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BTC - THE LAST STANDBTC currently sits at a major crossroad. We just broke down and negatively retested a very pivotal MA which has three times in the past sent BTC tumbling down 46 - 58 percent (scroll back to 2014 and see the same event play out). Should history be anything to go by, we should see a down leg of approximately 40 percent, which aligns almost accurately with the 61.8 retrace of the move from 2020 lows. Can we move upward from here? Yes! But we would first need to reclaim the MA, and in this regard, the statistics are against us. BTC has failed to regain it in all instances. Moving on to technicals, we can see BTC clearly breaking down a huge bear flag. I'm not calling doomsday here, but all I'm saying is to exercise caution with longs at this point. In summary, anywhere between 23k and 27k is very possible, maybe immediately, maybe a bit later in the year. This is not financial advise in any manner. DYOR and manage your risk properly. Best of luck from Commodore!
BITFINEX:BTCUSDShort
by Commodore3
4
How I use moving averagesThe US 10Y yield continues to plough higher. We had been watching the support at 2.73 (end of April low) for a possible break but in the end, this held several attempts, and the market has recovered well. This support was reinforced by the 55-day ma, which lies at 2.78 currently and this has left the market well-placed to tackle the 3.20 May high. In the past I used to regularly have discussions regarding the optimisation of moving averages, crossovers, whether to use simple, exponential or weighted moving averages and all I can say is that I have remained firmly married to the 20, 55 and 200 simple period moving averages for a very long time. Firstly, I should state how I use them, and it is as a straightforward support and resistance tool. I have noted over time that markets tend to mean revert to their long-term moving averages and price action around particularly the 55 and 200-week moving averages can be critical for the long-term trend. Crossovers can also add weight to a view, but as these are lagging indicators, I normally have a view in place already. All I would say is try them out and see which one suits you. John Murphy has this to say about moving averages:’ Even though there are clear differences between simple moving averages and exponential moving averages, one is not necessarily better than the other. Exponential moving averages have less lag and are therefore more sensitive to recent prices - and recent price changes. Exponential moving averages will turn before simple moving averages. Simple moving averages, on the other hand, represent a true average of prices for the entire time period. As such, simple moving averages may be better suited to identify support or resistance levels. Moving average preference depends on objectives, analytical style, and time horizon. Chartists should experiment with both types of moving averages as well as different timeframes to find the best fit.’ There is plenty more commentary and analysis available if you join the STA. Become a member and get 10% off your first year’s subscription by quoting this code number STALINKEDIN Disclaimer: The information posted on Trading View is for informative purposes and is not intended to constitute advice in any form, including but not limited to investment, accounting, tax, legal or regulatory advice. The information therefore has no regard to the specific investment objectives, financial situation or particular needs of any specific recipient. Opinions expressed are our current opinions as of the date appearing on Trading View only. All illustrations, forecasts or hypothetical data are for illustrative purposes only. The Society of Technical Analysts Ltd does not make representation that the information provided is appropriate for use in all jurisdictions or by all Investors or other potential Investors. Parties are therefore responsible for compliance with applicable local laws and regulations. The Society of Technical Analysts will not be held liable for any loss or damage resulting directly or indirectly from the use of any information on this site.
TVC:US10YEducation
by The_STA
1
GOLD Long-term trend signal!Hi friends, I hope y'all having an amazing weekend ;) Today, we have a possible long-term 2 level drop of this double top that we'll exploit next week. However, we might not get or lose both trade signals because as we all know that the market has a lot of uncertainty that makes it a probabilistic environment. Therefore, let us take a look at how the bulls and bears might behave in triggering our trade signals and not. Bulls: -The price may bullish rally for the previous H&S L2 together for the long-term m.a's (light blue and white/black) - probably after it has formed a bullish reversal pattern that will have its price bearish bounce off the Weekly H&S Neckline 2 and 50 m.a with a bullish reversal candle that will lead the price to bullish break and retest the patterns signal key level (that might be the 2nd Weekly Key Lvl) together with bullish crossed short-term m.a's (dark blue and red). If the price behaves in that manner, that will disconfirm our trades. Bears: -If the price bearish breaks and retests the Weekly H&S Neckline 2 and 50 m.a either on the current or lower time frame (1st trade signal), and proceeds to bearish break and retest the 2nd Monthly Key Lvl (2nd trade signal) - that will fully confirm both trades long-term drop. I call these two trades a Double Top B-E.1 & E.2 signal/set-up. That's it. I hope you found value in this. If you have a different idea, feel free to share it in the comments section, I'd love to know your thoughts! Stay Blessed, Doji-2K1
FOREXCOM:XAUUSDShort
by Doji-2k1
JICPT| NQ may drop further to 11500! Hello everyone. We see massive sell-off for the past few days. NQ has been down by over 25% from the peak created last Nov. From the chart, we can clear see that the long-term MA(red color) has served as a good defense line that pushed price back to key fib level of 61.8%. Unfortunately, the duo long-term MA has been firmly conquered. Where might the index go? My guess is around 11500 by measured the move. Bullish buyers who tends to buy, better watch closely on how the index react to the level. What do you think? Give me a like if you're with me.
