Get started

1day

seeing a nice bounce right at the 1 day 50 maAs I anticipated, we would find support right at the 1 day 50ma...our previous bearflag consolidation had some bullish divergence on the 4hr chart and though it couldnt stop the bear breakdown it indicates that the correction may be close to over...Im thinking the 1 day chart 50 ma (in orange) could certainly be that. Currently we still haven't even touched it...turning around a quarter pip above it like the mob's herd mentality tends to do. I'm thinking we either bounce here, touchdown on the 1day 50ma then bounce back upward, sending a bear wick below the 50ma but inevitably closing above it...or maybe just one more breakdown from here. My limit buy was triggered at 6939 so I"m happy with my trade for now. But if I see the potential head and shoulders (with very little shoulders) look like it may trigger then I amout again until 6.1k -6.2 overall I think we would only see 1-2 more bear breaks downward before we turn back around but the golden cross is dependent on us not closing below the 1 day 50ma
BITFINEX:BTCUSD
by DrDovetail
5
We have broken down from a bearflag & through a big support liThe old adam and eve neckline we broke up from before was holding very strong support after the bearflag breakdown but could only hold for so long before it gave way. Are next 3 big supports are 7.3k the 4hr 200ma(shown here in blue) the 1 day 50ma and the 7k psychological. The bearflag breakdown target could send us all the way to 6.9 or even upper 6.8k. However I am hopefully that either the 200 on the 4hr chart or the 50 on the 1 day chart will provide us our much needed bounce. if we break under 7.2k however then 6.8-6.9 becomes a real possibility.
BITFINEX:BTCUSDShort
by DrDovetail
8
WTI Long EntryYesterday’s analysis: Support Cluster from Ichimoku Cloud, Bollinger Band, and trendline. Visible range > monthly 9. Just noticed that a monthly 9 preceded the last bubble. Patterns: Pitchfork Horizontal support and resistance: S: $67.10 R: $69.28 12 & 26 EMA’s (calculate % difference): 12: -4.41% 26: -3.21% MA crossovers: Bearish cross on 1h preceded sell off. Recent bullish cross on the weekly. FIB’s: 0.381 at $77.28 | 0.236 at $60.72 | 0.5 at $90.67 Candlestick analysis: Waiting for consolidation Ichimoku Cloud: D: fully bullish, expecting cloud to act as support at $68 W: Tenkan at $67.68 and starting to develop a c clamp TD' Sequential: 3d has called the last two tops. Shows major support at $66.13 and resistance at $72.37. Red 8 on the daily tells me to get fully positioned before tomorrow’s close. Currently bouncing off red 9 on the 1 hour. If we break back above $69.50 then it will be time to seriously consider entering. Visible Range: Good support at this level with very little built up resistance until $90. 50 & 200 MA’s (calculate % difference): 50: -1.65% 200: +8.22% 50 just started to angle downward. 50 period MA on 3d chart has been a final line of support for the bulls. Bollinger Bands: 1W: MA at $67.55. Bottom band lines up with 50 week MA very nicely. 3D: just cross MA to the downside. 1D: Wider than we have seen it in years. Bottom band is angling sharply upward. Trendline: Bottom end up bull trend at $66.23 Daily Trend: Bearish since 7/5 Fractals: DOWN = $63.6 UP = $74.75 Volume: Lowest volume we have seen since 11/23/2017 “As for me, I have no desire to carry the football from end zone to end zone. Just give me the territory between the 20 yard lines.” @PeterBrandt Yard line of trend: Start: $42 Target: $90 Field Lenge: $52 Current Price: $68.35 Yardline: 50 Conclusion: Volume has sharply decreased since 7/12 as price has pulled back. This indicates a dwindling amount of supply at these price levels. Visible range volume profile shows very little resistance between current price levels and $90. Recent bullish cross on weekly is a very good confirmation that this trend has room to go. There will be a support cluster from $67 - $69 due to: trendline, kumo support from daily Ichimoku Cloud, Visible Range Volume Profile, prior horizontal resistance turning into support. Bottom band of the daily BB, and the MA from the weekly BB. Red 8 on the daily TD' Sequential tells me to get fully positioned before tomorrow's close. Order currently set at $67.51. If price does not get there then I will be buying the next consolidation.
OANDA:WTICOUSDLong
by Sawcruhteez
1
1day Golden Cross developing as BTC bounces back to 1day tline. Staying neutral for now as we seem to have found a resistance at the 1 day charts t line(in yellow). We never hit the huge bounce support zone of 7,000 before this rebound so there's still a slight chance we could head back down to test it....however the 2 most optimistic signs I see right now is first, we are reaching the apex of a triangle that I think will most liekly break tot he upside, and secondly the 1 day 50MA(in orange) is heading upwards towards the 1day 200MA(in blue) and I don't expect the 200MA to suddenly start heading upwards since its gonna be factoring in the drops we had in January, February, and April pretty soon...in fact I think the only reason the 200 MA has stayed up this high to begin with is because it was still factoring in the uptrend from last year that led to the all time high...once the 200MA on the 1 day chart no longer stretches back to November or early December it will likely drop like a rock...but you can already tell with the 50ma(in orange) curving back towards the upside that we will be seeing a Golden Cross sometime next month. Once we get a golden cross on the 1 day Time Frame is when I believe we will officially enter back into the bull market. Everything in cryptoland is currently at a discount in my eyes and I'm hoping to enter back in at a wise time when we were below 7,100 was the most ideal time to reenter..however since we never tested that huge buy wall that's hanging out at 7k there's a chance we may drop back down one more time...I believe it's wise to ladder a small portion in right now, and then ladder in more if we dip to that again but I'm fairly confident we will be heading upward most of the month of June. . . and still stand by my mantra "To the Moon in June!" Stay strong make wise decisions, maintain nerves of steel, and keep your eyes on that 1 day chart golden cross scenario.
BITFINEX:BTCUSD
by DrDovetail
2