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Cross

Potential Inverted head and shoulders on the 1/4hr chartsWe got a nice little green impulse past couple candles with some very strange behavior going on with the orderbook over on gdax likely from bots.We can see now that we are a bove a very ugly looking inverted head and shoulder pattern but we can also see the 4hr stoch rsi is overextended and must eventually drop sooner than later. If we can maintain the price action above 6250 for the next couple 4hr candles we should see the inverted head and shoulders triggered which could take it to potentially the 6700s if so. There's an equally good chance however it could be a fakeout and a deeper dip could be on the way below our last low after simply forming a lower high here. For us to form a higher high we would need to impulse above 6.8k not impossible, especially if the inverted head and shoulders is triggered...probability still favors the bears at this point but I will leave this idea as neutral for now. Somehow even though the adam and eve double bottom has sadly been invalidated we still have a chance to trigger a triple bottom. if the triple bottom doesn't occur...I still think we will see a bullish turn around within a weeks time or so simply because the 200MA on the 1day chart is now starting to finally curl downward...it is still currently factoring in all price action from December 7th to now...but once it no longer factors in anything from before December 15th we should see a noticeable drop off on the 200MA, and if we simultaneously are going up ward enough to get the trajectory of the 50ma to point upward then we should see a 1 day golden cross sometime in July which will be a great sign for the bulls and potentially restart the bull market. For now, however I am neutral.
BITFINEX:BTCUSD
by DrDovetail
NZD CAD - Breakout triangle continuation , let's go up!Let's see NZD CAD , thought 0.91500 might act as strong support and let start a retracement but 3 minutes ago , 4h candle close above the previous high , so i'm looking for some long position . Would wait for a retest of the resistance with a SL below the candle. First target might be around 0.92500 , old support zone that this time could act as resistance. That's just my analysis , my opinion , you don't have to take this post as a financial advice. Remember to always protect your capital. Have a nice day traders , remember that this week will be a high risk week because of the meeting will occur this week.
Long
by maro9392
Inverted Head & Shoulder Pattern flirting with neckline.If we trigger a bullish break upward from both the inverted head and shoulder pattern and the falling wedge pattern we will next be testing the much larger triangle pattern we are inside's top trendline. Breaking upward from the bigger triangle pattern has the potential to take us to 20k+ and saeeing how we are nearing it's apex as well I think up is going to be the path of least resistance and still am fully behind my mantra of "To the Moon In June!". Also, the original pattern of the Adam and Eve double bottom is still very much in play and I predict all of these bullish patterns will be triggering in the next couple months as well as the impending golden cross on the 1 day chart. As soon as the 200MA on the 1 day chart no longer factors in the climb to the ATH from november-first half of december. The 200MA should drop significantly and trigger the golden cross that will kick the bull market into gear. The 200MA is currently factoring in all price movement from November 13th of 2017 until today....so by July it should no longer be factoring in the climb to the ATH and the 200MA should by then definitely dip below the 50ma on the 1 day chart, if not sooner. Looks like it shold be a bullish summer.
BITFINEX:BTCUSDLong
by DrDovetail
2
1day Golden Cross developing as BTC bounces back to 1day tline. Staying neutral for now as we seem to have found a resistance at the 1 day charts t line(in yellow). We never hit the huge bounce support zone of 7,000 before this rebound so there's still a slight chance we could head back down to test it....however the 2 most optimistic signs I see right now is first, we are reaching the apex of a triangle that I think will most liekly break tot he upside, and secondly the 1 day 50MA(in orange) is heading upwards towards the 1day 200MA(in blue) and I don't expect the 200MA to suddenly start heading upwards since its gonna be factoring in the drops we had in January, February, and April pretty soon...in fact I think the only reason the 200 MA has stayed up this high to begin with is because it was still factoring in the uptrend from last year that led to the all time high...once the 200MA on the 1 day chart no longer stretches back to November or early December it will likely drop like a rock...but you can already tell with the 50ma(in orange) curving back towards the upside that we will be seeing a Golden Cross sometime next month. Once we get a golden cross on the 1 day Time Frame is when I believe we will officially enter back into the bull market. Everything in cryptoland is currently at a discount in my eyes and I'm hoping to enter back in at a wise time when we were below 7,100 was the most ideal time to reenter..however since we never tested that huge buy wall that's hanging out at 7k there's a chance we may drop back down one more time...I believe it's wise to ladder a small portion in right now, and then ladder in more if we dip to that again but I'm fairly confident we will be heading upward most of the month of June. . . and still stand by my mantra "To the Moon in June!" Stay strong make wise decisions, maintain nerves of steel, and keep your eyes on that 1 day chart golden cross scenario.
