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50ma

Yellow falling wedge breakout target reached. We have reached the breakout target for the yellow falling wedge. Price action actually went halfway between its target and the slightly larger red falling wedges target...finding resistance at a former strong horizontal teal trendline. What momentum we had from the breakout of the yellow and red falling wedges may now be gone as we can see the price action has been shoved back inside the biggest falling wedge (in green). Without any further momentum the probablity of us heading back downward towards the 1 week 20ma and the bottom trendline of the green falling wedge has greatly increased but I will leave this idea neutral for nw until I see whether or not we may form another bullish pattern here or not. Ultimately for now it appears as if the 1 day 50ma is going to maintain it's strong resistance.I will wait for 5 consecutive closes below the 4hr 50ma before I decide to exit my position. Just my strategy and not financial advice.
BITSTAMP:BTCUSD
by DrDovetail
as expected 4hr 50ma pushes out of wedge…1day/4hr 50ma showdown?The 4hr 50ma has me still temprarily hodling as it has hoisted priceaction up out of the falling wedge in a way that will very likely trigger the breakout. 4hr 50ma is now guarding the door back into the wedge....We will likely see a brakout triggered due to this which will result in at least a temporary bullbreak at least up to retst the 1 day 50ma again....as anticipated in the previous idea, it seems more and mroe likely that the 1 day 50ma and the 4hr 50ma are engaged in a showdown that will probably not be over until they are close enough together to squeeze the price action like a pair of chopsticks until it shoots one way or the other based on which timeframes 50ma is the most dominant. I don't know what they call it when a 50ma on one time frame crosses over another 50ma on a bigger timeframe...if it doesn't already have a name I'm gonna refer to it as octave hopping.
BITSTAMP:BTCUSD
by DrDovetail
BTC 4hr 50ma trying to lift price action out of fallingwedge It's come down to the strong support of the 4hr 50 ma vs. the strong resistance of the 1 day 50ma...who will win? We can see here on the 4hr chart that the 4hr 50ma is doing its best currently to hoist the price action up out of the falling wedge for a breakout but each and every time it tries to breakout the 1day charts 4hr 50ma gives it a strong rejection back down into the wedge. For now I'm bullish until both moving averages get slightly closer to eachother once price action is finally getting squeezed between the 2 like a pair of chopsticks I will be more neutral, however, btc may have gained enough bull momentum from the breakout of the wedge to help the 4hr 50ma muster the strength to overcome that resistance and actually solidify it as support for once. I've been consistently saying this whole time that we need to solidify the 1 day 50ma as support in order to sustain any further bullish upside. That remains true...so in the short term until we get back up to the 1 day 50ma I'm bullish then when we get there I'm neutral until I see it flip to solidified support...if it can do that then I'm definitely long. Mainly for the immediate future I think the 4hr 50ma is powerful enough to at least reach the 1 day 50ma before potentially solidifying as any kind of resistance.
BITSTAMP:BTCUSDLong
by DrDovetail
2 BTC to 20 BTC Trading Challenge - Day 14 (1.4252 BTC) Disclaimer: If you are primarily interested in copying other people’s trades then this is not for you. However, if you are willing to put in the work that it takes to learn how to trade for yourself then you have found the right place! Nevertheless please be advised that you can give 10 people a profitable trading strategy and only 1-2 of them will be able to succeed long term. If you fall into the majority that tries and fails then I assume no responsibility for your losses. What you do with your $ is your business, what I do with my $ is my business. Click here for my Comprehensive Trading Strategy | Click here for my Comprehensive Trading Process | Click here to learn about the 2 BTC' to 20 BTC' Trading Challenge I might have had a little bit too much fun last night. I went to a bluegrass concert that started at 9:00 and I must have had too much to drink because I still feel like shit at 6:15 pm the next day. The struggle is real! Not having anything to drink tonight and I am looking forward to feeling like a champ again tomorrow. The markets have sure been interesting. Starting to track the futures curve is the only reason that I didn’t short BTC after yesterday’s close and I am sure glad that I didn’t! As long as we continue to hold support I gain confidence that $4,200 resistance will break and then we will be in for a strong 1 month + dead cat bounce. The S&P 500 looks like it is just coming to the end of that type of bounce. The TD Sequential is on a red 9, we have multiple reversal candles and there is a cluster of resistance from $2,600 - $2,650. USD:TRY continues to head fake > $5.5 and continues to close below the TDST level at that