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3day

200MA on the 3day held perfectly. Testing 45k again 🐱‍🏍The 3day chart shows a strong sign of recovery and can be taken as a future outlook of the weekly. Bullish stuff: The 200MA of the 3day was held perfectly. No close below it! We now are within the bull market support band and did not get rejected so far. The RSI shows a strong healthy rise. Trading volume is higher compared to the start of 2022. We are still above the macro support level of 30k. Bearish stuff: We did not create higher highs yet and are in a consolidation phase during a down trend. Technically we are still not above the bull market support band consisting of the 20 week SMA and 21 week EMA. We believe that the people that hold through these hard times will get rewarded. What is needed is patience and endurance . Bitcoin got additional attention during the Russian invasion in Ukraine. People could use Bitcoin but have trouble withdrawing their fiat currency. Donations are also made using cryptos which leads to additional attention. Ukraine legalized cryptos because of that. The FED started with rate hikes and takes a closer look to cryptos. This is a novum and it seems that Bitcoin became to big to ban or ignore. We expect bullish times ahead can't wait for it. Feel free to comment or ask anything you like. Always do your own research and keep in mind that my charts and comments cannot be considered financial advice. Cheers Ctumblery
Long
by tumbler55
A look into the SPY: Are we sold on a full reversal yet?3Day Chart- With 1 day left, the shadow of the candle kissed the 50 EMA. Even with a close ABOVE its previous candles close but BELOW its current candle shadow low this should be seen as bearish. This would print a Shooting Star. 444.39 would be the level to watch for this scenario. 3Day Chart Bulls will want to see a close above the previous candles swing high at 446.46 at a minimum. Best case would be a close above the mid Feb swing high at 448 or better a close above the 50 EMA. 1Day Chart March 14 22' there was a 50/200 EMA cross under. Since then there has been a bit of a rally. 4 days ago, the Daily candle printed above the 50 EMA and 2 days ago above the 200 EMA. In between a Doji printed, kissing both the 200 and 40 EMA signifying major uncertainty. 1 Day Chart If the Daily candle prints at or below 445.50(ish) then we could view this as 1 Black Crow. My best gut feel says its this happens, then selling pressure may be more likely than not to continue through Friday. A note to bulls: this scenario would be OK as long as the .786 Fib is ultimately respected. A healthy .382 is a more likely retracement, but keep in mind the worst case break point at 423.24. Any retracement is fine as long as a HIGHER low is set. Those sweet spots IMO are the above 2 I mentioned. 1 Day Chart Ultimately, bulls want a close over the 200 EMA and bears under the 200 EMA. Here is a link to the 1 Week and 1 Month chart, comments below. Weekly Chart The SPY weekly candle should close above previous swing high candle body resistance around 449. Weekly Chart 453 is marked as resistance, as seen created locally in November. Nov-Jan it acted as support, but now broken it is viewed as resistance. This break of support to resistance happened in a breakout(down) of a major ascending level of supported created April 2020 as the market was recovering from the "covid" crash. Weekly Chart Best case for bulls: EOW rally to close the current weekly candle above 453. Best case for bears would be a weekly close with no lower shadow around 440 or a close below the 50 EMA A close of around 445-446 would print a Doji, meaning indecision in which patience is advised. Monthly Chart Best case for bulls is a close above its previous monthly candle high at 451. This would print a Bullish Engulfing candle. Best case for bears is a close below 423. 423 is a level back in May 21 that acted as resistance and helped create a Doji (indecision). This setup would look similar to a 3 Black Crowes reversal pattern The market has most certainly shown bullish signs, but IMHO this is a critical juncture that will shows us further signs of market recovery or turmoil.
AMEX:SPY
by OccamsPhazer
2
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.
BITSTAMP:BTCUSD
by florasora
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.
BITSTAMP:BTCUSD
by florasora
4
Pump to the big boy shorts?So, sounds a bit fomoish bcs it just pumped a bit, yes it hit a important level, but its not important bcs it did not lose trend, but the upper levels are important, will most likely hit atleast the lower one, Im not sure how tho, will it blast up and hit the upper level then affter retrace that it hits the lower level, or just lower, Im only confident on low timeframe trends, because there are many examples I can see to learn them, high timeframe... this could crash bellow 3k after it hits this, but Im not that sure because as I said, HTF is not the best thing I know, maybe because I love pixel perfect targets, idk
BITMEX:BTCUSD.PShort
by UnknownUnicorn5584112
I bring a big warning of potential doomNow I know as much as the next guy. And I do not like to be the bearer of bad news. However, I use a couple of fairly reliable indicators. Vpt volume price trend against fib Bollinger's. and the god mode. And this chart is the 3day chart. I have only witnessed the godmode give a short call on the 3day 4 times since 20k. and the VPT always tells the truth of distribution or accumulation in the end. So trade with caution. The levels in purple are the CPR central pivot range for the monthly levels. notice it is like a mirror. several months up... and now we struggle to hold our level at the end of the month. also notice the newest channel is very thin which suggests breaking... either way. Lets find out if its time or not. However, I have a feeling summer maybe be a bit grizzly. what are your thoughts?
