Back @ That Top Resistance Line AgainAfter a ridiculous day, BTC has somewhat settled.
Xi said the magic words,
Trump continues to be less qualified then a carton of curdled milk to run our country
and our our (coincidentally) 4 month exactly lower trend line held intact.
Both the Upper Trend Line and an extension of the lower triangles support line were broken,
However our massive pull back has us position above the 200sma and the extended top resistance line from our previous triangle.
BTC most likely grinds away at the purple resistance line for day or 2 before volume forces another large move.
The Closer the 200 gets to that purple trend line the more likely we flag and continue higher,
Next resistance being the 10k psych and 10.9k from our last local high before the break down.
Sma
Dead Cross For Bitcoin? Are you scared? It seems like we're pretty close to dead cross fo Bitcoin. BTCUSDT is just 300$ or 1 ATR away from a dead cross.
With the current state of the market, we can reach it just in a few days.
Are you scared, what do you think will happen next?
Do you think Dead Cross works for crypto?
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BATBTC - 1D Entering Resistance with mixed signalsBINANCE:BATBTC has been moving great over the last few weeks, although progress will be hard to come by soon I think.
Resistance is visible in the red box. Two times the areas circled in red in the red box held as support, but the price is now approaching from below meaning they could prove as points of resistance.
The 50 day SMA is forecasted to cross above the 100 day SMA in the coming days as shown by the forecasting in my Triple Many Moving Averages indicator.
My Smoothed RSI indicator is showing an extended period of time spent with an elevated RSI. This is usually a bearish sign.
MACD still trending upwards, bullish.
Stochastic RSI is at overbought levels and appears to be peaking at lower levels while the price is climbing. Also, this is a very high Stochastic RSI compared to its levels where the red box price area once acted as support, as pointed out by the red circles on the indicator.
This might be a good opportunity for me to take partial profits and buy the dip. I am targeting 3000 satoshis for this current move, but I think I would be interested in buying the dip.
I remain Neutral because I expect there to be more time to accumulate.
DISCLAIMER: For educational and entertainment purposes only. Nothing in this content should be interpreted as financial advice or a recommendation to buy or sell any sort of security or investment including all types of crypto. DYOR, TYOB.
BTC | Extended Boring Price ActionAs I have mentioned earlier this month, BTC price action is consolidating into a more narrower and tighter range hoping to see a breakout/breakdown in the near term. As we continue to wait for either or, prices continue to consolidate putting traders and enthusiasts to sleep. I agree, it's been pretty bleak for the past few weeks.
What we do see is that the .382 support level has not been breached yet but what is alarming to see is the 21 SMA breaking the 100 SMA on the daily last week. The last time this happened was back on August 14, 2018, which then lasted for 6 months.
Will we see this occurring again? If so, should we expect a bear market for another 6 months?
Let me know your thoughts.
Constance Brown Composite Index, RSI, DOSC Exploration Preliminary exploration of Constance Brown's trading style with a focus on divergence plotting with the Composite Index, RSI + Averages, and the Derivative Oscillator.
first, hide the price action + derivative oscillator so they're not visible, and only the RSI + CBCI are visible:
next, plot vertical lines where the CBCI (gray) crosses above or below it's two moving averages (sma11&33, aqua and green):
then, use the CBCI to spot divergences on the RSI, as an indicator of an indicator to spot divergences.
The CBCI was designed to have momentum + not be range bound and to work to spot divs on the RSI, as follows:
then draw the vertical lines from the crossovers on the price action/candlesticks and unhide the chart:
label/check each divergence and unhide the derivative oscillator:
then, mark on the derivative oscillator zero line crosses + directional momentum changes:
Filter out the majority of derivative oscillator zero line crosses and directional changes that occur during div periods that don't overlap:
Finally, filter derivative oscillator signals to congruence to divergence type and plot on chart:
Nasty rejection of Daily 200 MA and Easy trade setups. Greetings Ya all,
If you have placed a short right below the 200 MA , congratulations on your phenomenal profits.
This was one of the more easily anticipated and sure trades that we might have during upcoming weeks. After spending quite a long time away from the 200MA as it was anticipated, it rejected a price action and returned it to a status quo.
I anticipate that, if we come to on ef the following scenarios:
- We more than likely will pass daily 200MA on the second and the third try.
- The price will surely get rejected from daily 200 SMA
- And we will get violently rejected again by 377 SMA , because we have spent a prolonged time away from this moving average.
Stay safe my people and have a profitable week-end.
