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Double Top

░▒₿▒░ 💀 DOUBLE TOP 💀 | 1D ░▒₿▒░COINBASE:BTCUSD Bitcoin - Spread Double Top Descending. This is currently an increasing probability. Dec. 13-16th is the time area where this will be determined. We would need to break the blue dotted trend line to further increase the odds of this senerio and probability solidification. While this scenario does have a likelihood of breaking the current trend .... The odds are apparently less likely that this scenario will be technically considered a "Double Top" and reach below $29K for a considerable amount of time, let alone any. I'll be posting more as I see a major bull pattern playing out that needs further analysis. ~Memento Mori
COINBASE:BTCUSD
by CRYPTIK1
Possible short trades for ETH on hourlyI think these are nice possible short trades on hourly. The first one I see is price pullback to around ~1356 and I set stop loss of 1.25% for this, this is a bit risky and can be tighter but I'm ok with entering with small position here. I'm looking for first TP around ~1325, which is one of the target I got from this fib. The second one I see is possible double top forming around ~1370 and I set stop loss of 0.5% for this, it can be tighter since it is based on double top forming. This trade is much more safer and the first TP is still around ~1325 considering the strong trendline support. I personally plan on entering with small position at ~1356 and adding some more at ~1370 with stop loss being above the possible double top scenario. Note: I'm only going to take these trades on these entry targets being hit and I will also be looking at the price action around these entries for confirmations. To see clearly, zoom in.
Short
by clumsy_trader
4hr GBPUSD Patterns in patternsAs you can see marked out on my charts, the yellow arrows show the top of a massive double-top structure. Both these structures have tested and could not break the 200ema(white line, red arrow) which acts as a very strong support\ resistance. The second leg of this double top is forming a head and shoulders at the 200ema resistance, and if you look closely, the head of the head and shoulder structure is actually a double top. If you go into smaller time frames you will also see these structures within structures. Its magic lol. Boost me if you like what I post. Dont be shy
Short
by faddy
$MATIC | Double Top? McDonalds M Coming?Here we have one of my personal favorite cryptos & L2 sidechains, MATICUSD or Polygon. Potentially we may see, a downtrend because of a couple of factors. Let’s zoom in! I see the potential for a “McDonald’s M” or most notably referred to as a Head & Shoulders pattern which could signify a downtrend. Here are some reasonings & findings: * MATIC has touched the 0.8721 area twice now but has pushed through this resistance * Upper Bollinger Band has been broken previously * Nearing extreme overbought statuses on the RSI * After the initial push down from the 0.8721 area, 0.8456 acted as support for the potential “head” of the pattern * MATIC is still above the 200 EMA The last note should be taken into consideration when placing a SHORT trade for MATIC. It is still above the 200 EMA currently so a safe TAKE PROFT could be back to the “neck line” area of 0.8456 in case there is a bounce and your STOP LOSS above the resistance area of 0.8721.
COINBASE:MATICUSDShort
by CryptoHotep
Will Gold (XAU/USD) continue to move lower over the long-haul?This is a weekly chart of Gold. During the first week of August 2020, XAU/USD made an all-time high of 2075.11. During the week of March 7th, 2022, XAU/USD came within a few dollars of reaching that peak again, forming a double top. The target for a double top is the height between the 2 peaks of the top, added to the breakdown point. In this case, it is near 1290. Notice the correlation between the US Dollar Index (DXY) and Gold in the bottom panel of the chart. The current correlation is -0.92. Readings below -0.80 are considered strong negative correlations. Therefore, if the DXY continues to move higher, Gold should continue to move lower on the weekly timeframe (as long as the correlation remains). First confluence of support is at the lows from the last week of September and the 50% retracement level from the lows of August 2018 to the highs of August 2020, near 1615. If price breaks below there, support is at the 61.8% Fibonacci retracement level from the same timeframe near 1510 , then the lows from the week of March 2020 at 1451.27. However, if the double top plays out, price could reach 1290!
FOREXCOM:XAUUSD
by FOREXcom
GOLD is a BIGGER BUBBLE than the S&P500?? Look away gold bugsThis chart shows GOLD and S&P500 on the same % change axis since 1965. Based on this timescale, GOLD has had a GREATER % rise in price than the S&P 500. But hang on, isn't GOLD price supressed and is the only asset class NOT in the EVERYTHING BUBBLE? FALSE NARRATIVE!! Zoom out to this longer time scale and see that GOLD has also ascended into NOSE BLEED BUBBLE TERRITORY, its just timed its climbs different to equities. +++ It gets worse.... GOLD has painted a HUMUNGOUS double top which is now bearing down a top of the gold chart. CONCLUSION: Gold is every much as part of the everything bubble as STOCKS and REAL ESTATE. GOLD will not be a safe haven and will fall in a similar way to stonks (MASSIVELY) in the coming depression
TVC:SPXShort
by Fifty_Satoshi_
Possible double top on 4hI think this is a nice possible short to at least ~1275, the take profit levels are based on the golden pocket fib level as I have explained on chart and I can see the price going there. But, my first take profit will be ~1275, because I think there can be a bounce there. I think stop loss needs to be tight here since it's based on double top. Notes: The path I have drawn is only the direction and I have not strictly considered support/resistance levels while drawing it. This is just a possible scenario I'm seeing, thank you for reading, I would love to see any kind of feedback. I like my charts clean and I don't like bright/flashy colors so I use colors that I feel most comfortable with, especially with my monitor. If I use bright colors it burns my eyes. I'm also a fairly new trader and got a lot to learn.
Short
by clumsy_trader
EURCHF - Wait For The Trigger!Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst. on DAILY: Left Chart EURCHF is approaching a resistance zone in blue so we will be looking for sell setups. Knowing that EURCHF can still trade higher inside the zone before going down. That's why we don't sell blindly, we always zoom in to lower timeframes and wait for the bears to take over. on M30: Right Chart EURCHF is forming a double top pattern but it is not ready to go yet. Trigger => waiting for a momentum candle close below the gray neckline to sell. Meanwhile, until the sell is activated, EURCHF can still trade higher. Which scenario do you think is more probable and why? Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
by TheSignalyst
17
ABNB Rejection of Double Top Neckline/W Bad News10/14/2022 -- Joseph Gebbia, 10% Owner, Director, on October 13, 2022, sold 250,000 shares in Airbnb (ABNB) for $27,531,705. Here is ABNB 4 HR chart. We have a big double top on the higher time frames. We broke that double top neckline we used for support and are now rejecting the double top neckline while setting up in a head and shoulders pattern on the smaller time frames. The move should take about 6-10 days to play out so give yourself time not investing advice. White zone and Low of year area for final TP. I'll be looking for this to start playing out next week.
NASDAQ:ABNBShort
by quafo
2