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200ma

AUDUSD Short projection Looking to see pricer continue its current downward momentum. Price closed last week at weekly support turned possible resistance @ .73995, 78.6%. Could see an initial push up as bull pressure slows, and bears take over. confirmation at the 50% level after break, will possibly open the door to short entries down to about the .72787, 127.2% level. Alternative: price could break trend line, and be carried up by 20ma, to test the area near the 200ma, before continuing downward. So a possible long before the short, might take place
Short
by BryanSr
Bullrun Continues but 1day 200MA resistance looming just above.Breaking the old Adam and Eve neckline(which turned into a triple bottom neckline) and triggering the breakout has brought us some of the most insane bullishness we've scene since last November-December. RSI and Stoch RSI levels have become seemingly irrelevant as BTC has ignored all overbought indicators and continued to rise. The breakout of that neckline has a projected target of over 15,000 so it's very exciting...however the most recent bullflag breakout target(in green) is just above the big resistance of the 1 day 200ma (in blue). Because of this I think we may wick slightly above the 200ma but ultimately find that the 200ma is able to hold resistance and it will likely send us back downward for our first real correction since this bull run began. However seeing as how btc ignored every indicator and has already effortlessly busted through major resistance line after major resistance line, this too could be yet another instance where it tears through the 200ma and continues skyrocketing upwards. We are well above the 1 day buy/sell line(in orange) so HODLing is the name of the game at this point. However if we do get a minor correction from the 200mas resistance that would be a good time for looking for the most opportunistic chance to buy the dip. I think if we do retrace at that point it will be simply to form a higher low and then we will be able to turn back to the upside afterwards and bust up through the 200ma from there. We can see the 50ma/buy/sell line is starting to finally curl upward like I was predicting it would many ideas ago...also we still have the 200ma on a downward trajectory now that it is no longer factoring in Decembers bullrun which could also help to make its resistance weakened and allow us to break above it more easily. then again the faster its dropping may bring momentum to strengthen its resistance too...will have to wait and see how it responds when we test it. Ultimately it's downward trajectory is a great sign because it means a 1 day golden cross is very likely to happen in early August or so which should finally kick the real bull market into gear. Keep HODLing and buy the dips is my bull market mantra. Thanks for reading and good luck in whichever strategy you choose for yourself! *not financial advice*
BITFINEX:BTCUSDLong
by DrDovetail
4
GBP/JPYJust want to point out that GJ is approaching the 200 MA on the daily and the 4 hr. Watch the price action on those, should at least get a sell scalp off it. Look to retest level, might get a very nice sell if you let some ride (managed properly of course). It is possible considering all this pair has done is w-x-y'd for like... ever... Obviously it is long right now, but price action is choppy. 200 MA confluence daily-4hr. All I can say to look for at this point is a small sell (off daily 200). Market is just getting kicked off. Hopefully I will have time to post some more specific trades midweek off price action, but I may not have proper analysis time until next week.
by thillygoosth
We hit our initial triangle breakout target; also hit resistanceAs I anticipated in my last idea, we would likely meet resistance once we reached the top trendline of the symmetrical Pink Triangle. This has now happened and we are currently consolidating into a bit of a potential bull flag or bart pattern. I exited as close tot he top as possible and have a stop buy back set up a few pips above the top trendline of the pink triangle. We also have the 4 hour 200ma (in blue) teaming up with the pink triangles top trendline to add more resistance into the mix. There's a decent likelihood here we could bart simpson back down to the bottom trendline of the pink triangle (creating a higher low) before bouncing up again. Also a good chance we could once again break upward from our current consolidation bull flag style. By exiting with a stop buy back a few pips above the triangle, it enables me to avoid any kind of dip back down, and the best opportunity will be if I can buy back in right at the bottom trendline of the triangle. If it decides to continue breaking upward however I have only lost a very insignificant amount by the time my stop buy is triggered and then I have far more confidence at that level we will continue to go up from there as we will have jumped most of the immediate sell wall hurdles. Just my own strategy and not meant to be financial advice of course. Good luck with whatever strategy you choose to employ and thanks for reading!
BITFINEX:BTCUSD
by DrDovetail
XAU/USD weekly Long TermGold counts out pattern and fib wise for one more up, every way I look at it which would make sense, breaking the high it never broke. When you look at the chart with nothing on it, it looks like a sell, but not when you consider the modern swings of the market. It is at the 50% retrace, approaching the 200 MA on weekly. It just reacted to the 800 MA on the daily. Don't just jump in a buy without a strategy and accounting for time frame. There was a 1 hr diagonal and but entry off the 50% fib and 800 on daily. I believe that to be the first entry on attempting for the swing, but I would think we would get more of a reversal pattern. This may take some time. But AudUsd did come of the exact level I indicated to the pip. If that was to keep going, Gold may too. At this point I would be looking for setups and definitely watching that 200MA on weekly, and the .618 level.
