3 DAYS EMA100/200I have already mentioned that EMA100/200 cross
on a large timeframe is a more stubborn thing than the same MA 50/200.
It's been a very long time since I posted a TOTAL2.
We have 4 crosses in history on this t.f.
1. Golden received in March 2016. The cycle to the next cross lasted 1030 days.
2. Death cross received in January 2019, the cycle to the next cross lasted 554 days.
3. Another golden cross in July 2020. And almost 800 days to the next red point.
4. Death cross received in September 2022. It's just been 152 days.
I have to tell myself something about why all of a sudden
a new golden cross should be received during the spring?
I'll just open a beer for now.
EMAS
BTC/USDBTC has 21 MEMA (monthly 21 ema) strong resistence.
In 2015 we saw a double bottom after hitting 21 MEMA.
In 2019 after short resistence we saw a pump and a year later a double bottom for retest.
I keep an eye to inflation, unemployment rate and also dry powder for lower levels and black swans.
DCA at lower price level seems to be still a good strategy for accumulation.
The bull market is not confirmed according to charts but clearly the markets are not so bearish right now.
Of course the price will do whatever it wants and it's hard to predict what will happen exactly.
A trifling observation.Is it possible to provide an indication that pre-empts the classic "death cross"?
Traders use different systems to judge the market outlook on patterns, as well as an important indication for them.
It is perfectly normal that someone can be wrong, and someone will be lucky to read the market correctly.
This post is about anticipatory indication and prejudice. If you open the articles on moving averages,
you can read that the exponential Moving averages (EMAs) are preferable on low timeframes up to a minute chart,
but they are not but it's recommended for the weekly chart.
Whereas it is recommended to use SMAs on longer timeframes.
OK, I thought. But why? Who has checked it? A price is a price, in itself it only says that someone has offered an asset
at a certain price, and someone bought at that price. But the market trend requires more confirmation of transactions through volumes.
The price alone cannot tell you what the market has decided. And that is why I made this comparison. MA 50/200 (white and blue line)
versus EMA 50/200 (orange and purple) + VFI LF (volume flow indicator).
Hypothesis:
EMAs are valid for 1 week timeframe, the exponent is not suitable for this timeframe is a preconception.
MA lags in indicating the signal, but you need to know the trend of the volume, for which you need an indicator like VFI LF.
In the case of unidirectional signals EMA 50/200 and VFI LF you can make a deal without waiting for the signal MA 50/200.
Assertion:
Bitcoin is in a bear market and no reversal has occurred.
The bounce at the beginning of the year was intended to test crossed possible area of the weekly SMA moving averages.
But because of death cross on EMAs already on the 9th of January, it also puts selling pressure.
And here the Volume Flow Indication is an important aid.
See, the VFI has two pale lines besides the volume flow line itself,
it's a fast and slow MA of volume (but it's MA of volume, not of price!),
and on these lines you can also see golden and death crosses.
Look closely, in the history of Bitstamp trading (the longest trading history of Bitcoin)
there have been exactly 3 such crosses by volume indication on weekly chart.
Two bearish and one bullish.
The last bearish cross on the MA of volume flow occurred about a month before the cross at EMA 50/200 price.
December 12...
As a result:
Two bearish pre-emptive signals versus one classic "textbook" one.
My bet is that there will not be a upbounce.
There will be an 85% retracement level from the peak and a consolidation at the bottom.
Waiting for a reality check in this race.
My bet is that we are in a bear market.
Moving Average Free Options MethodSimple to use on the 15 minute to Daily chart. When the Emas cross with green on the top buy calls within $2 strike. When cross with red on the top buy puts within $2 strike. Bottom Mac'd Ema difference should also be same color as top Ema. Green/Green or Red/Red. Any light blue line Ema or Sma can be support or resistance so be prepared to sell. Buy time never buy contracts that expire that day. Greeks will burn you. Support and resistance are the green and red stripes across the chart(also sell or buy points. Ideally enter on the 5 minute chart then switch to the 15 minute or half hour chart to eliminate noise. Happy trading.
EURNZDEURNZD - A break to either direction
Pennant/ Inverse Cup & Handle / Bear flag - Whatever is on your trade plan...
It's a break above Highs of: 1.70115 It would take you towards 1.70725
A break below the lows of: 1.69170 it would take you towards 1.68560
Ideally wait for the break for further confluence. However, be sure to stick to your own trade plan.
Trade Journal
Todays signals
There are few stocks showing "buy" signals . I'll avoid Adani stocks as the volatility is very high in those counters. I'll go for shorting HeroMotocorp if market shows some weakness. If market is in green then i'll go for stocks showing buy signals.
These signals are generated on Daily data against EMA 200 and Supertrend cross.
