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Another Exercise/PracticeDoes this make sense? I tried to marry the idea of a cross strategy with the idea of the boxes that I see everyone do. Two yellow lines would be my entry threshold. Solid red line would be my SL. The 3 aqua lines would be my TP1, TP2, TP3. So placing each sell simultaneously as such - TP1 (+1.00) TP2 (+1.00) (TP3) (+.50). TP1 & TP2 are more "plausible" if the down trend continues, so put more in for a greater reward. Once TP1 hits, move SL up to that previous line. Again, does this make sense? I realize they arent large PIPS, I'm still new, I'm just trying to see if I understand what's happening. I'm still in demo mode, so this is all hypothetical. Does anyone see these? Haha. FX:USDJPY
by phcollins
Sequential Bottom. Death cross-50,200 day MA. Retest Imminent What most people are overlooking is the 2011 market decline. I think we're going to see a sequential bottom with an undercut of the prior low. It happened in 1974 in which there was an Oct. low with a subsequent Dec. low. It happened in 1980 with the bunker hunt decline, in 2001, in 2008-9. Point is we historically have had secondary tests. This death cross of the short term MA crossing through the 200 is signaling an imminent retest. So, it would make sense for the sell-off to occur this week because I think we're yet to see major equity selling during this Quarter-end pension fund rebalancing.
AMEX:SPYShort
by TheMandalorian27
11
ALAM Crossing clear enter signalsI created this new version of EMA crossing by replacing it with ALMA, Please take into consideration that the cross signal may occur during the candle. I advise waiting until the candle is close. I used EMA crossing signals to adapt this code and turn it into an (Arnaud Legoux Moving Average) ALMA Cross. I expect it to bring a better signal that an EMA cross, let me know your comments and use under your own risk. this is just and experinental idea. Long: Get into a long trade when the short moving average crosses up the long moving average. Short: Get into a short trade when the short moving average crosses down the long moving average. I recommend using it alongside a volume indicator to avoid sideways trends. Exit at your own convenience or when the trend direction changes. I recommend using it in 4H and 1D charts.
by FXPDM
BTC Death Cross Taunts 4 Hr Chart - Pivotal Moment Since last post Bitcoin has failed to find any support & price dumped to now test the 0.5 Fib level and 200 day moving average. We are currently attempting to Find support at the 0.5 Fibonacci level. Intra-day timeframes looking bloody and beaten. Bit of bearish divergence on 1hr chart. If we continue to fall next target would be around $8300. ON A POSITIVE NOTE We are heavily Oversold on the Daily & 4 Hr Stochastic RSI. The Stochastic blue line has just dropped out of overbought territory on the Weekly chart. In previous posts I shared these possibilities & the potential they had in playing out. Unfortunately they did. And now we all know Bitcoin is a scam ;) Its bad day for short minded person. Thats not me. Cheers Not Financial Advice
COINBASE:BTCUSD
by MitchMilli
BTC Golden and Death Cross - Explanation, DemonstrationFirst of all, do not use MA, use EMA. Second of all People and Traders forget for Golden or Death Cross to work properly, before trend starting, price should be pooled into the cross itself and test some major EMA, like 21 or 50. Then and only then you know its legit (sometimes you get continuation fast on 9 EMA - rarely). So, let's see did it do well on BTC daily. We have a one-off, and a great % of winnings. So from the traders' perspective, you have an edge here, just have to know how to properly use it. Its not just Golden Cross, long it now! No!!!!! You need to understand rules and Price Action to get an edge on your side + Risk Menadmet, or no Golden Cross will help you. Yeah it work, but respect all the rules. I hope this is enough to put an end to "Golden Shower meme". If I lie, the chart is telling a story it self, have a nice day and wish you all great profits, enjoy!
