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100weekma

Bear Flag on the weekly?Hello Friends! It looks like a bear flag is forming on the weekly. Last time BTC moved up to $69K it was trading above the 50 week. Now it’s below the 50 week and looks like a flag is forming between the 50 and the 100 week. Break below the 100 week can push it down to $20-25K (200 week). As always thanks for your follows, likes, and comments. Let’s learn and grow together. Cheers! *This information and publication is not meant to be, and do not constitute, financial, investment, trading, or other types of advice. Do your own research.
Short
by MoneyFishing
(ETHEUR) Ethereum Fractals: €905 or €188?ETH has broken away from it's 2017 fractal structure, now suggesting a return to the norm of the VPVR point of control around €188 ($221) may be in play. Expect the 150 MA at €274 ($322) to be defended if price falls lower, as well as the old resistance level of the 2-year long resistance trend-line, followed by volume and long-term moving average support within the €181-204 support level ($213-240). Either way, a 67% retracement from recent higher highs wouldn't be out of the question, as it would still confirm a bullish long-term structure of macro higher highs and higer lows over a 20 month long period. Neither would a 3x from the current level of the 0.618 fib retracement to the 2.618 fib projection. If price breaks down from the neutral zone, it's also likely that it won't complete the 2019 winter fractal, instead finding long-term support from the VPVR point of control as well as 50 & 100 Week MAs, that represent median prices from the past 1-2 years approximately. This is no time to be going short imo, only to be eyeing up the dip. October vibes are telling me to be patient before longing any more ether. Bitcoin dominance continues to consolidate at the lows around 60 in a bearish manner, but ETH remains in no mans land. Altcoin Speculation Coming Soon... Altcoin Dominance Eyeing Up A Breakout to 40%
by dragononcrypto
BTCUSD: Worst Case Bear Flag Extrapolation & BTFD ScenarioBear flag on 4hr time-frame, vs bullish support on longer-term time-frames. This extrapolation would be a breakdown of the bear flag targeting around $7.4K and again testing the previous maro bull flag resistance turned support trend-line, before continuing the bullish rally to $11.5K. The 4hr RSI remains oversold while struggling to leave these conditions, indicating room to fall lower. Long-term time-frames say DYOR and BTFD. VPVR Part 2: Volume Point of Control Now Turned Support VPVR Part 1: Volume Profile Accumulation Zone $5,910 - $8,630 Network Hash Gives 10th Buy Signal In 9 Years Extrapolating 2014 Correction - Could $6,500 Be The Low?
COINBASE:BTCUSD
by dragononcrypto
BTCUSD: Zooming Into The Weekly Chart Doesn't Look GoodUsing the 2100 & 4200 MAs on the 4hr chart (like a weirdo) gives us the 50 & 100 Week MAs on a zoomed in time-frame. Although we already had the bullcross on these Weekly MAs, on a 4hr chart ("in real-time"), we are now seeing the bullish crossover with the price sat underneath it. This follows two weeks of rejection fom the median of the bear channel, continued failure to maintain support above the 0.382 fib retracement (of the $3,100 to $13,850 move), as well as arguably initial rejection from the bull-cross itself that "IRT" occured yesterday. With the volume dropping off and another descending triangle being established , this is enough reason to be bearish right now. Related TA: Could This Descending Triangle Be The Final Fake Out? Measuring The Move of the Descending Triangle Breakdown Descending Triangle On 4hr Chart To Look Out For? Extrapolating 2014 Correction - Could $6,500 Be The Low? Miner Capitulation Or Minor Capitulation? Bitcoin Repeating History: 10 Part TA Series On Repeating Past Patterns Full series with recent updates: bitcointalk.org
BITSTAMP:BTCUSDShort
by dragononcrypto