TSLA Opened above previous candle so I took a bullish tradeI moved my stop accordingly, the stock closed above the high from the previous candle, Got in at 10EMA bear candle closed above so i went long. I gave it the ‘newsome nudge’ after price almost hit my target but was not ‘paytient’ enough to have my holding muscle long enough. Glad i was green for the day :+1::skin-tone-4:.
2.57R:money_mouth_face: for the day.(‘if i held long enough’ i would have been up more). But I'm glad I my analysis was correct! The goal is to win more than you lose.
Preference for EMA`s over standard MA`s.Hi.
Another comment on signal compatibility.
In EMA crossing a true death cross should be considered the crossing of EMA100/EMA200.
This is usually always dangerous.
Since the model situation I want to discuss is now occurring on the daily DXY, let us take it.
1. So there is a fresh death cross printed on January 6.
2. There is no crossing of EMA100/EMA200 now.
3. The candles came out from under diagonal resistance
(what about the fact that the rate hike was already built into the conditions by the market?! lol).
But how do I know if the momentum is depleted?
The index has no volume...
With volatility outlook.
4. SQZMOM_LB shows a daily divergence and a squeeze entry before jumping up. Further rise in DXY will be supported by expansion momentum.
5. So I have some confusion about the death cross indication and its possible consequences...
If there is no support in the form of right away falling volatility for example...
That is why I am looking at other crosses.
6. It turns out that if I short DXY anyway more important indication would be EMA20 and EMA 50 (red and orange).
Since the move should be taken as early as possible and not wait for "iron" confirmations.
But it turns out that MA cross is too late for a short, and not convincing enough for a
continuation of the short at the moment when the cross finally happened...
7. In this case I think we're in for a ~108 level attack, which will prevent a cross at EMA100/200.
$FTM - could give us a SHORT opportunityHello my Fellow TraderZ,
$FTM in a recent uptrend literally ripped up the Shorters. But here could be an opportunity ONLY if we lose the Support of Line & the EMA 50 on 4 HTF.
Will see some strong retracement in downward around 15-20%. It could retrace more up to $0.32-$0.35, but will see that if #BTC starts behaving like a Bad Boy.
Get ready, observe the conditions, wait for Lower Low and just Hammer in CAPO style.
CHEERS!!!
$CRV - stucked in a rangeHello my Fellow TraderZ,
This is beautiful to see $CRV is ranging within a Range. If breaks above, it will blast to $1.42-1.55.
Currently, this is holding 200 Daily EMA which is quite good sign. If this comes down to the bottom of the range which also can be good area to LONG. But stay a bit #SAFU with tight SL if range breaks down.
CHEERS!!!
Consider the Long-Term ChartI'm not going to call if the bottom is in or "not so fast" but just want to point out that we may only be halfway through a significant long-term downturn. It's concerning to me that RSI has broken significantly below 50 for the first time since the market recovered from the lows in early 2009. It's also concerning that price looks like it wants to retest the 50-mo. EMA after seemingly finding support a couple months ago. There's still considerable downside risk to the 200-mo. EMA where it has found long-term support in the past and it also happens to currently line up with a double bottom with the covid panic low from early 2020. Will it go down to the 200-mo EMA now? I'm not sure, I'm just saying that it could and you need to be prepared for that. I do know that if it continues to drop it would be a blood bath down at those levels and also a great long-term buying opportunity in my opinion (it could find support above, at or below the 200-mo EMA and an interesting level would be the top from the tech bubble around 2000 which lines up with a period of sideways consolidation from 2015-2016.
Wipro Bullish in 1 DTF!#The Pattern is a simple Support and Resistance
Points to Look:
1.The Channel Pattern is slanted downwards, this pattern has a high success rate!
2.Inside the pattern the recent trend is Bullish(Higher Lowes formation)
3.There is 'W' shape pull visible(23 Dec to Jan 6 touch points) in the trend which is also a good bullish sign.
4.Despite all this wait for a confirmation candle tomorrow and then take the position.
5.The Stoploss is minimal which can be kept below the upper trend line also shown in chart.
$Happy Trading Mates$
TINPLATE S&R in 1 DTF!!!***Simple Support & Resistance Pattern!
Note: Only enter after crossing the Blue Line is my suggestion to all, happy trading mates.
XRPhilharmonics and the Crypto Symphony OrchestraSeriously tho, LOOK at that harmonic!
Would have been nice to bag one final TP at the 200 ema buut we had some nice profs and DCA'd into a decent short hedge close to the top of this last wick. See how we do eh?
Some fundamentals here :
1. SEC v. Ripple could be larger than I'd anticipated even though the shifty regulator supposedly only has jurisdiction over US, so . .
with that being said, the issues relating to regulatory clarity should bring high volatility before AND after any kind of adjudication.
