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Bro. Remember the 128 day moving average during a bull market. During a BTC Bull Market, that is, the current market, BTC uses the 128 day moving average as a support. I feel like a lot of traders are feeling short term bearish when they absolutely shouldn't. Descending Triangle...I get it. But last year's descending trial which broke mega bear was during a bull market. Heres some food for thought. Although a descending triangle is a bearish pattern, perhaps the odds of it breaking to the upside are significant when one considers the BULL market that we are in. And of course, when one remembers the 128 day moving average. Bro. BTC LONG 11200...... like long trade of course we might wick a little low but all that is.......is opportunity ;-) Peace. Elbow Grease, and Fiat Defeat!!! Moon bro.
COINBASE:BTCUSDLong
by TheProfitableTrade
1
Unique indicator by DeMark: TD Moving AverageDear friends! I continue describing the collection of Thomas DeMark’s forex indicators. In my previous articles, I have already explained such tools as Today, I going to deal with one of the most commonly used indicators in the trading world. This is the moving average MA, but it is not just a usual MA, it is Thomas DeMark Moving Average (TD Moving Average). Anyone, who has ever employed this indicator, knows that it, on the one hand, is rather simple to use and sends quite clear signals; on the other hand, it has a number of significant drawbacks, as it is ineffective in high volatility markets or nontrending markets. In addition, the moving average is a lagging indicator, therefore relying on its signals alone in its usual form is not the most effective trading strategy. Of course, you can increase the period of the Moving Average to reduce the number of false signals, but in this case the lag will be even greater and there will not be much sense in such signals. If you significantly reduce the MA period, the lag from the price will be minimal, however, the number of false signals will sharply increase. Thomas DeMark invented a new kind of the Moving Average indicator. He tried to maintain the advantages of the indicator but eliminated its drawbacks. That is how there appeared two indicators: TD Moving Average I and TD Moving Average II. TD Moving Average I was originally designed as a trailing stop, and it was to indicate the level to exit a trade. However, the indicator in fact has become very efficient in identifying the trends in the market and finding out not only the right exit levels but the entry points as well. At the same time, like all other TD indicators, TD Moving Average I is drawn based on relative price movements, rather than absolute values, and therefore, no separate settings for each timeframe are required. So, in order to avoid a time-lag, you just need to track the indicator on shorter timeframes. Before I start explaining the indicator, I want to thank @GravityWave, who made this indicator available to everyone in the tradingview library. Let us study the case when a moving average signals a bullish trend It occurs when the current bar’s low is greater than all previous 12 lows. If this condition is met, the indicator analyzes the current price bar and three more in future. If during the period of these four bars, the low isn’t higher than the 12 previous lows, the line disappears. If during one of these four bars, the low is higher than 12 previous lows, TD Moving Average I will be active during at least four next bars. It is clear from the above figure that once there is a bar whose low is greater than 12 previous lows, there starts a bullish TD Moving Average starting from the 12th bar .https://www.tradingview.com/x/kYCYRC0d/ The chart above provides a good example of the rule when the moving average is extinguished, i.e. the bullish trend is cancelled. You see that the low of June 27 is lower than the previous 12 lows and the next three bars can’t consolidate their lows above the 12 previous ones. Therefore, as soon as there are four bars complete, there is a reversal signal at the fourth bar and the bullish trend extinguishes. In general, if we know how this indicator is constructed in such cases, as it is demonstrated in the chart above when the low is much lower than the previous ones, we can already understand that the lows of the next three bars will hardly exceed the highest low of the last 12 bars. So, without wasting time, we can already look for a point to exit a trade. If we go back to our example, it is clear at already the third bar that the highest low at 11 741 USD won’t be broken through, and so, one could take profit from the long trade, rather than wait until the fifth bar closes (marked with a red tick). This case illustrates how a thorough understanding of the indicator work principle helps employing it as effectively as possible. When there is a downtrend, a bearish moving average is built according to a similar calculation formula. Only 12 highs are analyzed instead of the lows. It is clear from the above chart that once there is the 13th bar whose high is lower than 12 previous highs, then, starting from the 12 bar, there starts a bearish TD Moving Average, which is a sell signal. If we apply the above conditions to the same chart, there will be an interrupted moving average, where the green line drawn under the lows will indicate a bullish market, and the red one, above the highs, indicates