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Goldencross

3day goldencross & 1day fallingwedge appear to be triggeringfalling wedges target is 11.5k we may reach 11.7k with fomo....bears may try to dump it back down after that and send price action back to retest the top trendline of the purple wedge while simultaneously filling the 8.5k gap...or it could also fall a little further tto test the 3day chart 50ma or 200ma (in orange and blue) for a big support bounce and to trick people into thinking it will be a 3 day goldencross fakeout. If it doesnt dip and can sustain support above 11.1k long enough it could also trigger a 4hr chart double bottom pattern with a breakout target of 13.1k
COINBASE:BTCUSDLong
by DrDovetail
1
Demo of how my FUSIONGAPS indicator might be used.Link to my indicator: According to this chart, it appears BTC still have some downside to go, before a turnaround. Look out for a significant positive peak (turn-around) of the 50/15 blue oscillator (blue color fill) as a possible indication of a good position to enter. Possible indication of good price points to exit seems to be where the 50/15 oscillator (fuchsia color fill) have peaked in the negative region. Not a financial/trading/investment advice. Exercise your own judgement and take responsibility for your own trades. ;) And if you like this set of indicators, and it has benefited you in some ways, please consider tipping a little to my HRT fund. =D cybernetwork @ EOS 37DzRVwodp5UZBYjCKvVoZ5bDdDqhr7798 @ BTC MPr8Zhmpsx2uh3F5R4WD98MRJJpwuLBhA3 @ LTC 1Je6c1vvSCW7V2vA6RYDt6CEvqGYgT44F4 @ BCH AS259bXGthuj4VZ1QPzD39W3ut4fQV5giC @ NEO rDonew8fRDkZFv7dZYe5w3L1vJSE51zFAx @ Ripple XRP 0xc0161d27201914FC0bAe5e350a193c8658fc4742 @ ETH GAX6UDAJ52OGZW4FVVG3WLGIOJLGG2C7CTO5ZDUK2P6M6QMYBJMSJTDL @ Stellar XLM xrb_16s8cj8eoangfa96shsnkir3wctdzy76ajui4zexek6xmqssweu85rdjxrt4 @ Nano ~JuniAiko (=^~^=)v~
BITSTAMP:BTCUSD
by cybernetwork
FUSIONGAPS DEMO2: BTCUSD winding up for another massive pump?Another chart analysing DEMO using my FUSIONGAPS oscillator showing a possible mid-term trend of BTC, by comparing on historical oscillator trends/patterns. Link to my FUSIONGAPS indicator: An earlier chart showing how to use FUSIONGAPS to pick possible good time/price for entry/exit. Not a financial/trading/investment advice. Exercise your own judgement and take responsibility for your own trades. ;) And if you like this set of indicators, and it has benefited you in some ways, please consider tipping a little to my HRT fund. =D cybernetwork @ EOS 37DzRVwodp5UZBYjCKvVoZ5bDdDqhr7798 @ BTC MPr8Zhmpsx2uh3F5R4WD98MRJJpwuLBhA3 @ LTC 1Je6c1vvSCW7V2vA6RYDt6CEvqGYgT44F4 @ BCH AS259bXGthuj4VZ1QPzD39W3ut4fQV5giC @ NEO rDonew8fRDkZFv7dZYe5w3L1vJSE51zFAx @ Ripple XRP 0xc0161d27201914FC0bAe5e350a193c8658fc4742 @ ETH GAX6UDAJ52OGZW4FVVG3WLGIOJLGG2C7CTO5ZDUK2P6M6QMYBJMSJTDL @ Stellar XLM xrb_16s8cj8eoangfa96shsnkir3wctdzy76ajui4zexek6xmqssweu85rdjxrt4 @ Nano ~JuniAiko (=^~^=)v~
BITSTAMP:BTCUSDLong
by cybernetwork
3
1 day double top vs. 1 day falling wedgeThe current battle playing out seems to be between the support of the falling wedge's top trendline(in purple) and the resistance of the double top's neckline(yellow horizontal). If we somehow were able to close the 1 day candle above this neckline that would be a good sign for the bulls. We would still need breakout confirmation from the wedge first of course, but if a wedge breakout were to trigger here the breakout target would be 11.5k. I think instead a breakout fakeout here is slightly more probable but will remain neutral until I see it react one way or the other. For now, I have the projected breakout occurring instead where the next horizontal support line down around 8.5k intersects with the top trendline of the wedge. We will see if my assumption is accurate but currently we have potential to rigger the breakout from our current zone. Wee can also see the 3 day golden cross trajectory has been moved up to the 1st of August. I think this cross will be sustained and eventually lead to an 87% increase in price but think there's a chance price action could fall down to those moving averages right before or during the initial cross to scare people and accumulate short fuel first. We could also just shoot upward without doing that at all but if I see a red candle the day of the cross I will neither be worried or surprised. May be a slow climb at first in August but I have a feeling come september/october we will be full on bull mode again. Just a gu instinct and as always not financial advice.
