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200ma

Bitcoin has a make a big decision in the coming weeks!Bitcoin is about to come in contact with the 21 Week MA (blue top line + yellow dotted line projected direction) which historically, we have not been able to stay above during this bear market. Since the crash in January, we have only been above the 21 Week MA 3 times and never for more than a week. In addition, if you extend out the top line of the meme triangle, it is almost exactly in line with the 21 week MA. Add to the fact that it is converging with the 200 Week MA (red bottom line + projected direction) in less than a month and bitcoin is going to need to decide which way it's heading asap. If we do cross the 21 week MA and stay above it for more than a week than I will be happily wrong and switch from bearish to bullish. What do you think: Get above the 21 Week MA and stay there OR break the 200 Week MA?
BNC:BLXShort
by jamesedit3
Full look at current bullish/bearish patterns/trendlines in playOn the weekly total crypto marketcap chart we are currently either still in a symmetrical triangle that could also be a bear pennant, or currently up out of both a daily falling wedge (in yellow), as well as the much bigger weekly falling wedge (in green). Bullish and bearish price target projections are posted accordingly and are color coordinated with their corresponding patterns. We also have 2 huge horizontal trendlines: a strong one that's currently resistance that if we can close a weekly candle or 2 above and flip to solid support would make me much more confident that we are going to ht the green bullish falling wedges price target. we also have another lower strong horizontal trendline that lines up well with the bearish price projection bearflag breakdown target. If we were to heavily capitulate thats where I believe support would eventually hold and bounce back up from. we also have the weekly 20ma(in orange) which at least temporarily is suddenly support although we have yet to solidify that support and then we have the weekly 200ma which has been solidified a long time ago as solidified support and continues to maintain that support for now. It is still a battle between those two. Finally we can see below on the weekly stoch rsi it is threatening to complete a bearish cross but it may also bounce upward off the orange line. If not we have a diagonal trendline on the stochrsi that may also act as support enough to reverse any bearish cross that may occur. If capitulation were to occur however we would see it break below that stochrsi trendline as well as priceaction most likely the strong currently solidified support of the weekly 200ma. For Now this is the chessboard. with the weekly 20ma acting as the bears' king, and the weekly 200ma acting as the bulls' king. I have a feeling we will know which side will be declaring check mate by the end of the week.
CRYPTOCAP:TOTAL
by DrDovetail
Total Marketcap Weekly 200ma vs 20ma continues. At crucial pointWe can now see on the Total Marketcap's weekly chart we have managed to inch our way above the weekly 20ma's strong support. We need to of course close 2 consecutive weekly candles above this MA in order to confirm we have flipped it from strong resistance to support however and we can see the weekly stoch rsi is currently overextended and could potentially see a bearish cross here in the near future. For that reason, I'm not yet sure that the bulls will win the battle between the 200ma support and the 20ma resistance...If we do dip back below the 20ma before closing 2 weekly candles above it, my guess is we will be dropping back down to at the very least retest the weekly 200ma's support and possibly even break through it. I think if this occurs it will probably result in capitulation and even though we ma break under the 200 weekly I think on the weekly chart we will still ultimately find support there with maybe a huge wick to the downside dipping below it as capitulation. From there hopefully we would see a big bounce again provided by the 200 weekly ma that could have enough momentum to finally break us firmly above the 20 ma..and finally be done with the bear market. Of course if we see 2 weekly candle closes above this 20 MA I will instead be confident that probability strongly favors the bottom is already in and we should then see a corresponding significant bullish surge to go with it that takes us towards the breakout target of the larger falling wedge. We will likely find out in the next week which way we will be heading.
CRYPTOCAP:TOTAL
by DrDovetail
TSLA retesting its 200 weekly moving average. Might see a bounceTSLA has had to go through a lot with all the news stories and FUD surrounding Elon Musk, and the stock price has suffered a bit. However, we are now sitting just above the 200 weekly moving average, and if if continues respecting this upward-sloping support (which is just below the 200 week moving average), TSLA has the potential to bounce up to higher levels. If we break the 200 weekly moving average and the rising line of support, then we could be setting up to see lower levels, but TSLA tends to be in its own category relative to other stocks and has held this symmetrical triangle pattern incredibly well for the last 3 years. Moving average guide (All weekly moving averages for this post): 10 MA in Orange 20 MA in Pink 50 MA in Green 100 MA in Yellow 200 MA in Red -This is not financial advice. Always do your own research and own due-diligence before investing and trading, as for investing and trading comes with high amounts of risk.
