3d
BTCUSD, the retrace is finished, what now?Seems like the retrace is technically finished.
Courageous traders might decide to buy now for another attack to the all-time highs.
More cautious traders might take profits and wait to buy again lower.
The current bull wave started on 9 october 2017 have seen already 3 dips (or retraces), what we can surely say is that this bull wave is getting old...
The new MCFractalStudies - 3D Chart script will be released soon by the way!
Good luck!!
ETHBTC MARKET CONDITIONS 3D CHARTDespite current ATH zone in the ETHUSD pair, for us, BTC bulls, the ETHBTC pair has been a huge dissapointment.
After reaching a peak in May´17, downtrend has remained strong for too long.
There is however, a falling wedge formed, and a week ago the market tested prior resistance zone as support.
I would expect several tests of the possible support zone given this massive downtrend. And given there is a divergence in the Stoch RSI and RSI itself that could mean the end of this downtrend into a range period. A break of this bear trend seems more likely to shift into range rather than into bullish. If you are long ETH longterm, you could try to take advantage of the range scenario to build up your position.
Opening LONG positions right now could place you in a scenario of over 200% profits over 50% loss (R/R:5). But given current BTC run and ETHUSD indicators it does not seem safe at all. (Take a look at Vitalik´s twitline regarding cryptos real-world use achievements).
Opening SHORT positions could be more profitable, specially if support is broken. I will post in a few days a SHORT analysis and try to time out to choose between ETHZ17 or ETHH18 .
MA20 for this setup (60 days) is also a mayor resistance line and the angle from current lower highs is in the same range than in May.
There is a gap, however between current levels and bellow Resistance/Support zone around 0.024 with no volume significance between 0.024 and 0.034. If we take advantage of that gap, from a Short perspective, it is a 40% profit.
On fundamentals, it is worth to mention that IMO new capital entering the market is not likely to measure ETHBTC directly, but will rather pump BTC, LTC, and ETH randomly.
WNZ
Get live updates and analysis of the cryptocurrency market: t.me
Strong Moving Average Cross for 3D SystemsOn March 31, 2017 3D Systems Corporation ( NYSE:DDD ) crossed above its 250 day moving average (MA). Historically this has occurred 74 times and the stock does not always rise. It has a median gain of 7.563 % and maximum gain of 64.706 % over the next 11 trading days.
When we take a look at other technical indicators, the relative strength index (RSI) is at 51.0844. RSI tends to determine overbought and oversold levels. I personally use anything above 75 as overbought and anything under 25 as oversold. The current reading declares the stock is slightly neutral and has been moving upward.
The true strength index (TSI) is currently -21.1753. The TSI determines overbought/oversold levels and/or current trend. I solely use this as an indicator of trend as overbought and oversold levels vary. The TSI is double smoothed in its calculation and is a great indicator of upward and downward movement. The current reading declares the stock is moving down, however, it is begun to retreat from low levels indicating continued upward movement.
The positive vortex indicator (VI) is at 1.0277 and recently cross above the negative indicator. The VI determines current trend and direction. When the positive level is higher than 1 and higher than the negative indicator, the overall price action is moving upward. When the negative level is higher than 1 and higher than the positive indicator, the overall price action is moving downward. The current reading declares the stock is relatively moving up.
The stochastic oscillator K value is 81.6336 and D value is 64.8317. This is a cyclical oscillator that is highly accurate and can be used to identify overbought/oversold levels as well as pending reversals. I personally use anything above 80 as overbought and below 20 as oversold. When the K value is higher than the D value, the stock is trending up. When the D value is higher that the K value the stock is trending down. The current reading declares the stock is trending upward with plenty of time before a potential reversal.
Considering the moving average crossover, RSI, TSI, VI and stochastic levels, the overall direction appears to be heading up. Based on historical movement compared to current levels and the current position, the stock could gain another 4% over the next 15 trading days. The overall Macro trend is forming a pennant with the apex around October of this year. It is highly likely DDD will break out of this pennant before October and could be a significant move up or down.
3D Gold - Bullish Idea3D charting is Zar Negar's idea which I found very interesting: www.tradingview.com
▄︻̷̿┻̿═━一 Mark my words... GOLD WILL FLY NEXT WEEK!
My cubes are not perfect but I have tried to put in stop loss (support) as well - I would probably place my stop loss at the bottom of the cube.
I do think gold will try break 1313 next week - a very important level in my opinion.
▄︻̷̿┻̿═━一 Fundamentals
✈ Gold next week will be supported by on-going geo-political crisis in Israel/Gaza, India/Pakistan, Russia/Ukraine and Iraq.
✈ It will also have an added boost of bullishness from the US dollar coming down off a 6 month high.
✈ Crude oil is trying to make a move up as well, good news for gold.
▄︻̷̿┻̿═━一 Technicals
✈ It is oversold and have bounced off a long term support line and it is likely to retrace upwards very quickly.
✈ A break above 61.8% Fib at 1282.47 targets the 50% expansion at 1290.15.
✈ The important 1313 - if it is broken, I will say it's a magnet to the 1330 zone.
▄︻̷̿┻̿═━一 $GLD during the week after Jackson Hole Economic Symposium
Winners : 8
Losers : 1
% Winners : 89%
Average Change % : 1.52
Median Change % : 0.78
Maximum Gain % : 4.31
Maximum Loss % : -0.21
Average Gain %if Winner : 1.74
Average Loss % if Loser : -0.21
Payoff Ratio 8.28
Average Absolute Change% : 1.51
Profit Factor : 55.61
Outlier Adjusted Profit Factor : 35.00
Currently my analysis on the 1 hour chart and the 4 hour chart combined shows a 81.25% bullishness factor. I'm a firm believer that 1400+ is possible before the year's end.
Check my other idea linked below on why I think gold has (long term) bottomed and will move up.
Happy trading! (╯°□°）╯︵ ┻━┻
