Expressive Subjective Predictions About BTCThere is currently an ascending channel and two different symmetrical triangle formations that we are in at the same time.
Although the support zone and trend for the lower band seem to hold the price tight, if the fundamental data creates a selling pressure, the targets of the relevant formation formations seem clear.
On the 4-hour timeframe, the 200-hour exponential moving average is clearly acting as resistance. Also, the Stochastic Relative Strength Index is likely to exert negative pressure.
Sma
GBPJPY setup Hi everyone ,, this is my set for GJ this week ,,
everything eplained on the chart along with a simple forecast ,,
if you like the idea give it a thumbes up , and follow for more ,,
TRADE SAFELE.
Further decline or range trend?Hello to all members of TradingView and my followers.
As you can see, Bitcoin is currently trading at the bottom of the $19,632 range (which is also resistance).
Even though the 100-hour simple moving average is at the $20,000 level, Bitcoin's efforts to break above the $19,632 level have been unsuccessful.
In general, Bitcoin's movement is under its downward trend line.
In the previous hours, we saw that the price of Bitcoin reached $18,800.
There are two major resistances to Bitcoin right now. The first is the $19,632 level, and the second is the 100-hour simple moving average line I mentioned.
Of course, the downward trend line is also considered a resistance.
As you can see, the green histograms formed on MACD; are tied to the buy signal on the chart. Although the indicator displayed a buy signal, buyers still struggled in the market.
Bollinger Bands portray the price volatility of the asset.
Until the powerful $18,700 support range is broken to the downside, Bitcoin can fluctuate between this range and the $19,800 resistance.
If it breaks, the situation will be different, and the movement towards $17,500 will start.
If it is helpful to you, please like it. If you have a comment, I'll be happy to know. Respectfully.
Ethereum ETHUSDT - Millennium Elliott Wave + 200 weekly MA!- As per my Elliott Wave analysis on the weekly scale, we have 2 impuls waves successfully completed and now we are missing the final impulse wave!
- ABC correction (Wave 4) can be done, because wave 4 should not overlap the first wave.
- 200 weekly moving average is currently acting as a very strong support!
- Also the price is currently sitting on 0.786 fibonacci retracement.
- If you take a look at RSI indicator, you can spot a bearish divergence from previous waves, which helps us to identify the Elliott wave structure.
- Looks like the bear market can be over and we are ready for another massive bull market!
- Check my related analysis for Bitcoin down below!
BTC to $18.500 Again at Micro TrendWhile our journey continues in a long falling channel, you can profit with the micro uptrend breakouts that are forming.
BTC has reached the correction dip at SMA 200WWe have a horrible day when BTC drops more than 10% and hits SMA 200W ~ $22.5K
I hope that SMA 200W will support the BTC price line now and we are at the bottom of crypto winter.
BTCUSD WEEKLY FIBONACCI TARGETSBitcoin weekly Fibonacci targets shows that this bear market is just a correction for next bull market which targets to 136k
Bitcoin Macro Outlook (Regression, SMA)Long-term price analysis using Log regression bands, 50-Month SMA, 300 Week SMA, and 10 year Fibonacci levels
SMA, EMA & Bollinger Bands on S&P500Current Price = 4072.17
💲EMA 20 = 4048.62 (below CP, Buy territory)
💲SMA 20 = 4022.81 (below CP, Buy territory)
💲SMA 50 = 4249.27 (above CP, Sell territory)
💲SMA 200 = 4450.25 (above CP, Sell territory)
💲Bollinger Bands = Middle Band SMA 20, 2 SD (4022.81) (below CP, Buy territory); Overbaught (4196.95); Oversold (3848.68);
🚀 Overall sentiment =
1. Go Long for short term trading,
2. Go Short for intermediate and long term.
Potential Gain
= 9.28% + 4.35% + 1.74%
= 15.37 %
Potential Loss
= -5.49 %
Quick Ideas Chart Patterns on MaybankQuick Ideas Chart Patterns on Maybank
Flags signals. price to surge up.
