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Double Bottom

crypto harm reduction plan (trade boomer commodities instead)hi, hope all is well and you are all taking care of yourself *boomer rant incoming* the crypto market is the worst of all corners of the internet and finance. a bloodthirsty chimera of all our traps and shortcomings on the designer steroids of tech. "the crypto space" is designed to make you miserable, alone, addicted, ashamed...in a state of mind that makes you more susceptible to the loss chasing it's manipulated to push you into. bleeding out your already serotonin and dopamine-starved brain, and making you feel like you have something to prove the deeper you go. to yourself, to your ideals, to your desperation over the financial system and debt-based USD hegemony. farming misery to steal yr coins. don't fall for it. you are fearfully and wonderfully made. position yourself to succeed. everyone says to take breaks but we all know how hard that is with a 24/7 market when we can't live a minute without our phones anyway /boomer rant (and possible crypto bottom signal, i know ;-) actually still thinking crypto will bounce soon) the good news is i've had much more success trading this gold range and i feel much better mentally, physically, and spiritually market closes an hour a day and on the weekends, highly recommend. (absolutely medical advice) (fib spirals made from double bottoms as per usual, different orientations visually fit til one emerges victorious as s&r...important to remember they are just s&r's. they are just curved trendlines with acceleration and decay, they can break and they are not 100% precise...always manage risk. and lock your scale. mine is 1:1 here, and lately i've been trying to use multiples or factors of 10 (10, 100, 0.1, 0.01) depending on what looks best with the timeframe) not sure when/where the range would top out, just been trading it smallest possible positions for now. rewiring my brain. if ihs plays out looking at 1920-1930, which would also jibe with the highest resistance spiral. still working out timefibs sacredtraders.com sacredtraders.com both have amazing free vids on youtube, jenkins' www.youtube.com is really all you need, watch at 0.5x speed over and over again take care, and always remember money aint shit. It's all God's anyway
OANDA:XAUUSD
by FinanciallyCodependently
EURNZD Idea 12/29/2022 Trading is all about patience. If you’re not patience, the probability of failing is very high. Here is my thoughts of EURNZD I am currently 150 pips in profit. I am now looking for an additional entry. Lets see price go back up to 1.68250 and look for exhaustion, double tops, bearish engulfing on the smaller time frames for confirmation to go downwards some more. Look at smaller time frames for patterns such as double tops and double bottoms for more confirmation. Remember to trade responsible. This is not a signal at all, just my thoughts.
Short
by rubensanalysis
ETH/USD Daily Levels — December 21st, 2022Looking at Ethereum on the 12-hour time frame we see the bounce from the $1,161 level which could’ve just formed the local bottom for this next swing upwards. 1st target I’m aiming for is $1,287 and then we’ll re-evaluate from there, but huge capitulation move down in November, so would expect the same set of volatility to reclaim back on the upside. Trade is invalidated with a close underneath $1,161, from there, looking at $1,110. As of now, price action is looking good. As always please do your own research, I am not a financial advisor.
BITSTAMP:ETHUSDLong
by kyer
1
COMPUSDT is creating a double bottomThe price is testing the demand zone on the daily timeframe where the market is creating a double bottom. How to approach it? IF the price is going to grab new liquidity, we could see a pullback untile 0.5, 0.618 Fibonacci level, so According to Plancton's strategy , we can set a nice order ––––– Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ black structure -> <= 1h structure. ––––– Follow the Shrimp 🦐
by InkyGrip
BTC calm before the storm, be prepared!! Total Market CapHi dear community and my loyal followers. In short I would like to update crypto market from macro perspective. I'm looking at monthly timeframe and would like to bring your attention to some bullish facts. As you see Total market Cap tested previous ATH in June 2022, the point which I called and till now I haven't changed my mind. Even the recent dump couldn't make me change my idea coz as you see it is double bottom. At the same time TOTAL Market Cap tested 0.786 fib level with 12D MACD bullish cross in a bear market which marks Bull market start and the Bear market end. BTW it has never given false signal in the whole BTC history. As you noticed every time when MACD crosses bullish the bottom was already in which proves my previous analyses about BTC bottom which I called 17.5K in June, the recent dump was a fake breakdown/ bear trap/ with Double bottom + multiple indicator bullish divergences like 2021 69K which was a fake breakout / bull trap/ with double top+ multiple indicator bearish divergences. At the moment I'm waiting BTC daily candle close above 21.3-21.5K with confirmation then daily candle close above 24.5-25K with confirmation to announce officially Bull market start. BTC will surprise 99% people who are waiting lower prices like 12-10-8K and doesn't give chance to buy at such low prices jumping suddenly in a crazy way. If you like my ideas don't forget to like, comment and follow my ideas. I will appreciate any single follow. Thanks in advance.
CRYPTOCAP:TOTALLong
by ergal91
2
USDCAD Idea 12/18/2022 Trading is all about patience. If you’re not patience, the probability of failing is very high. Here is my thoughts of USDCAD Price closed within the zone so there are two options on this pair. 1. Price goes back down and retest zone and drop 2. Price creates double bottom and goes up to the next major zone Look at smaller time frames for patterns such as double tops and double bottoms for more confirmation. Remember to trade responsible. This is not a signal at all, just my thoughts.
by rubensanalysis
EURNZD Idea 12/18/2022Trading is all about patience. If you’re not patience, the probability of failing is very high. Here is my thoughts of EURNZD I am looking at two scenarios with EN. Price closed nicely underneath a major zone. I am now looking at price to retest and continue downwards to 1.64000 Look at smaller time frames for patterns such as double tops and double bottoms for more confirmation. Remember to trade responsible. This is not a signal at all, just my thoughts.
Short
by rubensanalysis
3
CADJPY Idea 12/18/2022Trading is all about patience. If you’re not patience, the probability of failing is very high. Here is my thoughts of CADJPY I am looking at two scenarios with CJ. 1. Price break below 99.800 and drop to the next area which is 98.000 2. Price retest current price and creates a double bottom and goes back up to 101.000 Look at smaller time frames for patterns such as double tops and double bottoms for more confirmation. Remember to trade responsible. This is not a signal at all, just my thoughts.
by rubensanalysis
NZDUSD Idea 12/18/2022Trading is all about patience. If you’re not patience, the probability of failing is very high. Here is my thoughts of NZDUSD Price closed above this zone (0.63725), once the market is open today I will be waiting for a retest on the zone and see if any long positions open up if not, we can wait for price to break below and close underneath the zone and look for short positions Look at smaller time frames for patterns such as double tops and double bottoms for more confirmation. Remember to trade responsible. This is not a signal at all, just my thoughts.
by rubensanalysis
EURUSD Idea 12/15/2022Trading is all about patience. If you’re not patience, the probability of failing is very high. Here is my thoughts of EURUSD I am looking at two options for this pair. 1. Waiting for price to retest minor zone 1.05950 and go long to 1.06800 2. Price break below and retest 1.05950 and drop to 1.04600 Look at smaller time frames for patterns such as double tops and double bottoms for more comfirmation. Remember to trade responsible. This is not a signal at all, just my thoughts.
by rubensanalysis
GBPJPY Idea 12/15/2022Trading is all about patience. If you’re not patience, the probability of failing is very high. Here is my thoughts of GBPJPY I am looking at two options for this pair. 1. Looking for a retest on 167.900 and long 2. Price break below and retest 167.900 and look for sells to 167.000 Look at smaller time frames for patterns such as double tops and double bottoms for more comfirmation. Remember to trade responsible. This is not a signal at all, just my thoughts.
by rubensanalysis
2