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Bounce

BITCOIN CRASH TODAY?? - Bearish setupHey there, Please support this idea with your likes, follow me and comment down below what you think. Read the text on my chart for more information. Bitcoin has heavy resistance around the 30k level and eventhough I would normally not go short in a bull market, I initiated a short position. Risk to reward is just too good for shorting up here. I WILL BUY THE DIP THOUGH!. 20k is final imo. Think we can bounce already in the 21-22k level! Cheers, Konrad
BITMEX:BTCUSD.PShort
by EnlightenedTrading
1
SNGLS huge bounce to be expected after a ridiculous drop (400%+)SNGLS has seen an absolutely ridiculous drop in price in the past 6 months, dropping from 223 sats all the way to 13 sats (-94.2%). It currently has a tiny marketcap of around $2.4m. It is currently in a descending channel, approaching rockbottom. Once it bounces, it is going to be ridiculous in terms of percentages. A bounce to at least the previous support level of 75 sats is to be expected, which is 400% profit from the current price of 15 sats. It may go as low at 10 sats first though, so be wary of that and understand that you'll need hands of steel for this one if you plan to buy it at the current price like i did. Basically anywhere between 10 - 15 sats is the buying range. ATTENTION: VERY IMPORTANT There is no USDT or ETH pair available on Binance, so there is a massive spread when buying SNGLS as it's a low sat coin. This means that once you decide to enter, there is no immediate going back / changing your mind without taking a 7 - 8% loss. So be aware of this before you decide to enter. This is certainly not a trade for inexperienced / impatient traders, and it is extremely high risk high reward.
SLong
by jariii
1
BNB - Bearish Bat? Overbought? Potential Reversal! 40% long Q1!BNB is in an interesting spot, fundamentally speaking: who knows what's really going to happen to exchanges like Binance once the big regulations start hitting crypto now that it's entering the main, mainstream. Aside from that it has good fundamentals: it's used for decreased trading fees on the highest volume crypto exchange and you can stake it for passive income with Binance's push into the DeFi zone. Technically, it looks like we might be seeing a potential reversal short term, with a bearish bat fractal forming up as well as an overbought RSI right around fib .786. Decent buy volume, but not as big as the last spike. I'm looking for a potential entry for a long position around EMA 21/50, with targets marked up to $41 area in Q1 2021. Might Short down to that point on futures with an SL at fib 1.0, I haven't decided on that one yet. This is not financial advice
Long
by cryptosince1963
BZRX - Potential For a Bounce off EMA levels? 50%+ Gains?BZRX has seen a good bounce in recent weeks along with the rest of the defi sector. VERY bullish behaviour across the market. This is to be expected, mainstream investors are getting into crypto and DeFi is kind of like if you took mainstream investing, pumped it full of steroids and gave it a pound of crack. Anyway... RSI is currently looking on the oversold side. Volume is declining on the buy side. MACD posted a bullish cross but nothing to wright home about. Expect a retrace, probably to EMA levels on the chart. Good chance to open a long position here but see what happens when it get there. If it blows past the levels and closes there we might be in for a bit of a bear spell on the BZRX. If it holds steady it is going to reinforce the bull trend and it's an easy 50+ plus to the next target area. This isn't financial advice. But if it was it's free, so take that into consideration if you're going to complain.
BLong
by cryptosince1963
3
YFI - 4H - Potential Swing Trade Opportunity! 20%+YFI is throwing up an aggressive upward wedge with prices consolidating after bouncing off EMA 50 and resting now at EMA 21. Very Healthy signs for any chart. Should be a pretty simple bounce/ breakout play here. Opportunity for a 20% range trade potentially within the wedge. Indicators on this chart are all looking nice for further growth. Volume has dropped, good potential for a breakout from the wedge when we see a volume spike. Next targets are mapped. SL below the teal uptrend line if you're getting in on the bounce. Thanks for reading and have a great weekend. This isn't financial advice.
Long
by cryptosince1963
YFI - Bounced off the liquidity zone as expected - Retest soon?YFI on the 4H is looking short term bullish with a good bounce out of our historic liquidity area. As we can see in the past, this doesn't tend to be a one time deal, with at least one retest of the area before we move onward and upward. We're also testing the short term upward resistance, looking to breakout. I suspect we'll get another market shakeout at some point over the next few days that will lead us to retest the liquidity area, we'll likely bounce off a lower short term high first to form a consolidation wedge. Then on to the next targets.. Wait for the retest or breakout and play it accordingly. This isn't financial advice.
Long
by cryptosince1963
2
ETHEREUM EXPECTED TO BOUNCE BACK TO $568I believe the bottom is in for the correction that caused ETH to drop 22% In price. we shall start seeing the over sold bounce play on the the higher time frames. We should see an immediate bounce as the 4H Chart is in the overbought state with RSI bottoming out at 29. 21 Day EMA and 50 Day MA, will act as a small resistance at 541 on the way to complete this bullish rally which will complete somewhere between the 50 and .618 FIB Level.
BITFINEX:ETHUSDLong
by CryptoWhaleTrading
BTC - Big Bart, or Little Bart? BTC retraced as expected. Doesn't look super convincing on the bounce so I'd wait for it to post some actual volume or a good period of consolidation before putting out longs. If we move up watch how we act around the previous support level. If this turns heavy resistance expect more downside. Interestingly, looks like the whole pump up close to the ATH was a BART. If that is the case I'd expect more downside before the institutional money decides to re accumulate. Certainly doesn't seem like they are doing it yet, which makes me nervous this is a fake bounce. Like I said, wait for volume. This is not financial advice.
Long
by cryptosince1963
YFI - Testing A Key Support, Will History Repeat itself?YFI, everyone's favorite anomaly, is testing it's newly formed upward channel and the high liquidity area that has lead to multiple bounces in the past uptrend. MACD is still bullish, though weakening ever so slightly. priority is still up. RSI just left overbought, position is strong. This could potentially be a good opportunity to get in on the next leg up, lets see how it resolves this corner of the ascending channel. If we break the channel and support we're going back down to .236 fib area. If we can hold the channel it's an easy ride up.
by cryptosince1963
2
GBPAUD - Bullish Deep CrabWell, is rather rare for me to share my workings this way as I prefer clean chart, so bear with me on this. There's a bullish deep crab setup on the GBPAUD, the level that the setup end was at a Major Support Level, on the daily, 4-hourly and 1-hourly chart. The first target of the bullish deep crab pattern coincides with the assumed retracement level I was looking at, with RSI at the overbought area and other things, I've already engaged the trade.
Long
by RaynLim
ETH TESING THE LOW OF AN ACENDING CHANNEL: BULLISH SCENARIO🚀Ethereum is approaching a critical point in the ascending channel. Bouncing off this channel could result in beating the September highs of 0.04 btc. In case you’re looking for a possible entry, wait till the bounce has been confirmed. It has to close above the 0.03 resistance line before it can continue its rise to 0.04 and beyond. ................................................................................................................................................................... If you like this analysis, please like, subscribe and comment. ...................................................................................................................................................................
Long
by FieryTrading