CAT
LONG - CAT - Trading OpportunityA real beauty of a flag forming on NYSE:CAT , to enter this kind of trade we will need confirmation, wait for an upward breakout.
The first target would be 142.97 and trail the stop-loss for the rest of them.
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CAT Sensitive to Tariffs & Trade WarsHuge growth in 2016 as speculative anticipation of more sales to China & other developing industrialization nations occurred. Unsupported by Fundamental & Technical support and resistance levels. Now in a sideways pattern, inevitably selling down toward a Business Bear Cycle pattern. Weekly chart view.
Is the eventual dead cat bounce finally coming soon?Ever since bitcoin topped it's been in this big broadening falling wedge that has had one fake troll-breakout after the other.. this pattern is now huge and the bounce that it calls for is just getting bigger and bigger with it..
I don't think it's safe to long at this point at all, but I am starting to suspect the real breakout might actually be close this time, seeing how we touched that very important 9.8k level yesterday.. I will not open a margin long at this point but i did take a chance and bought just a little bit more bitcoin at about 10.1k as a long term investment.
What do you think is going to happen?
Share your thoughts in the comments!
Bigger dead cat bounce incoming?We seem to be confirming another downtrending resistance line that suggests that we are yet again in an even bigger falling broadening wedge , but the pattern that we are currently in within that wedge is a bearish rising broadening wedge , so if i had to guess I would assume this big line of resistance will be broken pretty soon, the price will move up within that secondary smaller wedge , and then we will continue the correction to the downside.
What do you think?
Will I get it right?
Share your thoughts in the comments below.
Cat - little more upside, then shortThis is the non video version.
CAT looks like we could see the price climb slightly more to $141 before reversing or surging higher.
Buying a straddle here could be a good move.
Charting patterns and Gann suggest bearish but indicators suggest positive. This divergence usually means short term bullish followed by bearish reversal.
CAT - Little more upside then shortCAT looks like we could see the price climb slightly more to $141 before reversing or surging higher.
Buying a straddle here could be a good move.
Charting patterns and Gann suggest bearish but indicators suggest positive. This divergence usually means short term bullish followed by bearish reversal.
SPY SHORT : Don't be fouled!Long for today, short for the week.
Don't be fouled by the news. It is a bounce of the dead cat
We say: Buy the news, sell the rumours, but the invert is as valid. Buy the rumours, sell the news.
Today is a good opportunity to cut a bit... 1/4, 1/2... You know how you'll be comfortable.
Just a reminder: Even if a real deal is done and the interest is reduced, it's already in the rally. This market needs a pullback.
That is why, I am long for today, short as soon as it weak.
Be prudent! That's all. Maybe reducing exposure. An alternative could be GOLD, BOUND, Bank stocks, Bio stocks are all good alternative.
I wish you all the best! Have a good trading time!
Waz
CAT: bearish fractalThe stock has been moving in a relatively long correction since November when the bearish impulse ended. Now, it seems the correction has come to an end as the price has formed a bearish fractal below the Alligator indicator with AO below the zero line. If we break the latest fractal, it would be an optimal level to go short using levels marked on the chart.
Bear trap before a dead cat bounce?Good day Traders
Bitcoin has been battling with our DMA50 resistance, is now printing hidden bearish divergence on the daily, and we have potential for bearish DI cross looming.
The recent short squeeze managed a 38.2 fib retracement after our drop from our 24 December swing high, so I have a 168.1 fib extension target of $2780 if we fail to get above DMA50.
Although we had a strong volume candle on the squeeze, we lacked any volume follow-through for a continuation of a rally, and once we reached DMA50, our buying volume dropped off, unlike the build up of buying volume when we bounced from our December lows.
A healthy rally would entail us taking the stairs up and elevator down but this was an elevator straight to our DMA50 resistance.
We could potentially have a drop / bear trap from here, breaking below WMA200 to set new lows, invalidating the triangle from my previous chart and forming support of a large falling wedge, triggering stops just below $3k.
Bitcoin should then have a dead cat bounce, first back above WMA200, then to wedge resistance, and then a breakout with a $4200-$4400 resistance target sometime towards the end of March / start of April.
When btc reaches $4200, I suspect we'll encounter strong horizontal resistance as we have since we dropped below $4500 in November last year and we should meet our DMA100.
Depending on the strength of trend and bottom-calling fomo, we should have a 38.2 fib retracement back to our 61.8 fib support, somewhere around $3670, which will give us 168.1 fib bull trap extension target of $5110 (to DMA200) once we break above that $4240 - $4480 and DMA100 resistance.
If we have a deeper 50 fib retracement to $3500, I'll revise my bull trap target to $4770, which would be a 138.2 fib extension target.
We should then potentially drop back to our $3k support, extending the bear market, with a move to new sub $2500 lows.
Have a look at the NVT indicator which gives us a network value to transactions ratio and has been quite accurate so far on the daily chart for predicting the bottom/top.
You'll see that we're in a great buy area on the weekly chart (flashes green for buy red for sell), but we still haven't bottomed yet on the daily chart, and you'll see that there was only 1 day where it flashed green in 2015 and that was during capitulation.
Previous chart and potential to new lows from here:
Scenario where we've already bottomed:
Another bearish scenario:
CAT approaching resistance, potential drop! CAT is approaching our first resistance at 141.46 (horizontal swing high resistance, 100% Fibonacci extension, 61.8% Fibonacci retracement) where a strong drop might occur below this level pushing price down to our major support at 132.10 (38.2% Fibonacci retracement).
Stochastic (55,5,3) is also approaching resistance where we might see a corresponding drop in price.