XRP/BTC Pair Back testing the 200 Day SMA Following Golden CrossEven with all the blood in crypto markets currently, most major alts look healthy against the BTC pair.
Altcoin dominance is still steadily climbing, and the secondary trend of the crypto market seems to be showing us alts are still the play.
Last time XRP had a golden cross that held support in 2017, we saw XRP follow up with 2600% returns on the BTC pair.
This time around, if we can achieve a similar satoshi price we could see another 1200% gain in XRP against BTC.
It will be crucial for XRP to hold the 200 Day as support, so the next few days will be important to watch.
The only outliers we have of this not playing out is XRP breakout in December of 2020 followed by the bearish SEC news, and the failed golden cross in September of 2016.
Other than that, history might not be repeating identically, but it definitely rhymes!
Stay tuned!
- CA$HLESS
Goldencross
Boeing Stock Eyes Conflicting Technical Hints, What to Prevail?Boeing stock continues to be pressured by well-defined falling resistance from 2019, maintaining the dominant downside focus .
Bullish crossover ( Golden Cross ) between the 2 0-day and 50-day moving averages seems to be around the corner, offering near-term upward bias.
Further gains to place focus on March 2021 highs.
A turn lower has the May low eyed, but a potential rising trendline from 2020 low could maintain the medium-term upside focus.
NYSE:BA
Bitcoin Death and Golden Cross on the Daily Time FrameIn a recent publish on my chart regarding the Death Cross. This is the same chart just zoomed out so you can see at which point in the $BTC #Bitcoin history did the Golden and Death Cross occur and what was the actual result. Now this is a chart and charts don't lie. Plain and simple facts. You will also see the number of fake outs that occurred and immediately what the price of $BTC #Bitcoin did after. There is also a concern that if $BTC #Bitcoin carries on it's sideways movement the Death Cross will be killed but unfortunately this is not the case. In order for the Death Cross to be invalidated is for the price of $BTC #Bitcoin to go up and keep going up and not to go up and retrace to the same price levels again and again just like we are seeing now in the price of $BTC #Bitcoin
Golden Crosses in Wireless Tower StocksWireless-tower stocks have been in long-term uptrends as mobile devices and usage proliferate. American Tower is the largest of the three, followed by Crown Castle International and SBA Communications .
AMT has moved sideways for the last year. It hit an all-time high shortly before the coronavirus crash, quickly rebounded and then drifted sideways. Prices declined once bond yields started rising in September. (Not a surprise because AMT is a REIT.)
The stock had a sharp rebound in March and April, followed by consolidation this month. The most important chart pattern is the 50-day simple moving average (SMA) rising above the 200-day SMA. That’s a “Golden Cross,” a signal that longer-term momentum has turned bullish.
Also notice the $244 area. It was support last June and August, resistance in October and November and now is offering support again.
It’s also noteworthy that CCI already had its golden cross in April and has now broken out to new highs. For SBAC, the signal is on the verge of taking place.
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Crown Castle daily chart:
SBA Communications daily chart:
BTCUSD - Outlook UpdateLast analysis before the Saturday close it was our anticipation that Bitcoin would trade higher to make an Elliott Wave: d. However upon further analysis we see that Bitcoin had already completed the W:d on May 20th at about 9:00 EST on the 4 Hour Chart. Bitcoin is proving itself to be a very rapid moving financial asset and a more careful analysis approach should be taken to project the movement of this asset class.
Current Bitcoin Analysis
As stated yesterday on the Daily Chart, because price had already closed below the 200 DSMA on May 19th, retested the 200 DSMA on May 20th and 21st and failed to close back above the 200 DSMA we should anticipate more downside price action. Yesterday, May 22nd price closed @37996.10 and gapped open today May 23rd @37404.40 and continued its downtrend.
Current Weekly Bias = Bearish / 4 Hour Chart View
Should Bitcoin remain below the Sunday Close @33035.15, this week it is anticipated the price should continue toward the Elliott Wave: e 161.8 ER / 61.8 APP Confluence between 22238.70 / 20948.50 to complete this current Bear Cycle. I have included Time Price Projection at 200% of May 24th +/- 2 Days. May 2021 Bitcoin Futures expire 28th of May and should probably bring more volatility as positions move into the next month June 2021 contract. (CME - Bitcoin Futures Calendar/Settlements). www.cmegroup.com Friday May 21st Settlement @35230.00 / Weekly Change -4235.
COT May 18, 2021 - Both Non-Commercials and Commercials holding Net Short positions.
