33,948 I think the $115k top is the most likely scenario, so I'm choosing to use that figure for now. It's probably also worth noting that bitcoin has never bottomed below a prior cycle's high. And while I think that's probably a safe assumption to make again for this cycle, I don't think that pattern is likely to hold much longer. Finally, taking the average of the three values (29499, 19192.66, and 21689), we get $23,460.22 (there's that CME gap for all you superstitious fanatics). There are, of course, a lot of variables at play, so I'm certainly not going to start placing orders at $23.46k as if it were a foregone conclusion. But this does give us a realistic idea of what we should probably expect, and can shape our decisions going forward. So, with this in mind, my next BTC target ($79-80k) is likely where I'll ramp up the profit-taking process, reallocating and reducing positions. Sure prices may continue running higher, but it's a long way down to the bottom, so I'm more than happy to start securing some profits here because I can be fairly confident that at some point over the next year or so I'll be buying much much cheaper.
BITSTAMP:BTCUSD
by reees
6