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falling wedge or bearflag? dead cat or possible double bottominside what started out looking like a descending triangle bearflag we have developed a small falling wedge(bullish)on the 1hr chart...shown here is the 4hr chart. The initial 4 hour descending triangle we have already broken below but the whales seem to be holding things above 4k thus no breakdown was triggered casting much doubt on tis being a descending triangle....this could lead to a potential double bottom with 4050 and 4090 however it could still end up breaking below for now it slightly favors the upside temporarily but since that probability is only slight..this idea will remain neutral...this is more or less a no trade zone until it chooses a clear path.
BITFINEX:BTCUSD
by DrDovetail
BCCash's double bottom has triggered!As I had predicted in my previous bit coin cash idea on here we reached the neckline of the double bottom on BCash and have finally triggered the breakout...the price target I have listed here is a great palce to limit sell, although we may run into decent resistance at the 1 day 200ma(in blue). We may also start to wick down just before this target too so a pip ro 2 below it as a limit sell isnt a bad call either...of course there's also a chance that fomo could allow us to send a bull wick a couple pips above this target as well. Whether or not your limit sell triggers as long as you got into this trade near the neckline a market sell will still get you plenty profit. *not financial advice*
BLong
by DrDovetail
BCH on a bullish rampage should reach well above 1day 200ma… BCH on a bullish rampage should reach well above 1day 200ma before any sort of major correction. Even when we get there the correction could be quite mild before another leg up we will have to assess the overall confluence of indicators once we get there. However if one were to put a limit sell somewhere it would be at that target point, a pip or 2 below to ensure your tatget is met or even you're fomohunting a pip or 2 above for the riskier types. Of course this is just hypothetical though as this is not financial advice. Cheers!
Long
by DrDovetail
Bitcoin Cash Eyeing a potential Double Bottom breakout. Something has lit a fire under bcash's ass and sent it launching upwards....I was lucky to have gotten on right at the breakout but I took my profits slightly early at .0792 sats. Now I'm contemplating re entering but am expecting bch to have a slight retracement before it shoots for the enckline of the double bottom. It ay not though at this rate....I anticipate it breaching the neckline within the next 3 1 day candles and either doing a temporary fakeout or ust triggering the breakout right away...if it does trigger then BCH will be making its way all the way to the 1 day 200ma in blue. I ahve a feeling November 5th may be a bullish day.
BLong
by DrDovetail
Going short GBPAUDI spotted a Double Top on GBPAUD with RSI and a resistance level. As we can see RSI is not as strong as it used to be on the same resistance level. Saying so as long as the price docent close above the past high we can make some decent profit. I entered the position early which may allow me to increase my profits but also take higher risk. Furthermore you may want to wait for an extra confirmation. The target was set using volume profile in a range market zone. Stop Loss: 1.86221 Take Profit: 1.81421 Ratio: 34:1
Short
by EmilianoMesa
1
EURUSD POTENTIAL DOUBLE BOTTOMThe euro is trading back towards the psychological 1.1500 level against the US dollar after sellers failed to hold price below critical support on Monday. The EURUSD pair may have formed a bullish double-bottom pattern, hinting that price could now start to correct higher. Intraday buyers need to move price above the 1.1553 resistance level, while sellers will need to break the current weekly trading low. The EURUSD pair is intraday bearish while trading below the 1.1500 level, key technical support is now found at the 1.1456 and 1.1405 levels. If the EURUSD buyers move price above the 1.1500 level, key resistance is found at the 1.1553 and 1.1600 levels.
by OctaFX_Official
The trade to double YoungShkreli's bitcoin stack. Hello all, This is a first, and it will be a last. I didn't really want to make this post because I didn't want people to see what I see. Otherwise, I might lose my competitive advantage. But, I know I must lay some golden eggs if I am to get the love from you guys. I am expecting this next trade in the ETHBTC pair to make me over a 100% return in just a few months at most. I did it before earlier in the year, where I drew the purple arrow, and it worked just like I am expecting this one too. As you can see, I am expecting ETH to go to that green line. I recently made a similar trade suggestion in XRP and one of my paid members jsut made over 100% on it. I'll link it here: There's a catch to all of this, however. If you want me to keep making these excellent posts on a regular basis, I need your support. Please follow me right now and like my work. I am trying to make it to the top of the daily trader's list on the front page. Please help me get there. I promise it will be worth it for you if I do get there ;) Thanks for reading. Let's get to the top of the front page! -YoungShkreli
by CantorTechnologies
8