Golden cross is very near! Good sign for BTC overall!Hello crypto traders and hodlers,
i have a great info for each of you :)
The golden cross is really near and this means we turning the trend longterm in the bullish direction!
This doesn´t mean that the price would never go more down, it´s more than likely that we generate a double bottom (near 3.100, +/- 500 USD).
So if you want to go for the longterm hold like me, the next few weeks, maybe 1-2 month could be the very last chance to buy cheap bitcoin.
No financial advise!
Hope you doing well so far, it was a long way to the downside, many of you would lost some hope, but i think there is a so bright future in front of us :)
If you want to see my longterm prediction, visit my other charts.
Greetings and wish you all good luck!
Cross
Are you seriously scared by this BITCOIN move?What a great and complicated chart to make some analysis on.
Let's start.
First of all: nothing to worry, yet.
We made 10 consecutive days with a single retracement, starting around 4100$ up to 5400$.
A correction here is not only healthy, it's necessary!
As you can see from the chart, we were following a well structured channel, and today we clearly broke it, with decision. This channel will probably act as resistance in the following periods.
This dump was necessary, as the RSI was definetly too high in the daily (still above 70!): it's better to correct now 10% than 30% at $6000.
After this, we should consider the future: what will happen now?
There are two possible solutions.
I'm more for the bullish one.
The bullish solution is that BTC will find support in the 5000$ area (S1) and continue this uptrend in the following days. This would be great as in 14 days we will see the GOLDEN CROSS, which could make the new bull market start.
The other hypotesis is that this 5000$ support won't hold, and we will be back at 4700$. At 4700$ we won't have the Golden cross, and the market will decrease this bullish sentment..
From the pure technical side, you can spot that RSI has finally arrived in the oversold territory in H1 for the first time since the big pump. This could be a good buyin, if you consider the long trend as bullish..
We'll update this analysis during the next couple of days.
What do you think?
Let us know in the comments!
Golden cross bullish on LTCJust a snapshot of the daily LTC chart against USD and how previously golden cross and death cross proved to be strong indicators for trend changes.
If the recent golden cross provides the same result, we're in for much higher prices in the coming months.
#notfinancialadvice
Trading plan for EURUSD, GBPUSD, USDJPY for 08/04/2019EURUSD*
The technical cross-section**:
Trend: -1
A strength of trend: -2
Overbought/oversold : none
The priority area of transactions : selling
Selling in the area of 1,1280 with a stop above 1,1340 and a profit in the area of 1,1220.
Selling in the area of 1,1320 with a stop above 1,1390 and a profit in the area of 1,1220.
The purchase in the area of 1,1200 with a stop below 1,1170 and a profit in area 1,1280.
GBPUSD
The technical cross-section:
Trend : 0
A strength of trend: -2
Overbought/oversold : none
The priority area of transactions: selling
The purchase in the area of 1,3020 with a stop below 1,2990 and a profit in area 1,3150.
The purchase in the area of 1,2950 with a stop below 1,2910 and a profit in area 1,3060.
Selling in the area of 1,3150 with a stop above 1,3190 and a profit in the area of 1,3060.
Selling in the area of 1,3240 with a stop above 1,3280 and a profit in the area of 1,3150.
USDJPY
The technical cross-section:
Trend: 1
A strength of trend: 3
Overbought/oversold: none
The priority area of transactions: buying
Selling in the area of 111,80 with a stop above 112,30 and a profit in the area of 110,90.
The purchase in the area of 111,10 with a stop below 110,80 and a profit in area 111,80.
The purchase in the area of 110,60 with a stop below 110,30 and a profit in area 111,50.
* all transactions are intraday, that is, it must be closed at the end of the day. The error in the parameters of transactions is +/- 5 points; in the case of fundamental force majeure, the recommendations may be less relevant;
** the trend parameter accepts values “+1” - an uptrend, “-1” - a downtrend, “0” - no trend. Determined in terms of the author's analysis of a set of signals from technical indicators from different time frames;
the trend strength parameter - accepts values from “-4” to “+4” and shows how strong this trend is. It is determined based on the author's analysis of a set of signals from technical indicators from different time frames;
overbought/oversold is defined in terms of the analysis of the RSI (8) indicator on a daily time frame. The boundaries of the zones are accordingly 70 and 30;
the priority area of transactions depends first of all on trend and its strength but is also taken into account our value judgments of the situation on the market.
Wish you successful trading solutions and transactions!
BTC maintainin bullishness; golden cross now on track for 4/11I appears that the stoch rsi is finding excellent support on the strong ascending 3 year old trendline keeping momentum bullish for now and has helped to increase the northern trajectory of the 1 day 50ma(in orange) to where we currently have a golden cross on track for as early as April 11th. Of course any significant selling from now until then will likely push that expected cross date back but price action currently appears to be in a bit of and ascending triangle/bull pennant on the one day chart...so if we were to break up from that price action within the next day or 2 we could expect a golden cross even sooner. So as of now things still look quite bullish all around...the only reason to even consider a downward move that invalidates the goldencross and instead results in a fakeout is that because everything looks so obviously bullish that the exact opposite could happen to trick a majority of traders. However beyond that, everything else seems to be indicating probability is currently favoring the bulls. So while I'm prepared for either outcome my bias leans bullish. If we are to break upward from the current flag set up the next consolidation or correction zone is right around 6k but ultimately I still believe we will get pretty close to the big wedge breakout target of 7229 maybe even as high as the resistance at 7.4k if enough fomo kicks in before any sort of significant correction happens.
