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200ma

The daily chart and the 200 day MA The daily chart and the 200 day MA are known to provide a really good trading opportunity – not always but frequently. When price has spent some time below or above the MA and it crosses over to the other side, you should be watching this. If price retests the MA and gets rejected, you may have an opportunity to catch a multi-day runner. In the USDTHB chart here, you can see that price has crossed over above the 200dma. It is starting to pull back towards it now and possibly will stall either at the major support at 35.20 or the MA. If we get a clear sign of being rejected and a bullish candle prints above the MA, it is a good sign to take a long. If such PA develops, you could be in for massive profits IF you stay patient and committed. Also, check out AUDUSD for a similar setup. Once again, we are only watching and trading this on the daily chart. Nothing is 100% in trading, so as always, use sound money and risk management and stay patient in all your trades. If you like my content, please give it a “thumbs up” and follow me to get even more.
Education
by Trading_Vista
Chart Training with Jay Rhyder - MA SignalsHello and welcome to a small series I thought I would start to help people understand market charts. Enjoy and leave me a comment about what you liked or didn't like. Thank you for your support! ------------------------------------------------------------------------------------------------------------------------------------------------------------------ Take a look at this chart. It is a 1 hour Coinbase chart of Ethereum (ETH/USD). One of the best ways to understand if the market is going to rally or go south is to pay attention to the MOVING AVERAGES, or MA lines. As you can see, the white line on this chart is the 50 day, the dark purple one is the 200 day and the pink one is the 150 day moving average, respectfully. When you see the 50 day moving up like in this chart, and the 200 day on top of the 150 day, it is a bullish signal. The opposite is true for bearish markets. It is called a DEATH CROSS. It is when the 50 day is on the bottom of the 150 and 200 and the 200 day is on top of the 150 day moving average. When the 200 day crosses DOWN through the 150 day, it is called a DEATH CROSS and is a very, very bearish signal. If you have any questions about this short and concise tutorial, please leave your question or comment below. I hope you learned something from this short tutorial. My name is Jay - have the best day! :)
COINBASE:ETHUSDEducation
by financetrance
1
BTCUSD H4/D1 charts (2/7/2019)Good morning, traders. After the recent drop and immediate reversal price has continued to move sideways adding to traders' already pessimistic attitudes and boredom. But don't let the market lull you to sleep. These are precisely the times traders need to be extremely aware of what's going on as sudden moves often do happen and catch sleeping traders off guard. Bitmex supply side order book looks much less aggressive than it has for the past week and its buy side is stacking up once again. Bitfinex order book continues to be the leader for the spot market with demand spikes currently showing 1070 BTC at $3410 with 500 more at $3350 and another 611 at $3300, while supply side is showing 801 BTC at $3800. What we have is a continued slow drift downward within a descending wedge near the bottom of a descending channel on the D1 chart. D1 RSI also remains within the descending wedge that it has been printing and MACD remains flat with possible bullish divergence printing across November 27th til January 31st. We need to see MACD curling up before we can confirm this though. H4 RSI continues to print a symmetrical triangle which could lead to a break up. But in order to do so, demand must overcome supply. The higher RSI lows show demand increasing, but the lower highs indicate that supply is still pressuring the pair. In other words, as I have been saying, demand and supply are fighting hard for position. The weekly 200 MA is sitting at $3314 currently with weekly volume near the lows seen just before price dropped through the $6000 floor, so I wouldn't be surprised to see a retest of that MA. An objective look at what's going on, especially if you compare it to 2015, suggests that we should get a bounce off the 200 MA area, followed by a move toward the top of the TR and the descending ATH resistance, then a move back down to the bottom of the TR for a Spring followed by a move up and out of the TR. I'm not telling anyone to change their minds about moves toward $2000 and lower, only reminding them that price has continued to set up this particular move and it aligns with the weekly look at the 2015 correction. Switching from candles to line view makes the picture much clearer and I will take a look at that during this morning's live stream. Remember, my goal isn't to convince you that you are right, wrong, or otherwise, only to help you keep your emotional bearishness in check so that you trader smarter and protect your capital. At the end of the day, we are still in a corrective market until proven otherwise so the trend is down. The key is to pay attention to what's going on so that you can notice potential reversals setting up and keep from getting caught in the wrong direction when the market does reverse. Every day, we have a choice to act positively or negatively, so if you get a chance, do something decent for someone today which could be as simple as sharing a nice word with them. You just might change their day, or even their life. Remember, you can always click on the "share" button in the lower right hand of the screen, under the chart, and then click on "Make it mine" from the popup menu in order to get a live version of the chart that you can explore on your own.
BITSTAMP:BTCUSDEducation
by Chris_Inks
2