Goldencross
This chart is why I am wiring money to Gemini tomorrow morning Disclaimer: If you are primarily interested in copying other people’s trades then this is not for you. However, if you are willing to put in the work that it takes to learn how to trade for yourself then you have found the right place! Nevertheless please be advised that you can give 10 people a profitable trading strategy and only 1-2 of them will be able to succeed long term. If you fall into the majority that tries and fails then I assume no responsibility for your losses. What you do with your $ is your business, what I do with my $ is my business.
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I am not recommending that you do the same, and I will also be waiting for confirmation. In the mean time I want to be in ready position with fiat that is ready to convert to crypto. I do not believe in the fundamentals of Ethereum, or other alt coins, but the ETH:BTC ratio is at historical support and I intend to buy spot ETH if the bull flag confirms and then convert to BTC when the ratio rallies and / or gets overbought. If you are inclined to buy ETH because of this chart then you had better have a clear cut stop loss and take profit strategy.
I intend to buy all the way down to the 200 day EMA and exit if there is a death cross with the 50.
LTCBTC Clears that Wedge!Following up on a previous TA,
As observed price squeeze from BB indicating an imminent break to either the upside or downside. Given the bullish golden cross (50MA over the 200MA) as well as strong support evident on the 50MA, the breakout to the upside was of a much greater likelihood.
MACD has consistently defended its signal line, indicating a rejection of the bears. We await for ADX momentum to pickup for a sustained bullish price action.
Do note that Litecoin's halving is coming up in a couple months!
ICXBTC, impending breakout from a squeezeWelcome to this quick TA on ICX.
As you can see a wedge pattern has formed while price coils in towards converging Moving Averages. We can also observe price has broken above the all three MAs, returning back to the mean. The other key pattern printed is an impending GOLDEN CROSS formation, where the 50MA is testing the 200MA.
Three critical points to look out for:
REJECTION - from the overhead resistance
CONSOLIDATION - returning back to the mean, holding its support
CONFIRMATION - breakout from the overhead resistance
Good volume is observe, and maintained, signalling attention and accumulation.
Risk reward ratio is extremely favourable given that we are so low compared to previous highs, its a no-brainer. The major overhead resistance we may see would be the 50MA on the daily charts.
My planned exits would be 545 sats and 623 sats respectively, and maybe leave some for the ride. Stop loss for when it falls outside the wedge :)
Happy trading
XRPUSD FORGET A GOLDEN CROSS, TAKE A CLOSER LOOK AT THE CHART.Over the last few days there has been a lot of hype about a "golden cross" and now a "cup and handle". While these indicators do exist in the world of TA, they are not used as much as people think they are. Looking at pure price action and retracement levels, you can see a clear breakdown of what is happening. On a larger scale, price has held the 61.8 level while at the same time holding intraday 61.8 level again. I remember using the "Golden Cross" indicator around 7 years ago and soon realized that it is not an end all be all technical indicator as well as MACDs or RSIs and even cups of tea with handles. Focus on price action and not silly indicators to get a closer look at what price is telling you. I am still BULLISH on XRP. Let's keep all the silly $5 price predictions overnight down a bit yea?Cheers!
XRPUSD goldencross now official!As I said in my previous idea yesterday, we were 1 day away from the 1 day chart's goldencross on xrpusd and it has now officially crossed. The market tried to shake some weak hands with a solid bear trap last night but I know all those who understand the utility and value of xrp did nothing but hodl through it. Well done all he held as now the daily candle has flipped to green giving us 7 green daily candles in a row. This should just be the start of xrpusd's bullrun. There is still a chance that we could close a daily candle or 2 as red candles in the coming days, but our weekly candle is currently a big green bullish engulfing candle and as long as it stays that way by candle close probability very highly favors that we continue our direction upwards. Also on the weekly chart(not shown here) we have closed 2 consecutive weekly candles above the heavy resistance of the weekly 50ma. XRP is behaving exactly how btc did when it first closed a couple weekly candles above its weekly 50ma. It acted like it may dip back under for a second but then had its huge blastoff. If XRP behaves the same way we could see is huge breakout by the next weekly candle. XRPBTC should start to make strides and gains as well along with it.
