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BTC/USDBTC has 21 MEMA (monthly 21 ema) strong resistence. In 2015 we saw a double bottom after hitting 21 MEMA. In 2019 after short resistence we saw a pump and a year later a double bottom for retest. I keep an eye to inflation, unemployment rate and also dry powder for lower levels and black swans. DCA at lower price level seems to be still a good strategy for accumulation. The bull market is not confirmed according to charts but clearly the markets are not so bearish right now. Of course the price will do whatever it wants and it's hard to predict what will happen exactly.
INDEX:BTCUSD
by cryptoforevery1
ETN Bull run or Bull trap...? (ETNUSD) LONGHello!🌟 Hello! 🌟Hello! 🌟 Greetings fellow explorers, advocates, traders, and Crypto enthusiast 👾 We are broadcasting directly from an undisclosed location in the Alpha Quadrant 🤖 beep beep bop boop 👾 *Before jumping into the content for today, I would like to take a moment to acknowledge everyone who is facing adversity due to global pandemic. Our prayers and best wishes go out to them ❤ If there is anything that I can do please do not hesitate to DM me. We provide our clients with Curated Business Solutions to meet their needs and desires. Together we can achieve more. #GodBless 🚀 Its time to teleport to the WORLD of ELECTRONEUM ! ✨ Alight guys, take a deep inhale, exhale fully and sit back, relax, pop open a cold one and enjoy the show 😀 Trending : Long ✔ The chart above was created on April 22nd. Before posting it, I wanted to wait for a certain breakout. That confirmation happened on April 26. Over the following 4 days you guys can see what happened. Something interesting take place yesterday on this daily chart. The 300 MA popped up! I like using the 300 MA on the daily chart, because, I think it is a significant indicator of a trend reversal. ALRIGHT MOVING OOOON ! I took the pleasure of adding a yellow line to emulate the 300 MA prior to yesterday going back 5 days. We touched it, broke it, and closed above it. Now we sit below it. I am looking for a consistent closure above the 300 MA for the daily chart in order to make the CALL and open a trade. Support : 21 EMA ✔ The 21 EMA provides support on the large time frames like the daily and above. What kind of support? I'm glad you asked. The kind we see when there is a full blown out Bullrun. Now, I am not confirming that we are indeed in a bullrun. I am just stating how it is. Additional Support : 100 MA ✔ A) Keeping the daily 100 MA in mind moving forward. Lets zoom out to the weekly chart. Here, we would see that the 21 EMA is sitting right where I drew the red line acting as support. B) The blue line represent the 21 EMA on the 3 day chart. Again providing additional support on the larger time frames. C) Last but not least, we have a box representing the additional supports (A) (B). At the moment (A) is acting as support on the daily time frame. If we brake down I'm looking for support at (B). Due to BTC halving in a couple of days, I do not believe we will break further pass support (B). But what do I know 😁 nothing is ever guarantee in this space. Final Word 🔥 Proceed with caution over the coming weeks. One thing I will mention is, that about a year ago, I started hearing chatter about ETN decoupling from Bitcoin. That ETN was going to the moon 🚀🌕 All the moon bois got so excited they went out and bought up all the news. As we well know what transpire over the last year it was nothing close to BOOM, BOOMING, or MOONING. For this reason I, myself, move with caution and that why I waited to post this chart. We need confirmations first before diving deep in any situation(this applies to every aspect of our lives). Anyhow, to finish my thought on ETN decoupling from BTC, as you can see in the chart above ETNUSD (as well as other pairs like ETNBTC) was trading somewhat of independent of BTC, but, In March 2020, all that changed. Since then, ETN has being moving right along the same path as BTC. I've always been long on ETN for the most part and will continue to accumulate. Use your own discretion. Where will BTC go? Will ETN follow? or will ETN "decouple?" These and many more question should be answered in our next adventure. So long my follow explorers 👾 🌟 Stay Safe 🌟 Stay Blessed 🌟 Stay Humble (Disclaimer * This is not investment advice. This is purely for entertainment and educational purposes.) Awareness618
by Awareness618
