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Goldencross

We buy pandemic fear (part 4)?We still estimates golden cross on dailly 50 vs 200 to happen in near future, and that will be our exit again. If we have done wave3 or not, i dont know, but yesterday dip to 7066 may be that wave4. Anyway in case we havent done wave 3 yet, there are some levels where wave 3 should take its turn, expecting btc to do some sideway stuff arround 7666 before continuing to its abcd target explained in buy pandemic fear part 2 arround 8750. Anyway lets stick to simple system rn, and that is we are bullish untill golden cross happens, on the actually cross we estimate short term bearishness and long term bullishnes so closing positions on next wave is crucial if high leverage. anyway fresh entry: 7166 and 7320 tp:? SL:? size: medium
GEMINI:BTCUSDLong
by dejc123
Ascending Triangle or Head & Shoulders?On the RSI there's a H&S patter so visible if I need to draw it I'm not sure you're familiar with a Head & Shoulders pattern. What Is A Head And Shoulders Pattern? A head and shoulders pattern is a chart formation that resembles a baseline with three peaks, the outside two are close in height and the middle is highest. In technical analysis, a head and shoulders pattern describes a specific chart formation that predicts a bullish-to-bearish trend reversal. The head and shoulders pattern is believed to be one of the most reliable trend reversal patterns. It is one of several top patterns that signal, with varying degrees of accuracy, that an upward trend is nearing its end. Key Takeaways A head and shoulders pattern is a chart formation that resembles a baseline with three peaks, the outside two are close in height and the middle is highest. A head and shoulders pattern describes a specific chart formation that predicts a bullish-to-bearish trend reversal. The head and shoulders pattern is believed to be one of the most reliable trend reversal patterns. What Does The Death Cross Tell You? The death cross occurs when a short-term moving average (typically 50-day SMA ) crosses over a major long-term moving average (typically 200-day SMA ) to the downside and is interpreted by analysts and traders as signaling a definitive bear turn in a market. The opposite of the death cross occurs with the appearance of the golden cross, when the short-term moving average of a stock or index moves above the long-term moving average. Many investors view this pattern as a bullish indicator. The golden cross pattern typically shows up after a prolonged downtrend has run out of momentum. As is true with the death cross, investors should confirm the trend reversal after several days or weeks of price movement in the new direction. Much of the process of investing by following patterns is self-fulfilling behavior, as trading volumes increase with the attention of more investors who are driven in part by an increase in financial news stories abut a particular stock or the movement of an index. Limitations Of Using The Death Cross All indicators are “lagging,” and no indicator can truly predict the future. Once & while a death cross can produce a false signal, and a trader placing a short at that time would be in some near-term trouble. Despite its apparent predictive power in forecasting prior large bear markets, death crosses also do regularly produce false signals. Therefore, a death cross should always be confirmed with other signals and indicators before putting on a trade.
TSX:CRON
by ScotianBot
Bull Flag or Descending Triangle. What Does The Death Cross Tell You? The death cross occurs when a short-term moving average (typically 50-day SMA ) crosses over a major long-term moving average (typically 200-day SMA ) to the downside and is interpreted by analysts and traders as signaling a definitive bear turn in a market. The opposite of the death cross occurs with the appearance of the golden cross, when the short-term moving average of a stock or index moves above the long-term moving average. Many investors view this pattern as a bullish indicator. The golden cross pattern typically shows up after a prolonged downtrend has run out of momentum. As is true with the death cross, investors should confirm the trend reversal after several days or weeks of price movement in the new direction. Much of the process of investing by following patterns is self-fulfilling behavior, as trading volumes increase with the attention of more investors who are driven in part by an increase in financial news stories abut a particular stock or the movement of an index. Limitations Of Using The Death Cross All indicators are “lagging,” and no indicator can truly predict the future. Once & while a death cross can produce a false signal, and a trader placing a short at that time would be in some near-term trouble. Despite its apparent predictive power in forecasting prior large bear markets, death crosses also do regularly produce false signals. Therefore, a death cross should always be confirmed with other signals and indicators before putting on a trade. Possibly Bull Flag or Descending Triangle as well, outlined in dark Green.
