20ma
GBPUSD - WHY the market is going to BREAK the Resistance Hi Traders!
The market is in a Long-term Downtrend, but also in a Shortterm strong Uptrend.
As you can see the price is at the moment at two Resistances:
The descending Trendline which is a Resistance and
the Resistance where the market is now.
We predict that the market is going to break the Resistance(s).
Why?
First of all let's check out which values are giving Support to the market:
The ascending Trendline and
the 20MA the market is respecting.
Now this is of course not enough.
Let's see what the behavior of the market is:
If a Retracement is strong, what does the market do normally?
It bounces back from that Level.
But look at the candles now.
They seem to stick on that Resistance.
This is often an indication for traders, that the market is going to break a particular Level.
We recommend to trade the Breakout with a Retest to avoid False Breaks!
Thanks and successful Trading :)!
EURUSD - Broke important Level - What to do now?Hi Traders!
The market is in an uptrend.
As you can see the Resistance 1.10000 was a psychological important level for many traders.
From there the market often turned back.
But just a few candles ago the market broke out of this level.
Of course there was a big fight between Bulls and Bears, but the Bulls finally won.
At this moment the market is moving in a Parallel Channel and it is at the Top.
The Stochastic is also overbought.
Because of these two confirmations we are waiting for a Pullback and Retest of the 1.10000 Level.
But there are many values wich give also Support to the market. They are:
The Channel
the 20MA
the 50MA
the strong bullish Price Action and
the trend.
We recommend to wait for another Pullback for a better entry.
Thanks and successful Trading :)!
BTCUSDT Rocket territory looming 20 week Moving Average
Get ready to put on your moon boots, yes we will have a retrace. But don't get too keen yet as there is still 4 days to go before the week ends. But IF price action does close at 24:00 UTC Sunday above 20 MA, yes you certainly can expect more upward action toward the halving.
GBPJPY - Trend Continuation - EASY Trade SetupHi Traders!
As you can see the market is in a downtrend.
The market made a big bearish trending move.
It started around 145.000 and has fallen to the area of 124.000.
During this session the market respected the 20MA.
After that the retracement move started.
The market has risen until the resistance area at 134.000.
Now the market is consolidating in a tight range.
It is moving around the 20MA.
This is a good setup for many traders, because the more "tight" a market moves, the more "explosive" are the Breakouts.
That's why we recommend to take the trade during high momentum.
BONUS SETUP : There are also chances that the market makes a trend change.
If the market is going to do so, it'll have the break the consolidation area to the upside.
So, if the market has enough momentum we'll buy the breakout upwards ;)!
Thanks and good luck :)!
BTC Rallying above the Daily 200 MAThis is BTC Technical Analysis.
Current price is in the $7400 region, which is up around $400 since the day started and is currently rallying.
The BTC price action has been in the low $7000 range, since around about the 23rd November (wicking down to around $6400 &, up to the $7800 levels at times).
The current macro trend remains as a downwards since the "blow-off top" in June 2019 (from June's high of around $14,000, down to September's low of around $7400 & high of around $10,000; & December's new local low of around $6400).
Due to the current range trending, Traders can wait for a breakout of the current ranging price action upwards, to reach for a turn of the trend, from trending-down to up; or a continuation of the past trend which is downwards.
Signal to identify a turn of the trend from Downwards, range-trending to, Upwards trending.
When the 20 Daily Simple Moving Average gets above the 200 Daily Simple Moving Average, and the Daily candle closes above the 20 MA which is above the 200 MA - This signifies that potentially stock could start to aim for higher highs and reveal going long opportunities for Traders!
Signal to identify a continuation of the Downwards, range-trending to, continue trending Downwards.
When the 20 MA gets rejected by the 200 MA (the 20 MA comes up to cross over on top of the 200 MA, but it instead remains below the 200 MA) - This signifies that trend is continuing the current micro trend within a range, or that the trend is continuing the current macro trend which is downwards towards the next SAR levels, and skilled Traders may be able find more shorting opportunities in a downwards trend.
Even the most skilled Traders always stay out of trading when price is not trending, but is stuck within a range of SAR (except for some Scalping Traders!).
Have a look at COINBASE:BTCUSD .
Add the following Indicators to your chart:
20 Daily Simple Moving Average
200 Daily Simple Moving Average
On the current Daily & 4 hour charts, are you able to see where;
Any time the 20 MA (yellow line) is above the 200 MA (orange line) , price action has a bullish sentiment?
And, where the 20 MA falls below the 200 MA, price has a more bearish sentiment?
Of course, experienced Traders will like to delve further into analysis before executing their trades, however the information presented here may be useful for swing or position traders seeking to buy the 'Bitcoin Bottom' & helping traders to decide whether to buy long or short BTC.
As a Trader I seek to go long in uptrends, go short in down trends & I tend not to Day Trade within price ranges except for when the Market signals a potential 'fair-play', for some scalping action on the shorter time-frame!
