SPX crash and reboundIf SPX crashes to 100-Year-Bottom channel, it would probably rebound to the current channel.
Bullish case would be to rise up to the 10-year trend line.
Mild bear of another 15% drop would still result in SPX in current channel.
Rebound
Bet on CP Support levelMy quant model predicts
Profitability: it has a high probability(66%) to rebound at this level.
Worst Case: it could drop to $166.88
Money Management: Bet no more than 33% of capital
Suggested Strategy: long stock for 5 Days, wait and see
Rebound from local supportGot in as a rebound from the support "A". My stop loss is under the support's lows, profit target is around recent market structure highs.
When to buy the dipSo, it seems that the bullmarket continuation scenario is getting more and more unlikely by the day. This scenario would have brought us to 100K sometime this year.
However, due to the continued weakness of bitcoin, a bearmarket seems much more likely :(
But how can you trade a bearmarket? Well, it seems that one has to wait for the right buying opportunity, when a dip occurs, which goes significantly below the weekly bollinger band.
Historically, in the 2014-2015 bearmarket, every time btc dumped strongly below the lower weekly bollinger band, a very strong bounce took place, about 50-100% bounce, every single time.
So, trading this market is pretty simple: wait till it dumps below weekly bband, buy, sell at the bounce, after 30-50% rebound, to be on the safe side.
Rinse, repeat. Wait for the next dump.
And then, in 2019, the low will be reached at some point, and one can start buying good old cheap coins at around 2K :)
Because the next bullrun WILL come, starting in 2020 with the halving.
The chances for the continuation of the bullmarket this year, are not zero however. They are small, but this scenario is also not completely off the table.
Long term supportEntry is based upon long-term support "A". Stop loss is under "A" low. Profit target is around the December 4 highs.
Reversal/rebound with the strong signal on DailyRebound from ~2630, with the long tail candle confirmation on Daily chart and local reversal pattern on H1-H15. Stop loss under local lows, Profit target is around December 7 highs.
Hang Seng IndexThe Hang Seng index should have a sharp wave 4 rebound as wave 2 is a sideway movement. we should aim for 27200-28000 target.
then a wave 5 again. so wait for the sweet spot for sell or buy into to the rebound now.
The Asian session and every other day effectRecently , it can be said with no doubt that crypto and it's current bear winter have been unkind to Asia , specifically China - where mining companies are going bankrupt, where ASIC'S that were high end not all that long ago are being sold for scrap. Thusly, many miners and owners of mining pools HAVE NO CHOICE but to sell their BTC , likely other MINED currencies , and who can blame them.
The problem comes in there and in the American sessio , where people perhaps are just not seeing the correlation and taking the time to either buy or at least not succumb to panic selling.
Not ALL CRYPTOS ARE MINED. This is an important distinction , and yet the market continues to look to Bitcoin for price direction. In the past 48 , BTC rallied out of proportion to prominent coins that dont require mining. The coupling effect?? Price manipulation to keep mining in business?? Institutional buy in?? The latter seems unlikely as that would result in a sustained rally, and Bitcoin , while in the green , is teetering. Other coins didn't fare too well.
Something else seems to happen during a wavering market - everyday at some point the TRADEVIEW daily range resets , and more often than not , price movement has changed direction every other day in a wavering market. Can people not see this, or is it some psychological cue to sell that bypasses reason?
Finally Coinbase. Coinbase has been leading the pay your taxes charge , yet cannot on it's base platform (many of us bought our first coins there , so please dont judge ) differentiate a sell from a withdrawal. This has made software testing difficult. Does anyone know if API access helps clear things up? Correlate ACTUAL withdrawals with deposits on other exchanges?? Please comment below if you know or can point me in the right direction. I entered the game late , took losses , and I need a practical way to correlate this data.
Caveat Emptor.
Rebound from the mirror price levelPrice broke out the "A" price level and has been holding above. "A" level from support resistance turned into the support. My stop loss is under support's local lows and my profit target is around November 19 lows.
Rebound from the mirror price levelPrice broke out the "A" price level and has been holding above. "A" level from support resistance turned into the support. My stop loss is under support's local lows and my profit target is around November 15 lows.
Rebound from the mirror price levelGet in rebound from the "A" price level which after retest became the mirror one. Stop loss above local highs and "A" level. Profit target is around October 15 lows.
I would probably move at least a part of my stop to the breakeven after reaching "B" extremum and signs of testing without breaking out right away.
S&P 500 (Daily Chart) - Time for a Rebound?After our last predicted move down, the S&P 500 has been bearish for the past 2-3 weeks, and has fallen all the way to the target trendline.
