The SPY is once again hitting a new all-time high today, with the market looking optimistic. As long as it continues to show the pattern of higher highs/higher lows, bullish sentiment will prevail. Last month, I made several warnings that we shouldn't try to guess the top, and that the trend is upwards. The only thing that could reverse the situation would be a...
50 MA in blue, 200 MA in green. There is a "W" pattern where the 50 MA also crosses under or over the 200 MA. It can be useful in short-term and long-term trading.
If the pattern repeats itself, with your ruler you can see that there should be a correction for the next 2 months (according to the previous corrections in the bull run which are about the same...
On Monday, BTC had finally crossed above and broke through its major resistance area located on this 1 week charts at $32,415 - $27,785.
Note:
BTC is still in a Rising Wedge Pattern as well as an Upwards Channel Pattern.
BTC is still in a massive Megaphone/Broadening Wedge Pattern otherwise known as an Ichimoku Y-Wave Pattern.
Take Note of the Liquidity...
AMEX:IWM 50 MA crossed down the 200 MA on the daily and 4H timeframe. The daily chart shows a lot of sellers. IWM also made lower highs on the weekly timeframe. Also, the exchange traded fund is resting on a trendline that it's maintained since March 2020! If we break down below 170 and it holds, IWM should see more downside. The weekly chart shows an increase...
Welcome XRP friends! Wondering where we're going? Here are some things to consider :
As we come out of our US Thanksgiving Day food comas, we're looking at some decent gains on the most recent run BUT, you're asking if this is it? Honestly, I think it still has legs for the 0.45 area where we find resistance at the 200 EMA
Look at the fork and see if it makes...
Let’s have a look at the BTC/USD 1 week chart and see what this chart and indicators are telling us.
BTC is still in a massive Falling Wedge Pattern.
BTC is also still in a massive Ichimoku Y-Wave pattern.
Note that the 50MA is still traveling DOWNWARDS towards the 200MA so we still might see a Death Cross on this 1 week timeframe.
At the moment of typing...
Looking at the BTC/USD 1 week chart, we can see that the 50MA (Yellow Line) is now getting really close to the 200MA (Red Line). A crossover would signal a Death Cross on this 1 week timeframe.
Looking at the entire history and available data on this BTC/USD 1 week chart, we can see that the 50MA has never crossed under the 200MA on this 1w timeframe. Note that...
Let’s have another quick look at the VET/USD 1w chart.
Here is a closer look at this 1w chart.
VeChain is still in its Descending Wedge Pattern on this 1w chart. Note that VET failed to close a weekly candle above its upper descending trend line of its Descending Wedge Pattern at around $0.0286. $0.0286 was also the previous high from Mon 23rd Jul...
Indicators -
• CM_Ultimate RSI Multi Timeframe
• CM_Stochastic Multi Timeframe
• CM_Stochastic Highlight Bars
Ticker - QUANDL:MULTPL/SHILLER_PE_RATIO_MONTH – Now I cannot seem to find the ticker through the search of Trading view. However, I found this by clicking on a post made about this ticker, opening the full chart, and adding it to your watchlist. (If any...
Hi everyone
Daily"
XRP broke trend a strong trend line, while leaving behind a Death Cross like many other currencies. Following BTC
Also I see the formation of a Head and shoulders that has sent the price down to the next local support level.
XRP has to over come selling pressure to keep it self above the current support $$0.76, If failing to do so we could...
Hi everyone
Daily"
Rebound up from trend line.
Stoch RSI crossed up on over sold area. Strong sign of having had reached bottom daily looking to come back up and retest 50Ma. Possible price target $190 if gone over this resistance we can see a long move all the way to $240 if bulls keep on our side.
ALWAYS look for extra confirmation on any trade, Anything...
Hi everyone
Daily"
Going short ADAUSDT
RSI still has a long way to get down to over sold area, had confirmation from red DOJI and second long Red candle. + Price fail to cross up 50 MA
ALWAYS look for extra confirmation on any trade, Anything like a bullish/ bearish candle such as the one we can see here "Red Doji'
Possible drop to $1 If bears stay strong,...
Price movement is in many ways similar to what we could see in May this year. First, it is what had preceded the movement since January. Second, it is its nature itself, particularly the high volatility candle which is in motion Today.
Reading from the left:
→ A price stops its impulsive rally to consolidate its way back towards 50 EMA (red).
→ Another impulsive...
I have been leaning towards a MA retest strategy that has been panning out pretty well these past few months.
Here is a setup from a trade last week. I primarily look for candles closing at the 4 hour closes and also around the 1 hour closes around the NY session open.
There are three MA's I use. The 20 MA (blue), 50 MA (red) and the 200 MA (gold). Not only does...
The big question is..... will history repeat itself for a 3rd time?
If we look at the BTC Daily Chart, at the moment, it looks like BTC is in a massive Descending Triangle, its apex is around October - Dec 2022.
For those that don’t know, a Descending Triangle is a Bearish Chart Pattern.
BTC needs to CLOSE back ABOVE its Descending Trend-line! If BTC cannot...
Hello traders! We see the trend being broke on the smaller time frames like the 15 minute. It has passed the 50 ema as well as the 25 ema on the 1 hour.
We see it was a bullish ride but now the bears are in control of the market. There was also a bearish engulfing candle for the entry so now we ride it all the way down.
It is overbought on the larger time frames...
The 50MA 100MA 200MA are indicators i used most on a day chart to determine if the chart is a good chart to swing trade and i use the weekly to determine trades for L.E.A.P.S. with those same indicators