COINBASE:BTCUSDShort
by Gunslinger2005
5
Zoomed out Hey, This is my Bitcoin view in the longer term. (EW) I zoomed out to get a better perspective where we could be in the larger picture. I was able to get a clear count in the bitcoin log scale chart, which makes me believe we still are in a larger big wave 4 correction. A very complex wave 4 correction but possible as the large wave 2 was pretty simple. What you see here is the wave 4 still incomplete, my lowest target would be the 0.5 fib level ($1800). Invalidation level at the top of the big Wave 1. I know we got the halvening coming up soon, maybe we all expecting to go the moon in 2021 and thats why it wont happen. Lets see how this ages. Goodluck yall'
BITSTAMP:BTCUSD
by Younez
1
#xauusd #gold - Fighting for another leg up, 3DDue to the high amount of requests for Gold, here are my two cents: The odds Gold can grow up until $1550 strongly depend on the outcome of this 3D, looking at where this is struggling right now to hold up, the SMA50 (needs a good bounce from here, little sideways possible), nagging on the R2-Yearly Pivot and the Quarterly Pivot. A decline would be rather bearish nature and likely press down to as low as $1350 levels if breaking $1450. Even if this is solving bullish now, there is going to be the risk of the double top formation. I have marked the important mid - & long term levels for you to watch closely. At the moment, if someone decides to buy, it would be rather allright to secure, if this is not planned as a long term investment. (Around 3%) Warm regards, Neru
OANDA:XAUUSD
by Gl4diator
11
#bitcoin - 3D E-to-E (end-to-end) #ichimokuGood morning guys, today we are having a very simple look at what´s been happening without drawing a single line or zone. Fact 1: We have talked about the bearish descending triangle with the Quarterly Pivot as Support and been saying this has better odds to break down than up and it´s anything else than a bullish formation. Fact 2: For those who know me well enough: the 3D-interval (my absolute fav) is essential looking at the Ichimoku cloud, Bitcoin has tested the P-Q once more whilst diving into the cloud and failed to bounce, this was the final hint. Fact 3: The Yearly Pivot plus the support through the cloud has been clear target of this major move. What happens next? Assuming we ignore BAKKT, the Yearly Pivot is key, right now we could accumulate here and once more find support exactly at this price level (couple of hundreds of $ swings within). Asking myself how the odds are that we break down further doesn´t make sense right now, also a fact is, it would not be nice if we would as we might see levels as low as 5.4k-4k. Without reversal signs, this is a an area that does not give away a direction and is, therefore, a classy no-trade-zone. ___________________________________________ Warm regards, Neru
BITSTAMP:BTCUSD
by Gl4diator
3
3daychart H&S pattern fakeout confirmed; must overcome 1day 50maVery positive sign here as we not only were able to crawl back inside the green symmetrical triangle pattern and prove the breakdown of that pattern to be a fakeout we also have managed to do the same with the big red ascending head and shoulders pattern before today's 1 day candle close; essentially confirming it's breakdown to have been a fakeout as well...patterns as massive as these 2 were can fake a lot of people out by closing multiple 1day candles below the trendlines...usually if you see this with no bearish momentum surge to go with it (and in this case bullish divergence was showing),then a fakeout is likely. In this case, it took about 6 1day candles from the time price action broke under the ascending red neckline of the h&s pattern to the time it climbed back above and confirmed the fakeout. The reason it was able to stay below the neckline so long without triggering the breakout is because the H&S pattern is actually most valid as a 3 day chart pattern instead of a 1 day chart pattern. The same appears to be true about the green symmetrical triangle pattern as well. Anyways currently we have just closed another 1 day candle just under the 1 day 50ma but more importantly above the ascending red neckline of the 3day head and shoulders pattern...We retested that neckline a few times before the close as well and was good to see it respond as solid support. As long as the red ascending trendline can maintain that support we should see price action flip the 1 day 50ma back to support as well. We also currently have a potential inverted h&s pattern that could be playing out here as well..if so we may see a slight pullback once we test the thin horizontal yellow line in order to complete a right shoulder...that is currently speculative but something to keep in mind.
