Double
Eur Usd possible Double Top at TL1) Price touched the big falling trendline
2)Price formed a Double Top right at this Trendline
3)RSI confiming a Divergence and indicating that price might go short here
I just want to see a break n close through the light blue s/r zone here .
I have enough confirmation by the 3 points above for a short now i just need this last push down breaking the structure to open a short position .
Alternative keep your eyes open for break to the upside above the Double Top this will invalid the short scenatio for now and will open some space to the upside.
Bitcoin: BTCUSD Double Top at 9000 - Caution Required Now Bitcoin Bitfinex Chart Update Double Top at 9000 Witching Hour - Caution
Bitcoin reached a high at 8999 on Bitfinex overnight around mignight gmt - effectively a double top here after a 50% rally. As the futures
chart shows the entire range from 9000 to 9225 is a powerful resistance zone and Bitcoin is clearly struggling to make
headway above here. Additionally it has lost the longer term dynamic support and although buyers have appeared at the
8346 line it's more likely day traders scalping 200 points where they can. It's difficult now to keep a bull hat on from
here ...it will have to break above the parallels guiding the current down-trend from the overnight high and then hold up
at 8586 to change the picture back to near term positive - but even then the bigger rising dynamic now above price will be
likely to hold back rally attempts from here - if we see this and you follow long again to use a stop under 8550 as any
breakout from 8586 line cannot be trusted as others were - because of that overhead dynamic resistance line.
Right now this is day traders' territory - the smaller rsisng dynamic running under price is their likely stop line and if
breaks below it it will fall away to 8346-8300 again and then if this breaks to the lower parallel of the continuation pattern .
All smaller 150 to 200 moves right now. But in near term Bitcoin is trying hard to penetrate the upper parallel of the
continuation pattern - bulls don't want to quit still, but they're beginning to push against a closing door...that bigger
rising dynamic now above it is likely to stop any rally from here...after a 3000 point 50% rally, where we first bought at
6200 and have bought every break out good and bad since, discretion has once more become the better part of valor for
wiser Bitcoin bulls. We had our time. And now it's time to turn cautious again.
Just be very careful if tempted in by this rally now...it can push higher because some still have bull hats on when they
should really be looking for shorts from here - but that dynamic should stop them if they can push it that high. If
you're still wearing your bull hat, tread carefully, is all.
Eur Aud Short after double topIt looks like a classic top pattern for me .
We see price found reistance in form of a double top right at a previous swing high which provides this resistance area.
I look for a short trade after price breaks n close below the double top neckline (support) .
Looking for a target at round about 1.54500 area.
If price cant break below i look for the other direction and a break of the resistance at the top for further bullish momentum.
2 simple "If then" scenarios for this more or less classical top formation.
LTC/USD Double Bottom ReversalLitecoin chart is looking to show good signs of reversal. I found a double bottom pattern that follows the rules pretty accurately. Ive noticed the first leg ends before the second leg and there is a good amount of volume throughout these bottoms. The space between the moving averages is decreasing, once we see the 8 EMA (green) move over the 55 EMA (red) it is a good confirmation we are moving in an uptrend. Once the candles close over the trend line resistance we will see it shoot towards the neckline. After it is passed the neckline it will retest it as the new support and move on from there.
**The green lines are not price predictions they are just showing what will happen once it passes the trend line resistance**
I am not a professional, i am still learning. If there is anything you would like to point out about my analysis please feel free to comment as i appreciate any help/tips. Thanks
LTC DOUBLE BOTTOM REVERSAL?! BREAKOUT INCOMING?LTC seems strong after forming a double bottom reversal pattern with bullish divergence on both the 4H Godmode and RSI; Not to mention it has started to pierce the top of the red ichi moku cloud. I would be surprised if this was a fake out. I wouldnt buy just yet tho, I would wait for a break of the upmost top downward trendline first, or even a bounce on top of that trendline if you want to be extra safe.
BTC support zones on Coinbase GDAXFor those wondering where the next support levels are during this correction see the yellow solid lines.
Thicker lines for stronger support levels.
Back to back bullish reversal hammers 1st one red new one green.Still waiting for a volume boost for confirmation of a valid trend reversal. We didn't get one today but instead we appear to have gotten yet another bullish reversal hammer (in the magenta circle) a good sign even without volume yet that a bull reversal could be likely. the 200 day exponential moving average is still acting as great resistance. Yesterday that support line was reinforced by the bottom green channel line and today it appears it was reinforced by the bottom bollinger band line. I remain cautiously optimistic not planning to get into the market any further until we see what this next candle does. At the very least a green candle that finishes with a higher high and higher low than todays candle is a step in the right direction but a green engulfing candle with a big boost in bullish volume would be the sign I'll be looking for. Stay patient and don't fall for bull traps!
AUDUSD bull bat and bull gartley on h1AUDUSD might give 2 long opportunities as shown on picture.