COINBASE:BTCUSD
by DrDovetail
price action @ the neckline of invh&s; 3hr50ma blocking the exitAs expected here we can see price action has made its way up to the neckline of the 4hr chart inv H&S pattern and even sent a wick above it. The 3hr 50ma is now blocking the exit though adding some double reinforced resistance with the neckline. Fortunately the price action doesn't seem to be getting any kind of harsh rejections down though which suggests it should eventually overcome this double reinforced resistance and trigger a breakout..always wise to wait for confirmation though. We currently have the bullish breakout target for both the purple falling wedge and the green invh&s in a close enough range to eachother that we can consider that bullish confluence lending added probability o an upward break from the invh&s. I believe if this happens we will likely hit both targets and even continue up slightly higher via fomo to the ascending dotted white at around 112k trendline before finding solid resistance and hopefully filling the cme gap in that range. I think its still possible we could fill the gaps below too so i while i'm not planning my trading strategy around them I also haven't ruled them out. The 2 big yellow trendlines crossing in the bottom right of the chart represent the 3 day golden cross which has a current trajectory slated for August 2nd. While I think ultimately this cross will lead to bitcoins bullrun getting its second wind and will likely take priceaction up another 87% I think considering how far price action is away from it right now that it could also act as a price action magnet at first having the price fall down to the cross before having a huge rebound up off of it to continue bullish momentum while falling the 8.5 and 7.6 gaps below at the same time. I think it could even throw a wick down as far as the lowest yellow horizontal trendline on the chart. Again i'm not basing my trading strategy on this happening , only factoring it in so in case it were to occur I would be prepared. The price could just as easily skyrocket from the current range upon the 3 day cross as well never filling the lower gaps whatsoever I think it should be a bullish august and when the 3 day golden cross finally proves it will sustain I think this time the alt coins are gonna rise with bitcoin.
COINBASE:BTCUSDLong
by DrDovetail
Whales playing pingpong between bullish & bearish h&s necklineswe are now going on 4-5 consecutive neckline fakeouts here as bitcoin continues to walk the h&s neckline tightrope shaking the weakhanded longs and shorts alike. It could finally break and decide a direction this next move or it could continue to ping pong back and forth and grind sideways all month. Let's recall how during the bearmarket the priceaction went sideways in ping pong purgatory for quite sometime at 6k before finally continuing downward after the 3 day deathcross finally occurred. I anticipate that we will end up going sideways here much like we did there until this time we see our 3 day golden cross(not shown here) which is quickly approaching. this idea snapshot is of thee 4hr chart. If I can get a snapshot link of the 3day golden cross to show the image it will be posted below. Despite the recent correction's bearish price action it seems very likely the 3 day golden cross will still be happening in the near future. . .and much like the 3 day death cross broke price action out of the sideways ping pong at 6k during the bear market,,,the 3 day golden cross I anticipate will do the same here only allowing it to continue upward instead of downward. For now until I see price pick one definitive direction or the other...I hodl and make modest buys on dips that have a complete lack of volume confirmation.
BITSTAMP:BTCUSD
by DrDovetail
1
Real estate bullish MACD crossThe real estate sector made an upward cross of its MACD on the daily chart yesterday and appears headed toward the top of its parallel channel with good momentum. This sector is rated "market weight" by the analytics firms. Since the EWRE equal weight real estate fund got its start in 2015, it has modestly outperformed the S&P 500. However, the sector faces headwinds from the "retail apocalypse" as brick-and-mortar stores close due to rising debt and stiff competition from online retailers.
AMEX:RSPRLong
by ChristopherCarrollSmith