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Sma200

Bitcoin to $3600,1D SMA50 or channel resistance before bearishGood day Traders Our $3470/$3500 support has been holding strong. Although we keep getting rejected by the $3550/$3600 resistance, we now have bullish divergence on the 2H MFI so still expecting a move to the upside. Our 1D SMA50 is going to be strong resistance yet again, this time around $3670 but we first need to get above $3600. The way I see, we have 4 scenarios playing out with regards to this retracement after our drop from $4100. 4 Scenarios: 1) Unable to close above $3660/$3720 If we are unable to break through the $3660/$3720 resistance with higher than a 38.2 fib retracement of the larger move from $4100, then I suspect we'll be retesting our $3470/$3500 support yet again, as well as our weekly SMA200 support, which would then confirm support of the large blue channel if we do then find support above our weekly SMA200. This would also be a 61.8 fib retracement of the smaller drop from $3776 (1D SMA50) with a 161.8 fib extension target of $3280 which also coincides with our weekly SMA200 support. 2) Unable to close above $3600 If we reach $3587 but can't even get above our $3600 resistance, this would be a 38.2 fib retracement of our recent smaller drop from $3776 and would give me a 138.2 fib extension target of $3552. Both targets are in line with our blue channel support. 3) Unable to close above $3860/$3930 If we break through our 1D SMA50 resistance, this would be in line with the ascending right-angled broadening wedge from my previous post. I think the upside will be capped at our $3860/$3930 channel resistance, unless we have enough buying volume to break the downtrend and start forming higher highs (unlikely imo). A move to channel resistance would also be a 61.8 fib retracement of the move from $4100 so could potentially carry enough downside momentum to break channel and weekly SMA200 support for a 161.8 fib extension to our $3k support and that will be a crucial pivot point ito market sentiment. A move below our current ascending channel support as well as our $3470/$3500 horizontal support is bearish but the bears will officially take the reigns once we have broken through the channel support, the weekly SMA200 support and $3k. Until then we could remain range bound between $3k and $4200 so better to remain even keel until we have a break of either. 4) Close above $4200/$4240 In the unlikely scenario where we have already bottomed and we just don't know it yet, we need to keep an eye on the channel resistance and then $4200/$4240 to potentially form a higher high. Good luck and happy trading! Previous post: Larger H&S potentially in play:
BITSTAMP:BTCUSD
by Corn_Reaper
2
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
2