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200ma

$SQ BLOCK weekly 0.618 bounce????? $SQ might have found its bottom need to confirm support in this area bears still in full control looking for support at the 200ma which is also the .618 fib level if we lose 200ma next level of support is way down below $100 where the volume profile shows strong support in the $87 area I expect $SQ (BLOCK) to start consolidating near the 200ma remember stocks like to SINK into support so could trade slightly below 200ma for a bit but not much lower IMO if sell momentum continues worse case is $87
NYSE:SQLong
by bmoneytree
SOLUSDT Long to retest 50Ma Hi everyone Daily" Rebound up from trend line. Stoch RSI crossed up on over sold area. Strong sign of having had reached bottom daily looking to come back up and retest 50Ma. Possible price target $190 if gone over this resistance we can see a long move all the way to $240 if bulls keep on our side. ALWAYS look for extra confirmation on any trade, Anything like a bullish or bearish candles such as the one we can see here "Grave stone Doji' for this small short. Happy trading people! (No financial advice) DISCLAIMER The trading ideas, analysis, and comments above should not be considered financial advice or recommendation to trade or invest in any financial product. Your personal situation has not been taken into consideration in the trade ideas. This page is for general educational purposes only. Do not buy or sell any product discusses on this page before doing your own research. Always do your own analysis and research and be aware of the risks involved in trading any financial product :)
Long
by CryptoTraderRetired
ADAUSDT Break + Retest 50Ma SHORT PHi everyone Daily" Going short ADAUSDT RSI still has a long way to get down to over sold area, had confirmation from red DOJI and second long Red candle. + Price fail to cross up 50 MA ALWAYS look for extra confirmation on any trade, Anything like a bullish/ bearish candle such as the one we can see here "Red Doji' Possible drop to $1 If bears stay strong, then look for rebound up to retest $1.50 Area " I would personally hold on any long positions until we ether confirm a new strong new trend or buy at $1.5 area" Happy trading people (No financial advice) DISCLAIMER The trading ideas, analysis, and comments above should not be considered financial advice or recommendation to trade or invest in any financial product. Your personal situation has not been taken into consideration in the trade ideas. This page is for general educational purposes only. Do not buy or sell any product discusses on this page before doing your own research. Always do your own analysis and research and be aware of the risks involved in trading any financial product :)
Short
by CryptoTraderRetired
2
BTCUSD we can expect pump only after valid retest As we can see price broke channel resistance here and started a local pump after that then the price started a correction and now it is near the channel once again, if the price completes the retest of a breakout here we can expect more rise. also, there is a strong support near 44K that is mentioned on the chart too and that is the last support zone before 40K support and it is a strong and important zone that we can expect a rise from that zone too. DISCLAIMER: ((trade based on your own decision )) <>
BITSTAMP:BTCUSDLong
by MMBTtrader
17
BTC Update !!!! What's next????A lot is going on with BTC at the moment. A common sentiment in the market is not looking great at the moment, and lots of people are starting to believe that we have already entered the bear market. In my opinion, We are still in the bull cycle. Here is why? Even though this correction was brutal, it is a very similar correction we have seen in May and September. We are still in the uptrend that started end of 2020 (Thick blue line). The market should be considered bearish if BTC breaks below 39-43k Support zone, which sits on top of the bullish trendline like a wall. Similar to May-June, we can see significant accumulation near the strong support (Green boxes) and 200 MA. The important thing to notice are the Yellow boxes shows the long accumulation during the dip. Why I'm still bullish? The current accumulation area (Yellow box) got major bullish confluence indicating a strong bullish signal. We have the strong support of around 39-43k, finding support around Fib 0.786 and bouncing at 200 MA. We have seen twice this year, whenever BTC crosses 200 MA we will see a massive pump follows after accumulation. What's next? BTC is currently stuck inside a bullish falling wedge (please zoom in to see the purple falling wedge) and downtrend (thin blue line). It should see a break out for the market to turn GREEN. This could happen if BTC finds support at fib and 200 MA or Correct even further towards 39-43k range to find major support. Anything is possible until we see some clear confirmation such as - Bullish - BTC pumps from this confluence area and break out of the falling wedge and downtrend line Bearish - BTC dumps below 39k (Next major support is around 36k and 32k) This is not financial advice, please DYOR. Please like and follow to support :)
BITSTAMP:BTCUSD
by CryptoCafeClub
1
Bitcoin at crucial support around 46k$ testing the 200 daily MABitcoin tests the 200MA at the same level we have the purple central line of the accumulation box indicated by the thick orange and bright green lines. We are within this accumulation box for 241 days yet and holding the central line is important to stay within the upper bullish zone. The current drop looks too steep for a long term trend and price volatility calmed down a little bit just above crucial support lines. The RSI shows that we are just above 30 and currently in a downtrend indicated by the yellow line. We expect Bitcoin to hold the 46k$ line, maybe consolidate a week, and move back up to the 60k$ levels. This would result in a breakout of the yellow downtrend lines on the price and RSI chart. Keep in mind that often times we feel doomed or the opposite invincible, this is the time we are wrong and reversals happen. So ask yourself how you feel and what it means. Feel free to comment or ask anything you like. Always do your own research and keep in mind that my charts and comments cannot be considered financial advice. Cheers Ctumbler
Long
by tumbler55
2
