Possible long opportunity EURUSDPrice has crossed my 30 EMA, trendline and support. However, it's still below my 200 SMA. Risk is high.
Average
Always Wait For Confirmations 📚 Those who win at the Forex game are those who are able to build on their case to take a trade, whether it be fibonacci, moving average, patterns etc. The more confluence, the better. This is why it is important to always wait for your confluences to line up before taking a trade.
For this particular trade, those who were waiting for the third touch of the upper resistance of the pattern, would've been stopped out if they had a tight stop loss. It would've been better to wait for more of your confirmations to line up so you can execute the trade knowing that there are more things on your side (other than chance!)
See below for the current GBPNZD set up.
Always Wait For Confirmations 📚 Those who win at the Forex game are those who are able to build on their case to take a trade, whether it be fibonacci, moving average, patterns etc. The more confluence, the better. This is why it is important to always wait for your confluences to line up before taking a trade.
For this particular trade, those who were waiting for the third touch of the upper resistance of the pattern, would've been stopped out if they had a tight stop loss. It would've been better to wait for more of your confirmations to line up so you can execute the trade knowing that there are more things on your side (other than chance!)
See below for the current GBPNZD set up.
$OXBR, riding to $5.00This does not seem to be stopping. It's toward the bottom of the trend so we are entering here. The RSI is staying steady above its support and the trend is well above the EMA 30. We are hoping to $5.00 but we'll take anything over $4.00.
ZRX looks to have broken out the falling wedgehi guys, keep checking on this, its broke out the falling wedge, also above the 21 moving average and pushing above 50 on the rsi if we stay above 50 on rsi uptrend confirmed
wanna risk a long on btc when everyone is hyped??why not stonks just keep going up. why shouldnt btc do the same. good luck predicting the top of this market cycle lmao
your long could get rekt, dont risk more than 1-2% per trade, trade well folks and use VERY SMALL POSITION SIZE because high volatility. 10% moves have become the norm. Dont be a wise guy doing 25x.
Markets ranging atm. till support breaks i aint gonna be overly bearish..mostly neutral on btc atm.
Tilson Moving Average (T3)T3 is one of the most accurate moving averages developed by Tim Tilson.
Tilson Moving Average (T3) is a trend indicator with the advantage of having less lag than other ones.
That is, a faster moving average. T3 is considered superior to traditional moving averages as it is smoother, more responsive and thus performs better in ranging market conditions as well. The T3 moving average is an indicator of an indicator since it includes several EMAs of another EMA. Unlike any other moving average, it also adds the volume factor.
Tim Tilson is designed another superb movinh average called IE2 which integrates the linear regression into it.
Where to buy bitcoin using MA50On the daily chart, we can clearly see that bitcoin has been using the MA50 as a dynamic support and resistance. A few years of data tells us that when bitcoin breaks to the upside decisively, we should go long. When it breaks down, we must go short. Bitcoin always retests the MA50. Considering the numerous bearish signs as outlined in my previous analyses and by others, we should expect bitcoin to retest the MA50 soon. When bitcoin retests the MA50 it almost always results in a considerable bounce.
Conclusion:
Bitcoin will likely soon retest the MA50 - which currently is at around $14000 - when it does touch the MA50, it may be lower than now. Significantly, there are major support lines in the areas of the MA50.
I expect a significant bounce when bitcoin hits the MA50.
The 50 Moving Average - The best Indicator?It is clear why so many traders use the 50 period moving average, just one look at this chart shows how useful the indicator is. Used by traders as a dynamic level of support or resistance, the 50 moving average takes the last 50 candles / bars, and shows the average closing price of those 50 periods. You can see how the EURJPY has respected it as both a support and resistance, and often when price breaks through it in one direction it will retrace to retest the moving average.
We recommend you learn more about both the simple moving average and the exponential moving average (weighted to favour recent data).
4 Reasons To Buy BitcoinI don't hear much people talk about the 350 MA on the 4H chart, but I find it to be quite significant and respected one.
The fact that a 4hr candle closed above it makes me extra bullish even though I have been bullish for quite sometime.
