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Exponential Moving Average (EMA)

A Neutral Idea on BTC not Bear or BullNOTA: Para Español, Ir hasta abajo! What do you say about this scenario, Sellers are getting tired if you can say it so, we have less volatility day after day since weeks ago, maybe it could indicate a bottom perhaps??? we are at #1 return point I signaled before on other analysis, we can have a Bounce over the 6k support line, we have been here for 3 days in a row, that didn't happen since months ago, and the SAME Logic used for resistance we should use it for Support TOO. Orange Line #1 IF in the next hours we don't break down this Support Area to the 5.4k levels and downer, we should have a spike. And this SPIKE should Break the 6.4k Level of resistance (a Relevant one) which is converging with EMA 26-30 too, AND the bearish Trendline (So this is a Big Resistance Area Right Now). Then, We can make a Trip to the next Resistance Trendline in the 8.2kish (Remark This) We could Break it for Further movements or be rejected as expected to lower points maybe bellow 6k to 5kish and lower. READ THIS WELL AND CAREFULLY, don't get caught by FOMO later and don't say no one warned about it, This could be a trap for bull and bears too. Blue Line #2 We can definitely break the bearish trendline from January, and we can go again to test the 10k, specifically 9.8k (in this area there is a lot of Resistance too and it is a psychological WALL like the GOT one with the white walkers and stuff). We can expect a rejection here since it is so hard to pass thought, indicating a False breakout of the January Trendline and go to retest again 6k and lower supports. (Maybe to #2 Return point-you shall see previous analysis to know what I'm talking about). Yellow Line #3 We break #2 Setups and go to next resistance at the 11-12kish area, were major Resistance is stablished before a Bull run can set it's foot. This is the furthest target I honestly can see within my scenarios. I expect a rejection here if we consider a market cycle not finished yet at this point. IF we get over this area (12k) then a bull run or at least near the 20k run could easily take place (I would have to do other calculations here) so in essence consider this scenarios. Red line 1 and 2 #4 We break Down the 6k levels to next support areas 5.4k and 4.5k with the lowest probable point in the 4.2k, at the same time we get at the 2nd point of return (check previous analysis) and get in a stable growth. NOTE: Other fact I can support on is the RSI, it shows a possibility for an upward movement in July, Check the RSI and it's previous behavior, right now it is testing resistance, if it breaks it we shall see further movements on the price of course. Good Luck!. __________________ ESPAÑOL ¿Qué dice sobre este escenario? Los vendedores se están cansando si se puede decir, tenemos menos volatilidad día tras día desde hace algunas semanas, ¿tal vez podría indicar un fondo quizás? estamos en el punto de retorno n. ° 1 que señalé antes en otro análisis, podemos tener un Rebote en la línea de soporte de los 6k, hemos estado aquí durante 3 días seguidos, eso no sucedía desde hace meses, y la MISMA Lógica que se utilizó para los puntos de resistencia, deberíamos usarlo también para Soportes.
by G0ldenross
5
ETHUSD 1H How to Profit from trading PullbacksStep #1: Identify a Bearish Trend which is characterized by a Series of Lower Highs and Lower Lows Identifying the direction of the trend should be a fairly easy process. The easiest method that our team at Trading Strategy Guides likes to use to identify the trend is the swing low and high structure. In essence, an downtrend is defined as a series of lower highs followed by a series of lower lows Note* It’s important to use the higher time frame to determine the trend regardless of the time frame you normally base your trades on. Step #2: Switch to the 1h Time Frame and Wait for a Pullback against the downtrend After successfully identifying the trend, we can switch lower to our preferred time frame. It can literally be whatever time frame you feel more comfortable with but, for the purpose of this pullback trading strategy, we use the 1h time frame. Step #3: Place Your Fibonacci Retracement Indicator between the last swing high and low levels, prior to the pullback. Identify the most recent swing high and swing low and place your Fibonacci retracement indicator between the two swings. Step #4: Sell Anywhere Between the 50% and 61.8% Fibonacci Retracement area After you’ve placed the Fibonacci retracement mark on your chart the area between the 50% and 61.8% Fibonacci retracement and sell as soon as we trade within that area. It’s up to you whether or not to sell as soon as we hit the 50% or to wait for the 61.8%. With experience, you’ll be able to fine tune your entry and profit from trading pullbacks. Step #5: Place the Protective Stop Loss above the Swing High The last swing high used to draw the Fibonacci retracement levels can provide us with a very attractive place to hide our protective stop loss. A break above the last swing high will invalidate the trade so we want to minimize our losses and get out of the trade. Step #6: Take 1/2 Profit once we break below the Previous Swing Low In order to profit from trading pullbacks we need a strategy for taking profits as well. In this regard, the ideal place to liquidate our position is once we make a new low. The market never moves in a straight line and most of the time after we break to new lows a pullback occurs most often than not. So, if you want to be in an out of the market very quickly that’s the easiest way to profit from trading pullbacks. Alternatively, if we want to maximize our profits we can only take half of the profits once we break to new highs and the remaining half of our position to be taken at a Fibonacci extension level. We exited at the -61.8% fib extension. Note** The above was an example of a SELL trade… Use the same rules – but in reverse – for a BUY trade. PM me if you want to read the complete strategy.
