USD/JPY UptrendIn Daily Candle it touched the 100 MA and Trend line, we will expect to see an other 1 or 2 days bearish and it will continue the bullish.
100ma
BTC - Boring Range H4Hello guys, boring chart, we've been trading in the same range since Oct. 15.
Price is currently stuck at the 50/100 EMA, they are currently acting as resistance which is a good sign for me. The more we hit a resistance/support the weaker it get. If we indeed break that resistance I expect the 200 EMA to be the next solid resistance and the 50/100 EMA would be acting as support. MORE SIDEWAYS ACTION LOL. But at the same time, what apply to the 50/100 EMA resistance right now apply for the 200 EMA too. We tested it 5 times since Oct 15. But is 5 times in the last week enough to smash the ol' n' mighty 200 EMA, hmm...
The other important thing that I'm seeing is that we are currently consolidating/distributing below a important pivot point (6500~) which could be a good sign of a future breakout above or below.
So I will be waiting for a breakout on either direction, even thought I feel more bullish right now.
Be patient, trade wisely, don't copy me and of course keep learning !
vOid
XLM/USD going BULLISH?!XLM found some resistance at the 200-day MA, and is now touching both the 20-Day MA and the 100-Day MA. the 20-Day MA has passed with success the 50-Day MA and is now about to pass the 100-Day MA. We might be entering a Bull run on Stellar. Once it passes the 200-Day MA, with volume, i say it will moon! Let's see how the market reacts.
Trumps Economy | S&P 500 Analysis | BullishAccording to my technical analysis on the weekly chart using the TD-Sequential Indicators along with the 50 MA (Moving Average) and the 100MA in the purple, we've got a really great chance of a few weeks of some upside. Maybe new all-time highs!!
At the time of this writing, the S&P500 (SPX) is on a green '3' of '9' candle on this weekly chart.
Typically, a perfect setup is what a green '2' closing ABOVE a green '1' candle; Which is exactly what happened here on the weekly chart!
We're finding really good support along the 50MA (in the blue). Every now and then we hit the 100MA (in the purple), but we always bounce off that support line.
There's a lot of uncertainty in the markets because of the tariff battle going on; However, I don't think this is going to really hurt the market much. I'm not a financial advisor, but overall, I'm bullish in this economy.
Bitcoin Sitting In No Mans LandSimply sitting in no mans land. we are now using the 100 EMA as support which is bullish news. 6800 is still the key resistance level that we need to break if we plan on moving up any higher
IOTA/USD LONGLooks like IOTA is forming a falling wedge
bullish RSI divergence gives us extra confirmation
2 ways to trade this move:
1) We place a buy order above resistance of the falling wedge, if it breaks up, the falling wedge is in play, our buy order will be triggered and we ride the wave to $1.8 resistance + 100 MA
2) We wait for a reversal candle at $1.642 support + support trend of falling wedge to go long, this will able us to place a tight Stop loss under $1.642 support and again take profit at $1.8 resistance + 100 MA
NZD/USD updateOk..... SO, look at the correction NU just made on the 1hr and compare that with the daily/weekly and train your eyes to see that. As of now, NU is coming off the 1.236 fib extension in a W-X-Y pattern, which makes sense (which could just be a bullish trend even though corrective looking). However, what doesn't make sense is the the length of the the last wave and the fact that I am use to seeing those do one more to break the high, or an "ending diagonal" if retracement/reversal is ready. I drew up a triple combo scenario which would line up with a higher period moving average cross, at which point we may even have a running flat signifying even more possible bullishness. My point is, it made a w-x-y correction, it was corrective. I don't see a sell setup yet. If it pulls down more it will probably do as my red trend lines say, thus producing a buy setup. Maybe is doesn't reach the 1.618 extension, however, it has to correct the opposite direction before I consider to take the sell down. I want to at least see it break the high it just made, or pull down and then make a bearish flag, then I will consider the sell. Can it sell down from here? Anything is possible, but I am telling you what I see as most likely... Double combo now...possibility of triple combo (even better for entry), until something changes.
