ARK Showing a golden cross followed by positive actionHello all,
ARK is one of the more interesting crypto projects in my opinion, as a long term outlook we can see a golden cross has now taken place on the daily time frame. ARK offers an iOS wallet that pays dividends weekly. With this type of compounding affect in a every growing world of crypto, this can potentially offer a great long term hold for the true HODLers that dont trade but rather value invest. As of now the estimate is 7% annual while weekly compounding.
I recommend waiting for a cool off period to pick a good amount of ARK at the 200 EMA (Red)
Thank you,
Goldencross
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.
ADABTC completes 1 day golden cross/picture perfect ih&s patternWe can see here on the 1 day ADABTC chart that the price action is responding quite bullishly to the recent 1 day golden cross. Also we can see a picture perfect inverted head and shoulder pattern here which cardano has just now broken above the neckline with good bullish volume to match it. There is still a slight chance at a fakeout here but we should know by the next 1 day candle if this is a legitimate triggering of the inverted head and shoulder pattern. With the volume confirmation here probability favors a breakout more than a fakeout currently especially coupled with the recent golden cross and so I'm listing this idea as long. We also have talk of cardano being added to the ledger cold wallet and cardano also being next up to be added to coinbase...the coinbase rumor is not as solid as the ledger speculation but both are certain to be impacting price at the moment. If the ih&s breakout is triggered I have put a projected breakout price target here in green.
LAFARGE READY FOR UPTRENDCement firm LAFARGE,achieved golden cross last week. I
I personally see a lot of upside potential!
CRUUF "BULLISH" GOLDEN CROSSCRUUF is now displaying one of my favorite bullish signals - GOLDEN CROSS
Also, very bullish is its current buy opinion by one of Wall Street’s leading Technical indicators barchart.com, which just issued CRUUF an 80% "Buy" short term ! > Hence Time Sensitive?
CRUFF "BULLISH" GOLDEN CROSSCRUUF is now displaying one of my favorite bullish signals - GOLDEN CROSS
Also, very bullish is its current buy opinion by one of Wall Street’s leading Technical indicators barchart.com, which just issued CRUUF an 80% "Buy" short term! > Hence Time Sensitive?
BTC -USDBullish H&S pattern but btc not make higher high yet.. Many Resistance line near 4100-4300, if break it we wl see price pump upto 200daily MA.
Volume near 10 month high..
As strong resistance BTC also hv strong support which we saw many times,big support at 3600 and 200 Weekly MA near 3400
Golden cross 50/100 Day MA.. Although it didnt show impact in price..bt it give confidence among the investor dt market recover n impact in long run...
11500sats soon?we have had the golden cross (200ma-50ma) so I dont think the previous resistance/support will cause any concern so is 115000 coming?
The LTCBTC Cup and Handle may finally be triggeringThe cup and handle pattern we have been watching unfold on LTCBTCs chart may finally be triggering here as ltc seems to be legitimately breaking up from its current bull flag which ahs a target that should once hit make triggering the cup and handle pattern a sure thing and continuing its bullish momentum...however there have been a lot of fake bait pumps and bait dumps over the last few weeks so we must keep in mind this could potentially be the case again here as well...however with the 1 day golden cross on ltcbtc fully sustained now I think probability favors a legitimate breakout of the cup and handle pattern here.
2 BTC to 20 BTC Trading Challenge - Day 56 (0.466 BTC)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.
Click here for my Comprehensive Trading Strategy | Click here for my Comprehensive Trading Process | Click here to learn about the 2 BTC' to 20 BTC' Trading Challenge
It looks like we are finally getting some volatility and this is very exciting. In order for me to succeed with this challenge I need a big trend that I am able to enter into early in the game. The chop that has occurred over the last two months has been very difficult to trade.
If USDTRY can resume it’s bullish trend then it is game on. I am ready to bet big on this one, but as always will be starting small. The 4h chart recently had a red 9 at support and that was a good opportunity for me to start building a position.
Next I am watching for a golden cross with the 50 and 200 EMA’s. After that I will be watching for the same golden cross but on the Daily. If that goes as expected then I will be building a long position of ~10 BTC.
If all goes according to plan and then my most conservative target gets hit I will be back in the green for this challenge. The chances of that happening are realistic but not necessarily to be expected. As long as I continue to diligently manage risk and wait for ideal entries then I am confident I can get this challenge going in the right direction in the allotted time frame.
The crypto markets are also very interested for the first time in months. It is right on the verge of making a big move as far as I can tell. To learn more about what I am watching for see the Watchtower below as well as the 335th day of the Bitcoin Daily Update .
Open Positions
Exposure: 0.14 lots (3.66 BTC)
Long USDTRY
Enter: $5.3107
Stop: $5.236
Risk: 1.39%
Watchtower
USDTRY
Notes: Price getting squeeze in between 50 & 200 EMA’s on 4h and D.
Gameplan: Add if 4h GC. Add on D GC if not too far away from price. Close > $5.56 is another signal to add
Target: $6.55 (ATH Retest) & $8.00 (Big W Target)
ETHBTC
Patterns: Descending triangle.
