ADOBE LONG 1H ChartNASDAQ:ADBE will go long for 1H trading chart.
MACD cross , SMA 200 and STOCH indicate buy for LONG
Sma
Looking for your next long entry for bitcoinBitcoin is clearly in at least a Short to midterm downtrend. We’ve had a bullish cross of the 50/200 day SMA. Do we fall through it again for a second fakeout? That would be unprecedented in the history of bitcoin. It isn’t impossible though. Bitcoin is currently following a falling wedge (which typically break up) but it also may be forming a large bull flag (red lines) which are converging trend lines (not to mention the 50 SMA will be passing this area in this falling wedge which if confirmed support is very bullish) but also makes the next move fairly ambiguous until it plays out. Either way, keep an eye on the $8400 for a breakout. If that fails, $8000 serves as a psychological support as well as the 200 day. If that fails, $7800 lines up with the base of support created back in April. Anything lower than that, then good luck and say a prayer lol.
#eurgbp falling wedge formed price under 200SMAwithe price below the 200 SMA , we expect the price to go higher if it breaks and retest the resistance line
like comment and follow if my idea is helpful
#USDCAD broadening wedge formation, SMA 200 usdcad direction?a break below the support line A is expected as price already is below the 200 SMA. Wait for a break and a retest of the support line A and go short
like comment and follow if my idea is helpful.
i wish you guys goodluck this week
USDJPY - Possible golden zone rejection Hello everyone!
I will keep it compact as always:
1. Broken trendline
2. Wait for chart to reject the golden zone
3. Go to a smaller timframe and look for a trendline or/and resistance
4. Find a good entrypoint with a thight stop loss
5. WHEN IN PROFIT TRAILING STOP IT!
I hope you like it!
EURUSD Just closed above the 200 SMA on 1 Hour ChartEURUSD Just closed above the 200 SMA on 1 hour chart following a breakout this morning.
However to continue upside momentum the price would have to close above the 50% Fibonacci level at 1.08934 directly above the 200 SMA so could encounter further resistance here.
If the uptrend is broken price could move back and test the lows of 1.0800.
Bitcoin on a (relatively) long-term move upwards?Does bitcoin look to be moving upwards on a longer term trajectory?
Looking from a daily view (1 day bars), the short term SMA moved above the longer term EMA near the beginning of April (08 Apr 20), and seems to have established itself there for the past approx. 4 weeks.
Additionally, drawing trends on the highs and lows from the lead up to the move of the SMA above the EMA from 01 April (admittedly an arbitrary point but as good as any other) to when the daily movement slowed down and temporarily peaked (05 April) shows that from the first day onwards following on from the day there was a last major daily movement (29 April), the trend is remarkably following the trend upwards from 01 to 05 April.
Finally following on from that possibly important day of the last major move (29 April), the first bottom/trough had a dragonfly bar indicating subsequent moves upwards - which have happened.
A large negative however is that the RSI has remained above 70% consistently over the past few days and thus would indicate a move downwards at some point. However, with the way the RSI is calculated, a downwards moving RSI does not strictly translate to a long term price trend downwards.
Thus, we have:
1. Short term SMA consistently staying higher than the longer term EMA
2. Price movements closely following trend lines (that are not wedging or indicating a movement down)
3. A dragonfly at the most recent bottom/trough indicating a movement upwards and subsequently validated over the past few days.
The assumptions underlying the above, and which could always be wrong are:
1. The trend lines are correct particularly from their origin (why pick 01 April? Are there better trend lines indicating the opposite?)
2. The dragonfly has been identified correctly and is actually meaningful
If the movement and pattern has been identified correctly, then the first barrier of resistance, and also perhaps the optimum sell point would be around 10k USD, the approx. high from approx. the past 6 months. Alternatively, an exit would be when the SMA crosses the EMA downwards, or when there is a daily close and open below the EMA line.
Generally, there's always unsureness (that's a cromulent word and the reader knows what it means so I prefer it over "doubt" :-) ) if this or any BTC movement is a true movement upwards. I'm still not convinced that BTC actually has patterns or that any trading strategy can be applied to BTC as the movements are to random, and the variables too great, without any market fundamentals (like stocks) to make any rational calculation. Thus, feedback on everything mentioned above is more than welcome (except on the word "unsureness" :-) )
Additionally, anyone have any suggestions for BTC exchanges that offer stop losses as part of their standard account (not a paid for subscription or as a CFD/leveraged trading account)? Exchanges such as Coinbase and CEX.io do not, and I'd be grateful for any suggestions.
Where will bitcoin go nextIt looks like BITSTAMP:BTCUSD was once again rejected by its descending weekly trendline currently sitting just below the 50% level of the move down since June 2019.
