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Longtermanalysis

AUDCAD Investment Plan - 30/Dec/2022Hello Traders, Hope you all are doing good!! I expect AUDCAD to go Down after finishing the current correction in LTF. Look for your SELL setups. Considering the fact that there are also traders looking for ideas wrt investment purpose, I will be posting my view on few assets for Long term trades. Please follow me and like if you agree or this idea helps you out in your trading plan. Disclaimer: This is just an idea. Please do your own analysis before opening a position. Always use SL & proper risk management. Market can evolve anytime, hence, always do your analysis and learn trade management before following any idea
Short
by For3xScalper
4
Silver Investment Plan - 20/Dec/2022Hello Traders, Hope you all are doing good!! I expect SILVER to go Down after finishing the current wave. Look for your SELL setups. Considering the fact that there are also traders looking for ideas wrt investment purpose, I will be posting my view on few assets for Long term trades. Please follow me and like if you agree or this idea helps you out in your trading plan. Disclaimer: This is just an idea. Please do your own analysis before opening a position. Always use SL & proper risk management. Market can evolve anytime, hence, always do your analysis and learn trade management before following any idea
FX_IDC:XAGUSDShort
by For3xScalper
1
#AUDCAD potential long term selling opportunitytake a look at where price currently is sitting on and the long term resistive cluster around price... price at the moment is testing a bearish weekly channel resistance line and also at weekly high which means if the downtrend in weekly scale wants to resume price cannot close above this high. although that price can whipsaw above it but it can't close above it. for taking a position depends on the kind of a trader you are say risk averse or risk seeking you may enter now or wait for a more and clear confirmation in lower timeframe. and perhaps waiting to see a shift in market structure or chart pattern formations. Also we can see a bearish divergence between price and RSI indicator in Daily time frame.
Short
by mohemati
Identifying significant bottoms in Bitcoin Bear CyclesHey all! I've been looking at long term charts for quite a while, trying to find some pattern to help me identify and find the dreaded "price bottom" everyone longs for. Here's a model/pattern I've found out in the chart, which eerily seems to be accurate across past cycles, and we just yet might be finishing it off as well this time. There are several predicates I have to put before the analysis: This is NOT financial advice and should be used for entertainment purpose only! I'm using two-week candles to have as little noise as possible while having more data points than when using Monthly candles. RSI - Major level for RSI is 50; when RSI is above 50, I consider we are in bull-market and going up. Basically every time we went above 50 and held it as support, we never looked below 50 before reaching the cycle price top. - Another major indicator is the Moving Average on RSI. As per usual, if MA is going up, the price goes up and until the direction switches, prices will go up. Breaking the MA as support and holding it as resistance starts the new bear market and prices dropping. - Since this analysis focuses on the "bottom", I'm going to talk mainly about what happens after RSI breaks the MA and it reaches level 50 from above. StochRSI - as per definition, major levels are level 20 and 80. - All major price points I'll talk about happen below level 20. PMAR & PMARP - I'm using PMARP - major level is between ~25-30; We tend to touch or go below this level in bear markets - The Moving Average (SMA) is very important and I'll be using it in my analysis as well. As you can see, there are 9 orange vertical lines, I call them simply "#point 1-9". These are actually describing the "same" event in different times across the Bitcoin history. I will completely omit any price charting, the price is only pinpointing my analysis, however be sure to notice, the orange #points are showing INDICATOR significant levels, NOT price levels (even though they go hand-in-hand). The story must be explained on each of the three indicators, for each of the three-points I'm using. So let's start! #point 1, 4, 7 RSI - RSI went below MA (yellow line), and reached the ~50 level for the first time since quite a while. - On this occasion, the level 50 holds as SUPPORT StochRSI - First visit of <20 lows since hitting highs of >80 - Usually goes even below 5, or as low as 0 on this occasion. PMARP - First time reaching level ~26-30 since breaking the MA (white line) On this occasion, we are hitting first major lows on all indicators (and price of course as well). However, every time, there is a small bounce, but this bounce is short-lasting, invevitably heading for next points. #point 2, 5, 8 RSI - First time RSI does not hold 50 as support and breaks below this level. It will likely retest this level as resistance but fail to hold it as support for any prolong period of time. StochRSI - Another point being <20, most likely hitting <5 again. PMARP - Hitting level ~26-30 again or going first time BELOW it. After our first set, we had a brief rally, only to get crushed even more below our support levels on all three indicators. Price can be the same or