BITFINEX:ETHUSDShort
by Tradingstrategyguides
BTC recovering a bit at the momentRight now we have a bounce in Major Support area, Although it was broken. We have Buying Climax, Good bull pressure at the moment, but be careful with traps, you all know my strong analysis. We can be headed to 6.9k where I found first good resistance using Fibonacci, if we can get pass through this area, we might try to break stronger resistance at 7.6k, speaking of which we couldn't get pass last week, so I really don't believe we will this time- I'm just aware that anything can happen, and indeed, we can break it. This is a 'zoom in' chart analysis. we also have RSI showing strength and a bounce in the 20 level at oversold area, and has crossed above the smoothy EMA so, we also have an important resistance at level 56 in RSI but I guess that just something to watch out not SO important. I will be updating this chart as soon is showing some good info! Give a like guys!!
by G0ldenross
1
200 EMA playing supportHere's a brief update on EUR/USD cross. The main downtrend channel broke and what was earlier a difficult to break ceiling, the 200 days EMA, is now playing the role of a support. Its role can be shown in the 200 EMA rejection that happnened (with consistent volumes) today. Overall the trend seems a bullish one but the macroeconomic situation (Italian situation, trade war...) can deeply affect the future developments of the cross. ***As usual, not a trading advice but merely my idea for informational and educational purposes only***
Long
by SteveEnnom
Bitcoin at a turning pointQuite a lenghty analysis, worth reading in my opinion. Bitcoin is currently showing signs of weakness. It is no secret (see my last analysis) that it is into a downtrend and the breaking of the bear flag confirmed it. Prices are still trading below the 200 days EMA and that level had been tested at least four times in the last month in the 4h chart. Every time rhe prices approached the 200EMA, there has been a major pullback. That level, in my opinion, will keep being a major level to watch. Both for psycological and technical resistance. Parabolic SAR (not shown in the chart) shows signs of weaknesses too. It simply confirms the bear market we're in at the moment. Volumes are definitely low at the moment. Seems like the market is accumulating and "sidewalking". This shows uncertainty in the market and it is definitely not a good sign, especially if coupled with a bear market. Technically speaking I highlighted two major areas to focus on. The green one, around 9400, shows the level at which a reversal may appear. The breaking of 9400 (with a supporting volume) may signal the end of the bear market and the reversal of the trend into a bull market. The red one shows the current support at around 7800. If such a level is violated BTC is likely to fall even more and at a faster rate. A possible TP could be identified by the prolongation of the "pink line" that plots the uptrend support of BTC from it's launch. As a side note, less technical and more "macroeconomical", we are noticing how the market is getting somehow more mature. The big boom that took prices up to a 19k figure now diluted and even the appearance of institutional investors (big investment banks) into the market did not inflow much more liquidity into the system. Although I still think this market is headed for the collapse I think it will take some time. As a final thought, remember that "cash is a position"! **Not a trading advice, merely my idea and analysis for informational and educational purposes only**
BITFINEX:BTCUSD
by SteveEnnom
Bitcoin BTC - Future's indicator directionBitcoin Futures being a indicator within itself, although considered small in comparison to traditional futures, can predict trend reversals. Using three indicators: Price (direction), Contract Volume (contracts traded within day increases pressure related to price direction) and Open Interest "OI" (contracts rolled over at end of day determine flow of revenue) as criteria become particularly useful as reversal signals. We have had net-long positions (both early contracts and current, for those who expected price reversal) liquidated due to downward price trend and market uncertainty, this is displayed within both Cboe & CME. Onward from this we had an increase to contract volume & open interest as shorts were created now currently being covered as slight consolidation of both volume & open interest showing. The pattern displayed is that of initial bottoming of price/volume/open interest, following the "flowchart" of futures indicates consolidation of all three indicators before a final direction is chosen being these three indicators are contained which provides large leeway either side. While futures are affected by technical analysis such as Flags, H&S, EMA, those are usually on smaller time spans and rely on previous data and a lot of the time are already priced into the futures created. Looking at the CME Futures spread, overall the contracts are increasing hence the black upward trend which should be expected due to the limited time-span and nature of Bitcoin Futures, this should be taken into account when determining levels but should also be taken as positive when viewing Bitcoins future (as need both buyer/seller to create contract, spread hasn't changed much) Quite interesting the US capital gains first quarterly tax is due around the April expiry of Cboe Futures. Futures would indicate that the price range is bottoming with possibilities of most likely one more price drop before market rise, before US tax, Market rise after vol/OI consolidation or most unlikely, replay of net-longs being liquidated adding downward pressure to price to find a new bottom. This being only an signal should be taken into account with others such as volume (Sigwit now implemented by major exchanges but volume level seems to indicate traders are selling to traders, Retail is needed for recovery) and the Trend Line & Weekly 50MA converging to add support to break $11500 major resistance, both of these are needed for overall trend reversal but with volume proceeding trend, Futures are starting to become effective indicator for when large flow of money initiates. www.cftc.gov www.cmegroup.com BTC is seeing some tough times , so I should write this: ***Education Purposes only***
