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Double Bottom

DXY Likely to Make Big MovesTop chart is 3 month timeframe, falling wedge breakout, followed by a W pattern: - Falling wedge breakout -- 0.5x measured target @ 131, and 1x target above 160, and closely lines up with the top of the wick from our previous ATH. - A W pattern (or double bottom) has formed and broken out following the falling wedge breakout, it's 2x target is also 131. Bottom chart is 3 day timeframe, zooming in on the W pattern, we see a: - Parallel channel breakout - 2x target @ 133. Interim targets for 1x and 1.5x also shown on the chart. We also see a golden cross of the 50 / 200 Monthly EMA on both timeframes here. A really bullish DXY likely points to a bearish market ahead. See related idea comparing peaks and troughs b/w SPX and DXY.
TVC:DXYLong
by dudebruhwhoa
3
XRP appears 2b triggering a double bottom brkout on weekly chartWe can see the double bottom formation pretty clearly hear on the weekly chart…its not as obvious on the daily so I chose to post this idea from the weekly time frame. We have two potential targets here for measured move. We also have a potential resistance zone just before the 1st target at 48 cents. This is where the 1day 200ma (not shown here) currently resides. I anticipate it will offer at least temporary resistance. Both of these measured move targets are above it though so ultimately I think we will at least overcome the 200ma long enough to hit the first target. *not financial advice*
FTX:XRPUSD
by DrDovetail
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 institution Wychoff's 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 or BTCUSD is now trading at the golden support again with whales manipulating retails to short at support before doing a Wychoff's accumulation and reverse to the upside. 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. A double bottom of a double bottom. It had made an impulse correction and soon will go to 35k to fill the gap and beyond, to da moon. 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. Time to go all in and get rich. Bitcoin or btcusd had made a double bottom technical structure. Bitcoin is doing the same Wychoff's accumulation and soon shall reverse the trend and bottoms here. 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
Long
by Future_Wei
5
XRPETH continues to rise above a bigger inv h&s necklineAfter reaching the breakout target of a much smaller inverse head and shoulder pattern, the price action on the xrpeth chart has continued to pump and is now sitting above 2 necklines of a much bigger inv h&s pattern. The only resistance it is yet to break above is the yellow horizontal neckline of a double bottom pattern that also doubles as a horizontal channel. Flipping that top yellow horizontal line to solidified support will be the final confirmation we need to know that the inv h&s pattern is going to get validated. There are 2 different breakout targets posted here for the inv h&s pattern. The smaller one is for if the white neckline is more valid and the larger target is for is the turquoise neckline is more valid. I get the feeling both targets will be reached in due time. I will post the chart of the previous idea that showed the smaller inv h&s not shown here down below. *not financial advice*
Long
by DrDovetail
1
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