Bounce
LONG - AMB- Trading OpportunityDaily retest of the previous bottom, thinking that it might reach the previous high once again.
Entry: 0.00000348
SL: 0.00000326
Target 1: 0.00000374
Target 2: 0.00000404
Target 3: 0.00000451
CryptoCue is not providing investment advice and is not taking subscribers’ personal circumstances into consideration when discussing investments. Investment involves a high degree of risk and should be considered only by persons who can afford to sustain a loss of their entire position.
CryptoCue is not registered, licensed or authorized to provide investment advice and is simply providing an opinion, which is given without any liability or reliance 1.71% whatsoever. The information contained here is not an offer or solicitation or recommendation or advice to buy, hold, or sell any security. CryptoCue makes no representation as to the completeness, accuracy or timeliness of the material provided and all information and opinions provided by CryptoCue are subject to change without notice and provided on a non-reliance basis and without acceptance of any liability or responsibility whatsoever or howsoever arising. You hereby irrevocably and unconditionally waive, release and discharge: (a) any and all accrued rights and/or benefits you may have against CryptoCue in respect of any opinion expressed or information conveyed by CryptoCue at any time; (b) any and all Claims you may have against CryptoCue arising out of any opinion expressed or information conveyed by CryptoCue at any time; (c) CryptoCue from all and any claims (whether actual or contingent and whether as an employee, office holder or in any other capacity whatsoever) including, without limitation, Claims you may have against CryptoCue arising out of any opinion expressed or information conveyed by CryptoCue at any time. ("Claims" shall include any action, proceeding, claim, demand, judgment or judgment sum of whatsoever nature or howsoever arising.) You hereby agree to indemnify and hold harmless CryptoCue in respect of any and all Losses paid, discharged, sustained or incurred by CryptoCue in the event of bringing any Claim against CryptoCue. (“Losses” shall include any and all liabilities, costs, expenses, damages, fines, impositions or losses (including but not limited to any direct, indirect or consequential losses, loss of profit, loss of earnings , loss of reputation and all interest, penalties and legal costs (calculated on a full indemnity basis) and all other reasonable professional costs and expenses and any associated value-added tax) of whatsoever nature and/or judgement sums (including interest thereon).)
RCN/BTC - Kijun Bounce and 3 Inside up printingThis is a bullish Altcoin and we all know there are not many.
It had a nice retrace to the kijun bounced and in 5 hours we will see if on the daily close it closes this 3 inside up!
This one looks primed for the next leg off the secondary corrective movement!
Trade, Chart, Learn, Repeat!
Coach K
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Disclaimer: This is not to be taken as financial advice - This is what I am doing
LONG - GRS/BTC - Trading OpportunityBINANCE:GRSBTC resting above MA200 on the 4h chart with a hidden bullish divergence, nice R/R as stop loss can be placed right below and we can target previous highs for a quick play in case BTC decides to rally.
Entry: 0.00002487
Target 1: 0.00002667
Target 2: 0.00002838
Target 3: 0.0000306
SL: 0.00002389
CryptoCue is not providing investment advice and is not taking subscribers’ personal circumstances into consideration when discussing investments. Investment involves a high degree of risk and should be considered only by persons who can afford to sustain a loss of their entire position.