A Daily close any-day now, above $7700 & $8000's region would signify to me an interesting point of a potential turn of the trend to the upside, & where I look to analyse further for confirmations and entry's for long plays!
I'd be expecting rally's with that breakout, I'd play entry's close the 20 MA and take profits as price rally's away from the 20 MA before it snaps back & retraces, back towards the 20 Ma.
In this case I will go further with TA nearer the time.
Where there is no confirmation of a new potential Macro Trend break upwards, no confirmation Daily closes above key areas of resistance, i'd analyse to confirm that indeed the downtrend has continued or that we continue into the current trading range, waiting for a breakout confirmation again!
Weekly 20MA Bitcoin points to much longer bear marketIn May 2014 after the bubble burst, bitcoin had a 65% rally and broke through the Weekly 20MA and it had it's first uptick since the pop. Everyone rejoiced, called the end of the bear market, and everything was just magnificent.
Does this look familiar?
The 2014 pump and the current pump we are in the midst of look remarkably alike which very simply point to similar psychology and thought patterns occurring within the people trading it.
This bear market has already proven to be longer and slower than previous, and I believe we are still have a long way to go.
Full look at current bullish/bearish patterns/trendlines in playOn the weekly total crypto marketcap chart we are currently either still in a symmetrical triangle that could also be a bear pennant, or currently up out of both a daily falling wedge (in yellow), as well as the much bigger weekly falling wedge (in green). Bullish and bearish price target projections are posted accordingly and are color coordinated with their corresponding patterns. We also have 2 huge horizontal trendlines: a strong one that's currently resistance that if we can close a weekly candle or 2 above and flip to solid support would make me much more confident that we are going to ht the green bullish falling wedges price target. we also have another lower strong horizontal trendline that lines up well with the bearish price projection bearflag breakdown target. If we were to heavily capitulate thats where I believe support would eventually hold and bounce back up from. we also have the weekly 20ma(in orange) which at least temporarily is suddenly support although we have yet to solidify that support and then we have the weekly 200ma which has been solidified a long time ago as solidified support and continues to maintain that support for now. It is still a battle between those two. Finally we can see below on the weekly stoch rsi it is threatening to complete a bearish cross but it may also bounce upward off the orange line. If not we have a diagonal trendline on the stochrsi that may also act as support enough to reverse any bearish cross that may occur. If capitulation were to occur however we would see it break below that stochrsi trendline as well as priceaction most likely the strong currently solidified support of the weekly 200ma. For Now this is the chessboard. with the weekly 20ma acting as the bears' king, and the weekly 200ma acting as the bulls' king. I have a feeling we will know which side will be declaring check mate by the end of the week.
Total Marketcap Weekly 200ma vs 20ma continues. At crucial pointWe can now see on the Total Marketcap's weekly chart we have managed to inch our way above the weekly 20ma's strong support. We need to of course close 2 consecutive weekly candles above this MA in order to confirm we have flipped it from strong resistance to support however and we can see the weekly stoch rsi is currently overextended and could potentially see a bearish cross here in the near future. For that reason, I'm not yet sure that the bulls will win the battle between the 200ma support and the 20ma resistance...If we do dip back below the 20ma before closing 2 weekly candles above it, my guess is we will be dropping back down to at the very least retest the weekly 200ma's support and possibly even break through it. I think if this occurs it will probably result in capitulation and even though we ma break under the 200 weekly I think on the weekly chart we will still ultimately find support there with maybe a huge wick to the downside dipping below it as capitulation. From there hopefully we would see a big bounce again provided by the 200 weekly ma that could have enough momentum to finally break us firmly above the 20 ma..and finally be done with the bear market. Of course if we see 2 weekly candle closes above this 20 MA I will instead be confident that probability strongly favors the bottom is already in and we should then see a corresponding significant bullish surge to go with it that takes us towards the breakout target of the larger falling wedge. We will likely find out in the next week which way we will be heading.
Bitcoin Daily Update (day 193)I believe that it is possible to beat the market through a consistent and unemotional approach. This is primarily achieved through preparing instead of reacting. Click here to learn more about how I use the indicators below and Click here to get my complete trading strategy! Please be advised that I swing trade and will often hold onto a position for > 1 month. What you do with your $ is your business, what I do with my $ is my business.
My latest Bitcoin Bubble Analysis led to the following predictions: 1 day - 28 days = < $5,750 | bottom prediction: $2,860 by 10/30
Previous analysis / position: “Still waiting on a bounce off support before continuing the draw down” / Short ETH:USD. Took profit on 33% of position improving my average cost basis to $317.37 per ETH.
Patterns: Descending triangle / 4h bear flag
Horizontal support and resistance: S: $6,126 - $6,166 | R: $6,200? | $6,380
BTCUSDSHORTS: Continuing to pull back after a slightly lower high.
