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50ma

BTCUSD; A Fork in the Road BTCUSD has come to form nice Bearish Wedge on the Daily Chart. We must be very close to a direction decision as we are now being 'pushed up against the wall' of the 50MA & the huge downtrend line of resistance at the same time, both of which we have basically bumped our 'noggin' on 5 out of the 8 last days... Also in play, what could be considered the Left Shoulder and Head have formed, now we're possibly headed down to $5800 range support for the beginning formation of the Right Shoulder. Volume is dwindling as well. All of this looks Bearish, but the market is so tricky these days with all that's happening in the world with Economics and Pandemic issues. Either Bitcoin will bust through the 50MA and Downtrend line and ascend to the $8000 range / 200MA area or begin to descend to $5800 support. What's your sentiment? Likes & Comments appreciated, Thanks, -HP
COINBASE:BTCUSD
by MinerChad
BTC Reversal Or Death!COINBASE:BTCUSD BTC Scared the hell out of all of us last week but it looks like sunshine could be on the horizon. Development of a rising triangle during recovery 4H volume looks like its dropping towards something large 1H volume looks like we have one more "Shoulder of an incomplete Inverse H/S pattern" dip until this larger 4H move 3 Consecutive higher Lows with RSI trending higher in tandem A peak at the ZECUSD chart shows a quick move towards its 4H 50MA with a initial denial but still recovers higher then where we are now with the other alts and majors Zcash could be an interesting leader during times like this as LTC and ETH have done in the past. If BTC breaks the orange line and confirms a 4H + candle above the green, I'd say we are quickly returning to 8k in a hurry...
COINBASE:BTCUSDLong
by F0urL34f
EURUSD - Easy Pullback & Trend Continuation SetupHi Traders! The market is in a strong uptrend. As you can see, the market is in a healthy uptrend since 20th February. From then (price was around 1.08000) the market started moving up. After that the market made a retracement move. It retraced from the first pik (1.11800) towards the support (1.11000). Then the market moved up again and made the next higher high (1.12000). The market even did a so called "Golden Cross" and this could be an important signal for many traders. Now it is back on the support again. We recommend to buy the market because of the strong uptrend. Thanks and good luck :)!
Long
by swissmoneymakers
Short term BOTTOM or imminent BREAK DOWN?My fellow traders, on the weekly chart we can see that we are hovering just above the 50 moving average and just at the bottom of the Ichimoku cloud. While this could constitute a strong support and allow for at least a small bounce, there is a high risk for momentum to carry on to next week due to this strong bearish red candle. If we do break though we could potentially incur in lower lows which, together with the lower highs of two weeks ago could mean a global bearish market. My suggestion is to buy and set a tight stop loss. In case of a break down, carefully and progressively buy and accumulate on the way down. Stay tuned!
BITSTAMP:BTCUSD
by Deimos3