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...
Since this is a ABCDE structure in a triangle;
Put your stop loss above the orange zone ( Hard resistance ).
I'd ladder tru 8050-8250.
Easy and somewhat safe.
CAT is deciding where to go but indeed is just >51% bearish and I'm still out.
What do you think about?
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The S&P 500 gapped down yesterday on the daily chart.
It looks like a potential dead-cat bounce is setting up.
Let's see if the price finds support at the 2645 level, has a short correction, and then continues its decline to 2600 or lower.
~KP
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...
Ok, we finally reached 4H Ichi and it's happening. P.S.: Have you seen that pupn and dump? Momeone drawed an upward move and FOMOs start to bu like crazy, but minutes later it was dumped. 500BTC was sold at 9k on GDAX
I'm about to call a classical Triple Top. Volume declines, momentum declines. IF(!) 8600 will be rejected and we will brake support it will be confirmed. Target 6700. Stay tuned
I mean... It's hard to belive, but I see what I see. According to this, it will test area between 8600-8950, hit 4H Ichi and come back to the downtred.
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So 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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Hi guys. I don't feel comfortable making a short call here as this company is the best of the best in my humble opinion but someone has to do it. Hopefully a healthy pullback will be followed by more growth. God bless.
This is a risky one, dream big, play small, but it's an interesting concept. I guess I see opportunity where others see a dead horse. Supply is 21 million, the RSI doesn't match up neatly but every time it drops into oversold, especially in a cluster of 3, price eventually has a nice pop. Just be Patient. Looking at February or even next summer for a target....
