BTC REBOUND OR WILL ETH BECOME THE VHS TO BTC'S BETAMAX?So, looking at elliot waves, it seems we have just about completed the 5th wave of a downward trending cycle, so we will see a correction in the form of 3 waves (up, down, up) ... of note: watch for the Golden Cross during this correction which would indicate a trend reversal, putting us on a 5 wave bullish trending cycle and possibly the moons of Jupiter. :P What do y'all think?
I'm looking at Fisher Transform, MACD, BoP, BBands, Trade Volume, etc.. to indicate a price trend reversal imminent, pushing us at least into a bullish correction after the bear.
Goldencross
How Golden Crossover Signal Can Send Tron to $0.10Tron (TRX) flashed the golden crossover signal, which is widely considered a technical buy signal. The bullish case scenario for this cryptocurrency is also supported by the higher highs and higher lows price structure which signals that an uptrend could be developing.
Golden Crossover Signal
Most traders only learn to follow the 50 and 200 simple moving averages. However, not many traders know that the golden crossover signal can also occur when the 50-day moving average crosses above the 100-day moving average.
Since the 100 period SMA is faster than the 200 periods SMA, we can detect a shift in the general market direction much earlier.
Price Structure
TRX's price is now printing a series of higher highs followed by at least two higher lows, which signals that we're starting to move upwards.
Additionally, based on the RSI oscillator, TRX made a new high in momentum readings which confirms the bullish sentiment.
Looking forward: There is not much resistance to the upside until the $0.10 psychological number. On the flip side, we have a strong support level at $0.058. As long as we stay above this support level, TRX has the potential to reach the $0.10 milestone.
Elliott Wave Intraday Analysis: GME Is Looking HigherHello traders and investors!
Today we will talk about short-term intraday GME structure in which we see pretty nice and clean bullish setup formation, at least for a three-wave (A)-(B)-(C) rally away from the lows.
As you can see GME made sharp and impulsive rally in March that belongs to first leg (A). In Elliott wave theory, after every five waves, we can expect a three-wave pullback before a trend continuation. So, currently we are tracking an A-B-C corrective setback within wave (B) that can be slowly approaching the end, as we see it moving in final stages of wave C of (B). Ideal support in Elliott wave theory is at the former wave 4 and golden 61,8% Fibonacci retracement which comes around 125 level, so final subwave "v" of C can be still missing.
What we want to say is that we should be ready for more gains within wave (C), but ideally once current wave (B) correction fully unfolds. Of course, there's a chance for bigger or more complex wave (B) correction, but the count remains valid as long as it's above 77 invalidation level.
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Disclosure: Please be informed that information we provide is NOT a trading recommendation or investment advice. All of our work is for educational purposes only.
State of the market update. Video Includes: BTC SOL SHIB BNBIn this video I go over showing why the 45k BTC level is so important. I also explain a bit about the golden cross and death cross and how the EMAs can sometimes show us what might be coming. I go over some other Alt coins in a display to go over the rest of the market. Remember BTC is the front runner. The main attraction. The crypto leader all other coins follow. Use that information to your advantage.
Bullish momentum to continue? Hello friends, let's look at the ETH/BTC chart. ETH appears to be in a Rising Channel against BTC. The Channel Support faced a crucial test at the beginning of March as the 50 EMA crossed below the 200 EMA (Death Cross). Bullish momentum held and ETH has enjoyed a 16% bounce. Bulls gained a confidence boost in early April as the 50 EMA crossed back above the 200 EMA (Golden Cross). I'm expecting this bullishness to continue and will be looking for an entry to increase my position.
Good Luck.
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These are my personal views and not financial advice. Please do your own research before investing.
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Dogecoin: 120 days after Death CrossDeath cross is a graphical pattern in technical analysis that shows the potential for high sales and lower prices.The death cross appears in an asset or index chart when the short-term moving average, the long-term moving average breaks it and goes lower.It has been 120 days now that the 50-day EMA has broken the 200-day EMA downwards.To start a bull market, the 50-day moving average must first be bullish , and when the 50-day moving average crosses the 200-day EMA , a golden cross will occur and the price will accelerate faster.
We now see that the slope 50-day EMA has increased.If the above trend continues,the golden cross will happen soon.
SOL is struggling to break $120SOL is fighting once again the previous resistance level at ~ $120, as BTC is ranging between $46.57 and $48.2k – and struggling to break the latter - in the last 2-3 days.
(Short-term 20D MA just crossed above long-term 50D MA. Personally, I don’t trust MA crossover in MTF or LTF, but if you do be careful and use them only in conjunction with other indicators, oscillators, etc.)
Last 2 days volume is relatively high.
BTC is threatening with a correction, so if this happens, SOL is more likely to fall near $100 before the next breakout attempt.
In any case, breakout will occur sooner or later, because Solana is very promising project.
Investing is a probability game.
Try for consistency, there is no perfection in this.
Not financial advice. Always do your own research.
Bitcoin Golden Cross??Hello friends. If I’m not miss taken we have a golden cross getting ready give $Bitcoin$ a super boost! To sum it up the Green Line (50 day Moving average) it crossing up through the Blue line (200 Day Moving Average). This happens every time Bitcoin has a major move upward! Let me know what you all think!! Thx for looking
Example of Buy the Rumor Sell the news
Let’s look at the recent news with Ukraine. This is example is not meant to lean in any direction of morality as much as it is meant to show how news hints at the direction of the markets.
