GBPCAD: Pullback From Support 🇬🇧🇨🇦
GBPCAD looks locally bullish after a test of a key horizontal support.
A tiny double bottom pattern on an hourly confirms that.
Target level - 1.8018
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Double Top or Bottom
Closing my entire crypto position todayBitcoin prices have been consolidating since December '25 (around 60 days) after multiple failed attempts to continue the uptrend (as indicated by the purple Xs on the chart).
Even though I remain bullish on the asset in the long term, I decided to close all my cryptocurrency positions today and allocate 100% in dollars. From a technical perspective, a double-top pattern has started to form, which is a bearish signal, and I’d rather not risk waiting to see if it gets confirmed or if the asset simply continues moving sideways.
I prefer to watch this consolidation from the sidelines and accept the risk of buying back at a slightly higher price only after a breakout—if it happens. If it doesn’t, closing my positions will have been a successful protective move.
I also acknowledge the formation of a flag pattern near the upper resistance of the range, but again, if it confirms and breaks out, I will re-enter. For now, I’m choosing the more cautious path and prioritizing capital protection.
Part of this position was bought recently, around 100k, speculating on potential euphoria after reaching that price level. Another portion was acquired around 60k in September '24.
New beginning The price has been moving below the daily SMA200 for a year and a half.
All previous attempts to rise above, highlighted by the rectangles, have failed.
In recent weeks, the price has completed a double bottom with a neckline at $1070.
A close above this level confirms the double bottom pattern and positions the price above the 200 average, starting the new bullish cycle.
Doge next moveCould not break previous high and looks like forming double top in daily chart... it should go back 0.136 to 0.14 after touching 0.3... let's Wait...
Uranium Commodity Quote | Chart & Forecast SummaryKey Indicators On Trade Set Up In General
1. Push Set Up
2. Range Set up
3. Break & Retest Set Up
Notes On Session
# Uranium Commodity Quote
- Double Formation
* (Reversal Argument)) | Completed Survey & Entry Feature
* 012345 | Wave Count | Subdivision 1
- Triple Formation
* 1st Retracement | Downtrend Bias | Subdivision 2
* 2nd Retracement | Continuation Entry | Subdivision 3
* Daily Time Frame | Trend Settings Condition
Active Sessions On Relevant Range & Elemented Probabilities;
European Session(Upwards) - US-Session(Downwards) - Asian Session(Ranging)
Conclusion | Trade Plan Execution & Risk Management On Demand;
Overall Consensus | Sell
USD/JPY - BullishDouble bottom before trendline was broken. Now retesting trendline and a significant supportlevel at 155.00. Expecting price to move up.
Double Bottom Pattern: Bitcoin Total Domination Last week my post on Bitcoin dominance played out faster than it was expected.
(see related)
This indicator broke out into 60-70% area.
So, I switched to a weekly time frame and spotted a classic reversal pattern called "Double Bottom" in the making for you.
Let's break it down.
We have two bottoms highlighted with yellow arcs in the same area.
Indicator eyes the middle top between bottoms, it is called "Neckline"
Now, let's breakdown buying technique:
1) buy entry is at the breakout above Neckline (green dashed line)
2) stop loss is at the valley of the right bottom (red dashed line)
3) target is located at the depth of the right bottom from the Neckline.
in our case it can't be higher than 100% and is set at the maximum (blue dashed line)
Its amazing that technical analysis could predict things that out of our scope as yet.
Large Bearish idea for current Bitcoin cycle.On the Daily chart very noticeable Double Top ~$107k. Certainly, short term move towards 93k. Afterwards probably the decision to make that will change the outlook of the next 1-2 years.
$85-86k could mean as first support. Then with the break of it, reaching low 70s and high $60s (~530 day downtrend will be near complete). If it were to continue tumble close to $55k (which I don't think it will), I am personally not going to hasitate for a long time to grab as much as I possibly can.
I'm convinced we'll be more than alright after this big Bear Trend.
BTC Double Top Patterns As we see BINANCE:BTCUSD made a new high that can be a double top formation on chart.
Also when we see the RSI chart it is seeing resistance above 60 and keep falling below 60.
So Looks like a bearish trend and if BINANCE:BTCUSD breaks its 3 months support around 91700 then we can see BINANCE:BTCUSD around 76000.
Lets see!
This post is just my perception and for study purpose only.
As crypto market has high risk of loosing money. Please invest your hard earned money carefully.
I will not be responsible for any loss in the crypto market.
Hedera Daily: Beware of the Bearish Dragon Pattern
In my previous article, I focused on Elliott Wave counts for HBAR.
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This time, I’ll approach the analysis from a different perspective:
1. **Dragon Pattern**
2. **Weekly Candlesticks**
3. **Parallel Channel**
4. **Oscillator**
5. **Fundamentals**
6. **Key Levels**
7. **Short-term Forecast and My Position**
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### 1. Dragon Pattern
The Hedera daily chart suggests a bearish “Dragon Pattern” forming. For a reference on a previous Dragon Pattern in Bitcoin, see:
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### 2. Weekly Candlesticks and the Dow Theory on the daily
Overlaying the weekly candlesticks schematically also indicates a clear bearish bias. Unless the weekly candle closes bullish—or at least recovers to 31 cents—the continuation of the downtrend looks very likely. The daily lower-low in the Dow Theory we already have might emphasize the bearish sentiment more.