Investors Turn Bullish on XRP (XRP) Following Golden CrossAccording to the XRP/USD chart, the altcoin’s 50-day moving average has moved above the 200-day moving average — a chart pattern known as a golden cross that is typically seen as an indication that a major rally is on the horizon... ( Read More )
XRP MUST SEE!!XRP is currently trading at $0,38 cents as i speak find another bottom on and at $0.375-$0.385 zone
THE RSI is flat in the middle zone. MACd is bearish for the moment.
A death cross was spotted on 5/19/19 which triggered another bearrun but XRP came back above the EMA..which failed to hold..
So. XRP is bearish.
I saw another golden cross possibility(read my earlier post) which can flip the table?? what do you think.. can we restest $0.40cents.
I see no reason for XRP to go down further.
WHY?? Major companies like: JPMorgan FIDELITY Etrade Microsoft StarBucks and many other are hoping in the pool..
Why would the banks go for a scam and lose there money without knowing it??
Bonus1: AT&T (thats right ATT the major phone carrier ) now excepts crypto PAYMENTS>> (ONLY billing for now)
BONUS2: DO NOT judge me: So-Called SATOSHI NAKOMOTO Craig Wright claims BTC will crash and BTC SV will take its place... (BITCOIN SATOSHI VISION)
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THIS IS NOT financial advice. do at your own risk. RESEARCH IT! Peace!
Golden cross 3X for MATIC spells another run to the upsidethe EMA and SMA 20 on the hourly are crossing above the 50 and 100 EMA and SMA. predicting a slight pullback to complete the wave then a breakout of the bull flag to create a new flag post to the upside. Target 0.048. Timeframe: next 1-3 days granted BTC doesn't fall apart. Pullback may drop as low as 0.0185-0.0225 as market depth is very even ATM.
Ethereum Technicals Turning BullishDisclaimer: If you are primarily interested in copying other people’s trades then this is not for you. However, if you are willing to put in the work that it takes to learn how to trade for yourself then you have found the right place! Nevertheless please be advised that you can give 10 people a profitable trading strategy and only 1-2 of them will be able to succeed long term. If you fall into the majority that tries and fails then I assume no responsibility for your losses. What you do with your $ is your business, what I do with my $ is my business.
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Consensio: Golden Cross on the daily | 50 Week EMA has just started to turn up
Horizontals: R: $260 and $275 | S: $244 - $250
Trendline:
Parabolic SAR: D: $245
Funding Rates: Longs pay 0.16% | Funding rates have been ridiculous over the past week or two. Generally big sell signal, but so far it hasn’t stopped price from grinding up
Shorts: At support | Longs are near resistance
TD’ Sequential: Daily Green 9 called the top of the run. Weekly is only on a 3.
Ichimoku Cloud: Currently testing the bottom of the cloud
Volume: Record buying volume on Bitstamp, Kraken, Binance and nearly on Coinbase
Relative Strength Index: Falling below 70 on daily | 4h supporting above 50
Average Directional Index: Daily is at resistance, this is very important.
Summary: Alts were at an extremely crucial point over the last couple weeks. Testing year+ long support on the btc pair while struggling to keep with up with BTC during it’s rally. If the support for alts broke down that could have been the beginning of the final descent.
Instead massive buying volume came through on the large cap coins. Ethereum and XRP specifically. I am very bearish on those coins for fundamental reasons but if the technicals are strongly suggesting that it is time to be bullish then that is what I will rely on.
This volume is something that just cannot be ignored. Maybe it is all fake, or maybe it was high volume during relatively low volatility which is one of my most important indicators of a bottom.
When comparing ETH to BTC it appears that ETH is where BTC was when it was in the $5,000 neighborhood. Brokethrough 2019 resistance (red) but still well below 2018 support (blue).
ETHBTC also appears to have supported 0.025 which was the do or die area as far as I was concerned. It is still too early to say that has happened for sure, but the trendline has been broken on a weekly basis and there is big volume across multiple exchanges.
