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EMAS

USDCAD- 07/08/2020 "The EMAs Trading System"Hello Traders, I expect the price to push to the support price level or with more correct words I expect the price to push to the red Ema. Nevertheless, the EMAs generally created by the price so its not likely the price to reach the red ema so quickly, but you get my tutorial that I want to do through this picture. The charts illustrates what you can see, different approaches are welcome. It doesn't really matter. It's different a trader who executes consistently profitable trades between the trader who do a forecast. I appreciate the feedback and the reason who I write all these, are for see opinions about who agree and who disagree. Thank You.
Education
by IVpartners
BTCUSD - Update at 5960$, what I expectAs mentioned on the related idea, it's a good time to stay on the sideline, as the overall situation and overall markets are quite unpredictable. We absolutely need to hold the current level of 5900$ (not close below it in the hourly chart). I know the timeframe is low. We are in a pretty ugly wedge-situation IMO. If we are lucky, we may have the chance to get a pump to 7700-7900$ in the next 72 hours just to fail in a wedge and some important emas in the next three days. If we are capable to hold short-term momentum, I would probably try to short the market at the mentioned region. Not financial advise. Happy trading!
BITMEX:BTCUSD.P
by Thierry88
7
BTC DEATH Cross for Fib EMA 89/233Noticeably the 89 EMA has crossed under the 233 EMA. Last time this happened in 2018, we saw decline and some significant bounces in those 5 months along the way to capitulation toward $3K. What worries me more about today is that all of those EMA's are converging quickly in a momentum swing downward with what appears a much higher pitch than before. In essence, if the lower channel TL at 6100 does not hold, BRACE for impact toward the 2015 TL at $4500. There is also notably what appears to be an adam and eve top pattern between the 20K high and 13K retracement. This alone has a potential to trigger serious downward pressure. Let's see where all this leads to in 6 months, shall we! NOTE: Not trading or investment advice. Entertainment ONLY!
COINBASE:BTCUSD
by tantamount
Monday big move projectedSo the double bottom played out last night at 7023 being a clear line of major support . The only TA that is being presented the hourly is the somewhat downtrend heading towards 7023, which we havnt broke out, yet besides last night going back to the 128 ema and getting rejected again. If the short term downtrend remains true, I expect a massive move around monday or before, since that downtrend line ends mid tueday. Again no recommend leverage trading at these prices and if we break the 7k, not buying till 6500. No TA till monday night.
COINBASE:BTCUSDLong
by nathanielx9
BTCUSD Inverse Head and Shoulders!| Staunched Resistance!Hello Traders! Quick update on bitcoin, we have a potential inverse head and shoulders coming to fruition, Bitcoin needs to break its neckline which is a staunched resistance. Points to consider, - Clear resistance/ neck line - Stochastics projected upwards - RSI in upper region - EMA’s yet to meet price - Volume increasing The inverse head and shoulders formation is a bullish pattern, which is confirmed by a break of its neck line. Bitcoin right now has a stanched neckline/ resistant level that has been tested 5 times. The stochastics right now is projected upwards, can trade in this area for an extended period of time. RSI is also in upper region but has not officially entered into overbought territory. The EMA’s are yet to meet price, it needs to hold Bitcoin support when it approaches the resistance level. Bull volume has been increasing, which is healthy in this pattern, it needs to sustain in order to successfully break resistance… The technical target of this inverse head and shoulders is approximately at $8180 mark. What are your thoughts on these recent developments? Please leave a like and comment! :)
BYBIT:BTCUSD.PLong
by The_Alchemist_Trader_