lower than on previous point, but we know there is #point 3/6/9 coming up, as this is not the bottom just yet... #point 3, 6, 9 RSI - Hits absolute bottom, it will NOT go below this level until the next bear market. StochRSI - Again (or still) hitting levels <20, most likely <5 even. Looks like any momentum is completely dead. PMARP - Hitting new lower-low, this value will not be visited again before reaching next bear market. - #point 9 is an outlier - other points were rejected from MA after previous point AND before reaching this low, not the case for #point 9; However, what we DID have, was a rejection from MA on PMARP before #point 8 printed, which could count as well. This last point in each cycle is very special, as there are many similarities and some differences between each points. The most important aspect is, that at these points, the indicators were at their absolute bottoms, and very similar story followed for #points 3/6, we are yet to see if they will happen for #point 9 as well. So what happens next? RSI - In my eyes, the bull-market is over whenever RSI goes below 50. And on the contrary, the bear market is over when RSI goes above 50 and decisively holds it as support. - When last point prints, the RSI must retake firstly the MA (which tends to be lower than 50), and next it must go above 50. Once it does, the bull market is officially on. - You can notice interesting "similar" timeframes for following: - Going below MA (yellow line), and going above 50 level took 45 bars (Jan 2014 - Oct 2015), and 35 bars (Dec 2017 - Apr 2019). If we take 45 bars on our current cycle, we are looking at Mar 2021 - Dec 2022 if you take first break of MA (the same as previous points) - After going above level 50 (and holding it as support), it took 57 bars before we decisively broke the MA in 2017/18 bull-market, and 51 bars in 2019-2021 bull market. Since we are not above level 50 right now, it's hard to say when the next RSI break might be, but if we use our previous estimate of 45 bars from MA break to 50 level break, and use "average" of 51 and 57 bars, we are pointing for RSI breaking the MA from above again in Jan 2025; but this is pure speculation right now. StochRSI - Important level when coming from <20 is of course the level 20, and 40 as well. Once both levels are held as support (and possibly retested more times), the bull market might just be allowed to start, - For #point 3/6, the first time we "touched" level 20 on StochRSI after these points printed, we never went below level 20 again until the next bear market. - NOTE: Reaching 80 the first time does NOT have to mean the bull market is starting - this has to be connected with the RSI being above 50 as well - then you can be "sure" it won't go down again until next bear market. PMARP - Similarly to RSI, PMARP has two objectives - retake MA (white line), hold it as support and then go above level ~26-30 and hold that as support. - There are also similar timeframes for notable objectives done by PMARP: - Breaking the MA (white line) from ABOVE, to break it again from BELOW took 28 and 29 bars. If it were to take 29 bars this time "again", it points to Dec 2022 (same as RSI using 45 bars, see above) - the last point is a bit of an outlier, since PMARP went above it's MA briefly during Oct 2021, so I consider the "last" break from ABOVE in this timeframe. - Time between #point 3 and 6, when PMARP last touched the MA, to next time it did the same after given point was reached, took 100 bars. If we use this same timeframe, we are looking to break the MA on PMARP from BELOW in Dec 2022 (again the same date!) To summarize: - All things considered, I think we've already found our "three bottoms" as we did have in previous bear markets as well. This does NOT mean price cannot go lower (cascading liquidations for example), but I'd argue that the INDICATOR bottoms are IN! - Using similar timeframes, it might seem we could break the indicator major resistance around Dec 2022. This does not mean the price will be higher then than it is now! - Again, I'm not saying price bottom has been reached. - Critique and comments are welcome. I'm newb TA-junkie, this is not professional work and it's the first Idea I've written. - This is not financial advice, DYOR.
BITSTAMP:BTCUSDLong
by donach
(W) Chrt Anlyss/Current Opportunity & Longterm View with 4$rule(W) Chrt Anlyss/Current Opportunity & Longterm View with 4$rule for New Comer's. Aug 3rd week Price Rejection at 1808 from weekly low of 1681, where Bullish run was from 1681 to 1808 = 127$ Opportunity arise after bullish rejection with Bearish Trend For :- 1st Tp at 1729 2nd Tp at 1711 3rd Tp at 1690 With Hedge point at 1752 ( Strong Major Support is maintained from 20April2020 to till date 19th Aug2022 .. Tp can continue but, its not recommended ) if Major support is broken then SELL entry will be taken from 1658 and Tp will be 1635, 1602 with ext 1589. And if the price bounce back from Major Support area.. then BUY side will be strong from 1721 to 1762 resistance if these resistances break it will be the first sign of Bullish continuation for 1812,1821 ext 1855 and Key level figures till 2063 which is expected. Take note that My 1lot Hedge is at 1801 and it release will be mentioned ( As per my mood ) on the TV Gold forum Chat 😃😃😃 Till then stay tuned. Good Luck These Analysis is done Based on Trends, Wave, Technical Fundamental & Beyond Technical analysis.