Cheers
Archie
ETHUSD - Long on 4HCOINBASE:ETHUSD looks like it's in a favorable position for a long at this point in time.
1 - Price is holding above the 50 period SMA on the 4H chart, while at the same time the price has been trending down in a narrow range over the last few days.
2 - MACD momentum is turning. This does not mean a lot, but in order for it to flip to being bullish again, the histogram needs to be shrinking from the red side like this.
3 - The Stochastic RSI has been low for quite a while as the price has traded in the narrow descending range. In my experience this has usually lead to at least some sort of relief.
I am keeping an eye on the entire market though. Bitcoin is likely to break out of it's long consolidated pattern and could disrupt many, if not all crypto related charts when that happens. Keeping eyes open on the entire crypto market.
DISCLAIMER: For educational and entertainment purposes only. Nothing in this content should be interpreted as financial advice or a recommendation to buy or sell any sort of security or investment including all types of crypto. DYOR, TYOB.
Final StandBTC Hit a brick wall between that downward trend line and the 89ema. Look for 9600 - 9475 Blue Box Zone as the Bull response zone.
If that doesn't hold, I suspect this symmetrical/descending/Down ward channel to break lower.
I also find an interesting support line at 9050. We'll see if it helps at all.
This looks nasty but I suspect a strong bounce off of one of these 2 areas.
If the bulls do get a bounce, watch for volume because they could shoot for an upward break without violating the true formation downwards.
ALL EYES ON THE BLUE BOX, Thar She Blows!
BTCUSD TECHNICAL ANALYSIS ON H4 TIMEFRAMEHi.
It seems that Bitcoin hasn’t decided yet where to go,not to mention that the prices are stucked in a symmetrical triangle.
If the prices break above 10300$ which is the triangle resistence,the prices may rise as much as the triangle’s height.
Note that 100 SMA has crossed above 200 SMA which indicate that buyers are ready to take the control of market.
Moreover,stochastic indicator is moving up and it has just came out of oversold area.
However,if the prices cannot break above the afforsaid resistence,it may fall down to 9800$ or even lower.
with you many pips.
thanks for visiting.
Will TSLA bounce back towards recent highs?Currently crossing above its 20 Day SMA and testing its 50 Day SMA Midterm Trend, TSLA looks like an interesting opportunity based on wether the stock crosses its resistance or support level. The stock remains volatile due to current production uncertainties and global trade tensions.
Demo of how my FUSIONGAPS indicator might be used.Link to my indicator:
According to this chart, it appears BTC still have some downside to go, before a turnaround.
Look out for a significant positive peak (turn-around) of the 50/15 blue oscillator (blue color fill) as a possible indication of a good position to enter.
Possible indication of good price points to exit seems to be where the 50/15 oscillator (fuchsia color fill) have peaked in the negative region.
Not a financial/trading/investment advice. Exercise your own judgement and take responsibility for your own trades. ;)
And if you like this set of indicators, and it has benefited you in some ways, please consider tipping a little to my HRT fund. =D
cybernetwork @ EOS
37DzRVwodp5UZBYjCKvVoZ5bDdDqhr7798 @ BTC
MPr8Zhmpsx2uh3F5R4WD98MRJJpwuLBhA3 @ LTC
1Je6c1vvSCW7V2vA6RYDt6CEvqGYgT44F4 @ BCH
AS259bXGthuj4VZ1QPzD39W3ut4fQV5giC @ NEO
rDonew8fRDkZFv7dZYe5w3L1vJSE51zFAx @ Ripple XRP
0xc0161d27201914FC0bAe5e350a193c8658fc4742 @ ETH
GAX6UDAJ52OGZW4FVVG3WLGIOJLGG2C7CTO5ZDUK2P6M6QMYBJMSJTDL @ Stellar XLM
xrb_16s8cj8eoangfa96shsnkir3wctdzy76ajui4zexek6xmqssweu85rdjxrt4 @ Nano
~JuniAiko
(=^~^=)v~
FUSIONGAPS DEMO2: BTCUSD winding up for another massive pump?Another chart analysing DEMO using my FUSIONGAPS oscillator showing a possible mid-term trend of BTC, by comparing on historical oscillator trends/patterns.
Link to my FUSIONGAPS indicator:
An earlier chart showing how to use FUSIONGAPS to pick possible good time/price for entry/exit.
