BTC Rallying above the Daily 200 MAThis is BTC Technical Analysis.
Current price is in the $7400 region, which is up around $400 since the day started and is currently rallying.
The BTC price action has been in the low $7000 range, since around about the 23rd November (wicking down to around $6400 &, up to the $7800 levels at times).
The current macro trend remains as a downwards since the "blow-off top" in June 2019 (from June's high of around $14,000, down to September's low of around $7400 & high of around $10,000; & December's new local low of around $6400).
Due to the current range trending, Traders can wait for a breakout of the current ranging price action upwards, to reach for a turn of the trend, from trending-down to up; or a continuation of the past trend which is downwards.
Signal to identify a turn of the trend from Downwards, range-trending to, Upwards trending.
When the 20 Daily Simple Moving Average gets above the 200 Daily Simple Moving Average, and the Daily candle closes above the 20 MA which is above the 200 MA - This signifies that potentially stock could start to aim for higher highs and reveal going long opportunities for Traders!
Signal to identify a continuation of the Downwards, range-trending to, continue trending Downwards.
When the 20 MA gets rejected by the 200 MA (the 20 MA comes up to cross over on top of the 200 MA, but it instead remains below the 200 MA) - This signifies that trend is continuing the current micro trend within a range, or that the trend is continuing the current macro trend which is downwards towards the next SAR levels, and skilled Traders may be able find more shorting opportunities in a downwards trend.
Even the most skilled Traders always stay out of trading when price is not trending, but is stuck within a range of SAR (except for some Scalping Traders!).
Have a look at COINBASE:BTCUSD .
Add the following Indicators to your chart:
20 Daily Simple Moving Average
200 Daily Simple Moving Average
On the current Daily & 4 hour charts, are you able to see where;
Any time the 20 MA (yellow line) is above the 200 MA (orange line) , price action has a bullish sentiment?
And, where the 20 MA falls below the 200 MA, price has a more bearish sentiment?
Of course, experienced Traders will like to delve further into analysis before executing their trades, however the information presented here may be useful for swing or position traders seeking to buy the 'Bitcoin Bottom' & helping traders to decide whether to buy long or short BTC.
As a Trader I seek to go long in uptrends, go short in down trends & I tend not to Day Trade within price ranges except for when the Market signals a potential 'fair-play', for some scalping action on the shorter time-frame!
A Daily close any-day now, above $7700 & $8000's region would signify to me an interesting point of a potential turn of the trend to the upside, & where I look to analyse further for confirmations and entry's for long plays!
I'd be expecting rally's with that breakout, I'd play entry's close the 20 MA and take profits as price rally's away from the 20 MA before it snaps back & retraces, back towards the 20 Ma.
In this case I will go further with TA nearer the time.
Where there is no confirmation of a new potential Macro Trend break upwards, no confirmation Daily closes above key areas of resistance, i'd analyse to confirm that indeed the downtrend has continued or that we continue into the current trading range, waiting for a breakout confirmation again!
200ma
EURUSD high probability shortSince April 2018, EUR/USD has been in a down trend, with lower lows, and lower highs. The reason why the title says "High probability" is because I see similarity between what happened with EU from the beginning of June 2019 - end of juli 2019. This "coincidence", in addition to the over one and a half year declining trend, makes me comfortable with executing this position shortly. I will be waiting for confirmation before going short. What i will be looking for in terms of a confirmation is: A. Strong resistance from 200MA (purple line) on the Daily chart. B. fast EMA (green line close to price) crossing the slow EMA (red line close to price) downwards. C.Bearish volume.
PS: The short RR on my chart is visualisation for my prediction ONLY, and is not ment to be applied as a trading-plan.
I will be commenting on this idea when time is right.
AUDUSD - Area of interest- Price approaching the downtrending 200ma
- Level of resistance to be expected at this trendline.
- Will be looking at price action for clues for a possible entry
FX:AUDUSD
- MANAGE YOUR RISK -
Disclaimer: All ideas are my opinion and should not be taken as financial advice.
LINKBTC - bullish divergence and MA crossover coming upLINKBTC looks primed for a move - it's currently sitting right on the hourly 314 MA and 200 MA and it looks like the 200 MA will very soon cross over the 314 MA which is a bullish sign.
Currently right on the 0.618 fib-level and showing bullish divergence on the hourly RSI.
In case it fails to break out here rebuy on the trendline.
Keep an eye on the key level as a fail to move over it could indicate further price decline.
Consider a stop loss below 27000 or below the trendline.
If you want to play it safe wait for the RSI to break out of the downtrend and for LINK to move over the key level before you enter.
JetBlue BreakdownThe daily chart of JetBlue created a cup & handle type pattern but the price has broken down today out of the symmetrical triangle pattern it had created in recent days. The price has come close to touching my initial price target before finding some buyers again.
Note that the initial price target is near the 200-day EMA line as well, an important level for this stock to hold. There is not a lot of volume supporting the price before reaching the $17.30 price range should the price break its 200-day EMA.
BTCUSD: TD Sequential Long Trade On 3 Day ChartAnalysis : Price bottoming on a TD Sequential 9 at the 200 MA
Entry : $7,620 - A green 3 moving above the green 2
Stop : $7299 - A red 1 moving below the green 2 (-4.2%)
Targe t: $8595 - Horizontal resistance (+12.8%)
Plan : Tighten stop loss to break-even around $7,900 (100 MA)
Risk/reward : 3
This is what the TD Sequential has been like on the 3 Day chart since 2018:
Long term GOLDWelcome fellow Tradingviewers,
I am back with another long term view, after the last analyses followed my path to the point. We literally caught the trade from 1285 all the way up to 1557 giving us immense profits. If you are new to my channel you should check my previous analyses stating the areas said above. Please remember, that this is not financial advice, I am again only showing you guys my view on Gold .
