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Double Bottom

BTC dump is coming? Hi dear community, I hope you are fine. I will be short. I will update my ideas about current situation on BTC chart. I'm looking at 2W BTC log chart by Heikin Ashi candles. I'm comparing 2022 bear market with 2015 coz they are very identical by many factors which I told in my previous analyses. So as you see after making double bottom with strong bullish div BTC pumped from 15.5K to 24.3K as I had mentioned in my previous analyses. There is huge resistance at 24.5-25K zone/200weekly EMA, range high, diagonal and horizontal resistances, monthly diagonal bearish trendline test etc. Approaching to key resistance bullish candles became smaller/check 3D or W chart/, buying volume was diminishing, the momentum was losing creating multi bear divergences on multi timeframes, as a result of the mentioned the price rejected at 24.3K & dropped to 21.6K filling created imbalance, and FVG zones bellow 22.3K. As you see after bottom, BTC created 3-4 big green Heikin Ashi candles marked in pink box and dumped to the main market structure making HL, at the moment you can notice the same green candles in a pink zone with RSI identical move as it did in 2015)). To be honest , we need this healthy correction putting HL in current structure. There is weekly FVG zone at 17.2-20.4K zone as well. In coming days and weeks, I expect BTC to dump to the mentioned zone and fill at least 50% of FVG which is 18.7K. More likely 18.5-19K zone will hold not only as a FVG zone but also strong horizontal support and we'll see strong reaction and bounce from that region which will lead the price to new highs)). If you like my ideas don't forget to like and follow me for further updates. I will appreciate any kind of support. Also check my other analyses.
BITSTAMP:BTCUSDShort
by ergal91
IEX the monopoly company has Double Bottomed for a reversalIEX has closed above EMA 9 & 20 the stock has taken multiple rejections from EMA 50 line which also acts as main resistance to the stock price since a long time. The stock is expected to reach the target price by taking its previous price actions. The stock price may retest EMA 50 before hitting Target 2. Place stop loss GTT trade while taking the position. remember to authorize the sell every morning to execute the GTT trades successfully. Note,: This trade idea is entirely upon my personal observation, this is not a recommendation or call. I request you to do your own research before taking the trade. Do comment for any doubts or clarification. NSE:IEX
NSE:IEXLong
by harshith67
5
KUCOIN GEM: FINDORAFindora is a nice microcap privacy crypto that's still very much under the radar. Currently only has a $8m cap. They plan to revolutionize privacy in crypto across the entire space. Spending 5 minutes of your time to read about this project or watch the latest video on their YouTube will get you interested for sure. This is not just another privacy coin, this product is revolutionary, simplifying privacy for the entire crypto space, with a focus on mass adoption. Anyway, on the chart we have a combination of 2 major bottom patterns. We have a clear Adam & Eve double bottom pattern + an inverted head & shoulders inside of it. It looks even better on the log chart, which I will provide after this post. Targets reach from as low as $0.005 all the way up to $0.027, and who knows where it could go if it ever hit a new all time high.
FLong
by jariii
Double Bottom on GBP/JPY @ D1The double bottom chart pattern has formed on the daily timeframe chart of GBP/JPY following a downtrend. I will use this formation as a potential bullish entry. The two bottoms are marked on the chart. The neckline is marked with the upper yellow 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) will be set to the low of the breakout candle or to the low of the preceding candle should the breakout one appear mostly outside the pattern's borders. I will ignore a bearish breakout from this bullish pattern.
