Follow The Leader Bitcoin Ready To Golden Cross On The Daily Hey there, dominantly altcoin investor here. However I've been in this space for a few years now and realize I need to start publishing more consistently with BTC. This is the first of many.
Following the sell off from the last high (near 10% move wick to wick) BTC is finding support on a major level of support around $9500. 50 Day Moving Average is attempting a Golden Cross over the 200 day. RSI dipping into oversold region. Intraday timeframes looking Bullish on the 4 hr and Bearish on the 1 hr.
If you were around in late 2017 you remember how fast price climbed once we broke above $10k. This is a halving year with more demand for BTC than ever before. Any facts outside of that is just noise at this point in my opinion. There are fundamentals that will become a factor for many main projects in the future but it is still early in the game. To prepare for the future learn from the past. Double Digit Bitcoin will never again be mined in one block.
Not Investment Advice.
Goldencross
Golden Cross V Rising Wedge and Low VolumeHello Traders, Bitcoiners, Hodlers and Chart Watchers,
Looking mostly at the Daily BTCUSD Pair:
On the current trend the 50MA/200MA golden cross will happen ~ 2/20/2020 - Within a week
The BTCUSD pair on the daily chart is showing a steep rising wedge that will break within a week
Xi Jinping Resistance ranges between 10,480 - 10,580
What is most interesting about this chart is that that Xi Jinping announced support for blockchain technology right after the Death ~ 10/24/2019 and The BTCUSD pair rose sharply with volume. Had there been no positive news at the time, the BTCUSD pair should have tanked to the long term support set in December 2018 to march 2019.
What will happen when we make the golden cross in a week? Time will tell.
BTC golden crossThe 50 SMA on the daily looks to be on path to cross over the 200 SMA as it has crossed over the 100 SMA already. This hasn't happened in a while, and last time was in the end of April 2019 and Bitcoin had a 64 day run of around 147% from 5.3k. Expecting a nice run up to halving with this golden cross.
Altcoins Golden CrossThe Crypto Market Cap minus BTC is one of the most important charts in crypto right now. For the last couple of weeks alts have given a higher beta than Bitcoin.
The alts market have already had their golden cross and are moving hard towards the second layer of the angel cake. We also have some clear rounded bottoming. But this is certainly not yet a sign that alts will continue to outperform Bitcoin over the medium and long term. Expect strong resistance from here to the .236 - this will be the key level to get out of. However more rounded bottoming on the way is very possible.
In the meantime, enjoy trading alts against BTC and always look for sound entries and r:r.
I was wrong Bitcoin is breaking all the rules yet againA while back I published an idea that Aroon signaled a Bear trend in BTC. Although the Aroon 233 did cross the green line it never hit 100. Now after a few weeks it looks as thought this might have been a bear fake out. I added the Aroon 144 and you will notice that the green line has now crossed the red and has hit 100. This is setting up to turn BTC in to a Bull again.
Lastly NVT is still saying BTC is a BEAR.
If the Aroon 233 green crosses the red soon we could be looking at BTC turning in to a BULL.
We are at a critical point right now. Also it is looking like the golden cross could happen in the next few days/weeks.
It's going to be fun to watch.
Good luck out there
XTZBTC triggers c&h breakout has 41% left to climbDefinitely one of the most bullish looking charts in crypto. Tezos still has lots of room to climb if I'm lucky enough to catch a pullback back towards the neckline at all I will definitely be jumping in much more than In currently already am. Not only has xtzbtc already had a true goldencross confirmation but it has now also triggered the breakout of both a beautiful cup and handle pattern which doubled as an inverse head and shoulders as well so it's looking tremendously bullish.
Basic Attention (BAT) with Double Bottom Adam & Eve validated...BAT/USD Binance. Time-frame 1 Day.
* Golden-Cross confirmed, with the 50-day MA moved above 200-day MA.
* Breakout neckline done that is validating the Adam & Eve pattern.
* Fibonacci retracement @38.20% passed - Next FIB target @61.8%.
* Target 1: +37,5% from buy entry.
Note: Learning TAs in order to improve my analyses, I will be glad to get any advise from TradingView experts. Thanks.
BULLISH SIGN: GOLDEN CROSSResistance -> Support
We can clearly see a support level that went from resistance to support. After this, we will see a retest of this support (which is happening now) and a push to the upside were the currency pair will close a gap in the market.
50 MA crossover with 200 MA
In 1-2 days we will see the 50 MA crossing with the 200 MA (Golden cross). This is a clear bull sign and therefore I am waiting for a push to the upside. This could be a potential +100 pips trade.
Disclaimer!
