Get started

Bounce

Opportunity to Sell GBPNZD's Dead Cat Bounce The GBPNZD pair appears to be forming a new Dead Cat Bounce pattern, which typically signifies likely bearish reversals. An opportunity to sell around 1.94500 (previous swing high) may emerge, provided that the price rebounds from the 50-day MA (in green) and 100-day MA (in blue) for a second time. It did the same during the establishment of the first Dead Cat Bounce. If the price breaks down below the support at 1.92000, then the subsequent dropdown will likely test the psychologically significant support level at 1.90000. New Zealand's CPI numbers and UK's unemployment data, both scheduled for publication on Tuesday, are likely to cause heightened volatility. This could serve as the catalyst for the expected bearish reversal.
Short
by Trendsharks
BTC bounce soon at crucial support?BTC is currently holding at some rather crucial support from the long term trend (white line). On the positive side, support has not definitively broken on price nor RSI, so very well might bounce (although it is right at the precipice, so there is understandable concern here). There is also still the possibility that this is still just retracement at the 61.8% Fibonacci level from the latest uptrend. Additionally, if a bounce occurs here, there is a possibility it could head upward into an inverse head and shoulders (green triangles) and further head upward. On the less positive side, since this is the 61.8% Fibonacci retracement, even an increase upward has the potential to hit a new all-time high but looks very close to a three-drive bearish pattern as well. Additionally, MACD is heading the negative direction as well so it well might continue. And of course, this support line is so crucial such that such a break could easily send the price into a longer term bearish trend that can last for some time now. There are possibilities that this could be a result of the PI Indicator or ALT season causing FOMO at max pain (for example, thanks to DOGE), but I would be somewhat surprised that the fall here would come without as many heavy handed indicators into oversold territory as well as the fact that this is not a flash crash, but it is quite possible that such a crash could occur soon (particularly if stops soon trigger). Although things looks fairly scary right now, I feel there are so many positive trends needing to continue on alts that this very well could possibly be a retracement and bounce soon (until the trend shows otherwise). However, I would still suggest to never take my opinion as advice (both now or ever) as I could easily be wrong. But if you strongly feel otherwise, I would love to hear your thoughts, so please like this article if you agree or leave a comment as to why if you don't. Either way, this looks like a very crucial point to watch if a downward trend continues from here, as it might take a while to recover if that is the case and might propel the price near crash levels.
BITSTAMP:BTCUSDLong
by crypto_trends
1
S&P Short Idea. 4H/15Min.Looking for weakness in the S&P to end the weak. It's been a rough week for me, but on a paper account I can afford to keep firing away and molding my strategy. Fib levels: mostly just to have something to draw on the chart. I think most of us can tell without lines when price has retraced 50%, 75%, etc... RSI: I'm still sussing out for if it is actually useful. Stochastic: still sussing out. I do feel more confident when I see the crossovers, however, I know a lot of overconfident men... and women... MACD: I was hoping it would show me some down momentum on the horizon, but it is actually showing me the opposite. EMA: 200. slight downward tilt, giving me weakly bearish ideas. Great place to be short, but maybe this retrace has something behind it... that's the question we live and die on though, so... lets find out... *Side Note: Making these workups is really helping my entry prices. Kind of like I'm getting paid to do them *insert laugh*. I'd love to be saying that in the near future.
CME_MINI:ESM2021Short
by emehoke
Waiting below previous month ath 58350Clear bounce from 58350. Price has been set stop. I set buy limit around the top of the volume profile : 56500. And another limit on purple trend line and FIBO 0.618 zone 54620 because these prices are true support in the main trend. But we still have to think about possible decline even lower and therefore do not buy for much % of account. RSI 63. neutral level Both side of positions longs and shorts keep increasing at same time.Which hold BTC in uptrend. if the price closes 1H/4H above 58350 possible add % too. Inform where you purchase and why, we can solve it :D
BITSTAMP:BTCUSDLong
by Exly11
DSS possibly bouncing off MA 20 and Key support. $DSS This is what I'm seeing For this week. It's bouncing off two things. 1. Support from initial gap down (after offerings) 2. Support on Daily MA 20. Second time meeting it since offerings gap. Notice the first time it went below MA 20, it gapped way down in Feb. Need a bounce today to show strength. 3. RSI is at about 45. A turn up today would be a perfect play with enough space before becoming overbought. 4. Cup and handle. Possibly bullish but I think it depends on how we perform today and tomorrow. 5. Earnings on Wed. If neither of these things hold this stock up, will need to re-evaluate. Let me know what you see. AMEX:DSS
AMEX:DSSLong
by Rook_
Calling GTN ReversalGTN is a broadcasting company that recently took a stake in a sports & gaming company, Envy Gaming. This fast growing sports & gaming company will propel Gray Televisions growth, making it a good long term hold given their current market position already (#1 ranked due to show holdings and licenses by market entities) - this one loves the 50EMA a lot, as long as it holds 18.9, doesn't break 18.4, expecting this to rally back up to the 20s - take profit at 20.4, 20.8 for a good 5:1 R/R
NYSE:GTNLong
by Samirp01
GBPUSD: Bulls Time !On GBPUSD, following the negative CPI impact, price went downward to reach a critical support zone, so what are the possible scenarios here: 1- Rebounce Back: Price hit the 1.37 level near the support area and also a long-respected trendline as it was trading inside a channel, so the price can jump back bullishly to target previous highs. 2- Dive Inside: Price can go inside the support zone with a fake-breakout of the channel for a couple of hours/days and bounce back and here we move again into the first option (1). Long is our clearest view for now, Trade Safe and Best of Luck ! MacroForex
Long
by Therealsmaira
2
Will BTC go sideways from here?Here's a quick look at BTC daily chart. As we can see, the price broke down from the rising channel and went all the way down to 53k where we found some support and bounced. The price is right now forming a new falling channel, and if the price somehow manages to break it to the upside, we are then going to new ATH for sure. There's bullish divergences to be found on the lower TF's that indicates a bounce from these levels. If BTC goes sideways for some time now, and decides to oscillate in the falling channel, then the alts will get some room to run. Alt season is near :) Follow me for daily profitable trading setups BTC dictates the market. If BTC falls, then Alts will fall as well. BTC needs to get stable before alts can run. Trade safe!
by MBM_Crypto
#Bitcoin: Where are we going now?!We broke out from the consolidation zone YAY, but where are we heading next?? In short term, I suspect $60820 is our final destination before another push down to liquid those high lev nerds. And in long term (which could be as near as next weekend), base on the Fibonacci extension , my targets are $62600 and $65152 . Remember that these prices are not accurate on every exchange If you are looking for a retest and another buying opportunity, then try the green box that I draw on the chart. cheers
BITSTAMP:BTCUSD
by CryptoSep