Simple indicators for some successful trading on BTC. When prices crosses above/below the ALMA you can go long or short. Just make sure the volume is above the MA within that indicator. Set your TP and SL according to your risk management strategies (ATR is great for this). Happy trading
Gold touched the 4H 20 SMA (1457) and I opened a sell for the 38.2 fibo retrace (1266-1555) at 1447.
I need to see 3 consecutive weekly closes under the 55-EMA or a close under the 61.8% level (7250) to make a call for 5k. A trade through the 55-EMA is not a definite break call for long-term. (see last wick go through and hold fib support) Still no cross on the ADX directional index lines. This is a long-term trend look. Happy Trading! Fibo
1) We need to find max and min all time price 2) Calculate 1st average price 3) Now we have two zones above average price is Sell zone and below is Buy zone Next: Calculate prices for each zones and we can see patterns
Last time we broke below then above the 200DMA, it never took out the previous high. We just went above the 200DMA again and didn't take out the previous high. If we break over 11K We will go to a new high for 2019 I believe. If we break back below the 200DMA (Currently support) we probably head back down to the 6000s.
#BitcoinDominance recently fell below the critical 70% level coinciding with the 200 MA Weekly Moving Average. Lets see if it can rally back above before sunday close or below the MA.
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Pattern looks nice for a hold here, but am being very careful. A filtered break of the 55-ema to the downside would be killer. I like the buy here for kicks and giggles.
this is long term MA support on BTC each band is around 2.5x the next band, so it will fall to one, stall for a while, then fall to the next looking like 7000 and then 5000 maybe in a couple months
During a BTC Bull Market, that is, the current market, BTC uses the 128 day moving average as a support. I feel like a lot of traders are feeling short term bearish when they absolutely shouldn't. Descending Triangle...I get it. But last year's descending trial which broke mega bear was during a bull market. Heres some food for thought. Although a descending...
Dear friends! I continue describing the collection of Thomas DeMark’s forex indicators. In my previous articles, I have already explained such tools as Today, I going to deal with one of the most commonly used indicators in the trading world. This is the moving average MA, but it is not just a usual MA, it is Thomas DeMark Moving Average (TD Moving Average)....
Selling at market price 71.965 with # SL @ 72.410 and # TP @ 70.810 You can learn price action trading at no cost. Join my mailing list to receive more information zc.vg Join me in Forex Bootcamp for live updates using the link below. Happy trading :)
Note the following from my 15m chart: A) Iota is currently in an ascending triangle (uptrend). It is also running out of space and looks like it will break around 4pm EST. B) The 50 day moving average is currently acting as a support. C) A cup and handle has formed which is a strong indicator of an up move. D) The key here is the purple resistance line, it...
It's very uncommon for BTC to not revert to the mean and at least reset the RSI to the 50 level before continuing its trend upwards, this is a 3 day chart so be aware what I am showing could take a while to play out but its very probable.
DR. The market has crossed and closed beyond the VIDYA baseline, with my other indicators saying to go long. First TP 0.66676 Second TP 0.67344 SL 0.65885
It's Friday morning and another Bitcoin Breakdown analysis. During this week we experienced the breakout from the ascending triangle formation I reported on forming last Friday. The breakout occurred earlier than I hoped as the RSI was just to high to support a large breakout. As you can see on this Daily chart, there is a large presence of bearish divergence...
All information is provided in the chart. (Point on Yellow-notes on chart to see description) Our profile publishes analysis that focus carefully examined and identified cryptocurrencies that achieve high profits. We base everything on our own, developed scheme, the understanding of the market and its behavior. If that sounds like it could be helpful for you,...