Non-Commercials - Net Short
Non-Commercial Longs 46%
Non-Commercial Shorts 54%
Commercials Net Short
Commercial Longs 49%
Commercial Shorts 51%
Open Interest - Increase
May 11, 2021 8259
May 18, 2021 9160
** This should not be considered trading advice. Feel free to compare my analysis to your own research.
BTCUSD - Short Term Bullish 2021.05.23Bitcoin appears to have matured over the last 10 years.
Price appears to have completed a head and shoulders pattern on the daily chart with a measured move touching a low at the 161.8% Fibonacci level @30706.40 for an abc Elliott Wave Correction.
Also price has traded below and retested the 200 daily moving average before heading lower. There also appears to be a Golden Cross in the making which could signal further downside. (50 SMA crossing over the 100 SMA)
Primary Scenario - Should Bitcoin daily close and stay above 37097.45 it is anticipated that we should see price target an Elliot Wave D @41276.50 or higher @44910.45 before trading lower.
Alternate Scenario - Should Bitcoin close and retest the 37097.45 and close below, then it is anticipated that we should see price continue lower towards the liquidity area @27817.90.
**This is my personal analysis only and not trading advice.
Close above 200 MA, possible golden crossKL - One of the top five gold miners in the world. Closed above the 200 MA few days ago and has formed a bullish flag. Also, possible golden cross soon (50 ma crosses above 200 ma). I like KL, NEM, GOLD as money flows out from crypto and back into inflation hedges. Cheers
APD repeating yearly pattern, golden cross into bull run??Hi. In this 1D chart I've plotted out the price increase of 2019 and 2020, marked their golden crosses in the first halves of the year and placed the resistance line from 2020 that the current golden cross could indicate will result in the price breaking through and rising past it during this year.
Keep in mind that the fundamentals of APD are also very good.
Thank you. Please if you have any thoughts or comments do leave them below and I would gladly discuss or adjust my interpretations and methods.
This does not constitute financial advice.
Any prices, even if explicitly stated, are presented with intent to discuss the symbol and potential interpretations.
Any trades shown or mentioned are examples and neither recommendations or mandates.
OMGBTC Golden Cross EMA50/EMA200Bullish on OMGUSDT, this is just another positive suggestion that enforces this feeling. Personally HODling, not incrementing my position.
Not finantial advice.
BNB-USDBNB Chart looking good and bullish.
We have a golden cross which indicates the bullish uptrend coming.
A bounce off the .50 Fibonacci about a month ago showing the increase.
The support level of the previous jump is holding! Looking very good!
I'm predicting a new ATH of $710.00, $725.00, or possibly $750.00.
All in all BNB has come out of nowhere and is increasing in popularity as well as growth rapidly!!!
I don't see it slowing down anytime soon.
HODL this coin and in a year...I'd say its in the thousands easily.
GOOD NEWS BABYYYYY!!!!
Bitcoin: The GoldencrossBitcoin is moving sideways for some time now and also forming a triangle. It is close to get a crossover with the 50D 4h MA and 200D 4h MA . If the crossover happens then the bullish golden cross pattern has been formed and a big price increase will take place, you can look back to previous golden crosses on the chart.
But this doesn't mean we can't get a drop in price, on 1sep 2020 the bitcoin price dropped before crossing over so still anything can happen before we get a crossover.
Chainlink Golden Cross?!!Chainlink continues to perform great against BTC and recently broke through heavy resistance at the 0.3 FIB Level, we are currently underneath this level in a little bit of a cooloff and looking soon to go on another run! What I am most bullish on is the potential Golden Cross of the 50 day MA(Green) and the 200 day (Red), this would be extremely bullish and would be a very good sign of a huge takeoff in price! We are also seeing money starting to flow back into Link after a brief cooldown still a good bit away from the 0.00 point. Overall very bullish on Link one of my favourite projects with a very promising future, Not financial advice just my opinion!
Golden Cross for Bitcoin! (+21%)On April 24th we had a death cross for Bitcoin and it was something I mentioned in my updates. Back then we were bears starting from 64K hunting for the lowest BTC price and a point for a re-entry that was found in the 46-49K area. Currently we are fully back in bull mode and there's something big about to happen for BTC...
As mentioned earlier in my last BTC update; we are in a channel thats leads us all the way to 67K! Check my last update linked below where I was looking for a bounce at the top of the green support channel; and we found just that! Now, we are back into the bull channel and we have the magical golden cross looming on the 4hr; the 1 and 2 hr already crossed! It it just a matter of time before we have a golden cross on the 4hr and it will happen in the next 12 hours so just 3 candles away on this chart!