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### 3. Parallel Channel
The price has dropped below the yellow line on the diagonal parallel channel. The following likely targets appear to be the light blue or gray lines. Considering this, it seems natural to expect a move toward the green box, although the path may involve some fluctuations.
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### 4. Oscillator
At the same time, the oscillator values remain at their respective low levels, suggesting a scenario where any downward move might be more gradual than abrupt. However, such a steep decline itself isn't excluded at the extreme of oscillator values.
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### 5. Fundamentals
From a fundamental standpoint, overall market sentiment is pessimistic, influenced by the DeepSeek shock and U.S. tariff concerns, making a short-term return to optimism seem unlikely. However, from a TA perspective, this aligns with the scenario many have been anticipating. If a decline materializes now, it may reflect the market providing its catalyst.
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### 6. Key Levels
On the downside, the area near the 23-cent low is almost particular to command attention. I watch around 17.5 cents (the top of the green box). If the price does reach this level, panic selling could spark wicks down into the 15-cent region. Although the bottom of the box is around 12.6 cents—and the likelihood of dropping that far seems slim—long-term HBAR holders like myself would welcome the opportunity.
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### 7. Short-term Forecast and My Position
As I posted on X (formerly Twitter), I’m currently short 34.5 cents and plan to take profits around 17.9 cents. Since a minor bounce could happen first, I don’t intend to add to my short position at this level. My spot buy orders are scattered from around 24 to 15 cents, illustrating my long-term bullish stance on Hedera.
For a bullish take, feel free to check out my earlier analysis (admittedly a bit optimistic, but I’m confident in the overall movement):
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ALI in our buying zone , with double bottom , RSI divergenceali has reached in our buying zone , with clear double bottom pattern , rsi divergence .
use 5% of your capital
ICAD Long after pullbackWaiting for a pullback. Looking for entries between 2.90 and 2.40.
Trend
Broke out of its base, trading in a confirmed uptrend near its 52-week high.
Price Action
Strong upmove but, with notable regression from recent highs.
Momentum
Very high, rising.
Volatility
High, rising
Volume
Very high
EURUSD (1H) - Bearish Reversal with Double TopOANDA:EURUSD
📶 Technical Analysis:
🟠 From January 13th to January 29th, the market was in a strong bullish trend, with prices steadily moving higher. The trend was supported by consistent higher highs and higher lows.
🟢 Between January 24th and January 28th, a Double Top pattern formed. This is a classic bearish reversal formation that occurs when the price fails to break above a key resistance level, marking two distinct peaks (tops) at roughly the same price level. The failure to surpass the previous high indicates that the buyers are losing momentum and that the market could be turning bearish.
🟢 On January 29th, the trend line was decisively broken, confirming the shift in market sentiment from bullish to bearish. This breakdown is a crucial event, as it suggests that the upward price movement is no longer sustainable, and the market is now in the process of establishing a downward trend.
🟢 Following the break of the trend line, the price started to form lower highs and lower lows, indicating that sellers have gained control of the market. This pattern is typical in a bearish trend, as it shows diminishing buying pressure and an increasing presence of sellers.
🟢 The bearish crossover of the moving averages further solidifies the reversal. Short-term moving averages crossing below longer-term moving averages indicate that the bearish momentum is accelerating. This is often interpreted as a signal to sell or go short, as the market is now in a confirmed downtrend.
🟡 Key support levels along the new trend line will be crucial to monitor. If the price breaks through any of these support levels, the bearish trend is likely to accelerate, leading to further downside potential.
🆕 Fundamental Analysis:
🟢 The US Dollar (USD) continues to strengthen, as the US Dollar Index (DXY) reached a weekly high of 108.35, driven by strong demand for the Greenback as a safe haven.
🟡 President Donald Trump threatened to impose 100% tariffs on BRICS nations and 25% tariffs on Mexico and Canada if they challenge the US Dollar's dominance or attempt to create an alternative currency. This statement could further increase market volatility and impact global trade relations.
🟡 The Fed held interest rates steady on Wednesday and indicated that it will remain in a wait-and-see mode until there’s substantial progress on inflation or weakness in the labor market. This signals a cautious approach in monetary policy.
🟢 The Euro (EUR) continues to weaken amid expectations of easing monetary policy from the European Central Bank (ECB). German CPI data shows inflationary pressures are easing, boosting hopes that the ECB may lower rates in the future.
🔤 Summary:
🟢 The EUR/USD pair remains under pressure due to a combination of factors, including weaker German inflation data and strong US Dollar performance. The pair is expected to maintain a bearish trend, with the focus on potential short positions around the newly formed trend line or key levels of resistance.
