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Golden

No 4hr higher low established yet only inside bar consolidation;Here is a basic layout of all the major support and resistance lines currently on the 4hr chart. The t line has been acting as resistance for a little while now but is teetering on the brink of flipping back over to support. If it does I anticipate the 100% fib line will become the current resistance. If it maintains resistance at the T-Line then we will likely see support again at the 200MA which has been holding strong so far. If it somehow breaks under the 200MA I will short a very small fraction of my position and try to limit buy it back around the 50MA...but even shorting then is a bit of a risk since we are now in a buyers market on the 4hr chart after closing more than 5 consecutive candles above the 50ma. In a buyers market it's always much smarter to just buy the big dips rather than selling any of your position. However since we are yet to be above the 50ma on the 1 day chart, I have a feeling this risk could be a smaller one. If it doesn't flip the 200ma from support to a consistent resistance however I will not be shorting at all. With these inside bars we still technically have yet to have formed any sort of higher low...so we are still somewhat due for a potential dip..if the dip happens, the lowest I think we could possibly drop from a retracement at this time is the pink curved eve trendline down at 7000. I am quite confident after seeing it unfold for many days that the a&e double bottom pattern will indeed be validated. One other big thing of importance to notice is the slopes of the 200ma and 50ma on the 4hr chart....the 50ma moving upward with the 200ma sloping downward....you can already see an impending Golden Cross on the 4hr will likely transpire within the next few days to a week from now. It's not quite as big of a deal as if a golden cross occurs on the 1 day chart, but it should still provide a solid bullish boost none the less which will likely eventually lead to a golden cross on the 1 day chart as well and far mroe upside to come with it. On my last idea post I showed you how on the weekly chart there is a large descending wedge which should reach it's apex around the 23rd of April...I ave a feeling we will break upward from this descending wedge before that date and the upside projected price targt from a bullish breakout of that will definitely lead to a golden cross on the 1 day chart and potentially a new all time high sometime in June. Still, keep an eye on support and resistance zones, because a retracement all the way down to the eve line is still a very real possibility in the coming days. Of course so is the possibility of consolidating sideways until the 19th and then continuing to go up. HODLing and buying the dips seems like the smartest strategy for now. You choose your own path though as this is not financial advice. Good luck and thanks for reading!
BITFINEX:BTCUSDLong
by DrDovetail
Finally seeing bearish priceaction post deathcross; bearpennant?It was confusing to me why there was such an unexpected bull surge recently immediately following the death cross on the 1 day chart on bitfinex. We climbed almost to the last recent climb but couldn't attain a higher high above it before now finally seeing a bearish reversal...This may be because even though the 2 moving averages have crossed on the current day candle...those moving averages can be moved until the current 1 day candle closes and then their positions for today are set in stone....so maybe it was a last ditch effort by some big holders to somehow take us high enough to push the death cross back apart before the 1 day chart closes 8 and a half hours from now. That would unfortunately take about 5 times the bull impulse we've currently seen which now that we've turned back around without even surpassing the last high seems unlikely which should set the death cross into stone by the time this 1 day candle closes. We are currently forming an equilateral triangle with price action that will likely be a bear pennant and once todays 1 day candle closes and sets the deathcross in stone on the bitfinex map will likely cause all other exchanges where the deathcross has yet to happen yet to occur....this will create a bloodbath on April Fools day with people thinking bitcoin is doomed...however I think that will be cryptos Aril Fool's Joke....I still hypothesize that it will only dip to the price level of the low we reached on february 6th (5700-5900) which I think will trigger a massive double bottom at that point and see us skyrocket back up and into the bull market just in time for the second quarter after triggering a goldencross soon thereafter....this is all just a gut instinct and is in no way shape or form meant to be taken as gospel or financial advice. We will soon see in the next couple days. Make your own decisions, choose wisely and good luck!
