NEWS: BTC lost support on 55 EMA - is the bull run over?Since the weekend, BTC had been in a range between the critical 21 and 55 exponential moving average - the latter coinciding with the 0.382 Fib retracement level, and just below the psychological $10,000 level.
In the last hour the 55 EMA has failed and we are left with three potential targets:
$8000 at the 100 Moving Average
$7400 at the 0.618 Fib retracement level
$6000 at the 200 Moving Average
Most of us would agree that BTC has the potential to go to $100,000 and beyond over the coming years. But these things take time and should take time. Let me know your thoughts below... where are we going to next?
Here is the link for my free EMA/SMA indicator , which you can see has proved invaluable to tracking the bull run of the last few months. As long as we stay above the daily 21 EMA = the bull run is in action. Once we drop below the daily 55 EMA = a strong indication the current bull run may be over. The 100 and 200 MA then step in as the strongest and most respected of long term support.
Also save crucial space on your Trading View chart by utilising my RSI and Stoch RSI free indicator which overlays both in a clear and helpful fashion.
Please give me a thumbs up and follow me if you found my analysis interesting. This is for educational purposes only and not a recommendation to buy or sell.
Sma
Interesting..... Look at this 2 day.. Bullish Y/N?Was just messing around earlier and decided to check out what a two day chart looks like as well as a 3 day and wow.. Look at my chart and see where the FFT (colorful indicator) turned blue like that n the past and what happened after it started to trend up.. Now look at where we are today and look at how strong that movement up is!!!
Wow i think we might be going pretty high on this bull run...
The 3 day makes me feel even more confident when i say that!
I think we are in due for a little retrace but i dont think its going to be as bad as everyone predicting.. I feel like we are going to shoot up like crazy again one day soon.. (wouldnt be surprised if it were today.. But yeah I think bitcoins just crazy like that and doesnt like to follow regular TA and charting rules.. Obviously lol..
Crazy though huh?
Or what do you guys think?
3 Day
The perfect entry# Resistance broken
# Tested as support
# Buy signal completed (bullish engulfing)
I am entering at market price 1.72024 with
# SL below the engulfing pattern @ 1.71535 and
# TP higher up around resistance @ 1.74815
To learn the dynamics behind this trading strategy please join my mailing list at www.profitfxza.com
Always exercise good risk management. Don't bet the farm and don't invest what you can't afford to lose.
XRPUSD 4H DOUBLE DEATH CROSSChart has 50 sma, 100 sma & 200 sma
Price Action needs to be converging around SMA's
Step 1
50 ma cross above 100 sma and candle closed
Enter 1st trade @ 50% trade size
SL below sma's & wicks
TP you decide
Step 2
Price closed above 200 sma
Enter 2nd trade @ 50% trade size
SL below sma's & wicks
TP you decide
BTCUSD - Old Channel Top, no way that breaks!For the moment --- NO ALTS, JUST BTC. Sell between 6500$ and 7700$.
There is heave resistance from the old channe drawn in purple. People could soon come back to earth. There is going to be a massive shake off.
I expect it between the 20 and 28th of May based on TD Setup and Countdown in different Timeframes.
Actually if the 3D chart keeps up the great work, on the 25th of May!
D TD: 13 completion somewhen around the 20th of May.
3D TD: 9 13 Completion on the 25th of May and ends on the 28th of May.
4D TD: 13 on the 21th of May. 9 on the 25th of May.
5D TD: Hopefully not in another Countdown/Setup phase by than, because it gave us great signals so far.
13D TD: 9 13 Completion starts on the 24th of March and ends on the 6th of June
Also the Weekly 100 SMA at 6513$, where we could possibly wick through but not close above.
I can see Bitcoin going up, but I see resistance at the orange lI can see Bitcoin going up, but I see resistance at the orange line, that is the 400 day SMA and the white line beeing the 200 SMA... And as the chart shows the 50 SMA did crossover the 200 SMA not too long ago... I thnk in the next week maybe two we can see a golden cross in the #MACD, I hope #BTC doesn't take off to fast too soon... I would be happy to see a 10% per week in the next bull market...
