Wow! What a year for meme-coins similar to Dogecoin? (expand chart for better view) DOGE has done a 93% collapse. Some (not me) will be saying, ' it can't go much lower '. It's now in gamblers' territory - and I expect gamblers to wade into the ' kill or be killed zone' ! So yes - two things are very possible: 1 - An immediate dead cat bounce over the next...
YM1! The US equity market selloff in Q1 was pretty fierce due to a confluence of reasons. Even the large-cap stocks have entered Oversold territory, as suggested by the RSI on the E-mini Dow future. Since the middle of March, the equity market experienced a typical round of relief rally, coinciding with the Quad Witching, when a large amount of derivatives...
Hello traders and investors! Let’s see how AAPL is doing today! First, in the 1h chart, after a very strong bearish movement, it seems it did a rounded bottom chart pattern just under the support at $ 162, frustrating the bears, and reversing the trend – at least in the short-term. In addition to the rounded bottom, we had a bullish pivot point triggered,...
Hello traders and investors! Let’s see how the SPX is doing today! Since the last time it hit the 21 ema, it seems we had another DCB and the index is again at its support level. Yesterday’s volume was quite high, and if it loses the 4,167 today, the next target will be the next support at 4,056. So far, the trend is bearish, and there’s nothing indicating it’ll...
Hi everyone, 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...
In this video, I show that last night's drop is favorible but not enough to turn me bullish. Good luck trading.
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...
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...
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,...
Buy the dip only after the higher low is confirmed by volume.
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? First,...
Hi Guys, 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. The opportunity was presented when price cleared the Tenkan(4H) outside the Kumo(H4)...
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...
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,...