Bitcoin Parabolic Bull Run with the Latest 200-Day MA CrossAfter a brief dip below the $60,000 mark on October 10, Bitcoin (BTC) has regained momentum, inching closer to its all-time high (ATH) of $73,700, reached in March of this year.
This price recovery follows considerable volatility experienced by the largest cryptocurrency on the market throughout the year, with significant price swings, including sharp falls of almost 20% on 5 August and 6 September.
The 200-Day Moving Average (MA)
A key indicator to watch for Bitcoin is the 200-Day Moving Average (MA). This technical analysis tool represents the average closing price of Bitcoin over the past 200 days. When the price of Bitcoin crosses above this long-term moving average, it often signals a bullish trend reversal.
Historical Significance
Interestingly, the last three times Bitcoin's price crossed above the 200-Day MA, it triggered a "parabolic bull run." This refers to a period of rapid and sustained price increases, characterized by a parabolic curve on the price chart.
The first instance occurred in 2016, when Bitcoin's price surged from around $400 to over $20,000 within a year. The second instance took place in 2019, with the price climbing from roughly $3,000 to nearly $14,000 in a similar timeframe. Most recently, in 2021, Bitcoin's price soared from approximately $29,000 to its ATH of $73,700.
Current Outlook
Given the historical significance of the 200-Day MA crossings and the recent price recovery, many analysts are closely watching Bitcoin's price action in anticipation of a potential breakout. If Bitcoin successfully breaks above its ATH, it could signal the start of a new parabolic bull run, potentially leading to even higher price targets.
However, it's important to note that the cryptocurrency market remains highly volatile, and past performance is not indicative of future results. Several factors could impact Bitcoin's price trajectory, including regulatory developments, macroeconomic conditions, and investor sentiment.
Key Considerations
As investors evaluate the potential for a Bitcoin breakout, they should consider the following factors:
• Regulatory Environment: The regulatory landscape for cryptocurrencies varies across different jurisdictions. Favorable regulatory developments can boost investor confidence and drive price appreciation, while unfavorable regulations can create headwinds.
• Macroeconomic Factors: Global economic conditions, such as interest rates, inflation, and geopolitical events, can influence the overall market sentiment and impact the demand for risk assets like Bitcoin.
• Investor Sentiment: The prevailing sentiment among investors towards Bitcoin plays a crucial role in determining its price direction. Positive sentiment can fuel buying pressure, while negative sentiment can lead to selling pressure.
• Technical Analysis: Technical indicators, such as moving averages, relative strength index (RSI), and support and resistance levels, can provide valuable insights into Bitcoin's price trends and potential future movements.
Conclusion
Bitcoin's price action is approaching a critical juncture, with the potential to break above its all-time high. The historical significance of the 200-Day MA crossings and the recent price recovery have fueled speculation about a new parabolic bull run.
However, investors should remain cautious and conduct thorough research before making any investment decisions. The cryptocurrency market is subject to significant volatility, and it's essential to consider the various factors that could impact Bitcoin's price trajectory.
Moving Averages
FTMUSD long using proprietary multi-timeframe trend detectionExecuting this on M5 and M15 time frames as I usually do, taking into account H1 short term trend retest taking place right now.
Entry: 0.7508
SL: 0.7320
TP: 0.8420
Upon clearing 0.79 and invalidating the H1 T candle that formed I'll move the SL a little higher than BE. H4 close above that 0.8 would likely take this to target relatively quickly.
H1 close above 0.7561 would be ideal now:
ETHUSD long using proprietary multi-timeframe trend detectionExecuting this on M5 time frame as I usually do, taking into account H1 and H4 with D1 200D EMA as possible next resistance and TP1.
Entry: 2618.11
SL: 2584.80
TP: 2791.51
Upon clearing 2660 I'll move the SL a little higher than BE. H4 close above that area would likely do the trick to cement a continuation higher.
