doubletop
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🔔🔔!! NEW signal: FTM/USDT 🔔🔔
Leverage: 20x
Direction: SHORT 📉
Entry: 0.692-0.695
Stop: 0.72
TP1: 0.679 (25%)
TP2: 0.661 (25%)
TP3: 0.648 (25%)
TP4: 0.632 (25%)
FTM has broken both the bullish trendline and a strong support level, which was also the neckline of a former double top pattern. On the daily timeframe, a bearish divergence has formed on the RSI, signaling potential weakness. Given these technical signals, I expect the overall market to experience a correction before entering the next bullish cycle
#doubletop #corrections #FTMUSD
Leverage: 20x
Direction: SHORT 📉
Entry: 0.692-0.695
Stop: 0.72
TP1: 0.679 (25%)
TP2: 0.661 (25%)
TP3: 0.648 (25%)
TP4: 0.632 (25%)
FTM has broken both the bullish trendline and a strong support level, which was also the neckline of a former double top pattern. On the daily timeframe, a bearish divergence has formed on the RSI, signaling potential weakness. Given these technical signals, I expect the overall market to experience a correction before entering the next bullish cycle
#doubletop #corrections #FTMUSD
🔶 Golden Lion Trading | BTC/USDT Double Top Alert! 🔶
📊 BTC Price Analysis:
The Double Top Pattern has emerged on the BTC/USDT monthly chart! This is a classic bearish reversal signal, often indicating the end of an uptrend and the potential start of a downtrend.
What is a Double Top Pattern?
1️⃣ First Peak: BTC hits a strong resistance level ($99,588.01) and faces rejection.
2️⃣ Second Peak: It retests the same resistance level but fails to break through.
3️⃣ Breakdown: If the price breaks below the neckline support (around $71,336.91), a significant downtrend could follow.
Key Observations:
🔸 BTC is currently trading at $98,464, just shy of the resistance zone.
🔸 RSI is showing overbought conditions, hinting at potential selling pressure.
🔸 Watch for a neckline breakout to confirm the bearish trend!
💡 Trading Tip:
This pattern could offer lucrative opportunities for traders! Short positions may be favorable below the neckline, while buyers should proceed cautiously. Always use stop-loss to protect your capital.
📢 Stay Ahead of the Curve: Follow Golden Lion Trading for more insights, market updates, and accurate technical analysis! 🚀
#GoldenLionTrading #BTC #CryptoAnalysis #TechnicalPatterns #DoubleTop
📊 BTC Price Analysis:
The Double Top Pattern has emerged on the BTC/USDT monthly chart! This is a classic bearish reversal signal, often indicating the end of an uptrend and the potential start of a downtrend.
What is a Double Top Pattern?
1️⃣ First Peak: BTC hits a strong resistance level ($99,588.01) and faces rejection.
2️⃣ Second Peak: It retests the same resistance level but fails to break through.
3️⃣ Breakdown: If the price breaks below the neckline support (around $71,336.91), a significant downtrend could follow.
Key Observations:
🔸 BTC is currently trading at $98,464, just shy of the resistance zone.
🔸 RSI is showing overbought conditions, hinting at potential selling pressure.
🔸 Watch for a neckline breakout to confirm the bearish trend!
💡 Trading Tip:
This pattern could offer lucrative opportunities for traders! Short positions may be favorable below the neckline, while buyers should proceed cautiously. Always use stop-loss to protect your capital.
📢 Stay Ahead of the Curve: Follow Golden Lion Trading for more insights, market updates, and accurate technical analysis! 🚀
#GoldenLionTrading #BTC #CryptoAnalysis #TechnicalPatterns #DoubleTop
Aerousdt Double Top Formation: Is the Bullish Party Over?
🤔 Aerousdt has been making some impressive moves lately, but is this the beginning of a larger uptrend, or are we due for a correction? Let's dive into the details to figure it out.
Double Top Alert!
🚩 Aerousdt has formed a classic double top pattern near a strong resistance zone. This bearish signal suggests that a pullback to lower support levels is on the horizon.
Bullish Momentum Stalls
📈 Although Aerousdt has broken out of a long-term bearish trend, making higher highs and higher lows, the recent inability to close above the previous resistance level raises concerns about a potential reversal.
Key Support Levels to Watch
🛡️ Several crucial support zones, including the quarterly VWAP, align with Fibonacci retracement levels. The most significant support level to monitor is 1.017. A break below this level could invalidate the bullish structure and signal a bearish trend.
Upside Potential Remains
🚀 While a retracement is likely, the overall bullish trend isn't completely off the table. If Aerousdt bounces off support, it could potentially retest resistance levels around 2.223, with further targets at 2.49 and 2.92 if the bullish momentum reignites.
What to Watch For
👀 The immediate future of Aerousdt depends on whether the bulls can defend the critical support levels and reignite the bullish momentum.
