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Moving Average Convergence / Divergence (MACD)

Case of The MOOOONDAYS: Bitcoin (BTC)Happy(or not?) Moooonday everyone! Hope your weekend went well! Unfortunately Bitcoin's hangover is not responding to fluids, aspirin, or even greasy food like mine did. Guess all the traders in Philly sold before they went to flip cars and climb light poles. No disrespect to Philly though, its my hometown(go Eagles yipeee!!) and it was a great game... But I digress. Onto the analysis. Observing the 4 hour chart, the price clearly took a major hit last night, dropping from ~9200 to a low of 7200. RSI is still angled downwards, with no sign of positive divergence... Even if there was, I wouldn't be taking it too seriously (see my Zcash analysis for a case of positive divergence which didn't hold up: ). The point is, positive divergence needs some other evidence if its going to be proved valid. Just like anything else in technical analysis, there is no ONE indicator good at everything. For the MACD, the short term average already crossed below the long. It doesn't look like it's looking to come back for a while either. Closest support is 6950s (Green dashed line) with closest significant resistance at 9470s (Red dashed line). There are a bunch of tiny supports and resistances in-between, but both of these levels have been tested many times before(even back in November on the 1 day charts). Overall, I expect that BTC could bounce back close to the yellow star(8200s), but do not be fooled. As we have seen, BTC has had many failed breakouts which have cost buyers thousands of dollars. Check my past post if you want to see an example of a very recent failed BTC breakout (). Fool me once Bitcoin, shame on you.... Shame me twice well, then ill stick with Ramen and save my money in a long term savings account with .00001% interest. After the failed breakout, I expect BTC to settle around its support at 6950s. Hope your Monday goes well! ^_^ -Doc
Short
by DontWatchDoc
XRP Nose DivingAll indications are that XRP is heading for a major nosedive, after yesterdays rumours of Coinbase listing XRP during routine maintenance didn't come true we saw massive sell volume and XRP dropped from around 11100 sats to this mornings low of below 10200 sats. We keep seeing oversold indicators but then very little buy volume, 70 and 100 ema are well and truly above where current levels. We just broke through the support that had be previously tested 4 times and it powered straight through it, if trend continues, we are looking at moving to previous levels before December 2017.
Short
by TroyByrne
1
Trading Signal for Ripple (XRPUSDT) formed by SMA100 and 1.300000 resistance level. DMI supports upward movement. We can place pending orders for buy above the local swing high. If the price breaks this level, we'll get an additional signal confirming the upward movement. Entry level is 1.290000 with stop orders at 1.208000 level. Profit targets are 1.460000 and 1.650000 resistance levels. The part of trade volume can be left for long run. Cryptocurrency Exchange: Bittrex Buy: 1.290000 // Stop-Loss: 1.208000 // Take-Profit: 1.460000 / 1.650000
by MartinDeBoer
BTCUSD - Bitcoin likes to dump and run. RSI - MACD bearishBitcoin is nearing a critical point. One of the key elements of this TA is to view the chart on a Logarithmic Scale not Linear. If you right click in the right hand scale and select log scale it will toggle the scale type. The yellow trend line(TL) is taken from a weekly chart. Price has remained faithful to this trend line but many traders still may be looking at price from a different perspective (linear scale) which may explain why price is sluggish and going sideways now. Notice patterns in the past where bitcoin price makes a more violent drop in price and quickly rebounds into a new impulse wave. I don't know if we will get that type of play at this intersection; although RSI and MACD are still showing bearish signals. RSI has yet to cross the "oversold" territory (below 30) and MACD has yet to post a crossover reversal signal. If you are trading these signals you're still waiting for a capitulation in the market and a classic Bitcoin dump and run. At any rate make sure to pay mind to the mid-term counter TL and the long term TL. -Jared
COINBASE:BTCUSDShort
by ActiveCrypto
Qwark vs BTC (mid&long term opportunity invesment 569% profits)I would like to share a quick analysis with you about Qwark (QWARK) against Bitcoin 2.29% ( BTC 2.29% ): We will be looking here mainly at the daily chart . Here is what you can notice at first glance from the chart: We can clearly see after QWARK broke out the falling wedge and reached ATL at price 0.00000845 started to pull back to our buy zone which is the green area . - Indicators: MACD , STOCH , ADX & DMI MACD : showing negative value which was caused by recent selling off after BTC correction .. eventually with any move it will support the bullish run . STOCH : is at the over sold Area .. with more volume this should back to higher values .. ADX & DMI : ADX showing strong move , +DMI showing strong buying inside the consolidation zone .. *** Instructions Buy-in: 0.00002100– 0.00002510 Stop-loss: 0.00001360 Targets : 1- 0.00003500 2- 0.00006016 3- 0.00007613 4- 0.00009210 5- 0.00011100 6- 0.00014380 (OLD ATH) AKA "All Time High" FINAL NOTE : - This coin for mid and long Term investment specially with current Team project of issuing Crypto Credit Cards . - Use the targets as reference points to sell when you want to take profits. Not all targets are meant to be reached. 100-300% is more than enough profit, and, consider starting to selling small amounts of your coins as soon as you are 30-50% above your own buy-in price. Just some quick suggestions. - Qwark reached previous ATH at 17th of August 2017 .