a bearish market. In this case, according to the classics, the entry point will be the first candle in the trend (indicated by the arrow in the chart above), and the exit point will be at the close of the bar after the projection crosses the last value of the bullish (bearish) TD moving average (the points are marked with crosses in the chart above). As it is clear from the chart above, if the market is trading flat, such trades don’t yield significant profits, and may often result in losses. To rule out such cases, one should employ this indicator together with other DeMark's tools, including TD Moving Average II. This indicator is displayed in the chart above (thanks parsak21 for free access to the tool!). TD Moving Average II is made up of two simple moving averages (SMA) that are drawn based on the close. The short-term MA is a 3-period line, the long-term one is a 34-period SMA. Whereas TD Moving Average I needs a specific condition to be met in order to appear on the chart (so that it can indicate the market is trending), TD Moving Average II is always displayed. The tree-period moving average is drawn in comparison to the close level two bars ago, and the 34-period moving average is drawn based on the previous bar. Unlike traditional moving averages, however, TD Moving Average II applies a rate of change (ROC), to each of the averages. I described the rate of change (ROC). Therefore, the market sentiment is purely bullish when the ROC is in the buyer zone, and the short-term three-period MA is above the thirty-four–period moving average. In the above figure, I highlighted such zones with green. As you see, they cover most of the bullish trend. When the ROC is in the neutral area or in the seller zone, one mustn’t buy. Those, who have long positions open, should take the profit, even if the short-term MA is still above the long-term 34-period one. Finally, if you apply the TD Moving Average I, the TD Moving Average II and the ROC together, you will have quite a safe trading strategy. A buy entry will be indicated when all the above tools send a buy signal (marked with a green arrow). However, as MAs are a lagging indicator, I recommend looking for an exit point in short-term timeframes. In our example, the entry point is in the daily timeframe. So, the exit point will be signalled when the TD Moving Average I indicates a bearish trend on the H4 timeframe. As you see from the chart above, there are hardly any false exit signals on the historical data. In addition, we have always been in the trend and taken the most profits from the bullish trend. We shall see how this strategy will perform in future. So far, I have finished describing another tool by Thomas DeMark. I will describe other useful DeMark's indicators and explain how to apply them to BTCUSD trading in my next articles. Subscribe not to miss the continuation! I wish you good luck and good profits! Great regards! Mikhail @Hyipov ________________________________________ PS: If you agree with my ideas, write “+” in the comments; if you don’t agree, put “-”. If you liked the post, just write thank you, and don’t forget to share the post. It is easy for you and I will be very pleased :)
by Hypov
16
Iota preparing for MASSIVE move!Note the following from my 15m chart: A) Iota is currently in an ascending triangle (uptrend). It is also running out of space and looks like it will break around 4pm EST. B) The 50 day moving average is currently acting as a support. C) A cup and handle has formed which is a strong indicator of an up move. D) The key here is the purple resistance line, it has already tried to break a few times (see long wicks where price was rejected). If it breaks the resistance, expect a massive move up.
BINANCE:IOTAUSDLong
by Buzz_Leighton
Bitcoin squating for another jumpIt's Friday morning and another Bitcoin Breakdown analysis. During this week we experienced the breakout from the ascending triangle formation I reported on forming last Friday. The breakout occurred earlier than I hoped as the RSI was just to high to support a large breakout. As you can see on this Daily chart, there is a large presence of bearish divergence within the MACD and the RSI. I don't foresee this to be alarm bells to start looking at an upcoming bear market, but a healthy retraction to get our RSI back out of oversold territory. While we're on the top of RSI, if we take a look at the weekly RSI for BTCUSDT it is heavily within the oversold region. This retraction will hopefully bring it back down to just under 75 on the weekly RSI and around 50 on the daily RSI before we see another attempt for the bulls to over come. My next major point is the trend line I have drawn in yellow, I foresee the Price action to trend sideways or slightly down until it makes contact with the trend line, the following it until another large breakout occurs. This a more likely than a breakdown past the trend line to test the 45MA line. I try to keep these ideas simple and effective, if you feel there is anything i've overlooked or missed please bring it forward. The more ideas the better. I If you enjoy these weekly analysis and want more please follow me and i'll be sure to continue. The following ideas are general and you should contact a professional financial adviser before acting on any investment as it may not be best for your financial position. This is in no way finical advice, so do you own analysis before acting.
