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Doublebottomreversal

Coast Clear to Long FBLong Facebook I don't have fancy charts but the recent candlestick chart is clear that Facebook had completed its double bottom reversal to turn bullish. This is confirmed when Facebook went above $171 today in a continuation of the bullish pattern. Facebook also announced superb results despite the negative privacy news about it. Finally, it would appear that the political issues (shutdown, trade wars) and hawkish Fed had all cleared the horizon. My opinion is that the coast is clear for good shares to shine in Feb 2019 after the sharp downturn in the last quarter of 2018 and the recovery on Jan 2019. Sure, there are worries about slowing Chinese growth and there will be political fights over the wall but it is unlikely to slow down the recovery and the general recovery theme.
NASDAQ:METALong
by kailevel
Short Squeeze + Discounted price = Bear NightmareAs we make the "Three Drives Pattern", the bear shorts will come in even heavier - one final time We have an obvious ascending channel and we need to follow the trend. Weekends are typically higher probability for bull runs. Stocks are climbing Fundamental Analysis: Retails investors don't want to miss out on "the bottom", even though this is not the bottom. They are in the belief that the market was manipulated to drop, so Wall St can by at discounted prices before 2019 Technical Analysis: Retail Bulls are waiting for BTC to hit $3,600 again before buying (but it won't), and will realize they missed out (especially on a Saturday) and FOMO in big time at the end of the 3-Dives Please leave me your thoughts, I appreciate the feedback -racethehair
COINBASE:BTCUSDLong
by racethehare
1
Siacoin Chart Looks Good. Bullish Trend is Going To Start.SCBTC is g etting ready for t he next ride. After months of retrace, as soon as bottom is found, Chart Looks like Double Bottom Chart Pattern, which is super bullish pattern. Price of the scbtc is almost AllTimeLow of the year 2018. If this pattern succesfully forms,then we can expect massive gain from this coin.(Min. 2X) Lets Looks at the Indicators, RSI Almost In Oversold Zone, which is a bullish signal. Bolinger Band Price touches bottom line of the bolinger bands, which is also a bullish sign. MACD Cross Over going to happens, which is a bullish sign. Ichimuku Cloud *****If You Like My Ideas,then hit the like button & Follow me for Latest Updates..****** Disclaimer: I am not a financial advisor. Please do your own due diligence when it comes to investing. Never put in money that you cannot afford to lose. This information is not a recommendation to buy or sell. It is to be used for educational purposes only. " Be Happy, Be Disciplined & Keep Smiling "
by iamiyaranjan
2
ZILBTC Double bottom and triangleAt the moment the coin looks optimistic, it can fluctuate in the range of 0.0000105-0.0000108, but has a high potential to break through resistance shown on the chart. The price is going to test upper edge of descending Triangle in case of success it will break through it and consolidate above resistance of Ichimoku clouds zone. Which will bring significant growth. ZIL found its support and the price is at the Double bottom pattern which is being formed now. Indicators suggest it will be finished which will bring the price outside of mentioned triangle and resistance. Signal with targets, buy zone and stop loss is in the Premium
Long
by Skyrexio
1
USDCNY Daily tf analysis.This analysis takes a quick look at the USDCNY on a Daily tf chart. The points noted on the chart are discussed below: (1) Major bearish trendline in the USDCNY (in color blue) that has been active since ~January 04, 2018 and was successfully tested on July 3, 2017. (2) This region marks indicates where the USDCNY is expected to find resistance on a breakout above the major trendline. This region is indicated by the price labels as ~ between $6.84 and $6.80. (3) This is the resistance area that coincides with the major trendline i.e. (1) above. The implication of both is that it indicates stronger resistance than (2) above. (3) is present between ~$6.72 and $6.67. (4) Support region between ~$6.57 and $6.53 that is expected to provide a bullish momentum upwards in price action. A break below this region is expected to see price reach between ~$6.48 and $6.44 as indicated by (5) in the chart. (6) This is the MACD with only the MACD line (blue) and signal line (orange) color shown here. Both indicate a bullish bias for the USDCNY. However, price at the trendline (1) and resistance area (2) above do suggest waiting to see what happens at the resistance area before taking further action.
by Coin_Analyst
XMRUSD possible scenario for thre next days/weeksBest case scenario: The price continues going down to make a double bottom, deeper down than the last low (Daily Chart) but not too much deeper. A bullish divergence appears on RSI. The bollinger bands are already constricting, showing that something big is coming, normally we don't know in which direction but look at the RSI oversold peak and compare to the other times when RSI was oversold. I'm expecting a reversal of the downtrend. I would enter long if the double bottom forms and the divergence appears. Please note that this is not intended as an investment advice. I post this basically for myself. I'm a beginner learning Technical Analysis. Thanks. If you disagree with anything I would be happy to read your comment and learn from you.
BITFINEX:XMRUSDLong
by DraNadita
1
ICX Possible Bear Trend Reversal Time?Our old friend ICX has been in a rather depressing downward spiral over the past week as it struggles to find a bottom. However, that time may have come. Couple of cues: 1) Double bottomed and bounced off the .382 fib retracement on the 2hr....typically a strong indicator of possible reversal and new impulse wave up. 2) Bullish divergence 3) Apparent attempted breakout of the descending wedge line 4) Last time RSI and Macd were at these levels history was very kind to this coin I have a feeling this may be a great time for entry for a possible short-medium term swing trade. Stop loss will want to be placed at or slightly below the .382 fib support. Verge just recently broke out, and I believe ICX's time is incoming. Good luck and happy trading.
Long
by ninjacookies
BTC double bottom, bulls stronger!Dear Crypto friends, after some accumulation on the past days, BTC is coming back from mud and is building a very nice double bottom with bullish divergence and a RSI under bought. This is the perfect scenario to reach 8.6 - 8.8k during the next period, through an ABC wave movement. We are still in a bearish downtrend and therefore play low leverage and be safe with stop losses set below the support line. Stay tuned and like, share comment if you enjoyed the TA. *this is just my opinion I'm not a professional advisor! Make your choices wisely and manage your risks!
BITFINEX:BTCUSDLong
by thegio