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EMAS

Bitcoin Daily Update (day 337)Disclaimer: If you are primarily interested in copying other people’s trades then this is not for you. However, if you are willing to put in the work that it takes to learn how to trade for yourself then you have found the right place! Nevertheless please be advised that you can give 10 people a profitable trading strategy and only 1-2 of them will be able to succeed long term. If you fall into the majority that tries and fails then I assume no responsibility for your losses. What you do with your $ is your business, what I do with my $ is my business. Click here for my Comprehensive Trading Strategy | Click here for my Comprehensive Trading Process | Click here to learn about the 2 BTC' to 20 BTC' Trading Challenge Consensio: M MA > S MA > P > L MA Patterns: Phase 7 Hyperwave | A&E | Bear Channel Horizontals: S: $3,742 | R: $3,820 Trendline: Parabolic SAR: W: $4,216 Futures Curve: Backwardation Funding Rates: Longs receive 0.0183% BTCUSDSHORTS: Rejected from 9 EMA. Will be interesting to see if it makes lower low TD’ Sequential: Bullish price flip with todays close, current candle is trying to make bearish price flip Ichimoku Cloud:.Watching for close above Tenkan-Sen Relative Strength Index: Continues to support > 50 Price Action: 24h: +0.21% | 2w: +6.6% | 1m: +12.1% Bollinger Bands: Continues to support > 50 Stochastic Oscillator: Monthly buy signal in confluence with weekly buy signal is very rare / powerful Summary: In a Telegram conversation with Leah Wald I mentioned that “I can’t remember the last time I felt this bullish about crypto” . This is only the second time we have gotten a monthly Stochastic buy signal < 20 and the first time it has been < 10. The last time we got that signal it called the bottom of the 2015 bear market. Just so happens that both occurred on a monthly red 8. I do not think we have found the bottom due to lack of capitulation / FUD as well as Hyperwave theory, however I do feel very confident that we are in for a strong bounce over the next couple weeks / months. First target is the top of the bear channel that is pictured above under ‘trendlines’. If we breakthrough there then I expect a $6,000 retest / rejection which leads to capitulation and a return to $1,000 / Phase 1. However everything hinges on closing above $4,200. That is due to the massive gap in the visible range volume profile. If we breakthrough $4,200 on a daily closing basis then that is the final confirmation I will be waiting for. I have already started to build my positions and am ~30% entered. Will make sure that I am 100% entered if we close above $4,200.
BITSTAMP:BTCUSDLong
by Sawcruhteez
When to buy & hodl, when to sell & wait... in a simple equationIt's so cliché but... if Bitcoin was actually subject to repetitive cycles? According to this hypothesis, we would then have the following "algorithm" for investors: WHEN (RSI14 > 90) AND (MA9 > MA20) THEN IF(1st Occurence == True) THEN // Bear Trap! WAIT (OR... SELL and BUY the correction soon after) ELSE // 2nd Occurrence = Bull Trap! SELL and WAIT WHEN (RSI14 <40) AND (MA9 < MA20) THEN // Oversold RSI and EMA Cross Strategy BUY ZONE Too simple, too basic? perhaps... :) (What you can add a dozen other buying indicators by reading my related ideas)
BNC:BLXLong
by MaxHodler
2
Comportamiento dentro de la consolidacionEUR/USD en analisis semanal notamos una consolidacion peligrosa, con una linea de tendencia que tuvo un falso rompimiento, se encuentra en un punto donde podemos notar, que puede toca linea de tendencia alcista semanal, respetar soporte y rebotar a la linea de tendencia bajista semanal. Confirmacion de entrada a la compra: cruza de emas y estrucutura de mercado alcista. Confirmacion de entrada a la venta: Rompimiento de linea de tendencia alcista, y accion del precio; soporte a resistencia.
by EmilioFx
BTC Update! Bears seeing follow through...Welcome back everyone! Hope everyone enjoyed the Holiday! I know I did with minimal going on in the crypto markets until today. Last chart I discussed continuing to remain cash since my last profit taking up in $3900's as I did not believe the low at the time of $3775 was enough for consolidation on daily chart and we would see lower. We bounced around sideways and did break lower but nothing significant and finally today we saw the supports start caving and stop losses trigger. This gave for a nice spike in bear volume and the big red candle with a flush down from mid $3700's to $3600 fairly quickly. We are again flagging out sideways now and will see if this is just a bear flag before dropping another leg down or not. $3567 is the new low to hold and personally would love that to be our higher low on daily. I'm comfortable there playing bullish but thus far we are seeing a weak bounce off which makes me cautious. I'll continue to maintain patience as there is just absolutely no rush for a position at this time personally. Daily chart has us under EMAs and 4 hour chart has use rejecting from EMAs which previously served as nice support and now have become resistance. $3437 is the next support level below todays low of $3567, 4 hour RSI is back towards oversold but that can get pretty extreme so would not place much emphasis on it. We (meaning those playing bullish only) are back to fighting the trend. We were in a nice uptrend on 4 hour with higher lows and higher highs but since then we are back to lower highs and lower lows. It is very risky to take on bullish positions when you are battling the trend so pick spots wisely, recognize those stop levels and stay patient. I last took my profits in $3900's six days ago and have zero issue sitting on cash since then. Just My 2 Sats!
