Cross
GBPUSD 'Death Cross' at area of consolidationHey there. This is my first published idea. GBPUSD in an area of consolidation forming a nice triangle. The 50 day SMA has just broken through the 200 day SMA, which is often known as a 'death cross', which can be a good signal of a bear market.
I'll be watching here waiting for a potential breakout.
Happy trading.
Chris
Augur behaving as expected after 1 day golden cross.My last idea on augur I posted I said it would continue its bullish climb if it could achieve the 1 day golden cross on the repbtc 1day chart and we are now seeing exactly that in the price action. This will most likely also lead to a golden cross before too long on the repusd chart as well. If we can sustaina golden cross on the USD pairs 1 day chart it's only gonna get exponentially better.
Augur wins most bullish chart of the day. WIll continue.Augur started its bull impulse after breaking up out of an inverted head and shoulder pattern it then went well above the projected breakout target and it was at that moment you could tell it was going to at least aim for a cup and handle or a higher high. It has achieved that higher high and not only that the enxt high to reach is a considerable rung above here...I didn't have time today to buy into the initial bull breaks on augur bu am planning on buying in if it can maintain and solidify support right at the first horizontal teal trendline. If It can, I am confident we can see a golden cross on the daily for Augur as you can see it's already fairly close an this current bullish action ahs likely sealed the deal for the golden cross. If this happens expect augur to continue to go up even if btc goes down...the next target to watch for is the next horizontal teal line above this....if the golden cross occurs...I'm anticipating we find resistance there only to form a cup and handle and then continue even higher. I will be watching for a retest of this first horizontal teal trendline first and foremost though...we need to solidify that as support to ensure the golden cross will occur firstly. If so I am definitely bullish on Augur in the enar future. It is of course currently one of the most utilized erc20 tokens after all. Of course this is my own personal opinion and not meant to be financial advice. Best of luck and thanks for reading!
XBTUSD: 4hr Mex Chart. What's next?Been watching this previous block for retests the past couple days, and successfully caught longs and flipped short, now without an open position, watching these light blue levels for new orders. Only the Crypto Gods know what's next, but I'm ready to capitalize either way.
Tron's the most bullish lookin chart in crypto at the moment.The 1 day golden cross is inevitable the bullish breakout of the bull flag seems inevitable too which should then also make the cup and handle breakout occur as well. A perfect triad of patterns all combining with a daily stoch rsi that has lots of room to fly make this an easy long. Golden cross should occur in the next 3 and a half hours. If it hits the cup and handle breakout target it can almost double it's price but once again a reminder that this is not financial advice ;) thanks for reading!
Coin 2 Watch: Tron / Golden Cross, Cup & Handle, and BullflagDespite the current bearish outlook on bitcoin we can see that tron has a lot of exciting things currently going for it on the 1 day chart on binance. It has completed a cup and is now currently working on the handle which happens to be inside a very long bull flag. We can also see what appears to be an inevitable golden cross about to occur on the tronbtc pair which should be sustainable when you factor in the other bullish patterns that are about to trigger along side that golden cross..would not surprise me one bit to see tron stay resilient and even somewhat in the green during btcs next bear move. We can see the daily stochrsi has plenty of room to go up as well. Fundamentally this could be caused by a few different factors but I think the 2 biggest are that it was added as a pair with xrp on binance and also trx was named the first binance gold label project coin. There's likely other big developments recently too but I haven't had time to dig any deeper into the fundamental side of tron. Anyways I expect it to do very well in the following weeks if this golden cross occurs and the cup and handle triggers so while this is not financial advice I do recommend you keep an eye on it and make your own decisions on whether or not to grab any for yourself. Thanks for reading.
XBTUSD 1 Hr Mex Chart: Volatility incoming•Been watching the 99 EMA on various timeframes, interesting how it seems to be a pretty well respected line for either support or resistance, particularly on lower TFs. Caught a nice short yesterday at $3840 looking at the 99 EMA and PA together.
•Also the RSI stuck below 50 is another indicator I’ve been keeping an eye on. I’m curious to see whether that RSI level being tapped repeatedly will break for a move up, or hold strong to push price further down. The tightening up of price/smaller body candles are a sign that a big move is coming soon, one way or the other. My gut says we see a quick move up to trap some bears, but not seeing any clear signs just yet.