🟢 Watch for the trend line or significant resistance zones, as they may offer entry points for short positions if the pair continues to respect the downward trend.
🔴 If the price breaks above the trend line or key resistance, the current bearish analysis will no longer hold. In this case, it would be prudent to wait for further indicators and clear price action formations before taking new positions.
AMZN is looking for an uptrendAMZN hits the target of double top. After reaching the target area, it will form a V-shaped bottom, and if it is maintained, it will form two double bottoms, which makes the stock set for an upward trend.
Colgate-Palmolive close above support forming double bottomNYSE:CL close above support despite earning surprise, volume is also strong. It has lost all the gain in the last year, it looks like an oversold to me. Let’s see if it can form a double bottom next week.
CHOLAFIN - A clear triple bottomCHOLAFIN has formed a clear triple bottom.
Keep this stock in your watch list and watch-out for a break-out with strong volume around the upper blue line. ( Strong resistance)
DALBHARAT - Amazing consolidation!!DALBHARAT has taken a support around ~1720 with a resistance around - 1930!
Will it break 1930 and fly? Keep an eye on this gem!!
DYOR before you invest.
ICICIGI - A comfortable Triple bottom pattern Analysis:
This chart indicates a potential triple bottom pattern, which is a bullish reversal pattern. This pattern typically forms after a downtrend and suggests that the stock may reverse its trend upwards.
Support: The triple bottom is forming around the 17880 level, indicating strong support at this price.
Resistance: The immediate resistance level is around 1,879.95, with a stronger resistance at 2,000.00.
The formation of a triple bottom is a positive sign, but confirmation at resistance through a breakout with high volume is crucial before taking a buy position. Monitor the price action around the resistance levels and moving averages for additional confirmation signals.
Berger Paints - Double Bottom in ProgressProgressive Double Bottom for Berger Paints
Breakout above 500 can give big targets to 620/662
Double Bottom on USD/CHF @ W1This double bottom pattern has formed on the weekly chart of the USD/CHF currency pair following a downtrend that had been active since October 2022. It can be used as an upside breakout setup. The two bottoms are marked with the lower yellow line; the neckline is marked with the upper yellow line. My potential entry level is at the cyan line (10% of the pattern's height above the neckline). My potential take-profit level is at the green line (100% of the pattern's height above the neckline). My potential stop-loss is not shown on the chart and will be set to the low of the breakout candle or to the low of the preceding candle if the breakout one trades mostly outside the pattern's borders. I won't be trading a bearish breakout from this trend-reversal pattern.
STMXUSDT at a Make-or-Break Level – What’s Next?Yello, Paradisers! Are we about to see a major bounce on STMXUSDT, or is a breakdown lurking? Let’s break it down.
💎STMXUSDT has been in a healthy retracement and is now approaching a key support zone. If the price takes inducement and reaches this level, we’ll be watching for bullish price action confirmations—particularly a Bullish I-CHoCH on lower timeframes. This would significantly increase the probability of a bullish move.
💎Additionally, if we see a W pattern or an inverse head and shoulders forming in this area, it would further strengthen the bullish case. Stay alert and monitor price action closely.
💎However, if STMXUSDT breaks below the strong support zone and closes a candle beneath it, our bullish setup becomes invalid. In this scenario, it’s better to stay patient and wait for a more favorable price action setup.
🎖Remember, Paradisers—trading is all about waiting for high-probability setups. Discipline and patience always win in the long run. Stay sharp!
MyCryptoParadise
iFeel the success🌴
JASMY at a Crossroads: Breakout or Deeper Drop?Yello, Paradisers! JASMY remains in a bullish market structure on the higher timeframe, but the question is—will the current retracement lead to a breakout or a deeper correction?
💎Right now, JASMYUSDT is retracing into a crucial support zone. If the price breaks above the resistance trendline with strong volume and confirms a bullish I-CHoCH on lower timeframes, it would significantly increase the probability of an upward move. However, patience is key—confirmation is crucial before entering a trade.
💎If the retracement deepens or panic selling kicks in, we’ll be watching the next strong support zone. A bounce from there is possible after taking inducement, but confirmation will still be necessary—look for a bullish I-CHoCH on lower timeframes or classic reversal patterns like a W pattern or inverse head & shoulders.
💎However, if the price breaks below the strong support zone and closes candle below it, our bullish scenario becomes invalid. In that case, it’s best to step back and wait for a stronger price action setup before making any moves.
🎖The key here is discipline and patience. Don't chase trades—wait for high-probability setups and let the market come to you. This is the only way to stay consistently profitable in the long run.
MyCryptoParadise
iFeel the success🌴
BTC DOUBLE TOP?Opened short positions on January 29th based on the following criteria:
Fed decision to maintain rates.
BTC hype at all time highs.
NVDA "largest pullback ever" earlier in the week.
Technical Analysis Pattern: Double Top potentially forming with recent price rejection.
Stop Loss @ 106,550
Exit Short @ 87,200
Risk / Reward: 3.25
