Haven't posted any analysis in a while, been focusing on scripts and honing in a few things. With that said, figured I'd post a bit of mental masturbation before open in a few minutes. Currently we're sitting at a major infliction point and a major liquidity zone on a macro timeframe. We have the previous daily close right below Yearly VWAP at $2933, Yearly...
Strategy based on my Kijun Sen x PA Cross Indicator. Blue = PA Crossing Kijun Sen Upwards Pink = PA Crossing Kijun Sen Downwards
After holding above all major moving averages on high timeframes, seeing Price cross upwards through the Kijun-Sen and the reaction to this horizontal level. I believe this may be a break/retest and furthermore a Support/Resistance flip if BTC can continue to hold this 10,500 level ideally. A tick below yesterday's daily low would lead me to believe this idea is...
Providing we don't see a substantial dump in the next 3 days, we should get a Golden Cross on BTCUSD on the 2D timeframe showing the 50 EMA crossing above the 200 EMA for the first time since 2015 when BTC went from $295-$20k. This could be crazy, but the moves BTC makes are just as insane.. Cheers everyone
Statistically speaking, when the price shows two standard deviations in regards to the bollinger bands, it will spend less than 5% of it’s time there. When it gets 3 or more deviations, it will spend 1% or less of it’s time there. Note how BTC reacts when it deviates from the mean, tests the outside of the bands; and returns relatively quickly. I believe this...
Just had a very nice reaction to the 4H 21 EMA in the tone of a $250+ bounce in mere minutes. With that said, based of current and previous recent price action I believe we might see a move up back towards yesterday's previous high's which are confluent with the 200SMA and the .382 Fibonacci Retracement level. If we can indeed break the .382/200SMA on the h4...
Looks like USOIL could very well be seeing a double break/retest of the support level, if this level holds I believe it may establish support and move up to the next major moving averages.
As the title says, this confluence was so obvious it was almost slapping us in the face. We have price action losing control of the Red H4 10 SMA, with a cross to the downside on the Stochastic, along with a downward cross on the RSI + EMA. This set up a significant downward move which very well have more to go if the bulls can’t establish a support area. My...
Gotta love when that crazy TA stuff works ;) Clear support established, RSI + EMA & Stoch crosses to the upside along with the regaining of the mid-high timeframe major moving averages. Cheers!
Lets see how this plays out. We have 12H Stoch crossing to the upside, RSI + EMA Crossing up and a Bullish Engulfing candle on the 12H through 2D Timeframes.
I've been liking how BITFINEX:BTCUSD reacts to the mid-higher timeframe moving averages. After having missed the large down move over the last day or so (hindsight analysis on the chart as well); I was under the impression we might see a bounce off the daily 10 SMA due to the extremely large volume gap. Earlier today I placed a buy order just below the...
Similar confirmations to my previous post on EJ.. Lets see if they play out.
Aside from the meme H+S forming on the H1, EJ has lost the H4 10SMA, as well as the EMA on the RSI + EMA Indicator. Above on the Stoch we see the %D crossing downward over the %K indicating bearish momentum taking over. Interested to see how this plays out.
Let’s see if history repeats itself here.. Scrolling out you’ll also see another circled area to the left of the chart that played out a perfect M top. It seems the same is forming in this area at the moment and it appears that sellers have taken control on EU pairs after the recent news. Cheers guys and gals
Clear bearish divergence on the 1D and 2D chart for BTC. Thinking we see a bit of downside to at least test the MA.
Provided we don’t see a substantial dump within the next 1-3 days, we should see a Golden Cross on Bitcoin with the 50 EMA breaking above the 200 EMA for the first time in roughly 4 years, when BTC started the run from $295-$20k. I’m definitely no perma-bull, but it’s possible this could be the start of another parabolic run to a new ATH.