USDJPY - After the calm comes the storm - Breakout ideaHi Traders!
As you can see the market is in a downtrend.
The market is respecting the trendline which is coming from above.
The second area the price gives value is the support at 107.300.
The third thing you should consider is the 200 EMA, which is also above the market.
In addition, the market is in a consolidation - ranging in the 1H timeframe.
The support is getting weaker and weaker.
Why? Because: The more the price tests a level, the weaker the level gets!
How do we know there is calm in the market?
If you look to the volume indicator at the bottom of the chart, you'll find out that it is decreasing.
If you weigh out all these information together, you'll get the result, that the market is shortly before the breakout.
We recommend to sell the breakout with a confirmation (retest).
Thanks and successful Trading :)!
200ma
BTCUSD; A Fork in the Road BTCUSD has come to form nice Bearish Wedge on the Daily Chart. We must be very close to a direction decision as we are now being 'pushed up against the wall' of the 50MA & the huge downtrend line of resistance at the same time, both of which we have basically bumped our 'noggin' on 5 out of the 8 last days...
Also in play, what could be considered the Left Shoulder and Head have formed, now we're possibly headed down to $5800 range support for the beginning formation of the Right Shoulder.
Volume is dwindling as well. All of this looks Bearish, but the market is so tricky these days with all that's happening in the world with Economics and Pandemic issues.
Either Bitcoin will bust through the 50MA and Downtrend line and ascend to the $8000 range / 200MA area or begin to descend to $5800 support.
What's your sentiment?
Likes & Comments appreciated,
Thanks,
-HP
RSI "DEATH CROSS" & "GOLDEN CROSS" during Pandemic VolatilityJust a quick idea that shows how, as the Covid-19 crisis worsened, the RSI "Death Cross" clearly indicated the huge drop off in price that was about to occur.
Conversely, despite record unemployment claims in the US, when the RSI "Golden Cross" recently occurred, the price was able to break through previous resistance.
Análise da IBOVESPA em meio à pandemia COVID-19Olá pessoal
Nesse vídeo eu fiz uma análise da IBOVESPA, comparando a relação entre o MACD e o preço na crise de 2008 e fazendo uma previsão para o que seguirá daqui em diante. Também fiz uma análise da relação do preço com a média móvel de 200 dias.
O mercado brasileiro, na minha opinião, ainda não terminou a sua recessão.
AVISO LEGAL: o conteúdo que eu posto não é conselho financeiro e não deve ser usado como conselho, é direcionado para informação e entretenimento.
SPY coincidence? I think not...I would love to believe that everything is fine, but with such a large move in the southern direction, the trend is down......
We must stay with this perspective until proven otherwise.......
Everything is now lining up and I think it would be worth holding a longer term short......
31.8% retrace
200WMA testing
If we go higher, I will probably just sit on my hands and wait for another opportunity with a more clear direction.
IMO this is one of the higher probability short opportunities.......
GL
USDCAD - Breaking the triangle towards 200MAHi Traders!
As you can see the market is in an uptrend.
The market broke out of the daily trendline before.
Then it stopped at daily resistance and is now consolidating.
Now there are two opportunities:
1. The market needs support of the 200 MA. That's why it breaks out downwards of the triangle. The SL is above the triangle and the TP is at daily support & SMA 200.
2. The market is actually forming the bullish triangle pattern. It'll break out once of the trendline and than out of the daily resistance. Even though this is a well-known pattern, we decided to take the first one, because there the market only need to break one structure. To fulfill this pattern, the market needs to break two structure.
We recommend to wait for a confirmation.
Thanks and good luck :)!
AAPL: Possible buy zones approachingI believe we are approaching a good area to jump on the APPLE bandwagon for those that felt the train had already left. We are approaching some confluence of support, which may hold and bounce out of the golden pocket. More likely in my opinion though, we may see retrace to around th .768 FIB. This would put us near or at the 200 EMA. History shows that Apple has never stayed below the weekly 200 EMA for long, has laso shown substantial gains once it touches. I would be interested in putting in orders down to $200. I believe $200 could set off a decent bull run, never to have that price opportunity again.
Comparison Of The Current Bitcoin Drop And That on January 2015 Please leave a LIKE if you enjoy the analysis.