How high do you see Bitcoin going in the next bull market?
XAU/USD 2019 actionGold has been well supported and comfortable above $1,280 since January this year.
In 2019, this area as visited 3 times only for 5-6 days at a time before rebounding aggressively.
Things are a bit different now as we have seen the first real attempt to break this level.
It did bounce right back up after a few days, reaching as high as $1,288; right now is back at $1,280.
A break out in either direction should be expected, always taking into consideration the fundamentals surrounding the metal, but a continuing consolidation for a bit longer should not be surprising.
Another attempt below $1,280 should be monitored with $1,270 (area of previous lows) and $1,250 (200-day SMA). If the drop continue and the RSI goes further below 50 then the bears can make a strong case.
On the upside, a reaction of the $1,290-$1,300 levels should be interesting, with the 100-day SMA being the first potential target.
EURNZD Tea Cups Pick Your PoisonCould go either way Unlike AUDNZD and GBPNZD the tea cup did not activate after High Impact news for NZD 03/26/2019.
GBPNZD hit SL MA also crossed so it was probable to lose.
I have Buy & Sell limits. Indis are leaning toward sells. Buy limit might trigger first.
Using:
MAX Tea Cups
-- Unreleased
MAX
-- Beta Unreleased Version
MAX Alert
Bitcoin Price Has Failed to Overcome These Points Repeatedly
Bitcoin price has been performing well recently. The last three weekly candles have closed with increases recorded and this week has brought the price of bitcoin back above $4000 and looks likely to close with an increase.
But bitcoin has risen to a point that it has failed to overcome time and time again. Since March of 2018, the price has failed to overcome a downward trendline it has tested on numerous occasions. The last significant test of the downward trendline was in November where price failing to overcome the trendline resulted in a depreciation of almost 50%.
Price is once again approaching this point and has been exhibiting similar behaviour to price action leading up to the November drop. Price has been consolidating since December forming both lower highs and higher lows. Similarly, the price was also consolidating forming both lower highs and higher lows in the months leading up to November. This may not mean that price is going to react in the same way but it does mean that the downward trendline deserves to be monitored.
Price has also found seller liquidity on numerous times over the past few months between $4070 and $4250. We will be looking to enter a short position just below this territory at $4060 if the price can continue to rise to this point. We are setting our stop loss above this territory at $4290. We have set this just below $4300 as there can be more significant slippage at psychological points such as prices with round numbers like $4300. Our profit target will be $3780 which will be just above the FTA we expect at $3768. Price has met support at $3768 numerous times over the past week. This trade gives us a risk to reward ratio of 1.22 meaning this trade needs to be right at least 45% of the time to be profitable.
Some further reasons we are taking this trade:
Price is trading at the monthly 50 EMA which it had failed to close above when the February monthly candle closed. Selling pressure came in to bring the price back below this point before February finished. The monthly RSI is also trading near all-time lows showing selling pressure has been high.
Price is also trading at the 200 EMA which seems to have acted as resistance on numerous times.
We will keep you good folks updated on whether this trade becomes active and how we manage it if it does. Let us know your thoughts in the comments and check out our newsletter to get analysis straight to your inbox.
Would we see 2500? (BTC Weekly Analysis)Hi everyone
Previously we found support on 200 SMA. You can clearly see the importance of 200 SMA on weekly timeframe . The reaction of price after the touch was not bullish and we got stopped on "~4000 emotional range (Small pink area)" + "200 EMA" combo. So After the dump on lower timeframes this week, It seems we are going to test 200 SMA again.
If current week candle close here or lower it would be so bearish and we would retest 200 SMA. Based on this scenario, Breaking the MA would be so likely and then we have the following targets:
- 3000 (~2980)
- 2500
Share me your ideas,
Good luck
Fib MA says daily market is ready for a short-term bullish swingUsing the bollinger band (15,3) and the WMA (15) that is part of my Fib MA script, on the daily chart you can see quite well the crossing point of those often represents a trend reversal in a small swing-level move; more of a slightly lagging indicator however, but in some cases along with using volume/momentum it can call it early enough to catch more than just a couple percent ROI.