BITFINEX:BTCUSD
by IRApTOIR
RIPPLE [XRP/BTC] Analysis by MorpheusAll information is provided in the chart. (Point on Yellow-notes on chart to see description) Our profile publishes analysis that focus carefully examined and identified cryptocurrencies that achieve high profits. We base everything on our own, developed scheme, the understanding of the market and its behavior. If that sounds like it could be helpful for you, please follow us and hit the like button! Tips, notes & suggestions When you place a trade, always remember to set a stop-loss. Most important rule, is to be patient. Money come and go, you will always get another chance. Never invest heavy in one trade, be sure to spread your bags on different trades. We would appreciate if you would hit the like button to support us. Feel free to comment share your idea or comment down below Morpheus wish everyone out there, a good and a healthy life in the cryptocurrency-age.
Long
by UnknownUnicorn4777944
11
Bitcoin: Looking to Test the Local HighCoin Savvy here with a quick short term analysis. There’s something I want to talk about and it’s the 377 ema. Before I hop in, I discussed in my last post ( ) about how if bitcoin crosses the monthly candle above the 21 monthly ema (bullish on a very high time frame) then I could easily see price action get up to around $6,000 or $7,000, it’ll take some time. Now it’ll obviously have to break $5450 and $5600 before that happens so taking it day by day here. The daily candle closed tonight above the 377 ema and this has been providing resistance for the past month so far. Bottom indicator: RSI is in the neutral zone trying to test that 21 ema. There’s a little bullish divergence with a higher low on price action but a lower high on the RSI and allowing the indicator to reset a little while maintaining supports. Top indicator: Stochs having a fresh cross up and pointing up Daily chart looks like it wants to come up and test like $5450-$5600 That’s all folks, I’ll be writing about the 2 day and 3 day charts once closing time comes and discuss where price action can end up next. Coin Savvy, signing off. Enjoy your night, enjoy the charts, and respect the technical analysis .
BITSTAMP:BTCUSDLong
by Coin_Savvvy
BTC - Coinbase Weekly GlanceHere is a look at the weekly Bitcoin chart on Coinbase. I have taken a SWAG at extending the 20 and 40 week moving averages to see where they might cross. I also added the RSI to see about where the bull/bear delineation might be. I don't dispute the fact that the price is going to move around these averages, but I still maintain that we have made the first step towards the next bull run. $4,100 is about the lowest possible low IMO that would still respect the weekly averages and the bottom break out. Are we going there? Nobody knows and I certainly can't say, but I do believe strongly that our range is between there and where we are today. About a $1K range guessing game. Am I going to sell at $5K in hopes of catching $4K? Nope, because we could just as easily wake up one morning and have jumped from $5K to $6K. Trying to squeeze that last little bit of speculative profit out of Bitcoin right now is just now worth it to me. I'll continue to sit tight on my long position and wait....
COINBASE:BTCUSDLong
by BitcoinBearSlayer
BTC - Bitcoin on Sale! Get em while supplies last!This is the pullback I was waiting for. I only needed a few hundred bucks to secure my last whole bitcoin. As of tonight they are off the market and sitting in cold storage. I left a few fractions to play around with, but the majority is gone for quite some time. Since 2012 whenever these two averages cross we were either in a bull market or a bear market and remained so until they crossed again. NEVER have they crossed and uncrossed momentarily along the way. Either bull or bear, that's it. Also, whenever in a bull market the price of BTC remained above both averages. Likewise in the bear market the price of BTC remained below the two averages. Right now the price of BTC is above both averages and the two averages a lining up for an eventual bull cross. I'll call it the Platinum cross as the Golden cross gets used all of the time. Also notice the breakout of the bearish channel and the approaching touch-back of the 250 moving average. This pull back is a good thing, but I think those still expecting a break below 3K or 4K at this point are not going to get it. Again, NEVER since the beginning of this chart history has the price been above both the 125 and 250 day moving averages and a bear market continued. The ONLY oscillation was right around the cross of the two averages with they were so close together that the price had an opportunity to cross above and below each average. But one the 125 (blue) crossed over the 250 (red) that was it, the new bull market was in full swing and they would never cross again until the start of the next bear market. We are there now. Not too much longer before they cross over into the next bull market. As for the capital I had put aside for the next bull run I'm all in. I literally only have two cents left in my cash account balance after tonight. How that happened I don't know. I wanted it all to go into BTC. lol I may not post much after this. I've exceeded my personal accumulation goals and now all I can do is wait. It may take some time before everyone agrees that the bull market has started but that's OK. I can wait.....
