200ma
BTCUSD - LONG REALISTIC 2ND IDEAI think this pattern will be repeated, tomorrow a bull run begins to bring BTC back to life.
200 emaThe 200 has been acting as very strong support. As long as this holds I will remain bullish on the entire crypto market. If price crosses the 200 and the retest fails, I will become bearish.
EUR/CHF CLOSE BELOW WEEKLY 200 SMA ShortIf anyone likes to trade off of the 200 sma this is a good trade to take, this is the first time price has closed below the 200 sma for a long time. We can watch the upcoming week and see if price retests and bounces down, or if price retests and shoots up through it for a bull run. Either way this is definitely something I will be watching heavily this upcoming week.
If it shoots down like expected I think it will go down to the last low of about 1.0630 to test.
Tale of two scenarios #FCELI can see two scenarios playing out with FCEL:
1) The stock is sitting on the 200EMA and tested it July 3,5, and 8th (Today). Seems to want to stay above it.
So, either it will lay flat in this area (.72-.68) or it will drop (possibly gap) back down to the .54 area. The 3 day trend would imply that could happen, unless from the 3rd forward is a Pennant. In which case, it could lay flat.
2) There is resistance at $1, which I'm assuming is psychological because there isn't anything recent coinciding with the $1 mark. Additionally, if we treat the 3rd as the start of a pennant, the stock could very well gap up to or over $1. The volume on previous jumps was low (in comparison to highs), which seems to correlate with the recent "flatness."
NOT ADVICE: I am assuming the 200ema will hold as support. The stock is above all the other ema lines as well. Nothing suggests a dump. Regardless, I've set my stoploss just below the 200ema. If it does return at least I have a good re-entry point.
GBPUSD - Moving in a channelAs you can see the market moves over the 200-MA and it is respecting the trendlines.
We recommend to find some buy opportunities on the trendline!
Best wishes!
NZD/CAD Trend Sell 1HAs you can see price is currently at the 200 EMA and in a downtrend. As you can see in the past price respected the 200 EMA.
These 3 factors combined give me a sell signal, for our stoploss we double the current value of the ATR, at 180 pip stoploss.
For our take profit we are aiming for the recent swing low. stoploss and take profit can be trailed.
Bitcoin currently moving between the 55 and 200 emas 4/hr chart#Bitcoin is currently moving between the 7950 and 7650 range using the 55MA and 200MA as Support and Resistance zones on the 4 hour #BTCUSD chart. Trading this range until confirmation of a breakout.
BTC Update (Weakness from Bulls)BTC getting hit with a pullback at the moment. So far we have bounced at the 200 Day MA, which has acted as support since all the way back on Feb. 8th of this year. If it holds, will reevaluate next move up. Not very confident that we hold here. If the 200 MA doesn't hold here look for a test of the $6500 area which was recently flipped from Resistance to Support. Lots of trades have been taken at this $6500 level. BTC ranged at this area from August to November of last year. If that breaks looking at around $5500 before shooting up again. $6500 level looks to me like a reversal/turning point. Anything can happen in the Crypto space though, stay safe.
HOT/BTC - Holochain (Potential Trade Setup)- Bear Trap just under the falling wedge support
- Rejected prices under 200 Day MA
- Good Volume Came in on Bull Break and retest to confirm support
Intermediate targets for me is 39-42 Sats, if that is broken the next level is around 50-52 Sats.
BTCUSD pullback.BOTTOM IS IN
BTC/USD need a pullback to cool off after a nice rally from 4000$ to 7500$. The reason why BTC was pumped hard is simple,traders all time shorted BTC and the whales liquidated this positions. BTC/USD now just hitted the first long term 0.236 fib resistance line which is at 7104$ and also the candle closed below this resistance line(bearish sign)+we have a huugeee strong ichimoku resistance in this weekly chart
RSI is still overbought because is above 70 point
at MACD just crossed the neutral zone which is a really nice buy signal BUT don't forget another indicators :-) .Stochastic also is overbought.