A quick short to 3.6k or so after diamond top appears.we have been forming a diamond top on the 2hr chart. The last break upward to 4.1k was assisted by a 2hr chart golden cross, but now that same timeframe is forming a diamond top with the trendlines following the candle bodies...there is a slightly more obtuse diamond top on the 4hr chart that can be connected by wicks....if the diamond top by candle bodies is the more valid pattern we will dip to at least 3.7k and if the diamond top charted by the wicks is more valid then we may dip to 3.6k or so....3.6k would make for an excellent top of the right shoulder for our currently speculative 1 day chart inverted head and shoulder pattern.....the projected top of the right shoulder seems like it will likely coincide with a golden cross on the 4hr chart but the inverted head and shoulder is currently still a speculative pattern only but still one worth keeping an eye on.
XBTUSD: Expecting more downside, after many failing retests.Expecting to see something like this over the next few days, as we continue to see bearish retests of former support now flipped to resistance. Shorts can be dangerous here, I'm focusing on catching longs on the levels on the way down. If I'm going to short at these levels, I want to catch the top wick or nothing.
XBTUSD 4 hr Mex Chart: Looking for the big swingsSome nice bullish movement on BTC this morning, looking to catch a wick to $3563 or $3630 for a short at some point, but may have to settle for the $3492 equal highs we see here and previously. Watching how the next few hours go before I change anything. Also looking for short term long entries at $3282(again) or $3250 if demand shows up again, could be for a nice bounce. Ideally, I catch the longs, up to the shorts and all the way down to $2814 or $2610, but we shall see. Some sideways action on BTC could let the markets breathe, and we could see A lot of big oppourtunities in altcoins.
ETHUSD 4 hr Mex Chart: Looking to catch some wicksSome Bullish activity this morning, but in my opinion it's got an expiration incoming. That being said, catching a top or bottom wick on the ETHUSD pair would be even better than doing so on BTC. The extra factors of it's lower price as well as it's pairing with BTC makes the swings(and gains) that much bigger. Would love to see some of these higher levels get tapped.
S&P 500 TopI 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 am calling a top in the S&P 500 and the charts pretty much speak for themselves. What is most important to me is the death cross with the 50 & 200 day MA’s along with the 200 flattening out after a multi year trend.
I am also viewing the current range as a Wyckoff Distribution pattern. From here I would expect a breakdown of the ice line or one last dead cat bounce to retest the middle of the trading range at $2,700 - $2,725. The 50 day MA also happens to be waiting in that area and if that does get retested then it would provide a high probability short sale entry. Same goes if we get a daily close below the ice line.
When we zoom out to the weekly the picture does not get any prettier, in fact it provides very important confirmation.
We broke down the 3 year bull trend line and promptly turned it into resistance. The 22 week MA has rolled down, with the price below it, for the first time since the last presidential election. This week also just closed a bearish engulfing candle.
According to Thomas Bulkowski:
“the bearish engulfing candlestick serves as a bearish reversal in 79% of the 20,000 examples that I studied.”(1)
I have been fully out of my S&P longs for over a month and now I’m fully entered into shorts. That is due to the price closeing below the 4, 9, 50 & 200 MA’s on the daily combined with a death cross with the 50 & 200 along with a bearish crossover with the 3 & 9 MA’s. This is confirmed with the weekly closing below the 4, 8 & 22 MA’s with bearish crossovers across the board.
If you would like to learn how to use moving averages more effectively then I would strongly recommend subscribing to Tyler Jenks Hyperwave youtube channel and starting with the following video.
www.youtube.com
(1) thepatternsite.com
The S&P 500 is F*cked - Death CrossWatch out below, more pain is ahead. The S&P 500 $SPX will form a death cross tomorrow with the 50 and 200 SMA's and we're basically all fk'd. Make sure you have stop losses in place for any long positions, look for overbought futures for a short position. HOLD ON TO YOUR HATS IT'S GONNA GET BUMPY
XBTUSD 1 hr Mex Chart: Bulltrap? Stop run? Retests to watchWe are retesting this hourly block from last week IMO, the spike last night was nice, but I'm pretty far from bullish at the moment. Watching how the retests of these highs goes. I would not be at all surprised to see another stop run up to $3920 and then a rapid dump for new lows. The red line at $3550 is the make or break level if we get down there. Anything short of a big bounce off that red line(possibly with a wick that goes lower) will mean we are in for much more blood.
XBTUSD 4 hr Chart:Where will the blood end? Looking back in timeWe are currently in this current range of $3550-$4498, with more downside on the horizon looking increasingly likely. We have yet to see a violent reaction that would indicate a bottom or reversal, so looking back to lat Aug-Oct may shed some light as to where we may find that. $3k seems all but certain at this point, but as each support broken becomes resistance, I'm starting to look more towards $2600-2800 for the potential big bounce . Trade safe out there folks.