ETHUSDT.P M5 Execution:
$SPY October 15, 2024AMEX:SPY October 15, 2024
15 Minutes.
Being a moving average and Fib trader it is difficult for me to enter when the difference is around 10$ is 200 averages for a 15-minute time frame.
I prefer to sit for a retracement today for 578.5 to 580 levels. For today.
I prefer to sit on side even though i have a target as written earlier 587 levels.
And AMEX:SPY made a high 585.27 yesterday.
As we can see in daily time frame Between July to September SPY formed a good base between 535 to 565.
Hence once 595 is crossed i expect a huge upside towards 640-680 levels.
I expect some consolidation for 575 - 585 before next move so that the moving averages can catch with price.
No time for short unless it is for a 10 to 15$% range in $SPY.
This is my view as of now based on how AMEX:SPY is currently moving in charts.
On daily basis I will review downside only when AMEX:SPY is around 560 levels which is 50-day average in daily chart.
You're underweight $STXCOINBASE:STXUSD looks primed on the charts to revisit ATHs soon. I think this play is somewhat obvious, since this token/ecosystem is tightly coupled with CRYPTOCAP:BTC itself, and we all know CRYPTOCAP:BTC is likely headed to ATHs soon.
The last time COINBASE:STXUSD broke above the Ichimoku Cloud in a significant way, it carried up very healthily-- around 450%. It was also recently listed on a new exchange, and that just means more buy pressure as risk assets like CRYPTOCAP:TOTAL3 are looking like the bottom for alts is clearly in.
What do you think of this trade set up? I don't think a lot of people have considered it yet, as a hold for the impending bull. Could be a great RR
www.tradingview.com
SOFI LONG: SYMMETRICAL TRAINGLE BREAKOUT! 80% MOVE INBOUND! NASDAQ:SOFI LONG: SYMMETRICAL TRAINGLE BREAKOUT! 80% MOVE INBOUND!
Everything is FINALLY looking on track for NASDAQ:SOFI stock! See analysis below and my Symmetrical Triangle Breakout trade details at the bottom of the post! Not Financial Advice.
STOCHASTIC UPTREND
MACD UPTREND & BREAKOUT OVER ZERO LINE
RSI UPTREND
STOCK PRICE UPTREND
SYMMETRICAL TRIANGLE BREAKOUT
- MEASURED TRIANGLE: 727 BARS
- BREAKOUT MOVE 727 BARS HIGHER
(86.87%) $15.63
- TAKE PROFITS: TOP OF THE TRIANGLE
(39.78%) $11.70
- STOP-LOSS BELOW MA's AND VOLUME SHELF
2.5 RISK TO REWARD (15.89%) $7.04
Bitcoin - Fakeout? MUST WATCH !!A recent surge in the price of BTC is sparking hope for that final impulse wave UP I've been talking about. However, there's a catch - one KEY thing will need to happen in order to convince me this is not just a fakeout, aimed at liquidating shorts.
The previous BTC update was focused on two scenarios, with the GREEN showing a possibility of realizing:
Reclaiming the moving averages in the daily is a good sign - but again, we've been falling under-and-over for the last few weeks, unable to stay above the 200d MA for longer than a few days:
___________________________
BINANCE:BTCUSDT
$UPST - Coiled at the critical juncture
Holding well into the supply and above key level at 38.
Daily range is also quite tight, and for now testing 5EMA on daily.
High short interest makes this a squeeze candidate going into October, with monthly bullish candle.
IF can push off 45, 75 will be first target and volume suggests, higher price is attainable.
Upside targets: 50, 60, 75
Stop loss: 38.0
Disclosure: Long via commons.
SWING TUTORIAL - PODDARMENTIn this tutorial, we analyzes the reversal of NSE:PODDARMENT 's 50% decline, identifying key technical indicators that signaled a buying opportunity. We'll explore how to recognize bullish momentum and optimal entry points using chart analysis.
