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Triplebottom

BTC Triple Bottom Extremlly BulishhhThe triple bottom chart pattern typically follows a prolonged downtrend where bears are in control of the market. While the first bottom could simply be normal price movement, the second bottom is indicative of the bulls gaining momentum and preparing for a possible reversal. The third bottom indicates that there's strong support in place and bears may capitulate when the price breaks through resistance levels. There are a few rules that are commonly used to qualify triple bottoms: There should be an existing downtrend in place before the pattern occurs. The three lows should be roughly equal in price and spaced out from each other. While BTC price doesn't have to be exactly equal, it should be reasonably close to the same price, such that a trend line is horizontal. The volume should drop throughout the pattern in a sign that bears are losing strength, while bullish volume should increase as the price breaks through the final resistance. Just my opinion do your own research ................Not finacial advise
by nadjib
1
USDJPY POSSIBLE UPWARD MOMENTUM!This Trend/Chart analysis was done on 1 day (Daily) Time Frame were we can see Dollar (USD) having a nice strength over Yen (JPY) if talking about longer time frame point of view. We know it did pullback yesterday on nyu session like 30 pips but that might not much affected to position trader (holding deep down ) rather then a scalper (might got tough to decide fast). It might be a false breakout yesterday cause today $ is totally back again on the track and still on London session $ is kicking ass of yen! Here on my chart there are some simple analysis on exponential moving average (EMA),Symmetrical Triangle,Support/Resistance and Triple Bottom (Reversal). 10 day EMA is already crossing over 60 and 180 longer EMA and trying to show us a golden crossover. Price are inside the Symmetrical Triangleand we can see that last time Triple bottom didn't able to make a reversal and finally after this nice pullback it seems like a false breakout for long term trend where price weren't total bear and moved back again inside our symmetrical triangle. Now the main thing is here if only the uncompleted task of triple top last time is possible now then our price will act as the black line with green tick sign boom! USDJPY
Long
by Anatta0
LTC/USD Another Critical Point This WeekIf you read my last TA, we did see the bounce over the weekend, but we didn't quite drop to the double bottom line (in red) before the bounce to the 121 level. On Monday morning the bears took over and sold us back down to the 112-114 level, and consolidation has resumed forming another bear flag. We've got some critical points of interest this week. If we drop out of the bear flag, we will most likely see resistance again in the 110 range. As a bagholder, I personally DON'T want to breakthrough this line of resistance, but IF we do...I'll be looking to pick up some coins at the bottom of the downtrend around 100+. Breaking through the resistance line would not be good for LTC HODLers. It would signal a continuation of the downtrend with next level of support at 0 Fib line (approx 95)from December ATH (narrow blue line). After that, it could be very ugly. What I'm hoping for is a bounce into the upper half of the downchannel with 135 as a target. This was a previous bottom on March 18th. If we somehow could get a moon run and pass this level...we could finally clear the downchannel. If you look above at the black triangle, this was the symmetrical triangle from ATH and bottoms we were hoping to stay in with 4/15 as a decision time. Obviously LTC blasted out of the triangle on the down side on 3/26 after the Litepay fail selloff, and of course we are mirroring BTC as well. I kept the triangle on the chart just as a reminder that April 15th could still be a significant time if we somehow see bull activity. I'm not buying at current level, but watching the bear flag movement in case it drops to 100 for some weekly trade opportunities while hoping we can get on an upward trend. This is only an idea and should not be considered investment advice. I continue to believe in Litecoin even though it could be a long time before adoption. It's been difficult to watch this coin be continuously suppressed, and I feel LTC has a very good chance of surviving the overall crypto market meltdown. Good luck, and keep some fiat for buying opportunities.
COINBASE:LTCUSD
by GeorgeChart
LTC/USD Trade Opportunity WeekendUsing the 1 hr. charts, we may have an opportunity to trade LTC this weekend. Over the past week we saw a major bounce from a double bottom which was BELOW the downchannel (in pink). My guess is the double bottom was in part due to the Litepay fail on March 26 along with ensuing FUD..and of course BTC. After the bounce to 135 level, another drop to the lower half of the downchannel occurred. As we enter Friday morning, we saw a decent volume of consolidation in the 117-120 range yesterday, and this created what appears to be another bear flag. Generally speaking, recent patterns have shown drops after the bear flag. Keeping an eye on the movement today, and considering buy signal just above 110 (1st red line) where there is approx 5K support showing on the book, but save some FIAT for a larger drop. This would also create a triple bottom which could trigger another bounce in the next few days. If you buy and aren't staring at the charts, consider a stop loss in case we see additional drop to 106 range (Feb 6 bottom) or even 100 (10K current support on book). It's unfortunate that the suppression and the downtrend channel continues. It's hard to bring in new investors during a long term (in crytp) correction, but these bottoms have been showing bounces along the way...so trading opportunities continue along the way. There's nothing wrong with buying at 100-110 and selling around 117-120. Just gotta protect yourself by buying low, saving fiat for buying lower, and selling smart. Overall, I still believe cryptocurrency has a bright future, I just don't know when upward momentum will occur. We're a loooong way from ATH, and we've got a long way to go to zero. There seems to be more overall acceptance that crypto is here to stay, and recent index fund announcements could eventually start bringing in the much needed buyers to turn this ship around. This is not investment advice. This is an idea. Be careful and do your own research.
COINBASE:LTCUSDLong
by GeorgeChart
$DASH, Falling wedge at the historical support zone.Here is a trade that can put us right into retirement. I really can't say much around here but what I can say that this looks good right now. And if I will to follow the book I'm currently reading (Encyclopedia of Chart Patterns), we can get at least 100% to as the falling wedge target and 130% for the triple bottom. Now, I am not the guy who will wait for the confirmation, I will just buy at the bottom and hope for the best. If you ask me, you don't really need those confirmations. Just buy at the bottom and hope for the best. Again, the only thing I can say to this is this is very bullish. RSI is oversold, nearing support levels (which when touched increases the price by 100% historically). At the very least, if I were correct. We can get at least 30% from this trade assuming that the 55 Daily EMA will resist it and kill it. and if it punched through it, we can see at least 50 - 80% For the stop loss, It's up to you, just put it below the first bottom and I believe it will play out well. I have mine very generously. Tip: Buy as soon as the falling wedge breaks out. Throwback "may" happen but it will hit the support zone and I think it's pretty much safe.
Long
by raizumaraiz
1
CLOAK/BTC Triple bottom & following BTC + Binance Listing soon!Hey all, CLOAK might be a good one to watch while BTC -0.34% is on it's way up. It is closely following BTC/USD movements currently so could be some nice gains here. Not to mention the rumours of it being listed on Binance this week which could take this to the moon. -Broke out of down trend (green) will still need to close above to confirm trade though. -Triple bottomed and is bouncing of the 78.6 Fibs line which seems to be a strong support there which is a good signal. -MACD looks like it is about to cross over. -RSI is sitting around 60 so there still room to move upward from here. -Volume also coming in Lots of bullish signals here Have added in my targets also :)
CLong
by Mayhem88
Possible Triple Bottom Reversal BTC vs Bearish MACDWe have a possible triple bottom forming around the 8400 mark, with a bearish MACD cross happening as we speak iwe could fall through this support and head down to the next support around 7550. However, there is a small chance we could bounce off the triple bottom support and start a reversal pattern, as you can see BTC is very over sold at this point and we could see a bounce in the bulls favour. *8400 is a very important moment for BTC
BITFINEX:BTCUSD
by AstonCWP
2