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Bounce

Direction Change or Resistance Bounce?!Looking more longterm on the 4 hourly candles we can see that we formed a doji candle indicating short term directional change within the market. We just recently touched a MAJOR resistance point of the market around the area of 5600, which ultimately could create a nice looking double top. Watch closely how the 4 hourly candle plays out because this was a huge rejection from 5600 in the time of writing this. If we fail to hold that resistance point and breakout of it, we may see a short term bull-run commencing... Personally, I still got my bearish sentiment here and I'm still holding strong my 5600 short position with a tight stop loss at 5689. I feel like we will bounce off the resistance here and develop further downside momentum, as the fundamentals with the coronavirus around aren't looking too good. Gold and the Cryptocurrency market failed to act as a hedge against the general economy as we saw investors start to withdraw their funds...The market is simply moving with the economical crisis at the moment, and as swing traders, it is our goal to catch those huge impulse waves in either direction. Keep in mind it is only Sunday today, and the volume within markets tends to be rather low. Monday on the other hand, will open up with quite a GAP!! I am looking forward for the week ahead of us, as the opportunities are limitless! :) This is NOT a financial advice, trade at your own risk!
BITMEX:BTCUSD.PShort
by Proszi
3
Bitcoin probable bounce at weekly 200MAHi, this is my second chart I've posted on Tradingview. I beeeeelieeeeeevee... Bitcoin could see a relief rally here at the weekly 200MA (5.5k BTCUSD). *Vol relatively average to past dumps volume data even though there's a giant spread. *Sitting at a candle cluster with high volume. *RSI at bounce downtrend range. What would be a safe way to get in on a long-term hold? A daily close above 6.15k-6.3k, basically. All you would be doing around these levels is scalping, if you didn't get in at 5.5k.
BITMEX:BTCUSD.PLong
by UnknownUnicorn6907330
LONG - ALGOPERP- Trading OpportunityBullish divergence 1h chart + double-bottom, low risk so is worth the shot. Entry: 0.0.2448 TP 1: 0.2626 SL: 0.2285 CryptoCue is not providing investment advice and is not taking subscribers’ personal circumstances into consideration when discussing investments. Investment involves a high degree of risk and should be considered only by persons who can afford to sustain a loss of their entire position. CryptoCue is not registered, licensed or authorized to provide investment advice and is simply providing an opinion, which is given without any liability or reliance whatsoever. The information contained here is not an offer or solicitation or recommendation or advice to buy, hold, or sell any security. CryptoCue makes no representation as to the completeness, accuracy or timeliness of the material provided and all information and opinions provided by CryptoCue are subject to change without notice and provided on a non-reliance basis and without acceptance of any liability or responsibility whatsoever or howsoever arising. You hereby irrevocably and unconditionally waive, release and discharge: (a) any and all accrued rights and/or benefits you may have against CryptoCue in respect of any opinion expressed or information conveyed by CryptoCue at any time; (b) any and all Claims you may have against CryptoCue arising out of any opinion expressed or information conveyed by CryptoCue at any time; (c) CryptoCue from all and any claims (whether actual or contingent and whether as an employee, office holder or in any other capacity whatsoever) including, without limitation, Claims you may have against CryptoCue arising out of any opinion expressed or information conveyed by CryptoCue at any time. ("Claims" shall include any action, proceeding, claim, demand, judgment or judgment sum of whatsoever nature or howsoever arising.) You hereby agree to indemnify and hold harmless CryptoCue in respect of any and all Losses paid, discharged, sustained or incurred by CryptoCue in the event of bringing any Claim against CryptoCue. (“Losses” shall include any and all liabilities, costs, expenses, damages, fines, impositions or losses (including but not limited to any direct, indirect or consequential losses, loss of profit, loss of earnings , loss of reputation and all interest, penalties and legal costs (calculated on a full indemnity basis) and all other reasonable professional costs and expenses and any associated value-added tax) of whatsoever nature and/or judgment sums (including interest thereon).
