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First BULLISH Signs on BTC since EMA crossBTC has followed its first close above the 20EMA (Dark Blue) since the 20 EMA feel below the 50 ema in late May (Yellow Vertical Line). Its confirmed the BULLISH sign with a bounce and move up providing the first real BULLISH Technical sign in some time. The bounce not only tests the moving average but the 6595 Horizontal level and this is important for two reasons. It’s a Real Bullish sign not the imagination of some trader stuck in a historical BTC trade he is desperate to get out of the level now gives us something concrete. For now I will say above 6595 we are Neutral (Not yet Bullish) and Below it we are Bearish. It’s a level we can watch and cut out all the Bullpoop that can confuse our sentiment. For us to start and really believe in the move we need to be a bit patient. We need a test of the 50 ema and the 6927 level (Orange). We are likely to get a pullback from there and need a higher low and then a break and close above the level on a 4H or Daily chart. Then we can start and be Bulls again. We must always remember this is a new BTC from the old days. People who thought they were trading genius are now stuck in positions brought at 15, 18 and even 20K. They are desperate to get out and those that can still find their wallets and PW will sell into any Rally. I expect progress up to be slower, but at least we see some signs of it. The low volume weekends have been a bastion for the Bears and the current stability is another great sign for us. Remember to make money it takes DollarsNSense. Be patient, take the trades that make sense and not those that feel right. I will be with you for the journey now, Follow me to get proper Technical analysis based on Sense and not Hype. Follow us now
BITFINEX:BTCUSD
by DollarsNSense
1
Bitcoin BTC Reversal. Simple Chart. Super simple. Everybody is here to figure out when we will get a reversal. I have posted my simple straight forward chart showing a possibility of reversal. I will not talk about moving averages , wedges or telling you that I love you. Simple easy to read and to the point. One more thing, I will always include " might ". Nothing is for sure. Its only my opinion not financial advice. As you can see the reversal might happen before June 12. We might not go under 7K. That is all. You might want to go back to work. You might put on some music. You might be productive. Thanks for reading. I might not love you. Pack your bags we are almost...well might be, ready to launch.
BITFINEX:BTCUSD
by dannych1p
6 MAs (exponential optional)I just wanted a single application that would allow me to check/uncheck the MAs I wanted to see for various time frames. I've been using the 7 and 30 period for weekly observations of crypto and the 20,50,128 and 200 for other views such as the 20 day, 50 day, 128 day and 200 day MAs. This allows me to open the settings and uncheck what I don't want to see and vice versa. Stock is set to SMA but EMA can be activated by simply opening the settings and checking the box.
N
by Kick_Back_Time
Simple token (OST) - Getting ready to TRIPLE in May? (x3 pot.)Following some previous examples that have done very well, Simple Token seems to be heading the same direction. We already saw it with Verge , where I highlighted the cup & handle potential, but also the sell moment (the day of its major announcement, a typical dump day). We saw it with ICX , for which I've been on the spot for over 20 trading days (just to tell you that it makes sense to read this post :) ) We saw it with Cardano , where I called the end of the downtrend / the bottom, and the subsequent forming of the second part of the cup and handle. I find the Simple Token case similar, but somewhat less certain of panning out as a cup & handle scenario. Nevertheless, I propose this as an idea, as I believe there is lots of upside in this fundamentally sound cryptocurrency. If it breaks resistance at 3353 sats (the 78,6% Fibonacci correction level), we'll be heading to the 61,8% level at 4776 sat, which is already 40-50% higher (roughly calculated :-) ). If we kindly continue on the cup & handle pattern, we're in for a "tripling" in May - beginning June alone. And the thing with cup and handles is, if the handle is formed, THEN the actual upward part starts. In short: an undervalued crypto to keep an active eye on! PS: could you gently click the thumbs up button 10 centimeters to the right of this dot: .
OLong
by A_Cryptastic_Mind
3
Simple Token Bottomed Out?Simple Token has found the support at 161.8% Fibonacci retracement applied to the corrective wave up after the break below the 3800 satoshis support. The Fibonacci support has been rejected cleanly after which price broke above the downtrend trendline. While the 1580 satoshis support is holding, it is likely that OST/BTC will continue rising towards 3800 satoshis resistance area, although this could be just the very first wave of the uptrend. Break above the 3800 resistance could be the beginning of the strong uptrend, sending the price to the new all-time high. On the downside, break and close below 1580 satoshis could invalidate bullish outlook and push price lower to 1k satoshis psychological support.
OLong
by CryptoPAMM
KAZ Minerals Firmly Range BoundKAZ Minerals is a stock that gave us good profit in the bull run from 2016 to 2018. This was a stock that went through excellent periods of trend followed by extended periods of consolidation. That is just the nature of this stock but one that can deliver very good profit if given the time to develop. We were stopped out of all our long positions in the pullback from earlier this year. Since then, price has remained in consolidation and is now on its way to entering its 7 month of a being a range-bound market. Market conditions now dictate that we stand aside from this stock whilst the bulls and the bears battle it out for supremacy and determine a trend direction. There is no edge in range bound markets but many are often lured in to trade in the belief that trading areas of consolidation is easy. Simply go long off support and short off resistance. If only it were that easy. Periods of consolidations are notoriously difficult to trade as they are made up of multiple levels of support and resistance which can cause whipsaw moves in the market that can take traders out and cause premature losses. Trading is definitely not easy. It certainly is not as difficult as many end up making their trading but anyone who thinks it is easy will soon have their ego put in check. There will be the odd person who slips through the net and gets away with over-leveraging trade after trade in what just so happens to be prime conditions. Most will not be so lucky. The correct expression is "trading is simple, not easy. " The best and most profitable techniques are the simple ones but growing trading accounts is not as easy as many think. One of those techniques is simply understanding that growth is made during periods of trend and protection of money is done during periods of consolidation. It is a time-tested formula used by the best for decades now. With KAZ Minerals, we are now waiting for a breakout. As the trend was bullish prior to this current lengthy period of consolidation, our bias is with a breakout to the upside. Ultimately, it does not matter as we as traders have the ability to make money in both directions. It is down to the forces of the market to dictate a breakout, wait for optimal environments in either direction and we then react accordingly. For now, there are far better opportunities presenting themselves in FX such as on the USDJPY . It seems like, finally, FX is where the money is. Sublime Trading
K
by Sublime_Trading
Bitcoin; a super simple analysisThe more I read other TA's, the more complex it gets. Supernovachartpatternsresistancelevels and multipleindicationacceleratorsignals (That's not a thing, I've just made that up) that are driving me crazy. I was told that I should NEVER invest in something if it's highly volatile and not clear where we are moving. Simple as it gets As you can see on the daily chart we just went through the 50 day EMA and it tends to move bearish. BUT... it's not really giving off a clear breakout signal since the RSI and MACD are all still quite in the middle. My idea; only invest at times when the basic indicators (MA, RSI, MACD) give off a clear signal. Don't try to rush things, it will only cost you money. The time will come. Cheers
BITFINEX:BTCUSD
by UnknownUnicorn1520339