We closed above the 10 SMA weekly and trading above the 10 SMA weekly (orange line.)
Next resistance is the 20 SMA around $5.00; but I doubt it'll stop there. My signal is once we close and trade above the 10 SMA weekly for EOS/USD, it's a buy signal and hodl. That's it folks.
I am long EOS and will be holding it for a while.
I'll give you a more detailed analysis than my previous post.
BTC is preparing its cross and it'll consolidate a bit longer within this range to frustrate everyone a little more. After retesting previous high, expect a draw-back down to the 50 EMA to test support.
We're only beginning the first phase of the bull market. This first phase is to shake everyone out...
Usually don't like copying people trades or mimicking other analysis. But it seems Tradingview front page is starting to call the same exact analysis I've posted for several months now.
This isn't a "I call it first," but I don't like when people take other analysis and call it their own. It leaves a bad taste.
For all the traders and anyone wanting to know what...
I believe ALT season is getting closer upon. You can tell by how much most ALTS are starting to diverge from BTC price action. When BTC dumps, ALTs will either stay sideways and when BTC pumps, they make bigger gains.
This is the first clear sign of a possible bottom for ALTs. So lets talk about EOS.
What is the best buy entry for EOS? When price close/open...
There's a couple of ALTS that looks ready to fire off. In the crypto market, what you want to see is Bitcoin Dominance drop and BTC price to remain sideways. At the current time, BTC price is sideways.
BTC dominance has not dropped just yet, but as you can see for TRON. We're on a horizontal support with WEEKLY CCI curling back to the upside and crossing the 50...
The entry is to accumulate when price gets closer to the red line (20 SMA Weekly.)
Most people are drawing the symmetrical triangle, you can draw it however you want. But I've been looking at this as an ascending triangle with the bias to the upside. We're still in consolidation, so don't rush it. The signal is to wait for the Parabolic Sar to flip bullish...
I've been following BTC for a while. I haven't updated because nobody checks this tradinview page of mine, so I don't really update as frequent. If you followed my other platforms, you'll know that I was calling for downside previous to what I've posted here on tradingview.
Anyways, here's the macro picture of BTC. Very easy to follow. The signal? Just wait til...
Bulls have been shaken out of their positions, futures premium are decreasing in value. Is it time to long?
12HR is showing support on 21 EMA with its horizontal support. Must close a candle above and open above to confirm.
4HR is showing bullish divergence (not confirmed yet)
Once confirmed, if 4HR can close above the 50 EMA with another candle open above that...
A lot of folks are looking at the same thing, the symmetrical triangle. What happens when everyone looks at the same thing and expecting a bull break out? It does the opposite.
I am starting to lean more bias down side to flush these bulls out of the market and then up-and-onwards we go, back up.
There's bearish divergence on the daily. Today, within those...
I'll keep it simple. I am still long since 9,800 and have been holding since the golden cross has played out.
We hit our first resistance on the 2-Day time frame around 12.2k - 12.5k. The second resistance if we break above 12.2k with a candle close/open is the local high for BTC around 12.5 - 13k.
The blue box is the next target I am looking at to possible add...
I recently suffered from a broken foot and I restrained from posting anything since this week.
When on my bed, I took a long when the 1HR played out the Golden Cross of 50 EMA and 200 EMA.
I've posted a analysis of price coming down to meet the 21 EMA weekly or 21 EMA weekly meeting price. It seems the latter of these two will be true. Instead of price going...
We currently broke the 10 SMA on weekly and closed below. For those who want confirmation for an actual break of the 10 SMA, you'll need to wait for the next weekly candle to open below before taking a short. Because price can close below, but open above the following week. For those who feel itchy for a trade, shorting under the 10 SMA weekly after the retest...
I've tried to clean the chart and made it more easy to understand and to read with less paragraphs.
This is just a scalp idea, it is not for a long term hold position. Like I stated before in my previous analysis, any rally BTC make will be sold into as we're in an active mid-term down trend on the weekly. My target for this short term scalp is around 9.7k-ish....
These are the interest of areas, where the 21 EMA weekly resides. As this week candle close fairly soon, the EMA will move up higher into the mid 8000's range. There are many confluences in these area that traders and investors are looking at for a possible long term HODL position. Notice I said possible, not guaranteed.
I've posted a chart last week voicing my...
Hold on just a minute here.
BTC is just making a bounce, the Mid-term analysis is still down as the SAR printed on the weekly time-frame, you can check out that post in my previous charting.
So what's going on with BTC? Lets break it down, hope you can keep up.
10 SMA - Orange line
21 EMA - Yellow line
20 SMA - Red line or bollinger band medium line
I've posted a chart last week explaining the implications of BTC and how it'll make its way down to the 21 EMA weekly, which right at this moment sit somewhere in the mid-8000's. The first bounce I will be taking is in those area on the 12 HR chart where the 200 MA (pink link) and 200 EMA (purple link) meets. As long as we're closing candles and opening candles...
Longing here is risky due to the mid-term trend is down, not up. Taking a short after a rally will be more in your favor. This trading idea is more for the scalpers and for the public to have an idea what BTC is doing.
I'll keep it simple.
Yellow line - 21 EMA
Pink line - 200 MA
Purple line - 200 EMA
Orange line - 10 SMA
On the 8 HR time-frame, BTC is still...
I'll keep it simple.
10 SMA - Orange line,
21 EMA - Yellow Line,
20 SMA - Red Line,
Parabolic Sar - dotted crosses
The parabolic sar has printed on the weekly time-frame. I don't use SAR personally unless it is on the weekly which have a very high percentage of playing out. You can see every time the SAR has printed on the weekly, there was...