OANDA:XAUUSD
by zararshahid
13
Do it like GreeceStudy the greek economy & politics from the period 1990-2012 and you might find a lot of similarities with that is currently happening in the US. Greece experienced a credit boom from 1990-2008, people however were living above their means. We faced the biggest bubble in Greece's economic history during the 1999 when everybody was playing the stock market! and i mean everybody! i remember my father telling me that the biggest sign he saw that the bubble was about to pop was when his mother in law (late 99) came and told him that she wanted to play the stock market as well! When he asked her why she replied: because the other granny across the street is making money... That was the sing! who the hell was left to buy???? Then the bubble popped together with the .com bubble but people were not selling in the contrary in 2003 they start borrowing and selling their houses,farms whatever they had and played all in! because in their mind and in the media that was the bottom! The ultimate buy the dip!!!then we had the golden age of modern Greece! Various outstanding sports events wins! like the Euro 2004, beating the US Basketball Team, and the cherry on top hosting the Olympic Games of 2004, oh boy euphoria was back in the game and this time for good! We were borrowing more and more money to live a life we could not support! our debt got bigger and bigger but when the 08 housing market popped it was time for us to pay our debts! You know what happened next! check the graph here (www.capital.gr) but only till 2012 because then we had to recapitalize our banks 4 times so the graph is not representative of the whole market. From a political perspective the 2 biggest political parties left and right had to form a government together in order go through this tough period. Our debt was restructured and taxation went sky high! especially for the middle class who paid the majority of the bill! How are things now? well we sold almost all our assets to foreign investors/countries for peanuts! we got used after 10 years to a -50% income and prices are something like 100%-200% higher than 2000...
SP:SPXShort
by UnknownUnicorn274312
EURGBP 18/11Looking to short EG from 0.84750 4H timeframe confluences: *Intra-day bullish momentum has been broken with a strong push to the downside. *0.84750 key level has been broken; however, the market has not yet retested this level for further downside. *As there has been a shift in momentum, I am favouring short positions only. *A pullback to 0.84750 to enter a short position in order to catch the next impulse move to the downside. Trade = invalid if market closes above the 0.84750 level
Short
by YajnaR
GOLD - Simple Trend Line AnalysisThis monthly gold chart demonstrates the beauty of using simple trend line for accurate technical analysis in long term chart, as the old sayings go "Simple is the best, Less is more." Gold is at the critical junction at the moment. It looks like it will have a breakout of the bullish flag formation ( the descending broadening wedge), or it will fail here and drop back to the nearest uptrend line. While monthly MACD indicates more consolidation that means gold could drop from here, a bullish monthly candle closed above the broadening wedge could possibly confirm the breakout otherwise. What do you think about gold's next move based on this chart ?
FX_IDC:XAUUSD
by GOLDTREND-NET
2
Bitcoin: Alt Alt Pi Cycle Top Based On Diminishing ReturnsUnlike my previous Alternative Pi Cycle Top, I coded the multiplier (the # after close) to be multiplied by pi. Once I added a Pi Multiplier to the same moving averages as previous, I realized it then moved so that the 79 day MA (pi*25) x pi corresponded to the 2014 double peak, and following a 2x to the length of the moving average each market cycle gives you a historically accurate local top sell target. If you're looking at this, I encourage you to view my previously posted model. This is a slight alteration that seems to make it more accurate. This is pure speculation, and not to be trusted.
BITSTAMP:BTCUSDLong
by mcbridei
NQ Power Range Report with FIB Ext - 10/1/2021 SessionContract - CME_MINI:NQZ2021 - PR High: 14712.75 - PR Low: 14687.00 Evening Stats - Gap: = N/A - Session Open ATR: 220.88 - Volume: 57k - Open Int: 225k - Trend Grade: Neutral - From ATH: -7.0% (Rounded) Key Levels (Rounded - Think of these as a range) - Long: 15819 - Mid: 15247 - Short: 14676 Keep in mind this is not speculation or a prediction. Only a report of the Power Range with Fib extensions for target hunting. Do your DD! You determine your risk tolerance. You are fully capable of making your own decisions.
