Moving Averages
Bitcoin | Ascending Triangle & EMA50..!!BTCUSD (Update)
In Daily Chart, Bitcoin forming Ascending Triangle Pattern.
Daily EMA50 acting As Strong Support (Tested 3 Times in last 34 Days)
In Bullish Case, If Resistance (10.4k) got Cleared, Next Stop Would be 11666.
If Ascending Triangle & EMA50 (9.1K) Broken Down, then Bitcoin Might Test the Major Support (8.2k)
By the Way, Volume has been Decreasing Since 10 May (Halving Hype), Big Move Ahead So Be Ready for Both Bullish & Bearish Scenarios.
What We Do Now ??
If You're Holding Bitcoin, Set Stop Loss Below Daily EMA50 (9105) & Wait for Triangle Breakout..!!
In Longterm, Bitcoin Might Retest the 6666 Area Before Triangle Breakout,
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Bitcoin | Ascending Channel & EMA50..!!#BTC (Update)
Bitcoin Has been Moving Between 8.4k-10k Range from last 36 Days. (forming Ascending Channel)
At the Moment, holding the Channel Middle line (9.6k Support) & EMA50 (9464)
Now, there Are two Possible Scenarios..!!
- In Bearish Case, If Bulls lost the Support, It Might Retest the 8.8k Area Support.
- In Bullish Case, It Might test the Major Resistance (10k Area) Again, In Case of Rejection, There is a Possibility of Triple Top Formation 📉
Bitcoin CME Future Closed at 9800..!!
Expanding Triangle Formation..!!
According to Expanding Triangle, Big Move Ahead (Higher High or Lower Low)
In Weekly Chart. Bitcoin Facing Longterm Downtrend line...!!
In Weekly Candle Closed Below 9.6k or Trendline, Expecting Bearish Wave for Midterm.
In Case of Trendline Breakout, There is a Possibility of Bitcoin Bull Run in Coming Days..!!|
Waiting for Weekly Close 😎
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How to use the new Anchored VWAP drawing toolThis chart shows the Nasdaq-100 ETF QQQ as a weekly chart going back several years. It shows price, volume , and the newest addition to all TradingView charts... Anchored VWAP. It's been added as a drawing tool and getting started is easy:
1. Select Anchored VWAP from the drawing tools list on the chart’s left-side panel.
2. Now select a point on the chart from which you would like to start your calculation.
3. Click that point and the VWAP line will instantly calculate and appear on your chart.
4. In addition, you can change the color and thickness of the Anchored VWAP line by double-clicking on it and adjusting its colors and style in Settings.
Anchored VWAP displays the volume-weighted average price for a specific time period, starting from a user-selected point. In other words, Anchored VWAP shows the price of an asset adjusted for its volume starting from any point chosen on the chart. This is a powerful tool because it takes into account the number of shares traded at each price level and presents it as a smooth line anchored to any moment in time.
We’re excited to help the trading and investing community by adding Anchored VWAP to all TradingView charts. Also, if you missed it, we’ve recently improved the original VWAP indicator and now you can choose the interval to calculate. This gives traders the ability to construct any VWAP line based on a time interval of their choosing.
Please leave any comments or questions you may have in the comments below. If you're an expert at using Anchored VWAP , please share some tips and strategies so that new traders and investors can learn from you. Thanks for reading!
Managing Your Renko TradeJust some more explanation on how I manage trades once they have been triggered using my Renko brick strategy ; ) Enjoy!
BAJAJ AUTO - 21st May 2020As results announced and results is very good at this conditions.
One more stock to see interesting rally and see 100 Price Change Rally and its looks Bullish.
It is crossed all EMA and good time for long position or intra day too.
Lets see tomorrow Morning.
CHFJPYAt Strong support price have bounced to nearest resistance, about 25 pip only scalaping idea against the trend.
NISON - SWING TRADING STRATEGIESNISON - SWING TRADING STRATEGIES
PB&J - Pullback to Sweetspot
TT9 - Trading The 9
Trailing Stop
Masteel ( Rebound Counter )Short to Swing
EP : 315
CL : 295
S 1 : 305
S 2 : 300
R1 : 325
R2 : 350
TP : MA20 touch red candlestick
Bitcoin | Bullish Flag Breakout Done, Now What's Next??BTC/USD (Update)
In 8h Chart, EMA200 (7332) & EMA100 (6950) Both Are Play Important Rule As Key Support & Resistance Level.