CryptoCue is not registered, licensed or authorized to provide investment advice and is simply providing an opinion, which is given without any liability or reliance 1.71% whatsoever. The information contained here is not an offer or solicitation or recommendation or advice to buy, hold, or sell any security. CryptoCue makes no representation as to the completeness, accuracy or timeliness of the material provided and all information and opinions provided by CryptoCue are subject to change without notice and provided on a non-reliance basis and without acceptance of any liability or responsibility whatsoever or howsoever arising. You hereby irrevocably and unconditionally waive, release and discharge: (a) any and all accrued rights and/or benefits you may have against CryptoCue in respect of any opinion expressed or information conveyed by CryptoCue at any time; (b) any and all Claims you may have against CryptoCue arising out of any opinion expressed or information conveyed by CryptoCue at any time; (c) CryptoCue from all and any claims (whether actual or contingent and whether as an employee, office holder or in any other capacity whatsoever) including, without limitation, Claims you may have against CryptoCue arising out of any opinion expressed or information conveyed by CryptoCue at any time. ("Claims" shall include any action, proceeding, claim, demand, judgment or judgment sum of whatsoever nature or howsoever arising.) You hereby agree to indemnify and hold harmless CryptoCue in respect of any and all Losses paid, discharged, sustained or incurred by CryptoCue in the event of bringing any Claim against CryptoCue. (“Losses” shall include any and all liabilities, costs, expenses, damages, fines, impositions or losses (including but not limited to any direct, indirect or consequential losses, loss of profit, loss of earnings , loss of reputation and all interest, penalties and legal costs (calculated on a full indemnity basis) and all other reasonable professional costs and expenses and any associated value-added tax) of whatsoever nature and/or judgement sums (including interest thereon).)
Dead Cat Bounce - A Spooky PatternIntroduction
Its halloween ! And i felt like making a post about spooky stuff related to trading. I wanted to discuss about what is a zombie economy but i clearly don't have the time nor the experience to do that. So instead i'll talk about the dead cat bounce, a pattern commonly found in downtrending (bearish) markets, this pattern is also known as "Bear market rally".
We'll describe the pattern, its causes, its upsides and downsides. Unfortunately my knowledge on price patterns is relatively low, if you feel the need to correct me leave a comment.
Brace Yourself The Dead Cat Is Coming !
A dead cat bounce is a pattern appearing during downtrends, this pattern is associated to a brief upper movement (recovery) followed by a continuation of the downtrend, therefore the pattern can be classified as a retracement.
Terminology
The term "dead cat bounce" comes from the saying that "Even a dead cat will bounce if it falls from a great height", physics won't necessarily agree with that but the phrase can be deconstructed in order to explain the pattern described :
"Even a dead cat will bounce if it falls from a great height "
- Dead : Refer to the downtrend.
- Bounce : Describe the motion of the pattern.
- Great Height : Emphasis on the prior downtrending movement magnitude.
Causes Of A Dead Cat Bounce
Causes of certain motions in prices fluctuations are hard to describe, the structures (trends, cycles/seasonality...)/patterns in price can be either : stochastic (the pattern is formed because of a realizations of random fluctuations) or deterministic (the pattern is formed because of certain external causes).
A deterministic cause of a dead cat bounce is described by Kolja Johannsen as investors taking excessive risk and unprofitable positions in order to recover an initial loss in a declining market, the accumulations of those investors as well as investors believing in a reversal participate in the creation of this upward movement.
Upsides Of Dead Cat Bounces
When a security allow short positions, dead cat bounces allow late investors to go with the downtrend from a more interesting point.
In stock markets they can allow investors to potentially profit from the bounce, however such strategy require extremely precise timing, one must make sure to sell at the maximum of the retracement. Such methodology make the investor exposed to the continuity of the downtrend, thus making the risk reward extremely uninteresting.
Downsides Of Dead Cat Bounces
A dead cat bounce like any retracement is a parasitic motion in the main trend, they might make investors believe in a reversal, in a mathematical standpoint those parasitic motions affect technical indicators, this is where robustness is required, robust indicators might be able to ignore the dead cat bounce.
The dead cat bounce deform the main trend and therefore can add complexity to a trend model.
Above a simple linear trend, we can describe it as a simple line + white noise, such equations are called equations of motions. However describing a dead cat bounce mathematically might require additional complexity.
Detecting/Avoiding Dead Cat Bounces
Classifying upward movements as either a retracement or reversal is no easy task, however we can still make use of several tools in order to detect or avoid dead cat bounces.
The first tool being filters, filtering a dead cat bounce can be made using a low pass filters (filter noise/cyclic components) or notch filters (filter cyclic components). The filter setting must be adjusted in order to be able to filter the pattern.