CME_MINI:NQZ2021
by mv3trader5
BUY OPPORTUNITY GLD is a fund that reflects the price of gold . It has a direct correlation with the underlying. When the price of gold increases, that of the fund increases, while when the price of gold decreases, the price of the fund decreases. It is a highly protective asset that helps diversify portfolio risk. It has a long-term bullish statistical bias and is particularly tempting to place in a portfolio. By statistically analyzing the history of gold prices (1970 - today) we can consider ourselves in a position of extreme advantage at this time. Analyzing the past crises from 1974 (from the point of maximum to their minimum) to date, 6 major crashes are found for the gold market. The smallest reversal was 35% at the end of 1987, while the largest decrease in value was recorded starting from 1980, losing more than 70%, with an average drawndown of -47.5%. The ratio of drawdown to recovery period is around 1.5. Means that on average gold takes around 1.5 times the time it takes to recover value compared to the time it takes to lose it. Analyzing the declines that did not affect the trend reversal, we can see that in over 50 years of history, the declines that did not lead to trend reversals have had decreases in value that have never exceeded 30%. The price of gold has lost only about - 17% from its maximums, so for the moment we are well above the average level of historical reversal (-30%). Although the quantitative analysis in the past has an indicator of a probable trend reversal of the instrument in the future, the decrease in price from the maximums does not confirm the same direction (the price did not exceed -30% from the maximum reached in 2020), considering the situation extra ordinary (and still uncertain) for the world economy and the probability of new lockdowns, finding ourselves on a discount level of approximately -17% of the asset, I will proceed accordingly. Insertion of the asset class in the core department, finding the discount level interesting. Given past trends and the present period, gold will be positively affected in the event of continued uncertainty in the future economy. If the price should fall below the -30% level from the 2020 highs, we will proceed to close the position on the asset. Going up now considering the discount on prices brings us to an advantageous situation as it allows us to decrease the risk of our operation. If we assume that we are close to a minimum level and that the long-term is characterized by a strong upward statistical bias, combined with the fact that the global economic situation is still far from an official recovery and that the Fed will have to wait a little longer before raising rates, positioning on $GLD is an excellent medium / long term opportunity for part of the core structure of my portfolio. Let's analyze the data: - Standard Deviation 10Y = 0.99% - Standard Deviation 5Y = 0.85% - Standard Deviation 3Y = 0.90% The riskiness of the product decreased by about 10% from 2010 to today. - 5Y yield = + 5.54% - 3Y yield = + 12% - YTD yield = - 1% 3Y Expected Return: + 30% Max loss (with hedging): 5.60% Max portfolio loss (in the event that the outcome of this core transaction does not go according to estimates): % of equity to be dedicated to this operation: 10% of the total portfolio + 5% for any hedging = 15% of the total portfolio Risk - Return = 1: 5.35 Over time, three different situations can arise: A) Closing the long trade at a loss and closing the hedging in profit, then: - Potential loss% on the portfolio: - 0.57% B) Closing of the hedging at a loss and profit of the long operation, then: - Potential gain% on the portfolio: + 2.37% C) There is no need for the hedging strategy and the instrument meets expectations, then: - Potential gain% on the portfolio: + 3% Remember that this is my market vision and should not be interpreted in any way as an investment advice!
AMEX:GLDLong
by UnknownUnicorn25541012
XAUUSD Long Term Analysis (Weekly/Monthly Timeframe)If you like this idea, like it and follow me for more. Colour key: Blue = Monthly, Pink = Weekly As you can see, I've drawn out some supply and demand (S&D) zones from the monthly timeframe, as well as key support and resistance (S&R) levels from the weekly timeframe. I've also drawn a wedge trendline pattern from the weekly. My long-term bias for gold is quite neutral, because i don't think we'll have a good idea of what direction it might go in until it breaks this wedge pattern either to the upside, or to the downside (represented by the arrows). However, for now, i think price may breakout of the trendline slightly to reach the monthly demand/buy zone, from which we will see price go up for a while. Then i see it moving up and down within the wedge until a breakthrough. I may post a short-term analysis later to show a more precise entry. Updates to follow, follow me for more.
