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200dayma

Update on BTC USD following the retest of 200 day MALooks like the 3rd wave DID in fact consist of a 3, 4, 5 on the Elliot wave. I am still holding onto this 200 day MA as support theory, while respecting the fib retracement levels at 46901 and 46232. This would be the 3rd time we test / breach the 200 day MA in the last month. If we hold these levels again and start our reversal, I expect the whale bears will be returning to the market just in time to kick off Q1 2022 and a nice 3 month bull run. What side are you on? Bull or bear? #SeekingConfluence #BullWhale #BearWhale #WhaleWhales
COINBASE:BTCUSDLong
by Shadowfigure
BTC Bull Case - 200 day MA as the major supportMy BTC Bull Hypothesis. - BTC breached the 200 day MA briefly, and rallied a proper 5 wave impulse. However, the attention to detail is important as we have 2 clear impulse patterns to count here. - A closer look will show the fib extension targets of 2.618 on the most recent move up, and the larger wave 1 shown with the Elliot wave drawn. - The lower 2.618 extension marks the top of a wave 3 of the impulse. - The higher 2.618 coincides with the gap that has yet to be retested up to 53k. The current corrective move (wave 4) must hold above the following for the hypothesis to remain valid: - 200 day MA (most important) - $48356.70 (top of the wave 1) - $48004 (0.618 retracement of the 3rd wave Conclusion: Most likely path for BTC is to hold the 48350 level, rally to 53k area, then do a proper correction of that whole move from $45557 to $53kish area. Following this correction, we should see a massive 3rd wave rally back to the high 50ks. #SeekingConfluence
BITFINEX:BTCUSDLong
by Shadowfigure
2
The Nasdaq-100 is the most overextended it's been in a whileI am looking at the distance of the Nasdaq-100 from its 200-day moving average. I am looking as far back as 2015. What we see here is something slightly historic... it's the most extended it's been from its 200-day moving average in a long time. I examined the chart and the last time the distance from its 200-day MA was above 30 for a long period of time was the 1999 DotCom Bubble. That's not to say there's anything wrong. Because it's true - an overextended market can always become more overextended. Trying to call a top is nearly impossible. It's better to be aware and manage your situation independently with the data before you. So a few notes to keep in mind: 1. For the market to reach it's DotCom bubble extension, or distance from 200-day MA, it would need to rise another 50% or so. 2. Tech still remains very strong and is far different from what it was in 2000. Companies are real, big, and operate around the world. The largest holdings in the QQQ ETF are Amazon, Apple, and more. Large cash piles and products that weave society together. 3. However, as someone who follows markets closely, I am actually not quick to buy or sell anything at these levels. The risk-reward is slightly unbalanced. Now, the March crash does skew the 200-day MA data, but still worth watching this. Special shout out to @ AlexWe1992 for creating this indicator. It's really cool. Select the moving average, customize the colors of the bars, and then get to work. It's open source and free to use here:
NASDAQ:QQQ
by scheplick
14
BTCUSD: Worst Case Bear Flag Extrapolation & BTFD ScenarioBear flag on 4hr time-frame, vs bullish support on longer-term time-frames. This extrapolation would be a breakdown of the bear flag targeting around $7.4K and again testing the previous maro bull flag resistance turned support trend-line, before continuing the bullish rally to $11.5K. The 4hr RSI remains oversold while struggling to leave these conditions, indicating room to fall lower. Long-term time-frames say DYOR and BTFD. VPVR Part 2: Volume Point of Control Now Turned Support VPVR Part 1: Volume Profile Accumulation Zone $5,910 - $8,630 Network Hash Gives 10th Buy Signal In 9 Years Extrapolating 2014 Correction - Could $6,500 Be The Low?