BITFINEX:BTCUSD
by DrDovetail
2
7263 seems like it could be the handle bottom. I was thinking any lower than 7350 would greatly decreases the odds of our cup and handle pattern because usually the handle does not go down further than half the height of the cup. However a cup and handle as wella s the double bottom for that matter is not truly invalidated until the price action has dipped well below the bottom of that patter so with are current low of $7263 (which is not all that far from $7350) We still very much have a chance of triggering this cup and this double bottom if we can go upwards from here. You'll notice the price action is currently inside a falling broadening wedge which is inside another falling broadening wedge..those patterns tend to break upwards..Of course we must keep in mind that the head and shoulders pattern we broke down from the other night should have sent us to the 6300s and hasn't reached that price drop target yet meaning there's still a chance that could happen. I hope not because it would essentially invalidate the Adam and eve double bottom we've been following since April if it dipped that far but we must still be prepared if that were to happen. Bulkowski gives the head and shoulders pattern a 55% chance of meeting it's price target so this could also just be one of the times where it is in the 45% and doesn't meet it's target. If so now is a great time to get a discount and add to your position but I would wait until we see the next clear break one way or the other then choose what to do as far as exiting or adding goes. One other positive sign that I think will ultimately bring us up out of this mess is that on the 1day chart(not shown here), the 200MA is finally starting to turn downward and change its trajectory while the 50ma is on it's way up...if the 200ma and 50ma maintain or increase these trajectories we should finally get our golden cross on the 1 day chart within the next 2 weeks which should jumpstart the market again and allow us to climb back up to the adam and eve neckline which currently sits in the 9400s and because of its downward slant, is going to be easier to reach as each day passes. So despite us going below $7350 I'm still confident we can find a way to validate the cup&handle, and the adam and eve double bottom, but also fully prepared if the head and shoulders reaches its projected target. I hope you are too in whatever path you choose, and that choice will be yours alone as this is not financial advice. Best of luck and thanks for reading!
BITFINEX:BTCUSD
by DrDovetail
2
Head & Shoulders in PlayThe recent bearish breakdown has sent the stoch rsi to the bottom range but with the RSI not yet in oversold conditionas there's likely still more room to fall and the chart is forming a bit of a potential head and shoulders pattern on the 1hr chart. If the head and shoudlers is triggered it will drop us to to the 8,000s so keep an eye out for that...plenty of head and shoudlers patterns have failed to trigger so there's a chance this could be one of them but after the recent death cross on the 4hr I would not be surprised one bit if this triggers. I still feel like the lowest we would possibly dip is $7350 but think 7700-8100 is more likely...and below that thee 7500s seem liek a good rebound zone as well. The ascending grey trendline that has acted as a major support zone in the past is sitting right where the drop target of the head and shoulders pattern ends so it very well could be what finally bounces us back upward and continues the bull run. Choose wise limit buy zones and maintain enrves of steel and you will likely just accumulate more btc during this drop.
BITFINEX:BTCUSDShort
by DrDovetail
6
Impending death cross on 4 hour chart. Bear signals everywhere.As you can see each time we tested the top of the ascending broadening wedge(a pattern which usually breaks down) the price action was rejected, and once the wedge ran into the top wall of the descending channel the support of the t line could no longer prop it up causing the current breakdown from the only bullish thing we had going which was the bull flag. Now that the only bullish signal has broken down only bearish ones remain and as you can see on this 4 hr chart the 50ma(in orange) is about to cross under the 200ma (in blue) which creates a death cross which is very bearish and indicates the path of least resistance is to the downside. Hopefully, the 50ma on the 1 day chart will be enough support to once again bounce us back upward as it has done the last 2 times we tested it but even if not, as a firm believer that we are still just creating Eve's handle in this descending channel, I think the worst case scenario drop wise would be 7350 but we will more likely bounce back at 7500 or even 8000 before dipping that low. A smart move here would be to set a buy in a pip above the 1 day 50 ma with a stop loss a couple pips below it should it not hold support this time. From there maybe do the same thing with 8000 and if it breaks under that try it again at 7700 and once more at 7500. I would simply buy the dip if it somehow drops under 7500 but in the unlikely scenario that it goes under 7350 I would exit completely because if it does that it will likely be crashing much further...a scenario I find highly unlikely. Best of luck with whatever strategy you choose for yourself, this is simply my strategy and not meant to be taken as financial advice. Thanks for reading and good luck.
