Reddit Posts
The Daily SMA converging. Litecoin is looking primed for a breakout and sooner this time around.
What to expect from bitcoin (BTC) and altcoins?
$MNW Continues Its Upswing With a 38% Rally – Where Is $MNW Headed?
Morpheus.Network's Journey Towards Real-world Adoption
This is Why Morpheus Network rallied 50% in the last few months.
Bitcoin Price Holds Strong At 100 SMA – A Strengthening Case For Upside
The relevant metrics to analyze Bitcoin's fundamentals
Here’s How Far Bitcoin (BTC) Could Fall in September, According to Crypto Analyst Benjamin Cowen
[SERIOUS] Bitcoin isn't doing well, should we be buying altcoins instead
APT Price Analysis: Will APT Price Break Out of the Channel?
Mentions
Thanks u/monkeyinchief for your concern. You are correct in that there is no way to “turn over your stuff” and still own it- which is why I would use a Sub Managed Account (SMA). Without getting into a lengthy explanation, just know that SMAs are a popular way for investors to maintain custody and control while allowing a third party to actively manage the account. Why do this? Because I’m not a full time trader, I won’t be able to generate the same returns and I am happy and willing to pay a performance fee from the generated profits. Not sure what metrics you used to judge my knowledge, but I’m happy to share some with you. Yes, many of these traders that are offering BTC denominated strategies are indeed hedge funds. For them to run an SMA, typically they need about $200k USD at a minimum for test and 500k-1M ticket size. some strategies utilize leverage which lowers the minimum. Hope this appeases any concerns of me being an unsophisticated/unaccredited investor and any concerns you may have for me being taken advantage of. I’m happy to answer any other questions about digital asset hedge funds and BTC denominated strategies.
tldr; Bitcoin price has surpassed the $66,000 resistance level and is now consolidating gains, with eyes set on breaking through the $67,200 resistance. If successful, the next target is $70,000. The price remains supported by a bullish trend line and the 100 hourly SMA. Key resistance levels are set at $67,000, $67,200, and $68,500. If Bitcoin fails to overcome these resistances, it might correct downwards with major support at $66,000 and $66,200. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
tldr; Bitcoin (BTC) has experienced a significant drop, losing up to 15% since the weekend, with analysts predicting further declines. The cryptocurrency, which recently failed to maintain a rebound after challenging $61,000, is now hovering around $62,000. Analyst Mark Cullen, using the Elliott Wave method, anticipates a potential drop to $59,000, marking the lowest price since late February and a 20% decrease from recent highs. Other analysts are observing the weekly close to gauge the pullback's persistence, noting the loss of support at the 10-week SMA. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
Update #2 - we have officially in my opinion formed a tripple top. 1. Bitcoin has topped here at these levels of low 70k and will not exceed 73k unless the liquidity of alts make its way to bitcoin and bring dominance up to 60% peak putting the top from 73-80k (unlikely but possible this bull trap). We see alts bleeding to bitcoin but buying pressure has massively slowed down. Coincidentally the third week into the halving we should see if this continues a massive sell off. If we break the 8 week SMA of 58k we fall right into the summer lows of 40-45k range (likely we see a sub 50k bitcoin over a 100k bitcoin this summer). This leads to capitulation and coincides with rate cuts signalling a bearish sell off from all equities and markets as FED tries to front run a broken economy. The fear doesn’t end till likely October/November and we ride that to late 2025-2026 early for peak euphoria (140-220k) with alt season right after 2. Bitcoin hasn’t topped. Really late stages of FOMO enter with retail into pure greed. We hit 90 on greed index that lasts a few days maximum again. Alt coins continue to bleed to bitcoin making lower lows. That sell off moves at a last stage effort bringing bitcoin over 73k and topping out at 80k. Bitcoin dominance reaches 55-60% peak. Sell off happens late April into May. We have a bull trap but make lower lows (can’t break 70k). We likely see a sub 50k BTC with alts getting crushed over a 100k BTC and alt coin season this summer. Feds still lower interest rates late summer and huge correction. TLDR bitcoin in my opinion still following my consensus for the summer correction either way. For those who are revisiting let’s see how this plays out. Good luck
Ever notice how BTC seems to be the "exception to the rule" compared to so many other investments? You don't see stocks pulling back 40% because "it needs to retest its 50-week SMA". You don't see anyone suggesting "a 35% pullback for Nvidia would be a healthy correction right about now, before going back up". Funny how claims like these are always thrown around for BTC & the crypto-space in general, though.
