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Goldencross

Bitcoin, what's next?Welcome fellow Tradingviewers, We will be looking at the price action from Bitcoin using a top down strategy where we are going to analyze down from the monthly. Monthly: - The last monthly candle did NOT close as a bearish engulfing which was important for the bulls to not loose all the strength. - The RSI is in neutral position. - The MACD is starting to make a bearish crossover, which can still be averted this month. Bearish. - Moving averages, Bullish. Weekly: - We are currently looking at a golden cross where the 50 MA is going to cross the 100 MA. - RSI neutral. - MACD is still in bearish territory and now crossing below 0. Bearish. - The last weekly candle closed between the 50 and 100 MA - The last weekly candle volume was overriding the big bearish engulfing candle that we saw 2 weeks ago, which usually is a very bullish sign. - Moving averages, Bullish. Daily: - Daily candles have not shown much except confusing. Neutral. - RSI is in neutral territory, coming from oversold. - MACD has just crossed bullish. - RSI and MACD convergences are to be seen on the daily graph. Bullish. - Moving averages, Bearish. 4H: - Still below the 100 MA, needs to close above to try and attack the 200 MA till then bearish. - Had a breakout of the bearish wedge, target would still be around 6600. Bearish. - The last 4 hour candle has closed as a bullish engulfing, resulting in the pump afterwards. Bullish. - We bounced of the neckline of the inverse head and shoulders displayed 22-27 NOV. - RSI going into oversold conditions, Bearish. - MACD has just crossed Bullish. - Moving averages, Neutral/Bearish. Taking all of these facts into account gives me a pretty decent view on Bitcoin. so what's next? The pump of today has already corrected over 50% which usually isn't that great of a sign. Preferably this 4 hour candle is going to close above 7600 to find support on the 100 MA, to try and attack the 7800 resistance area before going for the 200 MA located around 8200. But there is a big chance that we don't close above the desired MA which would mean that this whole rally was just a whale (or some whales) shaking out the guys who shorted the lows. Indicating that this simply was a retest of the resistance and that we might continue to fall. Overall: Monthly: Neutral Weekly: Bullish Daily: Bullish Short term sentiment is hard to say with these low volume spikes going everywhere. This analyses is only showing you guys my vision on BTC and should not be considered as financial advice. If you agree or find this analyses useful, don't forget to leave a Like ! Let me know what you think in the comments below! Kind regards, Forallcrypto
BITSTAMP:BTCUSD
by ForAllCrypto
5
Gold: Daily Long Bias (Fundamental Analysis) [Equally Weighted]We've seen a very significant phone in the dollar today compared to the euro . China may have to wait until after the 2020 election to handle the trade disputes between not only the United States but also emerging markets.All in all this is not made the dollar week and in terms of the dollar in a relative relation between the yen for example, Dollar going down against the Japanese yen represents obvious risk off scenario and equity markets across the world overnight since the closing of the New York equity session yesterday.It does look as if Japan is preparing another stimulus package which we may expect to we can the end but it hasn't yet because the dollar has more relative strength versus the Japanese yen . The German ten-year boon to yield has increased because of the threat of the SPD leaving the SPSOU government coalition. Other things being equal you would expect this to boost the euro however this is a counterintuitive market. Completely flat maybe marginally trending upwards in the last few days however the significance in the lower term time frames are of interest because of the identified support in the chart above. -1454 to 1469 is the current range but all in all you can say that this is flat.
FX:XAUUSDLong
by UnknownUnicorn3442968
6
BATBTC, above 200MA and ready for a golden crossWelcome fellow Tradingviewers, This analyses is only showing you guys my vision on BAT and should not be considered as financial advice. If you agree or find this analyses usefull, dont forget to leave a Like! We are a huge fan of BAt because this is one of the crypto projects that is already showing real world use-cases. (if youre not familiar with the use case, check: Brave Browser) A few weeks ago we spotted a great buying opportunity because of the huge MACD and RSI divergences that were seen on the daily and weekly timeframe. Now that we have cooled of a bit from that first run it is time to see if we can go for a second leg up. BATBTC has been consolidating above the daily 200 MA for almost two weeks now, with the 50MA almost crossing above the 200MA to create a golden cross we are confident that prices will start rising again. This was a short one, still hope that you guys enjoyed! KR, Forallcrypto
Long
by ForAllCrypto
CHFJPY STRONG BUY ( Read description for additional information)With Analysts predicting a fall into Japan's GDP on Wednesday which would weaken the Yen would bring the price up. On the 1 hour chart we having a rising support line ( higher lows created ) and the RSI indicator on the 1 hour points to an oversell of CHFJPY and now would need to go up. The reward risk is massive on this pair and this trade could go wrong but as traders we can only make educated guesses of where the price is going. Basically what I am saying is that the BUYING confluences are much much stronger than SELLING confluences. * PLEASE TRADE AT YOUR OWN RISK TRADERS AND FOLLOW GOOD MONEY MANAGEMENT.
Long
by mandeepsinghbusiness18
2 golden crosses on dailly withing a year?First of all no trade in BTC, but yes in alts. So many ppl waiting for 8.6k or 8.8k, not necesary it happens,..ps.s they might be disapointed. Here is 2 stupid facts. First off all, if we would first pump to trendline that is arround 9366-9.4k and then dump to 7.2K from 8.2K, like in this scenario: then bearish scenario would be a lot more likely. But we havent. We have dipped first to 7.2k and then pumped, which indicates that the btc has now enough fuel to continue higher at slower pace. Ofcourse it may still dip to 50 or 61.8 fibo (recent rally), so high margin trades are still risky imo. Anyway its worth noting that price is well above both 200 and 50 emas, which indicates we are not in bearish teritory (if you check 2018 death cross its not the same thing), like here: Death cross happened recently, which ofcourse was a perfect time to buy not sell (short term as always) it is still to be find out if for a longer term, i think yes. It can happen that golden cross is in the making right after the death cross or at aprox christmass time this year, thats in the case of a bullish scenario charted in this TA, and that is curently in play imFo. BTC made only few golden crosses from 2016 on dailly chart, here is one not used to talk so much, but when i do, its for a reason. lets see...
BITSTAMP:BTCUSDLong
by dejc123
3
BTC - November the most important month since MayNovember will be the most important month for BTC since May/June. Current pennant resting on the 200 with plenty of volatility. With the 200-Day as support and the 100-Day flat, BTC will likely find new support at $9k long enough to set up a 50/200 Day Golden Cross. That cascade of events causes a spike to retest at least $10k maybe up to $13,500. Google search trends suggest macro market growth of interest in Bitcoin and Crypto. Altcoin growth and mainstream news cycles suggest resilience of crypto industry.
BITSTAMP:BTCUSDLong
by TenaciousH