FX:XAUUSD
by darbova
Gold Expected to Catch Bids Gold has just pushed down into our 1750 target area from the earlier post. Now we do expect to see some accumulation at this area before a mark up higher to our longterm projections. Wait and see how the accumulation phase plays out before trying to get in long, especially after the strong sell off we just experienced. - Price pushed back into our 1700 - 1800 zone where we expected to see some buying pressure after a nice mark down. - Flag pattern with 3 tops and 3 bottoms, expect this to break to the upside if we get a bounce off the this bottom support area. - Trend RSI has retraced back into the 50% area, wait to see if it begins to turn back up indicating trend is still in the green and upside will prevail.
OANDA:XAUUSD
by TheCaffeinatedTrader
1
Is it time for Value Stocks? Lumen Technologies case studyIn a market where most stock valuations have skyrocketed to Mars, Lumen Technologies is one of the bright exceptions, being perhaps one of the safest investments available, for the investor to sleep soundly at night. LUMN has great fundamentals and is a much underestimated VALUE STOCK, ready to change the declining trend of many years to rising. In an article he wrote a year ago, Jeff Storey, CEO of Lumen Technologies (rebranded CenturyLink), stated: ‘During the last century, telephone companies pioneered early networks by standing up poles and stringing phone wires across the nation. Today, the new pioneers are tech companies like CenturyLink who are standing up networks and stretching fiber across the globe—and in the process, making exciting technologies like 5G possible’. Lumen Technologies is an international facilities-based communications company engaged primarily in providing a broad array of integrated services to business and residential customers in over 60 countries. Lumen’s enterprise technology platform enables companies to capitalize on emerging applications and power the 4th Industrial Revolution (4IR). Lumen Technologies states that ‘Lumen is the fastest, most secure platform for next-gen business applications and data, integrating global network infrastructure, cloud connectivity, edge computing, connected security, voice, collaboration and enterprise-class services into a seamless experience’. Lumen is ranked No. 29 on Washington Technology's 2020 Top 100 list of federal government IT contractors. From a fundamental analysis point of view, LUMN with capitalization 12.54B (11.43 $/share), P/E 9.57, P/S 0.58, P/B 0.91, EV/EBITDA 5.27, Div. Yield 8.85%, Intrinsic Value 16 $, Buffetts Limit 18$, can be considered as a cheap stock. The only negative element is Debt to equity ratio which is 2.41. From a technical analysis point of view, LUMN’s monthly diagram shows that the stock is possibly in the process of trend changing. The three preceding years, while the stock reaching its bottom the volume rose to historical levels, which means that shares changed hands from retail to smart money. Also notice the break-up of the RSI declining trend line and the divergences that appeared. Next follows LUMN’s daily diagram. Notice that stock’s price is over 200d, 30d and 9d SMAs. Additionally, notice the consolidation and resistance zones and that the RSI is in high overbought zone, so the correction of prices or a short period of consolidation is possible. Next follows LUMN’s 30 minutes diagram. Notice that stock’s price is over 200(30m), 30(30m) and 9(30m) SMAs. Also notice the up trending channel and that prices are in the middle of the channel and the Bollinger Bands, while MACD and RSI are declining, indicating a possible pullback or more likely a consolidation in these levels, until reaching the channel’s lower trend line. Conclusively, I think no investor should ignore LUMN, because it is very likely to be A SUCCESS TURN TREND STORY that may give big gains in 2021 (and next years) with MINIMUM INVESTMENT RISK. Of course the stock is suitable not only for long term investors, but also for short and mid term traders as well. Finally, I encourage you not to lean on my analysis but to make your own research for the company before investing in LUMN.
