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Potential bearish breakdown of bearflag..dropped to necklineWe have tumbled to the neckline of the potential head and shoulders that magicpoopcan was warning everyone about. Many recent head and shouldrs and inverse ehad and shoulders have been fake outs but, considering an impending death cross is nearing this one may be legit...as you can see once it breaks under the enckline I'm going short with the intention of setting a stop loss a few pips above this so that if it tries to rebounc from here its not much of a loss. You choose your own aoth as this is not financial advice.
BITFINEX:BTCUSDShort
by DrDovetail
Monero - Multiple bullish signals Dear trading friends, First of all, I am following many coins/charts daily. If you want more TA please like and comment, and that is the best way to say thank you :) The XMR/BTC chart is sending some good bullish vibes. 1. First, MACD is about to have a bullish cross . That did not happen for the past 27 days! And we had more than 14 bars on the bottom side, which validates the entry signal. 2. We have a bullish pin bar forming. On a day-candle chart here, that signal is a strongly bullish. 3. We have the lowest registered RSI ever for the XMR/BTC chart. Yes, go back on the chart, never been as low as now. 4. The support has been tested almost everyday for the past 10 days and have hold. Bears have failed here, and it is now time to go towards resistance. There has been a sharp decline of the trading price for the past 15 days. It seems only logical XMR would go for an upward correction . Plus, I don't see XMR going down beyond the support with that many bullish signals. We have seen the currency explode at the beginning of the month, and I expect a rally towards at least the white resistance trend line. Stop loss at 23000 sats to invalidate the prediction. Please feel free to comment and give me your opinion regarding this. Best regards, Greenou.
XLong
by Greenou
5
Bitcoin - Golden Cross/Death Cross/Every-CrossTook both the 50MA/200MA & 100MA/200MA within 1hr, 4hr & Day time-spans. Assigning valves to each 50MA/100MA/200MA. Extremes such as DAY and 50MA/200MA cross-over indicate longer term views decreasing likelihood although registering a more powerful indicator in place as the 1hr & 4hr fluctuate positive/negative multiply times within the DAY cross-over time-span. Golden Cross - Yellow dashed arrow. Death Cross - Red dashed arrow. Green Line - Positive view including corrections on drops , dependent on volume. Black Line - Negative view only correcting on bottom. Blue Line - Little or no price action. This isn't seen as future direction, I have other graphs published for that but shows how busy the current market is with TA ( I could include Flags, H & S....) BTC 0.85% -2.62% is seeing some tough times , so I should write this: ***Education Purposes only***
BITFINEX:BTCUSDShort
by CerealTrader
4
We have closed under the buy/sell line on the 4 day.Now that we've closed 2 candles below the 50 MA it's looking like probability favors the short game over the long game. Usually we wait for 3 or 5 closes below the 50MA to confirm we are back in a sellers market first so this current 4hr candle is very important....if it closes below odds are good we have more downside to follow. A short at that time would not be a bad call...a more conservative approach would be to wait until the price dips and closes below the bottom hotpink trendline, or even after that below the lowest light pink fibline...if neither of those can hold support then more downside is very likely. Also all this recent downside make the possibility of the death cross on the 1 day chart that much more likely...if we continue to dip the 1day death cross will likely happen in the next few days. Which only means more downside...so for now probability favors the short side as does the idea....don't pull the short trigger until somewhere around 3-5 closes below the 50MA on the 4 hour though to be safe, uness you've already shorted when we started making lower highs/lower lows. If you did continue to stay short until we see a clear trend reversal.
BITFINEX:BTCUSDShort
by DrDovetail
An Importsnt look @ the 1day chart on BTC(potential deathcross?)We currently are finding strong support on the day T line(in yellow) however the 4hr charts current candle has only 10 minutes left and appears like it will close well below the recent bull flag...if so the probability of the next 4 hour candle also doing so thus confirming the breakout is pretty good. Once/If that happens we will most certainly fall under the current 1 day tline. One important thign to note is that even though we've been above the buy/sell line(50 SMA in Orange) for several days now on the 4 hour chart, you can see we're still very much below it on the 1 day chart...so in the longer term we're still definitely in a sellers market though on the 4 hour chart we've been in a buyers market...I was optimistic we would be in a buyers market on the 1 day chart soon enough as well, but am now seeing what looks like the 200 SMA(in blue) and the 50MA (in orange) are headed towards eachother in a way that the could cross paths within the next few days....if that happens based on the slope of both, you will likely see the 50 SMA cross -below- the 200 SMA which is known as the "Death Cross" and indicates that the path of least resistance is now to the downside...a very bearish signal indeed...which will likely result in me deciding to go short again until I see some sort of definitive bullish turnaround. There's a chance that something may happen to prevent the death cross in the meantime....but for now the slopes of both moving averages seem to indicate the highest probability will be a death cross.