COINBASE:BTCUSD
by dragononcrypto
BTC.D: Don't Underestimate the TD Sequential 9 & 50 Week MAAs can be seen on the Daily chart using the TI Indicator, we are currently at the 50 Week MA on a Sequential 9. While the long-term 200 Week MA is sloping downwards (has a bearish posture), the 50 Week MA is rising (has a bullish posture). It's also clear from previous TD 9's, whether buy or sell signals, have been very reliable in calling short-term tops and bottoms. The RSI is also considerably oversold. I'm still bearish on Bitcoin dominance long-term, but remaining neutral as dominance is likely to find short-term support from current levels. It'd be reasonable to believe that dominance will retest the bear flag breakdown level, VPVR resistance as well as 21 Day MA around 66%, or even as high as the 200 Day MA at 69% that is now started to slope downwards confirming long-term bearish pressure. TI Indicator: tonevays.com Altcoin Dominance Eyeing Up A Breakout to 40% (January 2020) Cyrpto Market About To Bullcross: 50 & 100 Week MA (January 2020) Altcoin Speculation Coming Soon... (October 2019) Altcoin Dominance Bouncing From 0.382 Fib Retracement (September 2019)
CRYPTOCAP:BTC.D
by dragononcrypto
BTC1!: Bitcoin Futures Confirms 100 & 200 Day Bear CrossWhile remaining neutral-bearish on the BTCUSD charts, BTC1! is looking like a shorting opportunity. There is notably an increase in buying volume over the past week, however the largest volume day was when price was rejected by both the 100 & 200 Day MA simultaneously. Needless to say, the bear channel resistance is lined up with this MA bear-cross. With the market now closed for the weekend, I'd anticipate some sideways trading while anticipating confirmation of rejection from the bear-cross, ideally between February 5th-11th before breaking down to mid $5K area. Note, chart posting around the $8K price mark, notably after the close of futures trading at $8,125. This TA is a follow up from the fractal that didn't occur as expected (time-wise) but did reach it's intended target around $8,500 (price), with the expected outcome remains downside to similar levels : February 5th-11th 2020 - The Next Swing Low: Network Hash Gives 10th Buy Signal In 9 Years: Extrapolating 2014 Correction - Could $6,500 Be The Low? Two & Four Year MA's Claim It's Time To Accumulate:
CME:BTC1!Short
by dragononcrypto
BTCUSD: Same Fakeout As Same FractalThis fractal extrapolation comes from the September to November 2019 consildation, fake-out, pump and subsequent dump, not so long ago. The fakeout nature of the low is reminiscent of the October 25th pump to $8,800 from the fake-out to the low $7,300 area. Not only do we see the mid-term $7,800 support turn into resistance, but also how the 100 & 200 Day MAs acted as strong resistance to this upwards move. Similarly, the bounces came after the period of oversold conditions (highlighted in red), followed by finding "algorithmic" support from 30 (in green). Therefore, the target for the (not proportionate) fractal to the upside is $7,650 and to the downside $5,800 support. The key levels to watch are therefore the same as before: 200 Day MA: $9,350 (flat, neutral) 100 Day MA: $8,300 - $8,050 (declining, bearish) 50 Day MA: $9,795 - $7,800 (declining, bearish) Related TA: Could This Descending Triangle Be The Final Fake Out? Zooming Into The Weekly Chart Doesn't Look Good Extrapolating 2014 Correction - Could $6,500 Be The Low? Two & Four Year MA's Claim It's Time To Accumulate
BNC:BLX
by dragononcrypto
BTCUSD: Descending Triangle On 4hr Chart To Look Out For?VPVR (Visible Range) shows median traded price at $9180 level with the support level of the descending triangle at $9020. Note this is also the 200 Day MA level, therefore this is not a short call. The measured move of -8.5% calculates the price target of $8250, which is another VPVR level of median price from the recent volume history from the breakdown of the Weekly descending triangle . Nonetheless, a 4hr close below $9020 would be bearish with a Daily close below the 200 Day MA required to confirm bearish bias. The descending triangle pattern will enter the breakout zone after 75% completion on November 5th 20:00 GMT.
BITSTAMP:BTCUSD
by dragononcrypto
BTCUSD: Extrapolating the 50 & 200 Day MA bear crossesPart 10: It's time to talk about the bear cross that was confirmed yesterday, the 50 Day MA crossing the 200 Day MA. 3 out of 4 of Bitcoin's bear crosses have been bearish long-term indicating a further 50% drop in price (2012, 2014 and 2018). In the shorter-term, Bitcoin also twice rallied by 50% in two of these occasions (2014 and 2015) before continuing higher or falling back down. Only 1 out of 4 of these cases it came at the end of the bear market, in 2015. Here are the current statistics and visual representation of the bear crosses: 2012, 2014, 2015 and 2018. Extrapolating these bear crosses to the current bear cross suggests the following: 75% probability of reaching the descending triangle breakdown target of $6,410 75% probability of dropping a further 50% before the block halving 50% probability of rallying further to $12,000 by the end of October 50% probability of double bottom at $3,200, specifically in July 2020 25% probability of breaking above $9,410 and never coming back down. If Bitcoin Repeats History? Part 1: Descending Triangle Looking Similar To 2018 Part 2: Measuring The Move of the Descending Triangle Breakdown Part 3: A repeat of 2014? Worst Case Scenario A $2,500 Low Part 4: If Bitcoin Repeats History? Extrapolating 2012 Breakdown Part 5: If 2017 Descending Triangle Repeats? Best Case Scenario Part 6: If Bitcoin Repeats History? Monthly TD Sequential Red 1 Part 7: Another Bearish Indicator: 200 EMA & MA Bearcross Part 8: Bitcoin's Full Moon Reversal 6 Month Pattern Part 9: TD Sequential 9 Next Week To Decide Direction?