FTX:ALGOPERPLong
by ElMomento
$Spy’s next big moveRSI is coiling up after creating multiple bullish divergences. Normally, these bullish divergences are clear signs of an upwards move, but no telling how many more will form before the significant move up in price will come. In this case significant move is incoming tomorrow as the symmetrical triangle forms in RSI. I still think it finishes up by end of day tomorrow, but not before a shakeout in the morning. This strong support in the high 260s region is a good place to bounce. Overall, I look for a substantial bounce over the next few trading days, but I’ll look to short after for at least the next month because this downtrend is not over
AMEX:SPYShort
by Matewan3291
3
LONG - SONM - Trading OpportunityAnother support retest, looking that it won't spend much time here. Entry: 0.00000128 Target 1: 0.00000152 Target 2: 0.00000170 Target 3: 0.00000188 SL: 0.00000120 CryptoCue is not providing investment advice and is not taking subscribers’ personal circumstances into consideration when discussing investments. Investment involves a high degree of risk and should be considered only by persons who can afford to sustain a loss of their entire position. CryptoCue is not registered, licensed or authorized to provide investment advice and is simply providing an opinion, which is given without any liability or reliance whatsoever. The information contained here is not an offer or solicitation or recommendation or advice to buy, hold, or sell any security. CryptoCue makes no representation as to the completeness, accuracy or timeliness of the material provided and all information and opinions provided by CryptoCue are subject to change without notice and provided on a non-reliance basis and without acceptance of any liability or responsibility whatsoever or howsoever arising. You hereby irrevocably and unconditionally waive, release and discharge: (a) any and all accrued rights and/or benefits you may have against CryptoCue in respect of any opinion expressed or information conveyed by CryptoCue at any time; (b) any and all Claims you may have against CryptoCue arising out of any opinion expressed or information conveyed by CryptoCue at any time; (c) CryptoCue from all and any claims (whether actual or contingent and whether as an employee, office holder or in any other capacity whatsoever) including, without limitation, Claims you may have against CryptoCue arising out of any opinion expressed or information conveyed by CryptoCue at any time. ("Claims" shall include any action, proceeding, claim, demand, judgment or judgment sum of whatsoever nature or howsoever arising.) You hereby agree to indemnify and hold harmless CryptoCue in respect of any and all Losses paid, discharged, sustained or incurred by CryptoCue in the event of bringing any Claim against CryptoCue. (“Losses” shall include any and all liabilities, costs, expenses, damages, fines, impositions or losses (including but not limited to any direct, indirect or consequential losses, loss of profit, loss of earnings , loss of reputation and all interest, penalties and legal costs (calculated on a full indemnity basis) and all other reasonable professional costs and expenses and any associated value-added tax) of whatsoever nature and/or judgment sums (including interest thereon).
SLong
by ElMomento
LONG - MDA - Trading OpportunityLooking like a double bottom here, sell volume looks all dried up. Entry: 0.00006491 Target 1 : 0.00007482 Target 2 : 0.00008397 Target 3 : 0.00009410 Target 4 : 0.00010583 SL: 9301 CryptoCue is not providing investment advice and is not taking subscribers’ personal circumstances into consideration when discussing investments. Investment involves a high degree of risk and should be considered only by persons who can afford to sustain a loss of their entire position. CryptoCue is not registered, licensed or authorized to provide investment advice and is simply providing an opinion, which is given without any liability or reliance whatsoever. The information contained here is not an offer or solicitation or recommendation or advice to buy, hold, or sell any security. CryptoCue makes no representation as to the completeness, accuracy or timeliness of the material provided and all information and opinions provided by CryptoCue are subject to change without notice and provided on a non-reliance basis and without acceptance of any liability or responsibility whatsoever or howsoever arising. You hereby irrevocably and unconditionally waive, release and discharge: (a) any and all accrued rights and/or benefits you may have against CryptoCue in respect of any opinion expressed or information conveyed by CryptoCue at any time; (b) any and all Claims you may have against CryptoCue arising out of any opinion expressed or information conveyed by CryptoCue at any time; (c) CryptoCue from all and any claims (whether actual or contingent and whether as an employee, office holder or in any other capacity whatsoever) including, without limitation, Claims you may have against CryptoCue arising out of any opinion expressed or information conveyed by CryptoCue at any time. ("Claims" shall include any action, proceeding, claim, demand, judgment or judgment sum of whatsoever nature or howsoever arising.) You hereby agree to indemnify and hold harmless CryptoCue in respect of any and all Losses paid, discharged, sustained or incurred by CryptoCue in the event of bringing any Claim against CryptoCue. (“Losses” shall include any and all liabilities, costs, expenses, damages, fines, impositions or losses (including but not limited to any direct, indirect or consequential losses, loss of profit, loss of earnings , loss of reputation and all interest, penalties and legal costs (calculated on a full indemnity basis) and all other reasonable professional costs and expenses and any associated value-added tax) of whatsoever nature and/or judgment sums (including interest thereon).
