Goldencross
Watch for Breakout on USD/CNY, U.S. Dollar vs. Chinese YuanRecently, FX_IDC:USDCNY has been making bullish moves. First, the 65-period EMA crossing over the 200-period EMA: a golden cross. Price action began to consolidate in a fixed range, before making a false-breakout, quickly correcting itself. With increasing trade tensions between the U.S., China, and Mexico, another breakout from this supported range will be highly indicative of medium-term price movements.
Imaginery trend for todayHey all,,..,,..,
We see something soooo intresting as we see BTC is moving steadily, I expect and believe that, in next 8 to 12 hrs we will be dancing around 10050 a little spike up to 10200 and then land on 10090 dark line. then later it should come down for little rest within the blue trend lines.
do you agree ??
I told ya ! Nothing has changed in the chart !!If you look at my previous chart, I have drawn the trend lines and BTC is behaving in the same line. We are predicting this from May and As i told in previous chart June 14 15 will be game changer and next July 14 and 15 is lot more.
Just hold with patience, Also indicated that 8950 9000 is the good buy price.
Now once we touch 10500 we will have a retracement of 500-800 points.
If we break the point 9050 we will land on 8800 and if that break then 8200.
Then to fuel up maximum it can down to 7450 where it was the strong support with 3 bottom hits.
however looking at the 30 day trend line i see we are positive price trend which will not have more than 1000 points downfall.
and Great new is we are going to have a 150 day 600 day golden cross in next month which means the price is booming to sky.
If price comes down to 8000-9000 level Accumulate BTC as much as you can. because till Feb 2020 we are not going to see a major bearish down trend.
day by day the holders and new joiners are increasing.
Collect ALT coins as well with a right entry so that when BTC dominance come down to 47% we will have much more profits but this game has time till october.
Happy journey guys. be safe at 10500 level.
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This chart is why I am wiring money to Gemini tomorrow morning 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.
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I am not recommending that you do the same, and I will also be waiting for confirmation. In the mean time I want to be in ready position with fiat that is ready to convert to crypto. I do not believe in the fundamentals of Ethereum, or other alt coins, but the ETH:BTC ratio is at historical support and I intend to buy spot ETH if the bull flag confirms and then convert to BTC when the ratio rallies and / or gets overbought. If you are inclined to buy ETH because of this chart then you had better have a clear cut stop loss and take profit strategy.
I intend to buy all the way down to the 200 day EMA and exit if there is a death cross with the 50.
LTCBTC Clears that Wedge!Following up on a previous TA,
As observed price squeeze from BB indicating an imminent break to either the upside or downside. Given the bullish golden cross (50MA over the 200MA) as well as strong support evident on the 50MA, the breakout to the upside was of a much greater likelihood.
MACD has consistently defended its signal line, indicating a rejection of the bears. We await for ADX momentum to pickup for a sustained bullish price action.
Do note that Litecoin's halving is coming up in a couple months!
ICXBTC, impending breakout from a squeezeWelcome to this quick TA on ICX.
As you can see a wedge pattern has formed while price coils in towards converging Moving Averages. We can also observe price has broken above the all three MAs, returning back to the mean. The other key pattern printed is an impending GOLDEN CROSS formation, where the 50MA is testing the 200MA.
Three critical points to look out for:
REJECTION - from the overhead resistance
CONSOLIDATION - returning back to the mean, holding its support
CONFIRMATION - breakout from the overhead resistance
Good volume is observe, and maintained, signalling attention and accumulation.
Risk reward ratio is extremely favourable given that we are so low compared to previous highs, its a no-brainer. The major overhead resistance we may see would be the 50MA on the daily charts.
My planned exits would be 545 sats and 623 sats respectively, and maybe leave some for the ride. Stop loss for when it falls outside the wedge :)
Happy trading
XRPUSD FORGET A GOLDEN CROSS, TAKE A CLOSER LOOK AT THE CHART.Over the last few days there has been a lot of hype about a "golden cross" and now a "cup and handle". While these indicators do exist in the world of TA, they are not used as much as people think they are. Looking at pure price action and retracement levels, you can see a clear breakdown of what is happening. On a larger scale, price has held the 61.8 level while at the same time holding intraday 61.8 level again. I remember using the "Golden Cross" indicator around 7 years ago and soon realized that it is not an end all be all technical indicator as well as MACDs or RSIs and even cups of tea with handles. Focus on price action and not silly indicators to get a closer look at what price is telling you. I am still BULLISH on XRP. Let's keep all the silly $5 price predictions overnight down a bit yea?Cheers!
XRPUSD goldencross now official!As I said in my previous idea yesterday, we were 1 day away from the 1 day chart's goldencross on xrpusd and it has now officially crossed. The market tried to shake some weak hands with a solid bear trap last night but I know all those who understand the utility and value of xrp did nothing but hodl through it. Well done all he held as now the daily candle has flipped to green giving us 7 green daily candles in a row. This should just be the start of xrpusd's bullrun. There is still a chance that we could close a daily candle or 2 as red candles in the coming days, but our weekly candle is currently a big green bullish engulfing candle and as long as it stays that way by candle close probability very highly favors that we continue our direction upwards. Also on the weekly chart(not shown here) we have closed 2 consecutive weekly candles above the heavy resistance of the weekly 50ma. XRP is behaving exactly how btc did when it first closed a couple weekly candles above its weekly 50ma. It acted like it may dip back under for a second but then had its huge blastoff. If XRP behaves the same way we could see is huge breakout by the next weekly candle. XRPBTC should start to make strides and gains as well along with it.
Investors Turn Bullish on XRP (XRP) Following Golden CrossAccording to the XRP/USD chart, the altcoin’s 50-day moving average has moved above the 200-day moving average — a chart pattern known as a golden cross that is typically seen as an indication that a major rally is on the horizon... ( Read More )
XRP MUST SEE!!XRP is currently trading at $0,38 cents as i speak find another bottom on and at $0.375-$0.385 zone
THE RSI is flat in the middle zone. MACd is bearish for the moment.
A death cross was spotted on 5/19/19 which triggered another bearrun but XRP came back above the EMA..which failed to hold..
So. XRP is bearish.
I saw another golden cross possibility(read my earlier post) which can flip the table?? what do you think.. can we restest $0.40cents.
I see no reason for XRP to go down further.
WHY?? Major companies like: JPMorgan FIDELITY Etrade Microsoft StarBucks and many other are hoping in the pool..
Why would the banks go for a scam and lose there money without knowing it??
Bonus1: AT&T (thats right ATT the major phone carrier ) now excepts crypto PAYMENTS>> (ONLY billing for now)
BONUS2: DO NOT judge me: So-Called SATOSHI NAKOMOTO Craig Wright claims BTC will crash and BTC SV will take its place... (BITCOIN SATOSHI VISION)
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THIS IS NOT financial advice. do at your own risk. RESEARCH IT! Peace!
Golden cross 3X for MATIC spells another run to the upsidethe EMA and SMA 20 on the hourly are crossing above the 50 and 100 EMA and SMA. predicting a slight pullback to complete the wave then a breakout of the bull flag to create a new flag post to the upside. Target 0.048. Timeframe: next 1-3 days granted BTC doesn't fall apart. Pullback may drop as low as 0.0185-0.0225 as market depth is very even ATM.