The Daily and 4 hour charts topped on or near a sequential 9 and bitcoins` correlation with the stock markets in recent weeks indicate a move down might be likely.
I expect if we close the weekly below the orange 55 SMA we will see a drop back down to either the red or green rectangles which are prior support lining up with the 0.382 and 0.618 retrace of the move up. Since the green area also has the 200 SMA moving towards and bitcoin loves the 0.618 fib level and has started the last 3 rallies from the 200 weekly simple I think this is the most likely target for a higher low.
UK100 - Breakout Imminent?Recent price action in the FTSE 100 has certainly been encouraging but it may be a little early to celebrate.
The pull back a couple of weeks ago was very brief and never really gathered any momentum. Moreover, broadly speaking price never held below the 55/89 simple moving average band on the 4-hour chart, which could be viewed as bullish.
Since then we've seen a series of higher lows and the index has broken and held above the 200/233 SMA band, another bullish signal, as it's traded below here since 20 January - surviving a few tests along the way - and we all know what followed then.
If the index can break 6,000 then any hope of a test of 5,450 - 50% retracement of lows to April highs - may well be lost and the bullish buzz may once again kick in.
This is a huge earnings week for the US, the next 48 hours or so of which will be pivotal. If stock markets can get through that unscathed, even encouraged, it could be the catalyst for another strong rally, with 6,200 being the next test but 6,500 the next key level.
UK100 - Late Rally Changes Nothing (Yet)We've seen a bounce in the UK100 in the final hours of trading on Monday but I'm far from convinced this changes the near-term outlook for the index.
Firstly, the MACD and stochastic on the 4-hour chart don't suggest there is enormous momentum behind the move, even if it is still early on.
Secondly, no key resistance levels have been broken. Of course, there's plenty of time for this to happen but until it does, this is still a chart that looks vulnerable to the downside.
Should the downside materialize, the same levels apply, with 5,500 being the first test and 5,350 below looking an important level.
As far as the upside goes, small gains don't change the outlook unless we see a clear break of 6,000. This would wipe out the previous highs and break the 200/233 simple moving average band in the process, at which point the outlook would look much more bullish.
At this point, 6,200 would appear to represent the next test for the index, with 6,500 being a major level above.
UK100 - Bear Market Rally or Market Bottom?It's been quite a 24 hours in stock markets, with risk appetite suffering due to a combination of factors including earnings and global recession warnings. This was always going to test this new-found bullishness in the markets.
As always, these may have been the catalyst for the sell-off but there will be other underlying factors as well. For example, just prior to stocks turning red, the Dow has made up 50% of those remarkable losses incurred in late February/early March and peaked around 24,000. It's not altogether surprising that this was viewed as a good time to take some cash off the table, especially going into an incredibly unpredictable earnings season.
Whatever the reason, the break of the trend line suggests the near-term trend has shifted and stocks may come under a little pressure. The 55 and 89 SMA band on the 4-hour chart could be an interesting first test, coinciding with prior support and resistance, potentially even triggering a little retracement to the upside. But if that's all it is - and I suspect it may be - the real test lies around 5,350.
This is the 50% retracement level of the move from the lows to this week's peak and could tell us whether this is a bear market rally or a bottomed market with strong upside potential. A break of 50% doesn't confirm the former, it should be stressed, but it would certainly strengthen the case. Below here 5,200 will be interesting (61.8%).
SELL USDJPY - DOWNSIDEFurther downside is possible for this pair after resistance was identified. Furthermore, looking at the fibonacci resistance fan, the price has fallen out of it's main upside trend as highlighted in red and is falling through the different fan lines. Support may be found at the 107.00 region, however it will likely be stronger at the 106 / 105 levels.
USDJPY 4H SAR/MA PULLBACK STRATEGYPrice previous Bearish SAR MA Setup.
1 - SAR above price showing Bearish move.
2 - Green 20 SMA crosses below Red 40 SMA confirming Bearish move.
Now price shows a Bullish Pullback with SAR below the price.
Showing Bullish pullback.
Waiting for a Bearish continuation move.
MA already crossed over showing Bearish bias
ENTER WHEN: SAR closes above price.
TP when SAR closes below price.
Find your own SL.
Rule #1- Apply Parabolic SAR system and Moving Average indicators to chart.
Rule #2- The Parabolic SAR Indicator must change to be above price candle.
Notice how the dots were below the price. The parabolic stop and reversal (SAR) formula showed us that the price stalled out for a few hours and then we are waiting for the dot to appear above the candle.
This is a sign that a reversal may be forming.
Rule #3- Another element that must occur is the moving averages must cross over.