FX:NAS100Short
by JICPT
2
ICPUSD leg lower watch. So is the honeymoon period over for the crypto recovery over TradingView community? Looking at several coins, we can see a similar pattern setting up. ICPUSD looks to be more on the weaker side so we have zeroed in on this coin. Here are the points that have us looking for a new continuation lower. The counter-rally looks to have stalled. Sellers continue to pepper today’s price action. The last high looks to be an LH maintaining the normal pattern of trend. The MA and CCI both remain bearish. It comes down to today’s session. Will we see a break of minor support signaling seller momentum is back? If sellers can take hold and beat support will also be looking for a break of the LL to show that the downtrend is looking to continue. Good trading.
EIGHTCAP:ICPUSDShort
by Eightcap
4
USDT DOMINANCE STARTS FALLING SOONER OR LATER!!Hello everyone, if you like the idea, do not forget to support with a like and follow. Welcome to this USDT Dominance update. USDT dominance is the replica of BTC. As you see in my BTC chart that we have some good support for BTC here so in the case of USDT.D we have some good resistance here. In USDT.D we expect the two scenario's just like BTC:- 1) USDT.D starts dropping from here. As you see we have a good resistance of 100ma here. 2) If USDT.D breaks this MA then we might get rejection from the upper trendline from where we already seen good rejection two times. So it's pretty clear that if USDT.D rejects from here then BTC starts bouncing from here or if USDT.D breaks 100MA then we see rejection from 4.44 level means BTC get bounce from $40k-$42k level. If you like this idea then do support it with like and follow. Hope this idea will help you. Share your views in the comment section. Thank You!
CRYPTOCAP:USDT.DShort
by CoreCrypto1
2
Falling Wedge- BullishI don't play SBUX often but frankly is setting up quite well here; Big falling wedge on the daily timeframe and also sitting on its 200 days moving average, Bollinger bands are squeezing on the 4-hour timeframe as well, some slight bullish hidden divergence on the RSI. Important to note SBUX has earnings coming up on 10/18' - Technicals all bullish and will be looking for a breakout (Broader Markets & Earnings Permitting) - Just some support and resistance levels to keep an eye on along with some RSI-based supply and demand zones - Falling Wedge on the daily timeframe - Bollinger bands squeezing on the 4-hour timeframe (Not Pictured) - Sitting on its 200 day EMA & SMA as well (SMA Not Pictured) - Slight bullish divergence on the RSI - Buyers stepping in PT1- $114.40 PT2- $115.64 PT3- $116.82 + Breakout
NASDAQ:SBUXLong
by jacobosiason7
3
BTCUSD TECHNICAL ANALYSIS ON H4 TIMEFRAMEHi. It seems that Bitcoin hasn’t decided yet where to go,not to mention that the prices are stucked in a symmetrical triangle. If the prices break above 10300$ which is the triangle resistence,the prices may rise as much as the triangle’s height. Note that 100 SMA has crossed above 200 SMA which indicate that buyers are ready to take the control of market. Moreover,stochastic indicator is moving up and it has just came out of oversold area. However,if the prices cannot break above the afforsaid resistence,it may fall down to 9800$ or even lower. with you many pips. thanks for visiting.
COINBASE:BTCUSDLong
by parsayousefi1137