FX_IDC:XAUUSDLong
by thillygoosth
2
GBP/NZDGN broke out of correction and made a small pullback and is resting underneath the 1.236 fib extension. Yes, it is going up right now, but I would watch how it reacts to the 200 MA on the 1hr to see if you might get a flat down to that 1.618 extension level it never reached. That's what I would expect considering how this pair behaves and by looking at the lack of a classic GN reversal which are usually pretty choppy. I consider it to be in a downtrend but do expect a flag up at some point. You may get a flag for a buy, but those may be some good fast pips probably if it rejects that 1hr 200 to the 1.618.... Just saying something to consider. The whole point is that should not be a setup you lose money on if you know what you are doing. I know the pound is going up today, but "there's a big difference between winging it and seeing what happens, let's see what happens." ---MacGruber.
by thillygoosth
NZD/USD updateOk..... SO, look at the correction NU just made on the 1hr and compare that with the daily/weekly and train your eyes to see that. As of now, NU is coming off the 1.236 fib extension in a W-X-Y pattern, which makes sense (which could just be a bullish trend even though corrective looking). However, what doesn't make sense is the the length of the the last wave and the fact that I am use to seeing those do one more to break the high, or an "ending diagonal" if retracement/reversal is ready. I drew up a triple combo scenario which would line up with a higher period moving average cross, at which point we may even have a running flat signifying even more possible bullishness. My point is, it made a w-x-y correction, it was corrective. I don't see a sell setup yet. If it pulls down more it will probably do as my red trend lines say, thus producing a buy setup. Maybe is doesn't reach the 1.618 extension, however, it has to correct the opposite direction before I consider to take the sell down. I want to at least see it break the high it just made, or pull down and then make a bearish flag, then I will consider the sell. Can it sell down from here? Anything is possible, but I am telling you what I see as most likely... Double combo now...possibility of triple combo (even better for entry), until something changes.
Long
by thillygoosth
1
200 Day Moving Average switch from support to resistanceHaving lost respect for the 200 Day Moving Average by dropping under in early March, this trend line is now predictably acting as strong resistanc e. Expect further failed attempts to push above it over the coming months. Add the Moving Average to your own chart to monitor Bitcoin's progress... Please give me a thumbs up if you agree. If you don't, please write a comment explaining why? This analysis is for educational purposes only and not a recommendation to buy or sell. Always do your own research before trading.
BITFINEX:BTCUSDLong
by BCryptological
Somber 2014 comparisons: 200MA + massive RSI bearish divergenceAs you can see on the chart, the RSI bearish divergence that we see today is basically identical to the one we saw in 2014 right before the crash. Another important point of comparison is that right at this point, in 2014, BTC hit the 200MA and turned around... exactly like it did yesterday. Also, if you look around at the alt coins and try this same excercise, you'll notice the same bearish divergence pattern on the day chart for basically every single one of them. If you ask me, this isn't looking good. That said, if you have anything to convince me I'm wrong, I want to hear it!
BITFINEX:BTCUSDShort
by scaramucci
2
Death cross?If you look closely, using the 20-50-100-200 EMA, the 200 EMA is about to finally cross 100 EMA. When this happens, the 200 EMA will be at the top, followed by 100 EMA, then 50 EMA, and 20 EMA at the bottom. This is the hallmark of real bear runs in every market ever. Also, if we look at RSI, the price level is still lower than March, yet the RSI is much higher than March levels, even with the current dip as i type this. Also, although 4H charts show good bullish indicators on ichimoku kinko hyo, the 1D charts have always been slow to reflect those. When it finally did a day ago, it was conflicting with most of the fundamentals. If the bull run starts now, it would be really conflicting with previous BTC trends. Truth is i don't think anyone knows what is at play here right now. Best to take some profits if you have them and have those fiat ready in case the big bear comes.
COINBASE:BTCUSD
by LimKopi
LTC: FIbonacci levels are in playDear all, its been a few days since my last post on LTC (Litecoin is at an inflection point! Mar. 30) and I want to update based on current price action. Frankly I am not convinced that the recent run up is the start of a trend reversal just yet. For context please note that you are looking at candlesticks, each representing one day in a chart whose scope is just over 2 months. From the chart we can see 4 (highlighted by yellow ellipticals) instances where Fibonacci levels served as support; but were subsequently broken to the downside, and one (the latest) which has served as resistance. I am concerned we will break below 106 and am not sure if this will happen. In my post a few days ago I said I was entering with a view to selling at the levels LTC is at now and thus I think it is a sell now. As noted in the chart we must see an extension past the .786 currently serving as resistance per the fifth yellow elliptical. Volume on any such move will also be important because per 4 downward sloping magenta lines at the bottom of the chart we have seen decreases in volume leading to decreases in price and I'm concerned this pattern may repeat itself. Even if we extend past the .786 we could still be below the 200 day moving average. Within the current levels as long as we don't dip below 106 an argument can be made for being neutral. If you find this info useful please give this post a thumbs up. Lastly I want to emphasize the importance of studying contrarian views to your own. If you are long any given coin study short opinions and vice-versa, also be flexible and willing to change your mind, be like water.
BITFINEX:LTCUSDShort
by TNasr
3