TTD possible short as 50 MA is crossing down 200 MA
The buy price is on the backtest of the 200ma. Target $10,000 again. The stop price is below the upper blue rail.
wOw, if you look at the downward sloping trendline that I've colored blue, you'll notice it's the top of the descending triangle we were trading in before the capitulation around sept 23rd. Right when the FED launched QE 4EVER & loaned a Bank charged under the RICO 52 Billion dollars in one night, probably to short Bitcoin in fear of what Bakkt would do to the...
Next stop: the 200 daily moving average. If we break this moving average it's going to be a wild ride up!
The SPY which is the ETF the tracks the S&P 500 is forming a large ascending triangle. Note the rising 200 day moving average as well. This points to bullishness and if SPY can breakout of this pattern we will be looking at higher prices for the US market.
As traders what we want to know is if we have hit the bottom or if we are going up, or are we going to fall some more. On the post I did on the 22nd I told you we were going to fall in a matter of hours and we did. Check this out, there are 3 keep spots we need to keep an eye on to see if we are going up or down. I know the answer but I would like to hear from...
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...
Possible EURUSD shorting opportunity on the horizon. Still trading below the 200MA on the daily TF. Will see how price reacts around the 1.12 Level
$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...
Hello Traders!, An update on Bitcoin today, testing a very key resistance zone with multiple technical confluences. We have had a bullish daily candle close right below the 200 MA after trading in range bound in the orange box. Bitcoin will be extremely bullish if it breaks above this zone after an initial triple bottom… Points to consider, - Price testing...
PSG is testing the underside of the medium term trend line which acted as support since 2015. Recently we have seen the price of PSG run up to test this trendline which failed as support during August. What is also interesting to note is that in 2018 the 200 week moving average (green line) acted as support twice which could now act as resistance on this test. Not...
Hi Traders! The market is moving under the 200 MA and it is in a strong downtrend. Every time when it is bouncing back to the 200 MA, it goes down. Now it is in another potential reversal move and the MA is near again. We expect the market to continue the downtrend until the level 1.08832. Thanks and good luck :)!
Definitions of a bear market vary, but there are three truly fundamental ways to define it: Are we below the weekly 21 EMA = YES. Are we below the daily 200 MA = YES. Is the daily 50 MA below the 200 MA = almost. Despite its sensational name, a death cross (and indeed a golden cross) are incredibly reliable indicators of the approaching market trend. We...
The blue line is the 200 ma and the orange the 200sma
As you can see a candle close below the 200ma is normal in a bull market. a rebound to the upside is most likely here as the fud from the hash difficulty was misinformation because of slow blocks and estimate errors. New ATH are still in sight. However if this level breaks down a bear market could be in effect.
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...