BTC triple bottomHello trader !
Today, i present you my chart analysis of BTC\USDT.
As you can tell, a clear Triple Bottom has formed.
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Triplebottom
AXS prints a triple bottom patternIf you look at the 4h time frame chart of AXS you can clearly see that it successfully completed and confirmed the triple bottom pattern breaking out the resistance line.
I will consider to wait for a pullback and enter a long at 14.02$ with an stop loss at 13.43$ and i will take profits at 16.62$.
Bitcoin Dominance may see massive recovery soonWe never quite made it to the 1.5x target from our double top back in Jan 2021. That's not to say it's still possible we see it and even reach the 2X target making new ATLs.
However, I can see the possibility of a weaker low made near the top of the green support area, and that occurs and we turn back up from there, dominance may for a triple bottom (or an inverted head & shoulders).
Should that occur, we will never see a new ATL and instead a very fast and hard recovery of Bitcoin's market dominance.
This could mean two things:
1.) Bitcoin is about to destroy the altcoin market, and itself.
2.) Bitcoin is about to destroy the altcoin market and go on a tear.
If we break below the green support, then expect the opposite to occur:
1.) Bitcoin may continue to correct upwards slowly, and altcoins may go on a tear
2.) Or, some of the most promising altcoins start to take away from bitcoin's dominance, and we end up with a new type of market.
This particular idea is in support of the former, where bitcoin dominance goes up and fast, if dominance were actually a trade-able instrument, this would suggest "going long" after stopping somewhere near support (green box).
Alternative idea linked under related ideas below, supporting either movement in either direction.
Here's a zoomed out view of line chart, showing our Jan 2021 double-top, and our previous low (ATL), which is still lower than the 1.5X target for the double-top:
USOIL Bullish triple botton on 1HUSOIL has launched from 87 USD price and reached psychological level of 90 USD, the pattern has completed 3 touches on the bottom and confirmed twice on the tops, ready to go to 96 USD target. Please let me have your comments.
META "Triple Bottom" Inside "Falling Wedge" Pattern
Patterns Identified- "Triple Bottom" inside "Falling Wedge" pattern
Bottom to neckline measurement is approx. 17.89! The measurement for the wedge from its lowest low and highest high is approx. 198.46.
My entry will be just above the break of the neckline at 172. I will use a stop loss which I won't disclose on this forum. Profit taking areas will also be set prior to placing the trade.
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*This is not financial advice.
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MrALtrades00
AUD/USD - 1H - Expanding TriangleAUD/USD is in a bullish trend . The price action is forming an Expanding Triangle , currently testing the Rising Support and Horizontal Support Zone with a Triple Bottom and a Bullish Candle Pattern nearby. Expecting bulls to push prices higher.
ASX:MIN TRIPLE BOTTOM TREND BREAKASX:MIN Daily TF
Waiting to see if Mineral Recourses Limited confirms the direction change & continuation.
Off a Triple Bottom and Downtrend Break, the 2 remaining things I am looking for are Bullish Momentum indicated by RSI & price to break through Resistance Zone.
This happened in a similar occurrence at the start of the year JAN-MAR.
If it fails to break Daily Resistance & Resistance Zone I am looking for price to return to Daily Support where the Triple Bottom occurred.
"DISCLAIMER: NO ADVICE. The information presented here is general in nature and is for education purposes only. Nothing should be considered to be advice. You should consult with an appropriate professional for specific advice tailored to your situation."
EURUSD Swing TradeWe can see a perfect break of triple bottom and retest of neckline on the 4 hour timeframe, heading to a beautiful long buy. We see a nice down trend and going for the resistance of the trend line. Just retested the 10 and 20 EMA.
3...2...1...BLACKSTONEStock: BX
Pattern: TRIPLE BOTTOM
Timeframe: 1H
Reaction: BULLISH
$BX appears to be poised for an upwards move after forming a clear triple bottom on the 1H chart.
BTCUSDT is testing the daily resistance 🦐BTCUSDT on the daily chart reached the daily resistance at the 22k.
The price after a triple bottom at the recent lows might have the strength to retrace further up to the 0.382 fibonacci level.
How can i approach this scenario?
I will wait for the market open and in case the price will break above i will move on the 4h chart to check an entry according to the Plancton's strategy rules.
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Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
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Follow the Shrimp 🦐
BTC highly probable scenarios.I'm looking at daily timeframe, BTC has broken daily 34 EMA, and now it is fighting against horizontal resistance at 22.3-22.6K. if BTC succeeds to break it then pink and green scenarios will play out. More likely they will.
