If Eth triggers the 1day c&h breakout target= 243.29 so far its staying above the neckline so that's a good sign. If it does indeed trigger the cup and handle breakout not only should it climb to 243.29 but that would almost guarantee the golden cross will be sustained...which would undoubtedly lead to more upside this is just the immediate pattern...there is also a much larger weekly/monthly triangle pattern we just broke up from that could take eth to $600 in the near future. The weekly pattern will have to wait for another idea since it doesnt let me post different timeframes on one idea.
Goldencross
Bitcoin Key Level - Make or Break!Just an idea pointing out similar scenarios in the past and where we can end up.
We are at a key resistance level that was a major support during the 2018 bear market.
NVT is used to speculate on tops and bottoms. When it flips red it signals a market-top following a big dump, but keep in mind it isn't accurate with regards to timing and can still have the price go up A LOT more before the eventual dump-off.
NVT is currently signaling overbought territory while price is at a major resistance point. Keep in mind it can stay in overbought territory and we can complete our golden cross and go on a one/two/maybe three year bull run lol.
Currently: We have broken out above the 200MA. If we hold this current price level and continue on to complete our golden cross that would be really bullish in my opinion.
April 2019: We had a similar situation. We broke above the 200MA, completed the golden cross and went on for over 150% gains to the upside.
Risk is too high to take a position at this very moment. Considering the possibility of such massive gains I will wait for the above confirmations to occur first in order to avoid any possible dump at this key resistance level. If we break above it, hold that price level as RSI retraces down (but with higher lows) following the golden cross then I would look to long and hodl my bags.
Would love to know what you guys think. Safe trading, cheers!
SELL GOLD ON HOURLY CHARTGold markets have gone back and forth during the trading session on Wednesday, as we hang around the $1565 level. Nonetheless though, there is a lot of support all the way down to the $1550 level, and of course the markets will continue to pay attention to the FOMC statement and of course the overall interest rate outlook for central banks around the world. Central banks around the world have been rather loose with monetary policy, so that something that you should pay attention to. I believe this will continue to be the way going forward and of course there are a ton of potential issues out there when it comes to the coronavirus and global growth in general. All things being equal, gold should continue to be one of the better performing assets.
$BTCUSD - Bitcoin Technical analysis - HISTORY REPEATS ITSELF !Hello Everyone! Hope you are doing well. Wanted to show you something which is very simple yet very interesting.
Let us look at the Daily chart and put Daily Moving averages 50 and 100 and see what chart shows us. These 2 MAs have given us some of the best moves in history and i will explain how:
When 50 DMA (Orange line) crosses 100 DMA (Green line) upwards, it has always made a significant move. Details are as below:
1) 04th Jul'2015 - Bitcoin was at 260$ and it made a high of 316$ on 12th Jul'2015 ( 21% Gain )
2) 22nd Oct'2015 - Bitcoin was at 276$ and it made a high of 19891$ on 17th Dec'2017 ( 7106% Gain )
3) 06th Apr'2019 - Bitcoin was at 5049$ and it made a high of 138686$ on 26th Jun'2019 ( 171% Gain )
and It is happening again - "HISTORY REPEATS ITSELF" - 50DMA is crossing above 100DMA and rate currently is 9330$ (while publishing this idea)
How much higher we are going to go? Please do let me know your thoughts in comments below!
Also, please do Hit LIKE and FOLLOW button if this idea makes sense to you. Please do your research as well as this is not financial advice!
Thank you very much for all your support and love
Yo Crypto
Cup & Handle Confirms. Daily Golden Cross Expected to Follow.Disclaimer: If you are primarily interested in copying other people’s trades then this is not for you. However, if you are willing to put in the work that it takes to learn how to trade for yourself then you have found the right place! Nevertheless please be advised that you can give 10 people a profitable trading strategy and only 1-2 of them will be able to succeed long term. If you fall into the majority that tries and fails then I assume no responsibility for your losses. What you do with your $ is your business, what I do with my $ is my business.