TVC:DJI
by ScotianBot
The Difference Between A Death Cross And A Golden Cross?What Does The Death Cross Tell You? The death cross occurs when a short-term moving average (typically 50-day SMA) crosses over a major long-term moving average (typically 200-day SMA) to the downside and is interpreted by analysts and traders as signaling a definitive bear turn in a market. The opposite of the death cross occurs with the appearance of the golden cross, when the short-term moving average of a stock or index moves above the long-term moving average. Many investors view this pattern as a bullish indicator. The golden cross pattern typically shows up after a prolonged downtrend has run out of momentum. As is true with the death cross, investors should confirm the trend reversal after several days or weeks of price movement in the new direction. Much of the process of investing by following patterns is self-fulfilling behavior, as trading volumes increase with the attention of more investors who are driven in part by an increase in financial news stories abut a particular stock or the movement of an index. Limitations Of Using The Death Cross All indicators are “lagging,” and no indicator can truly predict the future. Once & while a death cross can produce a false signal, and a trader placing a short at that time would be in some near-term trouble. Despite its apparent predictive power in forecasting prior large bear markets, death crosses also do regularly produce false signals. Therefore, a death cross should always be confirmed with other signals and indicators before putting on a trade.
TSX:WEED
by ScotianBot
potential super long bull pennant on xrpeth?At least on the bittrex exchange we saw a ridiculously long bull wick recently on xrpeth...Afterwards we formed an equilateral triangle and both its bottom and top trendlines were drawn better by wicks than candle bodies...thus meaning we should measure the pole of the symmetrical bull pennant by the wicks as well...If this is indeed the case and we measure the pole by the wick, then that gives this bull pennant some tremendously bullish upside that could easily lead to a sustained golden cross on the xrpeth chart which no doubt if it hit that target would allow xrp to easily reclaim the number 2 spot from ethereum. I assume the wick isnt as big on other exchanges though so if thats the case this may not be a valid emtric to rmeasure the breakout target on but either way looking at the volume that came ion as we broke above the top trendline of the symmetrical triangle..it should be enough of a bullish breakout target to lead us to a potential golden cross even if we cant measure it by the poles massive bullwickm. If the golden cross is sustained I amy have to flip my eth holdings to xrp at least temporarily.
Long
by DrDovetail
Amazon - Medium and long term BullRSI: Support level 32-35 - resistance level 70-75 - currently at 50: Medium buy WMA: 50 day WMA crossed above it's 200 day WMA in Jan: Strong buy Trend lines: - 5 year trend line supports long term bull with higher lows: Stong buy - Oct 18'-Feb19' highs is Aug19'-Dec19 lows i.e previous resistance level becomes new support level: Stong buy - Ascending triangle: Medium buy Short term could fall back to $1750 level if it losses support at $1900. However if it gains momentum and the bulls can keep it above $1900 for the next few days then the next resistance level will be $2000. Long terms Amazon seems like a safe bet to me. (This is a personal opinion and should not be considered an advise). What's y'all take on Amazon both short and long term?
NASDAQ:AMZNLong
by Rfrand90
KMB Golden Cross| Bearish Divergence| Blue Sky Breakout?Evening Traders! Today’s technical analysis will be on Kimberly Clark Corp that has retraced from its local top after a clear bearish divergence. Points to consider, - Price retraced to the .382 Fibonacci - .50 Fibonacci in confluence with structural support - Golden Cross in fruition - RSI diverging from price - Stochastics in lower regions - Volume nodes above average KMB has respected the .382 Fibonacci allowing the bearish divergence to play out; this has put in a local top. The .50 Fibonacci is in confluence with structural support, this being identified as a key trade location. The golden cross is coming to fruition, historically a bullish indicator as the price tends to rally. RSI is diverging from price, putting in consecutive lower highs, currently is neutral. The stochastics is projected downwards with stored momentum; it can stay trading in the lower regions for an extended period of time. The volume nodes are above average, indicating key trade locations are being tested in this major trend. Overall, in my opinion, KMB needs to respect the 200 weekly MA to increase the likely hood of breaking local resistance and confirming a blue sky breakout. What are your thoughts? Please leave a like and comment, And remember, “Win, loss whatever emerges in the short-term, place and manage your next trades untouched, unattached... always keeping your eyes on the long-term picture.” ― Yvan Byeajee
NYSE:KMB
by The_Alchemist_Trader_
EURUSD - Easy Pullback & Trend Continuation SetupHi Traders! The market is in a strong uptrend. As you can see, the market is in a healthy uptrend since 20th February. From then (price was around 1.08000) the market started moving up. After that the market made a retracement move. It retraced from the first pik (1.11800) towards the support (1.11000). Then the market moved up again and made the next higher high (1.12000). The market even did a so called "Golden Cross" and this could be an important signal for many traders. Now it is back on the support again. We recommend to buy the market because of the strong uptrend. Thanks and good luck :)!
