Moving Averages are price based, lagging (or reactive) indicators that display the average price of a security over a set period of time. A Moving Average is a good way to gauge momentum as well as to confirm trends, and define areas of support and resistance. Essentially, Moving Averages smooth out the “noise” when trying to interpret charts. Noise is made up of fluctuations of both price and volume. Because a Moving Average is a lagging indicator and reacts to events that have already happened, it is not used as a predictive indicator but as an interpretive one for confirmations and analysis.
Well abore MA Ribbon, Bitcoin to continue rising . As shown in previous published ideas, bull market is just starting. I expect that BTC price ups and downs will keep the RSI above 54 level. Overbought regions are around 88-90 level. This scenario was valid over the last bull market. If this trend continue MA Ribbon on the weekly time frame will turn green. Last...
Serba Dinamik Have retest 3 times on the MA200 line since Jun18 and every retest provide good chance technical entry.
The potential upside is considerable~~~
*Disclaimer - This analysis is NOT a buy call Before you enter any trade in the financial market, it is very important that you have proper trading plan and risk management approaches.
Bitcoin has rallied higher than most people expected. There seems to be a lot of calls for the moon and bullish sentiment but I don't think the bull-market has started just yet...
On the daily we have a diverging RSI, volume is falling and if we draw an Elliot-Wave (assuming wave 5 is roughly a 1:1 of wave 1) We should expect a top not much higher than our...
In order to get my complete point of view please review my previous analysis
NOV 2018
MAR 2019
As per my previous MAR 2019 analysis in my point of view we are now 95% in a bull market for BTC, however BTC needs to get some...
The main chart shows the price is confined inside a triangle and a breakout to either side might occur. The red lines are concrete support and resistance levels drawn from the Monthly charts. Should the breakout occur, we can expect the price to test either side of the red lines.
Fundamentally the AUD would appreciate against the EUR due to trade deal almost...
The channel that was formed April 11th is still intact. Every test of the 55 EMA has seen a bounce. I do not believe that we will break the local high around 5425 on BTC/USDT. Currently I am neutral until the 55 EMA and current channel fails. Then I would expect the ABC correction to hit around 4800. If BTC is able to break the local highs, then that would...
Gold is looking bearish with the current structure of lower high and lower low formed. At the time of writing, price is currently supported by the EMA 200 which was tested 4 times prior to today's candle. We are more incline to take on a short trade in this instance despite the fact that in the higher time-frame (weekly), the trend is still pointing up. Kindly...
Hi, my first ever publised idea, hope you guys like it...This chart looks simple to me, dropping to g-cross and to the strong fib level at one time,
comment with your ideas.
Targon
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...
HKEX:1293 keeps at above the 20 SMA. MACD is about to cross and become bullish. The leg of the candle stick touch the support at 2.6 for at least 4 times.
Cut loss @2.45
Target @3.3
Buy in @2.67
Here we go, a bullish weekly close last week and we are creeping up on the 50MA.
Last time BTC was testing the 50MA it broke through and made an impressive 7200% gain.
Keep an eye on BTC reaction to the 50MA
A weekly close above the 50MA will be very bullish for me
Happy trading
XBTUSD is consolidating at 5250-5300 for last couple of days. It seems ready for a drop to 5070-5100 by tomorrow. After this, it should move upto 5300 resistance, and break it between 29th April to 5th May.
Detailed reasons on why I think so is on my Telegram channel with the name: SwapnilTradeIdeas
With broad USD strength evident as the US-SINO Trade deal nears, we might see OIL prices gain strength as well as global slowdown fears slowly subside. Moreover, OPEC and The US controlling the production of OIL by imposing sanctions and other measures we could see the demand for OIL increase soon.
Here in the main chart, we could see the price on the weekly...
TLDR:
Strong Dollar kills US exports, especially value added (import raw materials and export stuff mo’ ‘spensive.) Thw chart strongly suggest the market is topping/topped. The topic is complicated, read more here. I am not going to get into either off the cuff speculation or take the effort to do more systemic modeling on how the strengthening dollar is going...
After the break below the MA before the holidays we saw an attempt to consolidate. It seems to fail. So that we may now see a retracement of the rise from January to March.
This website uses cookies to ensure you get the best experience on our website. To learn more about cookies, including how to control cookies, please read our Cookies Policy.
