BTCUSD: TD Sequential Long Trade On 3 Day ChartAnalysis : Price bottoming on a TD Sequential 9 at the 200 MA
Entry : $7,620 - A green 3 moving above the green 2
Stop : $7299 - A red 1 moving below the green 2 (-4.2%)
Targe t: $8595 - Horizontal resistance (+12.8%)
Plan : Tighten stop loss to break-even around $7,900 (100 MA)
Risk/reward : 3
This is what the TD Sequential has been like on the 3 Day chart since 2018:
200ma
Long term GOLDWelcome fellow Tradingviewers,
I am back with another long term view, after the last analyses followed my path to the point. We literally caught the trade from 1285 all the way up to 1557 giving us immense profits. If you are new to my channel you should check my previous analyses stating the areas said above. Please remember, that this is not financial advice, I am again only showing you guys my view on Gold .
If you guys like this analyses please don't forget to leave a Like and if you have any questions or thoughts let me know below!
Lets go for round 2 I guess!
Since the first analyses played out perfectly extending all the way to the end of the cup and handle we are now ready to start phase 2.
Monthly :
The last monthly candle managed to avoid becoming a Bearish engulfing candle which is slightly bullish, but still leaving more room for downside momentum.
Weekly :
We are slowly approaching the 50 MA weekly, the 100 MA is also slowly climbing to give us some higher dynamic support levels which is almost located at the 'heavy resistance' of around 1350.
The weekly ascending wedge broke out with the target around 1700-1750 if you have not seen it yet make sure to checkout my previous analyses!
Daily :
We are seeing that the 50 and 100 MA are starting to form a death cros s, which would indicate more downside momentum.
We are currently at the 1450 support, this one will probably not hold and we will see some more downward momentum.
The 200 MA is known as 'the last leg' of support and we are expecting this to be touched. We expect it to be touched because the death cross is showing us that there is room for some bearish momentum.
The 200 MA is located around 1400 and this will probably elevate a bit between the 1400 and 1420 zone, which currently is the highlighted buying zone.
Ideal buying zone would be between the 200 daily MA and the 50 weekly MA, we are expecting a lot of buy orders between 1420 and 1400. This is where we believe the second rally will start.
We are still waiting on clearer signs for entry points, we still need the 'trigger' to enter a position.
The trigger wil usually be a clear pattern or a candlestick conformation.
If you guys liked my analyses or have any comments please leave them below I will answer them asap.
Lets hope that this second analyses follows our path like the first!
Kind regards,
Forallcrypto
Have we all been looking at the wrong BTC chart?A glimmer of home in these bearish times. Whilst the bounce in late October came off the 200 weekly moving average in the BTCUSD charts, once we switch to the CME Bitcoin Futures chart (who promised to "tame" Bitcoin) it takes a different significance - with a direct bounce off the 200 daily moving average. All CME gaps (due to large weekend BTCUSD price movement being missed by CME when it is not open) eventually get filled, so do not underestimate the influence of CME Futures on BTC price movement. Incidentally, CME Bitcoin Futures still has a gap at $11695-11795 and history would dictate that one way or another we will revisit that area - even if only in a CME wick spiking up.
The CME daily 200MA is exactly where we struggled during the spring bull run, exactly where we found strong support in October, and it just happens to be exactly where we are right now.
Whilst most other technical analysis would suggest we are going to $6750 (then further down into the $5-6k range), if the CME daily 200MA holds it could well prove to be the support and excellent entry point of the next bullish move . Keep an eye on it.
Save crucial space on your Trading View chart by utilising the free RSI and StochRSI indicator which overlays both in a clear and helpful fashion. Add the essential 50, 100 and 200 moving average to your chart too.
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.
Silver 200MAI am watching silver on the 15-minute chart. Will it get rejected by the 200MA for the third time in the past six days? If so, expect a strong move downwards like the previous two times it's been rejected, pointing to a weaker silver price. Also, pay attention to MACD during the past two rejections, always quiet before the storm.
BTC Mega-pump hangover into the HolidaysLike my last idea stated, we pumped. That pump was of course more aggressive than I anticipated, so it changes the outlook a bit, but not the mid/long term.
Over the next week or two we will grind towards ~10k, touch it, find support around 9600-9700, volatility will die off and basically go sideways for a bit leading up to Thanksgiving.
This will occur mainly because of the rising 200 MA on the daily (which has been rock solid as far as support and resistance) and the downtrend line from 14k converging finally. Except that patented price squeeze / volume dropping as the BTC whales prepare to shit out the price to the downside.
Then, while you have a face full of turkey, BTC will dump hard and liquidate your happy holiday. :D
Also, check out my website:
bitcoinbattlefield.live
It's a live price tracker for Bitmex with a lot of other information, as well as myriad of audio queues for different price action occurrences.
Bitcoin is trading above the 200 Day MA, for now!wOw, if you look at the downward sloping trendline that I've colored blue, you'll notice it's the top of the descending triangle we were trading in before the capitulation around sept 23rd. Right when the FED launched QE 4EVER & loaned a Bank charged under the RICO 52 Billion dollars in one night, probably to short Bitcoin in fear of what Bakkt would do to the price.
