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Pullback

Pullback Buy in GBTC (Bitcoin ETF)Bitcoin had a painful 2022. But the digital currency turned bullish this year and is now marching higher. GBTC is an exchange traded fund that holds Bitcoin but trades like a stock. So regular investors can get exposure to crypto without the hassle of digital wallets or sketchy cryptocurrency brokers. The stock is currently wedging on decreased volume. This is the same pattern it showed back in February before a quick 50% surge higher. Volume is telling the story here again. High volume moves higher show accumulation while lower volume retracements indicate and absence of buyers. A buy was triggered on the move above 16.50. This pullback is giving trades a second chance to enter with the recent breakout area and 21-day EMA serving as support. My stop loss would be at 14.95 to risk just under 10% on the trade.
GLong
by rossgivens
1
Low 400s by end of weekSpy will be pulling back to test support in the 396-401 range - point target 400 by 4/21/2023 Can happen as fast as Wednesday 4/19 but I'm playing 4/28 407 puts to give it enough time. Needs to breakdown near term support in the 405-407 range but ultimately it needs to test 400 before making next leg up. Will re-eval after 400 but likely will be an opportunity to swing long to 420s Aggressive entry on short is right now while its still in 411s, conservative entry is a break below 409.5. Note this is likely just a pullback and not a major leg down.
AMEX:SPY
by JerryManders
8
The Bear Market Looms: Is Ethereum in Trouble?Technical analysis using the Ichimoku cloud indicates that Ethereum is approaching a resistance level around the HKEX:2 ,200 price range. This resistance level suggests that Ethereum's price may experience a pullback or even lower lows from this point. The Ichimoku cloud is a technical analysis tool that uses a combination of indicators to identify support and resistance levels. It is made up of several lines that provide information about price momentum, trend direction, and potential reversal points. When the price is above the cloud, it indicates that the trend is bullish, while when it is below the cloud, it is bearish. In Ethereum's case, the cloud is indicating resistance around the HKEX:2 ,200 price range, which could result in a pullback or even lower lows from this point.
COINBASE:ETHUSDShort
by UnknownUnicorn910751
Possible Reversal On GBPUSDHello folks, what do you think about GBPUSD? I am anticipating price to dig down heavily after the pullback (area of value) is complete. My analysis is based on two tfm: D1 and the 4hr tfm. * Open your chart on the D1 tfm, most recent candle went all the way up to our main area of value (Supply zone) and got rejected forming a clear pinbar candle pattern which give a reversal signal. * Same or similar pinbar candle pattern happen on the 4hr tfm. * On the 4hr chart, there a breakout on our trendline, and now we are only wait8ng patiently on a pullback and sell the market. Again, I can only trust my analysis, but one thing for sure... trading is a probability game and the market can do anything it like. Much love
Short
by ZakProFx