Of course after breaking the mentioned resistance everybody will open long and wait for 28K, but we' it reaches to 24-25K/ a horizontal rectangle and triple top target/ we'll see retest of the daily trendline and horizontal support at 21-22K with long liquidations, then bounce and retest 28K the most important resistance. As I posted in my previous analysis 28K horizontal resistance and trendline retest is inevitable. For more details check the bellow analysis I attached the link. Don't forget to check my analyses that proves BTC bottomed at 17.5K on 18.06.2022.
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ETHUSDTPRICE ACTION:
• In a downtrend, price action finds first resistance (1), where it reverses direction and goes upwards till finding support (2).
• Price action reverses direction from (2) and goes downwards till finding second resistance (3), which will be -around- the same rate of the first resistance (1).
• Price action reverses direction from (3) and goes upwards till finding second support (4), which can be higher or lower than the first support (2).
• Price action reverses direction from (4) and goes downwards till finding third resistance (5), which will also be -around- the same rate of both the first (1) and second (3) resistances.
• The pattern is completed when price action reverse direction from the third resistance (5) and goes upwards till it breaks the upper support at point (6).
Double and Triple BottomsComparison showing double bottom with a potential triple bottom in the making
Vs Eth with a triple bottom in a similar fashion
Very different timeframes (Weekly vs 4Hr)
Chfjpy wait for BREAKOUT----then BUY!!!Two bullish scenarios...... Of course it could just go the other way and become a loss but, it would have been a good risk for 3.4R which goes up to 5R if the scale-in occurs......
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BTC triple bottom and descending broadening wedge breakout? I'm looking at daily timeframe. As always after CPI release/today/ BTC price drops and then pumps doing long and short liquidation. I expect it to drop 18.6-19.1K making triple bottom and moving up.
I think this time it will succeed to break horizontal rectangle resistance and hit 24-25K. Before upward continuation, it will test the broadening wedge trendline as it did previous time mentioned on the chart.
then it will test 28-30K horizontal resistance and broken trendline. As I mentioned in my previous analysis a test of that trendline is inevitable. Check bellow the attached links and pay attention to my previous analysis.
⚡️ #NEO/USDT - Potential 280% ⚡️⚡️ #NEO/USDT - Potential 280% ⚡️
Entry Conditions:
- Daily RSI Trendline Breakout Pullback
- Triple Bottom
Entry: 7.20 - 9.15
TP1: 13.28
TP2: 22.82
TP3: 27.32
SL: 4.61 or HOLD
EUR/CAD Keep Falling Hi Traders, with broke the strong triple support with negative pattern expect price keep more falling. differs scenario if a price rise above 1.34280 again with close 4h candle
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Easy trading Setup For APPLE (AAPL) – Triple BottomHi Traders,
Looking at Apple Stock today on the 1-hour time frame.
We see a nice potential triple bottom playing out.
Price has been respecting the descending trend line as well as the neckline of the triple bottom.
Once the price broke out of the neckline as well as the descending trend line, we had a nice bullish volume bar to accompany it.
Once the market opens, I will be looking for a retracement back into the neckline.
My long position will trigger then and my targets are previous resistance.
Let's see how this plays out. ( I'm not a massive triple bottom trader however, this one has me curious haha )
Have a good Tuesday!
The Vortex Trader
CHIQ - Triple Bottom Continuation IdeaCHIQ has formed some interesting structures within the dominant Fibonacci circle
Triple bottoms can be seen
Right now price can be seen to be in an area which could possibly be seen as a place for one of these triple bottoms to occur (in green bars pattern) leading to the climb out of 3.618
JASMY is going to moveOn 4H time-frame, JASMY formed a triple bottom. It has broken the neckline (also the trendline). Successful retest is going to be confirmed (let's wait for the current 4H candle's close).
On the higher time frame 1D, we can see a medium bullish divergence which reinforces the upside move (see below).
Amazon: Triple Bottom!!Amazon
Short Term - We look to Buy a break of 106.50 (stop at 99.65)
We are trading at oversold extremes. 100.00 continues to hold back the bears. This is positive for sentiment and the uptrend has potential to return. Posted a Triple Bottom formation. Further upside is expected.
Our profit targets will be 124.82 and 130.00
Resistance: 125.00 / 138.00 / 170.00
Support: 100.00 / 90.00 / 66.50
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