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Goldencross

Possible goldencross after higherhigh-achieving bullish breakoutWe can see after the recent bullish breakout from the rising wedge we were in that BTC has finally achieved the ever elusive 1 day higher high a crucial move necessary to jumpstart the next bullmarket. We of course are eventually anticipating a higher low to follow it but we may keep forming this higher high a leg or 3 more upward before correcting downward to form the higher low...so while I anticipate we probably are more likely to continue up a leg or 3 I am leaving this idea neutral until I see a break one way or the other. Another crucial move to kick the bullmarket into gear is the 1 day golden cross. Because of the recent bullish breakout from the wedge we can now see the trajectory of the 1 day 50ma has bent very sharply north which has given us the potential for that ever important 1 day golden cross to occur by April 11th!! In fact we could just consolidate sideways in a bullflag for the next 7 days and we would likely see the goldencross occur! continuing upward would only make it occur sooner as well. Of course we could always bart back down before those seven days, or have a golden cross fakeout where the cross occurs but only lasts for 1 to 2 days before having a huge dump back down to the downside. Definitely a possibility to always anticipate. If we do end up having a sustainable solidified and confirmed 1 day golden cross then all thats left from there to fully confirm the bull market is that follow up 1 day higher low and one more 1 day higher high to follow it up. ('m already accumulating each time we trigger a new leg up in the meantime and will definitely be adding to my bags should I see a solidified golden cross confirmed.
BITSTAMP:BTCUSD
by DrDovetail
Bitcoin heading for Golden CrossWhile the current trend may be overextended, a Golden Cross of the 50 : 200 MA forming on the Bitcoin charts. Notable because for over a year, it has been generally trading below the 200 MA. These averages don't guarantee price movement, but for the first time in a long time, these averages are moving in a pattern that is favorable to sustain an uptrend. This chart makes use of my first published script which plots Volume Weighted Moving Averages (VWMA). For reference, it plots the SMA. The VWMA tends to move faster & shows the convergence is coming up within 1, possibly 2 weeks at the most (the VWMA crosses first). Note: For my dotted projection lines, I eased off already charted upturn in the 50 MAs. Many other coins are showing this pattern. Run my script on them and you will see some are even closer than bitcoin. This could be an exciting week coming up.
COINBASE:BTCUSD
by patternrcg
ARK Showing a golden cross followed by positive actionHello all, ARK is one of the more interesting crypto projects in my opinion, as a long term outlook we can see a golden cross has now taken place on the daily time frame. ARK offers an iOS wallet that pays dividends weekly. With this type of compounding affect in a every growing world of crypto, this can potentially offer a great long term hold for the true HODLers that dont trade but rather value invest. As of now the estimate is 7% annual while weekly compounding. I recommend waiting for a cool off period to pick a good amount of ARK at the 200 EMA (Red) Thank you,
ALong
by Michael-David
ADABTC completes 1 day golden cross/picture perfect ih&s patternWe can see here on the 1 day ADABTC chart that the price action is responding quite bullishly to the recent 1 day golden cross. Also we can see a picture perfect inverted head and shoulder pattern here which cardano has just now broken above the neckline with good bullish volume to match it. There is still a slight chance at a fakeout here but we should know by the next 1 day candle if this is a legitimate triggering of the inverted head and shoulder pattern. With the volume confirmation here probability favors a breakout more than a fakeout currently especially coupled with the recent golden cross and so I'm listing this idea as long. We also have talk of cardano being added to the ledger cold wallet and cardano also being next up to be added to coinbase...the coinbase rumor is not as solid as the ledger speculation but both are certain to be impacting price at the moment. If the ih&s breakout is triggered I have put a projected breakout price target here in green.
Long
by DrDovetail
The LTCBTC Cup and Handle may finally be triggeringThe cup and handle pattern we have been watching unfold on LTCBTCs chart may finally be triggering here as ltc seems to be legitimately breaking up from its current bull flag which ahs a target that should once hit make triggering the cup and handle pattern a sure thing and continuing its bullish momentum...however there have been a lot of fake bait pumps and bait dumps over the last few weeks so we must keep in mind this could potentially be the case again here as well...however with the 1 day golden cross on ltcbtc fully sustained now I think probability favors a legitimate breakout of the cup and handle pattern here.
