On the 4 hour chart we can see a Golden Cross MA20 crossing over MA50 on July 5, 2019. The trend line S/R at 10,777 could be retested if a break to the downside occurs. If we move upward with a clean break of the trend line the Fib .618 could be retested at 13,473. A bullish break could go to the 14K level.
BTC just touched the 50 Moving Average on the Weekly chart (more relevant) and retracted quickly. As of now it doesn't look like it has the "umpf" to go above it. We will see in the next days. My personal feeling is that the bulls need to regroup at this time as more buying power can be gathered at lower prices. This is not trading advice, just my personal opinion.
Morning All, Bitcoin has been following a channel since the drastic fall from $6480 and is now showing bullish divergence on the 4H RSI and if you look at the daily, RSI(14) is sitting at around 10-11 which is exceptionally oversold in this extended trend. MACD is starting to looking for a cross to the upside, StochRSI is oversold and price has just tested the...
The chart is self-explanatory but if in a few words; this is the classic MA100 MA50 battle. As you can see back in October/November '17 same story occurs: - MA50 Resists (Check) - MA50 Breaks (Check) - MA100 Resists (Check) - MA100 Breaks (Check) - Bull (Check) Today we are: - MA50 Resists (Check) - MA50 Breaks (Check) - MA100 Resists (Check) - MA100...
Gentlemen, every time we saw MA200, MA100, MA50 on a top-bottom sequence forming over the chart, it has produced a strong bullish move; it happened before in Jan/Feb ’15, Jan/Feb ’16 and now it’s happening again. When we look back to Jan/Feb ’16 MA200, MA100 & MA50 we see a very similar scenario. The chart starts ascending breaking both MA50 & MA100 till it hits...
up to ma50.. Neblio Profit %100 upper.. ---Risk = down 1 $ - -1900 Sat...
bitcoin bordering on ma50 and at the top level of Bollinger bands
BITTREX:ADABTC Hi everyone! I see a goof asset in good tehnical zone. I saw a very big volume before (a big buyer) . Also I see a 1) test 0.00005 line 2) bottom line of Channel of 4H time frame 3) consolidate on MA50 . I see a causal relationship. This is a second opened position in ADABTC
USD BTC, 1 hour chart, Bitstamp, 50/200 MA flip. Here on this chart we have 2 ellipses. The red ellipse represents a death cross where the 50 MA moves below the 200 MA. This is bad. Very bad. However the green ellipse highlights the 50 MA is about to move over the 200 MA. Conversely this is very good. Bullish.
Pair rejected twice at the same price, wich coincides with 38.2% fibonacci retracement and 50MA. We may expect a bearish breakout of the correction to open a short position.
So on daily chart divergence is going to its zenith and price is very close to MA50 and MA200, which I suppose will not stop pair from breakthrough.