Blackman filter of period 100
Rolling max/min with period 100 (Donchian channels), no highest low have been detected here, witch allow us to remain with the main trend, note that rolling max/min are also low pass filter.
Another approach might be made using support and resistances, we can see that both the minimum/maximum of the dead cat bounce are both pullbacks, altho this observation is clearly insignificant and lack logic (like most technical analysis approach) unlike the previously discussed method.
Conclusions
Altho my experience on patterns is low, i hope i could teach you something new in this post. Dead cat bounces make parts of those disruptive patterns that might make us take a bad position, we have also seen that they can be made from the emotional bias from investors, that is premature re-entering of a declining market, which is never a good idea. Finally we discussed methods to filter/detect such pattern.
Like most patterns in technical analysis their detection/interpretation is relatively subjective to the user, the uniformity/complexity of stock market prices make detection of patterns quite complex. But the most important thing to take from this post is that strategies robust to retracements can help the investor make better decisions, going long because of a dead cat bounce is not a enjoyable experience, that cat wasn't so alive in the end...Happy Halloween !
LONG - EVX - Trading Opportunity#EVX Another retest to support, expecting a bounce here as it usually does.
Entry: 0.00003700
TP 1: 0.00004278
TP 2: 0.00004774
TP 3: 0.00005256
SL: 0.00003374
CryptoCue is not providing investment advice and is not taking subscribers’ personal circumstances into consideration when discussing investments. Investment involves a high degree of risk and should be considered only by persons who can afford to sustain a loss of their entire position.
CryptoCue is not registered, licensed or authorized to provide investment advice and is simply providing an opinion, which is given without any liability or reliance 1.71% whatsoever. The information contained here is not an offer or solicitation or recommendation or advice to buy, hold, or sell any security. CryptoCue makes no representation as to the completeness, accuracy or timeliness of the material provided and all information and opinions provided by CryptoCue are subject to change without notice and provided on a non-reliance basis and without acceptance of any liability or responsibility whatsoever or howsoever arising. You hereby irrevocably and unconditionally waive, release and discharge: (a) any and all accrued rights and/or benefits you may have against CryptoCue in respect of any opinion expressed or information conveyed by CryptoCue at any time; (b) any and all Claims you may have against CryptoCue arising out of any opinion expressed or information conveyed by CryptoCue at any time; (c) CryptoCue from all and any claims (whether actual or contingent and whether as an employee, office holder or in any other capacity whatsoever) including, without limitation, Claims you may have against CryptoCue arising out of any opinion expressed or information conveyed by CryptoCue at any time. ("Claims" shall include any action, proceeding, claim, demand, judgment or judgment sum of whatsoever nature or howsoever arising.) You hereby agree to indemnify and hold harmless CryptoCue in respect of any and all Losses paid, discharged, sustained or incurred by CryptoCue in the event of bringing any Claim against CryptoCue. (“Losses” shall include any and all liabilities, costs, expenses, damages, fines, impositions or losses (including but not limited to any direct, indirect or consequential losses, loss of profit, loss of earnings , loss of reputation and all interest, penalties and legal costs (calculated on a full indemnity basis) and all other reasonable professional costs and expenses and any associated value-added tax) of whatsoever nature and/or judgement sums (including interest thereon).)
LONG - REQ - Trading OpportunityBINANCE: REQBTC using the daily MA50 as support looking like there is room for some upside.
Entry: 0.00000143
Target 1: 0.00000153
Target 2: 0.00000160
Target 3: 0.00000173
SL: 0.00000137
CryptoCue is not providing investment advice and is not taking subscribers’ personal circumstances into consideration when discussing investments. Investment involves a high degree of risk and should be considered only by persons who can afford to sustain a loss of their entire position.
