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Bounce

BTC: CAN WE EXPECT A BOUNCE HERE??? $34500 A GOOD SUPPORT.Hello folks and welcome to my Bitcoin update in a daily timeframe. BTC is still holding good support at $34500. The weekly close was at $36300 level which is a decent level but the new opening candle was in red. I believe that BTC should bounce and show some bullish momentum (even if it is just for a few days). I am expecting a rally back to $38k to $40k and then if it can't break out any further then back to the drop. All this can be possible if BTC won't break below the $34500 support level. Let's see what comes next. What do you think about the current price action? Are you expecting a bounce as well? Let me know your opinion in the comment box. Trade safe.
BITSTAMP:BTCUSDLong
by Dexter_The_Trader
BITCOIN'S LAST STAND! THERE IS THE MOMMENT OF TRUTH!Bitcoin had 2 massive head and shoulders patterns, with huge correction effects!, but the blue support zone deffended the price for more than 15 times! Will it hold for once more? If it hold we will have a huge bounce to the upside? If it breaks the SUPPORT the price Target is at 20k range!!... But never panic Sale! The bitcoin is here to stay longer than some people thinks! It's a REVOLUTION and now or later everyone will understand it! The late ones will regret it! CRYPTODROU Stay Strong
by CryptoDrou
ES Correction & Potential Bounce LevelsWe have been in a recent downtrend on $ES $SPX and a lot of traders are probably wondering where the bottom will be. A break back up toward 4553 and a hold above 4565 would signal that we have bottomed in the short term. That would not necessarily mean the bounce wouldn't fail to retest the lows but here are some potential bounce levels. Fibonacci levels near 4361, 4278 and lower support zone below October lows near 4170-4180. This would be considered an extreme target and unlikely to reach in the short term. However with recent political headlines and the market having a risk off nature, no one really knows where it will bottom. Thanks for following and watching. Feel free to comment and share. Stay tactical and stay safe.
CME_MINI:ES1!
by Freshly_Snipes
1
Blackrock at key supportAs you can see, the price has respected the 200sma (blue) since the break from Covid lows. Risk-reward-ratio presented is interesting as you will figure out if you are right or wrong pretty quickly; especially since the Bollinger bands have been contracting as we have consolidated. Trade setup: Target around $1000 for profit-exit. Loss-protection exit 1-2% under the 200sma. Fundamental Analysis ' - The $TNX (interest rates) has broken out which is positive for financial institutions. - There is a cyclical tilt to the market as high valuation companies in the technology sector are hit hard. * Note: Earnings are starting at the end of next week for the financial sector.
NYSE:BLKLong
by dorfmanmaster
DISCA: LOW RISK BOUNCE SWING PLAY Disca has been dropping since March and has now reached an Ichimoku support on the weekly chart. My support is based on the flat side of the cloud. Quiet good risk/reward play . One could buy at the current price level with a stop between 24.90 and 23.5 depending on your risk tolerance and sizing. My target is between 32 and 35 as you can see on the chart. If we reach these target we will reassess and see whether we have a sustained trend reversal. Trade safe! More on Ichimoku (by Investopedia): The Ichimoku Cloud is a collection of technical indicators that show support and resistance levels, as well as momentum and trend direction. It does this by taking multiple averages and plotting them on a chart. It also uses these figures to compute a “cloud” that attempts to forecast where the price may find support or resistance in the future. Key takeaways: The Ichimoku Cloud is composed of five lines or calculations, two of which comprise a cloud where the difference between the two lines is shaded in. The lines include a nine-period average, a 26-period average, an average of those two averages, a 52-period average, and a lagging closing price line. The cloud is a key part of the indicator. When the price is below the cloud, the trend is down. When the price is above the cloud, the trend is up. The above trend signals are strengthened if the cloud is moving in the same direction as the price. For example, during an uptrend, the top of the cloud is moving up, or during a downtrend, the bottom of the cloud is moving down.
DLong
by Elpidaldo