Coinbase - Symmetry IICoinbase found support at the 5 Min MBB throughout the day. Approaching 2H 50 SMA with the UBB opening up above.
Bounce
Bitcoin 20K or 100K First?Hello all!
After a violent fall breaking key support & a strong trend line Bitcoin has shown us new trading opportunities. The bottom support trend line represents the final trend for the weekly time frame. Many found this fall to be a strong buying opportunity and look to an upside as long as support #1 and the weekly trend line holds. We can target the top of the resistance trend line around 70-80K. This trend line is also following the weekly 50MA acting as another support level.
However, always be aware of both sides of this trade if the support and trend line is broken we can see another violent fall as we just saw after the support & trend were broken. If we have another fall look for more buying opportunities at support numbers 2 & 3 for a strong bounce.
$PYPL - Demand Zone BelowI've been eyeing $PYPL for a while now and I think this week will make or break it.
Although we found support right above the demand zone at 179, I believe we may have a kiss more downside left in the tank. I want to see us get to the demand zone before scaling in a position.
If we see 175 and bounce, I'm a buyer. That being said, I will swap to puts if we break to the downside as we've got quite gap to fill below.
BTC ETH LTC: Dead Catch Bounce ScenarioHello friends, today you can review the 1H charts for Bitcoin (BTCUSD), Ethereum (ETHUSD) and Litecoin (LTCUSD).
#CryptoPickk notes the following:
1) As the entire crypto market fell drastically, the potential for a move upwards is very possible. In these scenarios, a Dead Cat Bounce Pattern is very possible.
2) For anyone that doesn't know what a Dead Cat Bounce it, please refer to the Investopedia article for further details: www.investopedia.com .
3) Using the Fibonacci Extension, taking the price from the drop start point to the drop end point, the 0.618 - 0.786 levels may be potentials for where the Dead Cat Bounce may happen and the price drops further from that point.
4) Remember one thing that has helped in trading: When a wick happens, the candle body close is surely to follow. Not financial advice of course. Do your own research.
What are your opinions on this?
If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments below.
Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis. Don't trade based on my advice. Do your own research! #cryptopickk
look like $hood will bounce herethats my idea for the next days in hood.
i will tp at fibo res zone. 0.38
ill try get this bounce from this downtrend.
Bull divergence/bounce1. Hourly rsi showing bullish divergence
2. Current support at 50% retracement since the run up from October low.
3. At every new low, the buying volume is increasing/showing more demand.
4. Maybe on Sunday futures open quick visit to 50% fib level, then bounce hopefully for start of the Santa Rally till the eoy.
Just my ideas
ALIBABA BOUNCE FROM TREND LINE Alibaba oversold - RSI is low, historically this has preceded growth.
P/E and P/B are low compared to other industry players and historically. Stochastic RSI was also down so tomorrow may be good for a buy.
Debt to equity ratio decreasing. despite a bit of increased dept from a few Quarters ago.
Let's see what the next few days bring, likely will open a buy position. I will update with TP levels.
Hope you enjoy the idea. Let me know what you think below, anything to add or that I miss?
Good day to you
$HXL Hexcel Corp Oversold & Ready to BounceThere's plenty of opportunity in the stock market today with lot's of good stocks being beat down to dramatically oversold areas, one of these is $HXL a carbon fiber maker for defense programs and a stock which has beat on 4 of it's last earnings releases. Technically speaking the stock is considerably below it's lower Buy Sell Band and 17.61% below it's 50 day MA making for a good risk/reward trade setup. On today's big down day it couldn't find much more than average volume indicating sellers may be close to exhaustion, a long play here back up to the 50 day MA looks ripe.
$YELP - Consistent Channel TradeI've been trading this ticker for a while now, simply due to how consistently it moves!
We've trading within this channel for nearly a month now, and after a brief slipup due to Omicron, bulls are back in control and we've started our ascent back towards the top of the channel.
We can consistently trade this name from the $35 low all the way up to $41 high, with the potential to reach up to $43. If you're entering with options, make sure you give yourself ample time as YELP is a slow mover, and you don't want theta to punish you.
SOLANA Strong bullish confluence at 171Based on the more prominent parallel channels, fibo and supports, there appears to be a major confluence at 171 where you would expect a bullish bounce. This is only a prediction that may fail, please trade at your own risk.