I had a little look on what gains we can expect after a golden cross on BTC and I found that we always have huge pumps to the upside after the cross; even during bear markets! So this means that BTC could go parabolic from here BUT (!) for now; this is not the case yet... So I revisited previous crosses and found the weakest golden cross was 21% from golden cross to the nex death cross; meaning I did not include the peak in between. This would mean that if you buy on the golden cross and sell on the next death cross we could expect the price to be around 20% higher than now. So I took this most bearish target of +21% and it aligns with the 67K I projected as the end of my bull channel from my last analysis. However, I think there's a decent chance we can hit 70K this month but let's take things step by step. First lets make this golden cross happen and see where we end up...
Note: don't expect BTC to pump straight away after the cross; it can take a few days before the real impulse starts; however in my opinion; we are in the midst of the impulse to a new ATH already!
IMPORTANT: this is not financial advice, trade or invest based on your own risk and research.
Bullflag 6 hour FET/BTC #FET #FetchAI $FETHere we see our FET 6 hour chart . And it's in a clear uptrend . We've stayed above 1000 sats since hitting that 700 area few weeks ago .I said at the time I thought that pullback to 700 area was the completion of our Handle from that Bullish Cup and Handle pattern,and I still think so ( target of that was 2890 which I still think will happen but first we must retake the 1550 area and break above it . ) You see that purple arrow on the chart ? That points at what appears to be a Bull Flag on the 6 hour timeframe . In between those pink lines. It's a bullish pattern that happens after an uptrend and says we should be seeing more uptrend soon .Also notice we are about to have a Golden Cross on our 50 MA (light blue line ) and our 200 MA ( drk blue line .) That light blue line going up and through the dark blue line is a Golden Cross and it is also Bullish . So to sum up we have 2 bullish patterns happening on this chart and I definitely expect upside though I can't say when , but it seems it will happen soon. I'll link my previous FET charts below but we should see a break towards the 1550 area again sometime soon .
$CPSS: Low-Float NASDAQ Listed "Golden Cross" Breakout Alert🌟🌟Traditionally, when you needed a mortgage, a loan, or a credit card, you went to a brick-and-mortar bank branch. The consumer financing industry has changed that. Consumer finance companies allow customers to bypass traditional banks and connect with loans and credit cards tailored to their needs.
What Is Consumer Finance?
A consumer finance company is a non-bank company that provides financial products to individuals. Some examples of consumer finance products include:
Mortgages
Automobile loans
Student loans
Personal loans
Credit cards
Payday loans and other alternative credit products
The industry isn’t just limited to companies that originate loans or issue credit cards. Payment processing companies, loan servicers, credit reporting agencies, third-party platforms that connect customers with lenders, and fintech companies could all fall under the consumer finance umbrella.
Consumer finance has evolved in recent years. No longer are companies simply competing for your business when you apply for a loan or credit card. Increasingly, consumer finance companies are seeking to get you to use their day-to-day money management tools such as budgeting apps and credit-monitoring services. They get access to even more data about you. Later on, when you are shopping for financing, they’ll use that information to target offers to you.
Like banking and fintech stocks, consumer finance stocks tend to be cyclical. In general, they perform well when spending is strong. But some unusual patterns have emerged during the COVID-19 recession. For example, mortgage and auto lending remained strong.
If you want to invest in consumer finance stocks, we've found the perfect opportunity for you!
Please turn your immediate attention to
About Consumer Portfolio Services, Inc.
Consumer Portfolio Services, Inc. is an independent specialty finance company that provides indirect automobile financing to individuals with past credit problems, low incomes or limited credit histories. We purchase retail installment sales contracts primarily from franchised automobile dealerships secured by late model used vehicles and, to a lesser extent, new vehicles. We fund these contract purchases on a long-term basis through the securitization markets and service the loans over their entire contract terms.
institutional money going into TAPNot only is TAP extremely attractive fundamentally, now the technicals and external catalysts are there. Morningstar just named it one of their top stock picks of the year because of its selection by some of their most respected managers.
Morningstar is a non-bias third-party research firm that most advisors use to help keep track of their models, clients' investments, stock valuations, and fund evaluations. They are, IMO, the most reliable source for financial information that is truly material.
TAP is trading at an EV to EBITDA level of 7.8874; under 10 is considered to be that of a company that is running extremely well financially. They have been launching Seltzer products to compete with SAM's Truly. Their Coors seltzer even has an ESG side to it where every case you buy, a certain amount goes to saving rivers.
All in all, do not miss this move. Its FAIR VALUE estimate is $60. In my experience, stocks surpass what is thought to be their legitimate value based on their books/financials. That's easily a 24% return. Keep in mind that VIAC's FAIR VALUE estimate was $57, look at it now. Long story short, price targets are different than fair value estimates; price targets are where you think the stock is going, fair value estimates are where the stock should be priced based on its current financials/books.
My price target for TAP is $75, which would be a 55% return.