CVC retesting important levelsCVC retesting 200 daily SMA, and support trendline almost 2 months long and also important support and resistance level... After this retest, we could expect a possible big move up or down, depending on the retest result... Watch this, could be profitable... Good luck traders
200sma
BTC knocking on 200 1H SMAMost afternoon BTC spent it battling the 200 SMA of the 1H chart. If BTC passes, then it needs to invalidate the hidden bearish divergence on the 1H & 4H charts to get to battle the 50k resistance.
If it fails, it’s a free fall from here to 47.6k then 44k if it doesn’t hold.
Personally I remain bearish on the short term unless BTC goes through walls stated above.
$BTC D-Wave 4h chart$BTC 4h chart has locked in the 5 wave pattern at the making of the C wave lower than A wave. The current C wave close being $44671.58 as in Coinbase data. The C wave down have also made the target (1.618 times the 5A move).
I am expecting a new 1-5 wave up pattern from here. That expectation would be crushed if we retrace pass the low of wave 4 at $37300.00. A reasonable retrace target (if we do retrace more) would be the 200 period average on the 4 hour.
This recent move down is partly due to $ARK reducing exposure to crypto related stock. I am still bullish $BTC from a perspective of swing trading.
The analysis is based on TD D-Wave theory by Mr. Tom Demark.
BTC Bouncing Around Between the 200 SMA and 200 EMA, Daily ChartThe chart shows the potential for some further sideways movement as a game of price ping pong plays out. Price seems to be respecting these two moving averages.
LUNA is Fighting to Reclaim the 200-day Moving AverageTerra (LUNA) threatens to reclaim the key 200-day simple moving average, which will signal a shift in the current trend. LUNA's price has successfully broken above the key 200-day EMA and the prominent psychological figure of $10.00, marking a change in the trend from bearish to bullish.
Price Structure
Starting with the May 23 low, Terra's price continued higher, printing a series of higher highs followed by a series of higher lows. Thus, the entire price movement can be confined within an upward channel. However, the recent break above the upward resistance channel signals more demand.
As per the technical definition, a break above the upward resistance channel signals a trend continuation to the upside.
Additionally, if we study the price structure that emerged from the all-time high of $23.30, LUNA developed an ABC price structure, which by definition is a corrective pattern.
In other words, there is a high probability we can turn higher from here, unless the ABC price pattern is part of a broader corrective pattern.
Moving forward: on the upside, the next level of resistance to keep an eye on is $13.25, followed by $18.80. The current bullish run will remain intact as long as prices stay above the 200-day MA on a closing basis.
Bullish on Cryptos recoveryHi,
The sellout was expected and I presented a basic chart for BTC months ago based mostly on a macro view showing that.
Now the same way I was bearish then, I am bullish now. I think in the year of trillion dollars per month printing, there is no reason why cryptos would keep selling here.
As you can see in the Total Market Cap chart, we have not only hit the 50% retracement from the beginning of the last impulse since last year, but we are also bouncing in the 200sma. That is quite a combination IMO.
I think we will trend higher from here.
We will see if it does soon.
NQ Power Range Report with FIB Ext - 5/27/2021 SessionContract - CME_MINI:NQM2021
- PR High: 13717.00
- PR Low: 13696.50
Evening Stats
- Gap: = N/A
- Session Open ATR: 234.15
- Volume: 21k
- Open Int: 231k
- Trend Grade: Retracement
- From ATH: -3% (Rounded)
Key Levels (Rounded - Think of these as a range)
- Long: 14104
- Mid: 12530
- Short: 12598
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.
Gold bears looking for a discount (Update 2)Hey guys,
An absolutely beautiful bullish week in goldyland with an excellent close 1830+ (above the 61.8 weekly fibo level) and we settled the '1805-gap saga' finally after 3 long months.
So what's next? The rip your face off-rally is here and it isn't going away for a while. I remain bullish on gold, and buying dips is the way to go as it seems we are heading to the next fibo resistance level at 1875.
