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$SHIB – Double Top Breakdown, Bears Taking Over
$SHIB formed a clear double top around the $0.00001195 zone and failed to hold key support at $0.00001172. The breakdown signals strong bearish pressure with lower highs and increasing seller momentum.
Why It Works: Classic double top breakdown with support flip, volume shift confirms bearish strength.
Trade Short Here on $SHIB
#SHIBUSDT #CryptoSignal #BinanceShort #DoubleTop #SHIBTrade
$SHIB formed a clear double top around the $0.00001195 zone and failed to hold key support at $0.00001172. The breakdown signals strong bearish pressure with lower highs and increasing seller momentum.
Why It Works: Classic double top breakdown with support flip, volume shift confirms bearish strength.
Trade Short Here on $SHIB
#SHIBUSDT #CryptoSignal #BinanceShort #DoubleTop #SHIBTrade
Probably the last time we will see Polkadot trading at its current price
$DOT #Polkadot #bullish #DoubleTop 🚀
$DOT #Polkadot #bullish #DoubleTop 🚀
🔔🔔!! 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
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Why Can the Double Pattern Be a Strong Signal?"
Brief Content:
A double bottom indicates potential bullish reversal, while a double top indicates potential bearish reversal. Pay attention to volume when the pattern forms. Experienced traders wait for confirmation of breakout or breakdown before entry. Perhaps your friends often miss this pattern?
#AnalisisTeknikal #DoubleBottom #DoubleTop #CryptoTips
Disclaimer: Technical patterns are not guarantees, combine with fundamental analysis.
Brief Content:
A double bottom indicates potential bullish reversal, while a double top indicates potential bearish reversal. Pay attention to volume when the pattern forms. Experienced traders wait for confirmation of breakout or breakdown before entry. Perhaps your friends often miss this pattern?
#AnalisisTeknikal #DoubleBottom #DoubleTop #CryptoTips
Disclaimer: Technical patterns are not guarantees, combine with fundamental analysis.
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
Hopefully, it’s a #DoubleTop on BTC Dominance.
#AltSeasonComing
Hopium 😷
Break the first box, then second box will be the target.
#AltSeasonComing
Hopium 😷
Break the first box, then second box will be the target.
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What is the 'Double Top' pattern ('M') and how to use it in trading?
What is the 'Double Top' pattern?
Паттерн двойной вершины is a technical analysis tool that indicates a reversal of an uptrend in cryptocurrency. It is easy to recognize on the chart: the price reaches approximately the same level twice but fails to break through this resistance level. Then the price starts to fall, and at this point, two peaks appear on the chart that resemble two mountains. As you can see, this is where the strategy's name comes from, as well as the 'M' symbol.
Паттерн двойной вершины is a technical analysis tool that indicates a reversal of an uptrend in cryptocurrency. It is easy to recognize on the chart: the price reaches approximately the same level twice but fails to break through this resistance level. Then the price starts to fall, and at this point, two peaks appear on the chart that resemble two mountains. As you can see, this is where the strategy's name comes from, as well as the 'M' symbol.
📉 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
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BITCOIN BLACK FRIDAY IS COMING!
Keep an eye out for news on cryptocurrency-focused portals on the following topics:
• Bitcoin Double Top
• US Interest Rates and their Impact on Bitcoin
The Bitcoin chart recently showed a double top pattern, a technical formation that historically suggests a possible price correction. Analysts speculate that the price could fall to the $75,000 range. However, it is important to note that the 200-day moving average often acts as a significant support. Many investors, including myself, use this reference as a strategic buying point.
Regarding interest rates in the United States, a Federal Reserve meeting is scheduled for the 29th of this month. On these occasions, especially during interest rate audits at the end of the month, Bitcoin tends to be volatile, either with drops or sideways movements.
Study the market, analyze the scenarios and avoid impulsive decisions. Remember: patience is essential in the investment universe. There is no need to rush – the market will be here tomorrow.
Finally, it is worth emphasizing: Bitcoin is not a casino. Invest wisely.