Long
by AndriyMoraru
1
2 overlapping 4hr chart bullish patterns on ethusdWe can see a bit of a pump in price action on the 4hr chart for ether here. It appears to be breaking above the neckline of an inverse head and shoulders pattern(in yellow). Of course many times these patterns do not trigger their breakout on the first break above the neckline but rather dip back below it and wait until the 2nd or sometimes even 3rd break back above the neckline before confirming the breakout. Always a chance though this one could confirm on the first candle break above the neckline so its always wise to prepare for all possibilities. If it does indeed trigger the breakout of this 4hr inverse h&s pattern, the measured move target should carry price action above the neckline of a slightly larger double bottom pattern (in green). We’re this to happen, it could very well then flip that green neckline from resistance to support upon retesting it, thus triggering a double bottom breakout next which would take us to the green price target. Of course it could also trigger the breakout of the double bottom without retesting the green neckline, or it could break back below the green neckline and not actually trigger the double bottom breakout until the 2nd or even 3rd time above the green neckline (just like with the yellow inv h&s neckline)If I remember to be open to all of these possibilities, await for confirmation, and then make my move I’m sure I will play these 2 patterns wisely. We must also remember that a fakeout of the double bottom pattern or both patterns is also a possibility as well. The resistances/supports, price candles, and volume candles, should clue us into into which one of these possibilities will be the ultimate outcome soon enough *not financial advice*
BITSTAMP:ETHUSD
by DrDovetail
4
Falling Wedge - Earnings Play AMZN has been holding a massive falling wedge for quite some time, and with buyers finally starting to step in as AMZN approaches earnings, definitely will be keeping a close eye on this one. Bollinger bands are squeezing (Not Pictured), Bullish ABCD Elliot Wave, some bullish hidden divergence on the RSI, and a double bottom all pointing to a breakout. However, a bit wary to enter given Powell will be live at 2:30 today. Bullish and will be looking for a breakout from this wedge (Broader Market Conditions Permitting)- Just some FIB levels to watch along with some RSI-based supply and demand zones to keep an eye on in the meantime --See Attached PT's & Previous Charts Below-- PT1- $103.17 PT2- $105.34 PT4- $107.11 PT4- $109.56 + --Previously Charted--
NASDAQ:AMZNLong
by jacobosiason7
2
DOUBLE BOTTOM PATTERN FORMINGDouble Bottom Pattern is Signaling a Buy on Hydra! The Double Bottom is also called the BIG WINNER, because it forms a W on the chart. I expect HYDRA CHAIN (on the 1 Day Chart), to continue bullish until we reach top of the parallel channel before breaking out to resistance at $3.60+. One Key Target area to watch as we approach the neckline & top of parallel channel @ $3.20, we must close candle above $3.20 to signal a breakout. When this happens, we will surely have a retest of $3.60 before continuing with higher highs. FUN FACT: HYDRA also has a 40% Staking Incentive that is hard to pass up that will compound daily when you reinvest your staking rewards. That is 0.1% in Hydra/day & Compounded Daily. As a traded security, you have the amazing potential of having those percentages exponentially increased. KEY TAKEAWAYS: >The double bottom looks like the letter "W". The twice-touched low is considered a support level. >The double bottom pattern always follows a major or minor downtrend in a particular security, and signals the reversal and the beginning of a potential uptrend. Remember to DYOR and Happy Trading!
Long
by LegitCrypto
2
EURGBP - WEURGBP Another double bottom + TL as support! We could go further and add various other confluences but what's really important to implement your own trade plan in this idea! Double bottom, support 0.88350 areas. Drop below further than that, then I would re-think this idea. Overall stay above the support of 0.88350 and break of the key resistance that has been tested multiple times 0.88950 it's strong resistance but a break above I expect 0.89820 areas to be target. We do have ECB & BOE today... Have a great day ahead, Trade Journal
by Trade_Journal
LAC - Update - BreakoutHave had my eye on LAC and the lithium sector for quite some time now, and some big news coming this week for LAC while simultaneously setting up for a breakout. LAC is currently holding a massive falling wedge on the daily and weekly timeframes. On top of that, LAC has some slight bullish hidden divergence on the RSI after being way in oversold territory, a double bottom, and MACD golden cross, all accompanied by a bullish cypher harmonic pattern on the daily timeframe (Not Pictured), and lastly some bullish hidden divergence on the RSI on the weekly timeframe. Bullish and will be looking for a breakout from this wedge (Broader Market Conditions Permitting)- Just some support and resistance levels to keep an eye on along with some RSI-based supply and demand zones in the meantime -- Price Targets & Previous Charts Attached In Description - PT1- $20.81 PT2- $21.67 PT3- $22.54 PT4- $23.78 --Weekly Timeframe-- -- Previously Charted--
NYSE:LACLong
by jacobosiason7
7
GBPUSDThe resistance zone as been retesting since 13 DEC 2022 to 14 DEC 2022 but didnt break it on 18 JAN 2023 it come back to retest on the resistance zone then drop a little bit and reject the down side pushing up again to resistance on 22, 23 JAN 2023 reject it and drop to retest on support finally after retesting the support it made a double bottom and pull back up to resistance zone rejected it. Now the price is going to retest where it reject the down side forming RIGHT SHOULDER, then pull up strong bullish force break the resistance zone am going to be patient waiting to retest the break out of resistance zone and place my buy entry well confidence.
by UnknownUnicorn13971156
1
LINK - DYDX - SUSHI || Coincidence? I don't think so Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst. As per my trading plan / routine, I update my charts and alerts every Sunday night to be ready for the upcoming week. Tonight, while going over all the charts, I noticed that these there assets / tokens are forming similar price action. LINK - DYDX - SUSHI || Weekly Chart: After rejecting a support zone and round number, these three have been stuck inside a range in the shape of a double bottom pattern. 🏹 For the bulls to take over long-term, we need the double bottom pattern to get activated by a momentum candle close above its neckline in gray. Meanwhile, until the bulls take over, we would be stuck inside the range. 📚 We know that the entire crypto market is correlated in a way or another, but these three took my attention as the similarity is huge. what do you think? is it a coincidence? are these three somehow related? Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
by TheSignalyst
19