At the moment, Bulls holding the EMA100 (Support) & Pushing the Bitcoin price towards EMA200 (Resistance)
Now If Bulls Cleared the EMA200 (Resistance) & Weekly Candle Close Above it then Bitcoin Might PUMP Hard in Coming days (We Could See HALVING FOMO)
If Bitcoin Bulls Failed to Hold EMA100 (Support) Then It Might Retest the 6.4-6,6k Area Again.
BTW Bitcoin Bulls Already Broke the Bullish Flag & Now Forming Another tiny Bullish Flag.
In Case of Bullish Move, Target Will be Between 7340-7380 (CME gap Area)
Outline : At the Moment, I'm Bullish on BTC & It Might Test the 7340-7380 Area, & Also Waiting for Weekly Closing, It Will be Important for Halving FOMO.
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Fist Stock lookI am not trying to say buy nor sell. This is my first reading of the stock and I was also wondering other peoples thoughts on the chart. I am wanting feedback and tips to improve my skills to work on bettering my skills. Any tips are appreciated and tell me what i go wrong and how i could fix it.
moving average linesas per a question/request to explain. a video in my opinion is worth a million words
Moving Average Trading SignalsMA Crossing MA is a common trading signal. When a short period MA crosses above a long period MA, you may want to go long. You may want to go short when the short-term MA crosses back below the long-term MA.
Here we can see MA50 crossing MA200 both ways, each resulting in a corresponding trend.
Death CrossThe death cross occurs when the short term average trends down and crosses the long-term average, basically going in the opposite direction of the golden cross, and is understood to signal a decisive downturn in a market.
Here we can see how the death cross triggered a year-long bear market.
Golden CrossThe golden cross occurs when a short-term moving average crosses over a major long-term moving average to the upside and is interpreted by analysts and traders as signaling a definitive upward turn in a market.
Here we can see the Golden Cross triggering a multi-month bull market.
The other perspective and Dollar Cost AveragingHappy Sunday, here I give you another perspective that may support my previous bearish bias of bitcoin.
The key of this analysis is the high period of moving average which I use to identify whether there is a down trend or the uptrend which hold current major trend in the market. Here in this example, I use the 1000 moving average on the daily time frame.
The 1000 moving average can be used as the benchmark to identify the dynamic support or resistance. In this current structure, we've found that based on the historical performance of bitcoin, there are only 3 period of times that the price trended below this 1000 MA on daily chart. The first period was between January - October 2015, The second period was between November 2018 - April 2019 and the third period is now. I might say with current price structure, the 1000 MA is acting as a dynamic resistance and the fact that the price is coming closer to this line makes me expecting a potential rejection toward this resistance and make the price goes lower.
On the other hand, The fact that the price is now trending slightly below the 1000 moving average is once again becoming a good area of doing the dollar cost averaging for a long term investment. At this rate below this dynamic support, the price of bitcoin is becoming undervalue. But, this doesn't mean the price can't goes even lower, but doing the dollar cost averaging at this rate is less risky than if we wait for the price to breaks out of current resistance to confirm the uptrend.
So, for short term, I will bet that the price will go even lower. But, for longer term maybe for the next 2 - 5 years, this time is a great time to start your dollar cost averaging on bitcoin as part of your portfolio.
Don’t miss MA opportunities this month Our analysis suggests that Moving Average Cross Over Trading strategies would likely be most successful at present. MA Cross Over is a particular form of trend trading. Moving averages "smooth" price data and represents the average price over a period of time. MA cross overs rely on faster moving averages crossing over longer period (slower) moving averages. For example, by plotting a 200-day and 50-day moving average, a buy signal occurs when the 50-day crosses above the 200-day and a sell signal occurs when the 50-day drops below the 200-day. The time frames can be altered to suit your individual trading time frames.This is in comparison to Support/Resistence Trading strategies which may have worked better last month.Conversely, our analysis suggests that Support/Resistence Trading strategies would most likely be unsuccessful at present.
BITCOIN | Ascending Channel & EMA100 Resistance..!!BTC/USD (Update)
Bitcoin Has been Moving Inside the Ascending Channel & Facing EMA100 In 8h Chart.
Now There Are Two Possible Scenarios!!
1- If Bulls Lost the MA50 & Channel Broken down, then It Might Crash Hard towards 4.8k Support.
2- if Bulls Clear the EMA100, then It Might Test 8k Area. (Major Resistance)
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