Anyway, Bitcoin jumped over that 200 Day MA, but we will stay over? Anytime Bitcoin has been in a bull market throughout its history its traded above the 200 Day MA.
Time will tell per usual.
Bitcoin - In the next 24 to 48 hoursAs traders what we want to know is if we have hit the bottom or if we are going up, or are we going to fall some more. On the post I did on the 22nd I told you we were going to fall in a matter of hours and we did. Check this out, there are 3 keep spots we need to keep an eye on to see if we are going up or down. I know the answer but I would like to hear from some of you. The chart above shows you the new battleground. If BTC goes and closes below either of those support lines in green that will show weakness and it is time to go down some more soon. If for the last few months we've done nothing but lower lows and lower highs what should your trade strategy be?
This is the next thing to keep an eye on:
If the yellow trendline 50MA goes under the white trendline 200MA (Which is almost a done deal) then we are going down.
This is the last place to keep an eye on:
If we close a candle under the green trendline that means we are going down as well.
So the specific question is this: Would you put money in right now?
THE TREND: Going Down a little more
THE OUTLOOK: Safe to buy a percentage of BTC wait a bit more to buy-in.
Another Bearish Bitcoin Indicator: 200 EMA & MA BearcrossA quick look at the projected 200 EMA & MA bear-cross on the Daily chart. From the March 16th 2018 bearcross at $8,273, the bullcross didn't occur until over a year later on April 4th 2019 at $4,911 after a 40% correction. The current gain in price since this 2019 bullcross has been 60%. Unless the price moves above $8500 within the coming days, the EMA & MA bear-cross is due to occur by the end of the week.
Many traders complain that due to Bitcoin's volatility the MA bull & bear crosses on longer timeframes are delayed indicators, while others prefer to utilize the EMA's (Exponential Moving Averages) for this reason. Here you see the value of trading the 200 EMA & MA bull & bear crosses. Note that following the 2018 bearcross the price first increased by 20% to the 200 Day MA, before signaling the longer-term downtrend.
If Bitcoin Repeats History?
Part 1: Descending Triangle Looking Similar To 2018
Part 2: Measuring The Move of the Descending Triangle Breakdown
Part 3: A repeat of 2014? Worst Case Scenario A $2,500 Low
Part 4: If Bitcoin Repeats History? Extrapolating 2012 Breakdown
Part 5: If 2017 Descending Triangle Repeats? Best Case Scenario
Part 6: If Bitcoin Repeats History? Monthly TD Sequential Red 1
$TEAM Is A Swing Trade After Holding Key Support $TEAM held the key support level of $120 during yesterday's $WDAY selloff. The 200-day moving average of $120.32 held as the low for the day was $120.41 a share. We expect a strong bounce over the next few days as a swing trade.
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As always, trade with caution and use protective stops.
Good luck to all!
BTCUSD Critical Level to break for Bullish Continuation! Hello Traders!,
An update on Bitcoin today, testing a very key resistance zone with multiple technical confluences. We have had a bullish daily candle close right below the 200 MA after trading in range bound in the orange box. Bitcoin will be extremely bullish if it breaks above this zone after an initial triple bottom…
Points to consider,
- Price testing parabola trend
- Local support at $7800 area
- Major Resistance at
o 200 MA
o .50 Fibonacci Level
o Structural Resistance
- Stochastics showing upwards momentum
- RSI reaching resistance
- Daily volume right below average
Bitcoin is trying to push further up in price but is being held by extremely heavy resistance. Price is testing its current parabola trend line, if respected, will put in a higher low, which is very bullish.
Local support currently is at the $7800 region, price has tested this area multiple times, putting in a clear triple bottom before this recent bounce.
Major resistance is in confluence with multiple technical indicators such as the Fibonacci and the 200 MA. This is a very critical area for BTC to break as it will confirm continuation of this overall bull trend. A rejection will most probably push BTC back down in the orange box and retest the triple bottom. This will be a very bearish sign as the more times a technical level is tested, (Support or Resistance) the more prone it is to break…
The stochastics is showing upwards projection, bulls still have more upside momentum stored as it is not overextended. The RSI is currently approaching its resistance; a break of its resistance will increase the probabilities of the bullish scenario.
Volume is very key at this critical point in the trend, we are trading right now just below average, a bullish break needs to be accompanied with heavy bull volume as this will rule out any chances of being a fake out…
Overall, IMO, BTC is more probable to break the 200 MA as the recent pump has held its ground from its triple bottom formation.
We will have a very good trade opportunity if and when BTC breaks this major resistance level…
What are your thoughts?
Please leave a like and comment
And remember,
“The desire for constant action irrespective of underlying conditions is responsible for many losses in Wall Street.” – Jesse Livermore
$PSG testing the 200wma (observation)PSG is testing the underside of the medium term trend line which acted as support since 2015. Recently we have seen the price of PSG run up to test this trendline which failed as support during August. What is also interesting to note is that in 2018 the 200 week moving average (green line) acted as support twice which could now act as resistance on this test. Not making any brave calls here but just an observation of the importance of this level we are currently facing. Should the stock not manage to clear the 200 wma (currently R226.62) on the weekly close.. then watch for the possibility of another move lower in the share. Of course, a close and break above the 200 wma will be important in reinstating the bullish picture for the counter going forward.