Sawcruhteez Strategies: How to BUY THE DIP | Advanced Dollar Cost Averaging Methods
EMASAR: Buy $8,158
50 & 200 EMA’s
15m: Bullish
1h: Bullish
4h: Bullish
D: Very close to getting a golden cross after pulling back and into the 200 EMA:
4 & 9 EMA’s
W:
Patterns
Cup and Handle is confirmed. Target is $11,675 (pictured above)
Bear channel is broken:
Button Bottom:
Bull Flag with $10,550 target:
Horizontals
Trendlines
Daily:
1h:
Futures Curve
Contango with 3.76% spread
Funding Rates
Longs pay short 0.0238%
TD Sequential
4h green 2
Daily green 3
Weekly green 4
Ichimoku Cloud
Have recently reentered weekly cloud
Daily C Clamp is a cause for concern
Conclusion: The Bitcoin chart is starting to look quite bullish if you ask me. We have been reclaiming some major levels and confirming some major patterns. The Wyckoff is playing out very nicely. It seems we are finishing the final stages of markup from that pattern while confirmed some new ones.
Featured is the cup and handle and she is a beaut. As we were recently pulling back I was holding my breath that the 200 D EMA would hold as support. That put us in an excellent position to get a daily golden cross and it also established the handle of this bullish pattern.
That support from the 200 D EMA also appears to have been enough to breakthrough the 6 month bear channel.
This post is marked long because a couple bullish patterns recently confirmed and I do believe that we will reach the targets. That being said I am not buying this level, at least not right now.
This is a major area of resistance and I do not like entering when price retests resistance on the way up. Instead I prefer buying when price retests that level for support.
I am looking to add even though I am still holding onto 100% of the long position that I established at $7,950.
My stop loss is now in break even territory which means I can establish more exposure without risking more than the original 2% of my bankroll. If price does retest the $10,000 level in the next week then I will definitely be setting my sights on buying a pullback to $9,400.
If you are asking why I don’t buy that price right now then read this again.
The TD Sequential is in a healthy position and that leads me to believe that the most likely outcome by this time next week is reexploring the five figure threshold.
PS: The halving is only 104 days away : )
Looking Forward to this Beautiful Golden Cross in FebruaryIf the Bitcoin price keeps moving up, or even just sideways, I'm looking for this beautiful Golden Cross to be printed in February (defined here as the 50 Daily SMA crossing above the 200 Daily SMA).
This phenomenon carries a lot of weight in the Bitcoin market and is extremely bullish.
We already saw the 1 year MA cross the 2 year MA, so this is just the next in line of bullish confirmations I'm looking at.
Bitcoin's rocket thrusters seem to be heating up!
I hope this helps you on your journey as a trader.
Peace, Love, & Crypto,
B1-66ER
Golden Cross, Death Cross, and Halving - Time ComparisonsUsing a 50/200 MA I've laid out time frames between the various occurrences of golden crosses, death crosses, and halvings.
Wanted to share with the community and see what theories any of you may have from seeing this and if you're noticing any patterns.
LONG - SNT - Trading OpportunityBullish divergence taking effect on BINANCE:SNTBTC along with a golden cross on the way, if SNT manages to break this resistance, it's probably going to go pretty wild.
Entry: 0.00000124
Target 1: 0.00000135
Target 2: 0.00000145
SL: 0.00000119
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BTC Searching for SupportBTC had an infamous death cross back in mid November (red ellipse) and has struggled to keep the 200 day EMA above the 50 day EMA ever since. Recently however the market has been making effort to do just that.
There has been quite a bit of volume recently suggesting seller exhaustion may be around the corner. The price is forming a strong upwards channel in which is steadily collecting confirmation points along the lower support line. It is still finding resistance with the upper bound but greater volume could possibly break it through.
Back in late October, the 50 and 200 EMA lines almost made a death cross but instead the market rallied and within 2 days went from $7490 to $10,480. Unsustainable at the time the price slide from there to a lower low of around $6620, a natural market correction happening over 1.5 months.
Now the market seems to be on the verge of a re-crossing of the EMA's back to a bullish trend . It will take around another week fr this switch to be confirmed and in that time BTC needs to steadily gain sup [port at the price level it is at.
The gold line directly connects with the support level of the current channel. This forms a natural Thomas Denmark ( TD ) bullish trend . That is, the price was being consolidated within that triangle and the market had 3 times where it hit the lower bound, which is a bullish trend line , and it could have slid out of the channel but instead bounced to a higher high, within four candles. For more on TD indicators please read this article: forextraininggroup.com
There are many bullish signals for BTC in the news recently such as the famous hash ribbons turning buy, www.newsbtc.com which makes this a precarious time for BTC because the bullish trend wont be con rimed until we have a healthy market rally to ~10k that isn't within a 48 hour window, with sustainable volume .
