Hello crypto traders and hodlers,
i have a great info for each of you :)
The golden cross is really near and this means we turning the trend longterm in the bullish direction!
This doesn´t mean that the price would never go more down, it´s more than likely that we generate a double bottom (near 3.100, +/- 500 USD).
So if you want to go for the longterm hold...
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EUR/AUD - SHORT Order
Entry @ Market Price (approx. 1.6235)
SL @ 1.64
TP1 @ 1.6000
TP2 @ 1.5800
TP2 @ 1.5650
Tp4 @ 1.5500
Many pips ahead!
The CROSS (EURJPY) is currently confined in a descending channel on weekly timeframe that has been respected on numerous occasions and there also happens to be an ascending trendline that seems to be holding this pair. Have a look at the main chart of weekly timeframe to observe these two scenarios!
Now thats the technical picture which is suggesting the price...
Either way it's going to be great! We got a weekly close significantly over the $7,300 to $7,600 mark I was looking for. This keeps the price over the multi-year trend (top line of white channel). As you can see in the yellow circles the last time this happened the price continued to climb for weeks to follow. Also the 20 and 40 week moving averages are closer...
BTCUSD continues to climb and plenty of weak hands have been taking profits prematurely and missing out when it continues to pump. They fail to see how we could raise 78% from the point of our golden cross before any serious correction which is around 9.6k. That's because they aren't looking at the fact that btcusd did exactly that at the beginning of the previous...
Here is a look at the weekly Bitcoin chart on Coinbase. I have taken a SWAG at extending the 20 and 40 week moving averages to see where they might cross. I also added the RSI to see about where the bull/bear delineation might be.
I don't dispute the fact that the price is going to move around these averages, but I still maintain that we have made the first...
must keep a very close eye on this weekly 50ma we are now above...it can easily still get rejected and even though we are above it at the moment until we sustain it as solidified support it has great potential to ultimately reject priceaction and send us back down for what will likely be higher low...how far down that will be is hard to say but it can drop quite a...
Seeing a golden cross on the daily ETH USD chart should be a long term bullish signal, meaning that for the next several months prices should move higher on average for ETH.
LTC experienced a golden cross several weeks ago and prices almost doubled from that point on.
Will ETH achieve the same results?
What a great and complicated chart to make some analysis on.
First of all: nothing to worry, yet.
We made 10 consecutive days with a single retracement, starting around 4100$ up to 5400$.
A correction here is not only healthy, it's necessary!
As you can see from the chart, we were following a well structured channel, and today we clearly broke it,...
Just a snapshot of the daily LTC chart against USD and how previously golden cross and death cross proved to be strong indicators for trend changes.
If the recent golden cross provides the same result, we're in for much higher prices in the coming months.
The technical cross-section**:
A strength of trend: -2
The priority area of transactions: selling
Selling in the area of 1,1280 with a stop above 1,1340 and a profit in the area of 1,1220.
Selling in the area of 1,1320 with a stop above 1,1390 and a profit in the area of 1,1220.
The purchase in the area of 1,1200...
I appears that the stoch rsi is finding excellent support on the strong ascending 3 year old trendline keeping momentum bullish for now and has helped to increase the northern trajectory of the 1 day 50ma(in orange) to where we currently have a golden cross on track for as early as April 11th. Of course any significant selling from now until then will likely push...
Hello everyone out there in the MATRIX! - Welcome to my view on Bitcoin
We are too far away from the MA13, we have to see the candles go neutral and get it back on the right path. Lets see what Monday brings us.
Its CRAZY! BTC Broke the the MA34 line, but we have huge resistance cloud from the Ichimoku indicator, price will...
The ETHBTC cross is viewed as bullish since its December low. We have seen nice and clean impulsive rises followed by corrective pull back. The fall since 0.0396 is clearly corrective and will be followed by anew leg up, labelled 3 red. For this bullish outlook to be valid, we don't want to see trading below 0.029 low. Any break of this level will postpone our...
We can see after the recent bullish breakout from the rising wedge we were in that BTC has finally achieved the ever elusive 1 day higher high a crucial move necessary to jumpstart the next bullmarket. We of course are eventually anticipating a higher low to follow it but we may keep forming this higher high a leg or 3 more upward before correcting downward to...