Good volumes coming through. No real selling and no overhead supply. Price respecting 10 and 21 SMA and sitting on its recent VWAP Price near 52Week High.
The crypto market has run up rapidly in the last couple of months. Charts suggest that the rally is yet to be completed. The total crypto market dipped by just 20% since mid-march. Briefly slipped below the 21 SMA and has retained the 10 and 21 SMA. The volume Weighed Avg Price has been acting as support which is also a good sign. The big red candles are concerning but selling has subsided in the last 7 odd days with some pocket pivots popping up. The RS line is indecisive but gradually moving upwards. Better be long here as the trend has been heavily bullish ! The break of the inside bars on either side will confirm the trend.
tldr: Franklin Templeton launched an SMA designed to outperform bitcoin and ethereum with tax advantages designed for high-net-worth investors.
This is really neat! What would be cool is a combined dashboard with all the various charts people are using to gauge possible highs and lows. Pi cycle, SMA crossovers, etc.
Well, all eyes are on $105, the weekly 200 SMA Breaking this usually signals multiple x moves in every bull market since 2017 Doge broke its weekly 200 sma a whole month ago and now up 100%+ since. Anyone interested in a serious laggard play, this is the coin, especially with futures trading coming in April, and the founder himself saying ETF is in the works
He usually looks at the 8W SMA, Bullmarket support band (i think it's composed of 20 & 21W EMA), and the 50W SMA. The 8W SMA is a key support line in a bull market and in previous ocassions if it breaks support, price will most likely go below and test the bullmarket support band, if it holds as support, it shows there's likely more short term move to the upside. The bullmarket support band in his theory is the defining support line that holds or ends a bull cycle. If it breaks support, we might need a few weeks - months to see if the rally continues or not, and Altcoins bleed heavily against their BTC pairs. If it holds as support, it means there's more upside move and the bull cycle isn't over, this is usually where altcoin season occurs and they don't bleed as much against BTC pairs. The 50W is another key support in this theory, and it is usually found below the bullmarket support band. In many ocassions, it held as the last line of support, and if it breaks, cycle is definitely over and there's not major price upside move in 6 - 12 months. But the thing is, all of his theories, all of the charts he made in his website, everything is based on price history and might be readjusted after any new price movement has happened. This bullmarket is definitely different because of the ETF inflow that we didn't have before. We also never, ever, hit BTC ATH before the halving which also makes this a new occurence. I may be wrong but I don't think there has been an ocassion where BTC hit ATH and TOTAL1 hasn't hit ATH yet, which should also make this a new ocurrence. Because of so many factors that are very different to previous bull markets, it is very speculative to think price action will be the same as previous years.
For all your ‘risk metric’ fans, it’s literally just how far price is from its weekly 20SMA. It’s not magic, it’s very basic TA that he’s selling you while you all go “TA doesn’t work?!’
The ‘risk metric’ is literally just how far price is from its weekly 20 SMA.
This was me; I sold my tiny bag right at about 64,4 hoping to get a better entry and was pretty confident we were going back down to about 51, but as the current 4H candle just broke the downtrend, that's looking less likely. Still respecting the 50SMA though. I'm gonna hang back and see what happens; if this daily candle closes higher than yesterday's I'll jump in, smack myself a bit for waiting too long and move on with life. If not, I'll wait to see where the next pullback puts us. 🤷♂️
Next 3 support zones: 62k, 59k, 56k (50 day SMA), to those who’re not yet immune to this sorta free-fall thing 😎
I wouldn’t say this is the time to buy, that was last year and 2022 for this cycle. We’re overextended above the 20 week SMA, no doubt we’re going to test it. I probably would hold until social risk is lower.
