50ma
Bitcoin - In the next 24 to 48 hoursAs traders what we want to know is if we have hit the bottom or if we are going up, or are we going to fall some more. On the post I did on the 22nd I told you we were going to fall in a matter of hours and we did. Check this out, there are 3 keep spots we need to keep an eye on to see if we are going up or down. I know the answer but I would like to hear from some of you. The chart above shows you the new battleground. If BTC goes and closes below either of those support lines in green that will show weakness and it is time to go down some more soon. If for the last few months we've done nothing but lower lows and lower highs what should your trade strategy be?
This is the next thing to keep an eye on:
If the yellow trendline 50MA goes under the white trendline 200MA (Which is almost a done deal) then we are going down.
This is the last place to keep an eye on:
If we close a candle under the green trendline that means we are going down as well.
So the specific question is this: Would you put money in right now?
THE TREND: Going Down a little more
THE OUTLOOK: Safe to buy a percentage of BTC wait a bit more to buy-in.
Btc has to solidify 4hr50ma support to trigger channel breakoutIf it can do that the initial breakout target is 8.5k
Altcoin market attempting a simultaneous h&s/deathcross fakeoutLooking here on the total2 1day chart(which excludes bitcoin) we can see the altcoin market has recently had a deathcross and has been sending wicks down below the neckline of a sizeable h&s pattern...yet today the Altcoin market finally got a bounce....it appears maybe one of those situations where it's always darkest just before the dawn and that as long as the alts can close above the 1 day 50ma and hold it as solidified support that not only will we confirm the H&S to be a beartrap fakeout but the deathcross as well should then flip back over soon after into a true golden cross and hopefully finally kickstart the altcoin bullmarket. If we look back at what finally kickstarted the 2015-2017 bitcoin bullmarket we can see it too back then had a 1 day goldencross that soon after did a brief deathcross and it wasn't until that then flipped back into a goldencross that the bitcoin bull market finally began. I think we will see something very similar to that this time for the alts. So is the long awaited altseason finally right around the corner for Q4? very very possible...but only if they can maintain solidified support above the 1 day 50ma first. Baby steps altcoins...babysteps.
XRPUSD hits my exact breakout target.We are finding resistance at my exact breakout target for xrp. However, if we can flip the 1 day 50ma to solidified support then we should be able to eventually overcome this horizontal resistance...as we can see there is a 2nd horizontal resistance just above it though so it will not be easy...for this reason I'm leaving this idea neutral even though I am most definitely longterm bullish on xrp.
BCHUSD: Ascending Triangle With Daily Moving Averages Coiled UpAscending triangle drawn on 4hr chart (similar to LTCUSD as well as ETHUSD ) and applied to 1 day chart due to relevant moving average resistance above triangle to be cautious of. A move above $313.30 would create a new swing high while breaching the 50 & 200 Day MAs (that are trying to bear cross) making the trade a position worth risking. The measured move for the breakout is $346 (+10.5%) with a 2.3 ratio. BCH is still btrash though.
LTCUSD: Another Ascending Triangle on 4hr Like ETHUSDSimilar to ETH's ascending triangle that developed in past two weeks, Litecoin against USD on the 4hr is in a much cleaner bullish ascending triangle while facing resistance at the 200 MA. The 50&100 MAs have already had a bullish cross, oscillators are looking bullish. Will open a position above $73.25 (above previous swing high) with tight stop loss at $69 for a 2:1 ratio. Horizontal resistance levels around $79-82 with the measured target for the triangle breakout at $82, shown by the golden line.
LTC/USD first Bullish signs after halving, going for $250?Welcome fellow Tradingviewers,
This analyses is only showing you guys my vision on LTC and should not be considered as financial advice. If you agree or find this analyses usefull, dont forget to leave a Like!
We have taken a close look at the LTC/USD and LTC/BTC graph. We have seen huge gains in the beginning of this year due to the block halving that LTC went through. We caught some great moves including the trade all the way towards the $140 area.
Since then LTC has been having a hard time in BTC and USD value, we have made a 50% correction in USD terms and a 66% correction in BTC terms.
We have opened long positions on both of the pairs and secured a big bag for the long run. We have bought LTC at 65, 67.5 and yesterday at 69.75. The reason behind the trade is that we are now approaching and possibly bouncing from weekly 50MA , which is the moving average that has not been retested since the break above.
LTC/USD might also be making a big Cup and Handle pattern on the weekly graph. The Cup and Handle pattern is a very reliable pattern. Therefore we will add to our bag as soon as we see a breakout of this cup and handle.
LTC/BTC is also starting to show the first bullish signs after a 66% correction. We are currently trading around the weekly support level and we the last weekly candle has closed as a Hammer candle.
Hammer candles are usually located after a significant downtrend and indicate a trend reversal is near.
So overall LTC is looking very bullish, targets in USD terms for the short term are $100, $120 and $160 but we believe that there is a pretty high chance that we might extend all the way towards $250 . We will ofcourse update you guys on the way.
If you have any questions or comments please leave them below or send a message to @forallcrypto on instagram.
Safe trading to all of you!
