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1d200ema

BTC DAILY - MA compression On the daily timeframe something very interesting is happening. A convergence of price around the blue KEY S/R is very interesting when you factor in what the moving averages are doing around this level also. 1D 200 EMA is completely flat having lost all of its momentum with the months of chop and then the sell-off into current levels. For a bullrun to be credible you want to see price above this level and a steady/steep slope up. Due to the lack of direction of this moving average price is able to climb above and drop below very easily and therefor it is neither support nor resistance until there is a trend. 1D 25 EMA is a different story, now that BTC has put in a local top and trending down, the 25 EMA is resistance but has been flipped in the last few days with price bouncing off the level 4 days in a row. This is good news for the bulls but the longer we linger here there is more chance dropping back under it. Diagonal resistance as simple as it is has 4 points of contact and will be a big point of resistance and one many traders will be keeping an eye on. On the lower timeframes we're seeing a bullish channel, a loss of this channel would be a huge red flag and a catalyst for a risk off event IMO, continuing the downtrend.
by ProR35
4
LITECOIN 4H (LTC)Litecoin is one of the best performing majors in recent weeks and finds itself around the mini range highs in an area of key resistance. The way I'm looking at this chart is in two separate sections of the same mini range, a lower range and upper range with an area of indecision between that separates the two. Despite how choppy the market has been price can be clearly analyzed in this format: Lower range - Clear level of support where buyers are stepping into the market aggressively to rebound any sell off and pushing price up further towards the 1D 200 EMA. There is one instance of price sweeping below range low and quickly reclaiming back above, that move has been a catalyst for bullish PA ever since with a strong bullish structure. Upper range - The top of the upper range has yet to be retested as there is major resistance area position just before it, this bearish orderblock has rejected 4 times and is now being tested for a 5th at time of writing. It is important to note that the 1D 200 EMA is currently at its highest point during this rangebound environment, coupled with higher highs and higher lows on the low time frames, Litecoin is looking good currently. However, bitcoin is still very much the dominant force in the market, and without bitcoin paving the way I can't see LTC making a breakout move just yet. In order for Litecoin to make a run for the highs I would like to see BTC @ $98,000 with a full reclaim of the weekly midpoint (See weekly outlook). To conclude, Litcoin is in better shape than most other coins but this rangebound environment should be treated as such until proven otherwise, no action needs to be taken in the main bulk of either the upper or lower range, just the tops and bottoms are worth acting on IMO.
by ProR35
SUI DAILY First retest of the 1D 200 EMA since September '24, and a fill of the FVG area. A very strong reaction off that level but the overall trend of Lower Highs and Lower Lows signals a bearish trend. For that reason a golden pocket rejection could be the play if price reacts off that level, SUI would then target a move to fill the wick if breaking it can break under the 1D 200 EMA. I would look to go long if the Lower High is taken out and 1D 200 EMA is confirmed as support.
by ProR35
2
TOTAL DAILY The flash crash of Monday took TOTAL all the way down under the previous cycles high and tapped the 1D 200 EMA before reacting well to move price between the DAILY RESISTANCE & SUPPORT. For me I still think crypto has space to grow, seasonality tells us the first quarter of a bullrun year is great in terms of returns with a tail off in Q2-3, coupled with the US administration being pro crypto and the looming strategic reserve getting closer, ETFs relentlessly buying Bitcoin, same with MicroStrategy. The two entry options for me are when the wick gets filled and a reclaims the '21 ATH once again, that would sweep the demand zone and take out a lot of stop losses before targeting the DAILY RESISTANCE and the HIGHS. Another entry would have to be a reclaim of the DAILY RESISTANCE, I would be worried that the wick still needs filling but maybe it would be during the bear market. For that reason a close SL would be useful.
CRYPTOCAP:TOTAL
by ProR35
SOL/USDT 1D trade idea Solana has been one of the best performing majors so far this Bullrun, and has had one of the best reactions to the recent sell off. The DAILY chart is an interesting one and clearly respects the range structure, currently the price has just rejected off the MIDPOINT and for me is an area of contention, there are some triggers i'd like to see and can take action on: - Accumulation below the Midpoint before a break above putting in higher highs and higher lows when above. The target would then be range high with the 0.75 line as first TP. - A new lower low and lower high on the LTF from now may signal a move lower, this could then find support at the 0.25 line which is also where the 1D 200EMA is and therefore good support.
by ProR35
7
BTC DOMINANCE After a Trump victory the markets are booming, a new BTC ATH pushed bitcoin dominance to new local highs of 60.6%. Now we've seen a decent retracement on the daily candle and BTC is still in price discovery. This indicates to me that we have an altcoin resurgence on our hands, returning confidence in crypto and the green light for crypto support by America is a very important to this current rally. I could see BTC dominance dropping to 59.5% before any continuation (bottom of the trend channel) higher and that's not particularly from a BTC selloff although that is possible as a SFP, but more likely is just BTC staying where it is and altcoins making up some ground. RSI has dropped out of the oversold zone with this daily candle, a cool off is eventually inevitable as long as price stays flat while RSI cools it's very bullish. A lot of that altcoin move needs to be from ETH imo, with BTC @ ATH Ethereum is 72% away from ATH... A massive difference and one that should close up going into Q1 2025. The standard process for a crypto bullmarket is: BTC --> ETH --> LARGE CAPS --> MID CAPS --> SMALL CAPS So far we're clearly still in the BTC phase, keeping a close eye on the ETHBTC chart to see if the momentum shifts towards Ethereum but that doesn't seem likely until next year at the earliest.
