Get started

Double Bottom

$BTC Trading Idea – Short-Term BounceCRYPTOCAP:BTC Trading Idea – Short-Term Bounce Pattern: #BTC is forming a double bottom, indicating a potential trend reversal. RSI Divergence: Clear bullish divergence on RSI confirms buying momentum. Target Levels: First target: $89,000 Second target: $91,000 Third target: $93,500 Outlook: Expecting a short-term bounce before a potential correction. Monitoring price action closely for confirmation. This setup suggests a high-probability move to the upside in the near term.
BINANCE:BTCUSD.PLong
by crypto_vulture_signals
ETH/USD - Technicals and Fear Index Point to Upside!Welcome to another Wolf of Blockstreet analysis where I take a look on ETH/USD! On the weekly timeframe, we can observe a significant market structure since the last low in September 2024. ETH in 2024 underwent an ABC correction into a strong support zone, followed by a massive wick up. This was followed by two bullish weeks, establishing a higher high, and then a wick fill down that set up a double bottom pattern. This could be happening again. Additionally, we see a long-term support trendline in play here, reinforcing the bullish setup. At the same time, the Fear and Greed Index is at a historically low level, signaling extreme fear in the market. As of February 27, 2025, the index stands at 10, which is even lower than the fear levels seen during the FTX crash in November 2022. Historically, extreme fear in the market has often represented one of the best times to buy, as it tends to be followed by a recovery and upward movement in prices. The double bottom pattern on ETH/USD, combined with the extreme fear indicated by the Fear and Greed Index, could signal a potential reversal to the upside. My key area to look for long-term buying opportunities lies in the $2000-$2200 range. This zone provides strong support and could serve as an ideal entry point for those looking to accumulate ETH for the long run. However, this idea would become invalid if we see a weekly candle close below this range, indicating a potential shift in market dynamics. While both the technical analysis and market sentiment suggest a bullish reversal could be on the horizon, we need to see confirmation here and the cryptocurrency market remains highly volatile. Investors should conduct thorough research and be aware of the inherent risks before making any trading decisions. For more updates you can follow me on X: @PuppyNakamoto
BINANCE:ETHUSDLong
by WOLFofBlockStreet
ETHUSD and Crypto Signaling Risk On?So typically for equities I use the one hour, but when it comes to crypto being that a trading day is 4x a typical day for equities, I use the 4 hour. The one thing about my momentum indicator, is that forward testing has indicated that the longer a trade survives, the more likely it is to win! This one looks like we have a double bottom in the works as it approaches the neckline. If it can breakout, instead of testing that take profit, we are likely to smash thru it. I guess patience pays... The signal was created by the King Trading Momentum Strategy combines the 5 EMA crossing above the 13 EMA, RSI strength, favorable momentum as measured by ADX plus evaluating recent volume changes and even something that measures breakout momentum called Beta for some equities! ETHUSD and over 100 equities are built into this script, as well as, BTCUSD and SOLUSD with optimal backtest take profits and stop losses and can be toggled on by simply checking a box (default they are turned off). I always enable Using Bar Magnifier and On Bar Close in Properties.