BTCUSD: 4hr Descending Triangle Targeting $7KBitcoin is again forming a descending triangle on the 4hr chart with a measured target of -8.7% to $7027, the support of the bearish channel if this occurs on October 2nd. I'm ignoring the oscillators for the time being instead acknowledging yet another descending triangle and bearish weekly close that occurred yesterday. I'm anticipating the 4hr bullish divergence on the RSI to break due to bearish daily and weekly conditions. A bearish monthly close is coming tomorrow, which I expect to trigger this trade within a day or two if not sooner. Note the descending triangle still requires confirmation of a third touchpoint on horizontal support, but with a risk reward ratio of 4.5 I can't pass up this opportunity. Given how bearish Bitcoin is looking overall and current projections that are repeating history, it's worth the risk. Entry: $8070 (active) Stop: $8031 (2.86%) Target $7027 (+8.7%) BTCUSD: Decision Time & Key Levels To Watch (29.09) BTCUSD: If Bitcoin Repeats History? Monthly TD Sequential Red 1 (Part 6) BTCUSD: Measuring The Move of the Descending Triangle Breakdown (Part 2)
COINBASE:BTCUSDShort
by dragononcrypto
1
BTCUSD: Decision Time & Key Levels To WatchCurrently remaining neutral while expecting a big enough move in either direction to either retest the triangle resistance around $9,000, or continue moving downwards towards the bear channel support around $7,500, likely followed by a bear flag breakdown to $6,500. Bitcoin notably got rejected by the 200 Day MA on yesterdays closing candle with current support llined up at the 100 Week MA around $7,750, followed by the 50 Week MA at around $6,750. 4hr RSI with bullish divergence in tact but enough room to move down to $7500 with ease. MACD losing bullish momentum and still in the negative. CMF is barely positive. Overall, slightly bearish. If Bitcoin Repeats History? Monthly TD Sequential Red 1 (Part 6) Measuring The Move of the Descending Triangle Breakdown (Part 2) BTCUSD: Is Bitcoin Forming A Bear Flag To $6,750?
COINBASE:BTCUSD
by dragononcrypto
BTCUSD: Is Bitcoin Forming A Bear Flag To $6,750? After breaking out of the symmetrical triangle to downwards support , Bitcoin now appears to be forming a bear flag that would target the 50 Week MA around $6,750 if broken to the downside. For all those who thought $6k prices weren't possible again, remember that we have already dropped from $10k to $8k. Price otherwise needs to stay below $8,450-$8,500 to avoid invalidating the bearish pattern. Stuck In A Symmetrical Triangle Ready To Break On 1 Hr: Price stuck Between 200 Day MA & EMA: Measuring The Move of the Descending Triangle Breakdown
COINBASE:BTCUSDShort
by dragononcrypto
BTCUSD: Stuck In A Symmetrical Triangle Ready To Break On 1 HrFor over a day and a half Bitcoin has formed a symmetrical triangle against the dollar, while being stuck between the 200 Day MA and the 200 Day EMA . The symmetrical triangle is 52 bars (2d4h) long with 75% completion working out as 39 bars (1d15h) - the current hourly candle. Notably the 200 Day MA is no longer in the triangle, so a retest would therefore breach the triangle pattern. I'm therefore now looking for a small move 6%+ in either direction, likely retesting the breakout levels (or the end of the symmetrical triangle) before continuing to move in the same direction a little further. The breakout target to the upside if the pattern is broken as expected would be $9099 (to descending triangle resistance), while to the downside $7807, breaching local support and heading close to the 100 Week MA at $7850, where the price would likely stabilize temorarily in my opinion (<$8k). Note symmetrical triangles are considered neither bullish nor bearish but continuation patterns. In this case, a continuation of bearish momentum, despite bullish divergence on the RSI as well as a positive CMF and MACD. Price stuck Between 200 Day MA & EMA (25/09): Descending Triangle Quick Short To Support (23/09): Measuring The Move of the Descending Triangle Breakdown (15/09) A repeat of 2014? Worst Case Scenario A $2,500 Low (15/09): If Bitcoin Repeats History? Extrapolating 2012 Breakdown
COINBASE:BTCUSD
by dragononcrypto
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