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50ma

15 consecutive daily candles above totals descending channelWe can see price action came back down to retest the top trendline of this descending brown channel with exact precision and held above it now for 14 consecutive 1day candle closes. It is very likely to close a 15th consecutive candle here soon. We can see one wick back below the top trendline of the channel that was ultimately supported by the 1 day 5ma(in orange). That 50ma is now getting closes to rising above the channel itself for added springboard support. We can also see that the daily stoch rsi is reet as well with plenty of room to head upward. Everything is looking very good for the breakout of this channel to be validated in the ear future. *not financial advice*
CRYPTOCAP:TOTAL
by DrDovetail
1
Predict Bitcoin's Price with "W" pattern from the 50 and 200 MA 50 MA in blue, 200 MA in green. There is a "W" pattern where the 50 MA also crosses under or over the 200 MA. It can be useful in short-term and long-term trading. If the pattern repeats itself, with your ruler you can see that there should be a correction for the next 2 months (according to the previous corrections in the bull run which are about the same length). It’s also interesting to look at how deep the second correction, or “V”, will go. In the W pattern of End 2019 (October) - Middle 2020 (May), the 2nd dip was deeper than the first and it resulted in a bull market. We could argue that it also happened back in July/August 2014 – October 2015. In the W pattern of Middle 2021 (May) - End 2021 (October), the second dip was higher than the first and it resulted in a bear market. We therefore have to wait to see if there will be a correction and how deep it will be, continue to use indicators, and find patterns.
BITFINEX:BTCUSDShort
by YanakTrading
BTC/USD 1 Week ChartOn Monday, BTC had finally crossed above and broke through its major resistance area located on this 1 week charts at $32,415 - $27,785. Note: BTC is still in a Rising Wedge Pattern as well as an Upwards Channel Pattern. BTC is still in a massive Megaphone/Broadening Wedge Pattern otherwise known as an Ichimoku Y-Wave Pattern. Take Note of the Liquidity Voids. Note that the 50MA is moving upwards so if we continue having positive momentum, we will eventually see a Golden Cross on this BTC/USD 1 Week Chart when the 50MA (Yellow Line) crosses back above the 200MA (Red Line). Here is a closer look at this BTC/USD 1 Week Chart. RSI: Note that the RSI has crossed into the Overbought Zone. Don't panic! The RSI Line can continue continue going further upwards as well as range sideways in this zone. Up/Down Volume:
BITSTAMP:BTCUSD
by TradingThroughTheLens
3
Consequence of DivergenceJW to again observe the divergence, I called this on prior posts, see what happens when RSI Falls in face of rising Price?! Well, fine, hope you enjoyed your bearish gains. You shorted, right? O, still holding longs? Well you might get a chance to close those out soon. Notice how oversold it goes, trading at bottom of Bolly Band, under 50MA... might be a good place to close shorts, eh? Selloff on retail sales report is overdone imo. What a nutty roller-coaster. Can still go lower ofc; do not bet your farm on any wild notions!
TVC:SPXLong
by DaddySawbucks
Pearson down 11% on AI worriesIf AI is eating your lunch, your company better have a good strategic plan to adjust and create new revenue streams. This is classic Marketing myopia, e.g. US railways, in mid 20th century, saw market share eroded by the airlines. That's because railroads never saw themselves in the transportation business, and limited themselves themselves by thinking they were in Railroads alone. Pearson has had to deal with all sorts of changes, especially technology, and I'm sure they will have a strategic plan. Technicals: Bearish reversal now under 50 weekly EMA, but volume isn't high so early days. Below 756 would confirm a new downtrend.
LSE:PSON
by andmk2
GBPUSD I Potential intraday long from support Welcome back! Let me know your thoughts in the comments! ** GBPUSD Analysis - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support!
Long
by BKTradingAcademy
8
Xrp still inside a slightly larger symmetrical log triangleWe had a glorious breakout yesterday and today have seen that candle retrace more than 50 % of its length liquidating all sorts of top buyers no doubt. This happened after price manages a wick above the monthly 50m (in orange) but ultimately was rejected from that zone. It wasn’t just the monthly 50ma that put up the resistance however…there is in fact one last top trendline of a slightly bigger triangle on the xrp log chart shown here in red. Price action got close enough to this line to experience a rejection through the combined resistance of it and the monthly 50ma…the red triangle’s apex isn’t until the end of June…hopefully price will break above it in the current zone though when patterns usually have their breakouts on average (about 5-15% away from the apex). If it takes as long as it did to break up from our pink triangle however it could consolidate inside the triangle here until late June. That would shake a lot of frustrated weak hands no doubt. However I’m still confident we have broken up from the pink triangle and should still reach its full $4.90 target, might just take many months to get us there. The first step will be flipping the top red trendline to solid support and an even more important next step will be flipping the monthly 50ma to solid support. Those are the 2 trendlines to watch. *not financial advice*
BITSTAMP:XRPUSD
by DrDovetail
Have You Considered A Ride Down IWM 170? AMEX:IWM 50 MA crossed down the 200 MA on the daily and 4H timeframe. The daily chart shows a lot of sellers. IWM also made lower highs on the weekly timeframe. Also, the exchange traded fund is resting on a trendline that it's maintained since March 2020! If we break down below 170 and it holds, IWM should see more downside. The weekly chart shows an increase of sellers between last week and this week. Last but not least, the etf shows a shooting star candle that printed on the weekly chart (March 13-17, 2023). Therefore, my plan is to short IWM below 170! I will ride down IWM 170 (provided price gets there of course). *This is not financial advice Peace & Harmony, MrALtrades00
AMEX:IWMShort
by MrALtrades00
VET/USDVET/USD very quick update. Here is a closer look at this VET/USD 1 day chart: VeChain is in a new smaller Descending Channel which is in a massive Descending Channel. VeChain is also in a massive Symmetrical Triangle. At the moment of typing this, VeChain is still in the Bullish Zone above its Ichimoku Cloud. At the moment of typing this, VeChain is still above its 200MA. Note that the 50MA is still traveling upwards so we may eventually see the 50MA cross above the 200MA on this 1 day chart. Not that overall traded volume is still very low compared to what we were getting from 2018 to 2021. Looking at the Average Directional Index (ADX DI) we can see that the Trend Strength is dropping with the ADX (Orange Line) at 36.08 and under its 9 Period EMA (Black Line) which is at 39.52. Positive Momentum has dropped with the +DI (Green Line) dropping to 19.73. Negative momentum has also dropped a little with the -DI (Red Line) slightly dropping to 15.87 on this 1 day chart. I hope this very quick update is helpful.
