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SPY SHORT : Don't be fouled!Long for today, short for the week. Don't be fouled by the news. It is a bounce of the dead cat We say: Buy the news, sell the rumours, but the invert is as valid. Buy the rumours, sell the news. Today is a good opportunity to cut a bit... 1/4, 1/2... You know how you'll be comfortable. Just a reminder: Even if a real deal is done and the interest is reduced, it's already in the rally. This market needs a pullback. That is why, I am long for today, short as soon as it weak. Be prudent! That's all. Maybe reducing exposure. An alternative could be GOLD, BOUND, Bank stocks, Bio stocks are all good alternative. I wish you all the best! Have a good trading time! Waz
AMEX:SPYShort
by Wazaby
Bear trap before a dead cat bounce?Good day Traders Bitcoin has been battling with our DMA50 resistance, is now printing hidden bearish divergence on the daily, and we have potential for bearish DI cross looming. The recent short squeeze managed a 38.2 fib retracement after our drop from our 24 December swing high, so I have a 168.1 fib extension target of $2780 if we fail to get above DMA50. Although we had a strong volume candle on the squeeze, we lacked any volume follow-through for a continuation of a rally, and once we reached DMA50, our buying volume dropped off, unlike the build up of buying volume when we bounced from our December lows. A healthy rally would entail us taking the stairs up and elevator down but this was an elevator straight to our DMA50 resistance. We could potentially have a drop / bear trap from here, breaking below WMA200 to set new lows, invalidating the triangle from my previous chart and forming support of a large falling wedge, triggering stops just below $3k. Bitcoin should then have a dead cat bounce, first back above WMA200, then to wedge resistance, and then a breakout with a $4200-$4400 resistance target sometime towards the end of March / start of April. When btc reaches $4200, I suspect we'll encounter strong horizontal resistance as we have since we dropped below $4500 in November last year and we should meet our DMA100. Depending on the strength of trend and bottom-calling fomo, we should have a 38.2 fib retracement back to our 61.8 fib support, somewhere around $3670, which will give us 168.1 fib bull trap extension target of $5110 (to DMA200) once we break above that $4240 - $4480 and DMA100 resistance. If we have a deeper 50 fib retracement to $3500, I'll revise my bull trap target to $4770, which would be a 138.2 fib extension target. We should then potentially drop back to our $3k support, extending the bear market, with a move to new sub $2500 lows. Have a look at the NVT indicator which gives us a network value to transactions ratio and has been quite accurate so far on the daily chart for predicting the bottom/top. You'll see that we're in a great buy area on the weekly chart (flashes green for buy red for sell), but we still haven't bottomed yet on the daily chart, and you'll see that there was only 1 day where it flashed green in 2015 and that was during capitulation. Previous chart and potential to new lows from here: Scenario where we've already bottomed: Another bearish scenario:
COINBASE:BTCUSD
by Corn_Reaper
3
Short US Equities. The Dead Cat Bounce is Over.The market entered an important zone of resistance, formed by important support levels in the past. It is also failing to break through the 180 MA, where it has been rejected many times during this recent downtrend. We have also formed a double top, with bearish divergence shown on the RSI. As soon as we break resistance at 6530 with force, it will be a good short opportunity. I believe this was the completion of the dead cat bounce in the recent days, and we should now see a continuation of the downtrend. I will be playing this through SQQQ .
CME_MINI:NQ1!Short
by HBtrader22
Bitcoin : Christmas Dead Cat Bounce over ? What's next ? Hello traders. Going to open a short position around this 4170 area at the next 4hr red candle for several reasons : - We are around a 0.786 Fib Retracement from the previous 4.4k top and 3.1 bottom which is a key level for reversal. - We are making a nasty bearish divergence on RSI, MACD and Stoch, they have proven their worth during this bear market. - It looks like we might be forming a falling wedge, which is a bearish pattern. - There is always a story of power in a trend which is most of the time defined by volume. As you can see, the volume on this last pump is really not significant compared to the overall volume of the move. It was a push that was showing that the current trend might be weakening, so we want to participate in the pullback. Looking to find 3541 as first target being the 0.618 Fib retracement of this upward move. Risk Reward ratio is 3, pretty safe. What's next for BTC ? From my experience, bottoms, real bottoms, never flatten out and then spring like the action we have seen this past week. Actual bottoms are violent formation with huge wicks in the candles, enormous % variation and very brutal action. I don't define the 3.1 low as bottom, therefore I think we will see lower levels in the beginning of Q1 or later this year. I don't want to hurt feelings of the newly found bulls on this platform but I think this is only a dead cat bounce that has had a violent spring fueled by FOMO and broken dreams. Now if this is a spring, we need to see if this was the end of the action or if there is more. Basically, the intensity and volume of the coming pullback should give us clues to whats next. If BTC manages to stand it's ground at the 0.618 Fib and look for higher prices, we might be able to make a medium term higher high before going to find the real bottom. If BTC fails to hold the 2 levels that are on the chart, things will probably turn pretty ugly. Stay Open-Minded and Trade Safe. Wishing you all a Merry Christmas and beautiful end of the year celebrations ! CR.
