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Pullback

BTC-WATCH THE CLOUDS-D1 and W1 !WEEKLY (W1) Last week price action triggered a LONG BLACK CANDLE (BEARISH SIGNAL) which managed to close above the Tenkan-Sen @ 41'279. The ongoing candle, firstly broke, yesterday, the TENKAN-SEN and went lower towards the bottom of the weekly clouds which act, for the time being as support.. In order, in this weekly time frame to neutralise the selling pressure, the BTC needs, at least to recover above the former support (Tenkan-Sen) @ 41'279; this would be the first step of a potential recovery. A failure to do it on a weekly closing basis, would keep the focus on the bottom of the weekly clouds (@ 39'895) ahead of the next significant support @ 36'425 (former primary support trend line and monthly KIJUN-SEN. DAILY (D1) The cross-under 41'279, as expected and mentioned in my last analysis (see related ideas) triggered a downside acceleration in breaking in its way the psychological 40'000 support level in making an intraday low @ 39'218. A natural pullback took place, attempting to recover above the former support (daily thin clouds), currently 39'900 and 40'100 RSI @ 37.70 LAGGING LINE attempting to stay above both KS and TS. 2 SCENARIOS COULD BE SEEN FROM NOW : 1) BULLISH A successful breakout and a daily closing at least above 40'000 would neutralise "temporary" the ongoing downside risk calling for lower level; nevertheless, such kind of price action should be confirmed by an upside move continuation at least above the middle (40'841) of the yesterday's long black candle (bearish), which if seen, would trigger a PIERCING LINE , (1st bullish signal), A much bullish signal would be given by a daily closing above both the Kijun-Sen @ 41'279 and above the yesterday's opening level @ 42'159, which if achieved would trigger a BULLISH ENGULFING . a pattern which should be seen more powerful than the Piercing line previously mentioned. 2) BEARISH If the ongoing pullback attempt fails and do not achieve to recover above the levels above mentioned in the bullish scenario, then the focus will switch firstly towards the secondary support trend line (minor support) around 39'000 ahead of the more important support of 36'425 being firstly the monthly KIJUN-SEN and secondly the primary support trend line. CONCLUSION : Once again the CLOUDS and LAGGING LINE will give the answer !!! 4 HOURS (H4) Currently far below the clouds and also below TS, KS and MBB In this 4 hours time frame, it looks like any recovery should be seen as a corrective move only in an established ongoing downtrend and any rally should be considered as a better selling opportunity. It is not a surprise to see that the H4 TENKAN-SEN @ 41'334, coincides roughly with the Daily TS @ 41'279 previously mentioned as an importance new resistance to break in order to neutralise the ongoing downside move; therefore, this resistance area corroborate the daily view and as long as the BTC does not achieve to recover and hold at least above 41'279, the picture will remains bearish. 1 HOUR (H1) Currently above TS and facing the Mid Bollinger Band resistance @ 40'251 ahead of KS @ 40'793 No RSI bullish divergences detected yet in this H1 time frame which mean, for the time being corrective move and not trend reversal yet !!!! Last but not least the hourly clouds resistance are @ 42'613 (twist). IRONMAN8848 - Jean-Pierre Burki
BITSTAMP:BTCUSD
by Ironman8848
3
AAPL: Hit our target at the 21 ema! What's next?Hello traders and investors! Let’s see how AAPL is doing today! It is doing exactly as we described in our last analysis, but we have to update our thoughts now. First, in the 1h chart, it is trading under the $ 172, the most important support level in the short-term, but it just dropped to hit the next support level around $ 170 (keep this point in mind). The bearish reaction was weak, but as long as we don’t break the $ 172 again, it won’t turn bullish in the 1h chart again. What’s more, we are under the 21 ema, and we don’t see a bullish structure yet. This seems to be just a correction in the daily chart: Yes, AAPL hit our target at the 21 ema, a natural and expected movement, and it is trying to stabilize. We don’t see any bullish reaction, but if we do, now is a good time. Of course, it would be interesting to see it retesting the retracements, but the $ 170 seems to be a strong support, and we must lose it first. To me, the area at $ 168 is the ideal support, as it is the 38.2% retracement, and the previous top in March. I’ll keep you guys updated on this, so, remember to follow me to keep in touch with my daily analyses!