Anyhow, for a better idea of the bigger trend, zoom out the chart a bit and observe what happens when the white bollinger band basis MA (15 candle) and the pale yellow WMA (15 candle) both pass above the teal SMA (24 candle or ~23.6% fib level of 200 candle SMA). You can see that it always means a big trend reversal is incoming or is already happening. These are the big swings to look out for which are intensified, naturally, when they coincide with the even bigger trend; the market trend.
The market has just started to make that exact move but there is a pretty significant resistance zone from around $4250 to $4675 on this chart. Breaking that area we could see a test of the $5250 to $5450 zone on this chart. Though with enough volume and market emotion, we could also go very quickly through these resistances; but if the market is more unsure, apathetic, and / or is experiencing more analysis paralysis on average, then we could see more consolidation type movement around those resistances.
Overall, in the short-term, I'm quite bullish, though I do expect us to come back under $4k sometime in 2019 for some time before beginning the next true bull market.
As I only have a free trading view account, all the trend lines I use for trading on every time frame are present on this chart. Here is a more unobstructed view of those indicators:
and the bigger trend where you can see previous swings in relation to my aforementioned strategy..
A SMA pair that still being the most profitable for 13 years!Hey there!
This is an example of how you can improve and simplify your trading decisions using algorithmic approaches.
Watching this video you can see that SMA 15/16 crossover trading system still being the most profitable combination for the last 13 years on daily AUDCAD.
The most profitable combination of the periods was obtained using Profitable SMA Crossover . You can see this indicator below the price chart. What is intresting is that it uses a decision tree-based algorithm under the hood to find and plot the most profitable SMA combination and that makes it stand out from other technical analysis indicators.
As I promised, this year I will work a lot on optimizing classical indicators and strategies.
Good luck and Happy Trading!
The SMA cross strategy In this educational idea I’ll cover the SMA cross strategy. I’ll will cover how it works, what my peripheral values are and how it can work for you.
The Simple moving averages cross strategy is a strategy where you buy something on a buy-signal of the indicator and sell it on a target, for example if you had 5% profit.
What is a moving average? A moving average is an indicator which helps you smooth out “noise” in a graph. The indicator is based on a formula you can find the formula below. You can add values to the indicator, let’s say you want a MA of 9 candles you just add a value of 9. You usually use more than one MA, I prefer using a 7 candle MA and a 25 candle MA. The thing I like on moving averages is that you can use them in any time frame.
What is a buy signal? A buy signal is created when the long moving averages (in my case the 25 candle MA) gets underneath the short one (in my case the 7 candle MA). When that happens a buy signal is created. When the opposite occurs it’s a sell order.
How to determine a target. Your goal is to make money, but how can you make as much money as possible with this strategy. You have to determine a goal, so an exit-position. Your exit-position is the hardest thing of this strategy, but you can use an average of what happened before. If the average of positive “breakouts” is for example 5% profit you can use 5% profit as target.
How to use a SMA strategy to make you money. Not all the SMA crosses will lead to profit, most of them are even false “breakouts”. So before you buy something on a buy-signal you have to wait a few seconds and watch what the price will do, when it goes up you buy, when it does nothing of goes down you do nothing. If you want to make money using this strategy you have to set a stop-loss, I recommend to always set a stop-loss not only for this strategy. You can keep your stop-loss really close to your buy order.
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UUUU - Could Go Either Way Short Term; Bullish Long TermClosed after a small bounce off the 50D SMA, just below the 100D. This stock has been incredibly correlated with the 50, 100 and 200D averages. Short-term, Wait to see which direction it breaks (above 100 or below 50) and long/short appropriately. Long term, still very bullish. Global uranium demand is only set to increase drastically, as well as being the only vanadium produced in the US.
The section 232 for Energy Fuels will be absolutely massive if approved and based on Trump's previous policy, that seems fairly likely. However, if denied it will destroy a lot of enthusiasm. The 232 was filed Jan 16th, 2018, and they were federally inspected a couple months ago. Once an investigation is started (started in July 2018), the final decision must be made within 360 days.