2. Large volumes of XRP continue to shift and fundamentally, the ecosystem / XRPL has no shortage of development activity and
the projects that rely on XRPL just continue to expand. I'm a Python guy and have been using XRPL to better understand what's
under the hood. I've looked into many other projects including Stellar (XLM), Thorchain, et. al. and by far and wide, XRPL seems to
be the most impressive. I know you ETH guys might chirp about that but I've mucked about with Solidity, smart contracts, etc. but
truth be told, I've never liked having to deal with ERC-20's, too spendy, slow and labor intensive for my liking. XRP = fast,
cheap and easy, the way we like em ;)
3. FTX lawyers got green light to liquidate holdings in order to get square with their creditors. Crypto ALWAYS pumps ahead of a mass
distribution event and I don't trust this most recent market pump. It just "feels" dirty.
Getting back to the technicals, any other Fibonacci fan can tell you to follow the retracements but I'm a fork guy as well, love the Schiff's
so looking at the most recent price action, I'd be looking to re-accumulate at lower levels if that big massive Harmonic elephant in the tub
starts to really move.
We've got our long cold bags and added some on that last 0.33's range but don't be surprised if we head back to the garage days (sub 0.20)
and see some big buying ops down there in the basement. Hedge your bets and don't be afraid to lock value on your longs with a few shorts.
Enjoy the fireworks and as always, not investment advice.
Box out . .
Bitcoin Bottom Comparison Food for thought - when BTC bottomed in 2019 it gave next to no pullbacks for traders to get involved.
Shallow retracements, reclaiming the ema's and pushing higher with tight bullish consolidation.
Just keep the possibility open in your mind - that if we have seen our potential bottom at this point, it could move fast and leave many sidelined.
Don't fall into absolutes, keep an open mind.
Cheers
US Dollah, WTFork Mate?No fundamentals at all, just a look back to 2020 and where we might be headed near term.
I know the PPT will do what it does but I'm eyeballin' the convergence of some really low hanging fruit metrics
- EMA
- Fib eyeball retrace from long term lows
- fork action long term
- long term Cup & Handle post breakout
Just DCA my dudes and avoid an "all-in" on this maybe.
GL!
* * * not investment advice * * *
XRP | Unlocking the Secret Bonus LevelWelcome XRP friends! Wondering where we're going? Here are some things to consider :
As we come out of our US Thanksgiving Day food comas, we're looking at some decent gains on the most recent run BUT, you're asking if this is it? Honestly, I think it still has legs for the 0.45 area where we find resistance at the 200 EMA
Look at the fork and see if it makes sense to go there, I think the Fibonacci's all suggest it's possible.
Remember, XRP ALWAYS pumps before mad dumps and there's still a ton of overhead selling pressure if you look at the VPFR, Look at all the volume that went into the 0.50+ range before the most recent selloff.
Check out recent statements by Ripple CTO regarding ETH looking more and more centralized as a result of much of the network relying on AWS servers. What a comedy show and Vitalik looks more tarded with each passing day.
Bitty is also having plenty of negative light being cast, I can't see us NOT having more down.
Anyway, see you at the bottom . . eventually
EMA death cross on weekly BTCUSDIt appears that the EMA50 has never passed, never mind even touched the EMA200 on the weekly charts since time began(2011 on bitstamp ), a weekly death cross.
This could explain the recent uptick in buy volume , the 50 bouncing off the 200 .
If we continue up, the actualy EMA200 is sitting at $25k , or next step up to the volume hole at $27,200k -can we get that high before we go sub 10k?
EURAUD a SellOn the 1hr chart, EURAUD has given 3 patterns in 1. An overall double top at the 800ema resistance, with the first leg being a head and shoulders formation, and the second leg is a double top. Both at 800ema resistance. If you flip over to the 4hr chart you will see a perfect double top at resistance. Thank me later
US100 a buyUS100 is setting up for a buy, if the current 1hr stick end in a strong bullish stick, we should see more moves upwards. Price has broken the 800 ema reistance, closed above it, retested it as a support, with the current stick determining the direction.
EURSGD - W patternHello traders! We can spot a similar formation on EURSGD as on EURJPY, about which I discussed in my previous post, and which has already reached the take profit. EURSGD also seems to create a strong impulse downwards, completing to the neckline the W that was formed on the daily timeframe . We can see that the MACD is below 0 and EMAs are crossed, showing us a bearish environment. From here, there is a high probability of reaching the neckline of the daily W, going to at least at 1.425
OANDA:EURSGD FOREXCOM:EURSGD
EURJPY - W patternHello guys! EURJPY seems to create a strong impulse downwards, completing to the neckline the W that was formed on the daily timeframe. We can see that the MACD is below 0 and EMAs are crossed, showing us a bearish environment. From here, there is a high probability of reaching the neckline of the daily W, going to at least at 140.8.
FX:EURJPY OANDA:EURJPY