Dow Jones - Up 50% in 21 months-How Long Can this keep going On?Dow Jones Industrials Index: DOWI (End of Day) Short Term and Medium term Outlook At least the markets get the President even if no else seems to. It's quite impressive that people's pensions are worth 50% more than 2 years ago in many cases. How long can it go on? We can see that the Dow is pushing up against the upper limits of the two parallels that have controlled this great impulse wave from the outset. A 50% rise is a natural check- point, as will be 100% when we get there. We can also see that each time it tests the upper parallel it begins to unwind, creating a continuation pattern with a sideways or downward bias that lasts 2 months or so. It's already lost the power of the smallest parallels and has since tracked sideways off the first support at 23237, almost precisely with the actual low some 7 points higher. So in the near to medium term it's likely that the Dow will track down the small parallels shown at the top of the chart, becoming a perfect environment for day-traders that 'get' the pattern here...sell off the upper parallel buy back on lower until one day the the upper parallel is broken to upside (or downside) and follow that break. But it's more likely to zig- zag down within the small parallels to fill the gap at 22995 and then bounce powerfully from there. That's a nice little flag to trade between in the meantime. So at moment it looks like a lazy continuation pattern back to 22393 before a good rally. This pattern will change on any successful breach of either of the small parallels - to upside follow on successul break of upper parallel for another test of the larger parallel above.And if the lower small lower parallel is sucessfully breached on the downside it will seek support off the blue support line at 22995 - just much quicker than if it tracks within the flag. The 22995 level is important to the medium term for the Dow. And we can see that the entire rally between the two blue supports at 22995 and 22393 is, so far, uncontested. It would be easy pickings for the bears should 22995 fail at any point. It would fall quickly 600 points (a fabulous short if we see it at any point, worth setting an alert for) to 22393 at least and quite likely to test the lower large parallel before the next rally could begin in earnest. But until we see a break of those small parallels that form the flag top, this space belongs to day-traders. One other thing, this market is one of the best to trade, making conventional patterns, especially in continuation mode - making it muuch easier to 'read' than, say Nasdaq. Look atthe patterns - they're friendly, familiar. Are Nasdaq's? Find a friend you can trust. That would be the Dow. Long term, for what it's worth, this index should rally at least 4 X from the February 2106 low and quite easily 6 times. America has never had it so good since Ronald Reagan rode into the sunset. Happy thanksgiving to the USA. Long Term Cycle Analysis:
DJ:DJI
by sumastardon
1
Building Permits and FOMC UpdateHello folks. I wanted to tell you that I'm not supposed to trade on Building Permits because it has a weak volatile movement, but I got out with +60,00 profit anyway. For FOMC, if you want my point of view, they won't be raising any rates until December. So I believe we're going to trade nicely tomorrow. You'll be surprised of how I will know whether it will go Long or Short, you're not going to be disappointed. We'll have to wait a little more time though. That was just a small update, folks, stay tuned!
Long
by NewsFilters
1
DAL Long - Consolidating Flag (Bull); Risk:Reward > 10:1The idea here isn't very difficult to understand. DAL has made a run up from $35.51 on August 8th, where we saw a bounce off the 150EMA, a personal favorite area to get long for me, especially looking at the weekly chart for this. Anyways, from the top down: 1) Bullish RSI Holding 60 Support 2) Established Uptrend - Long Term 3) Bounce off 150 EMA 4) Long $4.46 move straight up through all EMA(8/21/50), through resistance, and consolidating above. 5) Broken Downtrend 6)Weekly Uptrend Is Beautiful - Right At EMAs (8/21) (My Screen Is Too Small To Pull Up Both Simultaneously) Cons: 1) MACD Is Positive 2) Momentum Tapering As We Consolidate I like the chart, and like what I see. I'm getting long here. Possibly with a covered call, but maybe something else. Not sure what other plays are available with such low volatility, but the verticals and diagonals are getting old.
NYSE:DALLong
by TheProfitcy