MLong
by ElMomento
Bitcoin TA analyst trainingHi traders and crpyto friends it's BohemianCrypto, this is my humble analyst for next BTC moves based on Fib Retracement levels, important supports and possible H&S pattern.. After this weekend we will have a gap in CME BTC Futures market from 9.165 to the end of today candle, expecting around 8.300... This gap will be most likely filled... At the same time we reached important location between 8000 0.382 FIB level and support around 8300.. We can easily bounce from here to fill the gap after weekend... the expected gap has around 12% if will be filled... After tha gap we can try to get through resist line (red) or drop lower to the level of half H&S pattern which sits around 7200... but this scenario contain break through the support line (blue)... If this happens I really don't know what we can expect then.. halving is coming and I was expecting more Bullish market... This is just my TA analysis trying to catch some feedback, because I'm still a rookie :D Cheers
BITSTAMP:BTCUSD
by BohemianCrypto
4
Chart of the day: Make it or break for the $NQAThis is a follow-up from the Bounce Zone series of charts where I highlighted equity indices were at key support levels. After of a week oscillation, the $ESA and $NQA have formed a potential Gartley formation. What is a Gartley formation? A Gartley is a bullish reversal pattern which is found after severe declines, characterized by short-term double tops and not breaching the last low. If this is indeed a Gartley, the upside target is around the 9185 region. Now, personally I think the Americans do not know what they don't know about the potential economic impact of the CoronaVirus. Since on Fridays we usually get short covering, therefore the Gartley may not be a Gartley after all. The NQA just made a lower low and the ABCD projection is around the 7400 region; which coincide with a Weekly SSR and long-term trend support (Link up all the troughs from 2010 to today and you'll see the long-term trend support). Both outcomes are within the realm of possibilities and I would rather let Mr Market tell me which direction he wants to take.
CME_MINI:NQ1!
by WellTrainedMonkey
LONG - SKY - Trading OpportunityPrice at support, and it looks like the stop area is quite ideal to hold this position for a while. Entry: 0.00005646 Target 1: 0.00006103 Target 2: 0.00006343 Target 2: 0.00006599 SL: 0.00005646 CryptoCue is not providing investment advice and is not taking subscribers’ personal circumstances into consideration when discussing investments. Investment involves a high degree of risk and should be considered only by persons who can afford to sustain a loss of their entire position. CryptoCue is not registered, licensed or authorized to provide investment advice and is simply providing an opinion, which is given without any liability or reliance whatsoever. The information contained here is not an offer or solicitation or recommendation or advice to buy, hold, or sell any security. CryptoCue makes no representation as to the completeness, accuracy or timeliness of the material provided and all information and opinions provided by CryptoCue are subject to change without notice and provided on a non-reliance basis and without acceptance of any liability or responsibility whatsoever or howsoever arising. You hereby irrevocably and unconditionally waive, release and discharge: (a) any and all accrued rights and/or benefits you may have against CryptoCue in respect of any opinion expressed or information conveyed by CryptoCue at any time; (b) any and all Claims you may have against CryptoCue arising out of any opinion expressed or information conveyed by CryptoCue at any time; (c) CryptoCue from all and any claims (whether actual or contingent and whether as an employee, office holder or in any other capacity whatsoever) including, without limitation, Claims you may have against CryptoCue arising out of any opinion expressed or information conveyed by CryptoCue at any time. ("Claims" shall include any action, proceeding, claim, demand, judgment or judgment sum of whatsoever nature or howsoever arising.) You hereby agree to indemnify and hold harmless CryptoCue in respect of any and all Losses paid, discharged, sustained or incurred by CryptoCue in the event of bringing any Claim against CryptoCue. (“Losses” shall include any and all liabilities, costs, expenses, damages, fines, impositions or losses (including but not limited to any direct, indirect or consequential losses, loss of profit, loss of earnings , loss of reputation and all interest, penalties and legal costs (calculated on a full indemnity basis) and all other reasonable professional costs and expenses and any associated value-added tax) of whatsoever nature and/or judgment sums (including interest thereon).