BITSTAMP:BTCUSDShort
by dragononcrypto
2
Another Bearish Bitcoin Indicator: 200 EMA & MA BearcrossA quick look at the projected 200 EMA & MA bear-cross on the Daily chart. From the March 16th 2018 bearcross at $8,273, the bullcross didn't occur until over a year later on April 4th 2019 at $4,911 after a 40% correction. The current gain in price since this 2019 bullcross has been 60%. Unless the price moves above $8500 within the coming days, the EMA & MA bear-cross is due to occur by the end of the week. Many traders complain that due to Bitcoin's volatility the MA bull & bear crosses on longer timeframes are delayed indicators, while others prefer to utilize the EMA's (Exponential Moving Averages) for this reason. Here you see the value of trading the 200 EMA & MA bull & bear crosses. Note that following the 2018 bearcross the price first increased by 20% to the 200 Day MA, before signaling the longer-term downtrend. If Bitcoin Repeats History? Part 1: Descending Triangle Looking Similar To 2018 Part 2: Measuring The Move of the Descending Triangle Breakdown Part 3: A repeat of 2014? Worst Case Scenario A $2,500 Low Part 4: If Bitcoin Repeats History? Extrapolating 2012 Breakdown Part 5: If 2017 Descending Triangle Repeats? Best Case Scenario Part 6: If Bitcoin Repeats History? Monthly TD Sequential Red 1
BNC:BLXShort
by dragononcrypto
$TEAM Is A Swing Trade After Holding Key Support $TEAM held the key support level of $120 during yesterday's $WDAY selloff. The 200-day moving average of $120.32 held as the low for the day was $120.41 a share. We expect a strong bounce over the next few days as a swing trade. Atlassian Corporation Plc, through its subsidiaries, designs, develops, licenses, and maintains various software products worldwide. It provides project tracking, content creation and sharing, and service management products. The company’s products include JIRA, a workflow management system that enables teams to plan, organize, track, and manage their work and projects; Confluence, a content collaboration platform that is used to create, share, organize, and discuss projects; and Trello, a collaboration and organization product, which captures and adds structure to fluid fast-forming work for teams. Its products also comprise Bitbucket, a code management and collaboration product for teams using distributed version control systems; and Jira Service Desk, a service desk product for creating and managing service experiences for various service team providers, including IT, legal, and HR teams. In addition, the company offers Opsgenie, an incident management tool that enables IT teams to plan for and respond to service disruptions; Jira Align that enables enterprise organizations build and manage a master plan that maps strategic projects to the various work streams required to deliver them; and other tools comprising Atlassian Access, Bamboo, Crowd, Crucible, Fisheye, Jira Portfolio, Sourcetree, and Statuspage. Atlassian Corporation Plc was founded in 2002 and is headquartered in Sydney, Australia. As always, trade with caution and use protective stops. Good luck to all!
NASDAQ:TEAMLong
by OptionsGains
BTCUSD: Stuck In A Symmetrical Triangle Ready To Break On 1 HrFor over a day and a half Bitcoin has formed a symmetrical triangle against the dollar, while being stuck between the 200 Day MA and the 200 Day EMA . The symmetrical triangle is 52 bars (2d4h) long with 75% completion working out as 39 bars (1d15h) - the current hourly candle. Notably the 200 Day MA is no longer in the triangle, so a retest would therefore breach the triangle pattern. I'm therefore now looking for a small move 6%+ in either direction, likely retesting the breakout levels (or the end of the symmetrical triangle) before continuing to move in the same direction a little further. The breakout target to the upside if the pattern is broken as expected would be $9099 (to descending triangle resistance), while to the downside $7807, breaching local support and heading close to the 100 Week MA at $7850, where the price would likely stabilize temorarily in my opinion (<$8k). Note symmetrical triangles are considered neither bullish nor bearish but continuation patterns. In this case, a continuation of bearish momentum, despite bullish divergence on the RSI as well as a positive CMF and MACD. Price stuck Between 200 Day MA & EMA (25/09): Descending Triangle Quick Short To Support (23/09): Measuring The Move of the Descending Triangle Breakdown (15/09) A repeat of 2014? Worst Case Scenario A $2,500 Low (15/09): If Bitcoin Repeats History? Extrapolating 2012 Breakdown
COINBASE:BTCUSD
by dragononcrypto
3