BITFINEX:BTCUSDShort
by DrDovetail
Bitcoin - Golden Cross/Death Cross/Every-CrossTook both the 50MA/200MA & 100MA/200MA within 1hr, 4hr & Day time-spans. Assigning valves to each 50MA/100MA/200MA. Extremes such as DAY and 50MA/200MA cross-over indicate longer term views decreasing likelihood although registering a more powerful indicator in place as the 1hr & 4hr fluctuate positive/negative multiply times within the DAY cross-over time-span. Golden Cross - Yellow dashed arrow. Death Cross - Red dashed arrow. Green Line - Positive view including corrections on drops , dependent on volume. Black Line - Negative view only correcting on bottom. Blue Line - Little or no price action. This isn't seen as future direction, I have other graphs published for that but shows how busy the current market is with TA ( I could include Flags, H & S....) BTC 0.85% -2.62% is seeing some tough times , so I should write this: ***Education Purposes only***
BITFINEX:BTCUSDShort
by CerealTrader
4
like clockwork 100% Fibline & 100MA acting as support/resistanceOn the current 4hr candle BTC is "keepin' it 100" with the 100% grape colored fib retracement serving as support, and the 100 Simple Moving average acting as resistance. As I anticipated in my last idea, I thought it would test the 100SMA a few times as resistance before eventually flipping it over to support. Once we are above the 100 SMA it can usually become a very stable support line, especially once the 50SMA comes up above it to join us, that is one type of "golden cross" that signals more upside. As you can see we haven't hit the recent bull flag projected target yet of the top blue fib line, so that gives me added confidence that the 100sma will soon flip to support...we also have still not made it to the descending purple wedfge's projected target price but are getting very close. I think the momentum will remain to the upside at least until we get that far but likely even after that with all these other bullish signals developing along the way. It's best to keep your eyes open for any negative g20 news or any negative regulation or scandal news involving crypto in the mean time because one easy way to spot a trend reversal is when suddenly all the crypto news article headlines switch back from positive to extremely negative.
BITFINEX:BTCUSDLong
by DrDovetail
Inverted head & Shoulders still very much in play / Death CrossHey all just an update...I've pulled my btc position via stop loss last night at around 10490 but have decided to leave ethereum in for now as its doing well with robinhood...As the price continues to pullback the good news is an inverted head and shoulder pattern is still very much in play....however as you can see with the small yellow dotted lines that show the current price in a trendline with the deepest price point on the left shoulder, we might still not be at the depth peak of the right shoulders dip just yet.... the small white dotted line directly underneath the yellow dotted line has the exact same trajectory as the dotted white neckline of the head and shoulders and that line bottoms out around 9580. so we could still dip to the 9500s in fact that's the exact pricerange I see on the gdax depth chart where it looks like we have enough support volume at that pricepoint to carry us back into the 1100s.....Now I'm sure there's been plenty of head and shoulder patterns who's necklines and shoulder tops didn't run exactly parallel to eachother but there is at least a increased likelihood and mild improvement in probability that if the price did pivot in the 9500s at the parallel price point that the odds of it becoming a legitimate inverted head and shoulders once the shoulder reaches the end of the right shoulder fot it to indeed be a massive validated head and shoulders pattern with at that point after volume confirms it a lot of upside. Let me know in the comments how often the head and shoulders pattern's shoulder and necklines don't follow a parallel trendline if you happen to know or get a chance. Lastly we recently had a brief golden cross recently between the 200EMA and 50EMA but it appears the blue line and grape line are headed towards eachother again..it may lead to another death cross or it could bounce off before that happens...a death cross could be what finally pushes things down to the 9500 range. Thanks for reading...play responsibly. Always set responsible exit and entrance points to whatever fits best with your life.
BITFINEX:BTCUSDShort
by DrDovetail
Bitcoin USD Golden Cross formed 18th Nov 2017 12pm GMTJust got a full confirmation of a golden cross on the RSI and moving averages with cross appearing below the price forming the cross Expecting a little rebound from Bitcoin to possible test on the ATH again Market Cap peaked out earlier just shy of $232bn, we could be going to a 1 Trillion MC soon as the bubble expands If MC pushes hard to over $240/50bn expect some higher movements on Bitcoin and Bitcoin Cash too
BITSTAMP:BTCUSDLong
by majorlee
15
XAU/USD Market Analysis and Trading Tips 29th June 2016Overview: The Gold market fell during the day on Tuesday, but did found enough support below at the level of $1305 to bounce slightly. The main trend of Gold is bullish on charts and the $1300 level is looking a strong support level, at this point in time buyers are still interested in in the precious metal . The primary trend of Gold is bullish on charts. On its 4 hourly chart, market is trading above 100 days moving average. It is having important resistance at the level of $1330 and support level at the level of $1300. On its 4 hourly charts, MACD is sustaining in its positive territory and RSI is sustaining in its buying zone indicating the upcoming bearish trend in the oil prices. On intra day basis one can go for buy on lower level strategy. www.tradingsignalreviews.com
FX:XAUUSDLong
by TheBanker