price. The M MA is diverging in a bullish manner and support continues to move up. This is my single favorite trade for 2019 and if we can close a daily candle > $5.5 then I think we should really start to pick up momentum. Open Positions Long: USDTRY Price: $5.55804 Projected Risk: 5.66% Leverage: 100X Exposure: 0.16 lots ($16,000) Margin: 0.048 BTC Unrealized PnL: -0.087 BTC Notes: Support holding above the phase 3 trendline is going to be very important for me to maintain a healthy bankroll for this challenge. Long: USDZAR *1/3/19 SCALE OUT: P < S MA = 5%. However minimum available to scale out was 8% *1/6/19 SCALE OUT: P < S MA (5%) + Bearish M MA (30%) + Bearish Cross with S & M MA’s (15%) + P < flat L MA (25% - 50%) *1/7/19 SET STOP LOSS: Stop loss set at $13.489 for remainder of position. *1/9/19 ADJUSTED STOP LOSS: Moved stop to $13.64 due to expected support from 200 MA. *1/11/19 DEATH CROSS signals final scale out. However on TD red 9 at horizontal and trend support. Leaving stop at $13.64 due to bullish 200 MA and support cluster. Negligible difference in risk, huge difference in potential gain. Price: $14.48 Projected risk: Market stop set at $13.49 Leverage: 100X Exposure: 0.06 lots ($6,000) Margin: 0.0157 BTC Unrealized PnL: -0.075 BTC Realized PnL: -0.086 BTC Short: SPX500 *1/4/19 ADD TO POSITION: S MA making bearish cross with M MA = 15% added *1/6/19 SCALE OUT: P > S MA (5%) + bullish M MA (30%) + Bullish cross with S & M MA’s (15%) = 50% *1/11/19 GOLDEN CROSS does not necessarily signal scale out due to angle of L MA. Stop loss set at $2,656. Price: $2,472.62 Projected Risk (horizontal resistance at $2,650): 7.44% Leverage: 100X Exposure: 0.09 lots ($22,276) Margin: 0.0586 BTC Unrealized PnL: -0.289 BTC Realized PnL: -0.129 BTC Notes: Major horizontal resistance from $2,600 - $2,650. Stop set at $2,656. Really want to see this week close < the 9 MA. LONG XRPH19 *1/11/19 SCALE IN: P < Bullish L MA represents oversold asset in bull market. Enter: 0.00009135 Stop: 0.00008888 Risk: 2.7% Exposure: 20,267 XRP (1.8518 BTC) Leverage: 15X Unrealized PnL: +0.0111 BTC Realized PnL: -0.0046 BTC Notes: Entry was not based purely on Consensio. Bitcoin futures curve in backwardation with widening spread is main reason I was looking to add to my long exposure. Also looking at confluence of support from trend and horizontal. Guidelines would have me waiting for close above S MA to start scaling in, but I really liked the risk:reward provided at today’s close. Open Orders *1/10/19 AMENDED stop market to short XAUUSD. Moved entry up to $1,284 due to that being below horizontal support & parabola and it provided better risk:reward. Consenio signaled entry today, but I’d prefer to wait for further confirmation. Watchtower USDHUF: 18 year symmetrical triangle. USDJPY: (leaning bearish) Consensio is bearish on Monthly chart indicating that the triangle has a greater chance of breaking down. Tightest monthly BB has been since 1976 when the price proceeded to move 41% in ~21 months. Think that retesting $80 is most likely. XRPUSD: In a Bollinger Band super squeeze on the weekly with lower highers and highers lows suggesting upcoming parabolic move either way...a/k/a Jesus Fish Pattern. Symmetrical triangle on daily provides first target of $1.1 USDCAD: Approaching bullish 200 MA while the M MA and L MA posture for death cross. Weekly A&E bottom with $1.63 target. Massive volume over last 3 years. Currently fitting into channel. Tightest weekly BB squeeze since 2000. WTIUSD: Pullback back and into golden cross BTCUSD: Gap in the visible range volume profile looks like it is begging to get filled. If we close above $4,300 then a return to $5,400 - $6,000 would be my highest probability outcome. Will be strongly considering setting a stop order to add to my long above the daily Parabolic SAR. Backwardation appears to be getting slightly more exaggerated, currently 3.03%. ETHUSD: First weekly buy signal since April 2018. Daily has potential incoming death cross which could occur right around the Constantinople Fork. LTCUSD: Waiting for close > daily saved me. Treating inside the cloud as a no trade zone can work very well. XRPBTC: Incoming death cross following L MA roll over could be setting up ideal entry. However ascending triangle is still in tact and want to wait to enter until we get a close above / below. XAUUSD: A few daily candles have closed above the trend line from 2016 but when zooming out to the weekly chart it becomes clear that the TL is continuing to hold as resistance, therefore it is still in tact. Daily looks like it is ready to break down at any moment and that is why I will be waiting with stop entry. Consensio is also starting to signal short entries with P < S & M MA while those are making a bearish cross. EURUSD: (leaning bullish) L MA and LL MA squeezing with price between on weekly and the LL MA appears to be making bullish reversal. Seeing a potential A&E bottom. Bollinger Band in tightest squeeze since 2014 and a 24% move followed that one. USDRUB: Symmetrical triangle forming above bullish 200 MA that is approaching the price. Also had a recent GGC on the weekly.