If you guys like this analyses please don't forget to leave a Like and if you have any questions or thoughts let me know below!
Lets go for round 2 I guess!
Since the first analyses played out perfectly extending all the way to the end of the cup and handle we are now ready to start phase 2.
Monthly :
The last monthly candle managed to avoid becoming a Bearish engulfing candle which is slightly bullish, but still leaving more room for downside momentum.
Weekly :
We are slowly approaching the 50 MA weekly, the 100 MA is also slowly climbing to give us some higher dynamic support levels which is almost located at the 'heavy resistance' of around 1350.
The weekly ascending wedge broke out with the target around 1700-1750 if you have not seen it yet make sure to checkout my previous analyses!
Daily :
We are seeing that the 50 and 100 MA are starting to form a death cros s, which would indicate more downside momentum.
We are currently at the 1450 support, this one will probably not hold and we will see some more downward momentum.
The 200 MA is known as 'the last leg' of support and we are expecting this to be touched. We expect it to be touched because the death cross is showing us that there is room for some bearish momentum.
The 200 MA is located around 1400 and this will probably elevate a bit between the 1400 and 1420 zone, which currently is the highlighted buying zone.
Ideal buying zone would be between the 200 daily MA and the 50 weekly MA, we are expecting a lot of buy orders between 1420 and 1400. This is where we believe the second rally will start.
We are still waiting on clearer signs for entry points, we still need the 'trigger' to enter a position.
The trigger wil usually be a clear pattern or a candlestick conformation.
If you guys liked my analyses or have any comments please leave them below I will answer them asap.
Lets hope that this second analyses follows our path like the first!
Kind regards,
Forallcrypto
Have we all been looking at the wrong BTC chart?A glimmer of home in these bearish times. Whilst the bounce in late October came off the 200 weekly moving average in the BTCUSD charts, once we switch to the CME Bitcoin Futures chart (who promised to "tame" Bitcoin) it takes a different significance - with a direct bounce off the 200 daily moving average. All CME gaps (due to large weekend BTCUSD price movement being missed by CME when it is not open) eventually get filled, so do not underestimate the influence of CME Futures on BTC price movement. Incidentally, CME Bitcoin Futures still has a gap at $11695-11795 and history would dictate that one way or another we will revisit that area - even if only in a CME wick spiking up.
The CME daily 200MA is exactly where we struggled during the spring bull run, exactly where we found strong support in October, and it just happens to be exactly where we are right now.
Whilst most other technical analysis would suggest we are going to $6750 (then further down into the $5-6k range), if the CME daily 200MA holds it could well prove to be the support and excellent entry point of the next bullish move . Keep an eye on it.
Save crucial space on your Trading View chart by utilising the free RSI and StochRSI indicator which overlays both in a clear and helpful fashion. Add the essential 50, 100 and 200 moving average to your chart too.
Please give me a thumbs up and follow me if you found my analysis interesting. This is for educational purposes only and not a recommendation to buy or sell.
Silver 200MAI am watching silver on the 15-minute chart. Will it get rejected by the 200MA for the third time in the past six days? If so, expect a strong move downwards like the previous two times it's been rejected, pointing to a weaker silver price. Also, pay attention to MACD during the past two rejections, always quiet before the storm.
BTC Mega-pump hangover into the HolidaysLike my last idea stated, we pumped. That pump was of course more aggressive than I anticipated, so it changes the outlook a bit, but not the mid/long term.
Over the next week or two we will grind towards ~10k, touch it, find support around 9600-9700, volatility will die off and basically go sideways for a bit leading up to Thanksgiving.
This will occur mainly because of the rising 200 MA on the daily (which has been rock solid as far as support and resistance) and the downtrend line from 14k converging finally. Except that patented price squeeze / volume dropping as the BTC whales prepare to shit out the price to the downside.
Then, while you have a face full of turkey, BTC will dump hard and liquidate your happy holiday. :D
Also, check out my website:
bitcoinbattlefield.live
It's a live price tracker for Bitmex with a lot of other information, as well as myriad of audio queues for different price action occurrences.
Bitcoin is trading above the 200 Day MA, for now!wOw, if you look at the downward sloping trendline that I've colored blue, you'll notice it's the top of the descending triangle we were trading in before the capitulation around sept 23rd. Right when the FED launched QE 4EVER & loaned a Bank charged under the RICO 52 Billion dollars in one night, probably to short Bitcoin in fear of what Bakkt would do to the price.
Anyway, Bitcoin jumped over that 200 Day MA, but we will stay over? Anytime Bitcoin has been in a bull market throughout its history its traded above the 200 Day MA.
Time will tell per usual.
Bitcoin - In the next 24 to 48 hoursAs traders what we want to know is if we have hit the bottom or if we are going up, or are we going to fall some more. On the post I did on the 22nd I told you we were going to fall in a matter of hours and we did. Check this out, there are 3 keep spots we need to keep an eye on to see if we are going up or down. I know the answer but I would like to hear from some of you. The chart above shows you the new battleground. If BTC goes and closes below either of those support lines in green that will show weakness and it is time to go down some more soon. If for the last few months we've done nothing but lower lows and lower highs what should your trade strategy be?
This is the next thing to keep an eye on:
If the yellow trendline 50MA goes under the white trendline 200MA (Which is almost a done deal) then we are going down.
This is the last place to keep an eye on:
If we close a candle under the green trendline that means we are going down as well.
So the specific question is this: Would you put money in right now?
THE TREND: Going Down a little more
THE OUTLOOK: Safe to buy a percentage of BTC wait a bit more to buy-in.