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
Golden cross slated for the 16th of FebruaryCould see a dump back down to fill the gap at 8.5k in the next few weeks but even if that occurs it isn't likely to reverse the inevitable golden cross. I will be accumulating here but also holding a little capital to accumulate more should we fall to 8.5k as well.
bittrex dashusd no breakout of triangle yet like krakenshowing the chart for dashusd on bittrex to because unlike krakens it hasnt broken out of the pennant yet..also put a lower breakout target in case it only counts the triangle and not the the pennant and its around $175. On both exchanges however the golden cross should occur by the next daily candle so I'm, still very bullish
Kraken DASHUSD chart eyeing goldencross by tomorrow! Target=$220Haven't checked dashusd on other exchanges yet for confluence but on the Kraken exchange it looks ready to blow! *not financial advice* . We see here a symmetrical triangle in an uptrend attached to a flag pole= bullish pennant. If it reaches the pennants breakout target we are looking at a target of around 200-220, if it only reaches the triangles target it will be considerably lower but with the inevitable impending golden cross I anticipate it will reach the full breakout target.
EOS/USD about to get golden cross on daily, big rally incoming?EOS/USD about to have a golden cross on daily. Last time this happened in april 2019 and price went from 4.20 to 8.65
I think all the signs are pointing towards us getting the annual april rally a bit sooner and most crypto tokens are about to gain 2x in value over the coming weeks
and this time the rally should be extended, 2019 was a golden cross then death cross for consolidation
this time the golden cross could take price back to ATH over the coming 12+ months imo
Not Financial Advice.
BUY GOLD ON 2H CHARTAs a trader you should consider your own risk:reward ratio and do proper lot sizing according to your margin and leverage level.
Not every idea is a valid trade.
This analysis is a trading idea, not a trading signal for you.
My own trend direction estimation, entry point, stop loss and take profit levels are on the chart.
Good Lucks.
Alt season cometh?! Golden cross is days away!Alt season may finally be here! Looking at the 1 day chart on the Altcoin Market(total2), We can see the current trajectory of the golden cross has it happening on the 7th of february...however we are seeing a big surge in bullish momentum that could move the goldencross trajectory even sooner as price action has broken up out of the green falling wedge here and the target of the falling wedge breakout should take us to 96.63 billion right where a strong horizontal resistance line will be waiting but I believe will eventually be broken. The giant weekly head and shoulders fakeout is finally tired of tricking bears and has capitulated to the falling wedges bullish breakout. We are also seeing top alts like eth xrp and litecoin breaking out right now as well insinuating very bullish price action to come for the alt market.
Golden Cross on CardanoCardano is looking bullish here against BTC (and even more so against USD). We are about to get a Golden Cross with the 50MA about to cross above the 200MA on the Daily.
One thing to be careful of is whether this is indeed a break out of the bottom or just a product of being more or less in a sideways channel against Bitcoin since August. It has however been finding support on an upwards sloping trend line which suggests a move up from here is more likely.
A logical place to stock up for long positions would be around 550 Satoshis, shown here as the green line. Here we have a nice confluence of two fib levels as well as previous resistance. A sensible Stop Loss would be the .786 level, which is 505 Sats and equates to about 7.6%.
You could even ladder down your buys to 530 where there is also a double cluster of .618 and .5 fib levels, however this would mean re-entering the channel and probably a longer term play with a stop around the 200 Day MA.
$BTCUSD - Bitcoin Technical analysis - Bitcoin is being Bullish!Hello Everyone!
Hope you are liking our analysis so far.
Today DMA's are giving bullish signs again, as DMA 50 has crossed DMA 200 upwards in the charts.
And is giving a strong signal of bitcoin being bullish.
As we have earlier said that " HISTORY REPEATS ITSELF " ,So here we can see that on
25th Oct 2015 it was the first instance when DMA 50 crossed DMA 200 and it rallied to mark the all time high and then on
25th April 2019 it crossed it again and it gave us a huge return.
Lets hope for a bullish rally again.
Also, please do Hit LIKE and FOLLOW button if this idea makes sense to you. Please do your research as well as this is not financial advice!
Thank you very much for all your support and love
Yo Crypto
If Eth triggers the 1day c&h breakout target= 243.29 so far its staying above the neckline so that's a good sign. If it does indeed trigger the cup and handle breakout not only should it climb to 243.29 but that would almost guarantee the golden cross will be sustained...which would undoubtedly lead to more upside this is just the immediate pattern...there is also a much larger weekly/monthly triangle pattern we just broke up from that could take eth to $600 in the near future. The weekly pattern will have to wait for another idea since it doesnt let me post different timeframes on one idea.