FOREXCOM:SPX500Short
by Sawcruhteez
5
Dash ripe for a rebound; Potential inverted head and shouldersDash is experience a nice big green daily candle today which has allowed price action to climb back above the 1 day 50ma(in orange) We can see we also seem to be completing the right shoulder of an inverted head and shoulder pattern. I'm looking for a minor retrace here that retests the 1 day 50ma multiple times and keeps finding support there... if this occurs I will know that the 50ma(aka buy/sell line) has become solidified support thats when I will likely buy back in and then make my next decision at either the neckline of the inv h&s or if I see the price action somehow dip back below the 50ma and close 3 consecutive candles underneath it or solidify resistance. Judging by how the stochrsi on the daily is bottomed out and looks like it wants to start heading back upwards I'd say probability favors solidified support at the 50ma. Just my strategy of course if you are looking for financial advice you will have to go somewhere else as this is just my opinion. Thanks for reading!
Long
by DrDovetail
DEATH CROSS COMING TO A MARKET NEAR YOU!As you can see, from the chart that the current trajectory of the 50 and 200 day SMA's are indicating that by mid December we will have us a Death Cross in the Broadest market measure...the S & P 500. This could however happen sooner or later than 12/12/18. This is given that the SMA's stay on their current trajectory through 12/12/18. A larger than expected fall from here could make that Cross happen much sooner, and a rise from here would push it out until mid January or February. Its going to happen either way.
SP:SPXShort
by jasonroy40
1
BTC - Boring Range H4Hello guys, boring chart, we've been trading in the same range since Oct. 15. Price is currently stuck at the 50/100 EMA, they are currently acting as resistance which is a good sign for me. The more we hit a resistance/support the weaker it get. If we indeed break that resistance I expect the 200 EMA to be the next solid resistance and the 50/100 EMA would be acting as support. MORE SIDEWAYS ACTION LOL. But at the same time, what apply to the 50/100 EMA resistance right now apply for the 200 EMA too. We tested it 5 times since Oct 15. But is 5 times in the last week enough to smash the ol' n' mighty 200 EMA, hmm... The other important thing that I'm seeing is that we are currently consolidating/distributing below a important pivot point (6500~) which could be a good sign of a future breakout above or below. So I will be waiting for a breakout on either direction, even thought I feel more bullish right now. Be patient, trade wisely, don't copy me and of course keep learning ! vOid
BITMEX:BTCUSD.P
by vOidca
Bitcoin Daily Update (day 230)I believe that it is possible to beat the market through a consistent and unemotional approach. This is primarily achieved through preparing instead of reacting. Click here to learn more about how I use the indicators below and Click here to get my complete trading strategy! Please be advised that I swing trade and will often hold onto a position for > 1 month. What you do with your $ is your business, what I do with my $ is my business. I recently posted Bitcoin Bubble Comparison - 3 Day Chart . It provided new dates and prices for the bottom, however it’s still slightly too early to abandon my predictions from the previous Bitcoin Bubble Comparison ]Bitcoin Bubble Comparison: 1 day - 5 days = < $5,750 | bottom prediction: $2,860 by 10/30 | Calling for $35 ETH around the same time Previous analysis / position: “If we breakdown $6,370 then it would confirm the bearish harami as well as the hanging man. If that were to happen I will be prepared with a small stop order set to short $6,369.” / Short USDT:USD’ from 0.968 Patterns: Descending triangle / bearish harami Horizontal support and resistance: S: $6,410 | R: $6,454 BTCUSDSHORTS: Really started to look like they will break out of the triangle to the upside. Once volatility picks up so will volume and we should see unprecedented levels of short sellers. Funding Rates: Longs pay shorts 0.01% Short term trend (4 day MA): Bullish (price above MA) Medium term trend (4 week MA | 2 & 32 day MA’s): Bearish | Bearish Long term trend ( 32 Week | 50 & 128 day): Bearish | Bearish Overall trend: If daily closes below $6,438 then all will be bearish