Why BTC could hit 9.6-10k before a correctionBTCUSD continues to climb and plenty of weak hands have been taking profits prematurely and missing out when it continues to pump. They fail to see how we could raise 78% from the point of our golden cross before any serious correction which is around 9.6k. That's because they aren't looking at the fact that btcusd did exactly that at the beginning of the previous bull market, or that litecoin did just hat just a little over a month ago after its golden cross. In both scenarios it rose 78% without correcting and then once the correction hit they dipped 31 and 41 percent. If we were to dip 31 percent off this bull run after reaching 9.6k it would put us around the dreaded 6,666 number crypto loves to gravitate towards. Now that longs on btc are finally starting to slightly outnumber the amount of shorts it tells us a correction is definitely on the not so distant horizon and to remain vigilant.
Golden-cross
can weekly 50MA flip to support? Crucial to avoid a correction.must keep a very close eye on this weekly 50ma we are now above...it can easily still get rejected and even though we are above it at the moment until we sustain it as solidified support it has great potential to ultimately reject priceaction and send us back down for what will likely be higher low...how far down that will be is hard to say but it can drop quite a bit and sill become a higher low after all the bullish priceaction we've had the past couple months. Be cautious and wait until you see the 50 week solidify as consistent support before putting the bull blinders on. Either way we can tell the bull market is very near.
Golden Cross on ETH daily USD chart = bullishSeeing a golden cross on the daily ETH USD chart should be a long term bullish signal, meaning that for the next several months prices should move higher on average for ETH.
LTC experienced a golden cross several weeks ago and prices almost doubled from that point on.
Will ETH achieve the same results?
#notfinancialadvice
Are you seriously scared by this BITCOIN move?What a great and complicated chart to make some analysis on.
Let's start.
First of all: nothing to worry, yet.
We made 10 consecutive days with a single retracement, starting around 4100$ up to 5400$.
A correction here is not only healthy, it's necessary!
As you can see from the chart, we were following a well structured channel, and today we clearly broke it, with decision. This channel will probably act as resistance in the following periods.
This dump was necessary, as the RSI was definetly too high in the daily (still above 70!): it's better to correct now 10% than 30% at $6000.
After this, we should consider the future: what will happen now?
There are two possible solutions.
I'm more for the bullish one.
The bullish solution is that BTC will find support in the 5000$ area (S1) and continue this uptrend in the following days. This would be great as in 14 days we will see the GOLDEN CROSS, which could make the new bull market start.
The other hypotesis is that this 5000$ support won't hold, and we will be back at 4700$. At 4700$ we won't have the Golden cross, and the market will decrease this bullish sentment..
From the pure technical side, you can spot that RSI has finally arrived in the oversold territory in H1 for the first time since the big pump. This could be a good buyin, if you consider the long trend as bullish..
We'll update this analysis during the next couple of days.
What do you think?
Let us know in the comments!
Golden cross bullish on LTCJust a snapshot of the daily LTC chart against USD and how previously golden cross and death cross proved to be strong indicators for trend changes.
If the recent golden cross provides the same result, we're in for much higher prices in the coming months.
#notfinancialadvice
BTC maintainin bullishness; golden cross now on track for 4/11I appears that the stoch rsi is finding excellent support on the strong ascending 3 year old trendline keeping momentum bullish for now and has helped to increase the northern trajectory of the 1 day 50ma(in orange) to where we currently have a golden cross on track for as early as April 11th. Of course any significant selling from now until then will likely push that expected cross date back but price action currently appears to be in a bit of and ascending triangle/bull pennant on the one day chart...so if we were to break up from that price action within the next day or 2 we could expect a golden cross even sooner. So as of now things still look quite bullish all around...the only reason to even consider a downward move that invalidates the goldencross and instead results in a fakeout is that because everything looks so obviously bullish that the exact opposite could happen to trick a majority of traders. However beyond that, everything else seems to be indicating probability is currently favoring the bulls. So while I'm prepared for either outcome my bias leans bullish. If we are to break upward from the current flag set up the next consolidation or correction zone is right around 6k but ultimately I still believe we will get pretty close to the big wedge breakout target of 7229 maybe even as high as the resistance at 7.4k if enough fomo kicks in before any sort of significant correction happens.
Possible goldencross after higherhigh-achieving bullish breakoutWe can see after the recent bullish breakout from the rising wedge we were in that BTC has finally achieved the ever elusive 1 day higher high a crucial move necessary to jumpstart the next bullmarket. We of course are eventually anticipating a higher low to follow it but we may keep forming this higher high a leg or 3 more upward before correcting downward to form the higher low...so while I anticipate we probably are more likely to continue up a leg or 3 I am leaving this idea neutral until I see a break one way or the other. Another crucial move to kick the bullmarket into gear is the 1 day golden cross. Because of the recent bullish breakout from the wedge we can now see the trajectory of the 1 day 50ma has bent very sharply north which has given us the potential for that ever important 1 day golden cross to occur by April 11th!! In fact we could just consolidate sideways in a bullflag for the next 7 days and we would likely see the goldencross occur! continuing upward would only make it occur sooner as well. Of course we could always bart back down before those seven days, or have a golden cross fakeout where the cross occurs but only lasts for 1 to 2 days before having a huge dump back down to the downside. Definitely a possibility to always anticipate. If we do end up having a sustainable solidified and confirmed 1 day golden cross then all thats left from there to fully confirm the bull market is that follow up 1 day higher low and one more 1 day higher high to follow it up. ('m already accumulating each time we trigger a new leg up in the meantime and will definitely be adding to my bags should I see a solidified golden cross confirmed.