While there is a high chance that this might lead to a bear market, there is an even higher chance of a small rebound first.
The key will be where the rebound ends.
If the rebound falters before testing the prior highs, then it could well confirm the new downtrend.
NEO can move higher#NEO 1d
Currently it demonstrates a good level for building upward movement. The market has been following a downtrend for a long time, and more recently has found its support and went sideways. The recent lows act as a support, the breakdown of which with a high probability will direct the market to a further decline, but if we continue and continue to gain volume, then the asset has good chances to touch the upper edge of the formed side channel. In the medium term, we can consider a level of around 3000 as the main goal. As you can see on the 1-day chart, then we are met by the resistance of a long-term downtrend, the breakdown of which should be accompanied by a correction and a subsequent set of growth, and a long-term goal can be considered a level of about 5000.
Netflix in watch list for a rebound and longAgain as per my previous forecast:
2018-09-09: Looking at stochastic, it seems to be a rebound at stoch 20 level. Possible buy up to resistance level (red area)
Bitcoin can move to the upper edge of the channelGood chances to get a rebound to the top of the downlink, current support looks dense and corresponds to the level of Fib 0.786
Hang Seng - Rebound from LowHang Seng rebound from initial projection on post 5 Sep & 6 Sep 26431.
The current rebound expect to reach 26773 to 27222 (see left chart). If price did not trade higher that this, the primary trend remain weak and no reversal indication yet. Trend trader can remain sideline as current swing is correction phase.
I remain with a ling bias on the EUROToday still aside from the declines yesterday, I am going long on EURUSD -0.02% and other dollar pairs. Donald trump has been aggressive towards china with the tariff threats so I see an intense week ahead for the bullish USD. Happy trading keep in mind my setups are intraday and the trends can change at any moment. Manage you risk and take educated trades. HAPPY TRADING !
BTC can bounce, but globally (for now) is ready to go lower#BTC
Pretty strong and impulsive decline, the price broke through Fib 0.786 against the last wave of growth and is trying to consolidate at this level. Since we returned to our previous template, in previous posts predicted a deeper decline with the possibility of a rebound at current levels. Now we can move higher (Stoch RSI is oversold and starts to bounce, a strong amplitude of possible price fluctuation, RSI in medium scales bounces out of the oversold area) and again test the upper bound of the template.
But in 3 days the trend is still downward and at the moment the global market is ready to move lower.
It seems a failing Wave 5 for the Wave aIt has been taken a whole month for DXY consolidate around 94-95. and the EURUSD is also consolidate 1.1500-1.1850. Today in early European session, EUR/USD take 15 min to rally 25 pips. it seems to me that the Wave 5 for the Wave a is done. the previous idea talking about wave a finished may need to amend and the failure 5 is the end point of wave a. so we should head for a retreat of USD and rally of EURUSD and targeting 1.1850 or above. the assumption for failure 5 to hold, 1.15 should not be broken. so we could put stop @ 1.15.
BTC rebound is comingOn a 1-day scale, the market is too oversold: Stoch RSI has pushed its lower limit and is already starting to rebound, RSI in the oversold area, where it can also unfold. Below meets tight support near the level of Fin 0.786, within the cost of 4800-5000, but to decrease further to these levels without a visible correction of the fall (rebound or flat), the market can not, Bitcoin lost 29% of the value in just 17 days. In addition, the price is not the first time approaching the 6000 mark, it is very important that it does not go lower, which indicates good support at current levels. As long as the daylight candle did not close below this level, we still have chances for a further positive development scenario, otherwise closing the candle below will indicate the possibility of further decline.
TRXBTC bounce after pumpAt the moment the market looks optimistic, the price can fluctuate in the range of 0.00000540-0.00000560 for a while. Indicators demonstrate the probability of rebound after the recent pump, MACD intersects in a critical area and can move higher, pulling the price with it.
RSI is bullish with a margin aptitude for further progress. The market is ready to achieve the next level of resistance and move to higher levels of trade. The targets, buy zone and stop loss are mentioned in the signal in the Premium channel. The nearest free target is 0.00000580 which is drawn at the chart
$SKY SkyCoin: Retrace/recovery in progressSkycoin fell way too low after it's trouble with the theft/kidnapping of CEO drama (will post more on this story if requested, lol), but it appears -- based on action over the past 72 hours -- to be making a corrective move back into normal ranges. I've set this up as a general roadmap/guideline for stair steps, but it will need updating once more data can be added to the model. Will update when significant movement occurs one way or the other, but i expect this to be pushing that next barrier by EOD.