Bitcoin (BTC) - The first bullcrossHello everyone out there in the MATRIX! - Welcome to my view on Bitcoin
LEFT:
1DAY CHART
We are too far away from the MA13, we have to see the candles go neutral and get it back on the right path. Lets see what Monday brings us.
RIGHT:
1WEEK CHART
Its CRAZY! BTC Broke the the MA34 line, but we have huge resistance cloud from the Ichimoku indicator, price will probably go sideways the next few days, but if the MA13 crosses the MA34, we will see a VERY bullish uptrend.
If the MA13 create more distance to the MA34, this will be a bearish signal, to the last support levels.
“Crypto is money 2.0, a huge hugehuge deal.”
― Mohsin Jameel
Best regards
JunezTX
ETHBTC is not far from risingThe ETHBTC cross is viewed as bullish since its December low. We have seen nice and clean impulsive rises followed by corrective pull back. The fall since 0.0396 is clearly corrective and will be followed by anew leg up, labelled 3 red . For this bullish outlook to be valid, we don't want to see trading below 0.029 low. Any break of this level will postpone our short term bullish outlook. Trading above 0.036 is a first encouraging sign a new leg up is underway.
Technical is in BUY mode , but momentum stays weak, which brings some clouds.
We are waiting for ETH to catch up very soon with BTC .
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Possible goldencross after higherhigh-achieving bullish breakoutWe can see after the recent bullish breakout from the rising wedge we were in that BTC has finally achieved the ever elusive 1 day higher high a crucial move necessary to jumpstart the next bullmarket. We of course are eventually anticipating a higher low to follow it but we may keep forming this higher high a leg or 3 more upward before correcting downward to form the higher low...so while I anticipate we probably are more likely to continue up a leg or 3 I am leaving this idea neutral until I see a break one way or the other. Another crucial move to kick the bullmarket into gear is the 1 day golden cross. Because of the recent bullish breakout from the wedge we can now see the trajectory of the 1 day 50ma has bent very sharply north which has given us the potential for that ever important 1 day golden cross to occur by April 11th!! In fact we could just consolidate sideways in a bullflag for the next 7 days and we would likely see the goldencross occur! continuing upward would only make it occur sooner as well. Of course we could always bart back down before those seven days, or have a golden cross fakeout where the cross occurs but only lasts for 1 to 2 days before having a huge dump back down to the downside. Definitely a possibility to always anticipate. If we do end up having a sustainable solidified and confirmed 1 day golden cross then all thats left from there to fully confirm the bull market is that follow up 1 day higher low and one more 1 day higher high to follow it up. ('m already accumulating each time we trigger a new leg up in the meantime and will definitely be adding to my bags should I see a solidified golden cross confirmed.
EOS Golden CrossGolden cross just occured for EOS vs USD. If we find support at or above $4.62 (previous long-term support), we can be sure a nice rally will follow! However, it might just skip finding support around $4.62 and go straight into a small to medium parabolic move, returning to find support at another previously strong level that coincides somewhat with one of the fib levels of said parabolic move.
You know what that means! :D -> long-term bull trend swing on its way for EOS and several other crypto assets that already have or are on the verge of having a golden cross.
BCH/BTC - ready to pumpBCH/BTC looks like it has great potential to pump up to the target.
Target: 0.0458
Bitmex Target: 0.0468
Blue triangle indicates the current range.
Green box is buy.
Red box is sell.
Blue line indicates major resistance.
Yellow line indicates t/p.
This is a log chart.
This is not financial advice. All charts shown on my page, including this one, are just for fun.
If you enjoy my ideas please give this post a like and follow my page if you would like to see future posts! :)
TNT/BTC - pump comingDecided to mess around with fib channels today and found some cool patterns. TNT/BTC looks very likely to hit the target.
Target: 0.00000786
Blue triangle indicates the current range.
Green box is buy.
Red box is sell.
Blue line indicates major resistance.
Yellow line indicates t/p.
This is a log chart.
This is not financial advice. All charts shown on my page, including this one, are just for fun.
If you enjoy my ideas please give this post a like and follow my page if you would like to see future posts! :)
Golden Cross For MTLAs we can see clearly on chart, orange line (50-day Moving Average) crossed green line (200-day Moving Average), which is called "Golden Cross" in literature.
RSI Momentum seems bullish as well.
I'm expecting a nice, satisfactory bull run from $MTL.
Not an investment advice, please do your own research before investing.
SPX 50 & 200 day MA Cross Imminent - Golden CrossThe S&P 500 index will form a golden cross formation on or about March 29th, this Friday. This is a bullish indicator when the 200 day moving average crosses the 50 day average after forming a death cross previously. A death cross is the opposite of what we're seeing here, where the 50 day MA crosses under the 200 day, which is a bearish indicator.