SMA 20, 50, 200 below prices signal a strong buy
Strength on Krispy Kreme $DNUT has seen very good signs of strength from the support of the 20SMA. Also you’ll notice that the RSI Is holding above the 14SMA while it sits on top of the 50RSI. With this being a newer stock on the market and many years in business. We could see the company making expansive moves to catch the eyes of investors moving forward.
I see a lot of potential in the company to keep growing into something more than just donut shops and store products.
50RSI 20SMA Today a 30% move was made to the 20MA. It also crossed over the 50RSI making the setup very bullish for tomorrow 5/26/2022
Is the SPY carving out a bottom? A Bollinger and MA study. In this video I discuss the importance of the 3rd standard deviation from the 50 SMA on the SPY, QQQ, and NDX. Details in video.
TLDR:
The SPY has found itself at extremes: The Stochastic, the ATR, and the 3rd standard deviation (lower Bollinger Band) on the weekly timeframe all show this.
Pull up the weekly SPY, add the Bollinger Band - go to settings: change the period to 50 and the stnddv to 3, add ATR, add Stochastic, add the 50 SMA - these will paint a picture of the extremes
Study the corrections vs the crashes, 00', 08', 18', 20', 22' - ask yourself: is this a correction or a crash?
Consider the extremes and consider the history of corrections/crashes and how they uses these extremes.
I have heard this argument A LOT last week: " The NASDAQ and IWM are already at -30%.....if the SPY is to go lower that means the NASDAQ may go to -45% and THIS is not possible."
---> I beg to differ, but recognize the importance of the Bollinger bounce. Look at the dot com bubble and the housing market crash, extremes can be used as a trend line for extended periods.
Remember, nothing goes straight down or up, there is always trending days/periods and range days/periods. It is best to be able to quickly identify which type of day/period you are trading in in order to ultimately use your indicators correctly.
Although I remain in the bear camp, I am absolutely open to the idea of a huge massive bounce here before the 200 SMA is tested. This bounce may come with a test of the 50 SMA in the 440's - where is goes from there I am not yet ready to speculate on. Since though I am remaining bearish, I do see a higher probability of the 200 SMA being tested before the real rally to the 50 begins. Either way, I do expect a rally in the near term, news and catalysts aside.
Please watch the video for a more detailed look, and please chart this out yourself to draw your own conclusions.....as these are ONLY my opinions and NOT financial advise.
Although Oversold, Most Major Market Selloffs Test the 200 SMA.Since1982, most market sell-offs approach, or briefly plunge, under the monthly and weekly 200 SMA.
This Chart Pattern Calls for Algorand $1.00 TargetThe technical chart suggests that Algorand (ALGO) has the potential to tag the $1.00 milestone again. The downswings since February 8 can be confined within a descending channel, with the swings getting shorter in magnitude and the momentum drying out.
Algorand Descending Channel
After reaching the lower support trendline, the ALGO price bounced, and we're now looking for a possible retest of the upper resistance trendline, which falls near the $1.00 psychological level.
The current bounce is also supported by the RSI oscillator, which broke above the 50 mid-level. The last time the RSI broke above the 50 mid-level on March 21, ALGO's price retested the upper resistance trendline.
The pattern, if confirmed, could set off a much larger rally in the coming months. However, for a meaningful reversal, we would need a daily break and close above the descending channel but, more importantly, above $1.00.
We also have a massive bullish divergence between the price and the RSI oscillator, which highlights the exhaustion of selling pressure. This is a significant price development because it has the potential to call for a potential bullish reversal.
Looking forward: We have to keep in mind that the overall trend is bearish as we're still trading below the 200-day simple moving average, and in terms of the price structure, we are still following a bearish path. However, we might be in the process of a reversal if the pattern highlighted above is triggered.
Bearish Momentum Has Stalled... Impulse Up Next?Bearish momentum seems to have stalled out. Even when looking back to 2018 and how we dumped at similar relative levels--we have yet to see much of a bullish shift in perspective, even with rising prices. This could be signaling some sort of bear trap. When you look at things from a perspective of strength--I am not convinced that bears have the strength at this time to push the price down lower.
Too many countries and institutions are taking a HIGH interest in crypto, let alone Bitcoin, the current king of crypto. Even when War was confirmed in Ukraine... why did we not see a harsher reaction from the market? Why are we still making higher lows? ...From 28k in 2021, to 31k when the year started, to now 39k after making a strong bullish impulse upwards, nearly reaching 48k once again?