BITSTAMP:BTCUSD
by SasaT4NG
4
XRP DAILY HUNGRY FOR GAIN$ COOKING UP A GOLDEN CROSS XRP Daily Chart Looking full of steam and ready to rise. Bullish crossover on Stochatic RSI from oversold conditions. 50 day moving average approaching 200 day, it has already crossed the 100 day. Breakout above 1.0 Fib. If we can establish support here we should attempt to test the 1.618 Fib around 0.365. Timeframe could potentially be about same time DTCC goes live (Feb 24th). This would also align with the top of the pitchfork offering the possibility of a breakout. If You Enjoy My Content Please Comment & Like I Appreciate Your Insight & Interest. My Personal Speculation & Opinion Not Financial Advice. Link To Same Chart On 1 HR Timeframe
COINBASE:XRPUSD
by MitchMilli
#BitCoin Update for 02.17.2020We have seen a little pullback in the chart of Bitcoin on Coinbase, It has started to test the 9 EMA in yellow and the 18 EMA in blue... On the hourly chart, it should cross soon that is going to give us the 1st golden cross since Friday... But the BB is quite tight, so that is telling me there is a bigger move that will come soon, lets all hope it's to the upside... Going to the 4h chart, and looking at the MACD it's going to have a golden cross soon, with the hourly chart going to have a golden cross... I can see it soon re-testing the yellow line in the $10100 zone and I hope it brakes it and go up from there... Out on the daily, the MACD is still looking like it wants to head down even more, but that's ok with the hodlers and like me the miners... It's just a better place to get that BTC... With the 9 EMA in yellow and the 18 EMA in blue... It doesn't look so good, it may go and give us a death cross... I have seen a video from "Benjamin Cowen "He gives a different view on the crypto markets"" on youtube, that golden crossing may give a big red day... But the market should continue going up like it was before the crossing... Have we seen that big red day? On this chart, the blue line is the VWAP-Anch it did start on 01.01.2020 at 00:00:01 AM UTC... So far this year has been good to us, but I can see it re-test it again this year... Because we are so far above it, I can see it coming back down to it and maybe have a day or two under it just like it did in early January... In this chart, I am using the blue VWAP-Anch like last time, but the white line is the VWAP-Anch from all-time high on Coinbase and the yellow line is from about the bottom of the market from the top of it... I'm loving this chart so far this year, look at the price and the 2020 VWAP-Anch it's over the other two... I can't say how high this market will go, but I can see Bitcoin making some big moves soon... I'm looking to the upside... Going out on the monthly chart and using the Ichimoku cloud the price of Bitcoin is trying to get above the clouds... Will it get there and will it stay? But I think this pullback is a good thing, it would be nice to see a mooning Bitcoin price... But the aftermath would not be so good, look back since the top two years ago, I don't want to see a falling price in Bitcoin for the next 2-3 years and don't forget all the people saying Bitcoin is dead... We want time for people to see the charts and get acquainted with the technology and what it can do for all of us...
COINBASE:BTCUSD
by ADHDing_
GoDaddy Support LevelsGoDaddy - We have seen the Golden Cross on the Daily, the MA 50 moves over the MA 100, a sign of a bullish market again. This happened early January, so we expect a bullish return. This can be tested soon, as Crosses tend to have a second interaction after first crossover. Overall since 2017, we have a Bullish Symmetrical Pennant, which will be a continuation pattern of the Bullish Market we have seen. This may not come into play for a long time, for now, we see consolidation. Current SHORT TERM upward channel has reversed and the first Fib Retracement line of 50% is being tested. If this breaks, the next level down will be short term level of 61.8% (around $65-$66), and last chance for short term bullish continuation. If this line breaks, we have a long term 38.2% still in play, this bullish pattern reversed and bounced off the 50% line. This remains a bullish channel, and can be seen as the very first consolidation for a much larger pattern. When you look at Earnings, this company has started to outperform several quarters a year. Analysts prices remain around $88 for a 12 month period. We could easily see a drop down to $65.50 or even down as low as $63. However, if bounces off this 50% or 61.8% line with LOTS of volume, be ready for a rally up to $70-$74 - even up to $77.
NYSE:GDDYLong
by Shwayze
1
More down-time to come but big things aheadshort insight here. As you can see, our previous bottom before dropping to 3k at the end of 2018 has become our triple bottom and the uptrend has now carried through. We have moved equal volume as the run up in July 2019 and our 50MA is is looking to get with that 200MA to make sweet love. I believe we will fall to 8.2 - 8.3 k to find our support levels from Sept/Oct 2019, and that may be when we see a golden cross form, which will carry us to 10K. Anything after that is not worth speculation, I dont believe we have much game in 10K yet, and anything moving back up that high will just for a 3rd top on a very large time frame. Remember, look at the bigger picture. (Get off the minute charts, ya clowns.) Cheers, -Money
by BingoMoney
MATIC/BTC Golden CrossIt's hard pressed to find a coin or token that can see possible gains in this current market, but the MATIC/BTC chart seems to stand out. Firstly we see a golden cross that took place on Nov 21st, where the 50EMA crossed above the 200EMA. We also see that the 100EMA seems to possibly want to cross above the 200EMA as well. Generally when Daily EMAs cross above each other we see Algo Bots buy, giving positive momentum for traders and hodlers. Secondly we see that other daily indicators verify bullish momentum, the MACD shows buying pressure and the RSI shows bulls in control. Now in the short term a pull back is always a possibility which would present as a buying opportunity, this can be offered if BTC pulls back "crashes" again, or if the resistance levels is to strong. Currently BTC is moving sideways which allows for alts to recover/rise though our resistance at 196ish sats seems a little strong. We could see MATIC bounce between 165-196ish until the market improves. Fundamentally the MATIC project has a lot going for it, we have a main net coming soon and many projects already experimenting with using the technology. In my opinion with MATIC being a Binance IEO and Coinbase investment it makes me think that the big players in this space see MATIC as one of the best if not the best scaling solution for Ethereum. If MATIC can break 196 sats then we may see a move to 213 and then possibly to 251 sats in the short to medium term. I really find the consolidation on this chart to indicate accumulation which is very healthy. Not financial advice but I have out lined key resistance and supports on this chart shown as yellow lines that can be followed to the right of the chart for the exact satoshi value. I always use a stop lose in this type of market because if BTC continues his decent to 6k he will bring the market with him. This play is more inclined to provide satoshi gains than USD unless BTC can consolidate and push upward in which it could possibly be both Sats and USD gains. Personally I hold a good amount of MATIC which I will never sell because I see the ecosystem growing and I want to be part of it.
