Nasdaq - Bounce from here or tankWow, what a nice day today.
I shorted the NQ all day intraday.
Now on the bigger picture, it's decision time BabyNQ ;-)
Either the Bulls can pick it up, or it will flush below the red Center-Line.
I could imagine that the NQ will bunce from here, as it's the right time in the day and the Confluence with the CL.
Let's see...
Bounce
Bounce Token (AUCTION) forming a Gartley for upto 34.50% rallyHi dear friends, hope you are well and welcome to the new update on Bounce Token (AUCTION) with Bitcoin pair.
Our last successful trade setup was the below one, and this was almost 300% pump:
Now on a daily time frame, AUCTION is about to complete a bullish Gartley move for the next pump.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade.
Bitcoin Potential Bounce at 27400 then falling to 20-22KMy previous posts were showing the scenarios of a fall to 29500 then 28500 then 25000. So we are on the 25K side, and I told we will need a further analysis to know what to expect. so here is a speculative first one:
From my humble perspective, I'd say bears took the command since last week, I can see that from my weekly chart finally. So I doubt we will see price reaching or ranging around 30K yet.
Much like a diver who propels skyward before their exhilarating plunge, Bitcoin's trajectory seems to echo this pattern. Anticipate an upward bounce toward the resistance level of 27,400, akin to the diver's swift climb.
After reaching 27,400, we may see a fall to a range of 20,000 to 22,000.
Time will tell.
Don't take my work for granted, do your own analysis, analyze again then take your own decision to trade or not.
PS: I've been deceived by the way bears refrained the price to climb above 32K, since in my early post a scenario to climb to 49K was possible, but the charts is saying something different now. So the overall sentiment is more and more BEARISH for me.
BTC price possibilities to halving.BTC price targets and trends until halving.
1 of 3 ways with a max top indicated by the light blue.
Low - 17000 to 19800
Mid - hovering 29000 to 32000
High - 38000 to 42000
Possible top - 62000 +/- 5000
Could possibly get stuck in the 51000 to 60000 range as well.
Very possible to see a retest of this breakout to the 25000 zones.
Key supports if things turn down are - 29000 to 26000 / 25000 to 22000 /19000 to 17000
📈🐂 EURUSD Technical Analysis: Bouncing on Demand Zone! 🚀🐂Hey traders! 🐂📈 Exciting times ahead as we've got a bullish setup on the EURUSD forex pair in the 1-hour timeframe. Let's dive into this opportunity! 📈🐂
💹 Demand Zone Bounce: The price action bounced strongly on the demand zone, indicating an area where institutions have placed their orders and are likely to defend this level.
📈 Descending Channel Breakout: Adding to the bullish momentum, the price broke out of a descending channel and retested it successfully, signaling the start of a highly potential bullish impulse.
💡 Take Profit Zones: As we ride this uptrend, my take profit zones are strategically placed at 1.11300, 1.12000, and finally, my target at 1.12600. Keeping an eye on these key levels is essential for managing the trade effectively.
🧐 Remember, trading requires careful analysis and risk management. Let's keep a close eye on this setup and make the most of potential trading opportunities. Wishing you success in your trading journey!
Feel free to share your toughts in the comments section, follow me for updates and don't forget to press the like button if this insight was helpful🚀
CADJPY I Approaching pivot support Welcome back! Let me know your thoughts in the comments!
** CADJPY Analysis - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
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🔥 CFX Oversold Bounce Trade: Following BTC Up!CFX has been one of the bigger winners of 2023. However, this token has been largely trading bearish ever since it topped late March.
As of recently, CFX has hit daily oversold on the RSI for the first time in many months, likely causing some kind of reversal.
Now that BTC is breaking out, I'm anticipating that CFX will see more gains in the near future. Target is the 2023 high, stop under this daily candle. A less risky trade would be a stop under the June 9th lows and/or a (partial) target of 0.3
BTC: BREAKOUT IN LTF! READY TO GO $28K!!Hello everyone, if you like the idea, do not forget to support it with a like and follow.
Welcome to this quick BTC update. In my previous BTC update, I told you to buy around $24.8k level. Hope you bought some and made nice profit so far.
According to the chart, BTC breaks out from the falling wedge like structure in 4hr time frame. Currently, holding the $26.2k support. As long as we hold this support expecting a good pump up to $28k level.