Long
by swissmoneymakers
LTCBTC at a key fulcrum point.ltcbtc at a key fulcrum point. Needs to maintain support on the one day 200ma to trigger the falling wedge breakout and maintain the golden cross...if it loses 1day 200ma support then it will likely trigger the double top breakdown which could send it into a deathcross. If it did flip back to deathcross, that deathcross could still be more of a deathcross fakeout as long as prive action were to have a huge rebound after the breakdown. So even if the double top were to occur that doesn't necessarily mean a sustained deathcross is a guarantee we could still just have a deathcross fakeout and flip right back into a golden cross shortly there after.
by DrDovetail
USDCAD - Bullish & Successful Retest of BreakoutHi Traders! The market is in a healthy uptrend. As you can see, the market was moving a strong upmovement until the Resistance around 1.33200. During that, the 50MA and the 200MA were crossing bullish - the so called "Golden Cross" is a strong bullish signal for many traders. After that, the market was making a retracement. It formed the Bullish-Flag Pattern. Then, the market broke the pattern as expected and it also broke the Resistance with high momentum. Now the market tested the breakout successfully. We recommend to buy the successful retest after a confirmation. Thanks and good luck :)!
Long
by swissmoneymakers
Silver Some interesting historical data on the price of Silver back from 2002- 2003 similar to what we 've seen happening for the last couple of weeks. Blue line 50 MA Yellow line 100 MA Red line 200 MA time frame weekly Green circle 50 MA 100 MA golden cross on the weekly , Yellow circle 50 MA 200 MA golden cross on the weekly , Similarities with today's price action are that : 1 Back then the price got rejected multiple times from the same resistance line before breaking to the upside , as we've seen happening to the price last week . 2 After the 50 MA 200 MA golden cross occurred price gave two weekly bearish candle sticks before going to the upside . we are currently going through a golden cross between 50 MA and 200 MA on the weekly time frame, We did create a pretty attractive bullish hammer candle on the 4 hour , but I would stay away for now and wait for further confirmation as this correction might have more to give especially after a weekly engulfing candle. Once the golden cross has confirmed that would be a good time to place a long.
TVC:SILVER
by django2
2020 Halving Leaves Traders Golden Cross-EyedBitcoin refuses to leave the 10k launchpad from the 9.X resistance area multiple times. Positive sentiment leads traders into a trap. News of the "Golden Cross" and "The Halving" trumps all, but we can't all be winners. The promise of easy profit leads traders and investors into one of the largest bull-traps of 2020 so far. Bitcoin falls through the floor from $10050 to $8500 in the matter of days. The question is, is it over?
Short
by coinhoIio
1
Bitcoin Moves Aboves $12,000I believe Bitcoin is currently completing the fourth wave of a five wave Elliot formation, with will end near $9150, while the fifth one will end above $12,000. I have outlined a range, with the main support/resistance areas being at : $10,500 $9650 $9150 $8700 $8250 $7650 $6900 The price is currently attempting to flip the $9650 level as support, but it seems more likely that it fails to do so and instead validates it as resistance and $9150 becomes the new support, with the price possibly reaching it next week. One very important thing to note is the movement of the RSI. The RSI moved above the 50-line (midpoint) on January 3. This is often a sign that the price is in a bullish trend. The RSI has been above this line for 50 days and counting. The proposed decrease would likely cause the RSI to drop once more. If it bounces, then the projected movement will likely occur, as BTC would begin the fifth wave and move towards the recent high and possibly $12,000. On the other hand, a RSI movement below 50 would indicate that the price is in a correction. Another bullish characteristic is the golden cross (50-,200-day) that has transpired. The proposed decrease would also validate the golden cross as support.
BITFINEX:BTCUSD
by BitcoinMaximus1
4
BTC Double Bottom In Oversold Daily RSI & Fibonacci Following up from my previous BTC post I was looking at the possibilities of daily RSI forming a double bottom while the weekly timeframe RSI "cooled off". Fib extension looking to provide support at the .786. If we can do that I would expect to retest the last high around $10.5k. Bearish scenario could take us back to the $9,200's. Really is just about finding the best time to buy right now. Hype fuse isn't even lit yet.. Your grandma will be shilling coinz in the next bull cycle... could be sooner than later. Please Like & Comment ------> Lets Be Friends **even if we disagree** HAVE A GREAT DAY. LIFE IS A GIFT. Not Financial Advice. TABBOO LOVE: I Like BTC & XRP ---> Idea Below
COINBASE:BTCUSD
by MitchMilli