Drawing an analogy to drop in MayPrice movement is in many ways similar to what we could see in May this year. First, it is what had preceded the movement since January. Second, it is its nature itself, particularly the high volatility candle which is in motion Today. Reading from the left: → A price stops its impulsive rally to consolidate its way back towards 50 EMA (red). → Another impulsive rally starts, breaking the all-time-high of its time and reaching up to 60k levels. The price starts to consolidate up there. → The large fearmongering drop surely blasted through stop-losses, particularly those belonging to high-leverage traders. The most significant candle which paints both support and resistance for almost 3 months accounts for a 30% drop (high -> low) but only 15% total price movement after it closes (open -> close). Also, see the spiking volume . Now, we are in the middle of the chart: → The price starts another rally covering the whole range and blasting through resistance (almost) at ease. → Growth stops and the price slowly retraces back towards 200 EMA (black)/ → Dynamic moving-average-based support gives the price strength to resume its rally reaching for an all-time high. I believe, I predicted this level since I have always had the yellow rectangle in this area. → The price consolidates up there. → The large fearmongering drop surely blasted through stop-losses, particularly those belonging to high-leverage traders. The candle isn't closed, so we will have to wait to see how much open-> close accounts for from a total of high -> low which is a 21.5% drop and may still change. I believe there is a considerable chance that the previous development will repeat and that there will be another way up . But I don't think it will create another all-time high . There is just not enough time for that, nor enough risk appetite. Even from a technical perspective, the first time this pattern occurred, the key dynamic support turned out to be 50 EMA. The second time, it bounced off a traditional 200 EMA daily and the overall gain on top of the all-time high was mitigated accordingly. This time, we are talking about 400 EMA as dynamic support which I normally don't even put on the chart. In defense of bitcoin, December is usually a fairly good month as it is for the correlating markets such as stocks. But it is still a fairly speculative asset and I think, the investors will search rather defensive portfolios with many expecting a crash in Q1 2022. If the consolidation follows a similar pattern as it did in May, we may see a good buying opportunity at the mid-December earliest. I want to see the markets calm down and reach for the low of this high-volatility candle. Then, I would consider going long towards the high of this named candle. Good luck!
COINBASE:BTCUSDLong
by OrcChieftain
DODOBUSD LONG TRADE IDEAHi everyone, Nice set up for a 1/2 risk reward here DODOBUSD, for those who are more conservative maybe wait and put a limit buy on the support 1 level, if you don't want to wait you can buy at CMP, price looks reasonable. On the fundamental level i think DODO is undervalued coin with a very low market cap at the time of writing. Moreover, DODO is a Decentralized Exchange (DEX) running on Binance Smart Chain and Ethereum. I would rate this trade as 8/10 Risk on the FA level because price is below the 200 MA on the daily Let me know your thoughts on this one cheers!!!
DLong
by sweeezy
November 16, 2021 USDMXN 1 HOUR 50 MAI have been leaning towards a MA retest strategy that has been panning out pretty well these past few months. Here is a setup from a trade last week. I primarily look for candles closing at the 4 hour closes and also around the 1 hour closes around the NY session open. There are three MA's I use. The 20 MA (blue), 50 MA (red) and the 200 MA (gold). Not only does the candle have to close on the 20 or 50 MA but the moving averages must be positioned correctly. I use the 4 screen layout. The daily chart on the top left, 4 hour on the top right, 1 hour on the bottom left, and 15 min on the bottom right. This is my Moving Average Correlation Strategy In using this strategy, I review all major and minor forex pairs including indices and metals. If I see a pair closing on a moving average, I will flag it and set an alert above the high (buy) or low (short) on the timeframe where the 200 MA resides. Each week there are at least 4-6 setups. A) IF Price closes on the 4 hour 20 MA, I need price to also close on the 50 MA on the 1 hour, and the 200 MA on the 15 min. B) IF Price closes on the 4 hour 50 MA, I need price to also close on the 200 MA on the 1 hour. C) IF Price closes on the 1 hour 20 MA, I need price to close on the 15 min 50 MA, and 5 min 200 MA. D) IF Price closes on the 1 hour 50 MA, I need price to close on the 15 min 200 MA. These are the primary correlations I use to trade. I also check the daily, but I find more setups with the above for IF, THEN criteria. Remember, the moving averages must be ALSO positioned correctly. From here, I wait for a candle stick confirmation. I will either get in an engulfing candle on the 50 MA or the 200 MA. TRADE ABOVE: In the above chart, scenario (D) occurred. Price closed on the 1 hour 50 MA at 4 AM PST (one hour before the NY session). At the same time, price also closed on the 200 MA on the 15 min timeframe. Next, I saw an engulfing candle form creating a morning star on the 200 MA on the 15 min. I did a quick check and saw this more clearly on the 30 min timeframe for additional confirmation. The buy was entered above the high with stop loss below the low. Profit levels at RR of 3 and at a daily resistance. Does anyone else trade this way? Is this your first time seeing this? Please respond so I know I"m not the only one here. Looking for all of your feedback! @MDFX_TRADES
Long
by MichaelDForex
CRO symmetrical falling Triangle, possible breakout incHello! After reaching a top @ 0.395 it has the last days formed a falling symmetrical triangle, which can be a bullish signal. Wait for it to break the upper side of the triangle and wait for at least 1 -2 candles to form for breakout confirmation, that will be a good entry point! If it, however, falls below the triangle that will be a bearish sign and it might form a downtrend for the future, falling to the levels in the chart. Remember, this is not financial advise,but rather my own idea on how it CAN play out! TP 1: 0.398 TP 2: 0.42 Remember to use SL, always! Happy Trading,
Long
by dainex64676
2