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Bitcoin Long Term TrendGood evening ladies and gents. I have spotted Weekly Hidden Bullish Divergence on the MacD as well as RSI Bullish Convergence. These are both starting to round out. I am aware that many people are looking for a measured move down to around the 6800-7400 area, but that may not happen. Still could of course, but looking at the larger time frames, it's looking less likely ;) . I'd also like to mention the alt coins and where they are at. A lot of these alt coins are at the bottom of their overall bull trend showing Hidden bullish divergence, regular Bullish Divergence and Bullish Convergence. Too many coincidences for this to be just another random idea. These are actual technicals that I am displaying. This chart is on the log scale by the way! We have been in a down sloping channel for the last few months now after a large rally from our 3k bottom. We have only retraced 38.2% of the way. We are in common retrace areas after an impulse. So Price reversal from where we are at is most certainly possible! This is the .382 on the log scale! On the Linear scale, you have retraced over 50% of the way and nearly hit the .618 which is at $7200. In my chart, I have depicted two measured moves. This is a potential bull pole, bull flag pattern. In that case, the measured move takes is perfectly on the Log Scale at the 1.414 Fib extension around $42k. That is right, I fucking said 42k. Just an idea for now of course. This isn't certainty. The Gaussian Channel Tool is also teal on the Weekly time frame. Currently testing the top of it ;) I wish everyone a wonderful rest of your day and night! Twitter: twitter.com If you want to be a loving supporter of me and my "ChArtworks" $BTC: 35tmT7MAQXZm7rr1KzZMWNRpN2iyrnSB4z $LTC: LVfCT9fu4dYyFAo5cW5xLrzHZHWFoG85hn $ETH: 0x390d207b9bde62f2806caddfb94809de61da50d9 $x42: XZXm43FJcZHEVNs9dh8mdfzWyY6VfmJvPc Donations are never required but they are seriously very appreciative! Your Supportive comments and follows are just good enough too :D <3 Join the best Crypto and Technical Analysis Community in the world! Discord: discord.gg (Mitch Ray's Channel) Amazing community and I highly recommend checking out Mitch Ray if you haven't yet!
COINBASE:BTCUSDLong
by ChArtWorks_TechnicalArts
EURNOK in resistance zone near all-time high (rising wedge)EUR/NOK has reached a resistance zone near the all-time high of 10.1573 + spread and may be in a rising wedge. It could be a good long-term short from here (over 10.06), as NOK have been raising interest rates this year (last on Sep 19th), now at 1.50%, due to a solid economy. I'm short from 10.06237 and 10.06587. A short with TP 2000 pips (9.862) SL 2000 pips (10.262) makes the TP within reach and the SL substantially above the all-time high, and if approaching the TP the stop could be moved to 80% of the current profit, and the TP pushed down - perhaps with a partial close performed at the TP level - it could go down to 8.794 if the rising wedge is real and broken or even much lower. Be careful - spreads are wide, pips are small and volatility can be high on this exotic pair! If you take a position (do your own analysis), I recommend very small positions held for the long-term.
Short
by SebFX
BTC Longer Term Projection | Parabolic Rise!Hello Traders! New Week Monday Today’s chart will be a bit different, we will have a look at the longer term projection of BTC, remember this is pure speculation, no certainty… Points to consider, - Parabolic rise that retraced and held support - RSI held above 60 in the bull market - Stochastics traded above 70 in the bull market - EMA’s held price as support - Bull volume noticeably increased There are striking similarities between the previous bull market and the one that we are inevitable heading into right now. Price had a blow off top and established a support base (green zone) before the EMA’s came into play. The EMA’s supported price as it traded back towards the ATH, here volume picked up drastically, Bitcoin went on and completed its next parabolic rise… Bitcoin right now has come out of its support base (green zone) and the EMA’s, similarly, is supporting price as BTC makes its way back to its ATH ($20,000). We need to see the RSI enter back into the orange box, where it traded last bull market, same goes with the Stochastics. Volume also needs to pick up as we approach and retest the ATH again. It will be interesting to see how long it takes BTC to break its ATH; previously it took 455 days from support base. Using this Metrix, we can assume that the ATH will be broken some time mid-2020. Again this is pure speculation; anything is possible as there is no certainty in the markets, especially Bitcoin! What are your thoughts on the longer term aspect of Bitcoin? Please leave a like and comment And remember, “Sheer will and determination is no substitute for something that actually works.” – Jason Klatt
BITSTAMP:BTCUSD
by The_Alchemist_Trader_
1
Gold. Will We Touch Previous All Time Highs?!Hey guys. Ill keep it short as always. I have a feeling this gold rally is just getting started... There has been talk of an upcoming global recession and negative interest rates are becoming a regular. Negative rates are also negatively correlated with the price of gold which is bullish for bullion. We will probably see allot of speculative buying because of the listed reasons... this should propel gold to previous all-time highs
TVC:GOLDLong
by Augustus_Lee7
1
SPY - Daily - Bearish engulfing stick after dojiNotice the bearish engulfing candlestick today, after the doji yesterday? I believe that means we are going back down to retest the green line I drew in the 295 area. We just made new highs, but could not close above the highest close level set in July. I do not believe this sell-off will be anything more than simple profit taking after this nice rip up after breaking through consolidation. More or less, I think this will be just a breather ... UNLESS, negative trade war news comes out. As always, the trade war is determining the technicals right now. If negative news comes out between now and the new round of talks in October, I think we will bust through that green line and make a move to test a double top pattern. If that happens, look out below! I'm overall bullish based on technicals, but bearish to start next week. I positioned my account appropriately yesterday and today to survive the profit taking.