This is a continuation of my previous idea which can be found here:
On January 2015, the BTC price reached the 200-week moving average (white) and bounced above it. While it initially it looked as if it was going down, going as much as 15% below it, it proceeded to increase and close above.
The current downward move was stronger than the one in 2015. The BTC price decreased by a full 30% below the same MA, prior to increasing an reaching a close right at it. The current increase has taken the price well above this MA.
If the fractal continues to hold, the BTC price will increase above $8000, which is the beginning of the candlestick of the rapid decrease, before dropping sharply and creating a new support area near $6000.
Therefore, the price would increase significantly going into the halvening (vertical line), before decreasing and touching the MA once more. If this movement takes the same amount of time as that on 2015, the price will touch the MA once more on October 2020.
The Importance Of Bitcoin's 200-Week Moving Average
The Bitcoin price decreased by 43% yesterday, the biggest daily decrease on record. However, all hope is not lost.
MAJOR HOPIUM - The price has yet to close below the 200-week MA, even though it has decreased significantly below it with the wick that reached $4000. There are two and a half days until the weekly close. The price has never reached a weekly close below this MA, even though it has reached a wick below it three times, on January and August (twice) 2015. Both times the price closed above the MA and continued the upward trend.
This also fits with the halvening angle, since the 2015 decreases occurred slightly prior to the second halvening.
Therefore, if the price bounces and closes above $5500 it could definitely mean that we are in a similar point in the cycle as on August 2015. While an accumulation phase is probably necessary, this could be the bottom for the foreseeable future.
Please leave a like if you enjoyed the analysis.
ZECUSD Leading The Way?ZecUSD Reclaimed 1H 200MA Sitting idly by at 29.0 flat.
Looking at every alt and major coin, everything looks like it is posturing to do the exact same thing ZEC just pulled off.
Zec Will retest its 21 and 50 1H MAs then attempt higher again.
If it holds a 4H bar above the 50Ma Things start looking much better above.
Short-term Bitcoin forecastAfter a dramatic panic crash, BTC/USDT (Binance) is now in consolidation. Expecting an upward move till midnight.
Elliot waves worked great on 1H crash.
General consolidation could last for a few month. Considering a global economic crisis being forecasted (due to Corona Virus (Covid-19) from major analysts, coming this July, we may go even to $3k. Hodlers are to save Bitcoin from going to $10. Currently most experts mark $3.7k as a level of significant support.
Weekly chart will show today if BTC will close below 200 MA. If yes, a further fall to be expected. Weekly close above 200MA will mean a strong support at that level.
200MA have never been broken.
In any case current levels of bitcoin are great for accumulation.
Another Bubble Kicks off with the Plague (Bumps Ahead)Disclaimer: I'm not giving yall advice. I just believe this is the next year in a nutshell: be safe and shame the people who hoard resources.
Major points of interest: Dot Com Bubble, Housing Bubble, ETF Bubble.
Fib retrace indicates massive greed during the current administration. They really wanted to push this thing to 3.6 and now it's plummeting to hell. I'm disappointed and not surprised.
I'm mostly going off of Dr. Michael Burry's intuition and public statements. A good point of argument for stocks to suffer sustained hits are due to disruptions in global supply chains. We are all familiar with the danger we've only recently discovered. Many traders will take losses here, but this is a bearish cycle for the indexes and other markets.
A word to crypto. Bitcoin is no stranger to stupid forks and FUD, this is no different than yesterday's news in that sphere. However the key distinction is bitcoin's dollar price is extremely volatile so a lot of investors are liquidating their riskiest assets. Consider this still a good year for bitcoin miners and the dip gods.
EURUSD - Easy Pullback & Trend Continuation SetupHi Traders!
The market is in a strong uptrend.
As you can see, the market is in a healthy uptrend since 20th February.
From then (price was around 1.08000) the market started moving up.
After that the market made a retracement move.
It retraced from the first pik (1.11800) towards the support (1.11000).
Then the market moved up again and made the next higher high (1.12000).
The market even did a so called "Golden Cross" and this could be an important signal for many traders.
Now it is back on the support again.
We recommend to buy the market because of the strong uptrend.
Thanks and good luck :)!