$BTC #DoubleTop
Keep an eye out for news on cryptocurrency-focused portals on the following topics:
• Bitcoin Double Top
• US Interest Rates and their Impact on Bitcoin
The Bitcoin chart recently showed a double top pattern, a technical formation that historically suggests a possible price correction. Analysts speculate that the price could fall to the $75,000 range. However, it is important to note that the 200-day moving average often acts as a significant support. Many investors, including myself, use this reference as a strategic buying point.
Regarding interest rates in the United States, a Federal Reserve meeting is scheduled for the 29th of this month. On these occasions, especially during interest rate audits at the end of the month, Bitcoin tends to be volatile, either with drops or sideways movements.
Study the market, analyze the scenarios and avoid impulsive decisions. Remember: patience is essential in the investment universe. There is no need to rush – the market will be here tomorrow.
Finally, it is worth emphasizing: Bitcoin is not a casino. Invest wisely.
$BTC #DoubleTop
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Of all the bloggers and gurus of this industry, I watch and read these analysts #криптогуру in the Telegram channel (he analyzes the purchase of whales for significant amounts $USDC $BTC $ETH and many other coins. And Gnata from the project #doubletop on YouTube or on Instagram. Minimum water, everyone a week of coin and market analysis beginners crypto portfolio for a month (not financial advice).
By the way, he started my interest in all this.
By the way, he started my interest in all this.
📉 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
🚨 Double Top Alert! Is Bitcoin About to Take a Dive? 📉
$BTC
Hey Binance Square fam! 👋 Let's talk Bitcoin! I've spotted a potentially HUGE pattern forming that could signal a major price drop 😱 - a Double Top!
What's a Double Top? 🤔
Think of it like a mountain with two peaks ⛰️⛰️. Bitcoin tried to break its All-Time High (ATH) resistance TWICE but got rejected both times. Now, it's hovering around a strong support zone near $92K. This could mean a Double Top is forming, a classic bearish reversal pattern.
(Check out the chart I've attached! 🧐 It clearly shows the two peaks and the crucial $92K support line, aka the "neckline")
Why Should You Care? ⚠️
If Bitcoin breaks below the $92K neckline, this Double Top pattern will be confirmed 💥. History tells us that this often leads to a significant price drop 📉, potentially as low as the areas indicated by the red arrows on the chart. Think of it like a balloon 🎈 losing air rapidly!
BUT... There's Always a "BUT" 😉
Don't panic just yet! 🧘♀️ If Bitcoin manages to break through the ATH resistance instead 💪, this bearish scenario is OFF the table! 🎉 We could even see a surge towards the next potential ATH targets I've marked on the chart 🚀. It's like the balloon suddenly finding a gust of wind to soar even higher! 🌬️
Here's the Plan! 💡
* Keep a close eye on the $92K support! 👀 This is the KEY level to watch.
* If it breaks down: Be prepared for a potential downturn. Consider your risk management strategies!
* If it breaks UP: Get ready for a potential bullish ride! 🎉 But remember, always trade responsibly.
Remember, I'm just sharing my analysis! This isn't financial advice. Always do your own research and make informed decisions.
What do YOU think? 🤔 Share your thoughts in the comments below! 👇 Let's discuss!
Smash that like button 👍 if you found this helpful! And don't forget to follow for more insightful crypto analysis! 😉
#Bitcoin #Crypto #Trading #DoubleTop #BinanceSquare #analysis▶️ #DYOR🚀🌕💰📈
Hey Binance Square fam! 👋 Let's talk Bitcoin! I've spotted a potentially HUGE pattern forming that could signal a major price drop 😱 - a Double Top!
What's a Double Top? 🤔
Think of it like a mountain with two peaks ⛰️⛰️. Bitcoin tried to break its All-Time High (ATH) resistance TWICE but got rejected both times. Now, it's hovering around a strong support zone near $92K. This could mean a Double Top is forming, a classic bearish reversal pattern.
(Check out the chart I've attached! 🧐 It clearly shows the two peaks and the crucial $92K support line, aka the "neckline")
Why Should You Care? ⚠️
If Bitcoin breaks below the $92K neckline, this Double Top pattern will be confirmed 💥. History tells us that this often leads to a significant price drop 📉, potentially as low as the areas indicated by the red arrows on the chart. Think of it like a balloon 🎈 losing air rapidly!