If we breaks below $26.2k support then it must hold the retest level of the wedge.
Overall it's looks good for shorter time. Expecting a good pump in BTC and Alts on weekend.
Invalidation:- If it closes below $25.4k then this chart becomes invalidated.
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🔥 MATIC Found Support At An Ancient TrendlineMATC has been one of the weaker major tokens of the last couple of weeks. During this week's sell-off, MATIC moved all the way towards an ancient support line which has been established at the start of the previous bull-market.
This, combined with the 3D RSI being severely oversold, makes me believe it's more likely than not that we're going to see some kind of bounce in the near future.
For an optimal risk-reward, I'm looking at the current ATH value as the profit target. A less risky bet would be to target 1.00 or 1.50, with a stop below the most recent local low.
BITCOIN MAKES CLASSIC DEAD CAT BOUNCEAs you can see in the chart, this is a very simple setup:
When we look at the big picture, we have a dead cat bounce breakout retest pattern.
As confirmation, we have a clear RSI bearish divergence and a descending triangle, which can be a good entry point.
As targets we have the clear support levels and we set an stop loss at the last swing high, so in case the price goes against the position, we protect our capital.
Sticking to ideas when proved wrong can be a very expensive mistake. Always be ready to change your mind.
Bitcoin Forecast Sunny🌞 (Clear: 100.0 %)🌤️ Bitcoin Weather Report: Sunny Forecast! 🌤️
According to the latest Bitcoin chart index for the past hour, I'm happy to announce that the weather in the Bitcoin world is expected to be sunny ☀️. With a confidence level of 1.0, I have high certainty in this forecast. Let's take a closer look at the key indicators:
📈 Open: 25019
🔼 High: 25063
🔽 Low: 24890
📊 Volume: 18820
📉 Close: 24918
The recent price movement indicates a potential for a dead cat bounce 🐱 following a sharp drop. This means that after a significant decline, there might be a short-lived upward movement before the downward trend resumes. However, it's important to approach this with caution as dead cat bounces are typically temporary and may not signal a sustained recovery.
Moving on to the moving averages, we observe the following values:
📈 EMA9: 25101
📈 EMA21: 25355
📈 EMA50: 25621
📈 EMA100: 25781
📈 EMA200: 25909
The exponential moving averages show a gradual increase over time, which indicates a potential upward trend in the Bitcoin market. However, it's crucial to consider other factors and not solely rely on moving averages for investment decisions.
Additional indicators include:
📉 RSI: 27
The relative strength index (RSI) is on the lower side, suggesting that Bitcoin may be oversold. This could potentially lead to a buying opportunity for investors, but it's crucial to assess other factors before making investment decisions.
📉 Fast %K: 9
📉 Slow %K: 16
📉 Slow %D: 20
The stochastic oscillator values indicate a bearish sentiment, as the %K values are lower than the %D value. This suggests that selling pressure may be prevalent in the market.
📉 MACD: -279
The Moving Average Convergence Divergence (MACD) is negative, indicating a bearish trend. However, it's important to note that this is just one piece of the puzzle, and other factors should be considered.
In conclusion, while the Bitcoin weather forecast appears to be sunny, it's crucial to exercise caution and not solely rely on a single hour's data. The potential for a dead cat bounce after a sharp drop introduces some uncertainty to the market. Remember to consider various indicators, market trends, and perform comprehensive analysis before making investment decisions. Happy trading! 💰📈
Analyzing Support and Resistance Levels using TBO Indicator for Introduction:
In this analysis, we will examine the support and resistance levels for the $APE/USD trading pair. Often, identifying these levels can be complex, but with the help of our proprietary indicator, TBO (Trending Breakout), we can obtain unbiased information regarding strong levels of support and resistance on the chart.
Understanding TBO and its Role:
The TBO indicator is a valuable tool that aids traders in determining significant support and resistance levels. By using this indicator, we can simplify the process of identifying these levels, making our analysis more efficient and reliable. TBO provides non-biased information, enabling us to make informed trading decisions.
