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Double Top or Bottom

Potential bottom, turnaround; catalyst today?Buenos dias, This stock is crazy and I won't get into the details except at high level: The stock has, until recently, only had ~6.5m issued shares. Some dingus (or genius) cashed in their warrants for ~130m new shares, which sent the trade volume into a craze the past few days. Yesterday GCTK was the most traded stock and the most shorted stock on NASDAQ. Today the market cap of the company based on issued shares is approximately $ 20m. We do not know if the original owner of the warrants cashed out, is holding, or plans to cash out, although they received an outsized portion of shares for their warrants and could dump on the market, although I suspect the massive volume is related to their offloading of shares. Take a look at the larger chart - it has been dump city for years. So goes the life of a R&D company with no products. The company, however, has developed a novel diabetic monitor that is implantable, lasts 2-3 years, and gives real-time accurate data. This is an order of magnitude more efficient and capable than the best version of implantable devices today. The predict $ 1B in revenue early on after product launch. Today, they are presenting their latest trial data, presumably from their human subjects, at a major biotech conference at 12:30pm Eastern. This will be their first human-based data release. Taking a look at the past few days on the chart, despite a flood of new shares and despite a flood of shorting, the price has effectively triple bottomed at $0.11 and has withstood the great flood. I suspect that this is a new floor, and we will see a period of upward price movement, likely preceded by a large spike today due to speculators. I believe shorters are massively offside here, and there is opportunity to make a significant gain today and potentially over the next few years. Once they go to launch their product, it will be too late for speculators to make massive ROIs.
NASDAQ:GCTKLong
by nothximgood
XLMUSDT: Bullish Setup or Reversal on the Horizon?Yello, Paradisers! Are you ready to capitalize on XLMUSDT’s next big move? Let’s break it down! 💎XLMUSDT has been consolidating within a well-defined descending channel, a classic retracement pattern that often sets the stage for a bullish breakout. 💎If XLMUSDT breaks and closes a candle above the resistance level, it would strongly increase the probability of a bullish move, opening the door to significant upside potential. 💎On the flip side, if the price dips to shake out weak hands, key support zones will be crucial. A bounce from these areas, coupled with a bullish I-CHoCH (internal change of character) or reversal patterns like a double bottom (W) or an inverse head and shoulders, would signal strength and increase the probability of a sustained rally. 💎However, discipline is key! If the price breaks down and closes a candle below the support zone, it invalidates the bullish setup. In such a scenario, it’s wiser to wait for clearer and more favorable price action to unfold rather than rushing into a trade. 🎖 This market rewards patience and preparation. Always remember, the goal is consistency, not chasing impulsive moves. Stay disciplined, Paradisers, and let’s crush these markets with sound strategies and precision! MyCryptoParadise iFeel the success🌴
Long
by MyCryptoParadise
2
Bitcoin (BTC/USD) forming a potential triple topThe chart shows Bitcoin (BTC/USD) forming a potential **triple top** pattern at the key resistance zone of around 102,600. This is a bearish reversal structure, signaling potential downside if confirmed. Here's the short analysis: 1. **Key Observations**: - **Triple Top Formation**: Indicates strong resistance at the 102,600 zone. - **Bearish Structure**: Price previously rejected from this zone twice, leading to a significant decline. - **Break of Structure (BOS)** and **Change of Character (ChoCh)** labels hint at bearish momentum after failed attempts to break resistance. 2. **Next Steps**: - **Wait for Confirmation**: The chart suggests waiting for bearish confirmation, such as a strong rejection or a BOS to the downside, before entering a sell position. - **Target Levels**: Downside targets could be the next significant support levels, likely around 100,000 and 96,000, as indicated by the arrow. 3. **Risk Management**: - If price breaks above the resistance (invalidating the pattern), bullish momentum could continue, so stop-loss placement is essential above the resistance zone. BITSTAMP:BTCUSD
BITSTAMP:BTCUSDShort
by TRADE_CENTER_1
RAREUSDT: Is a Bullish Breakout on the Horizon?Yello Paradisers! Could RAREUSDT be gearing up for a strong bullish move, or will a breakdown catch traders off guard? Let’s dive into the critical price action signals you need to watch! 💎RAREUSDT has recently shown good signs of a bullish reversal. The pair took out inducement levels and formed a double-bottom-like structure, a classic signal that increases the probability of an upward move from here. 💎If price retraces further or triggers panic selling, a bounce from the strong support zone below remains a high-probability scenario.To solidify the bullish case, we need to see a bullish I-CHoCH (Internal Change of Character) on the lower timeframes, confirming buyers are stepping in with strength. 💎If RAREUSDT breaks down and closes a candle below the strong support zone, the entire bullish structure will be invalidated. In that case, it’s wiser to remain patient and wait for a better, higher-probability setup to form. 🎖Remember, Paradisers, sustainable trading is about being disciplined and strategic. Waiting for confirmations is always better than chasing trades on shaky grounds. The market rewards those who master patience and trade smartly. MyCryptoParadise iFeel the success🌴
Long
by MyCryptoParadise
4
GOLD XAUUSD BULISH CHANNELXAUUSD is currently trading within a well-defined bullish channel pattern, characterized by higher highs and higher lows, indicating a strong upward momentum in the market. The lower trendline of the channel acts as a support level, providing a cushion for price pullbacks, while the upper trendline serves as a resistance zone, marking potential targets for buyers. As long as the price remains within this channel, the overall sentiment remains bullish, suggesting continued growth. A breakout above the resistance level could signal accelerated bullish momentum, while a break below support may indicate a potential reversal or consolidation phase.