BITSTAMP:ETHUSDLong
by KingTrading999
#ID/USDT#ID The price is moving in a descending channel on the 1-hour frame and is adhering to it well and is heading to break it upwards strongly and retest it We have a bounce from the lower limit of the descending channel, this support is at a price of 0.3000 We have a downtrend on the RSI indicator that is about to break and retest, which supports the rise We have a trend to stabilize above the moving average 100 Entry price 0.3322 First target 0.3156 Second target 0.3237 Third target 0.3322
Long
by CryptoAnalystSignal
Gold Retest Completed Now Next Impulsive Move!Hello Traders! As we know that gold is trading in two ascending channel, one is internal and 2nd is external and following trend every time like this impulsive move till upper trendline of external channel and retest move till down trendline of internal channel according to this trend next move would be 3016. there was a FVG and Order Block in H1 thats the reason for yesterday move still gold is in bullish trend. Resistance: 2924 Support: 2908 i am bullish till 3016 because its also a target of weekly bullish flag which i have already posted in ideas section you can check in related post Regards: PipsOptimizer
OANDA:XAUUSDLong
by PIPsOptimizer
XAUUSD Fresh demand to BUY Hello and good morning traders ! Today I'm sharing the idea about Gold, Gold is making new higher highs daily the last new high is @ 2942 we are looking for buy opportunity from new and fresh demand zone with a target of 2940 we are double bottom emerged we can see. we provide key points to watch out : Double bottom Emerged Target @ 2940 Adjust your SL As heikin ashi comes in buy we enter happy trading support me like and comment on this post and thank you 😘
OANDA:XAUUSDLong
by LegendaryTom
2
USDCAD on 1h time frame . Testing historical Resistance levelsUSDCAD 1H Analysis – February 10, 2025 📈 Potential Bullish Reversal The chart shows a double bottom formation near 1.4280, which is a strong bullish reversal pattern. Price has bounced from this level, suggesting a possible upward move. 📊 Key Resistance Zones to Watch: 1.4550 - 1.4570 → First key resistance (previous support turned resistance). 1.4780 - 1.4800 → Major resistance area where price previously rejected strongly. 🔍 Trading Outlook: A break above 1.4350 could confirm the bullish momentum. If price clears 1.4550, the next target would be 1.4800. A rejection from resistance zones could lead to another decline. 📌 Conclusion: USDCAD is forming a potential bullish structure, but confirmation of a breakout above 1.4550 is needed before expecting further upside. 🚀
Long
by Forexbeats
Different Types of W Patterns and How to Trade ThemHello dear KIU_COIN family 🐺 . Recently, I decided to provide some educational content for you, my dear audience, and introduce some essential and basic trading terms. Here’s what you should know: In these lessons, we will cover three different seasons: 🔹 Season 1: Reversal and continuation patterns. 🔹 Season 2: How to use RSI and other indicators to find good entry points. 🔹 Season 3: Definitions of Fibonacci and seasonality in trading. Stay tuned for valuable insights! 🚀 ✅ For the first section of 🔹 Season 1 , I’ll be covering W patterns— a well-known bullish reversal pattern : As you can see in the chart above, we usually have three types of W recovery patterns , which are the most important ones for us. However, in this section, we just want to get a general understanding of them. In the upcoming section, we will learn how to trade them and explore how they actually appear on the chart and the story behind them ! ✅ This is the first and most common type of W pattern: ✅ This is the second type of W pattern: ✅ This is the third type of W pattern: Ok, guys; I think this is enough for today, and I hope you enjoyed this educational content. However, don't forget to ask your questions below and support me with your likes and follows for more of this content. 🐺🔥
Education
by Kiu_Coin
Double Bottom Pattern: Bitcoin Total Domination Last week my post on Bitcoin dominance played out faster than it was expected. (see related) This indicator broke out into 60-70% area. So, I switched to a weekly time frame and spotted a classic reversal pattern called "Double Bottom" in the making for you. Let's break it down. We have two bottoms highlighted with yellow arcs in the same area. Indicator eyes the middle top between bottoms, it is called "Neckline" Now, let's breakdown buying technique: 1) buy entry is at the breakout above Neckline (green dashed line) 2) stop loss is at the valley of the right bottom (red dashed line) 3) target is located at the depth of the right bottom from the Neckline. in our case it can't be higher than 100% and is set at the maximum (blue dashed line) Its amazing that technical analysis could predict things that out of our scope as yet.
CRYPTOCAP:BTC.DEducation
by aibek
3
Double Bottom on USD/CHF @ W1This double bottom pattern has formed on the weekly chart of the USD/CHF currency pair following a downtrend that had been active since October 2022. It can be used as an upside breakout setup. The two bottoms are marked with the lower yellow line; the neckline is marked with the upper yellow line. My potential entry level is at the cyan line (10% of the pattern's height above the neckline). My potential take-profit level is at the green line (100% of the pattern's height above the neckline). My potential stop-loss is not shown on the chart and will be set to the low of the breakout candle or to the low of the preceding candle if the breakout one trades mostly outside the pattern's borders. I won't be trading a bearish breakout from this trend-reversal pattern.
