ETC Classic formationDear Cryptotraders,
I would like to present You my period in short statement. You may wonder why only short? Kind of phase We need to pass through, slow, less and less volatile to dull everybody so They could develop Their buisness with astonishing comeback as proove of perversities presence in this system.
This is my second short setup on ETC/USD pair, I stated under comments that ETC could go 10USD. Of course not so fast! :) There We would miss perfect oppotunities to play on 30-40% long bounces before !
Media are laughing at people that are holding fiat cash. Because companies are afraid people would short 'Em All ! Like some smart fellas in 2008.
Enjoy!
My previous analysis:
CAT
$AVP Avon Holding LT Support$AVP appears to be holding long term support just under $2
Should be good for a decent bounce before next ER
Stock Market’s Stop Signs Fail to Yield to A Busy Earnings WeekLast week was chock full of earnings. There was enough GOOD news to lift the market out of the doldrums, but profit-takers were instead the most active. Some individual stocks perform fantastically and will be the ones to watch going forward. They may leave the rest of the market behind as the major indices get weighed down by some big under-performers.
The Market’s Stop Signs Fail to Yield to A Busy Earnings Week drduru.com $SPY $QQQ $IWM $XLF $XRT #VIX #T2108 #AT40 $AAPL $AMZN $AZO $BA $BBY $CAT $CMG $FB $FSLR $INTC $MMM $MSFT $ORLY $GLD $SLV $DXY $USD $AUDJPY #forex
3k bears still not dead?So, we did end the c wave at 1.23x wave a
But, we didn't end the correction on any fib level which seems to suggest that the correction might not be over.
Although we are bullish for now (till 16k area i expect), but we the bears may return.
Some signs to watch out for:
strong reversal after a 3rd wave up (c wave), we are currently in the first wave
hidden bearish divergence on high TFs, probably on daily as we reach this point of reversal.
Be careful :)
#3kbearsclub
ROAD to 5k; Dead Cat bounces.High probability that this was the bounce and it is forming a sideways ABCDE in a triangle.
Price action continues, still 2-3 trades i foresee as going both long and shorts between profitable.
Be careful tho, remember 11.400 ? That's where bloody waterfall emerged. The same could happen again.
Remember: This is a dead cat (RIP) and you are the frog in the tepid water which is being slowly boiled to dead. ( Road to 5k. )
Stay strong.
Bitcoin Cash Dead Cat Bounce?Bitcoin Cash has tested some levels in the lower $1,200 handle. Thankfully, it rejected these and rebounded to $1,275, which appears to be a very strong level. Currently, it corresponds with the central moving average of the KRI. If current prices do not hold, we'll have support from $1,200, as well as Fibonacci levels at $1,144, $965, then the lower bound of the KRI at $1,075. If momentum reignites, we must break through the central moving average of the KRI currently at about $1,275, where BCH is currently hovering. Then we will need to best $1,400, $1,438, $1,500, and $1,522. The upper bound of the KRI will be the next point of resistance at $1,532, then after that, $1,764, the lower anchor of our nested Fibonacci levels, seems to be a reasonable target.
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BTC: Bull trapSo we bounced on the 6100 support level on the 200 SMA
If we are still in the crash of the biggest bubble in mankind's history, which i think we are, i expect a bounce of 50% like the nasdaq did when it crashed in 2000, before resuming the downward move.
So we might reach the $9200 resistance before going down again.
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