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Goldencross

$BTC: Up or Down?Bitcoin for the last few days has been bouncing between the Fib Retracements of 0.236(resistance) and 0.382(support) following a significant "correction". While $BTC is currently below the 200 day SMA, quickly approaching is the 50 day SMA. If $BTC keeps moving the way it is we will see a Golden Cross. Looking at the RSI we see that $BTC isn't overbought(above 70) nor oversold(below 30), it is sitting around 45 for today. My hypothesis based on this analysis is that we will see strong upward movement and buying pressure for $BTC during the week or possibly the next but until then we could see more selling pressure to get the RSI further into oversold territory. Comment whether or not you agree or disagree, will appreciate any opinions or feedback. Thanks 👍
BITSTAMP:BTCUSD
by UnknownChannel
REEF/USDT Update: Another opportunity to buy cheap REEF. Intro: - Reef Finance tries to become one of the most used blockchains for DeFi. It's fast, scalable and has a low transaction costs. Reef Finance is build with Polkadot Substrate and comes with on-chain governance. - The DeFi sector did have a hard time during midyear but finally recovers and with it also REEF. - It takes some time to create such ideas and drawings. You are welcome to pay me back with a comment that states you opinion and maybe leads to further improvements considering my charts and explanations. Daily chart: - As the whole market also REEF did see a 30% pullback. This lead to a downwards breakout of the tracked rising channel. However it looks like we will be back in during the start of the upcoming week and continue to climb up. - The overall volume keeps increasing slightly which is bullish. - The 0.5 Fib level did hold and wee did get a nice bounce. - Wee see that the 50MA came to help as support and did act well as such. (The following description is taken from last discussion.) - On the RSI side we got a rejection from the 80 line and are within a very shortterm downtrend most likely towards the 50 line where we expect support. - We see a golden cross indicated by the yellow camera and a deathcross indicated by the cyan camera. - The golden cross between the 20 and 50 MA can be seen as sign for a trend reversal while also most other signals tell us the same like price and volume . - Currently we sit above the new support around 0.22 Expectations: - We expect REEF to break back into the rising wedge and explode once we crack the 0.03$ resistance line. - Assuming the trend reversal keeps in play and we get some kind of mirror image we expect REEF to touch 0.5 again before the end of 2021. - Often times price consolidates above a support line which has been passed shortly before we see a bigger pump as separation from the support line. Basic rules: - Never buy the top/ ATH - Take profit as long as you can (also partial profit is profit) - Use Stop/loss for leveraged positions - If you are not experienced, don't leverage in the first place Enjoy the ride and don't be too greedy. If you like the content, please like, comment and give this channel a follow. We would love it if you could share your thoughts in the comments. Discussions are very welcome here. Always do your own research and keep in mind that my charts and comments cannot be considered financial advice. Cheers ps. Chart explanation: Main lines: - Green lines are tested support lines. - Orange lines are resistance lines or, if we are above, possible support lines which were not tested yet. - Cyan line is for volume trendline. - White lines are Fibonacci retracement levels Helplines: - Purple lines are trendlines we take a look at. - Blue, green, white and pink lines are 200MA, 100MA, 50MA and 20MA. - Yellow lines are for visual help only. Boxes: - Either entry zone or support zone . Check the description.
RLong
by tumbler55
2
ETH/USDT Update: Great opportunity to buy cheap ETH.Last chance?Intro: - Ethereum currently has the biggest ecosystem and running smart contracts for a long time. This headstart led to a big market dominance compared to its competitors like Cardano , Solana, Cosmos, etc. - The change from POW to POS will help ETH to gain mass adoption. - It takes some time to create such ideas and drawings. You are welcome to pay me back with a comment that states your opinion and maybe leads to further improvements considering my charts and explanations. Daily chart: - We did get an upwards breakout out of the bullflag and ETH reached 4kUSD in price. However together with BTC the whole market did crash 20% and ETH is back within the bullflag getting ready for a new upwards breakout. - On the RSI side we did get an upwards breakout as well but are again below the descending orange line. We now did break below the 50 line which currently looks like a bear trap. This will be confirmed once we break upwards again. - The 50MA is coming for help to mark the current bottom. (The following description is taken from last discussion.) - ETH dropped three times to the 1750$ level and did get a bounce each time. - The blue arrow shows a W shape recovery which is considered to be a strong pattern and signals a trend reversal. - Currently trading volume stays rather low which signals that some people still don't believe in a trend reversal. - We see a golden cross indicated by the yellow camera. This time we see a strong separation between the different MA which is very bullish . Expectation: - We expect to continue the bullrun and aim for higher price targets. - During the start of the week it seems likely to break upwards out of the bullflag again. - We expect to hit the previous ATH soon within this month. Basic rules: - Never buy the top/ ATH - Take profit as long as you can (also partial profit is profit) - Use Stop/loss for leveraged positions - If you are not experienced, don't leverage in the first place Enjoy the ride and don't be too greedy. If you like the content, please like, comment and give this channel a follow. We would love it if you could share your thoughts in the comments. Discussions are very welcome here. Always do your own research and keep in mind that my charts and comments cannot be considered financial advice. Cheers ps. Chart explanation: Main lines: - Green lines are tested support lines. - Orange lines are resistance lines or, if we are above, possible support lines which were not tested yet. - Cyan line is for volume trendline. - White lines are Fibonacci retracement levels Helplines: - Purple lines are trendlines we take a look at. - Blue, green, white and pink lines are 200MA, 100MA, 50MA and 20MA. - Yellow lines are for visual help only. Boxes: - Either entry zone or support zone . Check the description.
