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50weekma

Bear Flag on the weekly?Hello Friends! It looks like a bear flag is forming on the weekly. Last time BTC moved up to $69K it was trading above the 50 week. Now it’s below the 50 week and looks like a flag is forming between the 50 and the 100 week. Break below the 100 week can push it down to $20-25K (200 week). As always thanks for your follows, likes, and comments. Let’s learn and grow together. Cheers! *This information and publication is not meant to be, and do not constitute, financial, investment, trading, or other types of advice. Do your own research.
Short
by MoneyFishing
Hold The Line! The BTC upcoming weekly close..Bitcoin currently right at the 50Week Moving Avg. Historically when under the 50Week MA, Bitcoin is in a Bear Market (other than Black Swan event, Covid in March 2020) or downtrend. When above the 50 Week MA, it's an indication that Bitcoin is in a Bull Market or uptrend. BTC previously back tested the 50Week MA in July @ $31,800 which lead to a bounce up to the new ATH of $69,000. Currently the 50Week MA sits at $47,700. At the time of writing BTC sits @ $46,845. So the question is can Bitcoin hold the line? This weeks close will be a battle!
INDEX:BTCUSDLong
by MDT3
(ETHEUR) Ethereum Fractals: €905 or €188?ETH has broken away from it's 2017 fractal structure, now suggesting a return to the norm of the VPVR point of control around €188 ($221) may be in play. Expect the 150 MA at €274 ($322) to be defended if price falls lower, as well as the old resistance level of the 2-year long resistance trend-line, followed by volume and long-term moving average support within the €181-204 support level ($213-240). Either way, a 67% retracement from recent higher highs wouldn't be out of the question, as it would still confirm a bullish long-term structure of macro higher highs and higer lows over a 20 month long period. Neither would a 3x from the current level of the 0.618 fib retracement to the 2.618 fib projection. If price breaks down from the neutral zone, it's also likely that it won't complete the 2019 winter fractal, instead finding long-term support from the VPVR point of control as well as 50 & 100 Week MAs, that represent median prices from the past 1-2 years approximately. This is no time to be going short imo, only to be eyeing up the dip. October vibes are telling me to be patient before longing any more ether. Bitcoin dominance continues to consolidate at the lows around 60 in a bearish manner, but ETH remains in no mans land. Altcoin Speculation Coming Soon... Altcoin Dominance Eyeing Up A Breakout to 40%
by dragononcrypto
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
BTCUSD: Zooming Into The Weekly Chart Doesn't Look GoodUsing the 2100 & 4200 MAs on the 4hr chart (like a weirdo) gives us the 50 & 100 Week MAs on a zoomed in time-frame. Although we already had the bullcross on these Weekly MAs, on a 4hr chart ("in real-time"), we are now seeing the bullish crossover with the price sat underneath it. This follows two weeks of rejection fom the median of the bear channel, continued failure to maintain support above the 0.382 fib retracement (of the $3,100 to $13,850 move), as well as arguably initial rejection from the bull-cross itself that "IRT" occured yesterday. With the volume dropping off and another descending triangle being established , this is enough reason to be bearish right now. Related TA: Could This Descending Triangle Be The Final Fake Out? Measuring The Move of the Descending Triangle Breakdown Descending Triangle On 4hr Chart To Look Out For? Extrapolating 2014 Correction - Could $6,500 Be The Low? Miner Capitulation Or Minor Capitulation? Bitcoin Repeating History: 10 Part TA Series On Repeating Past Patterns Full series with recent updates: bitcointalk.org
BITSTAMP:BTCUSDShort
by dragononcrypto
$BTC >> Examining the bearish scenario $6.8k target levelHi everyone, Welcome to another update on Bitcoin where today we examine the bearish scenario. The bearish scenario I am seeing has a $6,800 level target, with the following confluences: 1- Target of weekly bear flag 2- 78.6% fib retrace from ATH to bearmarket low 3- 50 Weekly Moving average 4- Historical (2 year) S/R line with significant VPVR Best way to trade this is to wait for a breakdown from the bear flag formation. The 50 Week moving average is a VERY key level - Bitcoin must NOT break it. Retesting it with a sharp strong bounce/bull rally makes a lot of sense though given the technicals of this scenario. I would give this bearish scenario a 40-45% probability. I remain bullish overall unless the Weekly EMA ribbon is broken or the bear flag is broken to the downside. Cheers, Leb Crypto
OKCOIN:BTCUSD
by Leb_Crypto
BTCUSD: Decision Time & Key Levels To WatchCurrently remaining neutral while expecting a big enough move in either direction to either retest the triangle resistance around $9,000, or continue moving downwards towards the bear channel support around $7,500, likely followed by a bear flag breakdown to $6,500. Bitcoin notably got rejected by the 200 Day MA on yesterdays closing candle with current support llined up at the 100 Week MA around $7,750, followed by the 50 Week MA at around $6,750. 4hr RSI with bullish divergence in tact but enough room to move down to $7500 with ease. MACD losing bullish momentum and still in the negative. CMF is barely positive. Overall, slightly bearish. If Bitcoin Repeats History? Monthly TD Sequential Red 1 (Part 6) Measuring The Move of the Descending Triangle Breakdown (Part 2) BTCUSD: Is Bitcoin Forming A Bear Flag To $6,750?
COINBASE:BTCUSD
by dragononcrypto
BTCUSD: Is Bitcoin Forming A Bear Flag To $6,750? After breaking out of the symmetrical triangle to downwards support , Bitcoin now appears to be forming a bear flag that would target the 50 Week MA around $6,750 if broken to the downside. For all those who thought $6k prices weren't possible again, remember that we have already dropped from $10k to $8k. Price otherwise needs to stay below $8,450-$8,500 to avoid invalidating the bearish pattern. Stuck In A Symmetrical Triangle Ready To Break On 1 Hr: Price stuck Between 200 Day MA & EMA: Measuring The Move of the Descending Triangle Breakdown
COINBASE:BTCUSDShort
by dragononcrypto
BTCUSD | Bump & Run / 50 Week MA / EMA Ribbon BreakoutBtc looks to be having a bump and run pattern playing out. It also just had its first weekly candle close above the EMA ribbon which has signalled the end of the bear market in the last two crashes. On top of both of those, the 50 week MA line could be becoming support. Although there are some very bullish indications, there are also bearish divergences on the RSI and the NVT and stoch RSI seem to indicate a pullback. There is strong evidence to go either way. I think we will carry out the bump and run to test the resistance zone around 6200ish and then pull back without breaking the zone. Hopefully, the RSI and NVT are able to get themselves in position to allow for a break of the zone on the next test to solidify the case that we have actually begun the bull market. I am no financial advisor and don't like to post publicly, but would love to hear some opinions to get a feel of what the sentiment is like in the market. Thoughts?
BITSTAMP:BTCUSD
by K3vinmf44
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