#setups #PowellRemarks #FOMCMeeting #IfYouAreNewToBinance
🪙 1. Bitcoin (BTC) — Classic “W‑Bottom” Bounce
Technical legend John Bollinger spotted a W‑shaped double bottom in weekly BTC, with two troughs near $74K–76K, both touching the lower BB academy.binance.com+15coinsurges.com+15cointribune.com+15.
Price is hovering at the lower band (~$77K), signaling oversold conditions and potential reversal academy.binance.com+2reddit.com+2academy.binance.com+2.
Key level to watch: a break above the $90K swing high would confirm the bottom and likely trigger a sharp bounce.
🎯 Strategy: Position near the $74K–77K range with tight stops below $74K. Target a retest of $90K+.
🪙 2. Ethereum (ETH) — Double Bottom Confirming Oversold
ETH formed a double bottom at ~$2,845–$2,850 in mid‑February .
Now trading near the lower Bollinger Band, momentum and volume patterns suggest a setup for a rebound .
Confirmation would come with a move through resistance at $3,000, possibly pushing toward $3,200 .
🎯 Strategy: Buy near $2.85K, stop loss ~3–5% below. Target first move to $3K, then $3.2K.
🪙 3. Cardano (ADA) — Oversold + Lower BB Bounce
ADA recently hit RSI 28 and is hugging the lower Bollinger Band ($0.5537), indicating deep oversold conditions binance.com.
This mirrors a “double bottom” setup, with historical propensity to rebound after similar conditions (~68% success) reddit.com+9binance.com+9reddit.com+9.
Suggested entry ~$0.58, stop 3% under BB ($0.55), targeting $0.657 reddit.com+5binance.com+5binance.com+5.
🎯 Strategy: Light entry near $0.58, tight 3% stop, target ~$0.66.
🧠 Bonus Insight: Bollinger Bands & Oversold Strategy
When prices touch the lower BB and form a double bottom across distinct lows, it's a strong pattern echoed by Bollinger himself as a setup for bullish reversals binance.com+6cointribune.com+6cryptorank.io+6.
Confirmation comes via either:
Price breaking above middle BB (20-SMA)
A retest of swing highs (BTC’s $90K, ETH’s $3K, ADA’s $0.657)
📋 Quick Snapshot of Current Buying Zones
CoinSetupBuy Zone
Stop-LossTarget
BTCW‑bottom + Lower BB$74K–77K<$74K$90K+
ETHDouble bottom + Lower BB~$2.85K3–5% below$3K → $3.2
KADAOversold + Lower BB~$0.58~ $0.55~$0.657
🔧 Strategy for Traders
Small positions initially — these are still bearish markets
Use limit orders near support zones to get your price
Adjust stops dynamically below recent lows
Scale out gradually as targets are met or confirmation arises
✅ Final Takeaway
BTC, ETH, and ADA are all blessed with classic double‑bottoms near the lower Bollinger Band—a confluence that historically sets up powerful reversals. Entry at these zones offers favorable risk/reward trades for both swing and mid-term setups.
$BTC
$WCT