Thank you for considering reading my idea.
Disclaimer: The chart shown is not an exact prediction of what's going to happen on the prices. Instead, it is a pattern that could play out.
Sooner or later, Bitcoin will get this relief rally and people would be optimistic. But ever since we broke down the 50 week moving average (yellow...
Here is my insight on QCOM
For the bounce case
~ 4 hr chart has not broken the support yet signifying we could see a bounce before going through it.
~ slight RSI bullish divergence in last 2 days signifies a small pullback could come.
~ we are on the 0.382 fib zone which is a zone to watch since pullbacks on an uptrend like that zone.
~ After going down a whopping...
Likely BTC/USD ABC correction in play.
Notice the confluence of extensions and key levels. If compared to the 4 hour downtrend line (in white), a bounce to 56k would still make a daily downtrend valid.
Meanwhile the recent bounce off of $47.1K could be a potential support but the more likely scenario is a bear flag and an ABC dead cat bounce.
Zooming out to...
Hello friends, today you can review the 1H charts for Bitcoin (BTCUSD), Ethereum (ETHUSD) and Litecoin (LTCUSD).
#CryptoPickk notes the following:
1) As the entire crypto market fell drastically, the potential for a move upwards is very possible. In these scenarios, a Dead Cat Bounce Pattern is very possible.
2) For anyone that doesn't know what a Dead Cat...
BITCOIN almost ready for the big up.. BOUNCE has just happened! If you see the MFI indicator on daily, it reveals we have indeed bounced and at a local final bottom. Im expecting a dip to 55k one last time, (probably a wick) but expect a reversal. The Bounce has happened.
Ankr just had a nice run up but it looks like a Dead Cat Bounce (DCB) may be at play comparing it to the last pump. Remember the 786 fib line with a DCB.
What are your thoughts? Comment below and hit the like please. Thank you!
Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis . Don't...
Over the last few weeks, I've come across this image on a nearly daily basis. Bears were calling for a massive dump, back to $30k or even $10k in some cases.
Now that we've made a new local high of ~55k, can we finally confirm that the August pump was not a dead cat bounce?
As mentioned in many other analyses, I think we're going to see a new all time high soon,...
Hello traders and investors! Let’s see how TSLA is doing today!
We finally hit our target that we set on Sep 7, at $ 780! At the time, TSLA just reached our previous target at $ 753 (link below). Despite the short-term noise, TSLA couldn’t resist the trend, and ultimately, did what it should’ve done. Now, we are above our target, so, what to expect next?
the above is Ichimoku daily applied to the 4H chart (54;156;312;156).
Also the daily moving averages 50 & 100 have been converted to show in the 4H chart (50=300;100=600).
Below the Daily chart with its standard Ichimoku (9;26;52;26) but without Chikou and Tenkan.
Currently having some form of resistance around the RM0.98 region, having able to surpass this, I believe MYX:AIRASIA has much room to move higher.
Targeting an initial area of RM1.50, then RM2.12 and further RM2.63 (lesser probability) IF the initial RM0.98 resistance area is broken.
These are just my views and in no way represent any buy/sell call or...
As we can see, we fall on the 61% which is often the dead cat bounce level or the B wave in Elliott Wave.
The stock market is probably ready to make a major correction soon the Evergrande news can make it faster.
And we have to remember we have some single print in 19.8k to 21k (this is price was hit only a single time which market often retest.) without talk...
Hello traders and investors! Let’s see how AMZN is doing today!
Today’s reaction in the 1h chart might be just a Dead Cat Bounce, as long as we lack bullish structure. However, AMZN is doing some interesting patterns, and it is worth to pay attention to them, as they might be early signs of reversal.
First, AMZN is seeking its 21 ema again, and if we defeat it,...
TLDR : Expect ranging , dip and then blast to orbit
For valid supply takeout pattern structure should have these components:
- clean stage 1 ahead of it
- does it have stage 2 (both of those stages are a must)
- does it have stage 3 (optional, but its a plus)
The most important stage 4 is a momentum takeout, or if not that, at least an obvious micro shelf buildup...
The Australian Dollar may be resuming its top against the US Dollar after a potential 'Dead Cat Bonce'.
A bearish 'Death Cross' is still in play between the 20-day and 50-day Simple Moving Averages.
Still, the 200-day SMA is playing out as key support.
A turn back lower and downtrend resumption entails clearing the June 21st low. Such an outcome may open the...
Hello traders! The S&P almost hit our target at 4,118 (only 10 points from it...), but it still could reach there. We must be careful with the resistance lurking around the 4,175. The S&P could hit there and drop again.
We still have a strong divergence on RSI, and the price is still looking weak. Be careful with the Dead Cat Bounce. I wonder if we'll finally see...
I believe bitcoin is in a very awkward stage right now. Is it bullish? Is it bearish? Here's my honest take on bitcoin right now.
For the short term, I think bitcoin will drop. Where? I think a perfect bounce would happen around the .382 Fib level. This aligns with our "possible" upward support line, daily 100 moving average, and the bottom...