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Tripletop

Bitcoin - Triple Top,Correction,Continued Fall Beginner's reviewHello, all the participants of this platform. I'm new to trading. So you don't need to take my feedback seriously. This is just my opinion, my review and nothing more. I have never been involved in trading, I have only studied this area, kept my diary, recorded my observations, and created my own personal training program for myself on which I plan to trade. If you have any comments, write about it, I will gladly accept all the information and write it down for myself in my diary... Now, after the "reset" of the entire cryptocurrency that I expected, I decided to try my hand at trading and start trading. At the moment, I want to analyze bitcoin itself, as everyone knows that a lot depends on it. This whole trading idea is shown on the chart. At the moment, I have a long open position on this position from 37400. For a long time, I analyzed the chart, market psychology, and levels. My main goal in this position is 46800. (first goal) I plan to close a small part of the position there. In the near future, there will be an intersection of moving lines, which is called the "cross of death" Judging by the previous such intersections, the market looked short. For this reason, my analysis of the global short is still so.
Short
by blackwolfmm
1
USOIL for new recent highs? 🦐USOIL after a triple top rejection of the resistance area retraced at the 0.786 Fibonacci level. The market from there started an impulse to the upside and currently testing the 66 level. According to Plancton's strategy if the market will break above we will set a nice long 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.
TVC:USOILLong
by InkyGrip
XRPUSD Triple top forming on the 30min Triple top forming on the 30min timeframe for XRPUSD after we have seen the supply area around 1.43- 1.45 being tested unsuccessfully three times now. If we see another test at the 1.37 - 1.4 support and we break down below that we will retest 1.29 as that is the nearest support. RSI and ADX seem to be under pressure downward as is the MACD. A close above 1.45 would invalidate this. Let's see what happens. Not trading advice, just what I see ;)
BINANCE:XRPUSDShort
by izakmerwe
What will happen to Bitcoinlets see how long bears can go :) For having more precise analysis, We need to check Total crypto market cap too. I'm using BTC/USDT Binance chart because i believe Binance is most effective crypto exchange. Okay let's go As you can see we have triple top pattern in Bitcoin and the neckline has been broken, Also we know that pattern like triple top usually happens at the end of the trend. We have a downtrend and because of the pattern, We know how long can this downtrend continue. Let's see when the downtrend will finish To do that we need to find out Price return zones(support zones), In order to do that i use Fib retracements and Price movements(highs,lows and ...) I used two waves for fibonacci retracement first one from around 9.6k to 64.9k(from bottom A to top3) and for second wave i used initial big pump wave which is from almost 21k to 64.9k(from Bottom B to top3) Combination of Price movements and these Fib's give us important zones which are all visible in the chart and you can see them. Let's have a quick check on Total crypto market cap The chart bigger movement is still in the ascending trend but in short term we are experiencing a downtrend. I found important returning zones just like how i found them in Bitcoin chart Conclusions: 1-We need to wait for both Bitcoin and Total cap return from one of those zones. 2-Bitcoin is retracing and after finishing the retrace we can expect continuing the ascending trend(Another impulsive wave). 3-Bitcoin and Total crypto cap have correlations and based on Btc dominance most of the Total cap is in the Bitcoin so when the Total cap rises we can expect Bitcoin to rise. 4-Bitcoin and Total cap bigger trends are ascending. 5-Bouncing back from those zones can be a long opportunity.(always wait for multiple confirmations) Tips: 1-This is not financial advice and you need to do your own analysis. 2-Money management is the key and always use proper position sizing. 3-Feel free to comment what you think and check my analysis precisely so zoom in, move the candles and ... . Thanks for your time
CRYPTOCAP:TOTAL
by KiomarsRakei
1
