Hi guys, if you know my trading style you would know why am i looking at this pair: we're bouncing back from a previous daily structure and in doing so price created a sequence of higher highs higher lows giving us an additional signal upon our long bias. If you zoom in the chart you would notice a double bottom formation happened right inside that blue box that...
ETHUSD update: 315 support reached as pin bar appears on this time frame to show a possible double bottom formation. I am long at 321.24 (50% of position size) with a stop at 314 and target of 345 Risk/reward is about 3:1). The retest of the 315 level has played out as I wrote about in my previous report. And the price action at the moment is showing a bullish...
find trendline retest and try to use 2618 to buy. Goodluck
A double bottom occurred some days ago: confirmed, because it closed on daily above the horizontal line (note that it is more clear on a daily scale). Later, however, the pair went down. Please note that this happens very often in this type of pattern and it does not mean you should become suddenly bearish. So if you did not buy when the double bottom confirmed,...
Wait for confirmation with nice volume. Buy in at the support line
I've been playing with BTCS since just before the last run which I caught some of. Right now it's making a 3rd test on the lower r/s line $.1248. Once it crosses over it has $.1560 then $.20 and the next two are a lot lighter than 1248.. My thoughts are; once it gets moving it will go. You agree?
Double bottom on the 1D, 24,000 sats and below is a very good entry
Hi guys, this is a crucial zone on AUDJPY and i was monitoring this specific price level because we've had multiple structure points on the daily. Therefore i was looking for a buying opportunity, since the overall trend is bullish. When i went on the hourly chart i noticed a double bottom formation followed by a break of structure to the upside. This gives me...
this setup is to hot to miss people!!! is EUR is aiming to hike again ?the pair was falling since first day of the month and i'm not surprise finding a support level at 0.8800, cause if you take closely this level was a major resistance and if you pop up your fibonacci retracement level of the big move you'll notice that 50% fit perfectly on the same level, i'm...
This coin chart is very different from the rest of altcoins. I marked channel and it is very obvious that the coin is trading in between theses two levels(yellowish rectangle). It is quite possible that the coin will reach highest high again in some time unless the channel will be broken and down trend will occur. I marked double bottom as well. I think SL...
Hi guys, this chart speaks for itself. On the daily we're at a cluster of daily structures and i think this could provide support to price action. But i want to see one of two things: 1- a break of structure on the lower timeframes 2- a retest of the lows and a strong reversal candlestick pattern Otherwise, i'm not taking this one. Keep you updated! If you have...
For the Wave traders out there in my opinion we are in what we call an Expanding Diagonal. For this exact reason I gave this title to the post because Diagonals usually occur at the end of trends and could signal that a reversal is in the making. Of course we also have Leading Diagonals but those occurs less often and after looking at the bigger picture (W TF)...
NSE:BANKBARODA had a very nice consolidation and then made double bottom and the bottom! Stock has started its upward journey. Buy BankBaroda above 143.5 CMP -> 141.80 Target -> 152 / 157 / 168 / 177 / 188 and above
Just using ideas for my own learning, but would love feedback in my progress of learning to read charts. Still mainly paper trading, only a few longs in stocks and crypto. Just to experiment.
I must admit it was always one of my favorite coins. After forming a double bottom (I do not believe much in this kind of patterns) but came back resulting in previous charts how the double tops. The lines are perfect, the bottoms, the neckline, the cruising trendline. Everything is given and if the volume accompanies DGB is likely to reach the two objectives....
Negative test of Fib .618 level Looking for an Entry around the retest of the .382 Level RSI(5) is nice and cozy on the daily chart around 50, not oversold or overbought Also a double bottom formation as well. this is looking to be a low-risk high reward set up
Hey guys, i'm not taking this trade for correlation-reasons but for educational purpose i think it represents a nice opportunity of a structure trade. You can see price has now reached a key structure point on the daily chart, and while testing this zone it has created a double bottom with RSI divergence on lower timeframes (1h). Given the overall analysis it...
ENBL reached a new high on the break out from a double bottom. RSI was pushed over 70. If support is found while RSI only pushed down around 55-65, I think this is a good buy situation. There was also heavy volume on the break above 15.98, indication of a strong break out.