Long
by DrDovetail
1
2 BTC to 20 BTC Trading Challenge - Day 56 (0.466 BTC)Disclaimer: If you are primarily interested in copying other people’s trades then this is not for you. However, if you are willing to put in the work that it takes to learn how to trade for yourself then you have found the right place! Nevertheless please be advised that you can give 10 people a profitable trading strategy and only 1-2 of them will be able to succeed long term. If you fall into the majority that tries and fails then I assume no responsibility for your losses. What you do with your $ is your business, what I do with my $ is my business. Click here for my Comprehensive Trading Strategy | Click here for my Comprehensive Trading Process | Click here to learn about the 2 BTC' to 20 BTC' Trading Challenge It looks like we are finally getting some volatility and this is very exciting. In order for me to succeed with this challenge I need a big trend that I am able to enter into early in the game. The chop that has occurred over the last two months has been very difficult to trade. If USDTRY can resume it’s bullish trend then it is game on. I am ready to bet big on this one, but as always will be starting small. The 4h chart recently had a red 9 at support and that was a good opportunity for me to start building a position. Next I am watching for a golden cross with the 50 and 200 EMA’s. After that I will be watching for the same golden cross but on the Daily. If that goes as expected then I will be building a long position of ~10 BTC. If all goes according to plan and then my most conservative target gets hit I will be back in the green for this challenge. The chances of that happening are realistic but not necessarily to be expected. As long as I continue to diligently manage risk and wait for ideal entries then I am confident I can get this challenge going in the right direction in the allotted time frame. The crypto markets are also very interested for the first time in months. It is right on the verge of making a big move as far as I can tell. To learn more about what I am watching for see the Watchtower below as well as the 335th day of the Bitcoin Daily Update . Open Positions Exposure: 0.14 lots (3.66 BTC) Long USDTRY Enter: $5.3107 Stop: $5.236 Risk: 1.39% Watchtower USDTRY Notes: Price getting squeeze in between 50 & 200 EMA’s on 4h and D. Gameplan: Add if 4h GC. Add on D GC if not too far away from price. Close > $5.56 is another signal to add Target: $6.55 (ATH Retest) & $8.00 (Big W Target) ETHBTC Patterns: Descending triangle. Notes: Getting squeezed between 50 & 200 D EMA’s with beautiful cupping pattern Target: 0.07 if break triangle to upside Gameplan: Waiting to see how market reacts to Hard Fork. The technicals are very bullish, but Hard Forks are generally a sell. This might be different since there is no alt token being created. ETHUSD Notes: First bullish crossover with 4 & 9 week EMA’s since April 23, 18. Only the 2nd since Feb 2017. Gameplan: Same as above LTCBTC Notes: Weekly golden cross with price above 200 W EMA. Gameplan: If BTC can close a daily above $3,922 then I will be looking for longs. Will enter on LTC if ETH hard fork hasn’t happened yet.
Long
by Sawcruhteez
4
Bitcoin Daily Update (day 337)Disclaimer: If you are primarily interested in copying other people’s trades then this is not for you. However, if you are willing to put in the work that it takes to learn how to trade for yourself then you have found the right place! Nevertheless please be advised that you can give 10 people a profitable trading strategy and only 1-2 of them will be able to succeed long term. If you fall into the majority that tries and fails then I assume no responsibility for your losses. What you do with your $ is your business, what I do with my $ is my business. Click here for my Comprehensive Trading Strategy | Click here for my Comprehensive Trading Process | Click here to learn about the 2 BTC' to 20 BTC' Trading Challenge Consensio: M MA > S MA > P > L MA Patterns: Phase 7 Hyperwave | A&E | Bear Channel Horizontals: S: $3,742 | R: $3,820 Trendline: Parabolic SAR: W: $4,216 Futures Curve: Backwardation Funding Rates: Longs receive 0.0183% BTCUSDSHORTS: Rejected from 9 EMA. Will be interesting to see if it makes lower low TD’ Sequential: Bullish price flip with todays close, current candle is trying to make bearish price flip Ichimoku Cloud:.Watching for close above Tenkan-Sen Relative Strength Index: Continues to support > 50 Price Action: 24h: +0.21% | 2w: +6.6% | 1m: +12.1% Bollinger Bands: Continues to support > 50 Stochastic Oscillator: Monthly buy signal in confluence with weekly buy signal is very rare / powerful Summary: In a Telegram conversation with Leah Wald I mentioned that “I can’t remember the last time I felt this bullish about crypto” . This is only the second time we have gotten a monthly Stochastic buy signal < 20 and the first time it has been < 10. The last time we got that signal it called the bottom of the 2015 bear market. Just so happens that both occurred on a monthly red 8. I do not think we have found the bottom due to lack of capitulation / FUD as well as Hyperwave theory, however I do feel very confident that we are in for a strong bounce over the next couple weeks / months. First target is the top of the bear channel that is pictured above under ‘trendlines’. If we breakthrough there then I expect a $6,000 retest / rejection which leads to capitulation and a return to $1,000 / Phase 1. However everything hinges on closing above $4,200. That is due to the massive gap in the visible range volume profile. If we breakthrough $4,200 on a daily closing basis then that is the final confirmation I will be waiting for. I have already started to build my positions and am ~30% entered. Will make sure that I am 100% entered if we close above $4,200.
BITSTAMP:BTCUSDLong
by Sawcruhteez
My BTC forecast (NOT Professional)Once upon a time, Based on my hypothetical assessment, this chart reflects the "starting point" of the triangle to be June 4, 2018 "DEATH CROSS". In light of the 200 Day EMA's current trajectory, and established LOW, it appears to support the few rejections aligning the top of the triangle nicely as noted by the yellow circles. As such, IF all things stay equal, my BTC forecast for the next few months are as follows: +Best case scenario, BTC makes a significant trend change on/around April 20th; +Worst case scenario, BTC makes a significant trend change on/around May 20th; +Doomsday scenario, BTC breaks below 3,100 (YOU pick a day) *The green lines are reasonable representations of the price channel BTC will bounce around-in, with "slight" deviations above/below it of course, until the significant trend change occurs (i.e. "GOLDEN CROSS"). The End.
BNC:BLX
by Yur_Gr8est_Fan