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Double Top

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 : ) --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- If you enjoyed this post and agree with me, a like and a sub would be very nice : ) If you have any other ideas or simply disagree, manifest yourself in the comments ⬇️⬇️⬇️ Stay updated for more content Have a nice Day : ) Bye! ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
BITSTAMP:BTCUSDLong
by xtekky
KSM Big SupportKSM is testing the Neckline of a massive Double Top from a year ago, which makes it a very strong Support channel. A few targets within the weak descending channel: Target #1 = 165 Target #2 = 161 Target #3 = 158 Target #4 = 156 SUPPORT DAILY = 156 to 141 Once KSM reaches the Support Daily/Neckline, watch out for turbulence. I'll consider entering after it breaks down the Neckline. If this thesis holds, KSM will be in freefall. This is my Thesis, targets are purely hypothetical based on my analysis. This is NOT Investment and/or Trading Advice. Happy Trades! ❤️ If you enjoy my ideas , Please like/comment , It means a lot, Thank You! ❤️ HUOBI:KSMUSDT BINANCE:KSMUSDT FTX:KSMPERP BYBIT:KSMUSDT
Short
by WhoIsWu
2
We Predicted Gold To Reach 1810.5 – It Did! Now What?Well, it happened. Gold bounced off previous support around 1783 and rallied up to the 1810.5 levels. We mentioned that this could be a possible long play a few days ago. The question is, now that it happened. What’s next? We are looking at the 4-Hour chart. We do have a trend line supporting price up to the 1810.5 level, and as we can see, it did treat that level as new resistance now. So, could we be expecting a move back down to support? Or is this rally strong enough to break through the 1810.5 level and carry on pushing up? Let’s break it down and see if there’s anything potentially setting up. We see that that trend line supported gold up to resistance at 1810.5, and the price did bounce off it. Currently, the trend line is supporting price. Could we see a squeeze to the upside? We have partial divergence on the two most recent peaks. This is shown on the MACD Histogram. We also have volume sloping downwards, indicating a move soon. I have marked up a liquidity zone in yellow on the chart. Suppose we have a clear, strong impulse moving below and closing below the liquidity zone. In that case, we could look for a short setup using the liquidity zone as a Double Top neck zone and look for an entry targeting the 1783 support level. If we break 1810.5 clearly and impulsively move up, I would hesitate to long right away as fake-outs are always possible. So, let’s keep an eye on this, and should any 4-hour moves present themselves, I will most definitely post about it, and hopefully, we will be able to catch a nice move. Currently, it feels like we’re surfers in the ocean just waiting patiently, not rushing, to catch that perfect wave. Trading isn’t perfect, and neither is surfing. So whichever wave we do end up taking, we have to make sure that we are riding it or attempting to ride it for the right reasons; otherwise, we know what happens – wipeout! Trade safe traders
OANDA:XAUUSD
by TheVortexTrader
USDT.D Final Double top before bulls rally Relation b/w USDT.D AND Crypto is inversely proportional. USDT.D rise then crypto fall and crypto rise when USDT.D fall. So here we are waiting for a double top formation like the previous one before the bulls rally in the crypto market. So be ready to buy crypto for long term when USDT.D touches 5.24 %. Case 1: Price goes to 5.24 % from here and then reverse. OR Case 2: Price goes to 4.25 % first then bounce to 5.24% to form a double top pattern and then reverse to the lowest 2.57 %
CRYPTOCAP:USDT.DShort
by monish06
KOG - BASIC CHART PATTERNSThis is our first post in a series of posts about chart patterns. Followers of KOG will know we are technical traders so we are always looking out for candlestick and chart patterns as part of our trading plans and analyses. These are what we feel the 6 most common and basic chart patterns that you will find almost daily on the smaller time frames. During the course of this series we will look at each and everyone in more detail and give you live examples of how they work. TIP: When trading chart patterns its always best to wait for the neckline of the pattern to break, this confirms the movement in the chosen direction. Chart patters also work best at key levels of support and resistance and at the top or bottom of trends. For example, if you see the price is at the top of the trend and a Head and Shoulders pattern is forming, this is the first sign of a reversal on price. Below is a live example of one of our favorite chart patterns, the Adam and Eve. You can see how we identified the pattern and looked for the neckline to break which confirmed the movement in the direction we wanted. Hope this helps traders. As always, trade safe. KOG
TVC:USOILEducation
by KnightsofGold
8
BITCOIN Potential Double Top!Good evening everyone! 😃 This is way too early to call obviously, but there is definitely potential that this double top comes in as the bulls are running out of steam here after getting rejected just below 39k a couple of times over a period of four days. Everything you need to know is in this 4h BTCUSDT chart, and some larger time frames you can find here below👇 in my latest video🎬: I would like to add that this is only for educational purpose and in no way a guarantee that it will play out this way, nor is this or are any of my posts financial advice. Thanks for stopping by, I hope you liked my post, and if you did, please drop a like or comment, it helps me to improve my ideas and puts a smile on my face! 😃🙏 Happy trading! ✌📈
Short
by DeFeye
12
USDJPY possible reversalDaily TF - Market has been moving in an ascending channel since Jan 2021 4H TF - It is forming a ascending channel and it has recently done a double bottom and moved impulsively to the up side. 1Hr TF - After the impulsive move to the upside market formed an ascending channel that touched a previous level forming a double top and consequently moved impulsively down breaking the ascending channel, now correcting and possibly continue further down at the break of the current correction. This goes in confluence with the dollar index analysis.
Short
by GonzeeTrading
Bitcoin Analysis Must SeeBitcoin was moving in this channel since mid of 2020, it formed a Double Top Pattern on the weekly chart , there is two scenarios first one if price did not close below 28k weekly we will have a bounce in price to levels of 40k,50k,60k this year . second one price will close below 28k weekly and broke the pattern neckline then price will visit 23k , 18k areas. I am so bullish on Bitcoin This year especially after this dip from 40k levels this is my point of view share with me yours
Long
by Tradewithmoe
1
bitcoin weekly analysishey traders , checks out my last price action analysis and wish you the best if we look at the high time frame at the BITCOIN chart , we can see the monthly and weekly double top pattern so clearly and i highlight that area for you guys aswell , now lets talk about a big bullish channel , look how beautiful price touches the midline channel and make a double top pattern after that touch , banggggg the price falling down ;) we have a 30k $ price action support area if price breaks out this area VALID , the next support area as i highlight is 20k$ and the bottom of this channel is around this prices and the most powerful support zone for bitcoin in the monthly and weekly chart as i highlight which is a zone , is around the (12k - 14k ) $ price
INDEX:BTCUSD
by hossein_rf
ETHEREUM (ETH) DOUBLE TOP (SCENARIO 2/2)THIS IS SCENARIO 2/2 If ethereum completes a double-top/M pattern, it will probably fall below the 2k range. ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- If you enjoyed this post and agree with me, a like and a sub would be very nice : ) If you have any other ideas or simply disagree, manifest yourself in the comments ⬇️⬇️⬇️ Stay updated for more content Have a nice Day : ) Bye! -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Short
by xtekky
EUR/USD: Various factors that will drag it closer to parityHello, everyone! Global view on EUR/USD. It will sink to 1.10 and here is why: 1) Fed meeting results will make dollar king again 2) Daily Double-top formation is not finished yet 3) Bearish flag breakout 4) Same pattern after Fed meeting at November. Consolidation before the meeting, retest of a trendline and breakout after. EUR/USD is very sensible to round numbers, so first target is 1.11 and after its breakout we can see Double-top target reached. The trade is mediun-term, so I reccomend to put SL above the trendline.
Short
by SA_investing