Get started

Double Top

LUNAUSDT is testing the 0.618 Fibonacci LevelThe price created a double top at 97$ on ATH, and after the rejection, the price is testing the 0.382 Fibonacci level. On the 4h timeframe, the price had a breakout from the bullflag and now the market is going to test the 0.618 Fibonacci resistance How to approach? The price needs to create a new breakout with confirmations and a new Higher high. In that case we could apply our rules for a new long position ––––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure.
Long
by InkyGrip
Gold A or BLooking at weekly gold chart, we might have a choice to believe that either it's going up or down. Some says, the cup and handle pattern has almost carried out in the big picture, plus the double bottom has just completed and the neck line testing is undergoes . Whilst, other may say the double top is dominant as the war is tentatively near the end supporting by the fact that gold is slowly loosing it's "store of wealth" over the industrial usages such as IC conductor or other electronic utilizations including the uprising mighty Bitcoin and it's booming hodlers. Time is our friend, let gold be itself and once we come across the choice to believe in our idea today, when we look back to this post in the future, I believe that the history will tell you if you were right or wrong with the further logical reasons to enlighten your trading strategies in the future's future.
TVC:GOLD
by Jobbobo
2
NZDCAD on a double top at the 0.618 🦐NZDCAD on the daily chart after the recent lows retraced exactly at the 0.618 Fibonacci level near to the 0.88 level. The market ended up creating a perfect double top and is currently testing a weekly support. How can we approach this scenario? Being both the double top and the 0.618 potential reversal point we will wait for a possible break below the support area and in that case we will move on the 4h timeframe to check for a possible entry point. According to Plancton's strategy if the conditions will be satisfied we will set a nice short 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 question. The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger
Short
by InkyGrip
Waves USDT Looks Topped. Bearish reversal Is expected OKEX:WAVESUSDT rallied past few weeks after a long accumulation without any healthy correction on the HTF structure . Looking back into the data it looks like reaching to new potential higher high and make a reversal. As for now indicators are giving mix signals and turning into bearish bias as the rally stalls above at the (EQ) Equal highs- 4h chart shows rectangle at the top which may turn into distribution since RSI is slowing turning bearish and the momentum is losing its strength .. Waves may provide a very nice entry very soon.. Never trade without a stop loss. never risk more than 5% of capital on a single trade. happy trading
WShort
by CognitoBTC
Harmoney - (ONE) THE BREAKOUT POWER LINE Hello trading friends, This is an extra update for ONEUSDT DEPENDING on the last trends. Harmoney is still into positive trend and we could see coming time a breakout to 0,17+ The data shows that ONE shows an effect trading that could make some trend volume - same time manage all time the risk. We will follow ONE coming time to see what changes it can bring, as it's now on the power line. Markets going on their way and it can take time before it shows some results. Have a great day.
Long
by watchtrend
1
Bitcoin - Double top, back down we go!Keep it plain, simple and minimize the noise! Clear double top pattern on BTC playing out. First target around 40k, 2nd target 39k. Notice how the pumps are getting weaker and weaker 👀 Now is not a time to get caught up with what your favourite influencer is saying and is more of a time to stay safe and aware. At the moment - the market is sideways, choppy and RISKY I have various different set-ups I'm watching and always waiting for confirmations of each one BEFORE entering a trade Comment your ideas down below :)
BITSTAMP:BTCUSDShort
by tradermoth
2
GET READY!!! CRYPTO IS ABOUT TO PUMP!🚀 (The DXY Double-Topped)Hi everyone, This is The Unbounded. One of the newest and most active trading view authors and fastest-growing communities. Please consider following me for the latest market updates and mid and long-term Long / Short calls. Let's get to the chart! The DXY (US Dollar Index) just confirmed a Double-Top which is a very strong bearish indicator... when the DXY decreases, Crypto INCREASES! 🚀 In addition to the Double-Top pattern, the RSI is in EXTREME over-bought territory which further validates a decrease in the DXY. Why Is The DXY Important To Monitor? Most major assets (stocks, oil, etc), including Bitcoin, Ethereum, etc are priced against the US Dollar. Hence, when the US Dollar goes down, everything priced in the dollar gets cheaper. For this reason, the DXY is one of the most macro indicators you can watch for the direction of Bitcoin, Ethereum and the crypto market. ⭐ If you liked this content, please consider subscribing and giving it a Thumbs Up 👍. If you have any feedback or suggestions, please leave a comment below as I answer each comment. Namaste 🙏
TVC:DXYLong
by TheUnbounded
4
AJ Short tradeMarket has entered area of resistance plotted from the daily chart. Market on the 1hr has already entered that zone once and got pushed down. Market is currently in the area of resistance again, forming a possible double top. Currently my stoch oscillator is OB (this is the indicator I use for overbought and oversold situations), waiting for my MACD line to cross under the signal line, then looking for an entry reason. Just my analysis, trade with caution and use proper RR.
Short
by Sevsky0