NYSE:LUMNLong
by Gnothisafton
5
2020 trend : Halving, Trendlines and Logarithmic scale.Hello fellas, before we start over with this new chart work of bitcoin analysis, I would like to say Happy New Year of 2020 I hope we can be a better in every aspects of this coming year and if we do make a failure back at 2019, I would like to apologize for it too. So, let's get back to the point and because today is a very special day which we are approaching the beginning of 2020, I would like to share about my analysis for 2020, about every possibilities that may or may not occur in the market. First of all, I want to use the BITSTAMP chart because it provides more complete historical data comparing to the bitfinex. And I use the logarithmic scale to respond to skewness to large value of current bitcoin's price and to look at the multiplication factors. we can see from this method of scale, 2 important trend lines has occured. The first trend line is the white trend line, this is the trend line that has been formed since August 2012 when it acted as a resistance trend line at that time before it became the supporting trend line on August 2015. The second trend line is a support trend line that has been formed since July 2013 which I draw it with the yellow trend line. Beside all of this trend line, I try to look for the confluence zone that may have a strong probability to become the next support zone for bitcoin. From my perspective, I find 2 important zone for bitcoin's potential support in the future if THE PRICE BREAKS DOWN OF THE WHITE TREND LINE. The first zone is the $3300 region which will become the strongest support in this set up because it has an alignment with the yellow support trend line and the second support will be around $1000 region which became the top of resistance back at November 2013. and between this 2 support zone, I see a potential shadow support around the $1800 region to be a good place of consolidation. I'm fully aware of the next bitcoin halving will occur in 2020 which at previous events, the price always surged to the upside and make a huge rally to the upside. But, it's now totally different. bitcoin and cryptocurrency are in different era as of now because we see at current condition the derivatives trading is becoming an important role of current market conditions. This time might be different and this time I will bet that we might see a new floor between $3000 - $1000 region which will shock the entire crypto universe. Happy new year!
BITSTAMP:BTCUSDShort
by julio24albert
Where Will The Bitcoin Bottom Be !?Welcome everybody, I hope you guys find something here you can use long term in your own trading. This is my long term BTC chart. It is pretty simple, I just want to sit and relax and wait for the bottom to be hit and formed. Then the fun part starts scoping cheap bitcoin and alt-coins for some fun 10-20x increases long term. Alt-coins follow btc most of the time unless they are extremely hyped for some reason in the short term. Remember, historically the later years bitcoin have been moving sideways for months after hitting the bottom. ( there may have been exceptions but I'm thinking the 2018 bear market primary - recent times ) So I assume that will be the case again. And nothing really points to it won't be like that this time. Some serious whales are needed to push the price up in 2019 compared to in like 2015. Not 1 whale...I dont believe such foolish idea.. I think a group/group think - of whales is needed to start pumping the price for the reversal to happen. And they will first do that when their bags are full of cheap btc/alt-coins. That is why we saw btc go sideways for months at the bottom at 3000-3500 ish usd. The whales are buying up slowly but surely every day. BTC Whale = Really rich person. Let's say 100 to 500 millions usd in their trading account. Those who can move the market and are professional traders by trade. They crush/out-class the retail amateur investor/trader. It is like playing football vs professional football players...it is not even fun hahaha. The chart pretty much explains itself. When we hit a green zone, we just sit and count the months. When we see a breakout over EMA 100 or 200 it is most likely time to buy in/last chance to buy in if you want maximum profits with minimum risk. = most possible profits long term. This was all for today. Have a nice day, Christmas and New Years Eve from here :)
BITSTAMP:BTCUSDLong
by Confucius-The-Great
4
BTCUSD Ichimoku + EMA Ribbon! (MASSIVE)Don't miss out on this longer term analysis, which includes the Bitcoin Halving Events in 2012, 2016, and the upcoming 2020 (vertical lines in green). This is a combination of 2 main indicators: EMA Ribbon - We observe longer line in green (indicating sustained uptrend) vs red (indicating sustained downtrend). historically, the red portions are relatively short. In the last halving period (2012-2016) this bearish period lasted for approximately 13 months. In this period (2016-2020), it last for approximately 12 months. This is relatively accurate thus far, with a Bullish Ribbon Crossovers occurring right before testing the Senkou Span. Ichimoku - The Kumo Twist is the most indicative for projecting future price trends (28 time periods to be specific). We observe that the leading span seems to be printing a green cloud formation. As long as price action remains above this cloud, we can be sure that an uptrend is maintained. It remains to be seen if the price can break above the cloud. Do keep in mind 2 things: Firstly, price will always seek to return to its median. And in this case, we see that the price of BTC has extended a fair distance from the EMA Ribbon, hence the recent pullback, seeking to 'hug' the longer term EMA line (or the green line in this case). On this basis, the lowest support without failing the EMA would be approximately $6000. Secondly, be mindful that this is a longer term analysis, and should not be used for short term or intraday trading decisions. Hold on to your coins lads, for we may be in for a ride soon. LASTLY, the bullish period to bearish period ratio is about 3:1, so you may want to hold on to those hot potatoes instead of panic selling. :):)
BITSTAMP:BTCUSDLong
by gingerbre4d
2