Don't expect any technical talks with such a view. I cannot say anything but... meow?
Hello Everyone!!! I just checked a very interesting scenario in the Hourly Time Frame. Seems like we moving in an Ascending Channel/Bearish Flag Pattern, and I think we're going to have a big move soon, perhaps in the New York Session even though it's long weekend. Please leave me your thought about my opinion, and if you guys like to, maybe I will create...
My patience is being tested right now. I am running out of possible days of length and price targets. I have the market in Sub-Millennial wave 1 (began June 1877), Grand SuperCycle wave 5 (began March 6, 2009), SuperCycle wave 3 (began March 23, 2020), Cycle wave 2 (began January 4, 2022), Primary wave B (began February 24, 2022), Intermediate wave C (began March...
I’m currently selling small parts because I think we can go way lower. When the upper arrow may come and the price action is right I might also look to take a short. We’ll see. Reasons: -trendline didn’t had a retest - market structure broke bullish so a channel is can very good be formed -simple fib retracement -broken resistance didn’t had retests no...
Time to be careful as there are more technical signs that all is not well: 1. dead cross firmly on the Nasdaq since 28 Feb (impending for SPX) 2. Toppish head and shoulders pattern seen on both 3. no signs of sustainable upward momentum yet (need to see a breakup of the near term downward channel for a start) Hence, do not be too eager to bottom fish and when...
Hello traders and investors! The movements on TSLA have been so technical and precise, and it is behaving according to our technique. Let’s update our thoughts. Remember, the link to yesterday's analysis is below this post, as usual. First, in the 1h chart, TSLA is still bullish, as we expected, as it is still doing higher highs/lows. Is there any bearish...
In this theory, there seems to be 3 equally weighted scenarios that may play out in the short term. Regardless, I believe the long term is still a slow trend to the upwards side. However, this could become a more exponential growth if 1 of these scenarios plays out, which has a 30% chance of occurring. Continuation to ATH: 33% "Dead-cat bounce" with a head and...
Hi guys, Please take a look at my chart. It's pretty basic and let me know how I can improve it. I'm looking to see if Bitcoin can have one last move higher to the mid 50s to complete its "dead-cat bounce scenario." RSI is too oversold and we have majors supports in the 46.5k region. 200 SMA is around the .50 Fibonacci. Thanks.
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...
The downtrend of the EURAUD, which commenced following a reversal indicated by the Head and Shoulders pattern, looks poised to continue sliding lower. This was indicated by the recent Dead Cat Bounce from the 61.8 per cent Fibonacci retracement level at 1.57112. The price action is now likely to head towards the previous swing low at 1.52680. This is part of the...
Following the completion of a Dead Cat Bounce, which is a type of pattern that indicates strong bearish pressure, the price action of the EURUSD is currently pulling back to the 61.8 per cent Fibonacci retracement level at 1.15871 from bellow. Once the pullback is completed, the broader downtrend would likely be extended lower towards the previous swing low (at...
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...
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 the SPX is doing today! Breaking the short-term bull trend, the index is seeking its next support levels. We lost the Pennant downwards, along with the 21 ema and the 4,394. The 4,351 is another good support candidate, which is holding the price for now. Our last support level is the 4,305, and below this point, we...
Hello traders and investors! Let’s see how the SPX is doing today! The index is doing exactly what we said it would do in our previous analysis, as it lost the support at 4,435 (1h chart), turning bearish for a few days. However, it is trying to react, and this reaction came quite quickly. Since the index lost the purple trendline we knew that the bull...
Hello Everyone, Quick post for today. After a 20x gain over an entire year, I believe Bitcoin is confirming the next bear market cycle. Here are the technicals: 1. Rejection of the Hull Moving Average: The hull moving average has been a consistent determination in whether we remain in cycle or not. In both previous cycles, we see Bitcoin lose the hull moving...
My view on #bitcoin non-religiously considering the simple facts. Short-term we are going to be ranging between 200 DMA and 21 WMA, with strong rejection from 200 DMA sealing the faith of this dead-cat bounce. From S&D perspective #bitcoin is now completing the rally-base-drop reversal pattern perfectly. I will be saving all money I can to buy the 200 WMA. As...
we found a few alt coin short entries over the last few weeks and they are looking pretty good about now now BTC maybe offering us a dead cat bounce. it's a very late entry on the big coin itself but it's what we'd look for after a big move like this so expect a continuation between the 50 and 61.8 retraces