In a short trade, the 20 period moving average will cross and go below the 40 periods moving average.
So now the 20 period moving average is below the 40 period moving average. However, something occurred that is notable. The dot then appeared below the price candle.
Since the moving averages are telling us that a downtrend is most likely going to occur, we will wait until the dot appears again above price candle to validate this reversal and enter a trade.
Rule #4- Parabolic SAR dot must be above price candle AND moving averages cross to where the 20 period MA is below the 40 period MA.
Note** One of these elements may occur before the other. The reversal dot can appear before the MA lines cross. Or the Moving averages can cross before the reversal candle. As long as there are both elements, the entry criteria are met.
Rule #5- Enter The Next Price Candle…
Enter (SELL) the very next price candle after the dot appears above the candle. Waiting for one candle after makes sense because this proves to us that this reversal is strong. The moving averages are supporting the downtrend + the dot is signifying a downtrend.
Rule #6- Stop loss / Take Profit
The stop loss you will place 30-50 pips away from your entry. Always look for prior resistance or support to determine a stop loss. In our example, a stop loss was placed 40 pips from entry.
Your exit criteria are when the 20 and 40-period lines cross over again. OR when the dot reverses appears at the bottom of the candle.
This trade would have been a +203 pip profit using the MA cross exit approach. Not too bad.
Some will get out of the trade when the dot appears below the price candle. If that was the case, in this example, you would have got +32 pips instead. Still not bad, but +203 pips sounds a lot better.
So basically you can use either exit strategy. This trade the downtrend was very strong so we stayed in until the MA lines cross. Determine where you are in a trade. If you are up +100 pips and the dot changes to reversal consider getting out then and taking your profit.
Note** Scalpers should not be using a 30 to 50 pip stop with this strategy. Consider your rules and adjust accordingly. A 5-10 pip stop may be more appropriate on that low of a time frame.
Rules for Long Entry.
Rule #1- Apply indicators to chart
Rule #2- Dot must change to be below price candle. This is a sign that a reversal may be happening.
Rule #3– Another element that must occur is the moving averages must cross over.
In a long trade, the 40 period moving average will cross and go below the 20 period moving average.
Rule #4- Dot must be below price candle AND moving averages cross to where 20 period MA is above 40 period MA.
Note** One of these elements may occur before the other. The reversal dot can appear before the MA lines cross. Or the Moving averages can cross before the reversal candle. As long as we have both elements the entry criteria is met.
Rule #5- Enter Next Price Candle. Enter the very next price candle after the dot appears below candle + MA lines cross and 20 period MA is above 40 period.
Rule #6- Stop loss / Take Profit
The stop loss you will place 30-50 pips away from your entry. Always look for prior resistance or support to determine a stop loss.
PYPL to long, 60m in Uptrend, 38.2% retracementCondition:
1. Downtrend line was broken by breakaway Gap (G1). Start a new uptrend.
2. 1/4/2019 weekly demand zone confirmed
3. 0.382 retracement,
4. Demand Zone (DZ),
5. SMA50 is support
6. price Gap up above SMA8 95.2
Makert buy at open 95.31: (or limit buy below 96 in first hour)
Stop 93
Target1: 110; risk/reward=1:4 (ABC pattern size of BC=XA)
Target2: 115; risk/reward=1:6
This is a trading school homework. I need 6 months to practice trading plan.
If you like it, thank you for your support. Please use SIM/Demo account to try it, until my trading plans get high winning rate.
How To Trade Moving Averages In a Volatile MarketCryptohopper Newsletter
Chart
Bitcoincash has made a swift recovery of over 70% from its lows this year on the 13th of March. The markets have been very volatile over the past month, and Bitcoincash is no exception. Over the past days however, the price has entered in a consolidation phase between $180 and $225. Trend following indicators tend to work very well in volatile markets. Moving averages are a good example of a trend following indicator.
Let’s dive into how you could have used moving averages to trade this volatile market!
Different Types of Moving Averages
As you probably know there are many types of moving averages, but what are the best ones, and how to use them? This is what we will explore in this week’s technical analysis.
Generally the slower and longer moving averages are used in order to catch the bigger moves in the markets. The slower and longer a moving average is, the more reliable its signal is considered. The disadvantage however is that you may enter positions too late, or that you exit positions too late as well giving back most of your profits. The slowest moving average usually used by traders is the SMA (simple moving average) . This moving average gives the same weight to all of the past closing prices.