CRYPTOCAP:BTC.D
by ProR35
ZEC/USDT 1D Zcash is a chart I like the look of quite a lot on the 1D timeframe. ZEC has outperformed the majority of the altcoin market since it flipped the 1D 200EMA downtrend into an uptrend. The 1D 200EMA has been I a downtrend for 2.5 years since the very beginning of 2022! Since then ZEC has bounded off the moving average once with a large wick and now it has just swept liquidity and reclaimed. Waiting for a confirmation of support with some clear closes above. The local double bottom can be seen using the 0.25 line as support. The next resistance level is the 0.5 range midpoint should the 1D 200EMA close above with strength. It's important to realise that ZEC is still -92% from its $371 ATH, so it has huge room to grow once price has broken the more local range (1.0 level). If the last few months are an indication of the kind of support it has then it's a very good sign IMO. The local range that is
by ProR35
2
BITCOIN LINE IN THE SAND BTC has lost the 1D 200 EMA for the first time this year which is a major TA trend Indicator. On the daily timeframe we can see a clean breakthrough below on the first touch since October of last year, which initially is surprising as this level is seen as key support for keeping a bullmarket going. Now that BTC has fallen under the moving average we've seen attempts at breaking back above for the last 3 days in a row, and with FED chair Powell set to testify today and tomorrow along with CPI &PPI on Thursday and Friday respectively. It's quite a FED heavy week with can bring volatility to the market. The ETH ETF is rumoured to begin trading next Monday (15th July) which could be the catalyst to get both BTC & ETH back above their 1D 200 EMA's. For now the general worry is that the selling pressure caused by the German Government and Mt. Gox is what is dragging price down. However, yesterday recorded a net inflow of $295m for the Bitcoin spot ETFs, the most in 21 days which suggest there are buyers looking to absorb those Bitcoins that are being offloaded. I am still a little confused as to why the German Government have decided to market sell through an exchange instead of any OTC transactions, perhaps it's a play to shake out weak hands and make retail panic? The FA is always complicated but I still believe that the bearish factors are more short term when compared to all the bullish more long term factors. Short term market selling vs long term supply shock caused by the halving, institutional investors and ETFs buying, US election and rate cuts. CPI & PPI can be volatile news events for the market, I think it could be one of these events that could be a catalyst to reclaim the 1D 200 EMA, we've seen a full reset of the RSI since the rally of earlier this year. Historically these are all good long term entry criteria.
BITSTAMP:BTCUSD
by ProR35
10/06/24 Weekly outlookLast weeks high: $71,199.84 Last weeks low: $67,611.61 Midpoint: $69,801.22 Chop, chop and some more chop for Bitcoin. A steady a climb for BTC last week from range lows made at the beginning of the week with a high just shy of $72K before freefalling to the 0.25 line which coincides with the '21 ATH level l, and a bounce back up to the midpoint which is currently LTF resistance. The altcoin market is looking in pretty rough shape in comparison to BTC, many have halved since their highs and are now retesting their 1D 200EMA's for support. In a Bullrun you'd expect these levels to hold and can offer great Long entries, I'd like to see BTC show strength above the '21 ATH because if we see another drop below alts will follow and once below the 1D 200EMA we could be in trouble for a while. For this week I am looking at potential alt longs at the 1D 200EMA levels but being very aware of Bitcoins price. No trade if BTC is below SWB:69K as that would be yet another failed ATH run, and would look to target lower down in the chop range.
by ProR35
21/08/23 Weekly outlookLast weeks high: $29678.9 Last weeks low: $26943.6 Midpoint: $24208.4 August so far has been living up to it's history of being a red month. Last week we saw price fall ~18.45% from weekly high to low, filling in the fair value gaps from the previous HTF rally and printing a new 1W lower high for the first time this year. Now that the FVG has been filled and a bit of volatility reintroduced into the market the next move is very important. For BTC to stand a chance in the near term I think the bulls need to reclaim the 1D 200EMA very quickly. Last weeks midpoint at 26942.4 is also approximately at the 1D 200EMA. However, If price rejects off that level when retesting it then I do think price will slowly find itself tending towards the yearly open of around 19k.
by ProR35