I'm expecting a pullback till 50MA weekly. We have too much support line for a breakdown below 3000$
EUR/GBP look at 4 hrWatch for a potential correction and long opportunity off the 200 MA on 4 hr to break high of "A" potentially extending up into the zone (but not in a straight line of course). Refer to my daily swing pattern, as the short is my main idea...
Bitcoin/ US Dollar 1D BitfinexFirst, acknowledgement to Trading Shot post (linked below) which influenced me on some of my 50/200 MA calculations and understanding (and hopes!):
Thank you Trading Shot
Factors I'm watching:
LTC as a leading indicator - which I've been doing for about 2 years.
Standard Fib ratios. .618 my favorite and coincides with red TA line (discussed below). I personally love it when the big players pierce the Fib lines for psychological reasons.
Basic TA lines - note the red support line - which is supportive of the previous BTC 200/50MA scenario.
10/20 Day MA correlation. Really weak right now. they run almost parallel - for some time now.
Note: I'm always long on BTC (since this time last year), but my chart, in its current form, supports the thesis of a dip (not 'crash') this summer. However, I will readily admit, that if BTC spikes, I'll be seeking to catch and buy in FOMO'sih. I'm talking small amounts, as, I'll want a bit more - just in case BTC breaks the massive resistance indicated by my grey shading.
My buy areas are green ovals. I always have discretion to not buy, based on Human Factors, news, gossip, FUD, etc. Those ovals are guides and visual reference points only.
REA ripe to break through the 200 EMA and head to new highs.200 EMA has acted as major support for the last 18 + months. The 200 EMA finally gets broken late 2018. IMO this was due to a sell off of high P/E stocks and banking royal commission commentary.The 200 EMA was looking to break back through just before CEO steps down. This resulted in a retracemet and a range bound channel formation. Conclusion: High probability that if we break back through the 200 EMA we see new highs $95+.
USDMXN - finding support at 200MA!USDMXN is finding support at 200MA and support Trendline also we have MACD showing bullish divergence.
$RBZ Bounced Off 200 MA Back Up After Dow Drops -400 Points $8+Anticipating a close of $10-$11.50 by Friday or Sooner.
EUR/CAD Giving Plenty of Simple Entries!Over the previous night and through the morning here in the US, the EUR/CAD has given 4 amazing trade entries on the 15-minute timeframe. Just thought I should share this and show y'all some great 2-Bar Reversal entry examples!
BTC Final pullback before the new Bull cycle startsWe are at a 5000-5700 resistance level. This coincides with Weelky 50 MA (yellow) and the top band of Weekly 21 period BB with standard deviation 3.2. Also weekly RSI just closed at 60.
I believe this is a first sign of the upcoming bullrun, but looking back at the previous prica action at these conditions I think we need to retest the Weekly 200 MA (green) one more time.
Be advised, it could still pump to 5700. I would not short here, but rather buy the next big dip. If you are leveraged long though, this is a good place to take some profit.
Have a good one.
AUD/USD Potential "X" wave completed on dailythe "X" wave made a slightly lower high off 200 MA on daily, keeping the swing pattern still valid. Looking at the weekly, should AU continue correcting down, there should still be an uptrend in place and therefore another buy opportunity. Optimal entry for sell was off the 200 MA going off pattern and 4 hour divergence.
GBPAUD - Potential BUY from 200 Daily MA - 400-500 PIPS TPGBPAUD is approaching the daily 200 MA at roughly 1.8040/1.8060 - This is also the 50% FIB retracement.
The pair are in a descending wedge pattern which is indicating a reversal, the RSI has also formed a descending wedge.
Entry for a buy at 1.8060 with a stop loss below the moving average at 1.7980
Target area of 1.8500 which is the 78% FIB
Potentially 400-500 PIPS up for grabs!
BTC 200 MAThe 200 MA has acted as support since it flipped from resistance back on Feb. 8th. Will be looking for this correction to come down and test the 200 MA again. I am using the 200 MA on the 4HR and 1D charts at the moment.
MA 200 indicating the end of previous bear marketAccording to the theory of Charles Henry Dow, of the three major market cycles, we had a bear market, bull market will come any time soon, historical levels of of support/resistence tend to be respected
