Moving Average Convergence / Divergence (MACD)
Big secret - when to buy & sell bitcoin (you decide)Using USDCNY (Caveat- LINE BREAK CHART & small sample size) See what happens when MACD signal line drops into negative territory. Significant support line for bitcoin price. See Oil and Gold price effect on support line. Will coronavirus shut down bitcoin mining in China? What will happen when Chinese market reopen. Is bitcoin about to explode? Bahhhhhh........ Hmm.............. NOT ADVICE. DYOR.
EURUSD 30M LONG TRADEWHY I TOOK THIS LONG TRADE
1. Divergence between Price and MACD Histogram
2. MACD holding at STOCHASTIC 20 level
3. Price retraced to 38.2% Fib then made new low
4. Price held the -23.6% Fib
5. Price held previous support level
6. Morning Star reversal candle pattern
7. Entry next candle open after #6 pattern
8. SL below swing low
The REAL dealHello traders, Crypto Crusader here with a small cap analysis.
This analysis is on TheRealReal ticker "REAL"
The fairly recent IPO in June of this year received a listing price of around $30, at the time of this writing, we are trading around the $17 mark. Given how small of a company they still are, there is large growth potential moving forward for a tentative medium term hold (1-3 months). There hasn't been enough time to properly print weekly, along with monthly candles, however, it's important to note that on the weekly time-frame RSI levels are oversold and sit around 33 (the magical oversold RSI #). Regarding daily candles for RSI, we are beginning to pick up momentum and are headed in a neutral direction to 50 given this indicator is a derivative of sorts. A 2 month bottom in RSI when "REAL" hit ~$13 is the parallel I'm using for the 2 month RSI bottom we currently are witnessing. To pair with the bottoming of RSI previously, and currently, we have the MACD VSI indicator. You can see the inflection points along with the convergence picking up pace. The MACD VSI is mirroring what the RSI is representing regarding momentum in price action. To add a tertiary layer to this analysis we have decreasing selling volume, while buying volume remains at a stable level. I believe within my above mentioned time-frame a sell target of ~~$22, while subsequently getting a double bottom fake-out that dies off, and or, a fake-out that would play down to ~~$13 levels, making this trade a massive loser opposed to a fairly decent winner at 40% gain +- 5%.
As I mentioned earlier, this company hardly even has a 2 billion dollar market cap and is extremely small in the retail space and in comparison to their competitors alike, however, their disruption in this market could prove favorable given their system to consignment.
Hope everyone is enjoying an early holiday and spending some time away from their charts for; family, good company, food, and personal hobbies/endeavors.
May the trades me with you,
Crypto Crusader
Bitcoin facing the abyss - need a daily close above....OMGNOT ADVICE DYOR. Caveat - small sample size.
Here's the construction. You need BB %B indicator. Then do MACD on that indicator. Mark all instances signal line turns positive (yellow). Mark (white) first instance histogram turns red. If both these cross month end then mark that month end (blue). Box both months in white. Bulls need to push daily close above $7933.4. Come on! If not will first lines of defence hold. NOT ADVICE. DYOR.
BTCUSD predictions using FUSIONGAPS and PRISM oscillatorsPlease see text in the chart.
Short-term looking bullish (over the weekend); but more likely to continue to trade relatively sideways through December with a slight bearish bias -- overall range-bounded between the two white solid lines .
Long-term still remains bearish (with possibility of falling all the way down to 5200 USD); unless BTC is able to break above 10k USD and hold.