SLong
by ElMomento
BITCOIN - WHAT NEXT FOR THE KING? STILL BULL? My last thoughts on BTC were wrong after 9550 failed to act as support. Caught me out and i got burned. What now? I think we are bottoming around here but could very well see a bounce to low 9050 area before a quick drop to SF the low from Jan 24th as indicated with the arrow. That area is in confluence with a monthly and also a weekly level which should do the trick of supporting price from any further downside. So, i'm looking for a big bounce between the area 8150-8250 IF we get back down there. Upside? We need to bust through weekly resistance at around 9050 and turn to support before considering up. Halving narrative is on our side, trend line from 18th Dec and 2nd Jan lows holding up well, 200 Daily SMA providing support for now also. Interesting times. Quietly bullish.
BYBIT:BTCUSD.P
by Trader_Bean
LONG - BTCPERP - Trading OpportunityA retest of the top of the daily cloud, and having a nice Bullish divergence on the 4H charts. Entry: 8519 TP 1: 8913 TP 2: 9164 TP 3: 9509 SL: 8325.50 CryptoCue is not providing investment advice and is not taking subscribers’ personal circumstances into consideration when discussing investments. Investment involves a high degree of risk and should be considered only by persons who can afford to sustain a loss of their entire position. CryptoCue is not registered, licensed or authorized to provide investment advice and is simply providing an opinion, which is given without any liability or reliance whatsoever. The information contained here is not an offer or solicitation or recommendation or advice to buy, hold, or sell any security. CryptoCue makes no representation as to the completeness, accuracy or timeliness of the material provided and all information and opinions provided by CryptoCue are subject to change without notice and provided on a non-reliance basis and without acceptance of any liability or responsibility whatsoever or howsoever arising. You hereby irrevocably and unconditionally waive, release and discharge: (a) any and all accrued rights and/or benefits you may have against CryptoCue in respect of any opinion expressed or information conveyed by CryptoCue at any time; (b) any and all Claims you may have against CryptoCue arising out of any opinion expressed or information conveyed by CryptoCue at any time; (c) CryptoCue from all and any claims (whether actual or contingent and whether as an employee, office holder or in any other capacity whatsoever) including, without limitation, Claims you may have against CryptoCue arising out of any opinion expressed or information conveyed by CryptoCue at any time. ("Claims" shall include any action, proceeding, claim, demand, judgment or judgment sum of whatsoever nature or howsoever arising.) You hereby agree to indemnify and hold harmless CryptoCue in respect of any and all Losses paid, discharged, sustained or incurred by CryptoCue in the event of bringing any Claim against CryptoCue. (“Losses” shall include any and all liabilities, costs, expenses, damages, fines, impositions or losses (including but not limited to any direct, indirect or consequential losses, loss of profit, loss of earnings , loss of reputation and all interest, penalties and legal costs (calculated on a full indemnity basis) and all other reasonable professional costs and expenses and any associated value-added tax) of whatsoever nature and/or judgment sums (including interest thereon).
FTX:BTCPERPLong
by ElMomento
BTC short term bounce possibility Let me begin by dissecting the higher time frames to set context to this idea. Quarterly Price broke through the high and has since then retraced to the .5 level forming a possible higher low. For macro trend change and confirmation of the higher low we would have to see a higher high form next. Monthly We formed a (marginally) higher high on the monthly which is a first bullish sign. Next price would have to print a higher high, ideally in the blue zone for max R:R (lines up nicely with bottom of the weekly range and the daily consolidation below). If we break the low on the monthly well.. Weekly Looks like a bullish quasimodo pattern to me. If it is then we typically see price returning to the range low before further upside. However we could see a retracement first and if we do this would be a good spot for it. Price is at weekly support and range EQ. A weekly close tomorrow above the range EQ would support this idea. Daily Not much to add on the daily. If we do go up from here I'm looking at 9200 area for my first TP (daily S/R) and the untested base around 9700 for full exit / dream short opp. H4 Price SFP'ed into an untested base and RSI is showing a bullish divergence (volume is lacking as it is the weekend but the pattern is there nevertheless). The is a slight risk that we go for a three drive pattern into the untested daily block but I'm taking my chances here. Entered on low risk and looking to add on the way up. Last note: i use candle closes to identify breaks in MS. That way I can easily visualise breaks on the line chart, even when breaks are tiny (for example because of low volume during weekends). Offcourse you can use candle highs and lows as well as long as you're consistent with it.
BITFINEX:BTCUSD
by Ohlala280