Long
by tumbler55
BTC interesting golden cross dilemawhat i noticed in bitcoin history, when ever 50 sma crosses 200 sma, a big crash happens, it happened February 2020, also in 2014(i circled it in yellow if you scroll more left to see it), and many other places, and it doesnt matter if it crosses from top to bottom or from bottom to top what do you thing will this be different? wasnt different in history of bitcoin also btc is weakening, volume drooping is this all a coincidence good luck trade safe and be prepared
BITSTAMP:BTCUSD
by ergash1982
2
SCUSD: Moon, Mars or Bust?!?!?Hello Trading View Community, SCUSD looks like we might see an attempt to breakout and ride a nice rocket ship to the Mars, at least maybe Moon.... Now, before we go packing our bags, we need to make sure SCUSD flips the current resistance zone here at the 0.236 Fibonacci level and confirms it as support. Another bullish sign is coming from the Exponential Moving Averages trying to curl up and form a nice golden cross, with a nice hidden RSI divergence, till this happens though we might see some ranging. If it does breakout, I think we can see a push up towards the 0.382 fib point. However, I'm putting my first target a little further down as this is an area that starts to form a volume peak (not pictured). Thank you guys for checking out this idea on SCUSD. If you find this analysis useful, support with a simple "Like" or "Follow". Trade carefully and remember these are just ideas, not trading advise.
KRAKEN:SCUSDLong
by jnpTrends
An even bigger Symmetrical triangle xrp could break up fromMy idea earlier today was for a much smaller symmetrical triangle that was doubling as a bullish pennant. To reach the full bullish breakout target of that pattern would take us to around $1.80 If we were to go that high we would likely trigger the breakout of this larger symmetrical triangle as well. The point o where we break out of the triangle is still uncertain but if we breakout anywhere near where I placed my dotted yellow line as a rough estimate then we may see $3.00 not too long after we reach the $1.80 target. I expect once we do break up out of the larger symmetrical triangle that price action will likely come back to retest its top trendline as support. Not sure whether that’s ill be before we hit the $1.80 target from my last idea, or afterwards though.
BITSTAMP:XRPUSD
by DrDovetail
AMD: Forming Inverse Head and ShoulderSeeing an inverse head and shoulders forming on the 1HR and 4HR chart. On the previous post on AMD, there is a triangle breakout and now it has just broke out nicely last week, seeing a nice golden cross (50ema crossing above the 180ema). $112 could be a sticking point considering it was resistance a few weeks ago, so keep that in mind. There could be a push back towards the $120s if the $112 level breaks. That is where the inverse head and shoulders would complete, so monitor and set alert at $112 to keep an eye on the move
NASDAQ:AMD
by yflaw1018
US Dollar Index Outlook: Down But Not Out, NFPs Eyed on SEP 3A majors-based US Dollar Index , one that averages USD against EUR, JPY, GBP and AUD, declined this past week. Prices confirmed a bearish Evening Star candlestick pattern, hinting at further losses in the near term. Still, the broader uptrend since June still remains in play. A bullish ' Golden Cross ' between the 50- and 200-day Simple Moving Averages is in play. The 50-day line could reinstate the focus to the upside in the coming sessions. Otherwise, breaking under it could shift the outlook materially bearish. A softer US non-farm payrolls report on September 3rd will be closely eyed by Greenback traders. Given the Fed's recent tone at the J ackson Hole Economic Policy Symposium , a softer jobs print could push back taper timeline expectations. Such an outcome could be positive for market sentiment, threatening the anti-risk USD. 1/((FX_IDC:EURUSD+FX_IDC:JPYUSD+FX_IDC:GBPUSD+FX_IDC:AUDUSD)/4)
by QM_Dubrovsky
Bottoms up FILUSD those cups!!!!Hello Trading View Community, FILUSD seems to have found a nice round bottom and curled back up to the 0.236 Fib level. This level acted as nice support during the March rally that pushed FILUSD to $238. However, once support this fib level is now FILUSD primary resistance zone. Shifting our focus to the EMAs, we can see FILUSD consolidating below 0.236 fib and above 100 EMA (orange line) and 200 EMA (red line). Also notice the 20 EMA (solid blue) and 50 EMA (yellow line) trying to cross up on 200EMA, whenever the 50 EMA crosses up on the 200 EMA this is considered by many traders as a Golden Cross. If FILUSD is able to break above and reclaim 0.236 level as support, the next leg up would be mid $90s range which has acted as resistance many times before. Thank you guys for checking out this idea on FILUSD. If you find this analysis useful, support with a simple "Like" or "Follow". Trade carefully and remember these are just ideas, not trading advise.
KRAKEN:FILUSDLong
by jnpTrends
10
XRP Golden Cross Inbound?Looks like we may get a golden crossing of the EMA's on XRP here as the bears do what bears do every time this beauty tries to shine. As a long bag HODL'er, I've got a personal stash that I'll literally hold to zero, no me importa, but maybe the Jed effect is in play as we battle over the $1.00 line. I'd like to think that top wick will engulf but we've got a quasi harmonic effect in play as well that looks bearish. ETH really gave us all a bump so cheers to Ethereum and the new EIP :) XRP Army!
BITFINEX:XRPUSD
by FudBox
3