CONSUMER DEFENSIVE STRATEGYInteresting accumulation process has been developing over past session, bullish momentum will build up even more in case of candles close above 200SMA
200sma
BREAK & RE-TESTInteresting bullish structure developing on FIZZ as prices posted local short term new high, it would be interesting to go long at the third touch of the up trend line, since static support confluences with fibonacci level and 200SMA would act as a dynamic support.
200MA BULLISH BOUNCEInteresting test of 200MA from a weekly perspective that also confluences with a positive divergence over stochastic indicator, look for longs from a D1 perspective in order to target upper resistance level at 100.
RBLX finally broke outRBLX broke out after over a month of accumulation and chopping around 40-43.
Next targets are the supply zone around 50 and then gap fill around 59 and 200SMA around 61. Gap goes up to 66 so it's possible the stock will rally up there. We also have earnings on August 9th.
Bitcoin needs to break the 200 week!Hello Friends!
Traditional markets are closed tomorrow (6/20/22) and BTC might have an extra day for some positive gains/reaction rally. Be careful here, the macroeconomics are not supporting crypto or traditional markets.
Let’s look at some levels to watch. The 200 week ($22350) is the biggest level for BTC to target in the short term. $19,800 (December 2017 high) must be held to support any traction up towards testing the 200 week. If $19,800 can hold support, keep an eye on $21,940 on its way to the 200 week.
Also, keep in mind that this current drop is coming off a massive bear flag break. If this flag plays out fully, BTC can further drop to the $12K to $14K zone.
As always thanks for your follows, likes, and comments. Let’s learn and grow together. Cheers!
*This information and publication is not meant to be, and do not constitute, financial, investment, trading, or other types of advice. Do your own research.
Bitcoin 4 Year SMA. Best tool we have to call the bottom for BTCNotice the price action near the green & red lines. Look below the green line (23.61% Fibonacci), there are 2 grey lines and then the orange & the same thing when looking above the red line (76.39% Fibonacci).
History shows us that we rarely go above or below the red/green line, and if we look to the right, it looks like it's trying to break below. When price action bounces off one of these logarithmic fib levels.
That should be a very good sign that things are turning around. But you also gotta remember that anything is possible. With $BTC at the KEY LEVEL, fighting to stay above the green 23.61% Fib...
The FOM C meeting could send us the right to the bottom of the channel. Coming down to that orange bottom fib would be around $18,000 - $20,000 depending on how long it takes to get down to that level.
We also have the 4-year SMA (1460 Day SMA) being hit again for the 4th time since 2015 & each time we came down to the MA the bottom was in and we flipped bullish.
One last thing... My 4 Year, 200 Week, 1460 Day M.A (whatever M.A you like better) is a heatmap, and if we take a look we can see that we have now stopped printing the teal/light blue & we now are starting to see
some dark blue beginning to appear. This is just another signal to add more confluence towards the idea that we might have bottomed out & we could see a reversal in the not-so-distant future!
1 Hour RSI Bullish Divergence Could Take us to the 200 Hour SMAWe have Bullish Divergence on the 1 Hour RSI bwith a Shortening of the Thrust of Downward Price Action, it looks like this could be the start of a potential reversal atleast to test the 200 SMA
BTC $25K CapitulationUpdate on my previous prediction for BTC capitulation.
Usually that's a bounce off the 200SMA, but rather than just relying on lagging indicators heres some additional confluence towards that...
Looking at 2018 on the left, we can see that the December 2018 capitulation dipped to the 200SMA (yellow line), and also the first point of untested support on the volume profile (left green histogram and black arrow). Interestingly, that amounts to a 159% increase from the red volume profile "point of control" line to the bottom of the capitulation.
If we apply the same setup to 2022 on the right, we can see that the same capitulation setup could play out - $25K as the bottom would line up to the 200SMA, but also the first point of untested support on the volume profile as well as a 159% increase from the red point of control line.
Every cycle is different, but lets see what plays out. Will capitulation even happen?
📈🔜 Approaching next level in SilverVery basic TA here. After breaking the bullish breakout of the triangle pattern to the upper side, we are entering the next bullish move after taking out the resistance at 25.40 USD. Perhaps with a short-term correction and a re-test of the 200's SMA (red).
Siacoin: Weekly Double Bottom with Bullish DivergenceWe have broken above a Supply Line on the weekly after Double Bottoming at the 200 Week Simple Moving Average and are now looking for major follow through in the upcoming weeks.
Vinati Organic taking support @ 200 DMAHad entered @ 1995 with Sl of 1940 on closing basis.
