Potential Double Bottom Pattern for Bitcoin?Honestly, there are countless possibilities and patterns for Bitcoin right now. I am focusing on a Potential Double Bottom (W) Pattern since I am following that Idea since mid-December 21, for now, there's more evidence that this actually can be a Double Bottom Pattern.
Just FYI, Weekly was charted here.
As said above, there's a Chance that Bitcoin is evolving into a Double Bottom or so called W Pattern. What gives me confidence is the Fact that the "Heikin Ashi" Candles are sowhing a weakening Trend, so that there's a chance that the current trend finally will change into an Uptrend. This thesis is backed by the RSI which is recovering, a bullish cross will probably happen in 1-2 Weeks, if no major news etc. will crush it.
The Target for the Double Bottom should be somwhere between 100-110k, in the following Months. Of course, just if a Breakout occurs.
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This Analysis is not intended to be investment advice. Always DYOR.
Wpattern
ABB INDIA LTD Looks good for positional trade.Aim for 5-8%. It can be easily achievable in 1-3 days.
My belief is to choose high winning probability trade with a risk-reward ratio going from 1:1 to 1:2.
The reason for booking profit of only 5-8% is because the market direction is not sure at this point. So better to aim for 1:1 risk-reward and rotate your money in better opportunities.
Take trade if all conditions meet at the end of the day 3:15-3:30 PM.
If you have any questions or suggestions, please leave a comment below.
I will personally reply to every single comment!
If you enjoyed this analysis, I would definitely appreciate it, if you smash that like button and maybe consider following my channel.
AUDUSD : KEEP AN EYE ON IT
Hello traders.
AUDUSD has current formed a beautiful W structure. The price is currently testing the neckline resistance which is marked in red circle. From here the possible scenario could be:
1. If it rejects from the neckline, we can see a strong bullish move to the up side and we can book our profits as shown.
2. If it breaks the neckline, we can see a continued bearish more to fotm a triple bottom structure and then a huge bullish move.
So what next? What for the price to finish its move near the neckline and act accordingly as said above in case 1 & case 2.
For precision, trade entry in intraday time frames.
Good luck for your profits. 👍
TV18 Broadcast Looks good for positional trade.Aim for 5-8%. It can be easily achievable in 1-3 days.
My belief is to choose high winning probability trade with a risk-reward ratio going from 1:1 to 1:2.
The reason for booking profit of only 5-8% is because the market direction is not sure at this point. So better to aim for 1:1 risk-reward and rotate your money in better opportunities.
Take trade if all conditions meet at the end of the day 3:15-3:30 PM.
If you have any questions or suggestions, please leave a comment below.
I will personally reply to every single comment!
If you enjoyed this analysis, I would definitely appreciate it, if you smash that like button and maybe consider following my channel.
LAURUSLABS gives a breakout and retested. Aim for 5-10%. It can be easily achievable in 1-3 days.
My belief is to choose high winning probability trade with a risk-reward ratio going from 1:1 to 1:2.
The reason for booking profit of only 6-8% is because the market direction is not sure at this point. So better to aim for 1:1 risk-reward and rotate your money in better opportunities.
It is an analysis video. Take your decision on your own.
Take trade if all conditions meet at the end of the day 3:15-3:30 PM.
If you have any questions or suggestions, please leave a comment below.
I will personally reply to every single comment!
If you enjoyed this analysis, I would definitely appreciate it, if you smash that like button and maybe consider following my channel.
BTC DAILY POST (2/3) - W PATTERN This is a W pattern I saw on the daily chart that could give us a little short time bullish momentum : )
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PNB is ready to buy for positional trade.NSE:PNB
Aim for 6-8%. It can be easily achievable in 1-3 days.
My belief is to choose high winning probability trade with a risk-reward ratio going from 1:1 to 1:2.
The reason for booking profit of only 6-8% is because the market direction is not sure at this point. So better to aim for 1:1 risk-reward and rotate your money in better opportunities.
It is an analysis video. Take your decision on your own.
If you have any questions or suggestions, please leave a comment below.
I will personally reply to every single comment!
If you enjoyed this analysis, I would definitely appreciate it, if you smash that like button and maybe consider following my channel.
Is LINK back from death? ☠️Hi everyone 👋🏽
🕊 Wish y'all have a profitable lifestyle 🍀
📌 LINKUSD- weekly Time Frame - Candlesticks
📌 W Pattern - Elliott Wave - Support Resistance zone - Double Bottom
📍 LINKUSDT is showing us some bullish signs after a very long boring correction moves
📍 We are in a very important support zone at the moment and I personally think that price is not going to break this level easily based on :
1- The double bottom pattern that chart has created
2- The possible W Pattern in weekly time frame
3- Fibonacci retracement 0.23%
📍 Chart has also created a very huge asymmetrical triangle (which is also a bullish sign)
⚠️ However, if the price does not hold this very important support zones we will see the 7.9$ - 8.45$ support zones
👉🏼 A very safe entry will be breaking the triangle:
⚠️ I do believe that we may see another retest of the current support zone after the retest of the triangle
👉🏼 Meaning that 27$-28$ price zones can be a big resistance level
📍 We do have a potential bullish RSI divergence in weekly and daily time frame which can be a confirmation of the W pattern.
📝 If you compare LINKUSD with BTCUSD during Feb - mid May you can figure out that LINK has done a better job, this time it may also happen.
THIS IS NOT A FINANCIAL ADVICE
PLEASE DO YOUR OWN RESEARCH BEFORE TAKING ANY SELL OR BUY POSITION
GOOD LUCK
NP TRADER
SRM - TA possible bullish scenario 4h I opened a Long just few minutes ago. Let's see what will happen 🚀. Don't forgett to like it, if you appreciate my work 👍
And that's the main reasons I decided to take a long:
► Double Bottom is formed
► Breaking out of this falling channel
► Breaking out of this falling channel confirmed
► Breaking out of the 200 MA
► High risk reward ratio
► Breaking out of this smaller (maybe you could see it) broadening falling channel
► Moneyflowindex in green (4h base)
Trading setup:
Entry: $3.73
SL: $3.195
TP: $5.65
Disclaimer: DYOR. No financial advice. Just for your impression.
$DAX Can Still Rise Higher To This FCP Zone #daxTraders, DAX Can Still Rise Higher To This FCP Zone.
Rules:
1. Never trade too much
2. Never trade without a confirmation
3. Never rely on signals, do your own analysis and research too
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Take care and trade well
-Vik
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📌 DISCLAIMER
The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of education only.
Not a financial advice or signal. Please make your own independent investment decisions.
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