Long
by AndriyMoraru
BTC | EXCITING PATTERN | Bullish Pattern in the DailyBTC has formed an interesting pattern in the daily timeframe. The W-Bottom pattern is a bullish pattern that shows up on the daily timeframe usually when the price is about to go higher. This can be considered as a bullish pattern or even a fractal, if we look at previous price action with the same pattern. This is likely the impulse that leads to a new BTC ATH as well as a new ETH and SOL all time high, which we are still waiting for: __________________ BINANCE:BTCUSDT
Long
by CryptoCheck-
2
EUR/GBP: PAT + VPA 11/2/2024Good morning, I will be closely observing the EUR/GBP currency pair on a daily basis, as I expect a bullish pullback or reversal to materialize in the forthcoming weeks. - 1W / Weekly Analysis: The market has recently dipped to a low of 0.839, with current support established at 0.832. The price has tested the 0.832 level multiple times without breaching it, suggesting a diminished appetite for selling at this juncture. Additionally, the presence of significant wicks accompanied by relatively smaller bodies may indicate a potential selling climax. - 1D / Daily Analysis: The daily time frame reveals the formation of a double bottom pattern at the weekly support level of 0.0832. Presently, the price is retesting the recent swing high of 0.84, which represents the latest peak. The price has demonstrated its capacity to remain above the 0.84 threshold, and I anticipate a continued upward movement towards 0.846 in the upcoming weeks. OANDA:EURGBP XETR:DAX TVC:BXY ThePipAssassin
Long
by ThePipAssassin
1
CFX Analysis: Potential Breakout After Double Bottom Formatationhello guys! Double Bottom Formation: The price has established a solid support zone around $0.1504, forming the base of a double bottom pattern. This structure indicates buyer strength and the potential for upward movement. Target Level: The breakout target is set at $0.1564, which aligns with a previous resistance zone. This level represents the next hurdle for the bulls. Two Scenarios: Scenario 1: A direct continuation of the bullish momentum towards the $0.1564 level. Scenario 2: A pullback to retest the neckline ($0.1504-$0.1510 area) before a potential rally to the target. Stop Loss Placement: A break below $0.1483 would invalidate the bullish setup, making it a suitable stop-loss level for risk management. ___________________ Strategy: For Long Positions: Enter on a breakout above $0.1539 with a target of $0.1564. Alternatively, wait for a retest of the neckline before entering. Risk Management: Place a stop-loss below $0.1483 to limit downside risk.
Long
by melikatrader94
5
Technical Analysis of Bajaj Finserv (BAJAJFINSV): A Bullish BreOverview and Key Observations Bajaj Finserv has recently shown signs of a bullish reversal after breaking out of a classic double bottom pattern, a strong indicator of upward momentum. The neckline at ₹1,680 was breached with significant volume, confirming the breakout. The current price of ₹1,735.20 positions the stock above this critical support, establishing a solid base for further upside. The pattern suggests a measured target of ₹1,800, aligning with intermediate resistance levels. Support and Resistance Levels The chart highlights the following critical levels for traders: Support Levels: ₹1,693.73: Immediate support just below the current price, ideal for pullbacks. ₹1,652.27: Intermediate support aligning with prior consolidations. ₹1,630.13: A deeper demand zone marking the bottom of the previous accumulation phase. Resistance Levels: ₹1,757.33: The immediate resistance that needs to be breached for continued upside. ₹1,779.47: A key resistance level and the target based on the double bottom pattern height. ₹1,820.93: A stronger resistance and the next major target for the stock. The stock currently faces resistance near ₹1,757.33, and a breakout above this level with strong volume could open the doors for a rally toward ₹1,779.47 and ₹1,820.93. Volume and Momentum The breakout candle exhibited a notable surge in volume, validating the reliability of the bullish move. However, subsequent candles show declining volume, suggesting mild consolidation near resistance. Momentum indicators such as the RSI and MACD need to be monitored for confirmation of continued strength. If RSI remains below 70, there is room for further upward movement. Trading Strategies For swing traders, entering long positions near ₹1,700–₹1,720 on pullbacks or above ₹1,757 after a breakout offers good opportunities. A stoploss at ₹1,669, below Support 1, ensures risk is minimized. Targets include ₹1,757.33, ₹1,779.47, and ₹1,820.93. For shortterm traders, a failure to sustain above ₹1,680 could indicate weakness, with downside targets of ₹1,652.27 and ₹1,630.13. Summary and Outlook Bajaj Finserv is exhibiting strong bullish momentum backed by technical patterns and volume. The immediate focus is on clearing the resistance at ₹1,757.33 to confirm further upside toward ₹1,779.47 and ₹1,820.93. Traders should remain cautious of a potential retest of the ₹1,680 support zone, which would act as a critical level for invalidating the bullish setup. With strong risk management and a focus on key levels, this setup offers a promising opportunity for both shortterm and longterm gains.
NSE:BAJAJFINSVEducation
by ruelfernandes