Reason:- Inverse H & S pattern, Daily candle taking support @ 200 DMA
Bullish Gartley at 200SMA with Hidden Bullish Divergence on 4HRWe got Hidden Bullish Divergence on the RSI at the PCZ around the 200 SMA on the 4 Hour Timeframe
BTCUSD: Decision Time 2022The markets, while particularly jostled and unstable, are also as equally unsure. We've seen MASSIVE gains for both crypto and the stock market through 2020 and 2021.
But what will happen in 2022? MANY predict a continued downtrend. Some predict a massive crash. Others, fueled by hope, think much higher highs are to be made.
Is inflation bad for markets after all? Will war boost or stunt the market? Can crypto outpace Oil anytime this year? Is it time to buy gold instead? Keep your eyes peeled, friends.
Long PfizerWhile the overall markets have been beaten down due to inflation, rate hikes combined with high asset prices, and the war in Ukraine, certain assets have been certainly rising like fuel and commodities. I'm almost looking at Pfizer as a commodity at this point since they have become so integral in the fight against COVID. Who knows what the future holds for Pfizer or the possibility of a 4th vaccination round. Right now all I know is that the price is bouncing nicely off the the 200-day SMA for the first time in a while. I'm also inclined to believe that the markets are due for a lift back up soon, so this could coincide with that idea, or even lead the charge.
Opinion only, not financial advice.
BTCUSD/DXY^2 Repeating a Bearish PatternFor the moment, this is only an early indicator of a potential bearish price movement of BTCUSD. DXY is showing strength, while BTCUSD is also showing some support at levels 38k to 41k USD. However, DXY is outpacing BTCUSD, and because BTCUSD/DXY^2 is showing some signs of weakness, and re-testing historically bearishly on the 3-Day 200 SMA for BTCUSD/DXY^2, it stands to reason that, unfortunately for Bitcoin holders, there is still a chance for a final capitulation before we are able to move higher with strength and conviction.
I hope I'm wrong. I remain neutral, as does this analysis. But it can quickly turn very bearish very quickly (and hopefully we can just sail back on up afterwards). Stay safe, watch the warning signs, and see you guys in 10 years when Bitcoin's at 500k+! <3
No matter what, remember the fundies. Trade your best trades. Hold when you can't perform those perfect trades. And stay safe.
GARI in nice positionBroke descending trendline already and now GARI looks like it wants to go above 200sma on 1hr chart... and 200sma on the same level with horizontal resistance, so if break above this, it could be nice start for the next leg up... I don't need to say to you that the market is highly correlated with BTC these days and we need the king to be cooperative for this to play out... Good luck traders
Gala movingGala broke up from this descending resistance trendline, managed to close 4hr candle above it. Now right on next horizontal resistance at 0,3 and in limbo space between 20 and 200 sma on 4hr chart. Indicators ion 1hr are high, and we could see some cool off time, maybe even retest of the trendline or retest of 20 sma. Could be nice trade, but the real test will be break above 200sma. Keep watching this. Good like traders
Like is appreciated
BTC USDTPlease do not FOMO in, we might be near the end of this move up. A good sign for bulls is that we finally broke that big descending channel, but still, we need to see a retest of it. This is an interesting channel BTC formed now, so we could be near the top and back down, also 200sma is just above... Be smart and careful. Good luck traders
AUDUSD Short at the 200 Moving AverageGonna be entering a mini trade against the AUD at this 200 moving average here we have a slight bit of weakness on the indicators so im going for it.
NVDA About to buy"It's been 84 yrs.....He exists only in my memory" Looking to finally add this to my portfolio as it's starting to sell off. Probably looking to dip just below the 200 SMA and should bounce fairly well. Looking to enter around the 200ish mark if I'm not a scared little bitch to do so (when or if it get's to that point). If this whole sell of inflation/Rate Hikes continue this yr. we might be looking at 180 and 160.
I'll sell my mom or brother if it get's to 160 to buy even more at 160.
NQ Power Range Report with FIB Ext - 1/20/2022 SessionCME_MINI:NQH2022
- PR High: 15055.75
- PR Low: 14993.25
Evening Stats (As of 1:23 AM)
- Gap: = N/A
- Session Open ATR: 333.89
- Volume: 55k
- Open Int: 233k
- Trend Grade: Neutral
- From ATH: -10.0% (Rounded)
Key Levels (Rounded - Think of these as a range)
- Long: 16677
- Mid: 15333
- Short: 14961
Keep in mind this is not speculation or a prediction. Only a report of the Power Range with Fib extensions for target hunting. Do your DD! You determine your risk tolerance. You are fully capable of making your own decisions.
LINK may be about to wake up. Overtaking the 200 SMA.Link has overtaken the 200 day average and needs to overtake the 50.
The RSI and MACD and movement into the cloud indicate an upcoming move up.
Volume is lacking but may pick up as LINK makes it above the cloud.
Try to take opportunity in 30 Min + 200SMA + RSI We can take small opportunity in 30 Min + 200SMA + RSI