BITFINEX:BTCUSDShort
by DrDovetail
BTC saved by a bounce up off the weekly charts tlineA bearish break down from the recent bullflag sent the price briefly plummeting and threatening to create a lower low by going under $8650 but the price was stopped just short of doing so at $8808 by the strong bounce support of the 1 week chart's tline(not shown but indicated here by the 100% fib extension). These 2 lines overlapping formed a double reinforced support and allowed for a very nice bounce which left a bottomwick there as it went upward until the body of the candle found support at a former longstanding trendline of strong support(in purple) sitting at 8900. . . from there with the rsi, stoch rsi, and mac d levels cooled off and having room to rise we have slowly pulled ourselves back above the 4hr chart's tline at $9056 (in yellow) and are using it as current support. It's crucial to keep this line as support as it is our best hope at continuing the bull climb. Now that we have closed several 4 hr candles under the 4hr 50MA (AKA Buy Sell Line) We are technically in a sellers market on the 4hr time frame. This usually leads to more downside as the path of least resistance...and with the bearish cross of the 8ema(tline) going under the 50MA that can lead to bearish price action as well of which we have already seen some of. The good news is, on the bigger 1 day chart...we are still well above the 1day buy sell line so on the daily we are still in a buyer's market...therefore with all the current strong support lines we have around the current price action, and because we are well above the 1 day chart's 50 MA, it is still very possible for us to find a way to climb back above the 4hr chart's buy/sell line as well. it won't be easy however because the price action is now forming a small rising wedge with a rounded bottom on the 4hr chart. Rising wedges are typically bearish patterns and tend to break down...it is for these collective reasons collectively that I am switching the current idea from long to neutral. I'm still holding my position but ready to ladder fractional shorts should we begin to break down. I have illustrated with green and red hyphenated/dotted trendlines how far one can expect a break down or up of the rising wedge. Lastly, important to note that the trajectory of the Eve line is still on target to converge with the double bottoms neckline on May 3rd. However a break down from this current rising wedge and any sort of prolonged fall could drastically change the projected date that the eve trendline will converge with it's neckline. Another reason we should hope we find a way back above the 4 hour 50ma soon because forming a few lower lows from here could potentially invalidate the adam and eve double bottom all together and absolutely no one wants that....which is why I think we may have a chance to break upwards. For now I will keep the idea neutral and do my best to be prepared and ready for either outcome. You choose your own path however, for this is not financial advice. Best of luck and thanks for reading!
BITFINEX:BTCUSD
by DrDovetail
Head & Shoulder, Ascending broading wedge, and 4hr golden cross.On the 4 hour chart here you can see the head and shoulders so far has avoided being triggered after the 4hr candle price action rose back up above the head and shoulder neckline before 3 closes..However on the current 4hr candle, it is now dipping back below the neckline so odds are good it will eventually still break down from the current broadening ascending wedge wedge which when it comes to ascending broadening wedges 76% break out in the same direction as that leading to the pattern which in our case is downward...so currently probability favors more downside but as you can also see we just now on this candle have an official 4hr golden corss of the 50MA moving above the 200MA...such a cross is more effective when it happens on the 1 day chart but it also typically allows for some more bull momentum when it happen ons the 4 hr chart as well just not quite as effectively. Because of this golden cross I think it's very likely that zone could act as strong asupport when the price action breaks down to it and could provide enough of a bounce/rebound back upward that we get back above the head and shoulders neckline before having a chance to trigger it for more downside...becoming instead a bear trap. We could also still dip below that and instead find support at either the ascending grey trendline, or ultimately the pink eve curved trendline....we could dip to those and also rebound back up before triggering the head and shoulders....however if the head and shouldersdoes trigger its projected fall could easily break nudner the pink eve trendline....then again since that trendline is somewhat of a projected line it can be adjusted a bit...possibly even enough to account for the projected fall of a head and shoulder trendline...however I'm fairly confident based on all the previous candle body touches that have verified that trendline up until now that its trajectory is pretty close if not spot on. For now I am going short expecting a fall at least to the 50ma, but also being prepared to pull right back out if it goes down further to get in at the pink eve trendline. You choose your own path of course because this is not meant to be financial advise. Thanks for reading and best of luck! I'm only short here for the short term...and think there's still a chance to avoid this head and shoulders.