MLong
by Tachycardia
EURJPY Likely to Decline towards 119.00 After Support Break!Hello Viewers, this is an instant trade signal! Therefore, please have a look at the main chart for the following vital trade details: • ENTRY POINT • STOP LOSS • TAKE PROFIT • RISK TO REWARD The setup may look simple but I can assure you it is NOT. There are various in depth technical and fundamental analysis incorporated behind the execution. I would very much love to explain these two aspects here but doing that would consume ample amount of time which could affect the appropriate entry point behind this trade! So, to keep it simple the main chart just displays the simplified technical view of this trade. My way of performing technical analysis basically starts by breaking down the monthly Timeframe down until the One Hour charts. The following are the aspects I focus most on when performing technical analysis: • Draw Support & Resistance through key common psychological levels on M & W Charts. This helps me to see where the price might stall or breakout. • Draw Trendlines to determine the dynamic support and resistance levels present on the charts. This helps me to determine where the price might stall and most importantly help determine the path of least resistance behind the active trade. • I also tend to use EMA 50 on all the Timeframes. This EMA 50 is proficiently proven to act as dynamic support and resistance and is vital behind all my analysis. • Lastly, I tend to use classic pivot levels to determine my entry, stop loss and take profit levels. The combination of this and all of the above helps me determine the precise and likely trade targets behind the setup. Another aspect of my way of analysis is reading a lot of news to determine the fundamental aspects affecting any trade. After the technical analysis is performed, I tend to match if the fundamental aspect really supports my technical analysis. Therefore, as you could see, putting all my thoughts here would surely take up a lot of time which could make the price drift away from the entry price thus affecting the Risk to reward ratio. I understand it is vital for many of you to know the details behind this trade setup, and so if you are interested you could send me message and I will try to share most of what I can! The Above words are just template I use in all my trades. Shall there be any updates I will provide them here. Thank you
Short
by FX618Analysis
1
Here's your 2019 Death Cross close point 5:00 p.m. October 29th Break out above 9500 or below 9000 Stop loss At 9000 or 9500 Retest heavy resistance at 9800, if confirmed = short entry This is March 1, 2018. We broke downward of the 200 DMA. Then MACD coming hot and fast back up to 0 breaking above the 200 DMA with it. RSI setting a new lower high after a new lower low which came after the three over bought peaks matching movements with the MACD. These key points are happening here again but on a shorter time span. Differences here, 2018 this lead up to the death cross, and 2019 the death cross is now. point 1 Nov 15 BTC 8300 Upward trend from the last 6 months Upward trending support starting from April 1 and tested the 200 DMA on Apr 25. A false break down of this trend on Oct 23. Giving the weekly MACD time to consolidate to zero and a good setup to test point 3 point 2 Thankgiving BTC 8800 200 DMA Where the previous stated uptrend meets it's top to it's triangle at a closing point of 8800 the week of thanksgiving, The 200 DMA should cross through this point. point 3 Thanksgiving BTC 10600 THE SHORT The point where this whole thing comes together from the weekly. This point at Thanksgiving would be the key factor deciding which trend we follow, possible challenge to cross back north of 200 DMA, mostly bearish based on the weekly MACD and if the stochastic RSI recharges to half. Grab you short here, maybe the last high before another year of consolidation. point 4 6 Months after point 3 BTC 6700 THE CLOSE Give the weekly MACD 6-10 months to consolidate, go under, and find our bottom supports, meeting up with the 200 WMA around 6700, then the next wave should begin to the 9-10k mark and consolidation again. Call me again in 2021 when we have another rally past 20k
KRAKEN:BTCUSDShort
by SHITSHILLER