Goldencross
BTC Failed at $8,400 with chance to bounce up or see $7,700Recent Support at $8,400 could catch BTC with a quick jump inside this zone, preserving the golden cross setup 50/200.
If not, and the 50 day again points down, we may see a drop below $7,700 and if thats the case, look out below.
BTC 50-Day has turned upward, Support for Golden Cross Setup!The 200 day will continue to rise and now with the 50 day finally turning around to the upside, we've got a possible Golden Cross setup soon. With support levels not that far down considering the upside, this is a great time to begin legging in for the next big spike. My guess is to see the 50 cross the 100 by first week of December and the 50 over the 200 by Spring.
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.
BTC weekly: Fractals and 50 & 100 MA golden cross!Both fractals show a pump that went into consolidation, then found support at the 100 weekly moving average. After the last golden cross bitcoin had a 4000% pump!
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...
Breakdown before Golden Cross Part 1 & 2Before starting the "Golden Cross Part 1 & 2", this could well play out before entering the "Cross-Zone"..
(After ranging 5400-6500) See the nov 2018-march 2019 pattern in the green zone.
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.
Ethereum updateMaybe looking for a golden cross. Personally i think Ethereum is extremely undervalued and 300+ is an appropriate target at this stage. We will see what unfolds in the weeks to come.
BTC Pennant on the 200 Day may spell $10k Breakout!This pennant has found strong support on the 200 day. An early breakout attempt (orange oval) failed but it was supposed to since it was early.
I expect a jump over $10,000, either from inside the end of the 200-day supported pennant (orange triangle) or off of the 50-day.
When that happens, expect a cascading Bull parade as it will cause at least one Golden Cross.
(Don't sell anything till you see what November 3rd looks like)
BTC Bulls May Charge for a Double Golden Cross Spike!50, 100, and 200 day moving averages are showing momentum shifts that could set up for a double golden cross just after a number of support lines ($7,700 and even $8,200) have been tested successfully. The still upward 200 day may now be support. This all at the same time Google is showing record searches of Bitcoin which implies new money considering coming in. If Bulls hold $9,000 long enough to see the 50 day rise back over the 200 day, we could see a spike up through the 100 day which could be very bullish.
If you're selling, might want to consider waiting until you see what November does. Of my crypto, I'm holding long about 65% BTC and the rest altcoins.
Cardinal Health // Pre-Golden-cross
A golden cross criteria is met when the 50sma crosses the 200sma in an uptrend. We might see it happen on CAH soon.
We see a potential flag with $52 resistance up-top.
OBV sustaining the chart's price.
RRR is good @2.5
*Check chart for more details
4 h BTCUSDGood day guys!
A bit late with this chart, but something to keep an eye. Last times we had the 4 h EMA Golden cross it was during the consolidation triangle pattern, which gave us an upside, but then a dump. The one before it gave us the bull run which gave us the run up the 14k .
So eyes open people, this could be the starting of the up trend, though is bit too early. If we get too far away from the EMA's, it is a call for a pull back to the EMA's. The best would be to have a pull back in the region of 8500 and then a run up, but the market seems wanna move higher.
The Golden cross has to be taken cautiously, because it just crossed, so be careful.
Moon Cancelled? 4 H EMA Golden cross is not getting any love :((Whazuup my people, hope you are having a terrific trading day and had a phenomenal weekend as well.
I think we are primed to have a nice 1000 USD correction within a very short time. 8.5 target lies on FIB 0.5 which is universally beloved retracement level for BTC and IMHO we will at least test this area today or latest tomorrow. Trend reversal theory will be confirmed or disproved based on the price action that we encounter back at 8.5K level. Current price action looks bullish, yet BTC has a habit of closing all the fast gains in a relatively prolonged downturn. Key pivots for me are at 10.3( closing and maintaining daily over there will be a confirmed trend reversal), the medium term-bullish scenario will be if we retest 8.5K and swiftly reverse to the upside.
Have a profitable day my friends and don't get rekd :))
Summary Answers:
1. Moon is not cancelled, going down to 8.5k level will test the bullish resolve of the current price action. If we start consolidating at levels 8.5 or blow I'd expect a further sliding continuation of a downtrend.
2. Why 4H golden cross did not get any love? - 1. It is too far away from the price action 2. Bulls are currently exhausted and do not have much power to push the price further. In fact, they are so exhausted that we have closed down an all the gains that preceded to the golden cross.
