Hey, traders. Here on the GBPUSD, we have a great example of a CTS type of trade. This market is at a previous HTF level of structure. It has also gone overbought on the RSI on higher time frames. Now, that alone is not enough reason for me personally to enter a trade, but taking it down to an hourly chart, here we have a nice double top. This double top looks...
Hi, here you see VOL is getting lower, and we still are in the down trend.
The market is preparing for a BIG move.
We have the strong 0.38 lvl if it will form the bottom we will see. ( Perhaps a dubble bottom)
I am still very bullish on XRP.
This is not financial advice! Bye
what is the double top pattern :A double top is an extremely bearish technical reversal pattern that forms after an asset reaches a high price two consecutive times with a moderate decline between the two highs. It is confirmed once the asset's price falls below a support level equal to the low between the two prior highs.
The Difference Between a Double Top and a...
BINANCE:CDTBTC has completed the double bottom, we just are looking for a bounce from here. All alts are down and could move further down against Bitcoin as it moves up. However I think the ALT rally starts now. CDT also has rested upon support of the downward trend line it broke several months ago. These are all bullish indicators, as well as the MACD about to...
EURUSD pulled back to 61.80% retracement level and is building support around here. There's was some 16% extension beyond the previous low and currently the parallel median line of this inside set is zoomed, which shows some underlying strength of this pair at this level. It makes sense to accumulate long positions with stops below the current low for longterm...
Very nice double bottom setup with RSI Divergence, for double bottom fanatic, here you go.
On a higher timeframe, my previous post I did share a bullish shark pattern. For cumulative points system trader, this is an addition to the setup.
In the previous analysis the small bear flag broke, reached it's target and then bounced up big from that thick trend line in the middle. We have since made some big moves the past weeks and the 84 has held like a solid rock so far. Because of this we can also assume this 84/86 zone is a very important level. So if it breaks, we should see it drop towards the 70...
welcome to another free signal!
Instructions: We need to wait for the market to break below the trendline again! After that we can place a sell-order!
Target 1: 14.13445
Target 2: 14.01953
Target 3: 13.94713
At the moment we can see a similar shape double top as the one i showed back in Sept. Eventually it was the ATH so it was a bit lucky on that part. So doesn't mean the same will happen again now, but who knows.
So doesn't mean we crash hard, but we can always keep a part. Stop above the high, would do half now and half at break neckline. Above neckline very it's...
This analysis started from the lows 2 months ago and after a very slow completion of the double bottom, the neckline broke past week and in one sweep it went straight to it's target. It has been moving around a lot since, already made a 50% correction as well, so very dangerous asset to trade now. Many have asked me for an update on this one, so i am going to try,...
High volume selling after earnings (2 black gap candle formation) pushed LOW down to $92 for a brief test. Since then it has been consolidating slightly above. I think it could retest $92 for a possible double-bottom, or worse, break-down to new recent lows possibly around $86-87. I have a tight stop of $98 as it has already consolidated a bit here. Depending...
PHM turned out to be a good divergence to the downside with a topping pattern May 17, 2019. A new top is in place but the MACD is diverging even lower indicating price should be around 31.5. Trying some June 21 expiration 31.5 puts at .27.