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Bounce

QQQ Selloff or Rally? Learn how to Read Charts, Remove Bias.I discuss five indications that traders need caution on QQQ (and market generally) instead of expecting an immediate directional move. This video demonstrates how to use chart analysis to form context for placing trades. By understanding the daily chart, traders can then look for good trade entries on smaller timeframes. I also created this video to counter all the directional predictions on Twitter. When developing a trade idea, consider how long it may take for the price move to happen. While channel lines and RSI may seem basic, these are some essential indicators that tell a story of what is happening. Successful traders may find this dry or unhelpful. I have recorded this for newer traders, and really for anyone who still needs to master chart analysis. If you are still copying trades without seeing your own confident setups, then watch this video.
NASDAQ:QQQ
by OptionsRising
9
First bounce with valid RSI support First, this is not entirely my idea. Someone posted it in chat, and then deleted it immediately and then I couldn't find them or their chart. But I saw it long enough to get the picture. The 3 bounces prior to this one since $17.8, have all crossed over above 30 on the RSI, on the 4 hour. Generally those aren't oversold enough conditions to make significant impact. This one is different however, as you can see it crossed below the 30, and that's a bullish signal. Couple that with the double bottom and it makes for a compelling case for a strong rally to the upside. In any case, I'm staying cautious, leaning a bit bullish. Will place some longs if we can get clean above $21,500. But they will be tightly controlled as things are tricky to read right now. There are other indicators working against BTC too of course. Zoomed in, the chart actually shows a triple bottom forming on the 15m, which is like a double bottom, but more specifically a reversal signal. Regardless of all of this, the chart zoomed out, at a glance, looks quite sketchy, IMO, but I still think we go to low $22k.
Long
by D-Rock_Anomaly
2
Textbook Double Bottom If we're going to reverse this trend in the short term, I'd wager that this double bottom is a good potential spot for it to happen, and it might take us to the heavy resistance zone in the low 23k range. This is just a short term idea for the next 12-24 hours or so, not a prediction of an overall trend reversal to the upside, I think a revisit ~$18k is easily possible... But it's a tricky market to read right now, it's very split. I like simple ideas in times like these.
Long
by D-Rock_Anomaly
🤖 #BTCLIVE - 22.08 - #IDEA 🤖🤖 #BTCLIVE - 22.08 - #IDEA 🤖 Snapshot: I honestly feel we are now in the last phase of this bear movement, with "Fixed HODL'd BTC" increasing again I don't think there are much big pots left or wanting to be sold. General outlook we will descend and consolidate slowly down from retail traders completely giving up hope now and smart money is in 100% bull mode looking to buy at any opportunity below $20k. This is starting to sync nicely with the DXY coming to a natural point of rejection (That itself narrowly dodged an incredibly bearish breakdown. I believe we are looking at about $18.5k as the possible floor now.
INDEX:BTCUSD
by Kryptochristian
daily trend change back to bear likely bounce seems imminenti think its obvious that the daily trend has changed back to bearish, and the levels ive marked out, upper if we atay over pivot and lower if we remain beneath, are key support and reaistance that remain. i think we ahould revisit TRAMA and SSS levels but not outgain the QQE short entry. fibo time zone 5 is over, and the correction b wave should play outover to 8. rising and falling trendlines are long term resistance and support.
BITSTAMP:BTCUSDLong
by cerealpatterns
SHIB - Woof-Woof! Bounce from trendlineReasons to take long: ⭐️ BTC 70 ATR ⭐️ Big volume at bottom ⭐️ Trendline is clearly seen on daily timeframe ⭐️ Impulsive movement ⭐️ 105 ATR Fix profit by parts: 1% - 1/3 2% - 1/3, stoploss to breakeven What's left, hold to the maximum What do you think of this idea? What is your opinion? Share it in the comments📄🖌 If you like the idea, please give it a like. This is the best "Thank you!" for the author 😊 P.S. Always do your own analysis before a trade. Put a stop loss. Fix profit in parts. Withdraw profits in fiat and reward yourself
Long
by Artem_Dishel
11
SOL bounce from strong zone🥊Reasons to take long: ⭐️ BTC has fallen too sharply ⭐️ Retesting strong zone ⭐️ Impulse is too sharp ⭐️ Pinbars are present ⭐️ Only 1st approach Idea will be invalidated if we see further range in this zone for a couple hours Fix profit by parts: 1% - 1/3 2% - 1/3, stoploss to breakeven What's left, hold to the maximum What do you think of this idea? What is your opinion? Share it in the comments📄🖌 If you like the idea, please give it a like. This is the best "Thank you!" for the author 😊 P.S. Always do your own analysis before a trade. Put a stop loss. Fix profit in parts. Withdraw profits in fiat and reward yourself and your loved ones
Long
by Artem_Dishel
4
AUDCHF I Swing Downwards 70+ pips Welcome back! Here's an analysis of this pair! **AUDCHF - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support! Brian & Kenya Horton, BK Forex Academy
Short
by BKTradingAcademy
2
AUDJPY Potential Buy from Support Welcome back! Here's an analysis of this pair! **AUDJPY - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support! Brian & Kenya Horton, BK Forex Academy
Long
by BKTradingAcademy
BTC: LAST HOPE FOR BULLS!!Hello everyone, if you like the idea, do not forget to support with a like and follow. Welcome to this BTC update. BTC is continuously dropping after the rejection from the $22.5k resistance level. It is forming a bear flag in a 12hr time frame and currently hovering near the lower trendline of the flag. As long as BTC stays above this lower trendline ($19k) we can expect a bounce from here. If in any case, it breaks down from this bear flag (Break below $19k) then be ready for another low. Support:- $19k Resistance:- $22.5k If you like this idea then do support it with like and follow. Also, share your views in the comment section. Thank You!
Long
by CoreCrypto1
6
NVDA Updated ForecastHey all, I've been making plenty of posts lately about possible bounce plays into the end of July, one of which was NVDA; noticeably to me, NVDA is the only name that hasn't held up well since I've made said posts. Looking back at NVDA's chart, I'm still very confident it has a strong bounce into the end of July-especially considering market conditions, NVDA's oversold state into a strong support zone, and its history of strong bounces ahead of future legs down. HOWEVER, I'm no longer confident it sees the low 210's anytime soon as I previously predicted; my conservative, revised price target would be the low-180's. Should NVDA see the low 210's in July/August, I still believe it would be a generational shorting opportunity. Note- though I do own some NVDA at a cost basis of 153.61/share in anticipation of a bounce, I am trying my best to provide objective advice to help you all navigate the markets
NASDAQ:NVDA
by MichaelEugen1
2
Possible pullback into larger bounceHello all, I'm currently watching SQ as a swing long on a potential pullback into the end of the week to benefit from a potential market bounce that I've been anticipating into the end of July; I think we are repeating patterns across the board that we made in the lead-up to the march fakeout Rally- made a rectangle around where I suspect we are in said lead-up. Not everything will be 1 for 1, of course, but my convictions through July are that we go higher before the market eventually makes the next leg lower. Best of luck all!
NYSE:XYZ
by MichaelEugen1
2