Based on my previous analysis on the 140 DMA (look at related links) I already bought a big stack at the 9900 dip a month ago, but I am buying more here.
You can see on the chart the kind of results it brings when bitcoin breaks to the upside the 350 MA.
January: 35% Pump
April: 45% Pump
July: 32% Pump
November: ???
25% Pump would get us to the 14k massive resistance zone and I do think this is a very likely scenario to play out by the end of 2020.
EURUSD hits 100 months MAEURUSD hist 100 months moving average for a 2nd time during the past 2 years. We also approached yearly R2 pivot reversal level.
In 1986 and in 2003 on the 2nd approach to 100 MA bullish move continued after congestion with retracements. In both cases there had been a stall and congestion at 100 MA on monthly. It is very likely bullish move will continue above 100 MA as July candle is very bullish. But I expect congestion at 100 months MA also this time. It may take 2-3 months before the bullish move continues. Now I would expect a pullback to untested monthly pivot.
Bitcoin - Buying Level GuidePersonally, I've held Bitcoin throughout the entire bear-market, so I'm in no rush to buy more. However, seeing as we're at a critical juncture right now regarding BTCUSD, it doesn't hurt to have a plan in mind for when next to dollar-cost-average or buy aggressively.
The chart shows where I believe bitcoin could go in the coming months, and I've indicated where my buy-points would be. I would buy at those points to maximise my upside potential. However, since bitcoin bull-runs are long and endless, it is best to combine this strategy with a regular DCA strategy.
Bitcoin - DCA Guide (Dollar Cost Averaging)I've found that the Bollinger Bands that I use for investing in the stock market, also do work well for Bitcoin on the weekly chart.
In addition to just regular dollar-cost-averaging (DCAing), you can also purchase BTCUSD aggressively when the RSI falls below 40 and/or price goes below the lower Bollinger Band.
I do not however recommend taking profit at the upper Bollinger Band. This is because when Bitcoin again goes on it's raging-bull / moon-run rampage, it will disrespect both the upper Bollinger Band, and the RSI.
This strategy is best used as a companion to regular DCA methodology.
Note: Disregard the strategy performance chart below, as the Bollinger Robot is not tuned to buying crypto - so there are insufficient orders for the performance chart to show.
Importance of 350MA and 111MA. Predict start and end of bull runCrossover between these two signify starting of bull run and ending of bull run.
Another important insight from these two is that 350/111 = Pi
It has been accurate upto a week to predict starting of bull run and ending of bull run!!!
AUDUSD - LONG- Watch for breakout of correction.
- Ideally a touch of the ascending trendline and 618 fibonacci
XJO - ASX 200 at the bottom of trend channel - decision timeOverall XJO pullback to trend channel and 50% Fib complete, looking for upside bounce soon. indicators turning up from right on the 34EMA.
Let''s look to see where the US markets head and take us and hopefully we can hold this zone.
SPY Hangman or FakeoutYesterday the SPY broke above an important level (GAP) at 302. It also confirmed two consecutive days above the 200sma. Interestingly enough on the last close it printed a bearish hangman candlestick. It'll be interesting to see what happens into the end of the week. If we can keep above the 200sma and print a proper bullish structure (double bottom etc), then the potential upside is pretty impressive. If we break down through the 200, I recon we get stuck in a trading range somewhere between 290s-300.
CHFJPY - LONGPrice broke out of descending channel.
Awaiting a retest of the broken channel which lines up with:
50% fib
4hr 50 EMA
Support Zone
S&P expanded flat & 200 day moving averageAny Elliott Wave people out there want to take a look at this expanded flat pattern, as we approach the 200-day moving average around 3000 on the S&P 500. Major bear market top resistance. What do you think is going to happen? Could be a dramatic overnight trading session and big important day tomorrow. To see if we stay in the bear market area, or cross over into a bull market.
DAL *UPDATE* Second Bull Confirmation Coming the 29th?NYSE:DAL We'll see. Maybe opportunity to buy or add to position (average down).
