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100sma

Drop to 5.5k - BTC Weekly ChartLooking at the weekly chart I've come to the conclusion that we're headed down. Lets take a look at each indicator. Aroon Aroon seems to be pretty accurate on the weekly and for those who don't understand how it works I've drawn arrows showing what it's done in the past and what effect it's had on the price. Currently the Aroon Down (which I'm going to refer to as Bears and is represented by the red line) is going up while the Green line (Bulls) has been going down. The Bears are gaining strength as shown by the indicator and is above the green line. 20 EMA Green Line BTC is currently below the 20EMA on the weekly which is a strong bearish sign. On the monthly it's still above the 20EMA so I don't expect us to go down too far assuming we don't close below the 20EMA on the Monthly. 50SMA (Orange Line) 100SMA (Red Line) BTC is currently below the 50SMA and above the 100SMA. I believe we're going to drop to the 100SMA and bounce off of it which is currently at around $5.5k MACD Currently in the green but just bearly hanging in there and will likely turn red soon. RSI Sitting just below 50 and might drop to below 40.
BITFINEX:BTCUSD
by Kinaibhlan
GBPJPY 4H SHORT TRADEPair has been in a range Price is another range in between 50 sma and 100 sma Short trade as price falls back to 100 sma My Sell Stop @ 147.25 My Sell Take Profit @ 146.25 My SL @ 148.00 and I will adjust it as price falls If price goes up over the 50 sma - watch for failure to progress bullish Then add more pending orders 1st @ 147.49 2nd @ 146.90 Watch Macd for direction by Blue crossing above Red line then dropping before it crosses red zero line
Short
by Tradingstrategyguides
USDJPY 4H TRADESPrice has crossed above the 50 sma Price can return to the 50 sma and then Long Trade Price can bounce bullish and return to the 100 sma Watch for Macd to cross above the Red signal line Take Profit will be the 100 sma area Buy Limit 2 112.31 Buy Take Profit can be 30 pips or 100 sma area or 112.85 Short Trade Price can break below the 50 sma Macd is falling Mac below Red signal line Watch Macd to cross below red zero line I have a bearish bias short trade Once price breaks below fractal low could start a new bearish trend for 100 pips
by Tradingstrategyguides