[BTC-USD] BTC MUST HOLD 100 MA OR WILL DIVE!BTC is undecided in consolidation range and will continue for a few more days. These next few days will be critical to watch! Currently, we have $8,369,030,000 in a 24 hr volume for BTC according to coinmarketcap.com.
The worst case scenario for BTC is that it falls or test to the 200 MA on the 4 hr chart, which would put us at around 7925. Watch this in the next 7 days! This would be a drop of about 11% which would be a normal drop! Nevertheless, Showing bearish signs that the bulls are loosing and bears starting to take over again! Regardless of the type (reversal or continuation), rising wedges are bearish and that concerns me overall for crypto!
On the positive side, if BTC were to rebound, then it would have to break the stubborn $9500 resistance which it has failed to break for quite a few days now! Right now the OBV is flat lined and we would need to see the OBV, On Balance Volume indicator start to rise and steadily climb to break 9500.
Considering that market confidence has strongly returned and putting us at $410,995,771,862 total market cap, BTC is looking extremely SLUGGISH and FAILING to perform in parallel with the 410 billion higher market cap we have received in total these last 6 weeks alone! This is starting to alarm me! If BTC does not hold above the 50 day MA on the 1 day chart at about $8000, this will cause massive sell offs causing BTC to go back in bear mode for a while! Market cap will instantly shrink and we will be back to 250 billion or much LESS total market cap ranges!
For now, there is a small possibility that BTC will hold between 8800-9200 range with hopes of restored momentum and positive upside price action!
But stay on alert, since this overall is not really looking that promising for the BTC market bulls! Perhaps, Magic poop cannon has been right all this time!
PS: This is not financial advice and only for education purposes. Perform your own TA!
If you learned even one thing, then like my TA and follow me to support my channel.
Thanks
CryptoBuzzAnalyst
USDJPY - rejection on daily possible short setupLooking to see if USDJPY closes below the daily 100MA combined with possible stock shorts and the usual risk of Trump's haphazard tweeting
Lets see what happens in the next two days to give a directional indication for next week
100SMA Maintains Support; Higher Low/HigherHigh EstablishedAs you can see on the 4hr chart we've had a slight retracement all the way back down to the 100SMA (in blue) where fortunately it changed course with the 100SMA acting as support. We also established a higher low and higher high on that last retracement compared to the retracement before it which mean the bulls still have control for now. Seeing as how we have yet to even reach the descending pink triangles breakout target or the descending purple wedge breakout target I'm pretty confident we will continue upward, and probability favors that as well. Of course anything could happen and the current FUD in the air is likely the fact that Reddit removed BTC as a payment option because of some change on coinbase. I will continue to go long but you decide whether to be long neutral or short at your own risk. Thanks for reading! *not financial advice*
Bitcoin thrusts victoriously upward out of Hot Pink Triangle!How's that for a headline? Haha...we have officially broken bullishly upward from the recent bear flag . while simultaneously confirming the bullish breakout out of the descending triangle which I have indicated here with hot pink to make it easier to see. The 50 MA(in orange) provided very strong support and helped thrust us back out of the hot pink triangle and then again back up and through the bear flag for a bullish breakout of the bearflag we were recently in, allowing the bullish momentum to increase exponentially...enough to finally close above the 100SMA(in blue) which had been acting as very strong resistance. Now that we have surpassed such obstacles you can see where the no longer hypothetical projected target of the hot pink triangle takes us with the dotted pink breakout target line....It only makes sense that we continue upward after having yet to reach our purple descending wedges price target. The hot pink triangle breaks bullish momentum invalidated the bear flags drop targets but definitely hit the target of the bullish breakout of the bearflag swiftly already which you can see on the chart that achievement is now unlocked. I say we are headed to unlock both the hot pink and purple projected target achievements next. We need to watch to see if the 100 SMA has switched from strong resistance to hopefully strong support and if not that the tline just below it will come to the rescue Game on! Thanks for reading! *not financial advice*
Predicting downtrend length & the subsequent buy opportunity.Here, I am using a 4H LTC/BTC chart to estimate the length of a potential downtrend, beginning at this point in time. If the trend holds, I see a turnaround & buying opportunity at the point of confluence between the trend-line and major VPVR support @ 0.017 BTC in early April.
