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Goldencross

GOLD DIGGING IN ACTIONGold has been travelling in a very large ascending channel however it broke out to the downside, came back up to retest the channel at the 0.618 of the impulse wave and now price has broken out to the downside of the ascending trend line it was travelling above to retest the channel. price is now going up to the 0.618 of the retest move to retest the trend line it was travelling above, we now believe price will drop to the -0.127 once it goes up to the 0.5 -0.618 of the previous wave
OANDA:XAUUSD
by UnknownUnicorn2396129
BTC maintainin bullishness; golden cross now on track for 4/11I appears that the stoch rsi is finding excellent support on the strong ascending 3 year old trendline keeping momentum bullish for now and has helped to increase the northern trajectory of the 1 day 50ma(in orange) to where we currently have a golden cross on track for as early as April 11th. Of course any significant selling from now until then will likely push that expected cross date back but price action currently appears to be in a bit of and ascending triangle/bull pennant on the one day chart...so if we were to break up from that price action within the next day or 2 we could expect a golden cross even sooner. So as of now things still look quite bullish all around...the only reason to even consider a downward move that invalidates the goldencross and instead results in a fakeout is that because everything looks so obviously bullish that the exact opposite could happen to trick a majority of traders. However beyond that, everything else seems to be indicating probability is currently favoring the bulls. So while I'm prepared for either outcome my bias leans bullish. If we are to break upward from the current flag set up the next consolidation or correction zone is right around 6k but ultimately I still believe we will get pretty close to the big wedge breakout target of 7229 maybe even as high as the resistance at 7.4k if enough fomo kicks in before any sort of significant correction happens.
BITSTAMP:BTCUSDLong
by DrDovetail
DASH/USD will soon have a golden cross; easy x100 over 2-4 yearsVolume increasing on average, MA's beginning to crossover, BTC/USD showing more than one or two signals that show that if we haven't bottomed already it won't be far lower than we've been already; these are, in my opinion, great reasons to presume a significant ROI on this asset over the next 2-5 years. Let's have a little thought experiment by making conservative assumptions about how much the price of DASH could increase, based on current price versus presumed ATH, and presumed sell price for the open positions relative to this theoretical new ATH. Key point here is that once a new ATH is made, how much higher it will go from there is influenced by so many factors that one cannot simply assume they have a reliable guess of the next new ATH. ___ A pretty conservative minimum from ATH to ATH of most crypto assets seems to be at least x10. Currently, Dash is currently at about $136 USD per unit with a previous ATH of about $1683 USD per unit. So, soon enough (on a week chart kinda timescale) we will see Dash make its way up to x10 current price ($1360 USD) and over the entire bull run making a conservative minimum x10 from the $1683 ATH to a new ATH of, of course, $16,830 USD per Dash coin. I gather that most reliable exit strategies (implying not exiting your positions too early or too late) would result in a sell price somewhere in the neighborhood of 10% - 35% below the new end of bull run ATH. To be conservative / having that nice risk management margin for error involved, let's say 35% below ATH. $16,830 - 30% = $10,939.5 sell price. $136 -> $10,939.5 = an x80.4375 multiplier on your investment (7943.75% ROI) *Not financial advice; just a thought experiment / extrapolation that I strongly believe is reasonable to feel at least somewhat confident about*
BINANCE:DASHUSDLong
by lysergik
VET is well setup to Golden Cross versus. USDThe green ellipses represent basic but powerful MA and trend signals (bullish of course). The blue ellipses represent potential near-future bullish MA crosses, and the red zone represents long-term resistance for future prices (previous major long-term support; naturally). I think when BTC/USD begins its next bearish swing/retrace/consolidation, VET/BTC could rise significantly and also have its golden cross occur, pushing VET/USD into a much milder bearish retrace or possibly even sideways consolidation.
BINANCE:VETUSDLong
by lysergik
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