Interpreting TBO Support Levels:
It's important to note that a long TBO Support Line indicates a strong level of support. However, it's crucial to understand that even a strong support level can be temporarily breached. Sometimes, market forces may cause support levels to be wicked into, resulting in stop losses being triggered and weak-handed traders exiting their positions. This temporary breach may be a deliberate move by market participants to create a false breakdown before the price bounces back successfully off the support level.
Profit Opportunities for Long-Term Traders/Holders:
During these moments of temporary breach and subsequent bounce-back, longer-term traders and holders can seize profitable opportunities. By recognizing the significance of strong support levels, traders can remain confident in their positions and take advantage of the price rebound. This approach allows them to benefit from the upward movement and potentially generate profits.
Conclusion:
In conclusion, the TBO indicator plays a crucial role in simplifying the identification of support and resistance levels. By utilizing this tool, we can obtain unbiased information about strong levels of support or resistance on the $APE/USD chart. However, it's important to remember that even strong support levels can be temporarily breached, providing opportunities for longer-term traders and holders to profit from price rebounds. By combining the power of TBO with a strategic approach, traders can enhance their decision-making process and potentially improve their trading outcomes.
🔥 EOS Oversold Double Bottom Bounce: High Risk/Reward! Like most cryptos, EOS is currently seeing a bullish bounce after weeks of selling. There's two reasons on why EOS might see a strong bullish move coming in the near future.
- The daily RSI has reached oversold.
- The price has found support in a 1 year old support area.
Wait for the price to close above the 0.92 level, which is a short-term resistance. Target is placed at the recent highs. More defensive traders could move their stops to break even and/or take partial profits around $1.
NZDUSD I Current situation and how to trade itWelcome back! Let me know your thoughts in the comments!
** NZDUSD Analysis - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
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Watch this ticker attempt a rally...When less than stellar stocks attempt to run after a 90 percent drop its note worthy to watch, understand the basic mechanics of the pump and dump and FOMO by bed ridden traders that believe they can make millions while laying in bed... This is half a joke and half true, never chase trade but if you must understand technical, short term resistance above $7 upper resistance $16.... Woahhh, 200 percent gains sounds insane but also 900 percent in less than two week. Based on Fibonacci levels you'll understand why $16 is the sweet spot and if you trade this last week you'd know why $16 held in the initial rally now people dead cat bounce are really this isn't me saying BUY because I can already hear the traders with their eyes cover in buggers saying pumper as if they hold million that my suggestion to watch this for educational purpose would lead them to buy and lose such precious money... So understand this is an opinion agree to disagree and show me your analytical skills not the hot air blasting from your morning breath (@: Remember always keep watch because those with infinite resources will always have an upper hand on us the APES. Trade the trend not your greedy my friends...
BTC WEEKEND PLAN! A QUICK UPDATE!!Hello everyone, if you like the idea, do not forget to support it with a like and follow.
Welcome to this quick BTC update. Currently, BTC is trading around the $26.8k level. It is forming a descending channel in 1hr time frame.
If we look at the higher time frame then it breaks below the important support of $26.8k which is a bearish sign for me. Now, the next important support area is around $24k- FWB:25K
Now, if we look at the lower time frame then there is a possibility that we see a quick bounce on Sunday to trap more retailers and dump again next week.
Observe the chart carefully to know more.
Invalidation:- If we got a weekly close above $27.2k
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BIG BUY Coming For AUD/USDThe AUD/USD currency pair has been experiencing a significant decline, forming a pronounced downtrend as it nears the neckline of a substantial daily double-bottom pattern. Traders and investors are closely observing the 0.65981 area for a potential rebound. There is particular interest in establishing a long swing position with the expectation of a price movement toward March 2023 high at 0.71577.
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BTC QUICK UPDATE!Hello everyone, if you like the idea, do not forget to support it with a like and follow.
Welcome to this quick BTC update. BTC is moving in a range of FWB:27K -$30k for many days. So what's next from here?
BTC is forming a symmetrical triangle-like structure in the daily time frame and once again it got rejected from the upper trendline of the triangle. We have two important supports below. One is at around FWB:27K and another one is at around FWB:25K level.
IMO BTC holds the first support of FWB:27K and we might see a quick bounce from there. For a bullish scenario, we need a clear breakout of this triangle. As of now let's see how the price reacts after reaching the FWB:27K level.
Invalidation:- Daily close below FWB:27K
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