Moving
Iota preparing for MASSIVE move!Note the following from my 15m chart:
A) Iota is currently in an ascending triangle (uptrend). It is also running out of space and looks like it will break around 4pm EST.
B) The 50 day moving average is currently acting as a support.
C) A cup and handle has formed which is a strong indicator of an up move.
D) The key here is the purple resistance line, it has already tried to break a few times (see long wicks where price was rejected). If it breaks the resistance, expect a massive move up.
Weekly Forecast Price Outlook (Frontrunning Bitcoin) So my last idea was the monthly (published about 2 hrs ago)...
here is a breakdown to the next time frame down (the weekly) it's a rough forecast with no TDseq numbers drawn, only the red line as you can see to represent about where I think the price action will travel, but it gives the basic idea of what I'm expecting in the future - THIS IS WAY down the road, so I will update accordingly as time goes on.
I drew some forecasts of where the MA's will be in colored dotted lines, once again, rough straight lines, but close enough
If you're interested in learning, give a like and subscribe at my youtube channel : look up "Kick Back Time" on youtube
There, if I start to get subscribers, I will be encouraged to teach through screen sharing videos. You will learn A LOT more that way.
Once again, this is frontrunning, it's not an actual sure thing, only what I think is likely to happen. ALWAYS trade what the technical analysis tell YOU, NOT mine or even your own opinion
BEWARE OF SHORTING ! at this time guys, you can get run over real easily with all these bullish indicators going right now, just look at the Moving averages on this snapshot alone. The long term trend is set
Kick Back Time
Bitcoin squating for another jumpIt's Friday morning and another Bitcoin Breakdown analysis.
During this week we experienced the breakout from the ascending triangle formation I reported on forming last Friday.
The breakout occurred earlier than I hoped as the RSI was just to high to support a large breakout.
As you can see on this Daily chart, there is a large presence of bearish divergence within the MACD and the RSI.
I don't foresee this to be alarm bells to start looking at an upcoming bear market, but a healthy retraction to get our RSI back out of oversold territory.
While we're on the top of RSI, if we take a look at the weekly RSI for BTCUSDT it is heavily within the oversold region.
This retraction will hopefully bring it back down to just under 75 on the weekly RSI and around 50 on the daily RSI before we see another attempt for the bulls to over come.
My next major point is the trend line I have drawn in yellow, I foresee the Price action to trend sideways or slightly down until it makes contact with the trend line, the following it until another large breakout occurs. This a more likely than a breakdown past the trend line to test the 45MA line.
I try to keep these ideas simple and effective, if you feel there is anything i've overlooked or missed please bring it forward. The more ideas the better. I
If you enjoy these weekly analysis and want more please follow me and i'll be sure to continue.
The following ideas are general and you should contact a professional financial adviser before acting on any investment as it may not be best for your financial position. This is in no way finical advice, so do you own analysis before acting.
RIPPLE [XRP/BTC] Analysis by MorpheusAll information is provided in the chart. (Point on Yellow-notes on chart to see description)
Our profile publishes analysis that focus carefully examined and identified cryptocurrencies that achieve high profits. We base everything on our own, developed scheme, the understanding of the market and its behavior. If that sounds like it could be helpful for you, please follow us and hit the like button!
Tips, notes & suggestions
When you place a trade, always remember to set a stop-loss.
Most important rule, is to be patient. Money come and go, you will always get another chance.
Never invest heavy in one trade, be sure to spread your bags on different trades.
We would appreciate if you would hit the like button to support us.
Feel free to comment share your idea or comment down below
Morpheus wish everyone out there, a good and a healthy life in the cryptocurrency-age.
Bitcoin: Looking to Test the Local HighCoin Savvy here with a quick short term analysis. There’s something I want to talk about and it’s the 377 ema.
Before I hop in, I discussed in my last post ( )
about how if bitcoin crosses the monthly candle above the 21 monthly ema (bullish on a very high time frame) then I could easily see price action get up to around $6,000 or $7,000, it’ll take some time. Now it’ll obviously have to break $5450 and $5600 before that happens so taking it day by day here.
The daily candle closed tonight above the 377 ema and this has been providing resistance for the past month so far.
Bottom indicator:
RSI is in the neutral zone trying to test that 21 ema. There’s a little bullish divergence with a higher low on price action but a lower high on the RSI and allowing the indicator to reset a little while maintaining supports.
Top indicator:
Stochs having a fresh cross up and pointing up
Daily chart looks like it wants to come up and test like $5450-$5600
That’s all folks, I’ll be writing about the 2 day and 3 day charts once closing time comes and discuss where price action can end up next.
Coin Savvy, signing off. Enjoy your night, enjoy the charts, and respect the technical analysis .
Gold is look like continue selling on daily and weekly gold look like to continue to sell bear this mind this is not the trade setup first wait for price action to confirm us market direction i better suggest to sell it on the break of structure for aggressive entry look for entry box which i mentioned on chart
if you like my idea don't forget to like it :) good luck see u guys soon.
CGC closed above 1o emaCGC has
CGC has been dormant. it finally closed above 10 ema on the 4H.
Let's see if it finds support there
EURUSD - SHORTprice coming up to the 0.705 and 0.79 zone on the fib also a price reversal zone so expect a push to the downside. also take note that on the 5min chart price has tested the 150MA (RED LINE) several times and was unable to break through it so my thoughts is that it will be used as resistance.
Good luck!
-Pauric
EDUCATIONAL STRATEGY 21>50>250 BUY, 21<50<250 SELLHELLO,
HERE IS A BEAUTIFUL MA STRATEGY,
HOW TO SET IT UP?
1. LOAD MA 21, Linear Weighted, HL/2 (Colour WHITE)
2. LOAD MA 50, Linear Weighted, HL/2 (Colour RED)
3. LOAD MA 250, Linear Weighted, HL/2 (Colour YELLOW)
SIGNALS.
1. MA 21>MA50>250 WE BUY, WE CLOSE WHEN MA 21MA50
Extra,
1. MA 50> MA 250 CONFIRMED UP TREND. GOLDEN CROSS. ONLY TAKE BUY SIGNALS
2. MA 50< MA 250 CONFIRMED DOWN TREND. DEAD CROSS. ONLY TAKE SELL SIGNALS
EARLY SIGNAL.
1. SELL EARLY: MA21 < MA50 ( BUT WE ARE IN UP TREND WHERE MA 50 > MA250)
2. BUY EARLY: MA21 >MA50 ( BUT WE ARE IN DOWN TREND WHERE MA 50 < MA250)
WHAT TIME FRAME SHOULD I USE? H1, H4, M15,M5.
What DO I DO WHEN 21MA=50MA=200Ma? DON't ENTER, WHAIT CONFIRMED TREND AND CROSS THEN ENTER.
WHAT PAIR SHOULD I USE THIS? ALL CURRENCY AND STOCK.
CAN I ADD ANOTHER INDICATOR? YES, ADD PARABOLIC SAR TO GIVE YOU BUY OR SELL SIGNAL WITH THIS STRATEGY.
IS THE STRATEGY BEST FOR TREND OR RANGE? BEST FOR TREND, USE M5 TIME FRAME FOR RANGE.
THANK YOU ALL, PLEASE LIKE IF YOU BENEFIT SO WE ADD MORE EDUCATIONAL TIPS.
ACCOUNT MANAGEMENT SERVICE
0096594072143 WHATS UP.