Gold will fly soon or sooonerto open any long position wait for price action signal in the Daily or weekly time-frames but there are many evidences that prove Gold would fly soon.
1- price in weekly time-frame is in long-term uptrend and just above EMA50.
2- its 3rd time that price touches this EMA and in the last 2 times , price has respected this EMA.
3- the S/R important zone of that is located in around 1760 usd is weekly and daily S/R zone.
Exponentialmovingaverages
SUSHI fractalLook at what happened the last couple of times the leading indicator went over the lagging indicator on the MACD for Sushi whilst price was above the 50 EMA.
Will history repeat?
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Please feel free to share your view on this pair down below in the comment section. I'm more than happy to be challenged and have an interaction on this idea.
Also make sure to leave a like as it helps me out a lot!
How To Trade EMA here i have set very good example on how you can trade EMA
it's common for every asset that it follow the price of EMA ( the moving average )
let's take example i set 7 ema on weekly chart so it's total 49 days moving average so if price make bounce above this ema on weekly something has been cooking in the asset . it's 49 days downtrend
same breakdown of EMA ( exponential moving average ) also shows upcoming correction in price on higher timeframe
so don't ignore moving average use this EMA with the triangle and other pattern and make your trading better
any asset always respect it moving average price if fall below major ema than it will take resistance if goes up than it will bounce when it touch EMA
2016 BTC Did NOT Break ATH on First PassRetro Chart I've been posting and its hitting similarities in 2020. Just hit the Daily 21 EMA, might test the Daily 89 EMA...didn't test Weekly 21 EMA unitl January 2017, but by then...the Dip to the 21 Daily EMA was still Lower than the Januaru Dip...Prices Never Seen Again...
Somebody gave BTC an early Pitchfork for ChristmasLet's have a look at $BTC again. BTC is so close to making a new All Time High. If we look at the weekly chart, we can see that at the moment, BTC as found a bit of resistance at the upper Pitchfork Resistance Line. Depending on when BTC breaks through it and depending on when it breaks through it's 100% Fibonacci Resistance Level which is its ATH, then there is a clear run up to around $23,100 which is the last resistance of our Pitchfork Pattern. If BTC goes parabolic after that breakout then the next level of resistance is the 161.8% Fibonacci level at around $29,529. This really looks like it is the year that every hodl-er has been waiting for, but this time backed up by real Volume instead of speculation! I hope this is helpful. Good luck. 👍🔥 🚀🌔
ADA looking greatADA is looking really fantastic on the daily chart. ADA is pushing hard on that 78.6% Fibonacci Level and looks like we will also break through the first Pitchfork resistance. We have broken through our Ichimoku Cloud resistance and are now in the bullish zone with quite a bit of distance from our last yearly high. Looks like it could be a good Christmas. Good Luck
HOW TO SET UP MOVING AVERAGES AND INDICATORS IN TRADINGVIEWThis video is for beginners who want to set up moving average and volume indicators in their Tradingview Account.
You will learn how to chose your time-frame
Set up 3 moving average lines
Set up Volume
Change a volume to top or bottom pane
Save charts as a template to use over and over again.
Determine Trend Reversal Using RSI Indicator With Price Action1. Price created lower low and RSI higher low (tight divergence - oversold).
2. Reversed on demand zone with candlestick pattern.
3. Broke down trend structure with retest as confirmation.
4. Price went above 200 EMA and used it as support.
BTC & Daily 21EMA 2016 Bull RunLook at BTC and how from Oct 2016 thru begining of January 2017 BTC NEVER CLOSED a Daily under the 21EMA...but did bounce off of it several times.
The arrow show where we are relative to 2016
BTC is due for a Daily 21 EMA bounce
Once it hits ATH it will retrace to the 61.8-65% Golden Fib Pocket
If you want to ride to the top, buy in at 13800 Daily 21EMA and rising...moving up daily so buy-in level will change
...or wait for the Weekly 21EMA Bounce in January
I see $21,500-$22,500 as a top-out point on this run..we'll come back next year and see if I was correct or not...
US30 Dow Jones Industrial Average - express elevator to hell?It's starting to look very similar to the big Feb 2020 drop 🤯
DJI close shaveDJI came damn close to breaking through that Ichimoku Cloud Support! If it didn't get saved by the support then it quite possibly would've broke through the 200EMA and we would've seen the Conversion Line cross back under the Base Line of the Ichimoku Cloud. If it eventually does, then we'll probably see 25000 again which is around the 38.2% Fibonacci Level on the daily. Maybe not today, maybe not tomorrow, but maybe soon! 🤔 The STOCH is also indicating there is room to drop further on the daily before getting into oversold territory. It'll be interesting to see if it can break back above the resistance of the Base Line on the daily. I'll be interesting to see what this week brings! 🤔
ADA, ADA, where for art though ADAOn the daily chart, ADA is finally out of its Ichimoku Cloud equilibrium zone and back in the bullish zone. I would've preferred if it broke out sooner and with a Conversion Line cross over the Base Line above the cloud or at least within the cloud for a medium bullish signal. ADA is a also back above its last yearly high which is now a major support level. Confirmation will have to wait as we do not have a new green cloud yet or a conversion/base line cross so there is a possibility ADA may dip back to its last yearly high, especially if Bitcoin drops back to its 78.6% Fibonacci Level on its weekly chart. We now have our last yearly high, 38.2% Fib, conversion Line, Base Line, cloud support levels, 23.6% fib and the 200EMA to cushion any potential drop before we even get close to breaking out of our Pitchfork Pattern on a downward trend so i am not worried. The STOCH is indicating we have the possibility to go higher before we get into oversold territory. With the anticipation of Goguen announcements in a few days, we could see a spike approaching the end of next week. Long-term, ADA is still poised to follow its upward Pitchfork pattern. I hope you found this helpful. Good luck 👍
BTC, Ichimoku Cloud and a partridge in a pear treeLets have another look at Bitcoin because as everyone knows, bitcoin's movement effects alts like ADA and LTC ect ect. I'm Just concentrating on longterm weekly chart for this one, obviously if your a day trader or impatient then i suppose this post isn't for you. On the weekly chart, BTC actually looks like its on track to regain all its losses from its downtrend that started in June 2019 and finished in March 2020. If you look at the weekly BTC chart you can see that the Parabolic SAR indicates its been upwards momentum since the March 2020. Yes, Bitcoin is going to dip and it may even retrace back to the 78.6% Fib Level on the weekly, but longterm it looks very likely that it'll smash through that June 2019 high. This is also good for ALTS. Also well done to all those who bought BTC back in March 2020 and held strong 💪. I hope this was helpful. Good luck 👍
Relative Strength Index Masterclass Part 2Relative Strenght Index Part 2
In the previous masterclass, we saw the two different ways of using the Relative Strength Index as an indicator. In Part 2, we'll look out for two other ways to use RSI along with other indicators.