AMEX:SPYShort
by Bankuur
1
The Golden FIB Bottom - 10 Reasons Why Bitcoin is Bottomed Out !Hello, These are my 10 Reasons why I think BTC is Bottomed out ! I am a huge bear when it comes to Bitcoin and I believe I am not alone anymore, the possibility of Bitcoin going lower has actually kind of became mainstream. The problem is that people always look at what happened in the past to predict the future, as this crypto space got bigger alot of investors and traders als got more mature. Almost every investor knows the saying sell the news, and with the CME crash in 2017 people are scared of what BAKKT will bring us. Everyone in the world is predicting a pullback to atleast the 8K region so why would it go there ? Don't forget that I was a big bear before this (look at my recent post where i called top 12K). Here are my 10 reasons why I think Bitcoin is bottomed out 1. Monthly RSI Trendline Bounce 2. Daily RSI Trendline Bounce 3. Monthly Golden FIB Bounce 4. Fake Out ! (Pumps right back and gets supported on REAL trendline) 5. Perfect 100 Daily MA Bounce (Retest) 6. Perfect Close Above Daily EMA RIBBON 7. Perfect 0.236 FIB Bounce 8. 3 Monthly Red Candles (3 Red Monthly will confirm Bear Market!) 9. Bakkt Launches 23 September (Buy the news this time ;)? ) 10. Apply Own Reason Here :)
BITMEX:BTCUSD.PLong
by themarketdog
6
Facebook Shares are strong as tankEven for short term corrections may happen, values are getting higher and higher each day. We can see the double dip to the purple baseline of triangle and than a steep upwards move came. When the purple triangle will be completed, I'm expecting a steep rally upwards. First target will be 219 which as ATH (all time high) and than it will set a new ATH. Reverse head&shoulders formation (can be seen in green) also confirming the coming upmove. First target of head&shoulders formation will be 219 which is ATH and confirming our first guess. Next target is 234 which will be the new ATH if it can reach up to that point.
NASDAQ:METALong
by Emrut
S&P 500 seems that it'll test to break ATH resistanceS&P 500 index funds has a characteristic, once the value breaks support of uptrend line it makes a steep downturn for a short period. Right after down movement, a new uptrend rally starts. Let’s see a few examples, look at the green uptrend lines In the short term we have two scenarios; 1. Green Arrow; If the value bounces from the 2914 support or from green uptrend line arouond 2900’s, new target will be the resistance of 3030 which is all time high (ATH) btw. If it also breaks the ATH 3030 resistance, we have to look at other formations to form a new target. My Opinion: It would be very hard to break the ATH with such short uptrend line. Trend would not be so powerful but this also can be a silly idea as well. 2. Red Arrow; (higher chance in my opinion) If it breaks the support of 2914 and green uptrend line, we may see a longer downtrend period. Than our first target would be 2862 and than 2733. After the bounce back we can start a new uptrend to break the all time high 3030 resistance. And this time the uptrend line will be more powerful and will have more chance to break the resistance. As a result, even it has some down movements general momentum of S&P 500 index is very powerful.
SP:SPXLong
by Emrut