Exponential Moving Average (EMA)
Jump on the Bitcoin train now, next stop may be higherHi everybody!
This time I want to focus on similarities to last two cycles and explain you, why i believe we already hit the bottom of this local cycle.
First compare this chart to the very same moment od the last, 2017 bullrun:
You will notice, that in both cases, after 4 consecutives ATHs we reached the top and then bottom with very similar pattern, having higher lows on the price chart and lower lows on RSI chart which is known as "bullish divergence". Both cycles were made within ~60 days and the price action first crossed 1D EMA 50 and then hit the bottom right after crossing 1D EMA 100.
In both cases growth to drop factor was/is ~2:1.
Tell me what you think and I'll publish my another idea with wider view, showing how similar these two bullruns are, what should we expect in the near future and where may it takes us :)
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FILEcoin long setuoMost alt coins have had a unprecedented bull run over the last 8 months (as many assests have). So caution always needs to be applied but we can see that the 50 ema has not been violated by any bar closures and we can see strong bullish action on the chart.
With a space between the entry and the next two targets
Trading between the 55 and 100 EMA, short position on GBPUSD D1.My system is to buy when a new candle opens above EMA 55 and close at profit when the price touches EMA 100, but it's not like that only, before the trade should open a line must be drawn on the EMA 55 and that line must touch a tail of a candle in the previous down trend and a formed previous Zigzag indicator touching the 55 EMA but not reaching the 100 EMA yet, and the stop loss should be under the last bottom. The sell trade is the same in the other direction.
P.S: The entry should not be directly when the new candle of the same time frame opens above the 55 EMA , because we must work with 2 time frames, the actual + the one before (1D + 4H) or (4H + 1H) or (1H + 15M) or (15M + 5M), so if the candle tail touches the 55 EMA and close above it, we must watch the previous time frame and open a sell trade when touching the 55 EMA and only when a new candle open under it, so it will be a sell limit order with price touching the 55 EMA , or just sell market price when touching the 55 EMA .