BITMEX:BTCUSD.PShort
by Its_Gui
16
Bullish Case CAT Long or calls 4-3 WeeksCat, was one of the best performers in the past, and even they are raising forecast, every single Quarter, and yet this stocks has been sold of because of china trade history, honestly i think that this stocks is clearly oversold, and cheap, and what i see right now is that this stock is heavy shorted, and could cause a short squeeze also hourly chart is telling me that broke down trend medium term, so i bougt calls ITM $130 that expire in dic 21 3 weeks, from now, honestly if there is even hope that this trade issue could resolve this stock is going to hit $140-145 by that period, so maybe is time to take some risk and go! If you are long the stock maybe stock loss at $130 GL to everyone!
NYSE:CATLong
by Kanon8260
Bitcoin Daily Update (day 262)I believe that it is possible to beat the market through a consistent and unemotional approach. This is primarily achieved through preparing instead of reacting. Click here to learn more about how I use the indicators below and Click here to get my complete trading strategy! Please be advised that I swing trade and will often hold onto a position for > 1 month. What you do with your $ is your business, what I do with my $ is my business. My recent Bitcoin Bubble Comparison - 3 Day Chart led to the following calls: < $5,750 by 11/15/2018 & my prediction for the bottom is $2,718 by 1/20/19 | My Bitcoin Bubble Comparison - Monthly Chart closely mirrored my price and time targets | Calling for $35 ETH before the end of 2018. Previous analysis: “the next daily fractal that I am seeing is at $4,265 and that is exactly where I am expecting the next selloff to find support.” Position: Short BTC:USD from $6,353 (profit taken on 80% of position) | Short ETH:USD from $205.20 & $196.32 (profit taken on 70% of position) | Short EOS:BTC from 0.000808 | Short LTC:BTC from 0.00758 Patterns: Trying to break out of down trend from yesterday but having trouble. Horizontal support and resistance: S: $4,020 - $4,193 | R: $4,428 BTCUSDSHORTS:There was that big spike I was waiting for. Looks like big players have been taking out large shorts over the past couple days. Funding Rates: Longs pay shorts 0.1021% (holy cow) Short term trend (4 day MA): Today’s candle didn’t even test the 4 MA Medium term trend (9 day MA): Right in line with expected horizontal resistance at $5,000 - $5,200 Long term trend ( 34 day MA): Has just started to rollover Overall trend: bear Volume: Today’s volume was the most we have seen since July 24th. It is red but I am viewing the volume as bullish (at least for now) due to the hammer candle that closed. Price broke down below $4,200 and the selling volume really picked up. However support held strong at $4,000 and a bullish wick resulted. IMO this is effort exceeding result and we should get a bounce. FIB’s: My FIB line at $4,262 has held strong. Have not seen a 4h candle close below. Candlestick analysis: 4h and daily hammer candles on high volume is very bullish (at least for now) Ichimoku Cloud: 15m cloud has been very helpful for resistance. Higher TF’s are not very useful right now. TD’ Sequential: Daily r5 | 4h hit a r9 + s13 yesterday Visible Range: Next average volume node is $3,619 - $4,366 | Next high volume node is $2,015 - $2,761 Price action: 24h: -9% | 2w: -32.2% | 1m: -31.36% Bollinger Bands: Another close below the bottom band. Watch for price to close back inside and then return to MA which is > $5,750 Trendline: Price broke out of 15m channel from yesterday’s post and is trying to support a throwback Daily Trend: Bearish Fractals: From yesterday’s post: “the next daily fractal that I am seeing is at $4,265 and that is exactly where I am expecting the next selloff to find support.” So far that fractal held as support since price closed above. RSI: All time lows on Daily Stochastic: Pulling back after buy signal failed Summary: I am very confident that we are going to bounce from $4,000 support. I have been eyeing this area for months due to the gap in volume at $5,000. I did start buying back some spot BTC’ at an average price of $4,225. However I am not turning bullish / calling for a bottom and I want to make that very clear. I simply believe that there is a high probability that I will be able to sell at my profit targets of $5,000 & $5,750. I have scaled out of my BTC:USD and ETH:USD shorts capitalizing on a very nice profit and leaving a portion in play just in case $4,000 breaks down. If that happens then I will have no problem holding onto my spot BTC' and if we do get a strong bounce then I will have no problem holding onto the small short positions that remain open. If we do get a strong bounce then watch for a serious alt selloff. People will be FOMO’ing back into BTC’ and I expect support to evaporate very quickly. Capitalizing on BTC:USD and ETH:USD shorts and then putting that profit into alt:btc shorts while buying spot BTC as a hedge seems like a great trade over the next 1 - 24 hours. (for ex: short ETH:BTC, LTC:BTC, XRP:BTC, EOS:BTC and then buy spot BTC').
BITMEX:BTCUSD.P
by Sawcruhteez