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Goldencross

BITCOIN and the Daily CrossThis is a continued post from The Desperate Push to 26k, the avoidance of the weekly death cross. Please review previous post before reading and boost/share for visibility. Simplifying the outlook, these are the only two things I am currently looking at. The Daily and Weekly, golden cross vs death cross. I'll take the shorter timeframe in this bout, so a golden cross on the daily to turn the death cross on the weekly around. To do this Bitcoin will have to move up from this range shortly to the 26k-30k range. The last 5 golden crosses on the daily have resulted in: 21,Sep,2021: 46k>68.5k 16,May,2020: 10k>64k 17,Feb,2020: 10k>market bottom 21,April,2019: 5.5k>13.7k 28,Oct,2015:$300>20k This is not financial advice. Please take this as an analysis only and trade on your own terms.
BITSTAMP:BTCUSDLong
by bishopknight
2
BTC VS TOTAL 1W - Pattern invalided? During Deathcross BTC creates first the cross then TOTAL During Goldencross TOTAL creates first the cross then BTC The last Goldencross now in February (2023) BTC created first the cross then TOTAL. Is the cross invalided? Furthermore the next levels are 9% to next Reversal Point. Price: $26780 The average of 35% (based on the 2 previous Golden Cross) gets us to $29200. Date Date. Days of. Price. Price Start End Type Differene Open Close Difference Market Days 1st 2nd 01/04/18 08/04/18 Deathcross 8 $6.808,00 $7.020,00 3,02% -5%. 8 BTC. TOTAL 19/04/19 24/04/19 Goldencross 5 $5.258,00 $5.416,00 2,92% 150% 63 TOTAL BTC 13/10/19 26/10/19 Deathcross 13 $8.280,00 $9.244,00 10,43% -37% 36 BTC TOTAL 14/02/20 18/02/20 Goldencross 4 $10.360,00 $9.684,00 -6,98% -53% 25 TOTAL BTC 25/03/20 02/04/20 Deathcross 8 $6.737,00 $6.751,00 0,21% 50% 46 BTC TOTAL 19/05/20 21/05/20 Goldencross 2 $9.800,00 $9.071,00 -8,04% 35% 95 TOTAL BTC 19/06/21 07/07/21 Deathcross 18 $35.767,00 $33.836,00 -5,71% -22% 38 BTC TOTAL 31/08/21 16/09/21 Goldencross 16 $47.116,00 $47.775,00 1,38% 36% 39 TOTAL BTC 14/01/22 23/01/22 Deathcross 9 $43.097,00 $36.224,00 -18,97% -19% 9 BTC TOTAL 07/02/23 13/02/23 Goldencross 6 $23.243,00 $21.780,00 -6,72% ONGOING BTC TOTAL
Long
by Sidi25_
DASHUSD golden cross; testing inv h&s neckline If it can sustain the golden cross then it should validate this inv h&s breakout and head to the $70 target. We can see it has already broke above the neckline once need to see it back above again and maybe close a weekly candle or 2 above it. On its way to the 70 dollar target it would create bigger inv h&s patterns/necklines along the way that would also most likely confirm a breakout from and lead to even bigger targets but we must take this one step at a time first….as of now we haven’t even confirmed this first one will breakout just yet. *not financial advice*
KRAKEN:DASHUSD
by DrDovetail
$BTCUSD Golden Crossed!!!Ok, I know there is A LOT of technicals out there, Fibonacci, moving average, pivots, Elliot wave, RSI volume, price volume, etc., However, one that is sorta high up on the priority list is the Golden cross (50 day moving average crossing above the 200 ma). Any technician knows about.. the flip side is the death cross. Well Bitcoin just golden crossed this morning. So that’s now, the Dow Jones (golden X’d in mid December), the S&P500 (golden X’d on Friday 1/27/23) and Bitcoin..the Nasdaq has not crossed yet.
