Double Your Winnings: Capture the Perfect Bounce with the DoubleA technical approach that could change your trading game. The Double Bottom, a classic chart pattern, comes in the form of a "W" and signals a potential uptrend after a period of decline. This configuration is characterized by two hollows formed at the same level, indicating a solid support.
A high accompanying volume validates the signal and often triggers a significant price rise. Savvy traders measure the amplitude of the "W" to predict the potential upward trajectory.
Understanding and acting on the basis of the Double Bottom can open the doors to calculated trading opportunities. It is the integration of technical analysis and risk management that will make you a savvy crypto trader, capable of capturing the wave before it takes off. Ready to turn analysis into action?
Double Bottom
#AUDJPY bullish possible continuation movePrice has correctively reached an important medium-term support zone , which is further reinforced by the presence of the 200EMA.
Additionally, we observe that the price has taken out liquidity from the low and formed what appears to be a double bottom pattern.
These indications suggest the possibility of a bullish continuation move, potentially driving the price back to previous highs and beyond.
If you've found this analysis helpful, please take a moment to like, comment, or share your thoughts with me.
EURNZD - New Breakout 🚀Hello Traders !
On Wednesday 21 Feb, The EURNZD Reached a Support Level.
The Price Formed a Double Bottom Pattern.
Currently, The Neckline is Broken !
Moreover, The Resistance Line is Broken !
So, I Predict a Bullish Move📈
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TARGET: 1.81620🎯
CHFJPY - Double Bottom 📈Hello Traders !
On Wednesday 27 March, The CHFJPY Reached The Support Level (166.798 - 167.394) and Failed To Break it !
The Price Formed a Double Bottom Pattern.
Currently, The Neckline is Broken !
So, I Expect Bullish Move 📈.
TARGET: 169.220🎯
GBPJPY Double Top Pattern Formation ShortWe expect further downside on this pair, signalled by the formation of a double top. We can also see the breakout of a short-term trendline which further supports our directional basis.
I'm expecting from BTC to 'crash' a 100%.I'm expecting price to 'crash' a 100% (till 40K) before the real breakout plays out.
DONT GET FOOLED BY THE HYPE IF PRICE HAS REACHED 80K!
BINANCE:BTCUSD INDEX:BTCUSD BINANCE:BTCUSDT BYBIT:BTCUSDT
Calls Russel 2000Price is landing on an important support zone, weekly support. I'm buying calls as shown. I think the double bottom pattern still active, and this is just a test of the broken resistance at 200.
USDCAD AND GBPAUD LONG!!!!AS i explained!!! i got in usdcad before new york open and gbpaud has been a trade ive been holding since yesterday. ill keep you guys updated on next trade i take! i told you guys i wasnt giving up. Lets shake the world traders!
USDCAD LONGive been watching usdcad to potentionally short since last week because USDCAD found resistance its been refusing to break but now that it looks more bullish and looks to have found major support im looking for buys
GBPAUD LONG UPDATE newyork sesshYesterday i called put gbpaud early and got in longs after i seen daily rejections. when i placed the trade my account was sitting at $369 in the last video now im back at stage one from silly mistakes again but im still long on gbpaud will attach yesterdays video and keep you guys updated during new york session
USD JPY Why is It sell setup?Hello
How are you ?
We have Double Top
And penetration of Neck
So l respect the selling
GBPAUD LONG UPDATEGbpaud took me on a emotional roller coaster. i was at a balance of $396 and went back down to $139 all in a day which is crazy. Im not giving up here. both EURNZD/GBPUSD were winning trades i just got in gbpaud at a bad point in time but im still holding
GBPAUD LONG
GBPAUD LONGThis video is showing why GBPAUD longs caught my attention. my initial goal is to catch the move up early.
GBPUSD/EURNZD UpdateThis is just a overall update on yesterdays trades and new market outlooks. In this video i am mentioning the following currency pairs:
GBPUSD
EURNZD
GBPAUD
Also i called out eurgbp sell from previous videos lol look where it is now!! lets go
Gpbusd BUY EURNZD SELLEverything in previous video i have attatched below has went as planned on my $100 Account . will keep you traders updated. Have a great week trading! You can do this!
EURNZD SELL/GBPUSD BUYBoth trades were taken at work during london session. EURNZD was taken based on a structure change which showed selling pressure and GBPUSD was taken based on daily structure changes which is a stronger confluence confirmation.
*GBPUSD was taken with 0.40 lot size on my $106 account
*EURNZD was take with a 0.50 Lot size on my $106 account also
ICON #ICX Double BottomFrom the class of 2017 ICO boom
Showing signs of a recovery pump
should you participate ?
You should always lean into fresh altcoins with a strong narrative when you can.
But sometimes the older coins can provide action in the dull moments when other coins are consolidating ..
USDJPY UPDATE Also next week outlookUsdjpy showed signes of bearish price action. before market closed thursday i got in usdjpy sells and i was up $230 profit with a floating balance of $333. After USDJPY NFP new came out friday it quickly moved to the upside surpassing my entry by 10 pips or less so i got out at a $30 loss leaving my account with a remaining balance of $112.
* Market outlook and UJ recap
Pump Up the JamMonthly Chart of CBLS. Bullish! Little Island Reversal w./ a double bottom. Expecting to C higher monthly Close(s). Higher lows on each month.
Double Bottom | Long Bias4H TF
OP has created a reversal pattern, now it's trying to test resistance at 3.25
If OP can break and close above this resistance, I expect price will go higher 3.5 that zone is Supply Zone
Wait for confirmation before trade
DGB hits white channels full brkout target; teal channel nextDigibyte finally breaks out of the white channel and then quickly hits the full breakout target. Now it is attempting to break above the teal channel and fiip its top trendline to support to trigger that breakout as well. Once it does, the breaout target is around 2 cents which from here would be about another 60% gains. Not sure how quickly digibyte will pull this off it could definitely consolidate for a few before it does so or it could continue. Current momentum and keep pumping. *not financial advice*
Digibyte has hit the first to 2 targets onto the next 2!Digibyte is finally awakening from hibernation. As ong as it maintains the teal neckline as support we will hit the dotted green measured move lines target and the dotted teal measured move line’s target in the very near future. *not financial dvice*
Seizing Opportunity: Double Bottom Formation in LT!Hello traders,
Let's explore an exciting opportunity today! 🌟 This stock has recently formed a double bottom pattern and surged upwards, consistently breaking previous highs. 🔄 Currently testing its recent peak, there's potential for a pullback before further upside.
Options traders, consider buying 3500 call options in march expiry for optimal leverage. Let's make the most of this opportunity! 💼📊
Thank you. See you again in the next post.
Best regards,
Alpha Trading Station
