Get started

50ma

ADAUSDT Break + Retest 50Ma SHORT PHi everyone Daily" Going short ADAUSDT RSI still has a long way to get down to over sold area, had confirmation from red DOJI and second long Red candle. + Price fail to cross up 50 MA ALWAYS look for extra confirmation on any trade, Anything like a bullish/ bearish candle such as the one we can see here "Red Doji' Possible drop to $1 If bears stay strong, then look for rebound up to retest $1.50 Area " I would personally hold on any long positions until we ether confirm a new strong new trend or buy at $1.5 area" Happy trading people (No financial advice) DISCLAIMER The trading ideas, analysis, and comments above should not be considered financial advice or recommendation to trade or invest in any financial product. Your personal situation has not been taken into consideration in the trade ideas. This page is for general educational purposes only. Do not buy or sell any product discusses on this page before doing your own research. Always do your own analysis and research and be aware of the risks involved in trading any financial product :)
Short
by CryptoTraderRetired
2
BTC possible decrease Bitcoin has hit the 50 day MA today after $900 million has been liquidated. This has caused bitcoin to start forming a second shoulder in a head and shoulders pattern on the 1 day chart. At the time of writing bitcoin is $49,000, following the head and shoulders pattern bitcoin could see $55,000 before further plummeting to $40,000. However, if bitcoin rebounds from the 50 day moving average it should pass all time highs of $67,544 to possibly see $100,000 by mid January.
B
by Nickfpv
Drawing an analogy to drop in MayPrice movement is in many ways similar to what we could see in May this year. First, it is what had preceded the movement since January. Second, it is its nature itself, particularly the high volatility candle which is in motion Today. Reading from the left: → A price stops its impulsive rally to consolidate its way back towards 50 EMA (red). → Another impulsive rally starts, breaking the all-time-high of its time and reaching up to 60k levels. The price starts to consolidate up there. → The large fearmongering drop surely blasted through stop-losses, particularly those belonging to high-leverage traders. The most significant candle which paints both support and resistance for almost 3 months accounts for a 30% drop (high -> low) but only 15% total price movement after it closes (open -> close). Also, see the spiking volume . Now, we are in the middle of the chart: → The price starts another rally covering the whole range and blasting through resistance (almost) at ease. → Growth stops and the price slowly retraces back towards 200 EMA (black)/ → Dynamic moving-average-based support gives the price strength to resume its rally reaching for an all-time high. I believe, I predicted this level since I have always had the yellow rectangle in this area. → The price consolidates up there. → The large fearmongering drop surely blasted through stop-losses, particularly those belonging to high-leverage traders. The candle isn't closed, so we will have to wait to see how much open-> close accounts for from a total of high -> low which is a 21.5% drop and may still change. I believe there is a considerable chance that the previous development will repeat and that there will be another way up . But I don't think it will create another all-time high . There is just not enough time for that, nor enough risk appetite. Even from a technical perspective, the first time this pattern occurred, the key dynamic support turned out to be 50 EMA. The second time, it bounced off a traditional 200 EMA daily and the overall gain on top of the all-time high was mitigated accordingly. This time, we are talking about 400 EMA as dynamic support which I normally don't even put on the chart. In defense of bitcoin, December is usually a fairly good month as it is for the correlating markets such as stocks. But it is still a fairly speculative asset and I think, the investors will search rather defensive portfolios with many expecting a crash in Q1 2022. If the consolidation follows a similar pattern as it did in May, we may see a good buying opportunity at the mid-December earliest. I want to see the markets calm down and reach for the low of this high-volatility candle. Then, I would consider going long towards the high of this named candle. Good luck!
COINBASE:BTCUSDLong
by OrcChieftain
November 29, 2021 Review EURGBP 1 HOUR 50 MA Here is a setup from a trade last week. I primarily look for candles closing at the 4 hour closes and also around the 1 hour closes around the NY session open. There are three MA's I use. The 20 MA (blue), 50 MA (red) and the 200 MA (gold). Not only does the candle have to close on the 20 or 50 MA but the moving averages must be positioned correctly. I use the 4 screen layout. The daily chart on the top left, 4 hour on the top right, 1 hour on the bottom left, and 15 min on the bottom right. This is my Moving Average Correlation Strategy In using this strategy, I review all major and minor forex pairs including indices and metals. If I see a pair closing on a moving average, I will flag it and set an alert above the high (buy) or low (short) on the timeframe where the 200 MA resides. Each week there are at least 4-6 setups. A) IF Price closes on the 4 hour 20 MA, I need price to also close on the 50 MA on the 1 hour, and the 200 MA on the 15 min. B) IF Price closes on the 4 hour 50 MA, I need price to also close on the 200 MA on the 1 hour. C) IF Price closes on the 1 hour 20 MA, I need price to close on the 15 min 50 MA, and 5 min 200 MA. D) IF Price closes on the 1 hour 50 MA, I need price to close on the 15 min 200 MA. These are the primary correlations I use to trade. I also check the daily, but I find more setups with the above for IF, THEN criteria. Remember, the moving averages must be ALSO positioned correctly. From here, I wait for a candle stick confirmation. I will either get in an engulfing candle on the 50 MA or the 200 MA. TRADE ABOVE: In the above chart, looking at the bottom left, the 20 MA is above the 50 MA< This is how we would expect these 2 MAs to be positioned. INext is the Moving Average Correlation between timeframes. When price closed at the 50 MA on the 1 hour, price ALSO closed on the 15 min 200 MA matching scenario (D). I traded this at candle rejection on the 15 min timeframe with profit levels at Daily Support/Resistance. Does anyone else trade this way? Is this your first time seeing this? Please respond so I know I"m not the only one here. Looking for all of your feedback! @MDFX_TRADES
