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Bounce

AUDUSD: London SetupThis setup could provide plenty of profits if executed correctly. I will be looking to see how we react after breaking the small head and shoulders pattern. If we reject the order block holding below it, I will be buying into the region as illustrated. Leave a comment and/or message us on how we can improve and provide better content, we are open to suggestions to create a better experience for you! Keep in mind that the analysis provided is not 100% accurate and that you can never be certain of the markets. This information given is not financial advice, always do your own research. Thank you for reading,
Long
by AlkalineFX
2
ADAUSD Worst Case ScenarioImportant things to note: This is just the roadmap if I am wrong and the price of BTC falls for 1 more movement or ADA over corrects. Price would fall to 1.71 and likely touch the 200MA. Right now, we look bullish so this isn't the most likely scenario, it is the 2nd option. The price would have to fall below 1.91 to signal this movement. This is the option I had originally believed was the likely move. Once, I saw the bullish signal from BTC, this changed my mind. The price drop to 1.71 would be the end of the correction. So a lot of people have been asking me what will happen if I am wrong and BTC creates another low or the retracement of BTC do not represent the movements of ADA. The answer to this question is my original target of 1.71. As I said before there are 2 options, the one I choose would be the current low of 1.91 remains intact and the price consolidates and moves up from here. The second option would be the movement to 1.71 with a touch of the 200MA and a move upward from there. These are the only 2 likely scenarios that I can see at the moment. The first option of a move up from our current lowest low is what I think will happen. This may not matter to you much because the outcome of both scenarios are a movement upward and an end to the correction. If I am wrong, this is the scenario that will play out. We will see what happens. Right now, my idea seems to be looking pretty good! BTC and ADA are very close to a cross via the MACD on the 1D and I see bullish structure starting to form. I will keep an eye on ADA and update you all accordingly! Thanks again! I am going to make a video soon teaching everyone my approach to charting. I will cover the entire workflow process I go through. I hope you enjoy it. Tell me what you think? This is not financial advice. DYODD.
KRAKEN:ADAUSDLong
by mysticalwalrus
23
ADAUSD A Look At Both OptionsImportant things to note: Everything looks great. Price movements have bullish structure and we are in the start of a bullish trend. This means we have likely seen the lowest low and the price will move upward. The double bottom we saw was denied. We will have a price decision. Watch for a break in the first resistance to our first significant price target. Set alert for 1.91 and the first resistance line if you want to be aware of all scenarios. Important dates: I will update this soon when I post about the summit. This will probably be my shortest post ever! So, I thought we would get our push from the double bottom, however it looks like ADA has other plans. There will be a price decision here soon. It will either break to the upside of the pattern I made, or to the downside. If it breaks to the upside, we will simply break the resistance and hit the target, if it breaks to the downside, we will likely see a bounce off of support followed by a resistance break and target hit. Nothing is different in the targets from last time. BTC gave us an important confirmation yesterday. Now we will see the bullish trend start to move. There really isn't too much to talk about right now. Everything is the same at the moment. If you are worried about the price movements, set an alert at resistance, support, and 1.91. Things are looking great! I will continue to watch ADA and update accordingly. Remember, try to relax, we are past the hard part at the moment. I am going to make a video soon teaching everyone my approach to charting. I will cover the entire workflow process I go through. I hope you enjoy it. Tell me what you think? This is not financial advice. DYODD.
KRAKEN:ADAUSDLong
by mysticalwalrus
17
CHR multiple bear div on 1hr in combination with death cross on SRSI, RSI looking down, and looks like we could see soon death cross on MACD also. So it looks like we definitely going down. 200SMA on 1hr chart is right on 0,5 FIB and near that former resistance level-zone at 0,2714. Also, this former resistance trendline of descending channel is near that level. This all should be more than enough to keep the price from falling further and could be a nice bounce level... If that level is lost, most probably a deeper fall down is in the cards, and we could open a SHORT trade. If holds, and price bounce up, we could be in a good position to open long trade... I don't have to say that we need BTC to cooperate for this to play out... If BTC pumps up, we have the chance to turn up without this retest, so my entry point, in that case, would be a breakout from resistance at 0.30
by PhilosophersStone
2
SPX: Crashing again! Time to panic?Hello traders and investors! Let’s see how the SPX is doing today! Breaking the short-term bull trend, the index is seeking its next support levels. We lost the Pennant downwards, along with the 21 ema and the 4,394. The 4,351 is another good support candidate, which is holding the price for now. Our last support level is the 4,305, and below this point, we might assume the index will engage a stronger bearish momentum for a few weeks. By losing the 4,305, we’ll confirm the idea that the index just did a Dead Cat Bounce to the 21 ema and it just resumed the bear trend, frustrating the possible bullish reversal to the ATH. Right now, the index is in a “no-man’s land”. While we don’t see any meaningful bullish reaction, there’s nothing to do. While we don’t see any bearish confirmation, we can’t say it’ll reverse the long-term bullish bias either. In the weekly chart, we are still above the 21 ema, and we could stay there for a few weeks from now, doing many frustrating signs. Only if we lost the 21 ema in the weekly chart we’ll see something new, and the market could do a sharper pullback. However, this won't be easy, as we have many support levels in the short/mid-term to work with. For now, let’s just calmly wait for more signs. If you liked this analysis, remember to follow me to keep in touch with my daily updates. Have a good day.
