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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.
BITFINEX:BTCUSDLong
by CryptoWolfsTrust
2
ETH good level for open long-term trade#ETH Ethereum at current levels looks very good for long-term purchases, but in the short term, before building a new wave of growth, the market can survive lower (we have already seen such behavior of prices among crypto-currency assets). The possibility of plum before the beginning of growth is due to manipulative influences from the major players, no one will give up the opportunity to buy the top asset at an even lower price. Artificially, the price can be lowered to 330-340 (possibly up to 320), it will be extremely difficult to lower below, in any case, such a drawdown is possible for an insignificant and short term, since the technical aspects and popularity of the coin itself will not allow for a long time to be oversold, and specifically with Ethereum it is not profitable for anyone. In long periods, ETH has a very good chance of touching its absolute maximum and eventually overcome it. Pay attention to the asset from the current levels, but do not forget about the possibility of a speculative decline in the global market as a whole, which will also affect Ethereum.
BITFINEX:ETHUSDLong
by CryptoWolfsTrust
SPX Short Term BuySPX appears to be setting up to move higher in the short term. I remain intermediate term bearish, but several important supports were held this week even with consecutive down days in the market. Volume was robust, and recent market leaders showed strength, especially in to the close.We broke above falling trend line resistance at the beginning of the week and remained above it as we consolidated, and also remaining above upward sloping trend line support. We tested intraday and held above both the 20dsma and 50dsma, the latter of which is coinciding with the 61.8% retracement of the swing from all time highs to the February lows. It's worth noting that the 20dsma is currently below the 50dsma, causing concern further out. However, the 50dsma remains firmly above the 100dsma, a level that acted as rough support during the selloff. (While not depicted on this chart, the 5/13dema that I use is in a buy setup.) Over the next week or two, I expect markets to retest highs or get close, at least retesting the 78.6% retracement at 2800, as March (and Q1) come to a close, but sideways action may prevail if bulls and bears are in equilibrium. A break below the trend lines, moving averages, and 61.8% retracement would invalidate this bullish short term view. A break below would also warrant shorting, as accelerating selling will likely occur. I remain bearish looking a few months out, so shorting at the highs (or 2800, the 78.6% retracement) will be the next setup. Remain cautious and quick to exit any short term long positions, as declines will likely be swift and volatile.
SP:SPXLong
by EchoAlphaBravo
Is this the moment we've been waiting for??It doesn't get much easier than this, USDCAD just broke and retested lower trend line & demand zone with tons of space to the downside. I'll be looking to enter once 1.31000 (psychological level) breaks again, with long term targets toward 1.25000 (approx 600 pips). However I'm being cautious with this though, because price could also just bounce off demand & retest the .50 prz to create a triple top or lower highs. With a swing trade like this you don't want to jump in too early, because stop loss placement could easily be around 200 pips, and that's a tough loss to take, no matter what your position size is. Hindsight is 20/20 #GoodLuck
Short
by jonathanwright
2