Not a financial/trading/investment advice. Exercise your own judgement and take responsibility for your own trades. ;)
And if you like this set of indicators, and it has benefited you in some ways, please consider tipping a little to my HRT fund. =D
cybernetwork @ EOS
37DzRVwodp5UZBYjCKvVoZ5bDdDqhr7798 @ BTC
MPr8Zhmpsx2uh3F5R4WD98MRJJpwuLBhA3 @ LTC
1Je6c1vvSCW7V2vA6RYDt6CEvqGYgT44F4 @ BCH
AS259bXGthuj4VZ1QPzD39W3ut4fQV5giC @ NEO
rDonew8fRDkZFv7dZYe5w3L1vJSE51zFAx @ Ripple XRP
0xc0161d27201914FC0bAe5e350a193c8658fc4742 @ ETH
GAX6UDAJ52OGZW4FVVG3WLGIOJLGG2C7CTO5ZDUK2P6M6QMYBJMSJTDL @ Stellar XLM
xrb_16s8cj8eoangfa96shsnkir3wctdzy76ajui4zexek6xmqssweu85rdjxrt4 @ Nano
~JuniAiko
(=^~^=)v~
NVDA, A Few PossibilitiesShort term analysis going into Mid August. Cross between the 20 Day and 200 Day SMA should happen shortly, as well as 50 Day and 200 Day crossing shortly thereafter. Looking to fill the gap @$171.80 then possible reversal. We also have $170 Flat as resistance along with the .618 Fibonacci level at 169.99, coming from our recent swing high of $193.10 and swing low of 132.60. If not I am looking for a bounce on the 20 Day around $168.40~ for a reversal. If those two possibilities do not play out I believe we will bounce off 165 flat while the Golden Cross occurs! Will be looking for signs of reversal and confirmation to enter some Calls. May short to the 20 Day/.618 if $171.80 is broke.
-jnarzzz
NEWS: BTC lost support on 55 EMA - is the bull run over?Since the weekend, BTC had been in a range between the critical 21 and 55 exponential moving average - the latter coinciding with the 0.382 Fib retracement level, and just below the psychological $10,000 level.
In the last hour the 55 EMA has failed and we are left with three potential targets:
$8000 at the 100 Moving Average
$7400 at the 0.618 Fib retracement level
$6000 at the 200 Moving Average
Most of us would agree that BTC has the potential to go to $100,000 and beyond over the coming years. But these things take time and should take time. Let me know your thoughts below... where are we going to next?
Here is the link for my free EMA/SMA indicator , which you can see has proved invaluable to tracking the bull run of the last few months. As long as we stay above the daily 21 EMA = the bull run is in action. Once we drop below the daily 55 EMA = a strong indication the current bull run may be over. The 100 and 200 MA then step in as the strongest and most respected of long term support.
Also save crucial space on your Trading View chart by utilising my RSI and Stoch RSI free indicator which overlays both in a clear and helpful fashion.
Please give me a thumbs up and follow me if you found my analysis interesting. This is for educational purposes only and not a recommendation to buy or sell.
Interesting..... Look at this 2 day.. Bullish Y/N?Was just messing around earlier and decided to check out what a two day chart looks like as well as a 3 day and wow.. Look at my chart and see where the FFT (colorful indicator) turned blue like that n the past and what happened after it started to trend up.. Now look at where we are today and look at how strong that movement up is!!!
Wow i think we might be going pretty high on this bull run...
The 3 day makes me feel even more confident when i say that!
I think we are in due for a little retrace but i dont think its going to be as bad as everyone predicting.. I feel like we are going to shoot up like crazy again one day soon.. (wouldnt be surprised if it were today.. But yeah I think bitcoins just crazy like that and doesnt like to follow regular TA and charting rules.. Obviously lol..
Crazy though huh?
Or what do you guys think?
3 Day
The perfect entry# Resistance broken
# Tested as support
# Buy signal completed (bullish engulfing)
I am entering at market price 1.72024 with
# SL below the engulfing pattern @ 1.71535 and
# TP higher up around resistance @ 1.74815
To learn the dynamics behind this trading strategy please join my mailing list at www.profitfxza.com
Always exercise good risk management. Don't bet the farm and don't invest what you can't afford to lose.
XRPUSD 4H DOUBLE DEATH CROSSChart has 50 sma, 100 sma & 200 sma
Price Action needs to be converging around SMA's
Step 1
50 ma cross above 100 sma and candle closed
Enter 1st trade @ 50% trade size
SL below sma's & wicks
TP you decide
Step 2
Price closed above 200 sma
Enter 2nd trade @ 50% trade size
SL below sma's & wicks
TP you decide