Long
by MichaelDForex
November 16, 2021 USDMXN 1 HOUR 50 MAI have been leaning towards a MA retest strategy that has been panning out pretty well these past few months. Here is a setup from a trade last week. I primarily look for candles closing at the 4 hour closes and also around the 1 hour closes around the NY session open. There are three MA's I use. The 20 MA (blue), 50 MA (red) and the 200 MA (gold). Not only does the candle have to close on the 20 or 50 MA but the moving averages must be positioned correctly. I use the 4 screen layout. The daily chart on the top left, 4 hour on the top right, 1 hour on the bottom left, and 15 min on the bottom right. This is my Moving Average Correlation Strategy In using this strategy, I review all major and minor forex pairs including indices and metals. If I see a pair closing on a moving average, I will flag it and set an alert above the high (buy) or low (short) on the timeframe where the 200 MA resides. Each week there are at least 4-6 setups. A) IF Price closes on the 4 hour 20 MA, I need price to also close on the 50 MA on the 1 hour, and the 200 MA on the 15 min. B) IF Price closes on the 4 hour 50 MA, I need price to also close on the 200 MA on the 1 hour. C) IF Price closes on the 1 hour 20 MA, I need price to close on the 15 min 50 MA, and 5 min 200 MA. D) IF Price closes on the 1 hour 50 MA, I need price to close on the 15 min 200 MA. These are the primary correlations I use to trade. I also check the daily, but I find more setups with the above for IF, THEN criteria. Remember, the moving averages must be ALSO positioned correctly. From here, I wait for a candle stick confirmation. I will either get in an engulfing candle on the 50 MA or the 200 MA. TRADE ABOVE: In the above chart, scenario (D) occurred. Price closed on the 1 hour 50 MA at 4 AM PST (one hour before the NY session). At the same time, price also closed on the 200 MA on the 15 min timeframe. Next, I saw an engulfing candle form creating a morning star on the 200 MA on the 15 min. I did a quick check and saw this more clearly on the 30 min timeframe for additional confirmation. The buy was entered above the high with stop loss below the low. Profit levels at RR of 3 and at a daily resistance. Does anyone else trade this way? Is this your first time seeing this? Please respond so I know I"m not the only one here. Looking for all of your feedback! @MDFX_TRADES
Long
by MichaelDForex
Not the most clear chart 50MA (Daily) Squiggles BTCUSDT LONGNFA.. Just a few squiggles on a chart.. Here is just a Sine wave replication of the 50MA (Daily) 0 offset But shifted vertically.. (Ribbons if you will..) 50 Day of the Sine wave going forward you can see this is respected acting as support/resistance.. Possible targets.. Well you can deduce from where likely reversals are to be found & likewise for breakouts and areas of consolidations . I tried my hardest to make this as confusing as possible. Let me know how I have done.. For cleaner/accurate charts checkout @TechDev_52 @JohalMiles For overall market wisdom/knowledge checkout @standfieldken 's work ++ @cryptobirb ... #Bullish on #bitcoin
Long
by majika
The handle of the cup is in a descending channel/bullflagOdds are good i we continue to consolidate inside this descending channel(in green) that we will find support when once the 1 day 50ma (in orange) converges with the bottom trendline of the channel around 55944-56k or once it enters inside the channel. So my guess is the bottom of the handle will be around that 55.9-56k range. Of course it could also do a bear trap wick below the channel too before bouncing back up to close the body of the candle inside the channel for it’s last correction before more upside. Either way we should probably know within the next few days.
COINBASE:BTCUSD
by DrDovetail
KEEPUSDT 6H long setup; Bullish cont. after finished pullbackTA explained KEEP seems to be ready for a next leg up. Pullback was completed when bouncing from Golden Pocket level and previous top (lowest green dotted line). After the bounce the 6H (and 4H) 50MA got broken strong and is retested right now. Trade setup Best entries: 0.6847 - 0.7325 TP1: 0.8442 TP2: 0.9774 TP3: 1.1733 SL: 0.6238 RR: 5.52 Max leverage: 1 ————— MDSquared Crypto Lounge ————— Do Your Own Research (of course) Trade at own risk (of course) Only trade what you can afford to lose (of course)
KLong
by MattieDsCryptoLounge
1
UTKUSDT 1D long setup; Breakout and retest of falling wedgeTA explained I had this one on my watchlist for a while now. Seems to be ready for upward continuation after the breakout of the falling wedge and a retest of the breakout level. Trade setup Best entries: 0.3873 - 0.4270 TP1: 0.6310 TP2: 0.8888 TP3: 1.2326 SL: 0.3404 RR: 12.09 Max leverage: n/a ————— MDSquared Crypto Lounge ————— Do Your Own Research (of course) Trade at own risk (of course) Only trade what you can afford to lose (of course)
Long
by MattieDsCryptoLounge
2
DODOUSDT 1D long; Dont miss out on DODOTA explained DODO is following text book price action so far after the formation of the W-pattern and the pullback to retest the neckline of it. Since the breakout of the descending channel/falling wedge end of September, price has been trending upwards. The trend is even more clearly visible on the 4H chart as can be seen here: As you might have figured from the chart, we are already in the trade aiming for the given targets. However, I still did want to share it publicly because of the high potential there still is for DODO towards the given targets. Even first target is still 27% away from current price level. ————— MDSquared Crypto Lounge ————— Do Your Own Research (of course) Trade at own risk (of course) Only trade what you can afford to lose (of course)
DLong
by MattieDsCryptoLounge