Trading the Dead Cat Bounce Pattern.The DJT daily chart corresponds to the chart published in the article "Trading the Dead Cat Bounce Pattern."
Dead-cat-bounce
GE isn't THAT badTargeting a short-term bounce on GE here, typically these blue chip stocks when in heavy over-sold territory at a minimum show some short-term recovery when fear and PERCEIVED risk is high. Good opportunity to play the bounce here.
Disclosure: I have no position in GE.
VALEO - Is it the right time to enter ?On January 18, EURONEXT:FR stock price was around 66€, close to its all-time high. 9 months later, Valeo has been almost divided by 2 with the formation of a very specific type of technical price pattern. The "Dead Cat Bounce"
As defined by Helen Alpino, the dead cat bounce comes a time in a downtrend when bear traders decide to take profit. Bull traders believe that the downtrend has come to an end and that the bottom has been reached. This is what we have seen from March to May 2018 with a 50% retracement.
Technically, we can also clearly identified the Elliot Waves and we can now consider that we are in wave 5 . The fibonacci extension of Wave 1 is around the 2/2,272 which confirm the end of Wave 3. Finally, volumes are in increasing since June 18.
From now, several options can appears:
1. Wave 5 finishes the down trend around the support area (tested 2 times as you can see on the chart and we could expect a strong reaction.
2. We consider the Wave 1 to project the Wave 5 end which give us target around 27€
Q3 results (forecasted for end of October), strongly awaited by the market, will definetly give the trend for the next months.
My recommandation : Remain attentive to EURONEXT:FR . We arrive on the downtrend end where we could face a strong bull reaction
CBIS Pulse is faint but pulsing with research quivers...Watch CCI momentum with MACD here. . . future profits and earnings TBD. Await patents and studies. Expect they'll eventually have to sell the farm here to pay for all the cannabis / hemp studies. Ent Value / Mkt Value is 1.02. A new medical advisory board for new medical products. One patent issued 2017 for treatment of neurobahaviors and could lead to positive litigation...TBD. This is a watch and wait scenerio for entry...@pokethebear
Studies mainly on Endogenous cannabinnoid family, which are produced in our bodies, vs natural occuring phytocannabinoids from cannabis, or made synthetically. CBIS studies may be specific to proving scientific value as neuromodulators and their absorption/binding to the our bodies fatty lipid areas/tissues and possibly dosage. If there's a pHD in the room to help confirm wording here, but the study and health benefits of CBD, CBDA, CBG, CBGA, THC, THCA, 9-THC, 9-THCA, 8-THC and THCV. Aka proving the science to the F&DA each endocannabinoid does something specific (sleep aid, pain releif, epileptic med., ADHD/ADD med., reduce inflamation, anxiety, psoriasis (skin inflammation), slows bacterial growth, inhibit cancer cells (first study published), stimulate appetite, reduce vomiting/diarrhea, and several other benefits.
Bitcoin Bounce in effect?I see two targets as possible 'relative' highs
first target at $6547.00
second target at $6741.00
followed by continuation of trend to the down side
--if the maximum bounce is seen if price meets the $6741.00 target --> sell off to sub $6k to somewhere around $5950.00
---> followed by bounce to $6260.00 range
---> followed by the 5th wave down to range of $5750
this is strictly based on fractal or repeat of a previous price decline from an earlier time frame.
this is merely a thought exercise.
Bitcoin Daily Update (day 193)I believe that it is possible to beat the market through a consistent and unemotional approach. This is primarily achieved through preparing instead of reacting. Click here to learn more about how I use the indicators below and Click here to get my complete trading strategy! Please be advised that I swing trade and will often hold onto a position for > 1 month. What you do with your $ is your business, what I do with my $ is my business.
My latest Bitcoin Bubble Analysis led to the following predictions: 1 day - 28 days = < $5,750 | bottom prediction: $2,860 by 10/30
Previous analysis / position: “Still waiting on a bounce off support before continuing the draw down” / Short ETH:USD. Took profit on 33% of position improving my average cost basis to $317.37 per ETH.
Patterns: Descending triangle / 4h bear flag
Horizontal support and resistance: S: $6,126 - $6,166 | R: $6,200? | $6,380
BTCUSDSHORTS: Continuing to pull back after a slightly lower high.
Funding Rates: Shorts pay longs 0.0349%
12 & 26 EMA’s (calculate % difference): 12 = -8.04% | 26 = -8.69%
50 & 128 MA’s: 50 =11.36% | 128 = -13.73%
Volume: Current selloff is significantly above MA on 4h chart.
