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BTCUSD - Sideways Today. Price Technical Analysis #55The analysis is based on signals from 28 technical indicators, out of which 17 are moving averages and remaining 11 are oscillators. These indicator values are calculated using 4 hr candles. This is #55 of BTCUSD daily technical analysis, provided by Mudrex. ---------------------------------------------------------------------------------------- Market in last 24 hrs - Yesterday was a crazy day with Crude oil trading at 0.01 USD/barrel - BTC saw a steep fall to $6,750. After the recovery of Crude oil price, BTC started recovering too - Price at time of publishing: $6,840 - BTC’s market cap: $126 Billion Today’s Trend analysis Price should consolidate today . Oscillators are mostly neutral but compared to yesterday, some have shifted to sell side. CCI is in over-sold zone and RSI is at 40. MACD is indicating a sell opportunity. Overall, down-trending momentum isn’t strong yet. Another interesting point to notice is the correlation between US stock markets (S&P500, etc) and BTC price, which is at currently trending at its all time high. - Consolidation/Sideways today - ‘Oscillator‘ indicators are mostly neutral. RSI is at 40 mark - ‘Moving average‘ indicators indicating selling opportunity DM to get details of the above analysis and list of indicator & their values used to arrive at the above conclusion. If you find the analysis useful, please like & subscribe and share our ideas & charts with the community! Note: Above analysis would hold true if we do not encounter sudden jump in trade volume.
COINBASE:BTCUSD
by Mudrex
9
S&P 500 technical analysis: Key info for Swing Traders Conclusion for today’s S&P 500 forecast: Price closing below the 1 hour bullish trendline that is confirmed by momentum provides a sell signal. SP:SPX trend analysis for today is examined today on an intraday timeframe (1 hour) with coverage of price action over the past 4 months. Two (2) major formations on the 1 hour timeframe to pay attention are the 1 hour timeframe bullish trendline and overhead resistance (supply zone) for the SPX 500. The former highlights the build up of bullish momentum from December 26, 2018 to current date, while the latter (i.e. between 2818.85 and 280.36) indicates price region that must be overcome for the current bullish price swing to continue towards the previous price high of 2939.86. In other words, price action closing above 2818.85 (upper boundary of resistance) does increase the chance of continuation of higher prices in the SPX 500. A close below the bullish trendline is bearish with 2349.33 offered as the minimum price target for the SPX 500.
SP:SPXShort
by Coin_Analyst
Magnet mode overview for Mainframe! MFT/BTCWe are going to look at Mainframe for a middle - long term: MFT/BTC hit the bottom line and a reversal trend a reversal trend is about to happen We are now in the accumulation zone The big volume gave as another strong signal for a trend reversal The risk reward ratio is awesome: Trade: MFT/BTC Buy: 88-93 Targets: 1. 140 2. 160 3. 184 Stop loss: below all time low 70 If you want to frame something, then you should frame Mainframe! Disclaimer : My ideas are never financial/invest advice! For a favorable outcome, make your own research! Don't forget it's all about patience and positive thinking! Feel free to share your thoughts on the comment section below. If you like my idea, push that like!
MLong
by trade-crypto4ever
Technical Analysis?I have a straight question to you, and would love to hear your answer in comment section. What is technical analysis? Can you define it? Most people think that I am technical trader, but I am not. I have nothing to do with technicals as I don't use them, so what is the definition? I will write what I think about it, and it is only my subjective opinion. You can write your's too. There is no definition. Anyone can make up anything and call it technical analysis. The field now seem to encompass everything from drawing trend lines to astrology. Technical analysis started out with quite simple concepts, which are not all that dumb. In the early days, it was about looking for directional trends in prices and divergences between related market indexes. Experience told traders that when prices start moving in one direction, they are more likely to continue than to reverse. Technical analysis was just a way to visualize this concept. Divergences was mostly about comparing the Dow Jones Industrial with the Dow Jones Transport, the two most important indexes at the time, and draw conclusions from potential differences. Adding things like simple oversold/overbought indicators is still in the realm of sanity. Again, experience had taught traders that extreme short term moves are often followed by a sudden pullback. Emotions run wild as the price takes off, propelling the price further until a short term correction sets in when the buyers are already in and there’s no one left to push the price higher. Common sense things where technical analysis was used as a tool to visualize abstract phenomena. Then the problems set it. The visual nature of technical analysis lends itself to get-rich-quick stories. After all, there’s no need for all that hard work, right? Why waste time learning tough things and gaining real life experience when all you have to do is look at a chart and draw some lines? It was only a matter of time before this field was completely taken over by snake oil salesmen. To be fair, some of them are probably just delusional and not outright immoral. There are no rules for what technical analysis is. So it became everything. In particular, everything that is easily sold. The more colorful naming and background story, the easier the sell. At first we had the indicator explosion. An easy way to get famous in the field is to create an indicator. Especially if you manage to get that indicator included in standard technical analysis software packages. So everyone and his grandmother started making indicators in hopes of fame. It’s a comfortable illusion, that all you need is to find the right indicators and you’ll be rich in no time at all. Just get those parameters right. Then we have the field of exotic names. Doji, three little soldiers, spinning dragons, crouching tigers, ichimoko, harami, spanking monkeys, and tons of more colorful names. Well, I might have made some of them up, but if others are allowed to make up random exotic names, why can’t I? Beware of anything that sounds ‘cool’. Most likely it has no other use than to sell products that won’t help you. Do I say all Tech is crap? No, I wouldn’t go that far. There are actually plenty of professionals using concepts originating from technical analysis. Usually they don’t use the term though, for reasons made clear above. It has a very poor reputation. Trend following, the main strategy of the 300 billion dollar CTA industry, has its roots in technical analysis. A large part of quantitative, systematic trading is based on ideas from that came out of that field. Peace. TPP
FX:XAUUSD
by TheZabisyu
9