Volume: Surprised volatility didn’t continue after the volume spike on the 15th. Now we are back to painfully low levels. FIB’s: 0.618 = $6,530 | 0.5 = $6,441 | 0.382 = $6,351 Candlestick analysis: Harami inside a harami. Can we get a 3rd matryoshka doll? Ichimoku Cloud: 4h cloud acting as strong support at $6,424 TD’ Sequential: Weekly red 2 will fall below a red 1 at $6,086. Placing a stop order there could be a good idea Visible Range: Gap in volume from $6,246 to $6,371 with 5 day look back Price action: 24h: -0.1% | 2w: +/- 0 | 1m: +2.95% Bollinger Bands: Daily MA acting as strong resistance Trendline: Top of descending triangle ~/= $6,725 Daily Trend: Chop Fractals: Up: $6,792 | Down: $6,057 RSI: Hanging around 50 on most TF’s. 4h is a little overbought Stoch: Recrossing bearish on 12h, going for retest on daily after creating higher high Summary: I am closely watching the red trendline on the USDT:USD’ 1 hour chart as well as prior historical support at 0.9642. As long as it stay below those areas then I do not feel very comfortable about holding a short on BTC’ or ETH’. Furthermore I am strongly expecting the lower wick from October 15th’s candle to get re explored, similar to what followed October 2nd’s candle. If it has another selloff then BTC’ and other cryptos should get another pump. If it stablizes then I will feel comfortable going back to my normal approach of 99% TA Nevertheless, trading is about risk reward and properly managing positions. If the r:r is tilted too much in my favor then I will open a large position regardless of what is happening with Tether and I will use a market stop loss if need be. I posted a chart earlier with a $35 target for ETH:USD and that is a prime example of something that is too favorable to pass up. In the mean time there is an incoming death cross on the 3D chart with the 50 and 200 MA’s. The first close below the 200 MA is what led to my most recent Bitcoin Bubble Comparison . Only other time this happened was in October of 2014.
BITSTAMP:BTCUSDShort
by Sawcruhteez
10
XRP H&S target reached; Big Bounce Support on 1Day 50maPlease look back 4-5 ideas about the XRP H&S target I pointed out...we have found support at the nearest direct support line immediately below the drop target of the head and shoulder pattern I pointed out. We have seen a very nice bounce here at the 1 day 50ma(in orange)...still a chance that this support could fail if so the next fib line down just under this MA will likely find the ultimate bounce support if this one doesn't hold support. This one may be enough for us to continue upward however. Will need to start seeing a series of higher low/higher highs form though as of now bears have the reigns. However now that the drop target has been fulfilled on the head and shoulder breakdown the bulls may be able to steal the reigns back very soon.
by DrDovetail
4
TRX/USD going to test recent lows?!TRX has failled to break the 50-day Moving Average, Slow stochaci is showing bearish movement, it is too high and the red line just passed the back line, meaning price will decrease very soon. Which means that unless we find support on the 20 Day Moving Average, TRX will experience recente all time lows. Volume doesn't seem to increase as well as what happens to BTC, which means that this little Bull Run is temporary. Markets are unstable at the moment.
BITFINEX:TRXUSD
by Mr_Guapo
big rejection @ 1day 50ma bck inside the 1week dscnding triangle Couldn't get above the 1 day 50 ma or the 4hr inverted head and shoulder neckline they were double reinforced resistance and we now find ourselves back inside the 1week descending triangle pattern. We are nearing the apex of this pattern so I anticipate a break out of it eventually and most likely a bullish break though we may see a bearish breakout fakeout just before. I would have exited my position just at the neckline of the inverted head an shoulder had I been near a computer when it pumped and would likely still be out right now sitting pretty but since I didn't and also wasn't aroudn for this breakdown I am still holding. I may have missed some accumulation opportunities but What I'm looking for at the moment is for this current dip to form a higher low on the 4hr as we just achieved a higher high. If we turn back around soon enough and form a higher low probability will continue to favor the upside.