Kind regards,
The Forallcrypto team
3daychart H&S pattern fakeout confirmed; must overcome 1day 50maVery positive sign here as we not only were able to crawl back inside the green symmetrical triangle pattern and prove the breakdown of that pattern to be a fakeout we also have managed to do the same with the big red ascending head and shoulders pattern before today's 1 day candle close; essentially confirming it's breakdown to have been a fakeout as well...patterns as massive as these 2 were can fake a lot of people out by closing multiple 1day candles below the trendlines...usually if you see this with no bearish momentum surge to go with it (and in this case bullish divergence was showing),then a fakeout is likely. In this case, it took about 6 1day candles from the time price action broke under the ascending red neckline of the h&s pattern to the time it climbed back above and confirmed the fakeout. The reason it was able to stay below the neckline so long without triggering the breakout is because the H&S pattern is actually most valid as a 3 day chart pattern instead of a 1 day chart pattern. The same appears to be true about the green symmetrical triangle pattern as well. Anyways currently we have just closed another 1 day candle just under the 1 day 50ma but more importantly above the ascending red neckline of the 3day head and shoulders pattern...We retested that neckline a few times before the close as well and was good to see it respond as solid support. As long as the red ascending trendline can maintain that support we should see price action flip the 1 day 50ma back to support as well. We also currently have a potential inverted h&s pattern that could be playing out here as well..if so we may see a slight pullback once we test the thin horizontal yellow line in order to complete a right shoulder...that is currently speculative but something to keep in mind.
XRPUSD still consolidating in a 1wk bullflag w/a target of .6368I think XRPUSD will continue to consolidate sideways for a week or 2 or 3 finding good support on the weekly 50ma...and once it nears the last 2 remaining potential top trendlines of the 1 month chart's giant descending triangle we've been in for almost 2 years(the dotted yellow line and the pink log chart line), once it nears those w will s it start to gain the momentum necessary to break out of the weekly bull flag and thus the giant descending triangle...hitting the bull flags breakout target of $.63684 cents first and then likely one of the descending triangle breakout targets depending which one is most valid.
Are we aiming to test the 50 MA? Trend Continuation ETH is currently pulling back into support which coincides with the 50 MA. The 50 MA has been acting brilliantly as support.
As further confluence we have a 61.8% fib retracement within this zone and good support. This is looking like a great entry for trend continuation.
BTCUSD pullback.BOTTOM IS IN
BTC/USD need a pullback to cool off after a nice rally from 4000$ to 7500$. The reason why BTC was pumped hard is simple,traders all time shorted BTC and the whales liquidated this positions. BTC/USD now just hitted the first long term 0.236 fib resistance line which is at 7104$ and also the candle closed below this resistance line(bearish sign)+we have a huugeee strong ichimoku resistance in this weekly chart
RSI is still overbought because is above 70 point
at MACD just crossed the neutral zone which is a really nice buy signal BUT don't forget another indicators :-) .Stochastic also is overbought.
I'm expecting a pullback till 50MA weekly. We have too much support line for a breakdown below 3000$
Bitcoin/ US Dollar 1D BitfinexFirst, acknowledgement to Trading Shot post (linked below) which influenced me on some of my 50/200 MA calculations and understanding (and hopes!):
Thank you Trading Shot
Factors I'm watching:
LTC as a leading indicator - which I've been doing for about 2 years.
Standard Fib ratios. .618 my favorite and coincides with red TA line (discussed below). I personally love it when the big players pierce the Fib lines for psychological reasons.
Basic TA lines - note the red support line - which is supportive of the previous BTC 200/50MA scenario.
10/20 Day MA correlation. Really weak right now. they run almost parallel - for some time now.
Note: I'm always long on BTC (since this time last year), but my chart, in its current form, supports the thesis of a dip (not 'crash') this summer. However, I will readily admit, that if BTC spikes, I'll be seeking to catch and buy in FOMO'sih. I'm talking small amounts, as, I'll want a bit more - just in case BTC breaks the massive resistance indicated by my grey shading.
My buy areas are green ovals. I always have discretion to not buy, based on Human Factors, news, gossip, FUD, etc. Those ovals are guides and visual reference points only.
Weekly may close well under 50 weekly ma, higher low expected. As I said in previous posts the weekly 50 moving average would be crucial to watch and even though we wicked above it we may very well now close our weekly candle well under it at this rate after a stiff rejection as the weekly 50ma maintains resistance. I anticipate we will simply form a higher low from here or a capitulation drop...one of the 2. either way the good news is the Bull market is very near.It will hopefully find support by at least the weekly 200ma but that is still a significant drop downwards. I anticipate considering how logn the bull climb went that a big chunk of May could end up on the down trend but we will have to wait and see how things bounce...this drop could also happen all at once in which case the bounce back could allow may to still be bullish. If somehow we close this weekly candle above the 50 weekly ma my outlook will turn back bullish until I see what the follow up weekly candle does...but as of now it doesn't seem likely that this weekly candle will close above it. To play it safe I sold aroun 5472 right at the 50 week. I have a smart stop buy set up a few pips above there in case an unexpected reversal is to occur. Lastly I anticipate this incoming drop to be significant enough to cause the golden cross to dip abc down and create a temporary death cross in the process.
can weekly 50MA flip to support? Crucial to avoid a correction.must keep a very close eye on this weekly 50ma we are now above...it can easily still get rejected and even though we are above it at the moment until we sustain it as solidified support it has great potential to ultimately reject priceaction and send us back down for what will likely be higher low...how far down that will be is hard to say but it can drop quite a bit and sill become a higher low after all the bullish priceaction we've had the past couple months. Be cautious and wait until you see the 50 week solidify as consistent support before putting the bull blinders on. Either way we can tell the bull market is very near.
