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Sma200

Good BTC Rally, But Still Ways To Go!As you can see, BTC seems to have found a bottom and is working it's way upward. Having already breached the SMA 25 (4H) chart, it is hovering over the SMA 50. This, is still short (by around $700) of a cross of the SMA 200. This barrier has been a tough one for BTC to break but, if broken soon, could lead to a lot of optimism in the space. Until the SMA 50 is broken is a serious manner, I will still remain hesitant. There are many traders on this site who have some incredible technical tools and use this to their advantage, I prefer to keep everything much more simple. -- Legend -- SMA 25 - Purple SMA 50 - Blue SMA 200 Red
by jgree107
Reversal? Low Volume & Downtrend BUT ADX rising(-DI above +DI)..I would feel more confident if the ADX (black line) is above 20 but in a falling state. In this case it looks as if it increasing... My interpretation of Volume and Price: Volume Share Price Interpretation Decline Uptrend Bearish Decline Downtrend Bullish Increase Uptrend Bullish Increase Downtred Bearish What are your thoughts on GLBS ? How do you translate volume and price increase/decrease? If you have recommendations or tips - please, let me know below at the comment section. /Pat
NASDAQ:GLBS
by maga22
Some Bitcoin Analysis & Game PlanIf head and shoulders do not break my prediction is around 3k and possibly more. If H&S does break we are looking at 1800 or less. More bullish indicators then bearish yet the H&S could be worrying. I expect if the H&S does not break we will see a bounce from the Ichimoku cloud/purple trend line we can see here. We are still above the cloud and riding the SMA. Making higher lows and the market has hit key fib support levels. GAME PLAN: Enter Long now with SL on the H&S break, ride it out till 3k. Enter short on the H&s break, ride it out till 1800
BITFINEX:BTCUSDLong
by console
Understanding the Euro at it's current state. Update*This is an updated chart, taking into consideration other factors which are currently unfolding on the EUR/USD. The 200-SMA line has come close to the price action, possibly signifying a bounce to higher prices. However, there is a strong trend line nearby, where many other buyers will also be waiting. This area of demand can help facilitate more downward price action in favor of sideways or more upward buying pressure. Currently, buyers and sellers must work together to trade the price to a more favorable area, either higher or lower, but definitely not sideways. Ideally, sellers will be able to bring in enough selling pressure, to push the Euro into further demand which will be waiting below, and allow then for the buyers to try creating some upward movement. This movement can then be taken on at a later date, once the Euro is safely below the 200-SMA. These current indications of competition between bulls and bears are easily related back to the French elections, which had seen volatility pick up in the indices worldwide, as the current stock indices gapping up have been correlated to the elections themselves taking place. Now that Macron has won, prices seem to be turning around at a 'peak.' This is similar to the election in the U.S.A., with Trump's victory leading to new highs, however this is only stock market euphoria within the psychology of investors. As easily as prices went up, just as easily will prices come down.
by Yqztv09
5 day long on MHLDStrong conformance to long-term Andrew's pitchfork. Lower screen indicators are not peaking, with the macd below zero; cci looks like its moving up towards 100; all signs of some bull movement. Have a strongly confirmed trend-based fib extension, fib retracement, and fib arc. Signs that this isn't longer-term bull market: (besides global news and markets) price is still below Andrews pitchfork median, the sma200 (which is closer to the upper mid-parallel, in blue), most of the ema's are still above the priceaction. Therefore this might change direction within the week.
NASDAQ:MHLDLong
by Bwinks
USDJPY Short: Wave 5 Break + Retest (Elliott Wave TCT)USDJPY has completed wave 3 of a potential 5 wave structure. The pair has broken a trendline to complete wave (i) of 5 and is retesting the trendline at the .618 retracement To add resistance, the 200 EMA and SMA lines sit above price and below the SL level. The daily pivot may also add resistance near entry. Entry is placed at 61.8% retracement with SL above wave 4 terminus and target at the 1=5 level. This setup yields a R/R of over 5. Bearish Confluence: Trendline break and retest Pivot resistance 200EMA Resistance 200SMA Resistance Possible wave (i) of 5 completion Significant .618 fib level at entry
Short
by glennmercer
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