BITFINEX:BTCUSDLong
by CerealTrader
Bitcoin - Elliott Wave RiseAnalysing this channel for a possible exit...not downwards/sideways but upwards. Can see price consolidation within the current channel of Mcginley Dynamic and 200EMA as volume is now at lowest level since $6000 although becoming reactive at any chance of trend reversal, good sign, showing trader's hunting for a bottom. It seems likely volume will continue to be a issue during future resistance levels, as they say "volume goes with the trend" so without volume we are going nowhere. .......how do you get volume without volume, still researching this question. RSI - holding steady around 40, definitely can be seen as undersold with room to rise but without volume it may have to retrace slightly downward under 30 or align with another indicator for this to be beneficial. StochRSI - Bearish, oversold and heading downwards, will add pressure to increase time span before Elliott (ABC) commences. MACD - Bearish, waiting for lead up with entanglement on the cross-over. The end of the Elliott Wave (12345) price dip could lead to a increase of volume, if this happens, it could result in an initial RSI dip making undersold a viable trade. What would make the Elliott Correction Wave (ABC) attractive is if BTC price rebounds back into the Green upward channel (created from current price stagnation and current Fibonacci Retracement) & above the McGinley Dynamic (which would become support) This would likely see slight trend correction which will again face resistance at 0.786 Fibonacci & then 200EMA (B & C). Being that BTC is currently holding the 0.50 Fibonacci level which is converging with McGinley Dynamic, sideways movement from this point may break down the future Elliot wave (ABC) Side Note: With Volume so low and CME Futures at record Contracts (Open Interest is low, but this could be seen as reason why price has lost volatility. www.cmegroup.com
BITFINEX:BTCUSDLong
by CerealTrader
2
Temp. resistnce/spprt update for BTC. Inverted h&s still in playEver since the bullish hammer spinning top 1 2 punch combo we've been on a nice up trend. yesterdays day candle finished strong right under the white 38.20% fibline ($10400) which was the previous 4 hour candle's line of resistance but has become the current 4 hr candle's support line. Yo can also see how the current 4hr candle dropped a wick down that bounced up off of the 20EMA. The 20 EMA(in purple) could potential be retested as the line of support for our low of the day...but the body will probably find the white fib line as its support. As far as the high of this current 4 hour candle and the high of it's body goes... it's still too early to tell but I notice we have already bounced down from about the halfway mark between the white fibline I spoke of earlier and the next fibline above it in red at the 23.60% retracement extension (10590) sothis candle's price action could be very tight we will have to wait and see if there will be a break out above or below either possibilities of support and resistance before determining whether or not its worth shorting or longing any positions. Lastly the reason this has a green backdrop is because we are still very much within the possibilities of a massive infverted head and shoulders...it is currently about halfway through the potential 2nd shoulder and still heading towards the direction neckline. Very exciting if this is a valid head and shoulders because that means as I have anticipated for at least 2 weeks now that it may be possible for a head and shoulder;s head to trigger more than one head and shoulders pattern.
BITFINEX:BTCUSD
by DrDovetail
1day chart's 50ema catches bulls & keep them in the rising wedgeSo we had a crazy plummet yesterday. We were long overdue for a retracement and this one was caught by the double reinforced support of both the 50EMA(in blue) and the bottom trendline of what I originally thought was just a channel..after adjusting it to the recent price action I have discovered instead it appears to be a an ascending wedge. The pice has stayed true to this wedge every since the most recent bottom so its definitly a strong source of both resistance and support. Interestingly enough the second inverted head and shoulder target I set up in the 15000s is, as you can see, the exact same price level as where the ascending wedge ends when I drew it until both lines converge...could this be simply coincdence? Who knows but it could be that our secondary head and shoulders breakout target price is valid after all. We shall have to wait and see...the closer we get to it the less the price action is gonna be able to move. It was comforting after we started the new days candle to see the 4hour chart ater a couple red candles throw out a green bullish reversal hammer patern. I'm still cautiously optimistic that with the strength behind this ascending wedge...it can help take us all the way out and break above the descending channel we've been captive of since december.
BITFINEX:BTCUSD
by DrDovetail
Litecoin (LTC) Technical Analysis and Trading Strategy. Follow!Between COINBASE:BTCUSD and HITBTC:LTCBTC , I must saw I'm more bullish about HITBTC:LTCBTC . I think we can all agree that the lower transaction time and cost make HITBTC:LTCBTC more competitive. Buy-in and sell points for HITBTC:LTCBTC , at least in the mid-term, are indicated by RSI deviation above and below the channel with a rapid increase or decrease in prices directly before. I don't have a buy-in range because it doesn't seem like a good time to buy or sell right now. I will be updating this idea a couple of times a day on this post until we even out or exit our upward-trending channel. We're right around the middle of our channel here, so I'm holding tight. I'd like to hear your thoughts on HITBTC:LTCBTC ! Please comment below, as the more input we see, the more informed we are! *** This is not a recommendation to buy or sell, this is for educational purposes only! ***
Long
by dsgorthy