like clockwork 100% Fibline & 100MA acting as support/resistanceOn the current 4hr candle BTC is "keepin' it 100" with the 100% grape colored fib retracement serving as support, and the 100 Simple Moving average acting as resistance. As I anticipated in my last idea, I thought it would test the 100SMA a few times as resistance before eventually flipping it over to support. Once we are above the 100 SMA it can usually become a very stable support line, especially once the 50SMA comes up above it to join us, that is one type of "golden cross" that signals more upside. As you can see we haven't hit the recent bull flag projected target yet of the top blue fib line, so that gives me added confidence that the 100sma will soon flip to support...we also have still not made it to the descending purple wedfge's projected target price but are getting very close. I think the momentum will remain to the upside at least until we get that far but likely even after that with all these other bullish signals developing along the way. It's best to keep your eyes open for any negative g20 news or any negative regulation or scandal news involving crypto in the mean time because one easy way to spot a trend reversal is when suddenly all the crypto news article headlines switch back from positive to extremely negative.
Bitcoin - Support Zones/Future DirectionSupport analysis of both, the previous parabolic move as well as the current slow decline, show areas of support aligning along with impending doom. Currently holding 0.382 Fibonacci, the area below is vulnerable up until the Trend line . At this point an expected rise from the Golden cross approaching within hours (200MA crossing below the 50MA, indicating short term trend upwards) on the 1hr chart along with the longer Weekly chart indicating doom with both the 50(MA) as well as the 100(MA) impending Death Cross (50MA crossing below the 200MA, indicating large waterfall drop, or couple days of trending downwards)
The necessity that these cross-overs must occur before uptrend can be established is nothing new although the alignment/strength of both the 50(MA) and the 100(MA) cross-over within close proximity, along the 1hr Golden Cross reversing within this time period to another Death cross, could be a triple threat add pressure to trend downwards.
Ichimoku cloud squeezing price range under $10,000 and seems it would take rally similar to last to enable support from this indicator, with volume stagnate, only rising in bursts, realistically 2 times lower then needed, this is currently not possible.
RSI currently holding 40, small room with the golden cross approaching before being oversold. Would expect large rise in RSI and price to rebound after/during cross leading along trend line .
MACD would need to see some price action to cross-over into positive rise, this could be possible if the Golden Cross plays out, could push price higher during this short few day period although the divergence appears to be slowing.
Taking a monetary view of the market, USDT trading was very slowly being replaced with real USD, volume non-existent, FUD, the only "support" channel seems to be along the trend line . this would increase pressure on this support in such a weak and reactive market and only a sharp incline in price would allow Investors back in (Investors don't buy dips, they buy on the rise).
Underlining the whole situation is trader's don't believe in the underlying technology (if anything only bitcoin -2.58% ), announcements are being held back until dust settles and constant FUD right at critical support levels. Although the technology hasn't changed from last year, the market has. It seems all indicators are at lowish levels in which a market with "legs" would jump on, but carnivorous nature of this risk built market would ensure lows are low and highs are high.
Short term trade, wait for the indicators to mature and align with others, a rise should be expected within the Golden Cross up until the Death Cross comes into play (50MA expected 23rd March), Alt coin funds will be indicator of reversal, flowing heavily into tether (USDT) and BTC at this stage. One indicator that I don't have access to is if large enough funds have a Fake-out planned...and can pull it off...and hit stop losses. A correction would still occur, long term hold your ground, the market will survive.
BTC -2.62% is seeing some tough times , so I should write this:
***Education Purposes only***
EURCAD Mixed SignalIts important to note that EURCAD stopped for the week in a very interesting area. An area with Bullish confirmations.
