ETH Weekly Death Cross ? ETH/USD #ethusd #eth #ethereumWell...I know the market can be hard to read sometimes but the ETH weekly chart above seems like it will have a Death Cross soon on our weekly chart . That's the main thing I see here . You see that light blue 50 MA ? And it looks like it will cross down through the dark blue 200 MA perhaps sometime this month ,in April . That's called a Death Cross of the 50/200 MAs or moving averages .It's bearish and price could definitely go down though it remains to be seen if the cross actually occurs . Bitcoin had a similar Death Cross on it's weekly chart in early February - and though it did dump a bit it also had a pump above weekly 200 MA recently . If we are going to avoid this cross ETH would really need to pump from here though . Not sure it will. Let's see how it plays out .
50-200
MA 50 And 200, when 50 getting ready to cross 200When you have 50 starting to move to cross 200 MA, Clearifying, you always have en increase in value, might take a couple of days but it always happens, how much, that's harder to tell. But check you charts it's almost 100%. Buy as low but don't wait to long somwtimes it happens fast.
4 Hr. Practice Trading (Using MACD) W/+50/200 EMA (PART 1)Curious to see if a new configuration will lead to better lower timeframe (4hr) results. No targets for now, however moving up stop loss once break out begins. More or less just recording data and seeing if I can catch MACD breakouts.
Im used to working with daily and weekly FYI
ARU
"STOP LOSSES PEOPLE!!!"
4HR EMA TRADING STRATEGY In this example I show you one of the ways I use to trade in a 4hr timeframe.
The idea is to first wait for ema cross, and then wait for at least 2 retracements, after retracement, open a position and place sl below or above the previous retracement depending on your position.
The only downside to this strategy is you might miss a lot of other trading opportunities waiting for the retracements.
Let me know what you think.