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Double Bottom

Market is Going CrazyHey Everyone, My last post about BTCUSDT talked about how a major pullback could happen after closing above the trendline. I mentioned some bullish factors and bearish factors, even though I leaned toward a bullish move, the price has not stopped dropping until it retested the longer time frame trendline that it broke above. Right now, the price has been very volatile. However, looking at the H4 time frame, the price has just made a higher low following the retest of the trendline, which is a shift in market structure. Looking at the H1 time frame, we are seeing a double bottom followed by huge volatile moves. (Market is Going to Crazy) In conclusion, I think that we are going to witness some bullish moves until we reach the 20350 level.
Long
by yassin_khanji
10
BTC - potential double bottomHello, It's been a while since the last crypto pair update I made, but since we are more or less in a full blown bear market I decided it is worth the time to start sharing ideas again without the need to include moon targets in every post to gain viewers etc. The gameplan here is simple. On the main chart - BTC/USDT on 1W we see a clear Double bottom pattern in the making. If we manage to get a proper upside and break the neckline then we get our reversal with main target right above the long-term diagonal resistance line around $32,000. We lose $19,000 and the doors to the $10,000-$12,000 OB will be wide opened. Now, switching to the 1D chart, I cannot pretend I cannot see the similarities between the price action in the last few months and the Wyckoff Distribution Schematic #2. So we might have entered Phase E which is the final act and we are about to see the final capitulation before starting the cycle again. There is a big chance we are in Phase A of the ACCUMULATION already which suggests a re-test of the support will be next. Then we can see something like this: As always, we need to adapt to what is going on on the charts as they evolve and are impacted by both TA and fundamentals. Cheers,
by FutureBlockchain
7
$BTC - O -$BTC Hello my Fellow TraderZ, We are now coming into the most awaited week where we have FED Rate Hike announcement on SEPT 20/21. So as usual US Equity Markets is reacting to the probable Hawkish action of FED, followed by #CRYPTO as well. Many of us are expecting the rate hike to be between 0.75bps and 1bps. If we see 0.75bps, it is good and more so like #BITCOIN is pricing in by testing the June lows. Incase we see 1bps, this is a disater then and most probably #BTC would stop at 14k. But here what I see on DTF is that #BITCOIN is coming to support and probably in the making of DOUBLE BOTTOM pattern which is coupling with the BULLISH DIVERGENCE. Still hoping for the best. Be cautious and Trade well my Fam. CHEERS!!!
by TRADER-GOKU
Long BTCUSDTInvesting and trading is a game of probability where the market moves up, down or sideways. Hence, the probability of a trader winning is around 33.33%. A lot of traders try to be right after I warned about the manipulation and some refused to listen and give into whales manipulation. Some traders tried to aim for 15k to buy the dip, but it never happened, the only way you can get rich is to buy at 20k and HODL. Bitcoin prices had been ranging around at 20k as I said and now it had made a double bottom , soon it will continue to go up and everyone will get rich. It had made an impulse correction and soon will go to 35k. On weekly, the chart had not broken the low and is making a higher high, soon it will go to the moon, buy now. Amplify your gains by using leverage, long here and u can be filthy wealthy. Bitcoin or btcusd had made a double bottom technical structure. Do not be tempted by whales to short on bear traps!! Warning, DO NOT short the market and get short squeezed. Buy the DIP. I see a lot of retail traders lost money shorting bitcoin at 20k instead of buying it, this is your last buying opportunity before we move up to 35k to fill the CME gap. The whales had been doing manipulation on bitcoin and ethereum . It had already made a 5 waves up and will do a correction before pushing further up to 35k to fill the cme gap. DO NOT MISS THIS last chance to buy the dip opportunity. The whales are tempting you to short bitcoin so that they can push the prices up by doing this sideways movements. Do not be deceived by the whales manipulation. This manipulation by whales are food for them as retails traders getting liquidated easily. The whales are accumulating. It is trapping breakout traders to short here, this will bottom here. Long btc . Sick of this sideway obvious manipulation by whales. On a higher time frame, it made a impulse and ABC correction, soon it will moon and everyone will get rich like WOW?! This is not a signal and do not follow but a trade idea. Use your brain to trade and don't follow blindly! Disclaimer - This analysis alone DOES NOT warrant a buy or sell trade immediately. Before you enter any trade in the financial market, it is very important that you have a proper trading plan and risk management approach
OKCOIN:BTCUSDLong
by Future_Wei
1
AUDJPY It will go up from support Welcome back! Let me know your thoughts in the comments! **AUDJPY - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support! Brian & Kenya Horton, BK Forex Academy
