Riding a bull run is almost always riding an EMA value. 21 is the default here and it is my favorite.
You buy the asset when it touches the EMA again. But where to sell?
This indicator plots displaced EMA values guggesting possible sell targets. EMA is displaced by a given target profit.
The default values are adjusted on AAVE.
Thus the application presents...
Golden Ratio shows us that those targets are possible.
If Bitcoin grows not too fast that gives opportunity for the target lines to go up. Therefore I welcome the price corrections on the way. Price corrections allow for an higher all time high.
It looks like MATIC is again climbing in a channel. LONG Opportunity
On the way up there might be a resistance from SMA50 sending it back to the channel bottom (276 Satoshi)
However, eventually, I expect it to climb up to the channel top (344 Satoshi) (SHORT Opportunity)
And then back to the bottom of the channel (approx 276 Satoshi) (LONG Opportunity)
MATICBTC neatly moved in a Fibonacci Channel and fell down to 100% bottom of that channel.
Two detectors predicted the top
Golden Ratio Top Detector (UO_GRFM)
Golden Ratio Top Detector also showed the potential bottom correctly.
Future? As long as it coasts above SMA350/6h, I will consider it a bullish opportunity and keep collecting.
Bitcoin is dropping in a very clear Fibonacci Channel. I have labeled the Buy/Sell Channels in the chart. Until it goes out of the channel, this is the trend...
Personally, I would sell in the sell channel and put a stop loss to buy it if goes out of the channel. This is not financial advice. Make your own analysis. Just pointing out the use of Fibonacci Channel
"What is Profitable" indicator is showing that BNB and Alts are very strong.
BNB as been running for 42 days
Alts are pumping for the last 9 days
The longer the trend, the longer it might be
This development was not expected. This morning BNB had a tendency to drop
Normally, this detector is very useful to find the next ATH. The idea is also presented by MMCrypto. MMCrypto uses Fibonacci Multipliers on 1D and 3D.
When you try it on 6H as shown, it is displaying very interesting support and resistance points. I circled them.
Hmm. It looks like 6H is a very good time frame to trade.
You can try Golden Ratio Fibonacci...
A. BTC has hit the decreasing trend line. This line limits the BTC peaks since the all time high
B. Heikin Ashi Cross. This is a reversal sign. There was not any for the last 3 months.
C. RSI cross over with RSI average. This is the first one since the bottom.
D. Volume Impact is negative. And there was a divergence between Price and Volume Impact
See how it is showing we are in the buy zone in 1w
- We are on the 2nd BItcoin dip and the volume dip is far less.
- :ast green volume area. Buys are increasing as prices drop. This is a proof
This is showing people are heavily collecting bitcoin and prices will totally swing the other way
Now actually. Alt coins drop when bitcoin drops. So...