COINBASE:BTCUSD
by My2Sats
1
Looking for feedback on an indicator I'm developingI've been working on an indicator to help me out with swing trades and buying the right dips, and knowing when to sit out. I'm new to trading and I find that breakout trading isn't the best strategy, and it actually rarely works when we're in a downtrend as we currently are. So how to have the confidence to know which dips to buy? Here's a strategy I'm playing around with and I'd love to get your feedback. Am I missing anything? Are there other indicators with similar strategies you can point me to? Leave a comment and let me know!
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by McGuireTO
11
ZIL within an ascending triangle pattern, looking to break out.ZIL/BTC is currently in a shorter time-frame ascending triangle. On the larger time-frame, ZIL is within a Symmetrical triangle it has been forming since mid August. We are currently retesting the 540 level, which is also our .5 fib level, and it is currently acting as resistance (It is also the top to our ascending triangle.) Alongside that, the 200 EMA on the 4-hour is also at that 540 level, and the resistance line from our longer-term Symmetrical triangle is around 543-550, and should most likely act as resistance as well. Lots of obstacles to climb through, but should it break out, it could go on a seriously strong run. Entry: 525-530 (Under the assumption this current break-out attempt will fail, and we will retest the bottom of the ascending triangle once more.) Entry: 535-540 (Current levels under the assumption that this break-out attempt will succeed.) Entry: 545-555 (Buying on break-out, and/or waiting for it to retest this current resistance area as new support following the break-out.) Shorter-term targets: Target 1: 575 Target 2: 600 Target 3: 650 SL (Tight): 515-520 (Below the Ascending triangle.) SL (Loose): 485-490 (Below the recent low of 494, and below our .618 fib support level.) --This is not financial advice. Always do your own research and come to your own conclusions before buying/investing, as investing in cryptocurrencies comes with high risk and high amounts of volatility.
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by Deftsuo
The World's Simplest Profitable Strategy Tron (TRX)A lesson on the golden cross and the death cross. Very simple strategy on the 1 hour chart. (works on all time frames) Look on the chart and you'll see we have two ema's. The orange is the 50 ema and the blue line is the 200 ema. Golden Cross: when the the 50 ema crosses the 200 ema, resulting in the 50 ema being ABOVE the 200 ema. Death Cross: when the 50 ema crosses the 200 ema, resulting in the 50 ema being BELOW the 200 ema. During an uptrend the ema's act as support During a downtrend the ema's act as resistance So when we see a golden cross, we buy. When we see a death cross we sell. Sounds simple right? Well that's because it is. To make this more effective we use the RSI to find divergence. Remember that divergence is when the price and indicator are moving in opposite directions. Bullish divergence: RSI making higher lows, while price is making lower lows Bearish divergence: RSI making lower highs, while price is making higher highs If we are in an uptrend and we see bearish divergence then we sell. Vice versa for a downtrend. In my opinion bearish divergence is more reliable than bullish divergence. This strategy will not give you sell buy or sell targets. It simply tells you whether the price is moving up or down. Does this strategy fail? Yes of course, no strategy is perfect. You will lose money at times. But you will make way more than you lose. It is very simple and when used with RSI it can be very profitable. You will get false breakouts but that's why we have a stop loss. You may get several false breakouts in a row but all you need is a nice uptrend to make huge profits. First trade on the left would have made you a 40% profit if you used the RSI to find bearish divergence. The second one 50% using the death cross And the last 5% using RSI On the first trade on the left had you waited for the death cross you would have made as low as 3%. This why finding divergence is crucial to being profitable. On the last trade had you waited for the death cross you would have lost money. So use the RSI when trading. Again use the RSI. Always try and catch the cross early but never ever ever ever anticipate the cross. You only buy when they cross. Not because you think they might cross. Stick to the strategy and nothing else. Be emotionless. You buy when you see a golden cross and you sell when you see bearish divergence or a death cross. To conclude this strategy is beginner friendly. Very simple and profitable. In my opinion stick to a few coins and that's it. Sure ETC surged after the Coinbase announcement but so what? Move on. Don't go chasing after it. Stick to few coins to actively trade. You can have as many long term coins as you want but stick to few that you actually trade. You'll be more profitable doing that than jumping from coin to coin trying to get every uptrend. Be patient and you will succeed. So if we look at where price is now, there is no reason to be in a trade. 50 ema acting as resistance. Wait for a golden cross.
Education
by Yo_adriiiiaan
17
BITCOIN (#BTC): Daily UpdateToday, We saw huge dropdown occured by bearish Rising Wedge pattern. BTC dropped down, below EMA21 and EMA50 again. It can be seen that these two trend lines are a strong opponents for BTC. We saw some false attempts to break EMAs trend lines, but the true breakthrough still did not happen. Today's goal is to close above $7550, above EMA trend lines. Then targets at $8K and $9K are still reachable. If BTC fails again, we will have new opportunity to buy some BTC at price around $7150. I hope you enjoy my charts, please writte your comments, hit that like button or follow me. Thank you!
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by AsBobbyDigital
OMG another leg up sooner than laterOmiseGo is soft touching an ascending trend line, is in the pitchfork mid area, the only thing it needs is to cross above EMAs 10-26-55 and close the candle above them in the daily Chart. It's growth has been a sustainable one so I don't see other reason than a bitcoin price action reason not to have a healthy growth in the short-mid term for OMG. Modest Target should be the average line of the pitchfork in the mid run, that's over 300k sats. It also needs a lot of more volume and buying pressure to sustain the uptrend, but this is not outta ordinary situation in the actual market panorama. Can it go lower? yes, everything can turned out different in the next 12 hrs, at 6hrs chart it has support by Ichimoku cloud so the odds it can bounce from that point are good.
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by G0ldenross