Long
by BKTradingAcademy
8
Double Bottom Pattern / AMD $110-120Hey, AMD is forming a good looking double bottom pattern and is primed for a breakout leading up to earnings 10/25 if the stock can get through the $94 range. AMD has strong support at the $70-75 range and has rallied upwards of $100+ when that resistance is tested, which it has been recently. I believe AMD has been beaten down more than the other comparative semi stocks and is due for an upward correction. Obviously this is dependent on the FED rate hike, however the market has priced in a full basis point and I strongly believe we will actually get a .75 considering we haven't had a full point hike done in a very long time. I see Powell playing it safe and not shocking the market, causing the market to react similarly to the July-August transition, which in turn sparked a huge bull rally. With all that being said... AMD is cheap with good call options prices. AMD to $110-120
NASDAQ:AMDLong
by markriah22
ETRN: Diamond in a dirt market?Equitrans Midstream Corp Short Term - We look to Buy at 9.43 (stop at 8.63) The medium term bias remains bullish. We look for a temporary move lower. Support is located at 9.40 and should stem dips to this area. Support could prove difficult to breakdown. Dip buying offers good risk/reward. Our profit targets will be 11.13 and 12.00 Resistance: 11.14 / 13.40 / 22.00 Support: 9.40 / 8.50 / 6.00 Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’) . Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
ELong
by VantageMarkets
XAUUSD looking for the 1750? 🦐GOLD on the daily chart is trading below a daily resistance. The price after a double bottom over the 1700 level is now attempting for a break above. How can I approach this scenario? I will wait for the EU market open and if the market will satisfy the Academy rules I will set a nice long order. --–– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> <4h structure. Here is the Plancton0618 technical analysis , please comment below if you have any questions. The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger
OANDA:XAUUSDLong
by InkyGrip
9
Bullish Ascending TriangleHere is a nice example of a bullish Ascending Triangle. Put/Call ration is 4.31 and Open Interest in top 10 for Sept 16 expiry After that it's quad witching and FOMC so anything goes. Volatility I'm sure it's getting tightly wound for quad witching and Powell. Volatility gained strength today despite indexes being higher. My overall outlook for volatility is more compression into 4XOPEX & FOMC. CPI in AM could change outcome significantly to the up or down side. My idea is long 9/16 and short to end of Oct.
AMEX:HYG
by SPYvsGME
GBPUSD W, Above 1.1405 Target 1.1760 & 1.1934GBPUSD rebound after hit 1.1405 level. As we talked at previous idea, GBPUSD "If Break and hold Below 1.1876 then Potential Target is 1.1624. Strongest Support at 1.1411." Now, GBPUSD hit Fibonacci 1.618% and formed Double Bottom around 1.1405. Outlook, While Above 1.1405, then GBPUSD Potential Target at 1.1760 & 1.1934. But If Fail To Hold Above 1.1934, then GBPUSD is Still Bearish. Strong Resistance at 1.2293. Anyway, If GBPUSD Break Below 1.1405, then Potential Target at 1.1341 & 1.1227.
Long
by Wahyu_Luck
Bollinger Bands & Double Bottom Setup For The Dow JonesLet's have a look at the Dow Jones on the 4-hour chart. I am looking at trading this potential double bottom. We have the Bollinger bands on and I have highlighted a zone of support/resistance in yellow. We can call this zone the neckline. This zone has been flipped from support to resistance and back to support many times in the past. Currently, we are sitting above this zone so I would like to see a pull back into the zone before opening up a long position targeting the 32550 price level. The double bottom is not perfect, but then again, patterns in trading rarely are. The wick-up to the yellow neckline shows me that this is an area that is respected. So, with that in mind, if we can flip that area into support, then it gives way for a possible long entry. The middle line of the Bollinger bands lines up nicely with the yellow neckline adding confluence to the setup. Looking at the MACD Histogram, we can see we have some divergence that has shown the bears weakening across the two 'bottom peaks’ of the wonky-looking double bottom. The MA lines of the MACD have crossed over but are still below the Histogram, indicating bullish price action but the larger trend still being bearish. This is the 4-hour chart so patience must be respected to trade this time frame. Let's watch and see what happens when the markets open. Have a great Monday and a great week ahead. The Vortex Trader
TVC:DJILong
by TheVortexTrader
FIL - Potential Bullish Reversal!Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst. on DAILY: Left Chart FIL rejected a strong support and demand zone, so we will be looking for buy setups. on H4: Right Chart on DAILY: FIL formed a valid double bottom pattern but it is not ready to go yet. Trigger => for the bulls to take over, we need a momentum candle close above the gray neckline. Meanwhile, until the buy is activated, FIL would be overall bearish can still trade lower inside the demand zone. Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
BINANCE:FILUSDLong
by TheSignalyst
4