DOGEUSDTDoge has gone too far more than other alt coins. Majority of the alt Coins fall but Doge stood strong and made a new high. So our next question is SHOULD WE SELL NOW? WILL DOGE CONTINUE IN BULISH? FOR HOW LONG WILL IT KEEP MOVING HIGH? So to cut everything short, Doge has been in Bullish for days and it's came to a point where sellers are pulling the price down. Doge 1st made a double top and fall to the trendline support, and bounced back. Now it forms a triple top which will eventually break the support trendline. Till then we will analysis it's Bullish form HAPPY TRADING 🚀
BITTREX:DOGEUSDShort
by orisberry
EURUSD D1 Bearish ViewEURUSD bottomed at 1.1704 and then rebound to 1.1993, slightly above MA 50 Daily and 1.2000 level. It likely that EURUSD would form Triple Top, as EURUSD has tested 1.2000 twice in last March. First Scenario: Below 1.1950 would open the way to 1.1835. IF it still continue going down below 1.1835 then the next target is 1.1700. But IF it just stop around 1.1835 and rebound, then it possibly could form Inverted Head and Shoulder pattern by testing 1.2000 again. Second Scenario: A break above 1.2000 would invalidate First Scenario and EURUSD could continue its Bullish View to test 1.2180 first, then 1.2240 as next target. Anyway, I prefer to choose The First Scenario (Bearish View).
Short
by Wahyu_Luck
EURUSD at the top of the channel 🦐EURUSD on the 4h chart reached the resistance zone at the 1.19880 level creating a possible triple top. Moreover the price is moving inside an ascending channel and now testing the top of it. According to Plancton's strategy if the conditions will be satisfied we can 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
2
EURJPY testing the recent highs 🦐EURJPY is moving near the 130.600 area at the recent highs. The market after a new test of the resistance created a triple top. According to Plancton's strategy if the price will break below we can 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
2
EUR/JPY - Key Technical Aspects on this Chart!Some really key technical elements on this chart you must be aware of when trading forex: 1. Key Levels in the Market. Where price has tested this level as support and resistance. 2. Triple Top Formation - Price has tested and failed to break three times. Reversal indication? 3. Break and Retest Setups - Trending markets where price has broken through resistance, retraces to test a level as support before another push to the upside. Will we see a push to the downside on this pair?
Short
by Jal121
Bitcoin possibly finding its top, see you at $39,000?There are many signs now in the mix that would make you think Bitcoin has finally found its top. But with the market like it is nothing is certain especially right now. But for those who would like to see the possibilities ahead in a bearish point of view here you go. Point 1: We are in a huge RISING WEDGE that has been broken down out of and finding resistance at our old demand line. Point 2: Depending on how you look at the price action there is also a 2nd rising wedge lol. SEE BELOW Point 3: Within POINT 2 there is also the possibility of a BEARISH CRAB PATTERN. SEE BELOW And last but not least POINT 4: TRIPLE TOP SEE BELOW So, I've made my point, and I am in no way saying to short this asset because obviously the trend is crazy strong so who knows what could happen. But I tend to think that with the great discount we have on equities at the moment there will be a change and crypto will go through a stronger correction before it picks back up. Good luck traders.
BITSTAMP:BTCUSDShort
by ElPsyKongroo369
4
AUS200: Possible triple topThis one to watch. For new traders its a nice one to try out on a Tradingview paper trading account. The possible triple top is into a zone of congestion. Price may go up or it may go down - only two directions here. All you can do is take a controlled affordable loss (aka stoploss). This is positional play for finding a trend south on a lower time frame. Disclaimers : This is not advice or encouragement to trade securities on live accounts. Chart positions shown are not suggestions and not intended to assure you of an advantage. No predictions and no guarantees are supplied or implied. The author trades mostly trend following set ups which has a low win rate of approximately 40%. Heavy losses can be expected if trading live accounts. Any previous advantageous performance shown in other scenarios, is not indicative of future performance. If you make decisions based on opinion expressed here or on my profile and you lose your money, kindly sue yourself.
FX:AUS200
by Captain_Walker