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Bullishcross

A dose of bullish hopium for all... Bullish cross on monthly. Greetings traders, hustlers, busters, movers and shakers hope you are having a safe and profitable day. We have very interesting thing happening on the monthly chart and perhaps this is giving an immediate indication that case of the bears might not be strong enough to drag us to the new prolonged bear market. There is 10 and 21 SMA bullish cross steering at us on monthly since the 1st of October and historically both bullish and bearish versions of this cross has played out nicely before and had a significant effect on the direction of the overall trend. Being a diligent and risk-averse trader that I am I see several problems with this cross and have to get this off my chest before I proceed with the session of bullish mental masturbation. Problems with the cross: 1. We only have 4 cases of these bullish and bearish crosses happening on monthly and to be honest, I am not sure if this is enough to base the assumption about the future price action. 2. The ideal bullish cross should have both SMAs trending up. In this particular case, 10SMA is up and 21 SMA is neutral more than anything. I guess, there is still merit in this cross since the previous cross ( was not an ideal as well. 3. During the previous bullish cross Stochastic was trending up and was out from the bearish zone, however in the latest case we need to see about 800 to 1000 dollar move to the upside to undo the fresh stochastic cross. 4.. For me, it does not look like RSI is being rejected from the critical zone, however, again, roughly 800 USD move to the upside will result in well-demonstrated rejection and align all the stars for bullish continuation. This being said, I don't think we are going to see 800 usd uptick to the upside and we are not going to see freshly crossed stochs being undone anytime soon. Question that bags to be asked is following, do we see the cross play out without confluence from the stochastic and RSI? I guess we will see that soon enough. More likely scenario ATM is that, we test the cross before the end of this month and get rejected from it hopefully with enough inertia to pick-up some bullish momentum as we approach 8.5K level again. Stay safe people, subscribe to my user for more updates and let me know about your thought in the comments. Please note that this cross has started a very lucrative bullish market before and we don't have any legitimate reason to suspect that this is not the case now too.
BITSTAMP:BTCUSDLong
by akublashvili
Long Chainlink on 15m- 15% pump could be comingOn this chart, we have a crypto specialty, the symmetrical triangle, where the target is generally the height of the triangle. However, these have not been the most reliable in recent times, so I'd recommend taking some profits on the way up. Everything is looking good for the next few hours. MACD crossed over. RSI ticking up, and lots of volume. Target is equal to a fib level which is always a little confirmation as well. Stop is below a fib level and previous low, which is very conservative for a pattern like this, but still great R:R. Feel free to set it just below the triangle if you don't want to risk so much of your capital. On the fundamental side of things, what's not to like as well? Twitter has been increasingly active by the day and so much faith is being restored and entering into the project. Please don't forget to leave a like! Previous link analysis:
Long
by Etch1234
Bitcoin Price Action Extra - Wyckoff Accumulation 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. Sawcruhteez Strategies: Comprehensive Trading Strategy - Consensio | Comprehensive Trading Process | How to BUY THE DIP | Advanced Dollar Cost Averaging Methods The 4h chart looks like Schematic #1 of Wyckoff Accumulation Pattern . We have jumped the creek and created a higher low which is where I get very interested in this pattern. The higher lower after jumping the creek is point #12 in accumulation and that is Wyckoff's favorite entry point. If price breaks through the horizontal resistance lines and throwsback for a retest then that would be the second LPS / point #14 which is his 2nd and final entry point. This indicates to me that the market has had the chance to consolidate properly before the expected market period. www.forexfactory.com Consensio on the same time tends to agree. The 200 EMA has supported multiple attempts and the 50 is squeezing sufficiently. This is where the higher low and the 9 EMA is most important to me. I really want to see price support above the prior higher low ($7,680) and for that to be followed by a bullish cross with the 9 EMA. If that happens then I will feel very confident that we will be ready for the all excited markup period : )
BITSTAMP:BTCUSDLong
by Sawcruhteez
Bitcoin Daily Update (day 332)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 Consensio: P > S MA > M MA > L MA Patterns: Phase 7 Hyperwave | A&E Horizontals: R: $3,993 | S: $3,891 Trendline: At $4,577 Parabolic SAR: $3,514 Futures Curve: Contango BTCUSDSHORTS: Appears to be resisting throwback to TL. Failure to maintain trend would indicate a change in market disposition where less are inclined to short sell these prices. Funding Rates: Longs will receive 0.0213% (this is very surprising) TD’ Sequential: D G5 | W G3 > G2 Ichimoku Cloud: Attempting to close weekly above Tenkan-Sen for first time since Aug 2018 Relative Strength Index: Above 70 for first time since July 2018 Average Directional Index: Daily found support at 20 and created a higher high above 25 providing nice confirmation of this only being the beginning of the trend. Price Action: 24h: + 0.73% 2w: +16% 1m: +11.9% Bollinger Bands: Third close above top band. Want to see price continue to stick to that band. Stochastic Oscillator: Weekly buy signal | Incoming daily sell Summary: Over the last couple weeks a lot has changed for me. Namely I was asked to co author the book on Hyperwaves with Tyler Jenks and Leah Wald! I couldn’t be more excited about the opportunity, however trying to find the time has been a bit of a challenge. My day was already scheduled so tightly that I barely had a free 30 minutes in an entire week. Now I am needing to adjust my priorities in order to make time for writing. Unfortunately that means I have less time to analyze charts and trade. This was not a problem when the markets were dormant and quite uninteresting, however that hasn’t been the case over the last few days. While I haven’t been able to do as much analysis as I would like I am keeping a close eye on what is most important: The 4 & 9 week EMA’s. ETHUSD is working on it’s first bullish crossover since April of 2018 and it looks like BTC will be following closely behind. Look back over the past years and calculate how much you would have returned if you simply would have bought every bullish crossover and then taken profit and shorted every bearish crossover. You would have bought BTC around $600 in 2016 and sold around $12,300. I am not suggesting that type of move will happen again, or anywhere close to it, I am suggesting that you should do some backtesting and see how powerful this indicator can be. Being in confluence with the weekly Stochastic buy signal provides great confirmation. This market is showing all the signs of a big bounce, which is still hard for me to wrap my head around. Therefore I will just be taking it day by day. Being very careful about how I manage my positions and not allowing myself to become too convinced of one outcome or the another. As it stands today I am continuing to add to my long exposure and am really liking what I am seeing. The only reason I am not calling a bottom is because I do not believe we have capitulated and that is my most important indicator for calling the bottom of a bear market.
BITSTAMP:BTCUSDLong
by Sawcruhteez
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