NASDAQ:AAPL
by Nathan_The_Finance_Hydra
6
VETUSDT PullbackThe price is testing the 0.5 Fibonacci level on the daily timeframe on 0.67$ after a rejection on 0.088$ daily resistance. On the 4h timeframe, the price is creating a triangle, and the price is testing the previous dynamic support again. How to approach? The price bounced on the previous supply zone on 0.064$. The price needs to flip again the daily resistance, and if the market is going to satisfy our rules, we could see a retest of the previous 4h support now resistance on 0.72$ –––– Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure.
Long
by InkyGrip
8
BTC - DAILY - WATCH MBB !DAILY (D1) The yesterday's failure to hold above both ongoing uptrend support line and the TENKAN-SEN triggered a downside move which pushed the BTC towards a low so far @ 44'419, having tested during the night both the MID BOLLINGER BAND support and the former downtrend line (top of the triangle pattern !) Ongoing today's price action will be important and especially its daily closing level; indeed a closing above 44'500 would keep live the TRIANGLE (pullback consolidation) and a closing below would add more trouble putting the focus on lower levels towards the 42'900 (KIJUN-SEN) % 50% Fib re t 37'567 - 48'234) RSI on a downside move mode and LAGGING LINE too ! In order to neutralise this ongoing selling pressure the BTC should at least recover and hold above the TENKAN-SEN @ 46'186 on a daily closing basis ! which if occurs would trigger a bullish engulfing pattern. 4 HOURS (H4) Currently below the CLOUDS which are very THIN, meaning also very fragile on both side ! Currently the top of the H4 CLOUDS @ 45'958 coincides roughly with the level to break on the daily chart and globally corroborate the global picture. Watch the clouds as a failure to recover and hold above it would increase the selling pressure towards the next support levels previously mentioned in D1... 1 HOUR (H1) Below the CLOUDS too; currently trying to recover above the TENKAN-SEN (@ 45'267). A successful breakout on a hourly closing basis of this level would open the door for 45'810 (KS) ahead of MBB @ 45'955 (also top of the H4 clouds) No bullish divergence detected yet suggesting that recent and current short term price action is, for the time being, corrective only... IRONMAN8848. - Jean-Pierre Burki
BITSTAMP:BTCUSD
by Ironman8848
NVDA: When will it stop correcting?Hello traders and investors! Let’s see how NVDA is looking today! First, in the 1h chart, it lost the key point at $ 272 (green line), which was not easy, and now it is just seeking its next support levels, as usual. However, we can’t say it is a bull trend anymore, not in the 1h chart, at least, but if NVDA holds at the $ 262 area (red line), the previous support level, it might do a reversal pattern soon. What’s more, this support is quite close to the 21 ema in the daily chart: In the daily chart, NVDA is already bullish, as we are doing higher highs/lows. The 21 ema is at $ 262, quite close to the support at $ 262 in the 1h chart, indicating that this is a dual-support level, seen in two different time-frames. This is a good candidate point for a reversal, but we must see a good reaction first. To me, it would be great to see it reacting at this support area, and closing above the $ 265 (black line) again. This would be the confirmation sign we need on NVDA. Despite the drop since March 29, we don’t see any bearish structure on it, and all we can assume is that this drop is just an ordinary pullback to the 21 ema, as it always does when the trend is bullish. NVDA could correct more only if the SPX/NDX keeps correcting, but hardly this would indicate a change in the trend. I’ll keep you guys updated on this, so remember to follow me to keep in touch with my daily analyses!
NASDAQ:NVDA
by Nathan_The_Finance_Hydra
15
BTCUSDT: Pullback pattern against bullish breakoutHello traders! Today BTC was looking strong bearish but suddenly it started a strong bullish move and this bullish move clearly shows that BTC is pulling back. There are 2 different kinds of patterns, dependent and independent patterns. The pullback pattern is always dependent on another pattern, it is always connected with another pattern and in the end, the pullback pattern pushes itself inside the previous pattern. Same will happen in BTC, this pullback pattern is trying to pull itself inside the previous pattern and looks like it will be successful. Once it pulls inside the previous pattern then it will lose its strength and we will see some reaction pattern after that. The reaction pattern will most probably push it downside again and it will push it without any mercy. Trading is a game of Probability and there is still a chance that the reaction pattern will be in a favor of the buyers but most probably it will be in the favor of sellers and once it starts to drop it will show no mercy. Don't forget to hit the like button and follow to stay connected
Short
by Aadil1000x
3