The two previous ways were:
1. Oversold-Overbought Region
2. 50-Level RSI Midline
Moving forward the two more ways are:
3. 2-Period RSI + Simple Moving Average (SMA)
2-Period RSI:
2-period RSI is the shortest and most volatile RSI signal which can be used
A 1-period RSI cannot be used as it will merely give just two values, either 0 or 100 as a 1-period RSI will consider values from just the last 1 candlestick
2-period RSI will generate trade signals at the local highs and lows of the predominant trend and will lead to a reversal in the market price
Therefore, 2-period RSI Strategy is also known as Mean-Reversion Trading Strategy
The 2-Period RSI will generate a signal using a Threshold of 95-5, with price above 95 in the overbought region while below 5 in the oversold region
200-Simple Moving Average:
200-SMA is a Simple Moving Average of the past 200-candlestick
When price moves above the 200-SMA, the market is moving above average and indicate a bullish trend
When price moves below the 200-SMA, the market is moving below average and indicate a bearish trend
Thereby, 200-SMA giving the predominant trend and 2-Period RSI generating trade signals.
Thus Buy when the price is above 200-SMA and RSI<5 while, sell when the price is below 200-SMA and RSI>95.
4. RSI + MACD
RSI:
The RSI will generate a signal once a predominant trend is generated using MACD
The threshold for RSI will be 70-30, with price above 70 in the overbought region while below in the oversold region
The lookback period for RSI is taken as default (14)
MACD:
MACD is a trend-following momentum indicator
MACD is calculated by subtracting 26-period EMA from 12-period EMA, resulting in MACD line
A nine-day EMA of MACD results in Signal line
When the signal line is above the MACD line indicates a bullish signal as small period EMA is greater than the long period
When the signal line is below the MACD line indicates a bearish signal as small period EMA is lesser than the long period
Thereby, MACD giving the predominant trend and RSI generating trade signals.
Thus Buy when the Signal line is above MACD and RSI<30 while, sell when the signal line is below MACD and RSI>70.
A lot more interesting things can be done using RSI, but we'll move to the next indicator in our next Masterclass. STAY TUNED
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- Mudrex
If weekly 21 EMA doesn't hold...It's easy to get caught up looking at lower time frames. Make sure to zoom out and look at the big picture to keep perspective. The key factors in play at the moment are:
The bulls and bears are currently fighting over the key psychological $10k level.
Falling below the weekly 21EMA (with a candle close confirmation) is usually a clear signal that we are entering a prolonged bearish period (the 21EMA is currently $9954).
Staying above the weekly 21EMA is usually a clear signal that we remain in a strong bullish period.
Our current level lines up with previous tops in April 2018, Oct 2019, Feb 2020 and May/June 2020 and should offer strong support.
A CME Futures gap exists between $9665-9925. Regardless of if you believe "gaps must fill", the fact is 99% of the time they do get filled, by coincidence or not.
Any worse-case-scenerio dump, like back in March, should experience support with the immensely strong 200 weekly moving average (also converging with the 200 exponential moving average)... both currently sitting around $6600.
We are also back-testing the two year long resistance line that we have just burst through (also converging with the 21EMA)... if they hold as support this could prove the perfect launch for a push back up to $14k.
Save crucial space on your Trading View chart by utilising the free RSI and StochRSI indicator which overlays both in a clear and helpful fashion. Add the essential EMA/SMA indicator to your chart too.
Please give me a thumbs up and follow me if you found my analysis interesting. This is for educational purposes only and not a recommendation to buy or sell.
ADA, Ichimoku Clouds, Pitchfork, 200EMA and a Parabolic SARMy first post so it's just a simple chart but seems promising to me. If we look at the daily chart for ADA, ADA has managed to stay above its 200EMA, the Parabolic SAR has started to indicate a upwards momentum, we are out of our Ichimoku bearish zone & back in our Ichimoku Cloud equilibrium zone, we have our A,B,C of our upwards Pitchfork pattern and it looks like ADA will break back above the last yearly high and if that Conversion Line (Tenkan-Sen) crosses back over the Base Line (Kijun-Sen) on the Ichimoku Cloud , there could be good times ahead for Cardano buyers. 🤔