NSE:PODDARMENT reached its all-time high before experiencing a significant downturn. However, the stock began forming support levels at 250 in June 2023 and repeatedly retested this level until June 2024.
Key Observations:
1. Support Levels: The stock consistently found support at ₹250, indicating a potential reversal.
2. MACD Indicator: The Moving Average Convergence Divergence (MACD) line showed steady upward momentum, signaling increasing bullish pressure.
3. Consolidation: Price action demonstrated a consolidation phase, forming a strong support zone.
4. MACD Crossover: The successful crossover in June 2024 confirmed the bullish trend, creating an entry opportunity.
Trading Strategy and Results:
Based on this analysis, our entry point was established at the MACD crossover. The stock subsequently rose to its swing high levels, yielding approximately 67% returns.
Note: This case study demonstrates the effectiveness of combining technical indicators to identify bullish momentum. By recognizing support levels, MACD movements, and consolidation patterns, traders can pinpoint potential entry points.
Would you like to explore more technical analysis concepts or case studies? Share your feedback and suggestions in the comments section below.
DAX to challenge the all time highs?DE30EUR - 24H EXPIRY
Our short term bias remains positive.
Intraday dips continue to attract buyers and there is no clear indication that this sequence for trading is coming to an end.
Previous resistance at 19300 now becomes support.
We look to buy dips.
Price action continues to trade around the all-time highs.
- We look to Buy at 19305 (stop at 19205)
Our profit targets will be 19555 and 19625
Resistance: 19400 / 19495 / 19600
Support: 19340 / 19300 / 19200
Risk Disclaimer
The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy.
Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
USD/CAD trade setups as Canada's inflation report loomsUSD/CAD sits just below a known level heading into Tuesday’s Canadian inflation report, providing a potential setup for bulls or bears depending on the price action evolves.
1.3792 is the level in question, acting as both support and resistance on multiple occasions earlier this year. Sitting less than 10 pips away, how the price interacts with the level before or after the inflation data should inform you on what setup to choose.
With RSI (14) and MACD providing bullish signals on momentum, the path of least resistance appears higher near-term. If we were to see the price break and hold above 1.3792, longs could be initiated with a stop below for protection. Possible targets include 1.3947 or 1.39777, two levels coinciding with former market peaks.
Alternatively, if the price were to be rejected at the level, you could sell with a stop above for protection. Potential targets include 1.3708, 1.3647 or 200-day moving average.
With nine consecutive bullish daily candles, equalling the run seen in July, it’s safe to assume near-term positioning in stretched in favour of USD longs, suggesting an upside surprise in the inflation report may deliver the greatest market impact. Another bullish candle on Tuesday would make this the longest winning streak since 2017.
Good luck!
DS
BTC Daily Time Frame H&S Price Target ~54,500I see a head and shoulders pattern has formed on the daily and 12 hour time frames with a down side target around 54,500 USD. This is a short term Bearish outlook that I believe could play out over the next 24-48 hours or less. There are potential moves to the upside, but I’m leaning toward this playing out. There are many longs that could be taken out, while the shorts flip providing major upside moves. Not financial advice. DYOR.
Elevating Trend Analysis: Using Multiple Timeframes for Maximum In the fast-paced world of trading, everyone’s looking for that edge—the strategy that gives you a clear view of where the market is heading and helps you make smarter decisions.
Many traders rely on tried-and-true methods like moving average crossovers within the same timeframe, such as the 50-day and 200-day moving averages.
However, there’s a more nuanced technique you can leverage: combining different timeframes but covering the same period to measure market momentum with even greater precision.
Let’s break down why this works so effectively, how you can use this technique, and why integrating it with my F!72 10MA Multi-TimeFrame Indicator will supercharge your trading performance. 🔥
Why Use Different Timeframes for the Same Period? 🤔
Most traders focus on moving averages in a single timeframe, but there’s a lot to gain by thinking outside the box.
