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Goldencross

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 AzizKhanZamani
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
XRP Fib Redrawn With RSI Double Bottom & Golden Cross Near Have been watching a double bottom pattern forming on Stochastic RSI 1 Day timeframes across many major crypto with over bought condition on the weekly. The weekly charts are cooling off while a nice double bottom is forming in oversold conditions on the daily. BTC is a clear example (see idea below). I redrew the fib to the local trend and we are currently looking to retest the .618 resistance. Breaking above that would most likely give the moving averages the momentum to golden cross (blue 50 day over black 200). Declining volume so we could see a large spike to move the market in either direction. If a bearish shituation* plays out then I see strong support around 0.253-0.255 area. A break above the .618 would mean a retest of the resistance around 0.315. Please Like & Comment ------> Lets Be Friends **even if we disagree** HAVE A GREAT DAY. LIFE IS A GIFT. Not Financial Advice. BTC Double Bottom ---> Idea Below
COINBASE:XRPUSD
by MitchMilli
1
BTC resisting bearish pressure and continuing upward trend?The way I'm seeing this is we've recently had golden cross on the daily charts for KRAKEN:XBTUSD in the past we've experienced flash crash shortly after golden cross during start of bull trend. BTC has fought hard to pull back from this crash and although it looks like it attempted and is retreating, could this just be a larger stair step pattern up? As BTC is slowly climbing up like a tank and FOMOers jump in and shorts stop loss are triggered could this send back into continuation of our upward trend? Seems like with halving near and so many have been awakened to potential of BTC and the larger crypto market I have a hard time believing this dip could last much longer, bulls have already resisted the bulk of bear pressure. I'm still very noob in the field of TA and attempting to use my knowledge of psychology to augment my understanding of charts and indicators, any feedback and insight would be greatly appreciated. And please leave a like as I am trying to build rep points so I can participated in the group chats! thanks - Wolfgang
KRAKEN:BTCUSDLong
by UnknownUnicorn6616932
3
BTC resisted bearish pressure and resuming upwards movement?The way I'm seeing this is we've recently had golden cross on the daily charts for KRAKEN:XBTUSD in the past we've experienced flash crash shortly after golden cross during start of bull trend. BTC has fought hard to pull back from this crash and although it looks like it attempted and is retreating, could this just be a larger stair step pattern up? As BTC is slowly climbing up like a tank and FOMOers jump in and shorts stop loss are triggered could this send back into continuation of our upward trend? Seems like with halving near and so many have been awakened to potential of BTC and the larger crypto market I have a hard time believing this dip could last much longer, bulls have already resisted the bulk of bear pressure. I'm still very noob in the field of TA and attempting to use my knowledge of psychology to augment my understanding of charts and indicators, any feedback and insight would be greatly appreciated. And please leave a like as I am trying to build rep points so I can participated in the group chats! thanks - Wolfgang
KRAKEN:BTCUSDLong
by UnknownUnicorn6616932
BTC Golden Cross - Retest ConfirmationThis week has been very volatile for the BTCUSD market, seeing a weekly high of just under 11k. This resistance level at 11k is crucial and the market has been knocking on its door all week. This retest of the support level found at around low 9k will show whether or not the longs or shorts prevail. Breaking this support level would likely result in a run down to the mid 8k range if not slightly lower into the mid 7k range. If volume picks up in the next week or so then that would be a good confirmation of the bulls taking control. The last recent golden cross that occurred in late April was almost 1 year exactly since the previous death cross in April of 2018 which was followed by a year of selloffs finally bottoming in the beginning of 2019. If this signal is to look like the last golden cross which led to increases of ~150% then the next level of resistance for BTC could be at 13.5k and if that is flipped then BTC will be once again in uncharted territory. The timeline etched out in this chart is about 3 months or 12 weeks, which would be a much slower move compared to the time BTC skyrocketed to 10k in just a couple months. If this is the case it would signal that BTC has a more mature market now and it would likely be a more sustainable increase that wouldn't be met by an aggressive selloff. In fact, if this trend is more prolonged and has a more stable rate of growth that would likely signal to larger institutional players that it's time to enter. This is all speculation and not written in stone but the smart play here would be to wait for the retest of 9k to be confirmed as a level of support and then go long, otherwise if entered too early you'll be flushed out because if 9k breaks the price will slide into another small period of accumulation.
COINBASE:BTCUSDLong
by Bitcoinboy
Bitcoin Holds Trend Line, Key Level as Golden Cross AppearsBitcoin just had its biggest drop since November, down 4.5 percent on February 15. It was a healthy pullback after a big rally, and it did little to break the cryptocurrency's recent uptrend. If anything, it confirmed most of the bullish bias. Point 1: BTCUSD held a key price level around $9,500. That was a peak last October-November and again in late January. Old resistance becomes support. Classic uptrend behavior. Point 2: BTCUSD briefly tested below a rising trendline that began in early 2020, only to bounce back above it. The bears tried to knock it lower, but failed. Another common bullish event. Point 3: As BTCUSD consolidated in those areas, its 50-day simple moving average (SMA) rose above its 200-day SMA. That "Golden Cross" chart pattern is often viewed as an indication of longer-term trend turning higher.
GEMINI:BTCUSDLong
by TradeStation
Higher highs? BULLTRAP? Golden crosses!Hey there, so this is a pretty important post right here. Leave a like, commend and share this post! Also follow me, if you don't want to miss out! As many of you migh already know, we had the cross (golden cross) of the 200 and 50 MA on the daily chart coming and it happened today. More or less surprisingly, we saw the price ralley strongly to the upside. We are now again above 10K and are getting a bit overbought on the smaller timeframes, but nothing too scary. The golden crosses of the 50/200 and 100/200 have been very bullish signals for Bitcoins price in the past, and could play an important role in the future. Price rallyed significantly from these golden crosses. These signals are though of even more important value, if both moving averages are heading into the same direction (up or down) while they are crossing. Only then is a true bullish signal given, imo. The bull flags on the daily also where very nice buying areas and still seem to be. There is though still the posibilty for this second ralley over 10K to be a bulltrap and to trap all the bulls, thinking Bitcoin is going to 12K. A breach above the last high and a further sharp 10% drop could signals a bulltrap and would be a concerning factor to me. So keep your eyes and minds open! Definitely follow me on social media and especially my YouTube channel: YT: Enlightened Trading Instagram: enlightened_trading_ Cheers, Konrad
BITSTAMP:BTCUSDLong
by EnlightenedTrading