QLong
by sac1987
BTCUSD - Parabolic Move and What Comes NextWe can see that the wick touched the 0.786 retracement level which is in confluence of 20 period moving average. But then the candle went back up again and is sitting pretty above fibonacci retracement level 0.618. If it closes below the 0.618 level, see you in 8k. If we close the weekly candle like this, parabolic is still intact and we can easily see 25k in the next few weeks. Apparently, the recent dip was caused by the BTC Futures contracts expiring that's why there has been a sell off. BUT What I'm really worried about is the MACD. It's so steep and it's on the verge of diverging into bearish territory. At this point, traders must be cautious and set tight stop loss. RSI must not go below support which is 54, otherwise, parabolic ends and that's where doomsday begins. Good luck!
BITMEX:BTCUSD.P
by thebumtrader
Possible swing trade opportunity with SIA Coin.SIA Coin showing promising up trend momentum. If SIA can close above the 23.6 fib and maintain promising upward momentum I would consider entering the trade around 230 Satoshis. First target to sell 50% of investment @347 Satoshis. Second target to sell 25% of investment @ 443 Satoshis. Third and final target sell 25% of investment @540 Satoshis. I would set a stop limit @ 181 Satoshis if trend turns into further downward trend. Overall RSI and MACD are showing positive upward moment as well as holding above 50,100, and 200 day SMA. Could be a great swing trade in my opinion!
by ColtenjWeaver
GNC meets my best setup, downtrend, RSI and MACD converge1) Structure- Price at all-time low. 2) Trend- TTF downtrend, LTF downtrend. 3) Strength & Weakness- TTF strong selling, LTF weak selling. 4) Future Trend Setup- Bullish up to 4.63 RSS. 5) Indicators- TTF: i) RSI- 32 Converge sideway. ii) KC- Lower Channel down. iii) 20EMA- Down, Price lower. iv) MACD Lines- Parallel down, <0. v) Histogram- Converge up, <0. 6) VSA- Volume) More volu interest on up vs down. Spread) Wide spread on up bar, narrow on down bar. Price) Closed high on up bar, mid on down bar. News) Slumped, time bomb. Condition: 1. If price gaps up high at pre-market or market open, I will cancel the orders and wait for a gap up pullback on 1min/5min timeframe with good R:R ratio to get in again. 2. If my entry is triggered with weakness or potential trapped, I will watch the move for the next 30min and get out of the trade if strong selling occurs. Hold the S1 position if weak selling follows through. 3. If no sign of strength and weakness on both sides, my order will remain. 4. If further weak selling is coming, I will find a better LWP for entry. 5. If strong selling follows, orders will be cancelled and reassessment is needed.
GLong
by happy04t
HMNY mets my best setup.1) Structure- Price at SPP. 2) Trend- TTF downtrend, LTF downtrend. 3) Strength & Weakness- TTF weak selling, LTF strong buying & weak selling. 4) Future Trend Setup- Bullish up to 9.64 RSS. 5) Indicators- TTF: i) RSI- 40 Converge sideway. ii) KC- Lower Channel down. iii) 20EMA- Down, Price lower. iv) MACD Lines- Parallel down, above 0. v) Histogram- Converge up, below 0. 6) VSA- Volume) More volu interest on upside than down. Spread) Wide spread on up bar, narrow on down bar. Price) Closed high on up bar, low on down bar. News) 1 million Moviepass subscribers. Condition: 1. If price gaps up high at pre-market or market open, I will cancel the orders and wait for a gap up pullback on 1min/5min timeframe with good R:R ratio to get in again. 2. If my entry is triggered with weakness or potential trapped, I will watch the move for the next 30min and get out of the trade if strong selling occurs. Hold the S1 position if weak selling follows through. 3. If no sign of strength and weakness on both sides, my order will remain. 4. If further weak selling is coming, I will find a better LWP for entry. 5. If strong selling follows, orders will be cancelled and reassessment is needed.
HLong
by happy04t
SDRL # Price marked up from previous low breakdown failure(less volume are interested to the breakdown). # Mark up is supported by volume spike showing interest. # RSI higher high. MACD lines up below 0, histogram converge. # News: Restructuring plan. Condition: 1. If price gaps up high at pre-market or market open, I will cancel the orders and wait for a gap up pullback on 1min/5min timeframe with good R:R ratio to get in again. 2. If my entry is triggered with weakness or potential trapped, I will watch the move for the next 30min and get out of the trade if strong selling occurs. Hold the S1 position if weak selling follows through. 3. If no sign of strength and weakness on both sides, my order will remain. 4. If further weak selling is coming, I will find a better LWP for entry. 5. If strong selling follows, orders will be cancelled and reassessment is needed.
NYSE:SDRLLong
by happy04t
BTCUSD - End of Correction? Bull Trap? Opportunity!Is this the end of the correction or is this a bull trap? We don't know yet. Nevertheless, it's worth a shot. Bitcoin is showing new strength by breaking 15000$ resistance level with highly increased volume. This is also the bullish confirmation of a symmetric triangle pattern. Depending on future movement this could be a short-term trade or the opportunity to build a long-term trade. Because of this I entered at 15000 with 10% of the maximum amount I'm willing to bet on Bitcoin in the long run. I only consider opening trades that show a risk:reward ratio higher than 2:1. Time to do some math: Target: 19000$ Entered at: 15000$ Stop: 13299$ Risk:Reward Ratio: 2.35:1 Good Luck. Disclaimer: I'm a relatively unexperienced trader, so don't consider this investment advice. I'm mostly here on tradingview to improve my trading skills. So don't hesitate to give some feedback.
BITFINEX:BTCUSDLong
by HFBN