BINANCE:VETUSD
by TradingThroughTheLens
GBPUSD I Short and long opportunity outlookWelcome back! Let me know your thoughts in the comments! ** GBPUSD Analysis - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support!
Short
by BKTradingAcademy
20
Monthly 50MA pressure. For the first time in trading history, Bitcoin will close under 50MA on 1-month chart. This is besides death cross on the 1 week chart. Again and again, I urge those who are in love with 1-4 hour charts to watch the larger timeframes. Unique events are happening and we can see that they are having an impact. Who's to say how long the bear market will take now with an event like this? We can only hope that 2024 brings some improvement. And I really regret that Circle kept some of the currency collateral in that bank .
BITSTAMP:BTCUSD
by averkie_skila
2
NZDCHF I Local short from resistance zone Welcome back! Let me know your thoughts in the comments! **NZDCHF Analysis - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support!
Short
by BKTradingAcademy
14
BTC/USD - Interesting times ahead with an Ascending ChannelBTC/USD 1 day chart quick update. Here is a closer look at this 1 day chart. BTC is in an Ascending Channel Pattern. BTC is still in a Falling Wedge Pattern. BTC is still in a Descending Channel. BTC is still in a massive Ichimoku Y Wave Pattern. At the moment of typing this, BTC is fighting to stay back above its 200MA. If BTC CLOSES this or tomorrows daily candle ABOVE the 200MA and stays above it, and we see a successful re-test of the 200MA as strong support, then we could see BTC attempt to break out of its Falling Wedge Pattern upper trend-line. Note that BTC has not closed above its 200MA since Monday 27th December 2021. Note that BTC is also back in the Bullish Zone of its Ichimoku Cloud. Looking at the Bollinger Bands, we can see the Bollinger Bands Upper and Lower Bands are expanding away from each other indicating increased volatility for the upside because the Middle Band is also pointing upwards. The Price is also walking up the outside of its Upper Band. Looking at the Relative Strength Index (RSI) we can see that the RSI is in the Overbought Zone on this 1 day timeframe. The RSI is still above its 9 Period EMA. With the RSI in the Overbought Zone doesn’t mean it will drop as the RSI line can range sideways for a prolonged period of time. Interesting times ahead if BTC manages to CLOSE this daily candle ABOVE its 200MA and then its Falling Wedge Pattern’s upper trend-line. A successful re-test of these 2 levels as strong support will be further confirmation that the bottom is in and a new uptrend has started. Note that after such a huge rise, maybe not yet, but we should expect at some point a correction downwards on this1 day timeframe. Who knows, if this continues, we may eventually see a Golden Cross on this 1 day timeframe when the 50MA crosses back above the 200MA. I hope this is helpful with your trading and hodl-ing. Correction on chart as i had the wrong trend-line signed above for the Ichimoku Y Wave lower trend-line. Below is the correction. Apologies.
BINANCE:BTCUSD
by TradingThroughTheLens
1
Link breaking above last potential top trendline of triangleIt’s still unclear whether or not link’s macro pattern is more valid as a falling wedge or a symmetrical triangle, however it seems now that we are finally closing daily candles above the last potential top trendline for that pattern. That trendline is most valid on the weekly chart so we still need to close the current weekly candle above the white trendline..after that we should see the follow up weekly candle confirm the white trendline as support on a retest ….if the follow up weekly candle closes above the white trendline odds are very good at that point the breakout will be validated…it may wait until the 3rd weekly candle to start the bullish impulse…or it could come as early as the current weekly candle…will have to see how the next few weekly candles play out. I chose to show this chart on the daily time frame instead of the weekly to illustrate how price action is also now back above both the 1 day 50 and 200 moving averages. If it can hold the daily 200ma as support during the next few weekly closes then the breakout will be confirmed. *not financial advice*
COINBASE:LINKUSD
by DrDovetail
EURCAD I Position swing short from monthlyWelcome back! Let me know your thoughts in the comments! **EURCAD Analysis - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support!
Short
by BKTradingAcademy
23
XRP | Unlocking the Secret Bonus LevelWelcome XRP friends! Wondering where we're going? Here are some things to consider : As we come out of our US Thanksgiving Day food comas, we're looking at some decent gains on the most recent run BUT, you're asking if this is it? Honestly, I think it still has legs for the 0.45 area where we find resistance at the 200 EMA Look at the fork and see if it makes sense to go there, I think the Fibonacci's all suggest it's possible. Remember, XRP ALWAYS pumps before mad dumps and there's still a ton of overhead selling pressure if you look at the VPFR, Look at all the volume that went into the 0.50+ range before the most recent selloff. Check out recent statements by Ripple CTO regarding ETH looking more and more centralized as a result of much of the network relying on AWS servers. What a comedy show and Vitalik looks more tarded with each passing day. Bitty is also having plenty of negative light being cast, I can't see us NOT having more down. Anyway, see you at the bottom . . eventually
by FudBox
11