NASDAQ:TSLALong
by Deftsuo
Long to 200 EMA Although still in a downtrend (Below 200 EMA I classify as downtrend), a counter-trend move to test the 200 EMA is believe to be imminent. Usually after divergences on a downtrend, there is a move up to the 200 EMA (a test). Sometimes it will blow pass the 200 EMA (gap above it), sometimes it will get cold rejected. With that in mind target 200 EMA. If it breaks or blow pass the 200 EMA (Full uptrend then), there is usually a pullback test to the 200 EMA where one can re-enter long. Best of luck. Info is in the charts.
COINBASE:BTCUSDLong
by NYBKLYN
AUD/USD Sniper entry, perfect analysisFacts: -ATR Shows market panic sells chain reaction causing 3x more volatility -200MA Still bullish -Showing nice wick rejection, which indicates strong buy power from here. -Overbought cloud breakout, which indicates a reversal -Parabolic SAR still bearish but due to what i mentioned above, it will turn Bullish again. What caused this huge spike? Aussie unemployment news! The news was not bad, rather neutral / good. My guess is that this huge drop is all bank manipulation. Stay safe
Long
by QW-Trading
1
BTCUSD H4/D1 charts (2/7/2019)Good morning, traders. After the recent drop and immediate reversal price has continued to move sideways adding to traders' already pessimistic attitudes and boredom. But don't let the market lull you to sleep. These are precisely the times traders need to be extremely aware of what's going on as sudden moves often do happen and catch sleeping traders off guard. Bitmex supply side order book looks much less aggressive than it has for the past week and its buy side is stacking up once again. Bitfinex order book continues to be the leader for the spot market with demand spikes currently showing 1070 BTC at $3410 with 500 more at $3350 and another 611 at $3300, while supply side is showing 801 BTC at $3800. What we have is a continued slow drift downward within a descending wedge near the bottom of a descending channel on the D1 chart. D1 RSI also remains within the descending wedge that it has been printing and MACD remains flat with possible bullish divergence printing across November 27th til January 31st. We need to see MACD curling up before we can confirm this though. H4 RSI continues to print a symmetrical triangle which could lead to a break up. But in order to do so, demand must overcome supply. The higher RSI lows show demand increasing, but the lower highs indicate that supply is still pressuring the pair. In other words, as I have been saying, demand and supply are fighting hard for position. The weekly 200 MA is sitting at $3314 currently with weekly volume near the lows seen just before price dropped through the $6000 floor, so I wouldn't be surprised to see a retest of that MA. An objective look at what's going on, especially if you compare it to 2015, suggests that we should get a bounce off the 200 MA area, followed by a move toward the top of the TR and the descending ATH resistance, then a move back down to the bottom of the TR for a Spring followed by a move up and out of the TR. I'm not telling anyone to change their minds about moves toward $2000 and lower, only reminding them that price has continued to set up this particular move and it aligns with the weekly look at the 2015 correction. Switching from candles to line view makes the picture much clearer and I will take a look at that during this morning's live stream. Remember, my goal isn't to convince you that you are right, wrong, or otherwise, only to help you keep your emotional bearishness in check so that you trader smarter and protect your capital. At the end of the day, we are still in a corrective market until proven otherwise so the trend is down. The key is to pay attention to what's going on so that you can notice potential reversals setting up and keep from getting caught in the wrong direction when the market does reverse. Every day, we have a choice to act positively or negatively, so if you get a chance, do something decent for someone today which could be as simple as sharing a nice word with them. You just might change their day, or even their life. Remember, you can always click on the "share" button in the lower right hand of the screen, under the chart, and then click on "Make it mine" from the popup menu in order to get a live version of the chart that you can explore on your own.
BITSTAMP:BTCUSDEducation
by Chris_Inks
2
BTC between a rock and a hard placeThe bullish case: BTC has not breached the weekly 200 MA and closed below it since September 2015. The 200 MA offers huge level of support not only to BTC, but historically in stocks around the world. The bearish case: The weekly BTC chart has formed a bearish descending triangle, making the long anticipated move down to $2500 seem even more likely. The neutral case: Both the weekly RSI and Stochastic RSI are remarkably indecisive at present. Arguably the RSI is approaching oversold, whist the Stochastic RSI has gentle momentum to the downside. The case that BTC cannot stay in the $3000-4000 range much longer: Since the peak of late November the weekly volume shows a clear decline , which indicates a big move up or down is imminent. Keep your eye on the weekly 200MA because it will likely give you a strong hint of which way we will break out. Find links below to these two essential chart indicators: 50, 100, 200 Moving Average RSI and Stochastic RSI combined into one indicator - read the description to discover just how useful this might be for you.
COINBASE:BTCUSDShort
by BCryptological