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BTCUSD - Trend-reversal Today. Price Technical Analysis #70Market in last 24 hrs - BTCUSD price moved almost 9% between between $9,270 and $10,080 - Price at time of publishing: $9,990 - Price crossed important resistance level of $10,000 - BTC’s market cap: $182 Billion Today’s Trend analysis Price should trend downward today. Oscillators are neutral but compared to yesterday many have now flipped to indicate a downward trend. MACD is above 0 but RSI and CCI are in over bought zone, indicating that downward momentum has gained strength and a trend reversal is possible. Another interesting point to notice is the affect of Halving-Hype and the impact of the same on BTC and other Crypto tokens. We are observing an increased trade volume and price volatility . - Downwards today - ‘Oscillator‘ indicators are mostly neutral. RSI is at 71.5 - ‘Moving average‘ indicators indicating buying opportunity. Ichimoku Cloud is neutral ---------------------------------------------------------------------------------------- The analysis is based on signals from 28 technical indicators, out of which 17 are moving averages and remaining 11 are oscillators. These indicator values are calculated using 4 hr candles. DM to get details of the above analysis and list of indicator & their values used to arrive at the above conclusion. Note: Above analysis would hold true if we do not encounter sudden jump in trade volume . ---------------------------------------------------------------------------------------- If you find the analysis useful, please like and share our ideas with the community! - Mudrex
COINBASE:BTCUSDShort
by Mudrex
4
The Main three categories and directions of TrendTrend is the direction of the market. In other words, it is the direction of peaks and troughs that constitutes market trend as the market generally move in successive waves (zigzags) with fairly obvious peaks and troughs. The market moves in three directions: 1. Upward trend or uptrend (bullish) – Series of successively higher peaks and troughs – “go long” 2. Downward trend or downtrend (bearish) – Series of successively lower peaks and troughs – “go short” 3. Sideways trend (trendless) – Series of Horizontal peaks and troughs – (a third of the time the market moves is flat/horizontal) – “stand aside” Major Trend – Anything over 6 months – Dow considered years Intermediate Trend – It is a correction in the Major Trend - Three weeks to three months as per Dow’s Near term Trend – It is a correction of the Intermediate Trend - Less than 2 or 3 weeks as per Dow’s
COMEX:GC1!Education
by Mauriello
USDCHF - 1D AnalysisThe price has reached the resistance channel and looks like it is stuck on the horizontal resistance line, the last candle formation is a bearish spinning top. The price movement that is stuck on the resistance line and the spinning top candle can be an early sign of a reversal, but it still needs further confirmation. There is still a possibility of the price moving up to test the next horizontal resistance level, seeing the strong bullish movement. For those who feel conservative to be more careful.
by daltray
2
Bitcoin Capitulating Again ?!!?!?!I am not a fan of moving average because it can be easily influenced by large price movements and in a volatile market it isn't so useful. However they can tell us something about the past. At the moment the moving average is saying that the market is moving up on average but with a huge sell much below the high. This is a dramatic situation. The market is moving up without any support price. Of course the events influence the BTC price and so they did recently. Anyway the events aren't good to be taken into account when commenting a trend. They must be removed. If we remove those events that caused a huge sell we can clearly see (red line) a downward trend. What is the bottom of this downward trend? Hard to say. However I would recommend that you watch the blue line 6.200 support level. I believe this is the bottom of this downward trend. Of course you can do your own research and try to figure out what is good to you...but to me one thing is sure, cheap BTC are coming soon. Don't waste your money in this bloodbath. This is not an investment advice, invest only what you can afford to lose and remember that your life goes beyond Bitcoin... Enjoy your weekend.
BITFINEX:BTCUSD
by RobRobin
per senior lodensteins request I've added the downward channelSenior Lodenstein politely mentioned that my falling wedge should be a downward channel instead...and while I was aware of the downward channel I hadn't bothered charting it yet because I've been more focused on both the weekly falling wedge and the 1 day bull flag at the moment so Ieven though I think that both the falling wedge and the descending channel are both going to be validated I decided to humor him and put it on my chart....even though I knew the channel was there I didn't realize that not only was this a downward channel but it is actually also a massive bull flag on the monthly chart...in fact the breakout target for this monthly bull flag is over 19k as long as we trigger its breakout no later than the beginning of December...so thank you Senior lodenstein for suggesting I focus more on the channel...I had no idea that channel was a massive monthly chart bull flag until I took a look. One thing about downward channels to is they have a very high probability of breaking upward instead of down so as long as we can break up from the current 1 day bull flag retesting the ATH by December 15th is still very much a possibility.
BITFINEX:BTCUSDLong
by DrDovetail
3
Cipla moving in Up channel in Daily chart at Break / Make LevelHi Traders, Cipla Moving in Upward channel in daily chart can go: 1) Long on breakout from Upward channel & imp resistance around 484 Level. (See chart) 2) Short on breakdown from Upward channel till target at imp support around 400 Level & moved back to downward channel. (See chart) So Cipla at make or break level with moving in upward channel & imp resistance at around at 484 level (See chart) What indicator are suggesting: 1) RSI moved above 50 (Bullish) & making higher bottom . (See chart) 2) MACD which is momentum plus trend indicator turn positive as signal line cross above zero & MACD line is above Signal line. (See chart) Quarterly Result is there on 6 Nov , coming day will decide will direction it will go breakout or breakdown from Upward channel. Happy Learning ); Disclaimer : This is post only for educational purpose . Do your analysis before taking position or trading.
NSE:CIPLA
by karanwealthape
BITCOIN price in Downward ChannelDirection: Short Reasons for open position: - Price in downward channel - Mirror level is 10500 $ - Price bounced of mirror level - Priority Down The information provided is not financial advice, always do your own research. Guys, if you like the idea please put like button and if you have your own ideas you can share it in comments, I would like to see it. Also, if you have questions you can ask me them in comments! Please no need to write them in PM, ask in comments!!! Thank you very much for your support!
BITFINEX:BTCUSDShort
by UnknownUnicorn2760874
42