Funding Rates: Shorts pay longs 0.0349%
12 & 26 EMA’s (calculate % difference): 12 = -8.04% | 26 = -8.69%
50 & 128 MA’s: 50 =11.36% | 128 = -13.73%
Volume: Current selloff is significantly above MA on 4h chart.
FIB’s: 1 = $6,039 | 0.886 = $6,300
Candlestick analysis: Prior 3 day candle engulfed the 3 before it. 4h hammer
Ichimoku Cloud: C clamp on the 4h
TD’ Sequential: 1h is currently on a 9. Daily is on a 4
Visible Range: 2 month lookback has point of control (POC) at $6,400. 3m-1y all have POC between $6,300 - $6,400. Expect that to become strong resistance.
BTC’ Price Spreadsheet: 12h = -3.98% | 24h = -3.94% | 1w = -13.76% | 2w = -7.63 | 1m = -7.78%
Bollinger Bands: Just about touched the bottom of the daily band on this last selloff. Bouncing from bottom 4h band.
Trendline: N/A
Daily Trend: Bearish
Fractals: Just broke through another down. Next one = $5,855 | Up = $7,437
On Balance Volume: Moving down with price, no div’s
ADX: ADX continues to move up while -DI and +DI continue to diverge, as would be expected.
Chaikin Money Flow: Moving down with price, it’s a little worrisome how far daily and weekly have to fall before becoming overold.
RSI (30 setting): W = 48.29 | D = 42.89 | Similar to CMF’ it’s a little worrisome how far daily and weekly have to fall before becoming overold.
Stoch: Weekly getting ready to make bearish crossover. Daily is reaching oversold territory.
Summary: When the markets start moving I like to pay close attention to the shorter term MA’s to give me an idea of when to expect consolidation and/or a correction to the upside. In one of my Telegram groups someone pointed out the 20 and 200 MA’s on the 4 hour chart and said to watch for the death cross.
I noticed that the price tends to retest the 200 MA before selling off again and think that will be a great area to place some orders to sell
The 4h bear flag breaking down on volume tells me that we may not make it back to that area. I always watch for the breakdown of the flag itself as well as horizontal support from the pole, both of with occured. Still having one third of my short position open on ETH makes me feel comfortable either way.
If you are not in a position and you didn’t sell the 4h bear flag then it is time to wait. If we get a bounce then you get a high percentage short. If we don’t get a bounce then you need to be okay with missing out on a move.
Today is Saturday, go outside and enjoy the beautiful summer weather! Even if you are in a position, set your stop loss and forget about it!
XRP/USD going down?! MACD looking goodXRP showing a lot of difficulty in crossing the 20 day moving average. Macd showing bullish results, however i wouldn't advise entering a position yet, because i still think we will test 0.27$ before going up. With market, if BTC goes down, it will be enought for all the cryptos to go down!
P.s.: ignore the yellow dot line pointing up!!!
TRX/BTC rejected after touching 20 MATRX has been rejected everytime it touches the 20 day moving average as we can see with the dark blue resistance line. TRX will go to my region predicted next week, hopefully will find support and pass this resistive line
using bollinger bands to target long/short entries on bitcointhis technique works best when the trend is moving up or down, sometimes the calls made on the mid line during sideways can be risky but with other TA such as EW, Fib and MA/EMA you should be able to gauge where you are and use this method as confirmation to your trades.
using bars; we are waiting for the bar to close above (long) or below (short) the mid 20ma or 21ma, once the bar has closed the signal to short or long is confirmed.
the potential profits shown after the bar closes with confirmation are shown in the green box. obviously when there is clear trend the profits are decent, during sideways they are smaller but it would be down to you to use other indicators and the lower and upper bbands to gauge when to enter if not already in a trade (or get out if youve made the wrong call).
have a look and see if it works for you. enjoy
BTC weekly looks no goodAfter going to RSI middle, we change the way downward. stay away from long position, it's a new preparing of selling off.
XLM/USD going BULLISH?!XLM found some resistance at the 200-day MA, and is now touching both the 20-Day MA and the 100-Day MA. the 20-Day MA has passed with success the 50-Day MA and is now about to pass the 100-Day MA. We might be entering a Bull run on Stellar. Once it passes the 200-Day MA, with volume, i say it will moon! Let's see how the market reacts.
TRX/USD 50-day and 20-day MA crossing?! BULLRUN coming?!There is a bullish indicator going in TRX! if the 50-day MA and the 20-day MA cross then we might have a bullish signal that TRX is going up! For short term I believe we will test that rectangle around 0.03$. Most indicators show bearish signs. Don't think we are going much below the 0.03$ region, since we the support there has been really strong.
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
BTC weekly, 20MA, 50MA and MACDAfter going below to zero on MACD, we will go below 50MA accordingly on price.
BTC will remain to below of 200MA for a while..In daily period, BTC goes below to 200MA and DeathCross occured(by intersecting red and green). This picture is not good for the new long position...