COINBASE:BTCUSDLong
by DrDovetail
2
3day goldencross & 1day fallingwedge appear to be triggeringfalling wedges target is 11.5k we may reach 11.7k with fomo....bears may try to dump it back down after that and send price action back to retest the top trendline of the purple wedge while simultaneously filling the 8.5k gap...or it could also fall a little further tto test the 3day chart 50ma or 200ma (in orange and blue) for a big support bounce and to trick people into thinking it will be a 3 day goldencross fakeout. If it doesnt dip and can sustain support above 11.1k long enough it could also trigger a 4hr chart double bottom pattern with a breakout target of 13.1k
COINBASE:BTCUSDLong
by DrDovetail
1
Bitcoin // Week #31 // CorREKTion continuesHello, I hope everyone had a wonderful weekend. Last week, I mentioned a possible bounce at $9700. We wicked down to $9500 and quickly found support at $9700 for only a couple of days. As expected, this level didn't find strong support. My next level of support was between $8985 and $9100. When Bitcoin broke below the $9700 support, we wicked down and bounced from $9111. Really close to my $9100 call, but not exactly $9100. Still, it is worth noting that there is interest at these levels. But not strong enough to personally satisfy a bottom. Also, in that same post, I mentioned a possible double bottom. I do not believe this is the case anymore - it was a short term call in case we dipped that day or in the next 2 days. Now, let's jump into this weeks chart. As we can see below, I have drawn 2 short-term support lines at $9111 - $8400. For obvious reasons, $9111 is a recent support. However, buying interest here seems to be dull. Which is why I believe we will break down below it and find strong support within $9000 and $8400. Zooming out, I have drawn 2 long-term support lines, $9600 (broke below. New resistance) and $7800 (possible support near wave 4 - see below). These support lines are previous support/resistance levels from 2018 (also 2019 mid may-mid june). I am paying very close attention to these support/resistance levels. We are still within the bullish corrective channel and it is possible we stay in it until mid-August. However, because of the recent moves, and the parabola we are currently in, I do not believe that is the case. Bitcoin loves John Wick and it can get violent at any moment. 3 Day Charts: Continuing my interest in Elliot Wave theory, I now believe that it is possible we violently wick down to $8000 - $7500. $7800-ish is a number I like in this scenario. in 2017, the corrective ABC pattern played well within the law of the wave 4 support area. Because of this, I am not ruling out the possibility of a deeper corREKTion. Why am I Long and not Short if we are still correcting? Simple, don't short a bull market. Accumulate. Please comment and like, thank you. May the force be with you. - B
COINBASE:BTCUSDLong
by B_version256
1 day double top vs. 1 day falling wedgeThe current battle playing out seems to be between the support of the falling wedge's top trendline(in purple) and the resistance of the double top's neckline(yellow horizontal). If we somehow were able to close the 1 day candle above this neckline that would be a good sign for the bulls. We would still need breakout confirmation from the wedge first of course, but if a wedge breakout were to trigger here the breakout target would be 11.5k. I think instead a breakout fakeout here is slightly more probable but will remain neutral until I see it react one way or the other. For now, I have the projected breakout occurring instead where the next horizontal support line down around 8.5k intersects with the top trendline of the wedge. We will see if my assumption is accurate but currently we have potential to rigger the breakout from our current zone. Wee can also see the 3 day golden cross trajectory has been moved up to the 1st of August. I think this cross will be sustained and eventually lead to an 87% increase in price but think there's a chance price action could fall down to those moving averages right before or during the initial cross to scare people and accumulate short fuel first. We could also just shoot upward without doing that at all but if I see a red candle the day of the cross I will neither be worried or surprised. May be a slow climb at first in August but I have a feeling come september/october we will be full on bull mode again. Just a gu instinct and as always not financial advice.
COINBASE:BTCUSD
by DrDovetail
price action @ the neckline of invh&s; 3hr50ma blocking the exitAs expected here we can see price action has made its way up to the neckline of the 4hr chart inv H&S pattern and even sent a wick above it. The 3hr 50ma is now blocking the exit though adding some double reinforced resistance with the neckline. Fortunately the price action doesn't seem to be getting any kind of harsh rejections down though which suggests it should eventually overcome this double reinforced resistance and trigger a breakout..always wise to wait for confirmation though. We currently have the bullish breakout target for both the purple falling wedge and the green invh&s in a close enough range to eachother that we can consider that bullish confluence lending added probability o an upward break from the invh&s. I believe if this happens we will likely hit both targets and even continue up slightly higher via fomo to the ascending dotted white at around 112k trendline before finding solid resistance and hopefully filling the cme gap in that range. I think its still possible we could fill the gaps below too so i while i'm not planning my trading strategy around them I also haven't ruled them out. The 2 big yellow trendlines crossing in the bottom right of the chart represent the 3 day golden cross which has a current trajectory slated for August 2nd. While I think ultimately this cross will lead to bitcoins bullrun getting its second wind and will likely take priceaction up another 87% I think considering how far price action is away from it right now that it could also act as a price action magnet at first having the price fall down to the cross before having a huge rebound up off of it to continue bullish momentum while falling the 8.5 and 7.6 gaps below at the same time. I think it could even throw a wick down as far as the lowest yellow horizontal trendline on the chart. Again i'm not basing my trading strategy on this happening , only factoring it in so in case it were to occur I would be prepared. The price could just as easily skyrocket from the current range upon the 3 day cross as well never filling the lower gaps whatsoever I think it should be a bullish august and when the 3 day golden cross finally proves it will sustain I think this time the alt coins are gonna rise with bitcoin.
COINBASE:BTCUSDLong
by DrDovetail