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200sma

EUR/CHF CLOSE BELOW WEEKLY 200 SMA ShortIf anyone likes to trade off of the 200 sma this is a good trade to take, this is the first time price has closed below the 200 sma for a long time. We can watch the upcoming week and see if price retests and bounces down, or if price retests and shoots up through it for a bull run. Either way this is definitely something I will be watching heavily this upcoming week. If it shoots down like expected I think it will go down to the last low of about 1.0630 to test.
Short
by TradingWithCody
When will the EURUSD Breakout?Last post: March 14th 2019. See chart . Review: Bearish overall, still in consolidation but looking weak. Update: Price continued to weaken but failed to break below support and is still moving sideways. Conclusion: Standing aside until we get a break and close below the March low below looking for shorting opportunities. Any comments or questions, do not hesitate to leave them below. Give us the thumbs up if you share our sentiments! Sublime Trading
Short
by Sublime_Trading
FTSE 100 Remains Bullish Going Into AprilLast post: March 18th 2019. See chart . Review: Price had just broken through the daily 200 simple moving average and we were waiting to see whether price would remain above it. Update: Price did move below the daily 200 simple moving average but has since moved back above it and is looking strong. Conclusion: We want price to continue to create higher highs and higher lows. Any comments or questions, do not hesitate to leave them below. Give us the thumbs up if you share our sentiments! Sublime Trading
TVC:UKXLong
by Sublime_Trading
Bitcoin at crucial decision pointFor the last couple of weeks, Bitcoin - BTC has been in a steady uptrend that seems to now be coming to a close. Above us, the 20 weekly MA is closing in and if you take a look at the past few months, it has been a resistance that BTC simply could not pass. On the contrary, during the bull market the 20 weekly has proven to be an extremely strong support and prices bounced off of it every single time. In short, it is a very important MA that demands attention. On the other hand, we can clearly see that the 200 weekly MA has provided crucial support after the 6k level broke and is now slowly rising, currently being somewhere in the 3400s price range. It goes without saying that it is a very significant average and one that, in fact, has never been broken in all of Bitcoin´s history. With that being said, both of these moving averages are coming to a cross which means that Bitcoin will HAVE TO make a decision on where it is going next. Sideway movement betveen both of these MAs for the next couple of months is extremely unrealistic as that would mean prices would move move between both MAs, literally in a 200 dollar range or so. If we excluded sideways movement the question is: up or down? Unfortunately, the weekly stochastics are signaling a big warning. We are about to have a bearish cross down and if we assume that the prices cannot trade sideways in such a tight range the obvious conclusion is that we are going down. Make no mistake, if 200 weekly MA breaks and price closes below it we are due for a wild ride. This scenario is supported by the fact that we appear to be forming a pennant and in a bear market, guess in which way do these pennants generally break? That´s right, to the downside. Can we break to the upside? While certainly everything is possible the question is if it is likely? With weekly RSI facing heavy resistance at 40 and stoch RSI having a cross to the downside the answer would be a firm no. I am going short on this one and will look to buy Bitcoin at sub 2k levels once final capitulation has happened. P.S. Forgot to wrote, volume is heavily declining, which could indicate that volatile price movements are just around the corner
BITSTAMP:BTCUSDShort
by Bluewhere
1
1wk 200MA Strong Support vs Strong Resistance of 1wk 20maOn the weekly chart we can see the weekly 200 simple moving average(in blue) has provided amazingly strong and as of now unbroken support. On the flip side of the spectrum, we can also see extremely strong resistance from the 20 week simple moving average(in orange) we have had 2-3 months here of very little volatility but we can see that both of those strong moving averages will be converging soon most likely resulting in an extremely volatile breakout either upward above the 20 weekly or a big breakdown below the weekly 200ma. Considering the price has already broken above the 20 weekly moving average a couple times, that is favorable for the 200ma being the one that holds support and breaks above...however we can also see on the weekly stoch rsi that we are very close to a bearish cross on the weekly stochrsi which adds to the probability of the 20 maintaining support and the price action instead breaking down below the weekly 200ma....either way the decision is gonna have to be amd one way or another very very soon here and currently both the bulls and the bears have a very good chance at prevailing here...keep a close eye on boh of these weekly moving averages the enxt few weeks here because they are currently the main event heavy weight matchup in crypto.