I have been longing ETHUSD due to the massive volume and because of how it appears to be lagging BTC. Furthermore the 50 and 200 EMA’s have recently turned bullish.
I have started longing ETHBTC due to the trendline breakthrough confirmed with large volume as well as the price pulling back and into a golden cross on the 4h chart.
Bottom line is that the risk reward is far too favorable for me to pass up. If alts due explode then I will be taking profit into BTC as long as it remains bullish. When I am bullish BTC I want to accumulate more, and alts at these prices could be just the way to do it.
I am a Bitcoin Standard Bearer (maximalist) however that doesn’t preclude me from using them to try and increase my BTC stash.
Golden Cross on 5Y chart! Golden Cross on 5 year chart is now visible. Will we see increasing volumes as was the case in december 2017?
Golden Cross Soon? Downtrend of 1.5 years coming to an end?The previous positive MA-200 cross was on December 25, 2017, with the price rising from 14.4 cents to peak 53 cents in 2-3 weeks.
Now, however, we are not in the 14 dollarcents region. However, an increase to start with (370%) is possible. This will bring us back up to 8 cents. How long will it take? I count on 8 to 9 months with some good and bad weeks. We can not speak of the hype we saw with Gulden, such as the end of Dec. 2017 and jan. 2018. Which is a pity, because the Gulden Blockchain is now better and safer-than-ever. The first resistances are around 2.6 cents and 3.4 cents. See the blue lines. Big news for Gulden is on its way and can cause a sudden demand, which means that price targets can be reached faster than expected.
This crossing that I expect on May 20 or May 27, 'Golden Cross'. Here the 50-day moving average will cross the 200-day moving average. This is almost always a sign of the change from downtrend to uptrend. A down trend is not infinite, and I think it has lasted long enough at Gulden. With this 'Golden Cross' I expect a few new / old speculators who are going to buy a lot of Guldens. Most (crypto) traders often have tools that give them a warning when something similar occurs with a share/crypto. They then take a closer look at the share / crypto currency, and see whether the long-term down trend is approaching its end.
I really hope that we will experience a slow climb in the coming period, instead of a period of pump and dump. I am not waiting for that at all. I do hope that in the coming period Gulden will receive more attention that it deserves, and that people will be attracted with a long-term vision and more will be built on one of the safest blockchains in Europe.
ETHUSD breaks bullishly up out of falling wedge target= $261 Lots of bullish signals converging at the same time on the ethusd pair right now. First was the golden cross on the 1 day chart that occurred a few weeks back and now appears to be sustained. 2nd we have the bullish breakout of this weekly rising wedge pattern(a pattern that typically breaks bearish). For a bearish pattern to break confidently bullish like this is a very bullish indicator. Our next bullish signal is that the weekly 50 ma(shown here in orange) appears to be holding solidified support. This is clutch...if it can maintain support the $261 price target should be hit with little to no pullbacks. The only cause for concern here is having the stochrsi on both the daily and weekly charts now in the overextended zone..but as we all know on bull runs it can stay over extended for quite some time so thats nothing to be alarmed about just yet.
ETH/USD Where is it going to?Hello Friends,
I will update this chart with expected targets if there is enough interest from the community. If the community wants more details, please show your interest by hitting the like icon .
Looking at the daily chart we can see a rising wedge after a long down trend since the peek of the market. Has ETH hit bottom or is another bottom still in the cards?
All I can say at this point is the RSI has turned downward along with the MACD in tow. The RSI is showing a divergence yet there is a fractal signal giving indication to stick it out for now. The bollinger bands have turned inwards for a possible squeeze, forcing out whatever juice that remains of this trading pair. Despite the SMA golden cross and its SMA 100 predecessor, we haven't seen much action. The 50 is looking temporarily as support but the pattern will dictate the outcome as will sentiment in the market.
Looking at the weekly chart the RSI is neutral yet curling towards the bottom but the MACD is showing mixed signals and continues to climb. Volume has significantly decreased since November yet we are watching a decline in price. So which way is it going?
I have an answer but that will require an interest in the community.
Cheers!