EOS Golden CrossGolden cross just occured for EOS vs USD. If we find support at or above $4.62 (previous long-term support), we can be sure a nice rally will follow! However, it might just skip finding support around $4.62 and go straight into a small to medium parabolic move, returning to find support at another previously strong level that coincides somewhat with one of the fib levels of said parabolic move.
You know what that means! :D -> long-term bull trend swing on its way for EOS and several other crypto assets that already have or are on the verge of having a golden cross.
Golden Cross For MTLAs we can see clearly on chart, orange line (50-day Moving Average) crossed green line (200-day Moving Average), which is called "Golden Cross" in literature.
RSI Momentum seems bullish as well.
I'm expecting a nice, satisfactory bull run from $MTL.
Not an investment advice, please do your own research before investing.
SPX 50 & 200 day MA Cross Imminent - Golden CrossThe S&P 500 index will form a golden cross formation on or about March 29th, this Friday. This is a bullish indicator when the 200 day moving average crosses the 50 day average after forming a death cross previously. A death cross is the opposite of what we're seeing here, where the 50 day MA crosses under the 200 day, which is a bearish indicator.
AAPL on new Bullish Trend! (Golden cross)To identify a Golden Cross , the following usually takes place:
1. There is a downward trend is occurring but is on its last legs because interest in selling declines and eventually begins to be overpowered by stronger buying interest.
2. The emergence of a new trend . It is all about the breakout of the new trend, when the short-term average crosses from below to above the long-term average, forming the golden cross.
3*. The new bullish trend is prolonged...
On another note,
On March 25th, Apple has a big reveal for the Dongle TV (their own firestick/chromecast), a new streaming platform, and more.
I think now could be a great time to go long on AAPL.
I appreciate any feedback!
Siamese Falling Wedges & a 4 Hour Golden CrossWe can see we will likely be getting a 4hr golden cros on the 4hr chart roughly 2 hours from now on Bitstamp(shown here). A quick look on the Bitfinex chart(not shown here) shows me a 4hr golden cross has already occurred on that exchange which could be why we are already seeing 3 nice green candles in a row here.Of coure it could also be in anticipation for the golden cross as well. Other bullish elements include the current falling wedge we are in(in yellow). It is nearing its apex and we can also see that it is overlapping with another falling wedge(in white). This overlapping wedge effect I haven't seen talked about before but the term I'm coming up with for it is siamese falling wedge because they are kind of fused together. Currently the most valid of the 2 wedges I believe is the yellow wedge and it is exciting to see price action trying to break above it...unfortunately right at the top trendline of the yellow wedge we currently have the historically strong teal horizontal teal line overlapping the trendline and creating a double reinforced resistance. Ultimately the kind of patterns eventually resolve bullishly so I anticipate we will inevitably break upward here...the 4hr stochrsi ah plenty of room to go up. However, I now think the breakout target is gonna be more for the wedge than it is any kind of long poled bull flag so I don't believe we will be breaking out of the bigger wedge above it necessarily but I do believe we will at least test it and we will hopefully finally break above the 1 day charts 50 ma for a bit which has been incredibly powerful resistance for a long time. Whether or not we will be able to sustain priceaction above the 1 day 50ma and flip it to solidified support I will have to wait and see how things look once we get there. For now I am at least in the immediate and semi short term long. Just my position though not financial advice by anymeans. Thanks for reading!
3 hour goldencross vs. potential h&s breakdownbull signal vs. bear signal on btc right now...because of that this idea will be listed as neutral. We can see we have the bullish case of a 3hour golden cross that has just occured...usually leads to a bullish outcome and we can also see the 3hr stochrsi has been skimming the bottom range for awhile which means there's more momentum available to go up than down. his is also the case on the 4hr stochrsi as well (not shown here). As for the bearish side of things we have a potential head and shoulder breakdown being threatened...however the volume on the candles below the neckline thus far has not been the type you would typically see with a legitimate breakdown suggesting it could be a fakeout...also the entire h&s volume profile from the left shoulder to the right is kind of suspect as well. I'm still anticipating a fakeout but if it does breakdown the target is right around the 3hour 200ma so I'm guessing we could easily bounce right back up odd that zone if a breakdown does occur. Of course, just above the bull flag we have been in we have once again met extremely strong resistance from the 1 day 50ma and the top trendline of the falling wedge we've been trapped in for awhile. So it wouldn't surprise me if the price action decided to continue back downward and retest the weekly 200ma. As always its wise to be patient and wait for a surge in volume confirming the break one way or the other before making a decision.
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!
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.
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.
Will XRPUSD achieve the golden cross or just a fakeout?This is currently as close as we've seen a potential golden cross on the xrpusd chart. The question now is whether or not it will actually be sustainable or a fakeout. The next candle the 50ma will filter out is a red one but the next candle the 200ma will filter out is a red one that is twice as long...so It's still currently rather hard to say whether or not they will cross or bounce off and repell eachother instead. I've hodling this whole time and will continue to do so,unless I see a clear rejection but also a dip in the xrpbtc pair as well.