BITSTAMP:BTCUSD
by DrDovetail
BTC:USD Weekly EW Counts with SMA & SAR Support/ResistanceWeekly Timeframe Forecast: Since December 2018 where we bottomed at 3122 and topped at 4236 we've been on a complex corrective structure, which leads me to conclude we're in a B wave formation with a possible C Wave in the works. Here's why: WXY Pattern to retest December 2018 lows ABC Correction to retest the highs at 42K. A possible Ascending Triangle formation (a double top). A wave height extending 1.618 from a B wave ending at 1.272 Fib extension from our recent top at 4190. Sideways Action to test SMAs: After the impulsive drop on Feb 18th, 2019 we're pushing upwards to test the 20W SMA and break through the weekly SAR points along the way (which we haven't done since July 2018). Expect a rejection to retest the 200 SMA (which converges with the ascending trendline of the Ascending triangle and the 1.272 Fib extension from our most recent top at 4190). Confirmations: A bounce off the 200W SMA, a break above the 20W SMA (which we haven't done since July of 2018) and a push above the ascending triangle will confirm this ABC corrective pattern and will catch price up to the 50W SMA. Expect a massive rejection there. Invalidation: A break below the 200W SMA and the December 2018 lows will invalidate the Ascending Triangle formation and the ABC corrective pattern. Thanks for reading. Good luck trading.
BITSTAMP:BTCUSD
by tvlester
DOUBLE DEATH CROSS STRATEGY WTI CRUDE STOCKApply these SMA Indicators on your chart - 50 - 100 - 200 Step #1: Wait for the 50-day EMA to cross below the 100-day EMA. The two moving averages also need to converge with the price action. If we get the crossover of the 50-day MA (blue line) and 100-day MA (orange line) at the same time the price is testing those moving averages, that’s the best-case situation for a trade because we can define the risk. The rule you need to keep in mind is that when the MAs converge with the price you have to get ready for the ride because it is going to get BUMPY! Step #2: Multiple entry strategy: Sell 1 when we close below 50-day MA and 100-day MA. Sell 2 when we break and close below 200-day MA. Using multiple entries to improve your average entry price can be the best way to approach the death cross signal. Scaling in to a position is our preferred trading method when looking to capture large price move in a currency pair. The fact that the price was near the death cross signal, it created a tension in the market that eventually will lead to a sharp move to the downside. We pull the trigger on the first half of the trade once we close below the 50-day and 100-day moving averages. If at the moment when the death cross developed we’re already trading slightly below the two moving averages, sell at the market the moment we close below. The second half of our position is entered once we break and close below the 200-day moving average. Note* it’s important to remember that the success of the death cross signal relays on this simple trade secret that price and the two moving averages needs to converge. Keep it simple stupid is not just a simple aphorism, but it’s an old truth that can make the difference between losing and making money trading. This brings us to the next important thing that we need to establish for our long-term trading strategy, which is where to place our protective stop loss. Step #3: Hide your protective Stop Loss above 50-day MA and 100-day MA The most important thing we need to define when trading is our risk. If you want to be a profitable trader you really need a limited risk. This is the type of death cross trades that we want to pull the trigger on. If the price were to move back above those moving averages, we can safely assume this is yet another false trade signal. In this trade case scenario, we’re risking a little and our reward is potentially much bigger. So, the best place to hide your protective stop loss is above the 50-day MA and 100-day MA. Step #4: Two-step process for the take profit strategy: Mark on your chart the high of the candle when the 50-day MA crossed below 200-day EMA. Take profit when this high is broken. Our take profit strategy might seem a little bit complex, but once we break down the steps you need to follow it will make more sense why we’ve chosen this approach. The first thing you have to do is to remember what we said in the beginning of the article which is that when the price doesn’t converge with the two MAs this is a death cross false signal. In our example below, we can observe this type of price action. Now all you have to do is to mark the high of the candle when the death cross happened and take profit as soon as the high gets broken. Note** the above was an example of a SELL trade using the death cross strategy. Use the same rules for a BUY trade – but in reverse, in which case we have the golden cross trading strategy.
NYSE:WTIShort
by Tradingstrategyguides
EURUSD weekly update, falling wedge!The first week of 2019 saw ranging between 1.15 and 1.13 levels. Next week should be back to normal volumes of trading and technicals. From a weekly perspective price failed to close below the 200 SMA on multiple occasions. As long as the 61.8% fib level holds this is still a pullback from an uptrend. Looks more and more like a falling wedge formation and technically should break on the upside. First confirmation should be a close above the 1.15 level. MPO should take us back to the highs before the sell off in April 2018. ADX shows that there is no strength in the trend, but it is moving back above level 20, could be the first sign of trend move returning soon. Next week, USD non-manufacturing PMI and CPI, also Powell speaking on Thursday, should give new indications into future USD behaviour. Please comment/like and share your thoughts on this! Have a great trading week!
by Antonio_trader