BITFINEX:BTCUSD
by DrDovetail
2
seeing a nice bounce right at the 1 day 50 maAs I anticipated, we would find support right at the 1 day 50ma...our previous bearflag consolidation had some bullish divergence on the 4hr chart and though it couldnt stop the bear breakdown it indicates that the correction may be close to over...Im thinking the 1 day chart 50 ma (in orange) could certainly be that. Currently we still haven't even touched it...turning around a quarter pip above it like the mob's herd mentality tends to do. I'm thinking we either bounce here, touchdown on the 1day 50ma then bounce back upward, sending a bear wick below the 50ma but inevitably closing above it...or maybe just one more breakdown from here. My limit buy was triggered at 6939 so I"m happy with my trade for now. But if I see the potential head and shoulders (with very little shoulders) look like it may trigger then I amout again until 6.1k -6.2 overall I think we would only see 1-2 more bear breaks downward before we turn back around but the golden cross is dependent on us not closing below the 1 day 50ma
BITFINEX:BTCUSD
by DrDovetail
5
We have broken down from a bearflag & through a big support liThe old adam and eve neckline we broke up from before was holding very strong support after the bearflag breakdown but could only hold for so long before it gave way. Are next 3 big supports are 7.3k the 4hr 200ma(shown here in blue) the 1 day 50ma and the 7k psychological. The bearflag breakdown target could send us all the way to 6.9 or even upper 6.8k. However I am hopefully that either the 200 on the 4hr chart or the 50 on the 1 day chart will provide us our much needed bounce. if we break under 7.2k however then 6.8-6.9 becomes a real possibility.
BITFINEX:BTCUSDShort
by DrDovetail
8
Trumps Economy | S&P 500 Analysis | BullishAccording to my technical analysis on the weekly chart using the TD-Sequential Indicators along with the 50 MA (Moving Average) and the 100MA in the purple, we've got a really great chance of a few weeks of some upside. Maybe new all-time highs!! At the time of this writing, the S&P500 (SPX) is on a green '3' of '9' candle on this weekly chart. Typically, a perfect setup is what a green '2' closing ABOVE a green '1' candle; Which is exactly what happened here on the weekly chart! We're finding really good support along the 50MA (in the blue). Every now and then we hit the 100MA (in the purple), but we always bounce off that support line. There's a lot of uncertainty in the markets because of the tariff battle going on; However, I don't think this is going to really hurt the market much. I'm not a financial advisor, but overall, I'm bullish in this economy.
SP:SPXLong
by the13thalien
1
Potentially inside a rising wedge.If this continues to play out this way there is a good probability this wedge could drop the price back down to the support zone of the 4hr 50ma(in orange). Whether or not the 50ma will maintain support if it breaks own tot hat level is the question. Of course we could always break upward too but I won't be confident of that until the 4hr rsi and stochrsi are low enough with the price action close enough to the 4hr 200ma(in blue) and the top trendline of the symmetrical triangle we are in (in pink) to be able to have enough momentum to surpass them both and trigger a breakout. As of now both those indicators could stand to be a little lower before the next upswing. If the upswing happens before they drop, it's very unlikely we will break out of the pink triangle.
BITFINEX:BTCUSD
by DrDovetail
$BYOC Breaks out above the Ichimoku Cloud 50MA and Pinched Bolis$BYOC Continues its massive breakout run up after breaking out of the Ichimoku Cloud with 5 consecutive days above the 50MA making higher highs and higher lows. Bolis have also pinched and released on the chart and the 1 Year and 3 Year charts show extreme bullish breakout on technicals. Usually the last few days of the run the shorts were handed the mornings and the longs and bulls took over the afternoons after lunch, that seems to be the case today as the bulls have already stepped in early during lunch to take the reigns and are tapping the ask up. Over the weekend OTCMarkets was updated to reflect the new share structure which showed a 300 mil reduction of the float and a new website was also posted. Many catalysts are expected both short term and long term, the next short term catalyst is expected to be audited fins which should drop within the week, after that is an uplistment to OTCQB or the finalization of the first major acquisition worth over $25 Mil in revenues. Many more acquisitions are expected long term as well as an uplistment to the NASDAQ eventually. Long term PPS target still remains $5+ by this time next year.
OTC:BYOCLong
by StockGuild