The bulls need a breather after that exciting run and have been stopped at least temporsrily in their tracks when the 200 EMA(in orange) closed the gate on them....Now that the bulls have had a taste, their hunger is probably running wild and they may very well be able to burst through the 200EMA gate and just above it the 200 SMA wall as well when they retest...
According to Brandon Kelly's method, ETC seems to be breaking out of last cicle. As you can see from chard above, we have alredy finished break out and break down, currently in flat line phase. (Red lines on the chart) Both, MA 7 and MA 77 have alredy crossed MA 231, which is good sign. Even better, MA7 just crossed MA 77 so I think that we can expect long run...
The moving average at 100 day close and 21 close are beginning to converge amidst resistance test. This local resistance is at $118 and will be approached in in the coming day. If volume picks up and Bollinger bands and Keltner channels stay tight with increased volume, a bull run is possible. If a bounce off the resistance happens and movement breaks the local...
As I said in my last idea 4 hours ago...even though the price action of yesterday's candle did exactly as I predicted it would while forming another encouraging higher low/higher high combo(which is great for an ongoing bull trend), it also formed a red doji, coming off of a bullish pattern which usually signals a reversal and leads to at minimum a temporary dip...
Todays BTC Candle has been wicking above the T-line(yellow line) quite a few times today which has acted as strong resistance the past couple days. It has now gone up above the t-line and touched The 200EMA(orange line) and bounced down off it a couple times today and currently, todays candle is as of this writing, still above the T-line. It's possible then that...
If you take a look at this zoomed in picture i65.tinypic.com you will see that today's candle has been repeatedly bouncing up off of the 200 day simple moving average (purple) using it as a support line and also the T line(yellow) seems to be retaining its role from yesterday as the resistance line. Hopefulyl one of these bounces off of the 200SMA will give it...
The double bullish reversal hammers on the day chart the last few days turned out to be yet another bull trap by the bears. It was first evident when the second green hammer had hardly any volume coupled with it....but far more evident once the next days candle(yesterday) began forming a bearish engulfing candle giving a solid warning to sell. The bearish...
Since BTCs decline from its all time high in December you can see it hasn't gone outside of this downward channel (in green) and today so far seems to be no exception. Another extremely reliable line of support BTC has not dipped under and has in fact bounced off of several times in the last 6 years or so is the 200 day exponential moving average (blue line) on...
Both the price and the Conversion(Tenkan line) have passed the cloud downwards signaling another bear run. It will probably test the 100 moving average again. Great oppurtunity to BUY BUY BUY. Discount season starting tomorrow!
BTC has had a massive run up to December. BTC entered overbought conditions on all time frames which do not make it attractive to trader and investors. Nobody want to buy overbought stock. BTC has had a nice pullback and is currently testing its 100 day MA and its uptrend line. We see btc go as low as 8500 here but we are looking for a close above the 100day MA....
EURUSD -0.20% had some very bullish weeks and started to retrace at 5th january, now we dropped to a very strong Psychological Support Level and we gonna see moves to the upside. In my View Euro -0.20% will make a possible double top and then retrace or actually he"ll even follow his trend and break Monthly highs. Entry: 1.1950 Sl: 1.1860 Tp: 1.2070...
As we can see, I pointed out everything in the chart! We are in a good buy-zone right now but it can take a while before we break the 0.618 fibonacci level. I can't call what we are exactly going to do but I guess we will a break-out to the 0.5 fibonacci level when the hit the triangle! I'll keep you up to date > post a comment and hit the like button!
Pascal looks good to take off! Moving averages show a drop could occur but I believe this chart will ultimately be up in the next week or so. Even if uptrend line is broken, the support are should provide many buyers! I would buy anywhere from .000072 to .000076 and profit target around .000100. Stops should be around .000070. Thanks!
Short btc ETh already about to make 20 sma cross to 50 sma on daily las time that happen it went crashing down
Moving averages per usual are lining up and the cloud is pretty significant here... Cloud breakouts are great! And so are moving averages!
Moving averages are lining up on the 30 minutes for a push and looks to be at the ichimoku. I'm looking for a break of that ichimoku cloud... risk is 0.33% while profit target is 2-2.3%
Trading this Price Action as a continuation off the Moving Average, not the signal I normally look for, but within my limits.
Here is my analysis of the GBPUSD currency pair. This pair has been down trending for a while now and past bullish leg has come to a close on previous resistance at the 1.3000 level. Price has already reacted once and has come close to the 70% overbought RSI signal. Would recommend a TP level of either 1.2700 1.2500 1.2000 and a SL position of around 1.3150...