BITSTAMP:BTCUSDLong
by jgeno
🟩 GOLDEN CROSS turns $100k to $72M 👇WHAT IT IS A Golden Cross occurs when the 50ma crosses over the 200ma. Having the 50ma above the 200ma is commonly considered a bullish market condition – and generally it is. Before we have looked at SPX Golden Crosses dating all the way back to 12/31/1928. BY THE NUMBERS How does the GOLDEN CROSS Compare against Buy&Hold from 1928 to 2023 👉 Golden Cross turns $100k to $72M 👉 Buy&Hold (SPX) turns $100k to $16M Annual Return % for Golden Cross 7.25% vs 5.57% on the SP500
SP:SPXLong
by TintinTrading
2
SPX / NQ - Bull confirmed (ok nothing is 100%)I wrote on Jan 18 that SPX had been looking "optimistic" technically as there were several factors favoring the bulls. After FOMC meeting yesterday, the bull case has now received further affirmation: 1. Both SPX and NQ are now above their 200 day moving averages 2. Both have broken above a long term trendline resistence 3. SPX is about to "Golden Cross" (ie 50day MA crossing above 200 day MA) 4. SPX has also broken above it's diamond shaped formation 5. Rotation has been back into tech stocks in the past week with Big Techs gaining solid ground Prior to this, I have mentioned several times that many stocks were forming basing patterns (rounding bottoms, inverse head and shoulder, Adam & Eve) etc. There were several false breakup at the beginning but lately there were more stocks that had golden crosses and with successful breakups. Many people were looking at the "tree" (in this case the indices eg SPX or NQ) but forgotten about the forest (a whole bunch of stocks which were exhibiting basing patterns, although they still took months to confirm a breakup). Forget the noise, trade the technicals. Keep things simple We could have pullback in the coming days, but as long we have higher lows or above the 50 or 200 day moving averages etc, the bigger trend is still up. Until these are negated, the risk-reward favor the bulls right now. p/s not saying to jump blindly into stocks right now (if you haven't done so) but look for those with good entries (either momentum breakup or buying the dips for stocks already trending). Disclaimer: Just my 2 cents and not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance and don't forget that money management is important! Take care and Good Luck!
SP:SPXLong
by Juliac
1
BBY - emerging uptrendConfluence of factors to support this view: 1. golden crossed on 4Jan23 2. 200 day MA is now flattening out 3. beginining to break out of a 2 month sideway consolidation (>86.89) It is possible that the stock could dip back briefly into the consolidation range in the near future but we are likely to see a higher low should this happen. Disclaimer: Just my 2 cents based on pure TA and not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance and don't forget that money management is important! Take care and Good Luck!
NYSE:BBYLong
by Juliac
CDAY - on the verge of trending up?CDAY had been basing since hitting low on 16 June 2022 (7 months now). It formed a Golden Cross on 17Nov 2022 (2 months+ ago) but continued to trade flip flopped within a sideway range while it's 200 day moving average began to flatten out. With it's 200 day MA having shifted from a downtrend to a flat line, the odds have increased for start of a sustainable up trend in the near future esp when it can start trading above it's last recent hi @ 73. Let see! Disclaimer: Just my 2 cents and not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance and don't forget that money management is important! Take care and Good Luck!
CLong
by Juliac
LTC inv h&s appears to be validating; golden cross soonUnlike the tezos, and algo inv h&s patterns which ended up being takeouts and have now been nullified, the ltc inv h&s seems to still be legit and is currently attempt to validate its breakout. We can also see it is just 1-3 daily candles away from its golden cross adding bullish confluence to this breakout. The breakout target had to be readjusted slightly lower than the original target because price action dipped back below the neckline. The new target is $91.79. I will put a link to the previous litecoin idea about this inverse head and shoulders pattern below. *not financial advice*
COINBASE:LTCUSD
by DrDovetail
2
SHOP - Ready to trend soon?SHOP had been building a rounding base for the past 9 months with 2 (failed) attempts to break it's neckline @ 45.30. The stock finally had a Golden Cross a few days ago on 18 Jan, further solidifying that it is bottoming out. Even after golden cross has occurred, some stocks can continue to remain volatile within a range for another 2 or even 3 months. Hence a better time to enter long is to wait for a break above a significant neckline (in this case 45.30). The aggressive trader would enter as the stock starts to break above the neckline (entry 1) although there is a chance this could be yet another false break (but with diminishing odds as the moving averages are now aligning to the upside). A more conservative trader could wait for further upside momentum by waiting for the 1st pullback above the neckline, and then enter only when the stock starts to break above the last pivot high (entry 2). Disclaimer: Just my 2 cents and not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance and don't forget that money management is important! Take care and Good Luck!