Trading Tips
💎 Be patient and wait for confirmation at support zones before entering trades.
💎 Avoid chasing unconfirmed breakouts.
💎 Focus on high-probability setups and trade with discipline.
Remember, consistency is key! Treat the market with respect and trade with a clear strategy.
Stay tuned for more updates on Aerousdt and other exciting cryptocurrencies!
#Aerousdt #Cryptocurrency #Trading #Analysis #DoubleTop
Double Top Alert!
🚩 Aerousdt has formed a classic double top pattern near a strong resistance zone. This bearish signal suggests that a pullback to lower support levels is on the horizon.
Bullish Momentum Stalls
📈 Although Aerousdt has broken out of a long-term bearish trend, making higher highs and higher lows, the recent inability to close above the previous resistance level raises concerns about a potential reversal.
Key Support Levels to Watch
🛡️ Several crucial support zones, including the quarterly VWAP, align with Fibonacci retracement levels. The most significant support level to monitor is 1.017. A break below this level could invalidate the bullish structure and signal a bearish trend.
Upside Potential Remains
🚀 While a retracement is likely, the overall bullish trend isn't completely off the table. If Aerousdt bounces off support, it could potentially retest resistance levels around 2.223, with further targets at 2.49 and 2.92 if the bullish momentum reignites.
What to Watch For
👀 The immediate future of Aerousdt depends on whether the bulls can defend the critical support levels and reignite the bullish momentum.
Trading Tips
💎 Be patient and wait for confirmation at support zones before entering trades.
💎 Avoid chasing unconfirmed breakouts.
💎 Focus on high-probability setups and trade with discipline.
Remember, consistency is key! Treat the market with respect and trade with a clear strategy.
Stay tuned for more updates on Aerousdt and other exciting cryptocurrencies!
#Aerousdt #Cryptocurrency #Trading #Analysis #DoubleTop
📉 WILL BTC FALL TO $50k DUE TO DOUBLE TOP PATTERN?📉☠
Bitcoin has carved out a double-top pattern, a classic bearish signal, suggesting a potential downward correction. Key upcoming data could impact the Fed's interest rate decisions, influencing market trends.
💥 Volatile Price Action:
This month has seen Bitcoin's price surge near $70,000, approaching its all-time high from March, only to retreat to $63,000. This decline contrasts with Nasdaq's upward movement and is attributed to faster miner selling, investor profit-taking, and outflows from U.S.-listed spot ETFs.
📉 Double Top Formation:
The double-top pattern, characterized by two peaks with a valley in between, indicates uptrend exhaustion. Breaking below the valley's low point confirms a bearish trend. Markus Thielen from 10x Research noted, "Bitcoin follows a double top formation. This could see a drop to $50,000—if not $45,000."
📊 Potential Bullish Factors:
While the U.S. election and CPI might boost Bitcoin later this year, a steeper correction is still possible. The Fed's preferred inflation gauge, the PCE price index, due this Friday, could offer relief by cementing the case for renewed Fed rate cuts from September.
🔍 Economic Data Impact:
Recent strong economic data has pushed bond yields higher and precious metals lower, hindering digital hard assets like crypto. Greg Magadini from Amberdata emphasized, "This week, multiple Fed Governors speak, GDP figures, and most importantly, the PCE on Friday could significantly influence the market."
📈 Expected PCE Figures:
Economists anticipate no change in the PCE price index and a modest 0.1% increase in the core PCE, translating to 2.6% annual advances in both headline and core figures. The projected core increase, excluding food and energy, would be the smallest since March 2021.
Follow @Professor Mende - Bonuz Ecosystem Founder and stay updated on the matter!
#doubletop #markettrends #bitcoincrash #markettrends #cryptomarket
$BTC $ETH $BNB
Bitcoin has carved out a double-top pattern, a classic bearish signal, suggesting a potential downward correction. Key upcoming data could impact the Fed's interest rate decisions, influencing market trends.
💥 Volatile Price Action:
This month has seen Bitcoin's price surge near $70,000, approaching its all-time high from March, only to retreat to $63,000. This decline contrasts with Nasdaq's upward movement and is attributed to faster miner selling, investor profit-taking, and outflows from U.S.-listed spot ETFs.
📉 Double Top Formation:
The double-top pattern, characterized by two peaks with a valley in between, indicates uptrend exhaustion. Breaking below the valley's low point confirms a bearish trend. Markus Thielen from 10x Research noted, "Bitcoin follows a double top formation. This could see a drop to $50,000—if not $45,000."
📊 Potential Bullish Factors:
While the U.S. election and CPI might boost Bitcoin later this year, a steeper correction is still possible. The Fed's preferred inflation gauge, the PCE price index, due this Friday, could offer relief by cementing the case for renewed Fed rate cuts from September.
