I think XRPUSD will continue to consolidate sideways for a week or 2 or 3 finding good support on the weekly 50ma...and once it nears the last 2 remaining potential top trendlines of the 1 month chart's giant descending triangle we've been in for almost 2 years(the dotted yellow line and the pink log chart line), once it nears those w will s it start to gain the...
ETH is currently pulling back into support which coincides with the 50 MA. The 50 MA has been acting brilliantly as support. As further confluence we have a 61.8% fib retracement within this zone and good support. This is looking like a great entry for trend continuation.
BTC/USD need a pullback to cool off after a nice rally from 4000$ to 7500$. The reason why BTC was pumped hard is simple,traders all time shorted BTC and the whales liquidated this positions. BTC/USD now just hitted the first long term 0.236 fib resistance line which is at 7104$ and also the candle closed below this resistance line(bearish sign)+we have a huugeee...
First, acknowledgement to Trading Shot post (linked below) which influenced me on some of my 50/200 MA calculations and understanding (and hopes!): Thank you Trading Shot Factors I'm watching: LTC as a leading indicator - which I've been doing for about 2 years. Standard Fib ratios. .618 my favorite and coincides with red TA line (discussed below). I...
As I said in previous posts the weekly 50 moving average would be crucial to watch and even though we wicked above it we may very well now close our weekly candle well under it at this rate after a stiff rejection as the weekly 50ma maintains resistance. I anticipate we will simply form a higher low from here or a capitulation drop...one of the 2. either way the...
must keep a very close eye on this weekly 50ma we are now above...it can easily still get rejected and even though we are above it at the moment until we sustain it as solidified support it has great potential to ultimately reject priceaction and send us back down for what will likely be higher low...how far down that will be is hard to say but it can drop quite a...
a rising wedge with a breakout between 60% and 75%
is BITFINEX:ETHUSD ready for Bull Run ? We've been in a long bear market (still in bear) since the intersection of 50 MA and 100 MA. If the 100 MA is above 50 MA, the prices are falling. We are now approaching a new intersection. If the 50 MA 100 MA cuts in, the prices can start to rise. Of course, according to the movement of COINBASE:BTCUSD everything...
Finally breaking above the 1 day 50ma with authority was a great bullish sign up until the price action reached the double top point. As soon as price action retreated right at the double top point exactly it gave a great opportunity for the bears to shove the price action back downward. It may be a good risk reward zone her to exit my position and set a stop buy...
We have reached the breakout target for the yellow falling wedge. Price action actually went halfway between its target and the slightly larger red falling wedges target...finding resistance at a former strong horizontal teal trendline. What momentum we had from the breakout of the yellow and red falling wedges may now be gone as we can see the price action has...
The 4hr 50ma has me still temprarily hodling as it has hoisted priceaction up out of the falling wedge in a way that will very likely trigger the breakout. 4hr 50ma is now guarding the door back into the wedge....We will likely see a brakout triggered due to this which will result in at least a temporary bullbreak at least up to retst the 1 day 50ma again....as...
It's come down to the strong support of the 4hr 50 ma vs. the strong resistance of the 1 day 50ma...who will win? We can see here on the 4hr chart that the 4hr 50ma is doing its best currently to hoist the price action up out of the falling wedge for a breakout but each and every time it tries to breakout the 1day charts 4hr 50ma gives it a strong rejection back...
When people try to tell you all markets are manipulated, they are wrong. The math is key and charts are very algorithmic. Case and point: AAPL Bad earnings but it pumped. Is it manipulation? No. APPL was in a clear uptrend with resistance at .5 Fibonacci on the weekly and more resistance at the 50 MA on the daily. It was destined to hit these points and likely...
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Dash is experience a nice big green daily candle today which has allowed price action to climb back above the 1 day 50ma(in orange) We can see we also seem to be completing the right shoulder of an inverted head and shoulder pattern. I'm looking for a minor retrace here that retests the 1 day 50ma multiple times and keeps finding support there... if this occurs I...
As you can see, from the chart that the current trajectory of the 50 and 200 day SMA's are indicating that by mid December we will have us a Death Cross in the Broadest market measure...the S & P 500. This could however happen sooner or later than 12/12/18. This is given that the SMA's stay on their current trajectory through 12/12/18. A larger than expected...
Hello guys, boring chart, we've been trading in the same range since Oct. 15. Price is currently stuck at the 50/100 EMA, they are currently acting as resistance which is a good sign for me. The more we hit a resistance/support the weaker it get. If we indeed break that resistance I expect the 200 EMA to be the next solid resistance and the 50/100 EMA would be...