I'm very bearish about IOTA at the moment. Still we are looking for profits.
After this huge drop, we can expect a (dead cat) bounce.
BUY : Around 1.04USD
SELL : 1.12USD
STOP : Anywhere below 1.018
Risky trade, only put a small amount of your capital OR tighen the stop :)
We will be seeing some new relative lows, probably below 6K, this may send retail investors into a state of panic, many people will open up shorts. When this happens whales will seize the opportunity and pump the market. The bounce may very well be a dead cat and not exactly an initiation of the next bull market. Alts may break support and fall lower , offering...
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...
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
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...
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.
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
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...
If we compare Bitcoin chart with Willy Woo's theory of 3 Dead Cats and A Moon,
then we find a pattern like in this graph.
and it's showing ore bullish pattern ahead after we complete the 3rd dead cat (or 3rd attempt to bounce ).
one of the best strategy to survive from this is just HODL.
This is my first analysis and I am very new to technical analysis, so 'bear' with me. Here is the daily chart, since the two are very much complementing each other:
The chart is scaled logarithmically, since it gives a better picture of what happened in the past over the linear chart.
What worries me the...