BITFINEX:BTCUSD
by DrDovetail
like clockwork 100% Fibline & 100MA acting as support/resistanceOn the current 4hr candle BTC is "keepin' it 100" with the 100% grape colored fib retracement serving as support, and the 100 Simple Moving average acting as resistance. As I anticipated in my last idea, I thought it would test the 100SMA a few times as resistance before eventually flipping it over to support. Once we are above the 100 SMA it can usually become a very stable support line, especially once the 50SMA comes up above it to join us, that is one type of "golden cross" that signals more upside. As you can see we haven't hit the recent bull flag projected target yet of the top blue fib line, so that gives me added confidence that the 100sma will soon flip to support...we also have still not made it to the descending purple wedfge's projected target price but are getting very close. I think the momentum will remain to the upside at least until we get that far but likely even after that with all these other bullish signals developing along the way. It's best to keep your eyes open for any negative g20 news or any negative regulation or scandal news involving crypto in the mean time because one easy way to spot a trend reversal is when suddenly all the crypto news article headlines switch back from positive to extremely negative.
BITFINEX:BTCUSDLong
by DrDovetail
The Death Cross I was warning about sent the price plummeting.As I had said a couple days ago in a previous idea the death cross of the purple and blue moving average lines was dangerously close to occuring and would either cause a plummet in price or could potentially bounce off as well. The probability was much more highly in favor of the cross happening and at the beginning of the current days candle the 4hr chart 50EMA crossed under the 200EMA sending the price dpiraling downward. Major support happened at the 9200s region just as I was expecting and because of it we have seen a boucne back up. However the 50ema is still very much under the 200ema on the 4 hour so we need to see it reverse course soon if this inverted head and shoulders is going to become valid. The current bounce looks good on the 4 hour but the candlesticks on the daily seem to suggest a little more downside. On the 4 hour we got a nice green bullish reversal hammer though so hopefully the current 1 day candle will close as some sor t of doji. I still have hope for the head and shoulder pattern. Be cautious and try not to make any big moves at this time.
BITFINEX:BTCUSD
by DrDovetail
Inverted head & Shoulders still very much in play / Death CrossHey all just an update...I've pulled my btc position via stop loss last night at around 10490 but have decided to leave ethereum in for now as its doing well with robinhood...As the price continues to pullback the good news is an inverted head and shoulder pattern is still very much in play....however as you can see with the small yellow dotted lines that show the current price in a trendline with the deepest price point on the left shoulder, we might still not be at the depth peak of the right shoulders dip just yet.... the small white dotted line directly underneath the yellow dotted line has the exact same trajectory as the dotted white neckline of the head and shoulders and that line bottoms out around 9580. so we could still dip to the 9500s in fact that's the exact pricerange I see on the gdax depth chart where it looks like we have enough support volume at that pricepoint to carry us back into the 1100s.....Now I'm sure there's been plenty of head and shoulder patterns who's necklines and shoulder tops didn't run exactly parallel to eachother but there is at least a increased likelihood and mild improvement in probability that if the price did pivot in the 9500s at the parallel price point that the odds of it becoming a legitimate inverted head and shoulders once the shoulder reaches the end of the right shoulder fot it to indeed be a massive validated head and shoulders pattern with at that point after volume confirms it a lot of upside. Let me know in the comments how often the head and shoulders pattern's shoulder and necklines don't follow a parallel trendline if you happen to know or get a chance. Lastly we recently had a brief golden cross recently between the 200EMA and 50EMA but it appears the blue line and grape line are headed towards eachother again..it may lead to another death cross or it could bounce off before that happens...a death cross could be what finally pushes things down to the 9500 range. Thanks for reading...play responsibly. Always set responsible exit and entrance points to whatever fits best with your life.