CryptoCue is not registered, licensed or authorized to provide investment advice and is simply providing an opinion, which is given without any liability or reliance 1.71% whatsoever. The information contained here is not an offer or solicitation or recommendation or advice to buy, hold, or sell any security. CryptoCue makes no representation as to the completeness, accuracy or timeliness of the material provided and all information and opinions provided by CryptoCue are subject to change without notice and provided on a non-reliance basis and without acceptance of any liability or responsibility whatsoever or howsoever arising. You hereby irrevocably and unconditionally waive, release and discharge: (a) any and all accrued rights and/or benefits you may have against CryptoCue in respect of any opinion expressed or information conveyed by CryptoCue at any time; (b) any and all Claims you may have against CryptoCue arising out of any opinion expressed or information conveyed by CryptoCue at any time; (c) CryptoCue from all and any claims (whether actual or contingent and whether as an employee, office holder or in any other capacity whatsoever) including, without limitation, Claims you may have against CryptoCue arising out of any opinion expressed or information conveyed by CryptoCue at any time. ("Claims" shall include any action, proceeding, claim, demand, judgment or judgment sum of whatsoever nature or howsoever arising.) You hereby agree to indemnify and hold harmless CryptoCue in respect of any and all Losses paid, discharged, sustained or incurred by CryptoCue in the event of bringing any Claim against CryptoCue. (“Losses” shall include any and all liabilities, costs, expenses, damages, fines, impositions or losses (including but not limited to any direct, indirect or consequential losses, loss of profit, loss of earnings , loss of reputation and all interest, penalties and legal costs (calculated on a full indemnity basis) and all other reasonable professional costs and expenses and any associated value-added tax) of whatsoever nature and/or judgement sums (including interest thereon).)
Hammer on DailyBounce off support supplemented w/ news of large prive equity placement of up to $20M; $1M already purchased @.5/ 35% higher current SP!
20191024 XBTEUR Open Short PositionHello,
So, Clearly there's an Head & Shoulder formation at this point, RSI and all indicators tells that's a probably good time to open short position.
Price Targets:
1. 6690 Eur - Probably bounce to 6720 or not.
2. 6670 Eur - Probably bounce to 6720 this is more likely in personal opinion.
3. 6620 Eur - More probabilities to bounce and try to go back again to 6800 zone.
Cheers,
Charter X
Possible Double Bottom on DRGN ?Continuation of the linked Related Idea:
All indicators look as though they are going to go up for me.
Looks like a double bottom for DRGN ? Possible upcoming cup and handle ? Really ? Finally?
MACD RSI and the Bounce all look bullish to me.
Could this finally be the pump that lets DRGN lift off once more? Really ? Finally?
Story at 11.
Possible post-earnings bounce levels for Taiwan SemiconductorsWith industry-leading technology and low exposure to China tariffs, Taiwan Semiconductor is poised to thrive in the trade war era. The stock soared to overbought levels ahead of earnings, then blew away analyst estimates on its earnings report. However, the stock has been dropping after earnings because the price had gotten too high, too fast. Its current P/E of about 24 is about average for the semiconductor sector, but it's well above TSM's five-year average of 16. TSM is bound to bounce at some point and resume its uptrend; the question is when.
If this were any other other sector, I'd expect to plummet right through our first support level. However, semiconductors have absolutely defied gravity lately, so it's fully possible that the first support will give us our bounce. Here's one possible scenario, in which we get a mini-bounce from the first support and then a stronger bounce from the first trend line:
Here's another likely scenario in which we fall to the second trend line and bounce from there:
Even if we do break the second trend line, we've got a nice, strong volume node right underneath it at 44.17 to act as a secondary support. Best case scenario for buyers is that we head all the way down to about 42, where another strong volume node is located.
My strategy for playing this is to buy at the first trend line, with a stop loss right beneath it in case the stock breaks down further. If it does, then re-enter at the second trend line and just hold, with no stop loss. If it falls further to 42, triple the size of my position. As always, this is just an idea as to how the market will move and is not intended as investment advice. Happy trading!
7950 looks like a rejection. What to expect now? Yet again we are in the bouncy bounce territory and questions as always are the same. a. How long ? and b. How far?