For me the current gold price is too high to buy, but too bullish to short, so I will be staying out of the market for a well deserved break after hitting all my bullish targets last week. I want to see what goldy is up to next, as we are near a heavy resistance zone (1850 zone), which has been a strong support and now turned resistance + daily 200 SMA is chilling in the same zone.
After such a strong weekly candle, price needs to rest and find its next move and I am expecting a ranging week ahead with a bearish undertone due to the H4 bearish divergence. The COT-report this week looks neutral with both longs and shorts closed. Depending on candlesticks and PA, goldy should give us more clues about its next move in the next week.
Are the bearish candles strong & engulfing and are there signs of reversal patterns? Then a bearish reversal is near and we are looking at 1680 & 1650. Are the bearish candles wicky & slow in a bullish continuation pattern (bullflag or triangle)? Then we are looking at 1875 and maybe higher to 1900.
Ideally as a gold bull I would like to buy the lower fibo level around 1770, but I expect the bulls to defend their breakout and we wont see lower than 1795 (maybe a quick wick to 1785). As earlier mentioned it can go both ways from here and taking a 'friendly observer approach' seems the better option for now. After all, not trading is also trading 😏.
Stay blue,
Cesaro
moving average 200The analysis is based on BTC
In 1 day time
With strategy
moving average 200
Be profitable
NQ Power Range Report with FIB Ext - 4/16/2021 SessionContract - CME_MINI:NQM2021
- PR High: 14010.00
- PR Low: 13989.25
Evening Stats
- Gap: = N/A
- Session Open ATR: 232.75
- Volume: 23k
- Open Int: 209k
- Trend Grade: Neutral
- From ATH: 0% (Rounded)
Key Levels (Rounded - Think of these as a range)
- Long: 14104
- Mid: 12530
- Short: 12598
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.
Nifty Analysis: Short term viewPlease go through all the writings on the chart carefully and analyze it.
Nifty has broken the trendline since June, and it can be good shorting opportunity for upcoming days.
There are three strategies that can confirm the Shorting 1) Trendline Breakdown 2) Inside Candle 3) Next is 200 SMA Support, and has broken other important SMA Supports
Trade Carefully.
moving average 200The analysis is based on BTC
In 1 day time
With strategy
moving average 200
Be profitable
AIZ - Pushing HigherAIZ has provided a great buying opportunity after the recent pullback. Price got supported and bounced off the 200 SMA and the POC of Volume Profile, and has broken the Bearish Trendline with High Volume. The MACD is also Bullish which indicates that the upswing in AIZ shall continue. I will be targeting the recent highs as take profit.
TP2 - $1.740
TP2 - $1.855
Stoploss - $1.380
Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
Orsted double divergence + 200 MA supportPretty simple stuff
Seems like a hidden bullish (continuation) divergence have played out, though it failed so far.
However, a regular divergence is also playing out atm, and could be supported by strong support on the Daily 200 SMA
Dividend registration day is today the 2nd of march, and will be paid out the 4th of march.
URW - Trade PlanMy trading Bias for URW is Bullish as it has clearly bounced off the Support Zone and the 200 SMA. I expect URW to continue higher towards the Resistance Zone between $5.30 - $5.80.
TP $5.30
Stoploss - $4.15
Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
Low Risk Weekly DIA Credit Spread (5% gain on capital invested)I'm looking to enter a Put Credit Spread on DIA with the goal of collecting $5-$6 worth of credit per contact with a $1.5 wide spread. I'll be holding till DOE with the intention of growing capital invested by a minimum of 5% for the week.
-Current price is: $308
-Credit spread sell strike: $290
-Current price to sell strick: 6.2%
-Is price trading above 50 day SMA?: Yes
-Is price trading above 200 day SMA?: Yes
-Percent OTM if held to DOE upon entering, is: 92% - 94% of being OTM if held to DOE
-Technical analysis: DIA is trading above 50 and 200 day SMA which signals that we are in an uptrend. Our sell strick has been placed below .382 (292.5) fib retracement level. This price zone has held as support in the past I'm looking for it to hold again this week.
Let me know what you think. Have a nice day.