BITFINEX:BTCUSDShort
by DrDovetail
IOT/USD - long term trendline, Ichimoku Cloud lines crossover?Hello! DISCLAIMER: THIS IS NOT TRADING ADVICE AND NOT FINANCIAL ADVISE. I AM NO FINANCIAL ADVISOR AND I AM NOT RESPONSIBLE FOR ANY LOSSES YOU MAKE. DO YOUR OWN RESEARCH, ONLY YOU ARE ACCOUNTABLE FOR YOUR ACTIONS! FOR EDUCATIONAL PURPOSE ONLY, THIS IS JUST AN IDEA! We can see that IOTA has broken out of it's long term trendline, although the volume was not high which normally might not be a good sign. (Price up + Volume low = risky) With the Ichimoku Cloud indicator we can see that the convergence line (blue) might soon cross the base line (red), which could normally be a weak bullish signal. Bullish because of the cross, weak because it is under the Ichimoku Cloud. Let's see what happens in the near future. DISCLAIMER: THIS IS NOT TRADING ADVICE AND NOT FINANCIAL ADVISE. I AM NO FINANCIAL ADVISOR AND I AM NOT RESPONSIBLE FOR ANY LOSSES YOU MAKE. DO YOUR OWN RESEARCH, ONLY YOU ARE ACCOUNTABLE FOR YOUR ACTIONS! FOR EDUCATIONAL PURPOSE ONLY, THIS IS JUST AN IDEA!
BITFINEX:IOTUSD
by ttt4567
Monero continues its downward trendXMR has been moving up and down quite a lot within its downward trend, with wednesday striking as low $235. Considering the MACD is indicating an upcoming uptrend, we might see another push, which I expect to be VERY short-lived. We have a death cross (red arrow) forming as the 50 EMA (blue) is moving down below the 200 EMA (green) which generally indicates a VERY weak trend. Additionally, ALTs are suffering directly from BTCs downtrend. Since Bitcoin has not hit its bottom yet and is very likely to go for another run at the $9,2k support pretty soon, we can expect XMR to move similarly, going as low as $235 again. My buy order will be at around $235, where I expect XMR to bounce back up. (The lower trendline (black) will be a very strong support) Anything can happen however, which is why we should keep an eye on both BTC and XMR movement and stay adaptive with our trades. Summary: XMR is very likely to hit its previous low from wednesday again, which is a strong support level and therefor makes for a good buyzone. Note: The blue arrows neither indicate any timeframes, nor any exact price levels. Their only purpose is to show general movement. ------------ This is no financial advice and only for educational purposes.
BITFINEX:XMRUSDShort
by Ladywalker
4
Bitcoin 12hr Death Cross on MA formed - shorting more... [BTFD]Hello crypto nerds what a week! we just had the 12hr chart confirm a huge Death Cross on the moving Averages, so still looking to short Bitcoin removed the upwards Gann Fan to make thisngs clearer and added a down trend fan, will post updates with both Fans in it since they are both in play (according to me) there is some strong support still and can see it bouncing at the various support levels, like before, we got them spot on! TA has also been spot on since the 18th, not many had the guts to call it tops her with the new moon energy flip! Remember that a blind bull will always cause damage to whoever rides it!! check the note for more info lets get ready to buy quite possible so of the most important dips in crypto history, lets the games begin and 2018 roll in merry xmas and festive wishes to all bar none x big up to everyone this year who has made this experience special and look forward to the amazing website launch and success for every BTFD member! buythefuckingdips.com
BITSTAMP:BTCUSDShort
by majorlee
16
Near-Term Trend / Short Term Support CrossShort term buying support has been steady at the $16000.00 mark since the 11th of December. The near-term trend support level has just crossed above out STBS level at 16k. I view this similarly to a simple bullish moving average cross. Look for opportunities to buy around, or just above the STBS line, with a sell stop around the Long Term Support level (currently $12900.00). This is a long term buy & hold trade. Look at exit if the market makes new all-time highs.
BITSTAMP:BTCUSDLong
by SentiMike