🔍 Economic Data Impact:
Recent strong economic data has pushed bond yields higher and precious metals lower, hindering digital hard assets like crypto. Greg Magadini from Amberdata emphasized, "This week, multiple Fed Governors speak, GDP figures, and most importantly, the PCE on Friday could significantly influence the market."
📈 Expected PCE Figures:
Economists anticipate no change in the PCE price index and a modest 0.1% increase in the core PCE, translating to 2.6% annual advances in both headline and core figures. The projected core increase, excluding food and energy, would be the smallest since March 2021.
Follow @Professor Mende - Bonuz Ecosystem Founder and stay updated on the matter!
#doubletop #markettrends #bitcoincrash #markettrends #cryptomarket
$BTC $ETH $BNB
З усіх блогерів та гуру цієї індустрії дивлюсь та читаю цих аналітиків #криптогуру в телеграм каналі( проводить аналіз покупки китів на значні суми $USDC $BTC $ETH і ще багато іншиз монет. Та Гната з проєкту #doubletop на ютубі чи в інсті. Мінімум води, кожен тиждень аналіз монет та ринку. Для новачків крипто портфель на місяць( не фінансова порада) .
Доречі з нього почалась моя цікавість до всього цього.
Доречі з нього почалась моя цікавість до всього цього.
📉 WILL BTC FALL TO $50k DUE TO DOUBLE TOP PATTERN?📉☠
Bitcoin has carved out a double-top pattern, a classic bearish signal, suggesting a potential downward correction. Key upcoming data could impact the Fed's interest rate decisions, influencing market trends.
💥 Volatile Price Action:
This month has seen Bitcoin's price surge near $70,000, approaching its all-time high from March, only to retreat to $63,000. This decline contrasts with Nasdaq's upward movement and is attributed to faster miner selling, investor profit-taking, and outflows from U.S.-listed spot ETFs.
📉 Double Top Formation:
The double-top pattern, characterized by two peaks with a valley in between, indicates uptrend exhaustion. Breaking below the valley's low point confirms a bearish trend. Markus Thielen from 10x Research noted, "Bitcoin follows a double top formation. This could see a drop to $50,000—if not $45,000."
📊 Potential Bullish Factors:
While the U.S. election and CPI might boost Bitcoin later this year, a steeper correction is still possible. The Fed's preferred inflation gauge, the PCE price index, due this Friday, could offer relief by cementing the case for renewed Fed rate cuts from September.
🔍 Economic Data Impact:
Recent strong economic data has pushed bond yields higher and precious metals lower, hindering digital hard assets like crypto. Greg Magadini from Amberdata emphasized, "This week, multiple Fed Governors speak, GDP figures, and most importantly, the PCE on Friday could significantly influence the market."
📈 Expected PCE Figures:
Economists anticipate no change in the PCE price index and a modest 0.1% increase in the core PCE, translating to 2.6% annual advances in both headline and core figures. The projected core increase, excluding food and energy, would be the smallest since March 2021.
Follow @Professor Mende - Founder of BONUZ Project - in Dubai UAE and stay updated on the matter
#doubletop #markettrends #bitcoincrash #markettrends #cryptomarket
$BTC
Bitcoin has carved out a double-top pattern, a classic bearish signal, suggesting a potential downward correction. Key upcoming data could impact the Fed's interest rate decisions, influencing market trends.
💥 Volatile Price Action:
This month has seen Bitcoin's price surge near $70,000, approaching its all-time high from March, only to retreat to $63,000. This decline contrasts with Nasdaq's upward movement and is attributed to faster miner selling, investor profit-taking, and outflows from U.S.-listed spot ETFs.
📉 Double Top Formation:
The double-top pattern, characterized by two peaks with a valley in between, indicates uptrend exhaustion. Breaking below the valley's low point confirms a bearish trend. Markus Thielen from 10x Research noted, "Bitcoin follows a double top formation. This could see a drop to $50,000—if not $45,000."
📊 Potential Bullish Factors:
While the U.S. election and CPI might boost Bitcoin later this year, a steeper correction is still possible. The Fed's preferred inflation gauge, the PCE price index, due this Friday, could offer relief by cementing the case for renewed Fed rate cuts from September.
🔍 Economic Data Impact:
Recent strong economic data has pushed bond yields higher and precious metals lower, hindering digital hard assets like crypto. Greg Magadini from Amberdata emphasized, "This week, multiple Fed Governors speak, GDP figures, and most importantly, the PCE on Friday could significantly influence the market."
📈 Expected PCE Figures:
Economists anticipate no change in the PCE price index and a modest 0.1% increase in the core PCE, translating to 2.6% annual advances in both headline and core figures. The projected core increase, excluding food and energy, would be the smallest since March 2021.
Follow @Professor Mende - Founder of BONUZ Project - in Dubai UAE and stay updated on the matter
#doubletop #markettrends #bitcoincrash #markettrends #cryptomarket
$BTC