SP:SPX
by Nathan_The_Finance_Hydra
10
BTC technical bounce in near futurebased on the logic that the next developing monthly pivot gets hit (as it has the last 48 out of 50 months at least). However this level is only confirmed when monthly closes. price could rise in the next day or drop also altering its development. However based on the current consolidation and price action that is where it is now. It coincides with the weekly range play from L3 to H3 as well. optimal entry possibly as close the L3 as possible with stop on the L4 weekly or L4 daily for a tight stop. we will have to see what happens if it reaches there. This analysis was done using camarilla pivots on monthly and weekly levels
by Gunslinger2005
2
SPX: Key Points you must watch from now!Hello traders and investors! Let’s see how the SPX is doing today! The index is doing exactly what we said it would do in our previous analysis, as it lost the support at 4,435 (1h chart), turning bearish for a few days. However, it is trying to react, and this reaction came quite quickly. Since the index lost the purple trendline we knew that the bull trend got weaker, but this doesn’t mean reversal . When this happens, we usually seek the next support level, and in this case, the 4,367 is working nicely. We did a false breakout from it this week, but today’s reaction might indicate that we’ll see a reaction, at least to the 21 ema. The 1h chart has a bullish pivot point at 4,394, which the index is triggering right now at this moment. This might be the start of something new that will cause the rally to the 21 ema in the daily chart. If the trend will continue or if this will be a classic Dead Cat Bounce , it is too soon to tell. Let’s just react to the next signs. If you liked this analysis, remember to follow me to keep in touch with my daily updates, and support this idea if it helped you! Have a good day!
SP:SPX
by Nathan_The_Finance_Hydra
10
SPY, what's next ! Daily time frame.All eyes on SPY for next week ! With the previous close below the 50day MA, but also confirm below RSI neutral level. Will we see a flush or the casual bounce on the 19th ? (20th this time since theres no 19th) A bounce could lead to a bump and run setup to all time high or simply a dead cat bounce to die again end of month. Lets see if we get any news about tapering this week or any other catalyst that could lead into a bigger drop and potential correction. As mention in the crazy bullish theory, I was bullish all summer long but now it's time for a larger drop to be able to do some shopping ! Très important, tout mon attention sera tourné sur le S&P dans la prochaine semaine avec toutes les potentielles nouvelles de la prochaine semaine. Vendredi passé, SPY a terminé sous la moyenne des 50 derniers jours et sous le niveau neutre du RSI, chose très rare ces derniers temps. Va-t-on avoir droit à une plus large descente ou va-t-on voir un rebond comme on l'a vu lors des derniers mois dans pareil date, qui va résulter en bump and run setup. Comme mentionné précédemment dans l'idée relié à ce même post (crazy bullish theory), j'ai été haussier pendant l'été, mais maintenant j'aimerais avoir cette correction pour pouvoir magasiner ! A+ trade safe !
AMEX:SPY
by Willgau13
Bitcoin is confirming the next Bear MarketHello Everyone, Quick post for today. After a 20x gain over an entire year, I believe Bitcoin is confirming the next bear market cycle. Here are the technicals: 1. Rejection of the Hull Moving Average: The hull moving average has been a consistent determination in whether we remain in cycle or not. In both previous cycles, we see Bitcoin lose the hull moving average then on an attempt to regain, it rejects or fails and price continues downward. 2. Death cross: After rejecting the hull moving average, there is a death cross of the 20WMA and the 50WMA. This immediately happens after rejection and is another confirmation of a bear market. 3. Dead Cat bounce: There were 2 distinct dead cat bounces right after the fall from each cycle ATH. This is noticeable with the bearish price action: low volume higher price 4. Negative RSI: RSI seems to be going down as bitcoin continued to make highs. This is a bearish indication 5. Weakening MACD: MACD is weakening as bitcoin has another attempt at the 65k all time high. Although some of you may be discouraged, angry, or depressed the bear market is the best place to DCA and restock swing trade buys. My guess is the bottom is consistent with the 200WMA as it has been the bottom of each of the other two bear cycles. My plan moving forward is to DCA between the 100 and 200 WMA as well as look for swing trade plays during the bear market. As always, be patient, use risk management, and good luck trading!
BITSTAMP:BTCUSDShort
by RomanXIV
17
$BTC rally-base-drop reversalMy view on #bitcoin non-religiously considering the simple facts. Short-term we are going to be ranging between 200 DMA and 21 WMA, with strong rejection from 200 DMA sealing the faith of this dead-cat bounce. From S&D perspective #bitcoin is now completing the rally-base-drop reversal pattern perfectly. I will be saving all money I can to buy the 200 WMA. As said in my previous publications, this is where bulls with balls are being made and the ever running $BTC bull run resumes.
Short
by MarianusInconnuX
5