BITSTAMP:BTCUSDLong
by BitcoinBearSlayer
5
EDUCATIONAL STRATEGY 21>50>250 BUY, 21<50<250 SELLHELLO, HERE IS A BEAUTIFUL MA STRATEGY, HOW TO SET IT UP? 1. LOAD MA 21, Linear Weighted, HL/2 (Colour WHITE) 2. LOAD MA 50, Linear Weighted, HL/2 (Colour RED) 3. LOAD MA 250, Linear Weighted, HL/2 (Colour YELLOW) SIGNALS. 1. MA 21>MA50>250 WE BUY, WE CLOSE WHEN MA 21MA50 Extra, 1. MA 50> MA 250 CONFIRMED UP TREND. GOLDEN CROSS. ONLY TAKE BUY SIGNALS 2. MA 50< MA 250 CONFIRMED DOWN TREND. DEAD CROSS. ONLY TAKE SELL SIGNALS EARLY SIGNAL. 1. SELL EARLY: MA21 < MA50 ( BUT WE ARE IN UP TREND WHERE MA 50 > MA250) 2. BUY EARLY: MA21 >MA50 ( BUT WE ARE IN DOWN TREND WHERE MA 50 < MA250) WHAT TIME FRAME SHOULD I USE? H1, H4, M15,M5. What DO I DO WHEN 21MA=50MA=200Ma? DON't ENTER, WHAIT CONFIRMED TREND AND CROSS THEN ENTER. WHAT PAIR SHOULD I USE THIS? ALL CURRENCY AND STOCK. CAN I ADD ANOTHER INDICATOR? YES, ADD PARABOLIC SAR TO GIVE YOU BUY OR SELL SIGNAL WITH THIS STRATEGY. IS THE STRATEGY BEST FOR TREND OR RANGE? BEST FOR TREND, USE M5 TIME FRAME FOR RANGE. THANK YOU ALL, PLEASE LIKE IF YOU BENEFIT SO WE ADD MORE EDUCATIONAL TIPS. ACCOUNT MANAGEMENT SERVICE 0096594072143 WHATS UP.
TVC:USOILEducation
by SignalsView
The world won't end if weekly MA200 is broken!Even the legendary Masterluc himself, gives too much credit to the MA200. And yes, it is an important support, because it acted as solid support in the 2014/15 bearmarket. However, before that, the MA100 was considered solid support, and it was broken in the 2014/15 bearmarket. It seems that we go further down on the MAs, probably this time, MA300 will act as solid support, in the 2000's. A flash crash below that is possible, which would nicely line up with the 1800 area, that I had in mind since quite a while. The moving averages move such, that they creep towards the sqrt trendline, because the trendline is getting flatter and flatter with time, so that the higher numbered MA's have time to creep towards it. Therefore the square-root trendline acts together with the weekly moving averages as support for BTC. I stronlgy believe that after BTC has found the bottom in this bearmarket, and most weak hands are shaken out (as in the last cycles), we can start the new uptrend in 2020. I always also look at number of wallet growth, and daily transactions over at blockchain.info, and yes, btc is still growing exponentially, no surprises there :) Disruptive technologies always do that, and we are still far away from saturation point (will be when BTC users go into the billions) I corrected the ATH date a bit behind, after I saw the excellent analysis from TradingShot, he figured out the cycle length, which is more accurate than my initial cycle length: His chart, together with this one, should give a good estimate on the timeline and possible lows and highs of this and the next cycle. Good luck fishing the bottom in the next few months :) The strong hands will be rewarded a few years later, I am very convinced of that.
BNC:BLXLong
by SebastianofMoon
6
The Moving Average Crossover Strategy - How to choose the best?Hey there! Well, this is not a trading idea actually. I just want to present my new tool to the community. This tool will help you to choose a type of moving average to create the most profitable trading system based on crossovers. Click on the price scale, point to "Labels" and switch off "No Overlapping Labels" option to get a better view. Detailed description can be found here . I repeat NOTE: The results may vary on different tickers and timeframes. If you see the preview result it doesn't mean that these crossovers will be profitable on other instruments and timeframes. This is a normal situation because time series and their characteristics differ. I know that because I tested this tool before publishing. NOTE 2: You can use this tool by yourself and experiment with it, or you can order a study and I will share the spreadsheet that contains results. PM me for more details. Good luck and happy trading!
BITFINEX:XMRUSD
by everget
12