Why BTC could be going MUCH lower. Part 1: The Hammer strikesMoving averages. Whether you love them or hate them, trade with them or without them the fact of the matter is that some of them are very significant, even on their own as they can act as support and resistance. Once they cross however, their power can absolutely make or break a market as seen countless times in the stock and gold market but also with Bitcoin and, most recently, its death cross in April of 2018.
What surprises me at this point in time is that not a lot of people, even the analysts that I follow and look up to, are talking about the impending MA cross that is about to happen.
The 20 weekly (red) acted as support during the entire bull market and as heavy resistance during the current (and also previous) bear market. We are currently right below it and so far failed to push (decisively) through.
The 200 weekly (green) is perhaps the most important MA in all asset classes across all time frames and, in relation to Bitcoin, represents a line that has literally NEVER been broken and in fact was the point at which the previous bear cycle bottomed/ended.
In short, these two are probably THE MOST important MAs when it comes to Bitcoin, period.
And they are about to have a cross.
Since this has literally never happened before I can only guess what the outcome of this will be. I can tell you one thing though, expect some absolutely massive volatility. Think of it like a giant hammer, ready to either demolish everything in its way or produce a spectacular piece of metal art work.
Timeframe? Assuming the MAs dont change trajectory significantly, expect the cross to happen as early as on the 8th of April but no later than on the 22th of April (blue box).
My personal opinion is that we are getting closer to our final capitulation stage. Be on the lookout for Part II and III of the series where I will further expand on my extremely bearish views for the short and mid - term.
Thank you!
AAPL on new Bullish Trend! (Golden cross)To identify a Golden Cross , the following usually takes place:
1. There is a downward trend is occurring but is on its last legs because interest in selling declines and eventually begins to be overpowered by stronger buying interest.
2. The emergence of a new trend . It is all about the breakout of the new trend, when the short-term average crosses from below to above the long-term average, forming the golden cross.
3*. The new bullish trend is prolonged...
On another note,
On March 25th, Apple has a big reveal for the Dongle TV (their own firestick/chromecast), a new streaming platform, and more.
I think now could be a great time to go long on AAPL.
I appreciate any feedback!
EURJPY Likely To Fall Further! A SHORT trade SetupTRADE TYPE: SELL WHEN THE MARKET OPENS AT AROUND 124.800 LEVEL
STOP LOSS: 126.750
TAKE PROFIT: 123.000
RR: 1:1
TECHNICAL ANALYSIS
With the trendline and channel on daily charts broken convincingly, the cross is aiming to test the next crucial support that lies in the 123.000 level! Price has already given the confirmation and the short trade can be executed once the market opens on monday. There are other crucial technical analysis that are too long too explain behind this trade setup, all in all the analysis is based on weekly charts but the structure on the daily TF has given me enough confirmation to take this trade short
FUNDAMENTAL ANALYSIS
Well what can be said about the EUR! ECB on thursday surprised the markets by its more than expected dovish announcement which sent all the EUR pairs into high selling pressure. The EUR is sentimented to fall further in the coming days.
Shall there be any updates i will provide them here. cheers
EURJPY (CROSS) LONG Trade Setup! En-route to 128.000 levelTRADE TYPE: INSTANT EXECUTION AT AROUND 125850 LEVEL
TRADE TYPE: BUY (LONG POSITION)
STOP LOSS: 123.875
TAKE PROFIT: 128.000
PRICE HAS ALREADY CLOSED ABOVE THE DYNAMIC RESISTANCE OF DAILY 50 EMA GIVING ME ENOUGH CONFIRMATION TO GO LONG ON THIS TRADE. Furthermore The EUR is likely to appreciate soon against the USD because of incoming USD weakness. The price is currently confined in a channel and is likely to be en route to 128.000 level where the weekly 50 EMA is also present. there are various technical aspects and fundamental parts that are not visible on such short timeframes. On a longer timeframe based on support and resistance levels the CROSS seemed to be headed up for now.
cheers, shall there be any updates i would be providing them in this thread.
$OSTK bounce off cloud support, bullish Senkou span cross.To understand the recent low volume selloff take a look at a Bitcoin chart. The price has seen a corrective move back to support. While OSTK is highly volatile this price level will likely hold before the next leg up to $24.80 - $25.00.
Today appears to be critical but the uptrend still holds even below these levels, if the cloud support does not hold the next level of support is $16.38, this price will also coincide with secondary cloud support in a few days.
The Tenkan and Kijun cross, the could flip as well as the demonstrated cloud support are all bullish indications.
Healthy traffic levels on overstock.com over the last quarter are likely to have a positive impact on the upcoming earnings report along with progress made by several of the Medici Ventures brands in their markets of tokenized securities, land titles and voting on the blockchain. Short interest is maxed out.
The possibility of an announcement this month or next having to do with the sale of the retail operation coupled with the possibility of a venture capital investment in their blockchain startups gives OSTK a lot of upside potential and the market is taking notice.