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.
Goldencross
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.
LDL LongPotential golden cross this week and also the 9 ema x the 20 ema on the daily looking for new highs. 1st target $27 2nd $31.71
The Bearish Period of Falling TrianglesWe should admit that the bears yet have full control on BTC now and until we again see the golden cross, they will have. However, despite bear-dominant market, we expect to see gradual falls over time which indicate a healthy downward accumulation for the upcoming bullish trend.
We will see two or three triangles more until the golden cross I assume. Each triangle will be smaller compared to previous one until the market reaches golden cross area.
Let's look at triangles closer:
Triangle-1 (T1): Takes 47 days until the next big fall. The first messenger of the bear market. First harsh fall.
Triangle-2 (T2): Will take app. 50-52 days until the next big fall. The mid-period of bearish trend.
Triangle-3 (T3): Will take app. 40-45 days until the next smaller fall. The first messenger of the end of bearish trend.
Triangle-4 (T4): Will last 30-33 days until the End of Bearish Trend at the mid-Feb where MA200 exceeds MA50 which indicates a Golden Cross.
this is the hint ladies & gentlemens; monitor the momentum of the falling movements closely in order to forecast until which level it will fall.
if there are continuous - densely sharp falls, this means the btc price will reach its minimal at 5,5-6k's. However, if there is gradual decrease over time that we see nowadays, bearish trend might even end up at 4k's.
So, before taking long position, wait at least until price touches under 6.500 $.
***This information is not a recommendation to buy or sell. It is to be used for educational purposes only.***
Golden Cross on XLYThis setup has been a long time coming. The chart has been bullish ever since the Imperial Brands deal. The golden cross (of the 200MA/50MA) is a very strong indicator of bullishness. Given that this stock really didn't rally as much as it could have on the back of the IB deal, I expect this, plus any minor catalysts in the short term could send this stock on a run. Watching $1.00, $1.20 and $1.50 as targets.
ETHBTC - Hoping to form new supportCOINBASE:ETHBTC has been looking pretty strong lately. On the weekly chart it appears to be one of the leading altcoins (as expected) in trading vs. BTC. The weekly chart has several indicators now trending towards bullish bias. The daily chart that I'm highlighting however is not as clear at this moment. I've circled two areas of interest on the price chart. The first is the first test of the 100 day moving average which was denied. The second area is where that same 100 day moving average was broken, and is now holding as support for the time being.
The unclear indicators on the chart are the MACD hovering above 0 having already made a bullish run, and the Stochastic RSI stuck in the middle of the range. RSI itself still shows fairly bullish.
Personally, I feel like averaging in on ETH. Granted, I already have been averaging in due to the weekly chart, this potential new support on the 100 day, if it can hold can produce a run at the 200 day which is substantially higher.
DISCLAIMER: For educational and entertainment purposes only. Nothing in this content should be interpreted as financial advice or a recommendation to buy or sell any sort of security or investment including all types of crypto. DYOR, TYOB.
XRP trying to break the 99 daily MAXRP trying to break the 99 daily MA, there might be a golden cross forming also.
Long Term BTC trend analysis Hello everyone, my name is CombJelliesAreCool, lets get to brass tacks.
Lets start off with the red and green curves i have surrounding the entirety of the price action for BTC, i started off with the first high and low back in Oct 2010 and connected the green curve with every subsequent rally high and connected my red curve with every subsequent rally low. Doing this, its clear to see that touching either of these curves is a trustworthy indicator for the end or beginning of a sustained uptrend. Due to the inherent volatility of the bitcoin market, its entirely possible for a downtrend to occur inside of an uptrend of vice versa. However, if your uptrend doesn't touch the green curve or the downtrend doesn't touch the red curve then the trend has not completed. This indicator has played out without fail for almost 10 years now and can be seen in action with the rallies of 2011 and 2013 and the down trends of 2014 through early 2015 and i posit for the downtrend of 2018 through the rest of 2019.
On this indicator i took my inspiration from @MagicPoopCannon but I came to a different conclusion on the shape of the curves, he posits that as time goes on the price of bitcoin will eventually stabilize, although I agree with him that price action will eventually stabilize as the market gets saturated, I highly doubt stability is coming anywhere in the near future with the increasing adoption and exponential amounts more money that's coming into the market so my bands increase in width as time goes on as opposed to decreases.
Lets move on to the SMA cross, it looks like there's an impending deathcross on the horizon coming to confirm this downtrend we've been in for two months, with this harsh of a downtrend in the past week I assume its coming sooner than later, especially looking at the shape of the 50 SMA up close.
Now for the NVT analysis, I noticed that the shape of the nvt during late 2012 through mid way 2014 has a lot of confluence with the NVT of mid 2017 through now. I first noticed that a new end of the downtrend wasnt confirmed until the NVT for a green oversold signal, one that we didnt have, even during out catastrophic drop in Nov 2018. If you look at the red lines you can see that the shapes of the NVT are basically symmetrical. You see a gradual rise into a steep rise followed by a monster of a dropoff, boom, green oversold signal, a gradual rise and plateau followed by yet another steep rise and another, albeit ever so slightly less of a dropoff than the previous, this takes us into the mid 70s of the NVT, we plateua, chop for a couple months than a decent uptrend and a very gradual drop off of the third red peak of the NVT, and finally our second green on the NVT since out first red peak and a touch of the red curve to signify the end of the downtrend. A majority of this trend is confirmed including the steepness of the angles and the timing of the plateaus in the trend. I would assume this would indeed be the case if we had good NVT data for our very first bull and bear cycle.
If this fractal plays proportionally our eventual low will likely be the high 2000s or low 3000s and our rally high in 2023 will be around 250000 - 300000 dollars per BTC. Shes going down boys.
Thank you for reading, Im open to ideas and criticisms.
Bitcoin Cash - Buy when it's cheap and sell when it's high.Hi friends, looking at the chart Bitcoin Cash price was playing in the range between two horizontal lines. And recently in med-term (4H timeframe I mean), it drew Falling wedge, and broke up finally.
So what can we do at current minor signal of altseason?
Binance coin finally got golden cross (50EMA, 200EMA). and the price is at the support line I think.
And why I think it's cheap, is my RSI pivot support/resistance line says it's oversold, and SToch also oversold.
Enjoy the trading with strict risk management.
Please press like button if my analysis is helpful.
Thank you guys!
BTC 4hr 9-12-19Well we have risen back up and topped out right at the 50 and 200 MA on this chart. Its pretty evident that these MA's are providing resistance for the time being. With them being so close to each other to the point where they are almost merged I would consider this area to be tough resistance. Much tougher than one single MA alone. Anyways we had a golden cross on this chart recently, but we had a death cross on the 1 hr and it looks to me as if this golden cross will be negated very soon. If we go up that wont be the case though. RSI isnt telling us too terribly much. IMO it could go either way if you are only paying attention to RSI. We are in the 4hr cloud as well which could mean we move sideways a bit. Right now BTC has a roof over its head that it needs to break through if we want to see higher highs. I dont think we see the higher highs til towards the end of the month... But WTFDIK?