ETH is Ready for Bull runis BITFINEX:ETHUSD ready for Bull Run ?
We've been in a long bear market (still in bear) since the intersection of 50 MA and 100 MA.
If the 100 MA is above 50 MA, the prices are falling.
We are now approaching a new intersection.
If the 50 MA 100 MA cuts in, the prices can start to rise.
Of course, according to the movement of COINBASE:BTCUSD everything can change.
BTC finally surpasses 1day50ma…but finds a potential double top Finally breaking above the 1 day 50ma with authority was a great bullish sign up until the price action reached the double top point. As soon as price action retreated right at the double top point exactly it gave a great opportunity for the bears to shove the price action back downward. It may be a good risk reward zone her to exit my position and set a stop buy up just above the double top zone. If I were to wait for a little while for a bounce I would definitely wanna exit if I see the price action fail to close above the 1 day 50 ma for 2 consecutive day candles. Just as I wouldn't wanna get too excited about being above the 1 day 50ma until we have closed at least 2 1 day candles above it as well. This idea will remain neutral but I will be keeping a very close eye out for any sort of confluence that validates the potential double top that we have shown here on this chart on the frosted pink horizontal trend line. If we can form a higher high here above the frosted pink trendline I will definitely be siding more with the bulls. Thanks for reading! *not financial advice*
Yellow falling wedge breakout target reached. We have reached the breakout target for the yellow falling wedge. Price action actually went halfway between its target and the slightly larger red falling wedges target...finding resistance at a former strong horizontal teal trendline. What momentum we had from the breakout of the yellow and red falling wedges may now be gone as we can see the price action has been shoved back inside the biggest falling wedge (in green). Without any further momentum the probablity of us heading back downward towards the 1 week 20ma and the bottom trendline of the green falling wedge has greatly increased but I will leave this idea neutral for nw until I see whether or not we may form another bullish pattern here or not. Ultimately for now it appears as if the 1 day 50ma is going to maintain it's strong resistance.I will wait for 5 consecutive closes below the 4hr 50ma before I decide to exit my position. Just my strategy and not financial advice.
as expected 4hr 50ma pushes out of wedge…1day/4hr 50ma showdown?The 4hr 50ma has me still temprarily hodling as it has hoisted priceaction up out of the falling wedge in a way that will very likely trigger the breakout. 4hr 50ma is now guarding the door back into the wedge....We will likely see a brakout triggered due to this which will result in at least a temporary bullbreak at least up to retst the 1 day 50ma again....as anticipated in the previous idea, it seems more and mroe likely that the 1 day 50ma and the 4hr 50ma are engaged in a showdown that will probably not be over until they are close enough together to squeeze the price action like a pair of chopsticks until it shoots one way or the other based on which timeframes 50ma is the most dominant. I don't know what they call it when a 50ma on one time frame crosses over another 50ma on a bigger timeframe...if it doesn't already have a name I'm gonna refer to it as octave hopping.
BTC 4hr 50ma trying to lift price action out of fallingwedge It's come down to the strong support of the 4hr 50 ma vs. the strong resistance of the 1 day 50ma...who will win? We can see here on the 4hr chart that the 4hr 50ma is doing its best currently to hoist the price action up out of the falling wedge for a breakout but each and every time it tries to breakout the 1day charts 4hr 50ma gives it a strong rejection back down into the wedge. For now I'm bullish until both moving averages get slightly closer to eachother once price action is finally getting squeezed between the 2 like a pair of chopsticks I will be more neutral, however, btc may have gained enough bull momentum from the breakout of the wedge to help the 4hr 50ma muster the strength to overcome that resistance and actually solidify it as support for once. I've been consistently saying this whole time that we need to solidify the 1 day 50ma as support in order to sustain any further bullish upside. That remains true...so in the short term until we get back up to the 1 day 50ma I'm bullish then when we get there I'm neutral until I see it flip to solidified support...if it can do that then I'm definitely long. Mainly for the immediate future I think the 4hr 50ma is powerful enough to at least reach the 1 day 50ma before potentially solidifying as any kind of resistance.
AAPL and lessons in the power of math When people try to tell you all markets are manipulated, they are wrong. The math is key and charts are very algorithmic.
Case and point: AAPL
Bad earnings but it pumped. Is it manipulation? No. APPL was in a clear uptrend with resistance at .5 Fibonacci on the weekly and more resistance at the 50 MA on the daily. It was destined to hit these points and likely to reject.
Would not long until a decisive breach above these areas.