OANDA:XAUUSDLong
by MrGushyEXPERT458
[Swing Trade] AJANTPHARM breakout above 3,115 is expected.AJANTPHARM Analysis A triple bottom pattern is clearly visible here.. with the price bouncing off the 2,800 thrice,I think 2800 is acting as strong support.. from my view, it is signalling a reversal in a downtrend, may be bullish trend potentially If I happen to enter, I may wait for a breakout above 3,115 with price above all the MAs and also I will wait for strong volume around this price. On 13th jan price has taken support on 200dma. It is also confirming the reversal. DYOR before you invest. This is purely for education purpose.
NSE:AJANTPHARMLong
by Mujadid
Critical Moment for TIAUSDT: Bullish Reversal or Breakdown?Yello, Paradisers! Are you watching TIAUSDT closely? It’s at a critical juncture, and what happens next could shape the next major move. Let’s break it down! 💎Currently, TIAUSDT is holding its bullish market structure on the higher timeframes, which is an encouraging sign for the bulls. After taking inducement, the pair has also formed a classic "W" pattern, accompanied by a bullish divergence—a combination that significantly boosts the probability of a bullish reversal from these levels. 💎However, caution is always key. If the price retraces further or we see panic selling, we might still find a bounce from the support zone. For this scenario to play out, we’ll need to wait for a bullish I-CHoCH (Internal Change of Character) to confirm the reversal on lower timeframes. Without this confirmation, entering prematurely could expose us to unnecessary risk. 💎On the flip side, if the price breaks down and closes a candle below the support zone, this would invalidate the current bullish idea. In that case, it would be prudent to wait for new, stronger price action to develop before considering re-entry. 🎖This is why patience and discipline are your best allies in trading, Paradisers. Emotional decisions or rushing into trades without confirmations can lead to costly mistakes. Stick to robust strategies and always wait for high-probability setups to unfold. Remember, long-term consistency is what separates the winners from the herd. MyCryptoParadise iFeel the success🌴
Long
by MyCryptoParadise
3
EGLDUSDT: A Bullish Breakout or a Trap?Yello, Paradisers! Are we standing at the start of a major bullish run for EGLDUSDT, or is this just a fakeout waiting to catch over-enthusiastic traders off guard? Let’s dive in! 💎EGLDUSDT is showing signs of a potential bullish reversal after a recent retracement, and the double bottom structure combined with bullish divergence is giving us some strong clues. So far, price action is leaning bullish, but let’s not get ahead of ourselves — key confirmation levels still need to hold! 💎EGLDUSDT has successfully broken through a key resistance trendline, which was previously capping upward moves. This breakout is a positive sign for bulls. 💎We’ve spotted a bullish I-CHoCH on the chart — this is a solid early indicator that momentum may be shifting to the upside. The move came after an inducement, which swept weak hands before bouncing from a support zone. This adds credibility to the breakout, increasing the odds that EGLDUSDT could push higher from here. 💎In case of another retracement or panic selling, we’ll be looking for EGLDUSDT to bounce from strong support zone. But here’s the critical part — we need to see another bullish I-CHoCH at this level to reinforce the bullish narrative. Without it, this whole setup could crumble. 💎If EGLDUSDT fails to hold that strong support zone and closes a candle below it, that’s our warning sign to step aside. At that point, it’s better to wait for a fresh bullish structure to form rather than trying to catch a falling knife. 💎Right now, EGLDUSDT is giving us some good signals for a bullish move, but don’t rush in blindly. We need to see follow-through at key levels to confirm this breakout. If the market pulls back further, patience will be essential. 🎖 Strive for consistency, not quick profits. Treat the market as a businessman, not as a gambler. MyCryptoParadise iFeel the success🌴
Long
by MyCryptoParadise
2
GOLD AFTER SUPPORTTechnical Overview: 1. Current Position: Gold declined to 2660 but rebounded, now trading above 2665, which serves as a key support level. 2. Expectations: Potential downward adjustment to the 2665 zone during Asian/European sessions. Likely upside targets: 2675 and 2690. --- Trading Plan: Buy Zone: Between 2666 - 2664. Stop Loss (SL): 2661 to minimize downside risk. Take Profit (TP): First target: 2675. Second target: 2690. --- Notes: Monitor price action around the 2665 level closely to confirm buying momentum. Adjust SL and TP dynamically if there’s significant volatility or news impacting gold. Maintain risk management: Position sizing should align with your risk tolerance. Good luck with your trade! Let me know if you'd like a more detailed strategy or updates.
OANDA:XAUUSDLong
by MrGushyEXPERT458
GBPJPY: The Big Drop No One ExpectsWhat’s up, traders! Back with another GBPJPY breakdown and update. If you’ve been following my previous videos, you know we’ve been tracking a massive opportunity for a potential drop. This week, the market is playing right into our analysis. 🚀 Quick Highlights: • We caught 90+ pips on a clean long setup after breaking above 191.46, targeting liquidity zones at 192.70 and 192.90. • Now, we’re flipping short after spotting key rejection areas and volume shifts. • We’re targeting major levels at 190.00 and possibly beyond as we wait for the market to show its hand. This setup shows why patience and precision are everything in trading. Watch how I break it down from higher time frames to entry zones, with stops and targets mapped out for both early entries and confirmation re-entries. 📉 The big question: Will GBPJPY break the neckline at 190.00 for a massive sell-off, or will buyers step in? Watch to find out how I’m playing this! Comment below if you want more pair breakdowns or have specific setups you’d like me to analyze. Let’s crush the markets together! 💹
Short
by BlueOceanFxAcademy
1