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Double Top or Bottom

Bitcoin's Third Attempt to Break All-Time HighBitcoin has tried breaking its all-time high twice already. The first time, it reached a Measured Move target but pulled back to the previous High. The second attempt pushed to the all-time high but failed to hold (false breakout). Now Bitcoin is making its third attempt. Here's my strategy: If BTC retraces to the 50% level, I'm planning to enter a long position: - Take Profit Target: $176,000 - Stop Loss: $108,600 However, if this third attempt fails to break higher and hit my SL, I expect Bitcoin to drop significantly, potentially down to $70,000. At that point, forget BTC. This is a high-risk, high-reward setup. Third attempts often either break through strongly or reject hard. I am watching the 50% retracement level closely for entry timing.
CRYPTO:BTCUSDLong
by chrisnew3525
1
GOLD HAS A HIGH CHANCE OF DROPPING My analysis shows that we might experience GOLD dropping for some short time, as we can see the trend was Bullish and making HH and HL until price formed a Double Top(reversal sign). CHoC occurred and price broke below forming a LH and LL, price is now retesting our CHoC and might continue to drop after this Note- price tried to break above our CHoC and it rejected and is now currently at the CHoC zone, it is best to wait for a candle confirmation of bears, to see if it will reject or break above. If it rejects again then we can take that as our entry to sell as the price will be going down. Kindly follow for more technical analysis📉
CAPITALCOM:GOLDShort
by StarleXtheTrader
Not the Bottom Yet—Gold Poised to Retest 3800Gold failed to break through 3900 again and fell all the way from around 3897 to 3819, with a drop of $78 again. The two recent declines of this magnitude have greatly hit the confidence and sentiment of market bulls, and the bearish atmosphere in the market may become even stronger. Although gold rebounded again after touching 3819, it failed to hit 3900 twice and has successfully constructed an M-shaped double top structure in the short-term structure. Suppressed by this technical structure, the bullish momentum may be difficult to sustain and will intensify the short-term volatility. The volatility range is likely to be switched to the 3860-3820 area. Therefore, based on the current market changes, we cannot blindly be bullish on gold for the time being. From a technical perspective, gold is under pressure in the 3850-3860 area in the short term, so if gold rebounds and touches near this area, we can give priority to shorting gold, first targeting the retracement target area: 3835-3825 area. Once gold falls below the level around 3820, it is very likely to test the support strength of 3800 again.
OANDA:XAUUSDShort
by WaveRider_Steffen
3
A Bullish Opportunity for Lido DaoThe price of Lido DAO (LDO) is at a critical point right now, according to technical analysis on the weekly timescale. It is testing the Double Bottom pattern's neckline around US$1.1108 and is also making an effort to break through the 8-EMA resistance at US$1.1957. The price has a broad range of potential for upward movement if it can effectively break out of the 8-EMA level and reject the neckline without dropping below the bullish trendline that supports it. The initial objective is about US$1.5683, and a more optimistic target is around US$2.1888.
Long
by PVX_polarvex