As you may be aware, the Bitcoin price has recently dropped both the Simple Moving Average (SMA) 50 and SMA 100 below, indicating a potential shift in market sentiment. The current state of the Bitcoin market demands our utmost attention and prudence. Acknowledging the significance of these indicators is crucial, as they often serve as reliable signals for...
After the bullish break-out of the crude inverse head-and-shoulders pattern (suggesting momentum reversal) as well as the 200 weekly SMA (thick orange line) in March, following a retest of the 200 weekly SMA, BTC appears to have returned to a long-term bullish trend. Important levels to consider next are the dotted horizontal red-lines as indicated on the chart.
Historically every time EMA20 crossed EMA50 on this chart, a violent upswing happened, testing the EMA200. If EMA200 is crossed, violent moves up to +100% are likely, otherwise rejection back to EMA50. However, given that EMA200 is so close this time, a breakout is becoming more likely. Closely watching this situation that should resolve in a day or...
I want to draw your attention to an intriguing scenario involving Dogecoin (DOGE) trading, specifically when the price is below the Simple Moving Averages (SMA) of 50 and 200. Still, the Moving Average Convergence Divergence (MACD) indicator shows a promising trend reversal. While such a situation may appear tempting, exercising caution and thoroughly evaluating...
After arriving at the 200 EMA, Gold has made a bullish RSI divergence on the daily chart. This could act a possible consolidation area or serve as the beginning of a fresh up move.
What to expect from PEPE ? At least that it makes the same movement as SHIBA in the last bullrun, LINA, ARPA or MTL in the past weeks. Without significant resistances, the target level always remains the last high zone. Give me your opinion.
TMV is an ETF Shorting the Treasuries. On the 2H chart, price is rising as the treasuries are suffering value contraction while interest rates are steady or projected to rise. The chart shows rising volumes, upwards volatility as well as a PV Trend demonstrating trend strength. I see these all as confirmatory for bullish momentum. I will take a long trade into...
1. Trading in a box range from a long time and now closing above resistance of 307-309 2. Closing Above 200EMA 3. Volume>Volume 50MA 4. RSI=70 5. ST and MT Outlook: Long Buildup Entry: Near CMP 311.90 SL: Below 307 Exit: 318,335
TSLA is here on the weekly chart. I have added a couple of anchored VWAPs and their standard deviations to the chart itself. The two indicators are the zerio-lag MACD which shows upgoing lines crossing the zero horizontal line and a positive histogram. The Price Volume Trend indicator shows a cross and consistent upgoing action since February 1, 2023. The...
Starbucks has staggered since late 2022, and now traders could see risk of a push lower. The first pattern on today’s chart is high-volume bearish gap on May 3 after the coffee chain issued weak guidance. The stock held it 50-day simple moving average (SMA) for about two weeks after the drop, then continued lower to its 200-day SMA. SBUX spent about five weeks...
Munich Rueck held stable this year. Now we've seen the retracement of the rise since March by almost 38 %. However a further retracement is possible I consider the chance of a recovery from here. We have reached the bottom of the trading range which we are in since April and the current level of our favoured Moving Average.
HTC pulled back to SMA50 on 23rd June 2023; however, without strength. It was both in the first and second week after the pulling back the price closed below SMA50. Therefore, It's likely that HTC will continue its downward trend.
Imagine a world, where The Crypto Weather Channel had its own bank. That bank stored a large amount of its capital reserves in Bitcoin at the start of the Bull Market. This is what that would look like. #Long Take Profit: $66,442 (5th Halving Price) Entry: $26,976 (CAT 1 Price) Stop Loss: $15,473 (Market Cycle Low)
UVXY trades inverse to the general market direction in a leveraged manner. An example of this is shown on the current chart 15 minutes time frame of the price action this week. I have added two indicators the buy low sell high composite and price volume trend to support entries and exits which are typically done on lower time frame charts. On the chart, if a...
WKHS, in a move similar to others in the same sector on a 15-minute chart shows that price has moved above and outside the Bolliger Bands about a basis line which inflected from down to up in the afternoon of the prior session. The MACD lines crossed underneath the histogram midday and have moved up impending a cross of the horizontal zero line all on a...
The strategy involves entering a long position when a shorter period moving average crosses above a longer period moving average, and exiting the position when the shorter period moving average crosses below the longer period moving average. This is a classic trend-following strategy, and is often referred to as a "Moving Average Crossover Strategy".
I wanted to bring an important development to your attention that could impact your Bitcoin trading strategies. The 100 Simple Moving Average (SMA) is currently on the verge of crossing the 50 SMA, indicating a potential shift in market dynamics. I urge you to consider this information cautiously and adjust your expectations accordingly. As experienced traders,...
Nike has lagged the broader market this year. Some traders may see an opportunity to push the downside, especially with weak quarterly results and slowing growth in China. The first pattern on today’s chart is the 200-day simple moving average (SMA), which the footwear stock broke in mid-May. It tried and failed to reclaim it last month – a potential sign of the...