Looks like the 3rd wave DID in fact consist of a 3, 4, 5 on the Elliot wave. I am still holding onto this 200 day MA as support theory, while respecting the fib retracement levels at 46901 and 46232.
This would be the 3rd time we test / breach the 200 day MA in the last month. If we hold these levels again and start our reversal, I expect the whale bears will be...
My BTC Bull Hypothesis.
- BTC breached the 200 day MA briefly, and rallied a proper 5 wave impulse. However, the attention to detail is important as we have 2 clear impulse patterns to count here.
- A closer look will show the fib extension targets of 2.618 on the most recent move up, and the larger wave 1 shown with the Elliot wave drawn.
- The lower 2.618...
Does history repeat itself, or is BTC just getting tired and the bears are going to have their way with it. You be the judge. Feeling bullish on the current environment and the technicals are screaming good things! The time is now.
#ChartPorn #PerspectiveMatters #SeekingConfluence
My hypothesis has so far played out flawlessly. Have continued to make money shorting. Meanwhile, the thick orange line has proved strong resistance to bounce off. The new additions of White Shoulders indicates a Head and Shoulders playing out right on top of the 200 day Moving Average. Should we break the 200 day again it's a quick 10k move down.
I am looking at the distance of the Nasdaq-100 from its 200-day moving average. I am looking as far back as 2015. What we see here is something slightly historic... it's the most extended it's been from its 200-day moving average in a long time.
I examined the chart and the last time the distance from its 200-day MA was above 30 for a long period of time was...
Bear flag on 4hr time-frame, vs bullish support on longer-term time-frames. This extrapolation would be a breakdown of the bear flag targeting around $7.4K and again testing the previous maro bull flag resistance turned support trend-line, before continuing the bullish rally to $11.5K. The 4hr RSI remains oversold while struggling to leave these conditions,...
As can be seen on the Daily chart using the TI Indicator, we are currently at the 50 Week MA on a Sequential 9. While the long-term 200 Week MA is sloping downwards (has a bearish posture), the 50 Week MA is rising (has a bullish posture). It's also clear from previous TD 9's, whether buy or sell signals, have been very reliable in calling short-term tops and...
While remaining neutral-bearish on the BTCUSD charts, BTC1! is looking like a shorting opportunity. There is notably an increase in buying volume over the past week, however the largest volume day was when price was rejected by both the 100 & 200 Day MA simultaneously.
Needless to say, the bear channel resistance is lined up with this MA bear-cross. With the...
This fractal extrapolation comes from the September to November 2019 consildation, fake-out, pump and subsequent dump, not so long ago. The fakeout nature of the low is reminiscent of the October 25th pump to $8,800 from the fake-out to the low $7,300 area. Not only do we see the mid-term $7,800 support turn into resistance, but also how the 100 & 200 Day MAs...
VPVR (Visible Range) shows median traded price at $9180 level with the support level of the descending triangle at $9020. Note this is also the 200 Day MA level, therefore this is not a short call. The measured move of -8.5% calculates the price target of $8250, which is another VPVR level of median price from the recent volume history from the breakdown of the ...
Part 10: It's time to talk about the bear cross that was confirmed yesterday, the 50 Day MA crossing the 200 Day MA. 3 out of 4 of Bitcoin's bear crosses have been bearish long-term indicating a further 50% drop in price (2012, 2014 and 2018). In the shorter-term, Bitcoin also twice rallied by 50% in two of these occasions (2014 and 2015) before continuing higher...
A quick look at the projected 200 EMA & MA bear-cross on the Daily chart. From the March 16th 2018 bearcross at $8,273, the bullcross didn't occur until over a year later on April 4th 2019 at $4,911 after a 40% correction. The current gain in price since this 2019 bullcross has been 60%. Unless the price moves above $8500 within the coming days, the EMA & MA...
$TEAM held the key support level of $120 during yesterday's $WDAY selloff. The 200-day moving average of $120.32 held as the low for the day was $120.41 a share. We expect a strong bounce over the next few days as a swing trade.
Atlassian Corporation Plc, through its subsidiaries, designs, develops, licenses, and maintains various software products worldwide. It...
For over a day and a half Bitcoin has formed a symmetrical triangle against the dollar, while being stuck between the 200 Day MA and the 200 Day EMA . The symmetrical triangle is 52 bars (2d4h) long with 75% completion working out as 39 bars (1d15h) - the current hourly candle. Notably the 200 Day MA is no longer in the triangle, so a retest would therefore...
BTCUSD price is stuck between the 200 Day MA at $8,311 and the 200 Day EMA: $8,768. Waiting for a close above 200 Day EMA ($8.8K) or below 200 Day MA ($8.2K) to open a long/short position. Daily RSI oversold, CMF has turned bearish, MACD looks tragic. Waiting for the next breakout or fakeout, likely downwards.