Can btc hold the 200ma on h12 chart??The last time we held we had a 80% bounce looking for the same again buckle up looks like we getting the bullrun up and running again.
BTC breaking up ?BTC seems to be ready to move back up and perhaps it will be going after the 200ma. I would like to see more volume come in and if it can increase a bit I think we will see $57k pretty quick. NFY DYOR.
BITCOIN almost ready for the big up.. BOUNCE has just happened!BITCOIN almost ready for the big up.. BOUNCE has just happened! If you see the MFI indicator on daily, it reveals we have indeed bounced and at a local final bottom. Im expecting a dip to 55k one last time, (probably a wick) but expect a reversal. The Bounce has happened.
CRYPTO MARKETCAP TOTAL BOTTOMED - BOUNCE!Hey everyone
TOTAL Crypto marketcap looks like its bottomed out and is about to bounce soon!
Keep this support on my chart in mind. If we break down more downside is likely
Chance to Join EURAUD's Downtrend The downtrend of the EURAUD, which commenced following a reversal indicated by the Head and Shoulders pattern, looks poised to continue sliding lower. This was indicated by the recent Dead Cat Bounce from the 61.8 per cent Fibonacci retracement level at 1.57112.
The price action is now likely to head towards the previous swing low at 1.52680. This is part of the establishment of a broader 1-5 impulse wave pattern, as postulated by the Elliott Wave Theory.
Looking for double bottom at low tf Looks like we are sideways in range, i think we can form double bottom and bounce in next few days, let's see.
EURUSD - Multiple Indications for Bullish MovementSummary of indications:
Market @ weekly Support
Market ready to bounce up from daily Trendline Support
RSI Indicator is oversold
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Hi Traders!
The idea of this setup about our analysis, that the market is very likely to move up.
Therefore, here are some indications (other exists too):
Firstly, the market reached the weekly Support Level closely. It didn't touched it yet,
but is possible to move up. Be aware, that the market also could touch the Support first, before
it goes up.
The second thing is that the market is at the daily Trendline. This daily Trendline is descending, but
supporting and it got respected in the past too.
Another clue is that the RSI-Oscillator shows a very unsold stage from which it is coming back. The lowest
value of the RSI was around 20.
Our TP would be the next Resistance, which also confluences with the 50.0% Fibonacci Retracement.
If you have another point of view, something to add or anything to ask, feel free to do so!
Thanks and successful Trading :-)!
(****Take your own risk!*****)
Bounce & Breakout!!Money Makers!
BA has been trading nicely in an ascending channel. It recently bounced off the bottom of the channel and is now facing its next battle which is the trendline shown. There is a little consolidation right below the line, which leads me to believe that a breakout will happen soon. If it does indeed breakout we can expect a nice rise to retest the top of the channel. Let's see how this plays out.
Love it or hate it, hit that thumbs up and share your thoughts!
It's all about Market structure, Area of value, and Entry Trigger.
Don't trade with what you're not willing to lose. Safe Trading Calculate Your Risk/Reward & Collect!
This is not financial advice.
Laxmi organicChart is forming a Bullish Bat formation at 392
price should bounce 20% from 392 levels!
Bitcoin next feew weeks bounce to ath?I just will save this for later, not sure if gonna play out or not.
EURUSD Completed a Dead Cat Bounce Following the completion of a Dead Cat Bounce, which is a type of pattern that indicates strong bearish pressure, the price action of the EURUSD is currently pulling back to the 61.8 per cent Fibonacci retracement level at 1.15871 from bellow.
Once the pullback is completed, the broader downtrend would likely be extended lower towards the previous swing low (at 1.15250).
Is ADA about to explode?I couldn't ignore the ADAETH chart, that is showing IMO an impending ADA explosion for the upside, a great opportunity to hop in on a possible ADA rocket that could last couple weeks, with positive gains for ADA against ETH and BTC. Will see what happens.
TO BOUNCE OR NOT TO BOUNCE, THAT IS THE QUESTION..
Bounce still looks like it has some life in it, right?
Overall, the chart looks good. When crypto has a massive push, you can always count on it to consolidate. Unless it is something that is revolutionary, but even then it has to have a cooldown. Bounce looks like it is about to go. All the signs point to yes on my side, but of course, be cautious and make sure you have a strategy before you get in. Y'all have a good one, and happy Holloween.