The small, bat: @ 0,8051 /SL 0,8021 /TP1 0,8073 /TP2 0,8087
I will update bigger gartley later IF it get active
As always, comments are welcome
---------------------------------------------
"Build a plan, follow it consistently"
Regards
Rafael
NATURAL GAS - READY FOR TAKE-OFF?The price is currently retesting a pretty strong level @ 2.54-2.65. There is a lot of evidence making me believe we could be seeing a strong move back up to the 3.38 level.
1) Weekly Stochastic Oversold
2) Shooting star candle on the Weekly
3) Price has completed leg B of a potential Flat correction of the most recent impulse down.
4) Double bottom
My personal details:
Long @ Entry: 2.58, SL: 2.30, TP: 3.35, RR: 3.35
For risk and money management purposes, always determine a max. of 2% risk on every trade.
For example on a $50,000 account, this would be equivalent to 1,25 Lots with an 80 pip stop loss.
Targets and closure of positions may be subject to alteration throughout the course of the trade. This is due to the ever-changing and unpredictable nature of the market.
This post is set to be used and serve as an example and in an educational manner and is not to be taken as direct investment advice.
MERRY X-MAS EVERYONE! :)
A Double Bottom Pattern Has Formed On the 30min BTC Chart?What do you guys think? Could finally mean a trend reversal after yesterday's vicious mauling by the bears.
AUDUSD H4You look this Cross . We have a double Top with conditions. The condition is that the maximun 2 ... yes did a maximum but close down the maximum number 1. This pattern is mean to go Short. Now we have a support on 0.80410 . If the price broken the support and after touch a new time 0.80410 ( new resistance ) .... And you dont forget the MA 50 that will be broken.You can go Short. Open at 0.80410 with Stop Loss at 0.81122 and Target Price at 0.79590. Can to be ???? We hope. by Ulisse010 from Thailand with love
Double Bottom = DB = Dragon Ball Formation. Super saiyan confirmRSI about to drop below 30, double bottom is about to form for BTCUSD at $9300.
Once the formation of double bottom completes, the super saiyan transformation will be completed. BTC is bound for Planet Namek to defeat Frieza once again
#SC is forming a W#SC is forming a W and can double soon. It is sitting on support line and is ready to pop. MACD crossover indicates a breakout can come soon. Once we see any form of confirmation I am going heavy because this will be big.
USD/ZAR 7 swing Long and Short opportunities long term.As of now, oversold on weekly and daily. Has a large zone it can extend into, but as of right now is looking like a classic modern day 7 swing pattern, which if completed, would bring it right to the .618 retrace of major low to major high... If you see this playing out, which looks like it will trade accordingly. These are the types of "supply and demand" trades you want, at least in my humble opinion. This is some high time frame stuff though so understand that...
LTC going up ! (Double Bottom)Hello, I think LTC is going to touch MA line, and then go back a little, and then hopefully it will brake the triangle.
MACD confirms up movement, also double bottom was spotted.
What do you think ?
Thanks.
Ethereum Classic: A Great Long Term BuyEthereum Classic to Bitcoin seems to have found its bottom at the .0014 level. Now there is only one way for it to go, and that is up. Long term I think that ethereum classic will easily retest .0031 level and if it breaks that (which there are high chances) we will probably see a retest of .0048. I hope this post helps some people make money :) Happy trading!
Please donate if you like what I do! :)
bitcoin: 1NTkRex1gE2iJ63sFQHNpFYkBoeZ3w69FZ
bitcoin-cash: 1GYPijuWfRYtaWmFbPsFjWsozEP3ZXaheq
ethereum: 0x56E49FB49221623C8FC7BE27C49E6d7Ff8d02c70
burstcoin: BURST-S9HQ-84BX-CXX8-4RKBC
ADA Cardano Possible *LONG* Double Bottom after BTC Flash CrashThis is simply a speculative observation, since the markets are quite unpredictable right now and TA is far from insurance.
But ADA appeared to have defended support last night amidst the market blunder, and in the process formed a double bottom which *typically* is an indicator of possible short
to medium term run up.
This idea is further strengthened by the RSI and MacD levels on virtually all time frames.
Again, ADA will have to hold this support line or this idea will become invalidated. But if it does, we may just see new highs, if the run this past week was any indicator.
I would personally wait a bit for the market to stabilize before making a solid decision on possible entry.
Good luck and happy trading.
ICX/BTC Testing the resistance for the second time ¨double tap"ICX/BTC Testing the resistance for the second time ¨. I set my stop limit buy at 7234 sats in case of a breakthrough of the resistance. Otherwise it is overbought at the moment and there can be a small correction to the next support line where i will buy back.
Resistance: 7234 sats
Buy back: 5438
Stop-limit buy: 7250
*This is not financial advice. Just my own opinion
Litecoin consolidation coming to end!Litecoin has been consolidating for almost a month and looks ready to make it's u pmove again. There is a small little double bottom that has formed that is also a higher low so
all that is needed is to form a higher high and then I think it is ready to attack old highs and then set new highs!