The idea here is use a weekly EMA8 and a daily EMA56 or SMA56 is that both cover the same number of days (56 days in total) , but they react differently to price movements . Here’s why this can be powerful:
EMA8 Weekly: Since this is a short-term weekly exponential moving average, it smooths out some of the volatility by giving more weight to recent price action. It offers a medium-term view of the market, reacting to the most recent movements while still considering a reasonable time window of 8 weeks (or 56 days).
EMA56 Daily: This gives you a more responsive daily view of the same 56-day period. The daily chart reacts more quickly to price changes, especially in a volatile market, allowing you to catch short-term fluctuations while maintaining the broader context.
SMA56 Daily:
Being a simple moving average, it smooths out price data even further, making it less sensitive to day-to-day noise. This provides a stable reference point to compare against more dynamic averages like the EMA8 and EMA56.
How It All Comes Together: Understanding the Market’s True Momentum 🌊
The magic happens when you compare these different moving averages:
EMA8 (weekly) vs. EMA56 (daily):
If the EMA8 weekly is trending above the EMA56 daily, it’s a sign of consistent upward momentum across both short-term and medium-term perspectives. However, if the EMA8 crosses below the EMA56, it suggests that the market is starting to lose strength, potentially signaling a reversal or correction.
EMA8 (weekly) vs. SMA56 (daily):
Comparing the exponential weekly average to the simple daily average helps you identify sustained trends. The SMA is slower to react, so if the EMA8 weekly is trending above the SMA56 daily, it indicates recent upward pressure. But if the EMA8 drops below the SMA56, it might be a signal that the recent price action isn’t strong enough to sustain the uptrend.
Real-World Example 📉🔄
Let’s say you’re analyzing Bitcoin, and you notice the following:
The EMA8 weekly is moving slightly below the EMA56 daily, indicating potential weakness in the broader trend.
At the same time, the EMA8 weekly is still above the SMA56 daily, meaning that while there is some short-term volatility, the longer-term bullish trend might still have legs.
This subtle interplay between the moving averages can provide valuable insights. Instead of waiting for a massive correction or reversal, you’re able to fine-tune your entries and exits based on these small shifts in momentum. Timing becomes everything, and this method helps you stay ahead of the curve.
Boost Your Analysis with the F!72 10MA Multi-TimeFrame Indicator 🧠🚀
To make this technique easier and more accessible, I highly recommend integrating my F!72 10MA Multi-TimeFrame Indicator . Here's why it will change your game:
📈 Multi-Timeframe Analysis:
You can overlay multiple timeframes directly onto your chart, so you don’t have to switch back and forth between charts to compare trends.
🎯 Customizable Periods:
Adjust the moving average settings (like EMA8, EMA56, and SMA56) directly within the indicator, tailoring it to fit your unique strategy.
🔍 Clearer Trends:
The indicator helps you visualize crossovers and divergences in real-time, giving you a clearer picture of whether momentum is shifting up or down.
🔄 Multiple Applications:
Whether you're day trading, swing trading, or managing long-term investments, this tool adapts to any trading style and enhances the effectiveness of multi-timeframe analysis.
A New Way to See the Market 🔥📊
The strategy of comparing EMA8 weekly with EMA56 daily and SMA56 daily gives traders a powerful new lens through which to understand the true strength of trends. While most strategies rely on same-timeframe crossovers, this method takes it a step further by integrating different resolutions of the same period, allowing you to see subtle shifts in momentum before the broader market notices them.
Ready to elevate your trading? 🌟 Combine this unique technique with the F!72 10MA Multi-TimeFrame Indicator for better entries, smarter exits, and an edge over the competition. Let the markets know who’s boss! 💪👊
👉 Try it out here: F!72 10MA Multi-TimeFrame Indicator
Happy trading, and may your charts be ever in your favor! 📈🚀
$SPY October 13, 2024AMEX:SPY October 13, 2024
15 Minutes.
As projected AMEX:SPY made a high 579-580 levels.