BITFINEX:BTCUSDShort
by DrDovetail
3
Ethereum Cup and Handle, possible Death Cross 4hr ETH/USD [BTFD]What are we going to do with ETH? already seeming a little outdated with EOS, NEO and a few others on the scene ready to replace one of 2017's best movers price action from Bitcoin has lead to numerous formations of Cup and Handle on many strong USDT Altcoin pairs such as ETH/BTC Death cross on the MA (100/50) will help with the short and then looking to long after it hits $450 level, possible it could go lower if bitcoin prices go down, so just becareful with this in mind Fib retrace shows best poss support and resistance or use it to set TP points - any questions, join us in our Telegram group So pretty easy trade, shorting ETH down to previous levels in green box seems pretty safe and price should return upwards towards the neckline of the C&H formation Sentiment on ETH for 2018? im fairly bearish on this coin, although we may see ATH's again im pretty sure it won't have the domination it had in 2017 due to competition, no user governance, gas prices, kitties you name it... Eth has been a great way to show smart contracts and other abilities for the blockchain, other 'newer' and 'better' coins will render ETH old hat, as for example EOS will be easier to use, better GUI's, more safety features, and most importantly be able to scale up good trades to you all
Short
by majorlee
4
No 4hr higher low established yet only inside bar consolidation;Here is a basic layout of all the major support and resistance lines currently on the 4hr chart. The t line has been acting as resistance for a little while now but is teetering on the brink of flipping back over to support. If it does I anticipate the 100% fib line will become the current resistance. If it maintains resistance at the T-Line then we will likely see support again at the 200MA which has been holding strong so far. If it somehow breaks under the 200MA I will short a very small fraction of my position and try to limit buy it back around the 50MA...but even shorting then is a bit of a risk since we are now in a buyers market on the 4hr chart after closing more than 5 consecutive candles above the 50ma. In a buyers market it's always much smarter to just buy the big dips rather than selling any of your position. However since we are yet to be above the 50ma on the 1 day chart, I have a feeling this risk could be a smaller one. If it doesn't flip the 200ma from support to a consistent resistance however I will not be shorting at all. With these inside bars we still technically have yet to have formed any sort of higher low...so we are still somewhat due for a potential dip..if the dip happens, the lowest I think we could possibly drop from a retracement at this time is the pink curved eve trendline down at 7000. I am quite confident after seeing it unfold for many days that the a&e double bottom pattern will indeed be validated. One other big thing of importance to notice is the slopes of the 200ma and 50ma on the 4hr chart....the 50ma moving upward with the 200ma sloping downward....you can already see an impending Golden Cross on the 4hr will likely transpire within the next few days to a week from now. It's not quite as big of a deal as if a golden cross occurs on the 1 day chart, but it should still provide a solid bullish boost none the less which will likely eventually lead to a golden cross on the 1 day chart as well and far mroe upside to come with it. On my last idea post I showed you how on the weekly chart there is a large descending wedge which should reach it's apex around the 23rd of April...I ave a feeling we will break upward from this descending wedge before that date and the upside projected price targt from a bullish breakout of that will definitely lead to a golden cross on the 1 day chart and potentially a new all time high sometime in June. Still, keep an eye on support and resistance zones, because a retracement all the way down to the eve line is still a very real possibility in the coming days. Of course so is the possibility of consolidating sideways until the 19th and then continuing to go up. HODLing and buying the dips seems like the smartest strategy for now. You choose your own path though as this is not financial advice. Good luck and thanks for reading!
BITFINEX:BTCUSDLong
by DrDovetail
Death cross?If you look closely, using the 20-50-100-200 EMA, the 200 EMA is about to finally cross 100 EMA. When this happens, the 200 EMA will be at the top, followed by 100 EMA, then 50 EMA, and 20 EMA at the bottom. This is the hallmark of real bear runs in every market ever. Also, if we look at RSI, the price level is still lower than March, yet the RSI is much higher than March levels, even with the current dip as i type this. Also, although 4H charts show good bullish indicators on ichimoku kinko hyo, the 1D charts have always been slow to reflect those. When it finally did a day ago, it was conflicting with most of the fundamentals. If the bull run starts now, it would be really conflicting with previous BTC trends. Truth is i don't think anyone knows what is at play here right now. Best to take some profits if you have them and have those fiat ready in case the big bear comes.