BUT... There's Always a "BUT" 😉
Don't panic just yet! 🧘♀️ If Bitcoin manages to break through the ATH resistance instead 💪, this bearish scenario is OFF the table! 🎉 We could even see a surge towards the next potential ATH targets I've marked on the chart 🚀. It's like the balloon suddenly finding a gust of wind to soar even higher! 🌬️
Here's the Plan! 💡
* Keep a close eye on the $92K support! 👀 This is the KEY level to watch.
* If it breaks down: Be prepared for a potential downturn. Consider your risk management strategies!
* If it breaks UP: Get ready for a potential bullish ride! 🎉 But remember, always trade responsibly.
Remember, I'm just sharing my analysis! This isn't financial advice. Always do your own research and make informed decisions.
What do YOU think? 🤔 Share your thoughts in the comments below! 👇 Let's discuss!
Smash that like button 👍 if you found this helpful! And don't forget to follow for more insightful crypto analysis! 😉
#Bitcoin #Crypto #Trading #DoubleTop #BinanceSquare #analysis▶️ #DYOR🚀🌕💰📈
🔍 STEEM Market Analysis – Hanging Man & Double Top Formation! ⚠️
🔹 STEEM/USDT Price: $0.1395
📊 Resistance Level: $0.1410
🛡 Support Level: $0.1377
⚠️ Market Signal: Hanging Man at Resistance + Double Top Pattern – Potential Reversal?
STEEM is trading near its resistance level of $0.1410, but two key bearish signals have emerged:
✅ A Hanging Man candle at resistance, indicating potential selling pressure.
✅ A Double Top pattern, a classic bearish reversal formation suggesting resistance is strong.
With these signals in place, if STEEM fails to break $0.1410, a downward move toward $0.1377 is likely. However, if it breaks above resistance, bullish momentum could continue.
🔍 Technical Outlook:
✅ A breakout above $0.1410 could invalidate the bearish setup and lead to further gains.
✅ Failure to break resistance might push STEEM back toward its support at $0.1377.
✅ Traders should watch for confirmation—if the next candles are bearish, a pullback is likely.
📌 Trading Strategy:
🔸 Bearish Scenario: A rejection from $0.1410 could lead to a downward move toward $0.1377 support.
🔸 Bullish Potential: If STEEM breaks above $0.1410, it may signal further upside.
🔸 Watchlist: Monitor volume and price action to confirm the next move.
📢 STEEM is at a critical level—will it break out or reverse? Stay alert!
#STEEM #CryptoMarket #TechnicalAnalysis #DoubleTop #TradingInsights
🔹 STEEM/USDT Price: $0.1395
📊 Resistance Level: $0.1410
🛡 Support Level: $0.1377
⚠️ Market Signal: Hanging Man at Resistance + Double Top Pattern – Potential Reversal?
STEEM is trading near its resistance level of $0.1410, but two key bearish signals have emerged:
✅ A Hanging Man candle at resistance, indicating potential selling pressure.
✅ A Double Top pattern, a classic bearish reversal formation suggesting resistance is strong.
With these signals in place, if STEEM fails to break $0.1410, a downward move toward $0.1377 is likely. However, if it breaks above resistance, bullish momentum could continue.
🔍 Technical Outlook:
✅ A breakout above $0.1410 could invalidate the bearish setup and lead to further gains.
✅ Failure to break resistance might push STEEM back toward its support at $0.1377.
✅ Traders should watch for confirmation—if the next candles are bearish, a pullback is likely.
📌 Trading Strategy:
🔸 Bearish Scenario: A rejection from $0.1410 could lead to a downward move toward $0.1377 support.
🔸 Bullish Potential: If STEEM breaks above $0.1410, it may signal further upside.
🔸 Watchlist: Monitor volume and price action to confirm the next move.
📢 STEEM is at a critical level—will it break out or reverse? Stay alert!
#STEEM #CryptoMarket #TechnicalAnalysis #DoubleTop #TradingInsights
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