FIB’s: 1 = $6,039 | 0.886 = $6,300
Candlestick analysis: Prior 3 day candle engulfed the 3 before it. 4h hammer
Ichimoku Cloud: C clamp on the 4h
TD’ Sequential: 1h is currently on a 9. Daily is on a 4
Visible Range: 2 month lookback has point of control (POC) at $6,400. 3m-1y all have POC between $6,300 - $6,400. Expect that to become strong resistance.
BTC’ Price Spreadsheet: 12h = -3.98% | 24h = -3.94% | 1w = -13.76% | 2w = -7.63 | 1m = -7.78%
Bollinger Bands: Just about touched the bottom of the daily band on this last selloff. Bouncing from bottom 4h band.
Trendline: N/A
Daily Trend: Bearish
Fractals: Just broke through another down. Next one = $5,855 | Up = $7,437
On Balance Volume: Moving down with price, no div’s
ADX: ADX continues to move up while -DI and +DI continue to diverge, as would be expected.
Chaikin Money Flow: Moving down with price, it’s a little worrisome how far daily and weekly have to fall before becoming overold.
RSI (30 setting): W = 48.29 | D = 42.89 | Similar to CMF’ it’s a little worrisome how far daily and weekly have to fall before becoming overold.
Stoch: Weekly getting ready to make bearish crossover. Daily is reaching oversold territory.
Summary: When the markets start moving I like to pay close attention to the shorter term MA’s to give me an idea of when to expect consolidation and/or a correction to the upside. In one of my Telegram groups someone pointed out the 20 and 200 MA’s on the 4 hour chart and said to watch for the death cross.
I noticed that the price tends to retest the 200 MA before selling off again and think that will be a great area to place some orders to sell
The 4h bear flag breaking down on volume tells me that we may not make it back to that area. I always watch for the breakdown of the flag itself as well as horizontal support from the pole, both of with occured. Still having one third of my short position open on ETH makes me feel comfortable either way.
If you are not in a position and you didn’t sell the 4h bear flag then it is time to wait. If we get a bounce then you get a high percentage short. If we don’t get a bounce then you need to be okay with missing out on a move.
Today is Saturday, go outside and enjoy the beautiful summer weather! Even if you are in a position, set your stop loss and forget about it!
BTC in the channel. MAX Target $7500BTC jumped from lowwer channel into higher one. Previous resistances changed into support. The Dead Cat still flying until the next stronger resistance or breaking channel. RSI indicates a bit energy left in the air to glide up.
Upcoming Death Cross on the 50 and 30 Week MA'sIt's not time to get too excited just yet. Still holding onto my $4,200 target in October. I am a bear until we get above $12,000 and trade above long term moving averages that are in a bullish posture. Won't be re-opening a short just yet, will be waiting to see how the MA's hold as resistance.
[SCALP] IOTA quick tradeHello guys,
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 :)
BTC/USD Potential bounce incomingWe 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 great opportunities.
ETC Classic formationDear Cryptotraders,
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 under comments that ETC could go 10USD. Of course not so fast! :) There We would miss perfect oppotunities to play on 30-40% long bounces before !
Media are laughing at people that are holding fiat cash. Because companies are afraid people would short 'Em All ! Like some smart fellas in 2008.
Enjoy!
My previous analysis:
$AVP Avon Holding LT Support$AVP appears to be holding long term support just under $2
Should be good for a decent bounce before next ER
3k bears still not dead?So, we did end the c wave at 1.23x wave a
But, we didn't end the correction on any fib level which seems to suggest that the correction might not be over.
Although we are bullish for now (till 16k area i expect), but we the bears may return.
Some signs to watch out for:
strong reversal after a 3rd wave up (c wave), we are currently in the first wave
hidden bearish divergence on high TFs, probably on daily as we reach this point of reversal.
Be careful :)
#3kbearsclub
BTCUSD above 8000$ is just a dead cat bounceTo much resistance lies in front of us. Euphoria is misplaced!
ROAD to 5k; Dead Cat bounces.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 tepid water which is being slowly boiled to dead. ( Road to 5k. )
Stay strong.
Road to 5k; Another Short opportunity.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.
S&P 500 - Potential Dead-Cat BounceThe 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 Dead Cat Bounce?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 the KRI at $1,075. If momentum reignites, we must break through the central moving average of the KRI currently at about $1,275, where BCH is currently hovering. Then we will need to best $1,400, $1,438, $1,500, and $1,522. The upper bound of the KRI will be the next point of resistance at $1,532, then after that, $1,764, the lower anchor of our nested Fibonacci levels, seems to be a reasonable target.
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BTC 9k is great, but...(Update to my previous chart)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
BTC Triple Top forming? 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
BTC's Mysterious similarities 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.
BTC. Interesting matching ;)While it definatly about to jumpbriefly, but it's only to hit 1H Ichi and come back to the previouse trend