COINBASE:BTCUSD
by LimKopi
Update!! Day1 Hello.. Welcome "Selamat Datang" to my updated Litecoin! COINBASE:LTCUSD COINBASE:BTCUSD As falling from symmetry triangle as preview show that massive selling to deep before hard fork and as mention Btc, Ltc, Eth showing "Bullish Divergent" , but it's need deep before long. The cross that i showing (alert for long term holding buy) buy just short the confirmation as continue selling as price double bottom will be break or it will bounce... as COINBASE:BTCUSD chart]https://www.tradingview.com/chart/BTCUSD/Ctu7afu9-BTCUSD-may-be-Near-D-Bottom/ i t's good for deep as looking for more demand in the future Bitcoin SHOCK PREDICTION: “Everyone says crypto is so bad, but there’s no difference between this and any other time when people have gone into something new. “Is it new? Yes. Does it need to mature? Yes. Will it be regulated? Yes.” Regulation could be one of the biggest boosts for Bitcoin investors, according to experts. Regulation could be a turning point for such criticisms and allow Bitcoin to flourish Despite predicting that the cryptocurrency will be regulated as it matures , it is emphasized that one of Bitcoin’s greatest features is the fact it lacks a “central authority”. Expert explained: “One of the really fascinating things that kept me coming back to bitcoin when I first saw it, is that there was no central authority. “That means no one can stop it. A bank can’t stop it. A dictator can’t stop it. Parents can’t stop it.” The crypto entrepreneurs stated that although the world of virtual money continues to add further currencies for investment, Bitcon remains “the central reserve currency of crypto”.
COINBASE:LTCUSD
by Hazwan456
BTC/USD Death Cross forming? SHORT [BTFD]BTCUSD possible death cross forming as traders take profit going into the new week. Stochastics and MACD have shown bearish crosses forming also on the 4 hour timeframe and daily, adding to the momentum of a correction possibly being on the cards - in the range of a $7,200 to a swing low of the $5,800 range, a potential play ahead of the fork could bring high return if the bull run is to return and hit $10k numbers in early 2018. Levels to watch: 200 SMA (to watch for dip buys): $6200 - $6400. What is a Death Cross? check out links below for more TA, group chat, signals, feed and much much more..... Join our Telegram members group: t.me t.me Sign up to our website FREE for a limited time only @ buythefuckingdips.com Follow BTFD and Major Lee Blunt: twitter.com steemit.com Also published on Investing.com: tvc-invdn-com.akamaized.net
BITFINEX:BTCUSDShort
by majorlee
1
Finally seeing bearish priceaction post deathcross; bearpennant?It was confusing to me why there was such an unexpected bull surge recently immediately following the death cross on the 1 day chart on bitfinex. We climbed almost to the last recent climb but couldn't attain a higher high above it before now finally seeing a bearish reversal...This may be because even though the 2 moving averages have crossed on the current day candle...those moving averages can be moved until the current 1 day candle closes and then their positions for today are set in stone....so maybe it was a last ditch effort by some big holders to somehow take us high enough to push the death cross back apart before the 1 day chart closes 8 and a half hours from now. That would unfortunately take about 5 times the bull impulse we've currently seen which now that we've turned back around without even surpassing the last high seems unlikely which should set the death cross into stone by the time this 1 day candle closes. We are currently forming an equilateral triangle with price action that will likely be a bear pennant and once todays 1 day candle closes and sets the deathcross in stone on the bitfinex map will likely cause all other exchanges where the deathcross has yet to happen yet to occur....this will create a bloodbath on April Fools day with people thinking bitcoin is doomed...however I think that will be cryptos Aril Fool's Joke....I still hypothesize that it will only dip to the price level of the low we reached on february 6th (5700-5900) which I think will trigger a massive double bottom at that point and see us skyrocket back up and into the bull market just in time for the second quarter after triggering a goldencross soon thereafter....this is all just a gut instinct and is in no way shape or form meant to be taken as gospel or financial advice. We will soon see in the next couple days. Make your own decisions, choose wisely and good luck!
BITFINEX:BTCUSDShort
by DrDovetail