Bears are starving. I don't see the strength. I'd love to be proven wrong.
How Golden Crossover Signal Can Send Tron to $0.10Tron (TRX) flashed the golden crossover signal, which is widely considered a technical buy signal. The bullish case scenario for this cryptocurrency is also supported by the higher highs and higher lows price structure which signals that an uptrend could be developing.
Golden Crossover Signal
Most traders only learn to follow the 50 and 200 simple moving averages. However, not many traders know that the golden crossover signal can also occur when the 50-day moving average crosses above the 100-day moving average.
Since the 100 period SMA is faster than the 200 periods SMA, we can detect a shift in the general market direction much earlier.
Price Structure
TRX's price is now printing a series of higher highs followed by at least two higher lows, which signals that we're starting to move upwards.
Additionally, based on the RSI oscillator, TRX made a new high in momentum readings which confirms the bullish sentiment.
Looking forward: There is not much resistance to the upside until the $0.10 psychological number. On the flip side, we have a strong support level at $0.058. As long as we stay above this support level, TRX has the potential to reach the $0.10 milestone.
The Case for Cardano to Drop to 50 cents Before BottomingCardano (ADA) has the potential to fall as low as $0.50. A major reason for this bearish scenario is ADA's descending channel, which the bears may try to tag again. This will be a classic break and retest price structure.
Descending Channel
A descending channel pattern has formed on ADA's daily chart, starting with the price falling from its all-time high of $3.09. The breakout to the upside has lost momentum, and now we have 3 bearish factors that align to call for more downside:
1. First, the bears have reclaimed the $1.00 psychological number after an initial failed rally.
2. Second, the RSI readings point lower as the oscillator is back below the 50 mid-level signaling bearish momentum.
3. Lastly, ADA's price is trading well below its 200-day simple moving average, which signals that we're in a bearish market.
Looking forward: The next major support to the downside comes near the current low of the year of $0.74. A daily break and close below this level will open up the door for ADA's price to test $0.50 and, subsequently, the upper slopping trendline of the descending channel.
Bounce from Lower Band of the ChannelAlthough Bitcoin does not currently bounce from the lower band of its newly formed channel, it seems that it will exhibit a steady rise towards the upper band of the channel in the short term. Although the daily and weekly stochastic relative strength index shows a negative stance, the 1-hour and 4-hour stochastic relative strength indices seem to indicate the expected rise in the short term. We are currently stubborn above the 200 hourly simple moving average and h/200ma will support us if we hold this level.
Trading SetupHi traders
in this post would like to share a trade setup i use for a while.
first - supertrand indicator
second - 20-50-200 sma indicator
for supertrand - click on indicators and search for supertrend - choose the 3rd 1 from the list u see.
change settings to - atr period - 5
source - hlcc4 - and atr multiplier - 1
now u have a system which will print out buy / sell signals.
combined with 20-50-200 sma - i take a position when price cross the 20 sma.
look @ the examples - sell signal + cross the 20ma
test it @ home :)
##this is not investing advise##
hope you find it usufull ...
good luck
Close-Sma/H-LClose-SMA/HL Price Level, Upper, and Lower Indicator.
GreenTS<WhiteSM BULLISH Momentum Indicator.
Predicting Bearish 1D XLMUSD 18TH Momentum.
XRP ANALYSIS (EXTENSIVE)Overall trend on a daily timeframe is downtrend forming a descending triangle (black line).
the major support line (0.78% Fibonacci retracement level is the $0.5546
on the other hand we are looking for a divergence where the "ASCENDING TRIANGLE" is forming. If it hold, price will breakout of the descending triangle and touch the nearest "local resistance" (black dotted line) of $1.00 which could retest or breakout and hit the other local resistance of $1.35
for the SMA & EMA trader (long term) the 30 Days RSI line is useful.
SMA & EMA 50,100,200,300Exponential Moving Average (EMA) & Simple Moving Average (SMA)
50 DAYS
100 DAYS
200 DAYS
300 DAYS