NYSE:SHOPLong
by Juliac
NVDA - approaching neckline (bull watch)NVDA was gyrating in a wild and wide base in the last 6 months. On 14 Dec it even went above the 200 day moving average but alas it proved to be shortlived as it began to retace 61.8% of the swing (AB) , forming what is now apparent a potential inverse Head & Shoulders pattern. As of now NVDA is trading above it's 200 day moving average again (a postiive) and a golden cross could happen (although not yet) in the near future (2nd positive if and when it does happen). The odds of a successful breakup is higher than it was earlier. An aggressive trader would buy the next breakup @ 184 (#1 in chart) with initial stop loss below 170 while a more conservative approach is to wait for the 1st pullback after the breakup and only enter the trade as it rebound and starts to surpass the first high above the neckline (#2). The #2 or more conservative way of going long is to wait for the upside momentum to be firmer such that retracements are likely to be less steep by then. Disclaimer: Just my 2 cents and not a trade advice. I may or may not enter into this trade. Kindly do your own due diligence and trade according to your own risk tolerance and don't forget that money management is important! Take care and Good Luck!
NASDAQ:NVDALong
by Juliac
1
SPX - case for optimismOn Jan 3, I posted that SPX had been trading in a diamond pattern since late May, a potentially bottoming formation in a bearish market. It has been 2 weeks since and this pattern continues to play out. 2 days ago, SPX managed to close above its 200 day moving average and stopped right at the critical longer term trendline resistence again. This is the 3rd attempt testing the 200 day MA as well as the trendline resistence in the past 1.5 months. The odds have increased that it will eventually test the 4100 level in the not too distant future, We may face some resistence at 4100 but the next pullback could be an opportunity to buy the dips, especially if pull backs do not bring it below the 200 day moving average again or formed a higher low. Signs that a new bull could have returned (in the following order): 1. trading above both longer term trendline resistence (black) AND 200 day moving average 2. Golden cross, ie 50day MA crossing above 200day MA. May happen within the next couple of weeks? However, the market could continue to gyrate wildly for weeks more until the 200 day MA can flatten out 3. finally, trading above the 4100 level and by then the 200 day MA could be starting to slope upwards Let's see. Disclaimer: Just my 2 cents and not a trade advice. I may or may not enter into this trade. Kindly do your own due diligence and trade according to your own risk tolerance and don't forget that money management is important! Take care and Good Luck!
SP:SPX
by Juliac
MELI - could be ripe for breakup soonThere are several factors that are aligning in MELI's favour for sustainable recovery in the near future (minor pullbacks not withstanding): 1. Since hitting the low in June2022, it began to whip saw sideways within an ascending triangle pattern. This is a possible reversal pattern when formed after a downtrend. 2. A golden cross on 22 Dec2022: another signal that the trend is possibly reversing up although the stock could still continue to whipsaw for several weeks (sometimes up to a couple of months) until the 200day moving average could flatten or start turning up. 3. Very strong volume in the last 2 days that propelled the stock to move 15.6% in just 2 days to retest the neckline of the ascending triangle. Watching to see if a (valid) breakup will materialise in the near future (perhaps after the next minor pullback). Disclaimer: Just my 2 cents and not a trade advice. I may or may not enter into this trade. Kindly do your own due diligence and trade according to your own risk tolerance and don't forget that money management is important! Take care and Good Luck!
NASDAQ:MELILong
by Juliac