BTC buy! RSI daily oversold
Every time BTC -1.01% daily interval RSI has gone oversold, its jumped straight back within 1 day. Its headed in that direction right now.
Most times BTC -1.01% has dropped badly, the bottom is followed by another shallower dip (including the Christmas - New Year double dip).
6 days ago BTC -1.01% bounced off the 100 day moving average - followed by another (shallower?) dip.
Triangle indicates a big movement will happen soon.
When 1D goes oversold at 30% RSI , this will trigger a load of bots to buy. Even if its not the complete bottom, it will certainly be followed by a big bounce.
This week we may have a very nice winter bonus.
A few words of warning:
History does repeat itself, but there is always a first time.
Caveat: I am not a professional trader or adviser. Do your own research before making any trade. Never trade more than you can afford to loose.
BTC/USD Possible reversal area Now that BTC is having a correction we can look for interesting buy zones
Longer term trendline + 100 MA + previous high
if we get a reversal candle near that area we have a buy opportunity
Good luck!
IOTA Buy OpportunityWe are approaching some major support: 100 MA, Fib level and trend line
A bounce on the trendline would give us a buy opportunity
RSI supports upward movement
Flag PatternThe asset has also provided a flag pattern and now is in a flag pattern again, the 100 MA will provide support the price, and the Coppock curve is a in a triangle pattern and it will most likely breakout upwards to be positive. Also, this is backed by the volume decreasing showing a breakout is Imminent.
Resistance reboundCHK has shown many patterns over the last year, with 3 flags and a double top pattern, and now the stock has broken out a flag pattern and has had a partial rise and has fallen to the support trendline but has had a breakout, this position will lead to the support trendline. Also the 100 MA is providing resistance and thats where the stop is.This is also backed by the MACD divergence.
Pound swing tradeThe pound seems to be in a very large flag pattern, but a mini triangle pattern, so this brings about the perfect swing trade,the 200 MA will provide resistance and so thats the stop-loss, but the short is when the Pound drops below the 100 MA till the lower support trendline.
Look Out!! Short-Term Decision Ahead for Sprint CorpOn March 29, 2017 Sprint Corp (S) crossed above its 100 day moving average (MA). Historically this has occurred 197 times. When this happens, the stock does not always continue to rise. It has a median gain of 6.404% and maximum gain of 25.566% over the next 15 trading days.
When we take a look at other technical indicators, the relative strength index (RSI) is at 47.9289. RSI tends to determine overbought and oversold levels. I personally use anything above 75 as overbought and anything under 25 as oversold. The current reading declares the stock is neutral and looking for direction. The RSI was trending down, but has broken that trend and could begin heading up even if it is short term.
The true strength index (TSI) is currently -10.0885. The TSI determines overbought/oversold levels and/or current trend. I solely use this as an indicator of trend as overbought and oversold levels vary. The TSI is double smoothed in its calculation and is a great indicator of upward and downward movement. The current reading declares the stock is trending down.
The positive vortex indicator (VI) is currently 1.0030 and just crossed over the negative indicator. The VI determines current trend and direction. When the positive level is higher than 1 and higher than the negative indicator, the overall price action is moving upward. When the negative level is higher than 1 and higher than the positive indicator, the overall price action is moving downward. The current reading declares the stock is trending upward and typically does so for at least a few days.
Considering the moving average crossover, RSI, TSI, and VI levels, the overall near-term stock direction appears to be slightly trending upward. Based on historical movement compared to current levels and the current position in a wedge/triangle pattern, the stock could gain 2.03% over the next two weeks. The stock is about 21 days out from the apex of a wedge pattern. Typically, the stock will break significantly up or down before it actually makes it to the apex. The stock could hit the resistance line (top of trend channel) and continue onward. If the breakthrough happens on strong volume, it is a sign of continued upward movement. The inverse is different if it breaks through the support line (bottom line in wedge) which is around 8.20. If the stock breaks down with volume it could begin a new trend or use the dotted white line as a new support line. If this occurs, expect the stock to continue down.