Notes: Getting squeezed between 50 & 200 D EMA’s with beautiful cupping pattern
Target: 0.07 if break triangle to upside
Gameplan: Waiting to see how market reacts to Hard Fork. The technicals are very bullish, but Hard Forks are generally a sell. This might be different since there is no alt token being created.
ETHUSD
Notes: First bullish crossover with 4 & 9 week EMA’s since April 23, 18. Only the 2nd since Feb 2017.
Gameplan: Same as above
LTCBTC
Notes: Weekly golden cross with price above 200 W EMA.
Gameplan: If BTC can close a daily above $3,922 then I will be looking for longs. Will enter on LTC if ETH hard fork hasn’t happened yet.
Bitcoin Daily Update (day 337)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.
Click here for my Comprehensive Trading Strategy | Click here for my Comprehensive Trading Process | Click here to learn about the 2 BTC' to 20 BTC' Trading Challenge
Consensio: M MA > S MA > P > L MA
Patterns: Phase 7 Hyperwave | A&E | Bear Channel
Horizontals: S: $3,742 | R: $3,820
Trendline:
Parabolic SAR: W: $4,216
Futures Curve: Backwardation
Funding Rates: Longs receive 0.0183%
BTCUSDSHORTS: Rejected from 9 EMA. Will be interesting to see if it makes lower low
TD’ Sequential: Bullish price flip with todays close, current candle is trying to make bearish price flip
Ichimoku Cloud:.Watching for close above Tenkan-Sen
Relative Strength Index: Continues to support > 50
Price Action: 24h: +0.21% | 2w: +6.6% | 1m: +12.1%
Bollinger Bands: Continues to support > 50
Stochastic Oscillator: Monthly buy signal in confluence with weekly buy signal is very rare / powerful
Summary: In a Telegram conversation with Leah Wald I mentioned that “I can’t remember the last time I felt this bullish about crypto” .
This is only the second time we have gotten a monthly Stochastic buy signal < 20 and the first time it has been < 10. The last time we got that signal it called the bottom of the 2015 bear market. Just so happens that both occurred on a monthly red 8.
I do not think we have found the bottom due to lack of capitulation / FUD as well as Hyperwave theory, however I do feel very confident that we are in for a strong bounce over the next couple weeks / months.
First target is the top of the bear channel that is pictured above under ‘trendlines’. If we breakthrough there then I expect a $6,000 retest / rejection which leads to capitulation and a return to $1,000 / Phase 1. However everything hinges on closing above $4,200. That is due to the massive gap in the visible range volume profile.
If we breakthrough $4,200 on a daily closing basis then that is the final confirmation I will be waiting for. I have already started to build my positions and am ~30% entered. Will make sure that I am 100% entered if we close above $4,200.
My BTC forecast (NOT Professional)Once upon a time,
Based on my hypothetical assessment, this chart reflects the "starting point" of the triangle to be June 4, 2018 "DEATH CROSS". In light of the 200 Day EMA's current trajectory, and established LOW, it appears to support the few rejections aligning the top of the triangle nicely as noted by the yellow circles. As such, IF all things stay equal, my BTC forecast for the next few months are as follows:
+Best case scenario, BTC makes a significant trend change on/around April 20th;
+Worst case scenario, BTC makes a significant trend change on/around May 20th;
+Doomsday scenario, BTC breaks below 3,100 (YOU pick a day)
*The green lines are reasonable representations of the price channel BTC will bounce around-in, with "slight" deviations above/below it of course, until the significant trend change occurs (i.e. "GOLDEN CROSS").
The End.
Digibyte $DGB Expecting a BreakoutExpecting a breakout for DGB. Found support and has already broke of descending triangel, RSI divergence. Waiting a Golden cross soon, 50MA crossing over 100MA.
XRPUSD finds support on IH&S Neckline as 4hr goldencross begins.I'm leaning bullish here even though the 1 day candle closed just under the inverted head and shoulder patterns neckline we are now seeing a decent rebound back above the neckline on the current 4hr chart candle with 20 minutes left to go before the next 4hour candle and we can also see the 4hr golden cross is just now starting to set in. Boh bullish signals....however I'm leaving this idea neutral however because we haven't yet gotten a 1 day chart higher high on btcusd which we will need soon to continue the bullish momentum and hand control of the market over to the bulls. Even though the 4hr golden cross has just now started to occur...in this crucial window for at least the next 3-5 4hour candles it is a zone where a golden cross can end up being a fakeout...to sustain solidify and confirm the golden cross we will definitely need to see the inverted head and shoulder neckline maintain strong support as well as trigger the pattern. until we have confirmation a fakeout is still a possibility. Overall I have a slight bullish bias for now but wanna be prepared for a potential inverted head and shoulder fakeout or even a golden cross fakeou possibility. t
ADABTC @ precipice of ih&s brkout & both a 4hr & 1day goldncrossAll Ada has to do now is overcome the 1 day 200mas resistance(dotted blue line) if it can and flip it to support it will likely then trigger it's inverted head and shoudler breakout as well as both the 4hr golden cross and the 1 day golden cross which will extend it bullishly for quite sometime. Bst to stay reserved on ADA until we see it flip the 1 day 200ma to solidified support first though.