NTNX - Golden Cross, Cloud sector stocks bullishNTNX - Golden Cross (50 SMA crosses above 200 SMA), MACD crossing up , Cloud sector stock showing bullish signals and could hit $37.5 for form a cup. NOW also golden cross. US-China Phase 1 trade signing is is Jan 15th, so be cautious with risk size. Feb 21 $35 calls would be good option. Sorry, I havent published in awhile...
Why I believe Bitcoin will retest All Time Highs by July 1, 2020Disclaimer: If you are primarily interested in copying other people’s trades then this is not for you. However, if you are willing to put in the work that it takes to learn how to trade for yourself then you have found the right place! Nevertheless please be advised that you can give 10 people a profitable trading strategy and only 1-2 of them will be able to succeed long term. If you fall into the majority that tries and fails then I assume no responsibility for your losses. What you do with your $ is your business, what I do with my $ is my business.
Sawcruhteez Strategies: How to BUY THE DIP | Advanced Dollar Cost Averaging Methods
EMASAR: Buy $8,158
Patterns: Schematic 2 of Wyckoff Accumulation
Bear channel:
Horizontals:
Resistance: $8,300 | $8,600 | $9,300
Support: $8,000 | $7,800 | $7,600
Trendline:
Also see bear channel above.
Lucid SAR: If looking for SAR based on Welles Wilder’s original calculations then use “Lucid SAR” on Trading View.
Broke weekly Lucid SAR on Monday for the first time since March 2019. First time it’s been bullish since July 2019.
Average Directional Index: Weekly is getting a bullish DI crossover for the first time since March 2019. 4h is rolling over indicating that a short term correction or sideways consolidation is to be expected.
Relative Strength Index: Weekly is getting ready to test 50.
Coppock Curve: Rolling up below 0. Looks quite similar to January 2019.
Ichimoku Cloud: Price inside daily cloud with bullish TK Cross. Watching for bullish kumo twist and kumo breakout.
Futures Curve: Contango with 2.74% spread
Funding Rates: Longs pay shorts 0.01%
TD’ Sequential: Pull back from 4h 9. Daily on a 7 with a reversal candle.
Price Action:
Summary: Hello everyone, long time no see! Hope that you all had a great holiday season and are excited to hit the ground running in 2020. I sure know I am!
This is an important update because it is the first time I have bought BTC since June. There are a number of important indicators which lead me to have a high degree of confidence that the bottom is in.
We recently had a golden cross with the 4h 50 and 200 EMA’s. We brokethrough a bearish Weekly Lucid SAR for the first time since March 2019. We got a bullish DI crossover on the ADX for the first time since March 2019.
We are also back above the 50 EMA on the Daily and Weekly. The Coppock Curve is rolling up below 0 and looks very similar to the first couple months of 2019.
EMASAR signaled it’s first buy since February 2019:
Perhaps most importantly we have rested the logarithmic trendline for the first time since March 2019:
The similarities between now and when Bitcoin was below $4,000 are far too significant to ignore.
Furthermore we are at the final stages of a Wyckoff Accumulation pattern. If this current pullback finds support above $7,600 then it would provide the signal of strength and the pattern would be complete. If it consolidates into some sort of bull pennant then that would be ideal.
Also I’m starting to pay close attention to the 6 & 12 month cycles that BTC likes to go on. January 2018 marked the top of the bull run and January 2019 marked the bottom. 6 months later on July 1st 2019 we hit the local top.
I am expecting this pattern to continue and think that January 2020 will mark the bottom of the last 6 month bear market.
With the halving right around the corner I believe that this will be the best time to buy BTC since 2016. Buy the hype, sell the news, buy the dip. If this was accumulation then we should not fall back below $7,300. If that happens then I will be looking to exit.
I will end this post by making a new bold prediction and reaffirming one made previously. I expect Bitcoin to retest all time highs by July of 2020. It will take some time to breakthrough that level but I fully believe we will before the end of the year.
I also a holding onto my longer term target of $150,000 Bitcoin by May 2022.
How I executed on a +792 pip Gold trade.I received lotta questions about mastication for the gold trade that I entered back in November on the 25th so here it is.
*This is not financial advice. I am not a licensed financial advisor. Seek a licensed financial advisor before making any investment decisions. I am not responsible for losses or gains that may or may not occur in the marketplace. Forex carries a high level of risk not suitable for all investors.*
*This is not financial advice.
Forex carries a high level of risk not suitable for all investors.*
03:24:51 (UTC)
Sun Jan 5, 2020