Now the next target is 587 levels.
But we have oscillator divergence now.
And in daily AMEX:SPY far way by nearly 8 to 10 with respect to 9- and 21-day averages.
So, for the rise 566.63 to 580.33 AMEX:SPY need to hold 576-577 levels for uptrend to continue.
For the rise 574.49 to 580.33 we need retracement up to 576 levels which is also 100 averages in 15 minutes.
So, I will buy only on a pull back to 576 levels.
As of now sell is only below 571 levels.
A New MA Just Dropped!!This new MA is consist of a combination of ema,dema, and tema. the formula follows:
EMA+TEMA-DEMA
This new method allow us to incorporate momentum into moving average calculation, by adding the spread between closest ma and the second closest ma to the third ma.
The usage is similar to the usage of any ma, price crossover is a bullish, and crossunder is a bearish signal.
I publish this indicator believing pine community can do great thinks with it.
GGR Spectral Accumulation PatternGGR has a pretty rare accumulation pattern. It's not perfect, but good enough to put on watch. Critical resistance levels are highlighted on the chart (based on breakdown of prior support). Is it finally time for a reversal upward? Time will tell. I think yes. Time horizon is between one and six months.
SCHAEFFLER Swing Trade, Price is taking support from 50 EMASCHAEFFLER is taking support from 50 EMA in Weekly Chart. (For Swing Trade)
We can go for long swing trade only after price going above 3530 with approx. 6% stoploss and 24% Target.
Risk-Reward = 1:4
Plan your quantity/investment accordingly.
Note : Its just an analysis, wait for the price to confirm.
Disclaimer : Always follow risk to reward, this is the only key to success in market, no matter how much good a trade is looking we never know the future.
MSTR leading, COIN not far behind.I believe lagging BTC proxies ill start to run to the upside.
MSTR leading example and COIN will follow to fill the difference.
COIN retest 190 and the run to 200. Its possible to see 300 in November.
this looks similar to Price Action back in November 2023.
We approaching 50D SMA. when price crosses over $180 COIN should have a nice lift off like MSTR at its 50D SMA when it crossed and closed above on Sept 19.
Momentum appears bullish, MacD curling up.
SWING IDEA - OLECTRANSE:OLECTRA Greentech Ltd. has garnered significant interest recently, following the Government of India's announcement of an incentive scheme for electric vehicles (EVs). This development has positively impacted the stock's performance.
Key Observations:
1. Resistance Turned Support: The ₹1640 level, previously a resistance point, has been successfully retested and converted into support (June retest). The stock has since maintained an upward trajectory.
2. MACD Crossover: A bullish MACD crossover is imminent on the weekly chart, indicating building momentum.
3. Swing High Target: A successful crossover could propel the stock towards its previous swing high levels in the coming weeks.
Recommendation:
If the MACD crossover materializes, it could signal a continuation of the upward trend. Investors should monitor the market conditions closely to ensure the trade setup aligns with the anticipated plan.
Disclaimer: This analysis is for informational purposes only and should not be considered as investment advice. Please conduct thorough research and consult with a financial advisor before making any investment decisions.
EUR/USD ChOC TestEUR/USD has shown a Bearish Structure Break.
Currently on the Daily Support and Resistance zone, and expected to chop within the zone until Thursday where ECB Interest Rate Decision will be released, forecasted at 3.4, lower than previous 3.65. Simultaneously, The US Retail Sales MoM will also be released with a forecast of 0.3, higher than previous 0.1
The Change of Structure may be tested at the Daily FVG Level, that may play-out up to the end of October. The trend might even continue up to the Weekly Supply Zone, forming a Head and Shoulder Pattern.
RSI Divergence has also formed, a third test of RSI Divergence might occur by next month.
Confluences:
Support and Resistance Zone (Daily)
200 MA (Yellow Line)
Daily FVG
RSI Divergence (Yellow oscillator)