- The US and EU has been warning of possible Russian invasion since December 2021
- Biden publicly proclaimed this warning multiple times in January
When you watch the news, you can make money by asking yourself logical questions about how this will impact society, and who benefits. Then go invest in those companies.
- Golden Cross on Jan 10
- Price jumped NEARLY 20% from start of US warnings to Friday
- Moving up 5% in one 4 hour candle on Friday Feb 25
This stock has still not reached last ATH and has the potential to continue going up depending on the duration of the conflict.
On Monday, we are likely to see a small dip before the price continues moving upward.
ETHUSD ForecastETHUSD on a bearish trend, three EMA has shown the golden cross between EMA 21, 34, and 200
Price target on the Fibonacci cluster (Ext 1.618 , Ext 2.618 , Expansion 100)
Second target is on the second cluster (Ext 2.618 , Ext 1.618 , Expansion 1.618)
BINANCE:ETHUSD
-Fibomic International-
Bitcoin: Potential Wyckoff Distribution completedAlthough still continuing with an uptrend on the 4h chart, we now can see a clear Wyckoff Distrbution being completed for bitcoin which can be a signal for a significant upcoming drop.
If this Wyckoff Distribution is confirmed with a drop within the next 24 hours, we can expect bitcoin price to go down and test support at ~39,000 mark.
However, at this moment we are in no mans land for various reasons but specially because:
1. Wyckoff Distribution forming or complete, waiting for reaction
2. Potential golden cross between the 20 and 50 EMA forming in the upcoming hours.
3. Superbowl event is expected to have an effect as crypto commercials will take place which is a historical moment
4. Russia vs Ukraine geopolitical situation is one of the major factors to watch as any news regarding this can cancel all other signals.
It is recommended for traders to refrain from any trades and observe a market trend shift.
Golden Cross for dogecoinDear friends,lets take a look at the doge coin chart in the 4-hour time frame.I have used EMA-50 and EMA-200.As you can see in the chart,every time the EMA-50 breaks the EMA-200 upwards,a significant price increase is observed.After the first golden cross in August 2021,the price has increased by 63% in less than e week.After the second golden cross in October 2021 , the price by increased by 44%. Now in February 2022,if the price does not fall in the next few days,the third golden cross will occur and the price will increase by at least 36%. This review started in August 2021.
BTC Rejection of Uptrend from 0.618 FibThis is an updated Idea from yesterday
Bearish:
1)Reversal of uptrend from 0.618 Fib line at 45,409
2)Loss of Bullish Trend Line
Bullish:
1)Golden Cross Formation of the EMA 50 over 200
New trend:
Look for double Bottom Support off of previous Buyer Support Zone to start new uptrend
IF support isn't found look for a deeper pullback to previous support levels around 36,500
Catalysts:
Several Crypto Themed Superbowl ads for the weekend of Feb 13 are slated to run
- This new uptrend could be the market pricing in these ads
- Watch for a possible selloff during the Superbowl if the market has priced in the catalyst already
dogecoin: 58 days after Death CrossDeath cross is a graphical pattern in technical analysis that shows the potential for high sales and lower prices.The death cross appears in an asset or index chart when the short-term moving average, the long-term moving average breaks it and goes lower.It has been 58 days now that the 50-day EMA has broken the 200-day EMA downwards, and currently the slope of both moving averages is descending.In the path of price increase, both moving averages will act as strong resistances. To start a bull market, the 50-day moving average must first be bullish, and when the 50-day moving average crosses the 200-day EMA, a golden cross will occur and the price will accelerate faster.
Greg Dickersons's Technical Analysis on BitcoinHey Traders,
As you can see on the Daily Chart of Bitcoin (BTC), the death crosses of the 50 & 200 EMA are eerily similar. From the Wick Top on April 14th to the Death Cross area on June 19th was 66 days. And then from there, it was 31 days to the market price bottom. Fast forward to current times, the Wick Top on November 10th to the Death Cross on January was 15 days. This leads me to believe that we possibly have 31 more days until the bottom is found. Lastly, look at 31.5k and February 15th as they will be important buy areas. Credit to Greg Dickerson (TA Youtuber) for finding this.
Safe trading,
-Pulkanator
Bitcoin Dead Cross – should we scary?Hello, everyone!
Today absolutely every cryptoblogger talks about the Dead Cross. Many of traders scary this “dangerous” sign. But what does this sign exactly means?
The intersection of 200 days and 50 days moving averages (on the chart I use 1W timeframe but MA calculated on the daily timeframe) forms the Dead Cross if the 50 days MA was higher and became lower than 200 days MA. the opposite situation called Golden Cross. The first one is considered to be bearish, the second – bullish. BUT…. this is the total random. These crosses means absolutely NOTHING. Please, forget about this type of signal. If you take a look at the chart we can see that both crosses types can lead to pump or dump, and after that pump can be changed to dump and the opposite. This signal is available to everyone and whales are going to manipulate 100% using this situation.
Use only signals which efficiency you proved with your own system testing. If you want to know my opinion, I told you earlier that the Bitcoin is in bear market now, but I’m waiting for the short-term pump in the near future.
Good luck!
DISCLAMER: Information is provided only for educational purposes. Do your own study before taking any actions or decisions at the real market.