Faster and shorter moving averages are then used in order to catch every movement of the price. The advantage of the faster and shorter moving averages is that you will be able to capture all of the market moves early on; at least earlier than the slower moving averages. However the disadvantage to these is that they give a lot of fake signals, so a trader may enter positions on trades that never comes to fruition. The fastest-moving average that is generally used by traders is the TEMA (triple exponential moving average) . This moving average reacts faster to price movements as it gives a lot more weight to the most recent data.
So, how can we create a trading system based only on moving averages, that works? This is what we will explore in the next section.
Moving Average trading system
As slower moving averages tend to give fewer and more reliable signals we can use one in order to time our entries in the market. This way we will limit the number of fake signals and as such our % of winning trades should increase. We can thus use the cross between the 10 EMA and the 30 EMA for this purpose. The EMA is slightly faster than the simple moving average as it gives more weight to the most recent data.
We can then use the TEMA in order to time our exits in the market. A TEMA can be useful as a sell signal, as it reacts faster than the other moving averages and will thus take the profit sooner. The advantage of using a TEMA is that you will exit the trade sooner, and as such you will not be giving as much profit back.
Both the EMA and the TEMA are available at Cryptohopper, along with many other different types of moving averages. Create your fully automated trading system with moving averages today, by joining us on Cryptohopper!
USDJPY - 4 HOUR CHART - UPSIDE / LONGNice upside position available for USDJPY today now that we have found support at 50SMA. Strong risk reward so there is added risk, but well worth the entry.
V reversal, if 289 could be Conquered quickly, plan to longThis is one of the images in my vision. I have provided another different image of Elliott waves. see attached link.
In this image, SPY might be a "V" reversal pattern. See left 3 samples in SPY daily chart: Dec. 2018; Jun. 2019; Oct. 2019;
SMA200 will become support once the price is above it.
"V" reversal is one kind very strong trending pattern. In all these 3 samples, "V" pattern created new higher high.
In such kind quick and big move, how to join the trend with low risk? Here is an ideal plan:
Condition:
1. SPY must go above 289 quickly, The high point marked as "B"
2. and down below 287; the low point marked as "C"
3. and go up again
Confirmation Entry: Stop buy about 288-290 (B-C)/4+C
Stop: about 284 ($1 below C)
Target: 312;
buy at 288: Risk/reward=1:6
buy at 290: Risk/reward=1:3.7
if Gap up above 290, let it go, don't chase. Risk/reward >= 1:3 is the minimum request in a trading plan.
AMD a possible Momentum Reversal, plan to long at 48Condition: If SPY could conquer the 290 quickly, which shows SPY in V reversal pattern.
If SPY is in side way or down trend, don't take this trade.
AMD is relatively stronger than SPY. It will have better chance to go up.
AMD price must go above 52 first, and down below 48; If AMD cannot pass 52, the next down target is 36 and 32 (two fresh demand zones below current price.)
Confirmation Entry: Stop buy 48 (Above SMA8)
Stop: 46 (under D)
Target 1: 55 (next fresh supply zone) risk:reward=1:3.5
Target 2: 60 (ABC pattern: C_leg) risk:reward=1:6
May be short for a while, but is 6000 strong support.BTC plunge has surprised everyone. Don't panic!
Watching SMA 180 and SMA 350 in the week period graph and its coincidence with old supports, two possibilities are presented here: Or BTC bounces in 6000 or it will visit the next support at 3500.
Let's see
Will the higher low be in this weekend?Will we get one more push down towards the area between the blue and yellow rectangles?
The green box is unlikely to hold since the daily Stochastic has already broken its trend. The daily RSI has a slight bearish divergence. The volume to the downside is increasing and the macD histogram is ticking down. The daily TD is currently on a red 8 meaning another 24-48 hours of downside are likely.
There is also twice as many longs as shorts on blockchainwhispers.com being a weekend we will probably see some whales push the price around liquidating over leveraged traders.
In the blue box the daily 55 & 200 SMA line up with support & resistance points from July, November and January.
The I see the area of the yellow rectangle as unlikely to be broken as the 0.5 retrace lines up with the 21 weekly SMA as well as the top of the daily ichimoku cloud and the bottom of the weekly ichimoku cloud. It is also strong support/resistance zone from September-October and again in January.
As long as we keep closing above the red rectangle I'm bullish on BITSTAMP:BTCUSD
(NFA/DYOR) BTCUSD: 2/10's close, and a look at several SMAs. We are staring at a fat red candle today at the time that I'm writing this (12:20pm EST). Here's my take on the 12, 25, and 200 day simple moving averages and their significance if the price continues to dip. Let me know what you think in the comments.
Very Important Cross Overs decide BTC MomemntumVery Important Cross Overs decide BTC Momemntum on daily chart of BTCUSD. One cross over between 10 SMA and 200 SMA. Second between 50 EMA and 200 EMA.