From today's perspective, we see that momentum oscillators are trying to reset, and the result of reset on lower timeframes will dictate the direction of the next move.
Several things to look for:
1. 10 simple and medium line of the Bollinger are coming at the same place @8250, so this area as a next target has a lot of confluence.
2. 8250 will most likely reject the price action on the first try, but following attempts will most likely regain 10 simple.
3. If at least 4H candle closes above 10 SMA, we might see the follow through to the next levels of confluence fib .2236 located at 8320 and next to .382 nested at 8690 region.
4. Closure of daily above .382 at 8690 has the potential to reset and reverse the bearish trend.
5. My proprietary indicator for buy/sell signals, which has been a marvellous tool to indicate phenomenal long and short term trades has not given a buy signal yet, which gives me a hint to remain neutral and fully in cash as long as the bounce takes place.
6. Wave trend on daily shows that it wants to create a smaller trigger wave which is confluent with the situations when the trend reversal is likely to take place. If you take a look, we had a similar kind of signature in December 2018, and full formation of the trigger wave has resulted in the marvellous bullrun. As you can see, the pattern is somewhat similar. In the both cases we have large anchor wave reaching below -80%, we have smaller size trigger waves following shortly after and in both cases money flow (red) is cutting back to the zero line. I don't usually put much weight on a fractals like this, yet it is still interesting to see how it plays out.
7. I am out of my positions now and have no interest to long this market as long as 10 simple and median of the BB is not gained back. If we fail to close the daily candle below 7850 I am not interested in shorting the market either.
8. My current sentiment is predominantly bearish. If we start closing dailys over 8690, by all means, I will get my bulhead from the closet, but till then - the shorting is the way to go.
9. If we get rejected by the top band of the BB at 8600 and are unable to close daily candle above it, I'll be more than happy to open the short again.
Conclusion: One thing is obvious, we are looking into a massive move that will potentially take place in the upcoming days. Small signs will identify the direction of the move.
Suggestion: Don't front-run the market and don't risk your capital on 50$ moves when there is a potential thousand dollar move staring at us.
Cheers, and stay safe traders.
Archie
TRXBTC - INSIDE THE BOUNCETRXBTC on daily made HH and HL, and now should find support on 0.236 fib (0.5-0.618 fib from last low to peak) before testing higher resistances around 0.618 fibo, where there's a good S/R level.
When bull volume appears or bear volume disappears, I will go long expecting good earnings. Is on my radar. Lets see how develops
Amazon LongBullish divergence on the Daily on the MACD and the RSI - green line
We can see how the price consolidates inside in what it seems to be an ascending triangle - blue line. Formations like this tend to break upwards.
Regardless the direction of the breakout , we currently trade in the low are of the consolidation and just bounced off the demand trend-line getting ready to travel north towards the flat top .
Double bottom around 9.40 ?Not trading advice as I am still learning, but from what I gather I believe this will ride the red line down to double bottom barring good news, once double bottomed potential for 25-30% on bounce, news of trade deal or higher guidance from 36 hour sale maybe give enough momentum to push up to the 14.50 range. Double bottom forming on the weekly as-well.
Oil bounce comingNew to YouTube, check me out at Dumb Money Trader... subscribe, and keep your eyes open for new videos. I've got lots of good ideas, and lots of information to share with you all. As a retail investor, I have experienced the ups and downs, and come out on top. My way of giving back is to share the information I have gained throughout my trading career.
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EURUSD bounced on Daily chartsI am not an expert but here is my thoughts. EURUSD is in the falling channel on H4 and D charts. We see that price bounced from the bottom of the falling channel on D chart. Now its above the key level of 1.09260, needs the retest that point and should be going towards top of the channel for testing.
Entry : 1.09260
Target : 1.100
Stop-Loss : 1.088
(NOT A FINANCIAL ADVISE, PLEASE TRADE WITH YOUR OWN OPINION)