We’re going to the 20 week SMA, no doubt.
I suspect this is the case as well, which is why I’m currently holding despite my flight instinct. I’m sure some risk mitigation is warranted given the extreme greed metric, but also . . . I truly don’t think this uptick is done. 20 week SMA test looks likely though
Well, let’s look at it from another point of view. The 200 day SMA is like $36,000. The 50 day SMA is like $49,000. We’re obviously much higher than that. Zoom out and see what BTC did in prior bull runs. Did it ever go back to those levels after a bullrun? Did it ever go below those levels?
We deviated way too far from the 200 SMA it was obvious a correction was needed, and quite frankly we are still going up too fast imo
tldr; Crypto analyst Mags predicts a bullish future for XAI Token, expecting its price to reach $2 after a 113% increase in value. XAI's market cap has risen to $391 million, with a significant 8% increase in trading volume. Technical indicators such as RSI, MACD, and SMA trends support this bullish momentum. The token's current price is $1.41, and it has recently surpassed a resistance level of $1.40, indicating strong buying interest and potential for further price increases towards the $2 milestone. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
Awesome!! Thank you!!! So, my sl was always on a previous support and respecting the Bollinger band. I also used SMA 8 and 80. Im my kong i expected the 8 to cross the 80 upward but it didnt happen. What do you think? Any tips? Love your comment !🙏
!!! People making bank on new coins are IN ON IT. I'm not saying you can't but the fact is that most new coins are empty shells whipped up to get your money and you should absolutely not trade them at all unless you know more than everyone else !!! Even VC backed projects that aren't total shitcoins will fuck you over if you invest when it comes out because everyone else will already buy at a discount before listing. My super unprofessional tips to trade: Watch for trends forming. If an upwards or downwards trend starts it will usually last for a decent amount of time. Get in once your fairy sure it's for real get out if there are significant breaks down/reversal. You can use heiken ashi candles on weekly/ monthly. Combine it with indicators like fear/greed indicators, relative risk/ how many ppl are in profit, on chain data, SMA, RSI and trading patterns can be your friends but nothing is 100%. I used to try finding the most obscure but super interesting and potentially usefully project that no one else was looking at but most of the time this works against you. Most people will invest in what's popular now. Currently we are in Bitcoin seasone and therefore Bitcoin is outpacing most projects. The projects that are still winning are based on Bitcoin (Stacks, Ordi) or AI projects that are fueld by Nvidia, OpenAI... hype. Until this changes and alts start breaking it's almost a waste to invest in them.
Google 4 year SMA chart BTC. In 4 year periods, lowest performance is 24%, highest is 179%. The 4 year average line literally only goes up. Like the memes say it does.
I think most analysts were, and still are, waiting for a retest of the bull market support band. 20w SMA and 21w EMA. This historically is a range to watch, and it’s been quite a while since we tested it.
Prices go up and prices go down. Really recommend folks invest a little time understanding charts. A couple SMA lines goes a long way…
btw, you can make SMA charts with Daily prices from here, learned something new. [https://uk.investing.com/crypto/bitcoin/historical-data](https://uk.investing.com/crypto/bitcoin/historical-data) Google sheets. This makes an "average price" taken from all numbers 45 periods ago to the current price etc. Column A is prices, say you have 365 of those Column B is =AVERAGE(A1:A45) drag til a45 turns into the number a365 Column C is =AVERAGE(A1:A22) drag til a22 turns into the number a365 Select bottom of the prices, all the way up to row 1 and make a chart. Make the chart a "line" type.
GBTC sells could be as much as 1/2 their original position. A possible 250,000 more BTC to sell. - and whatever FTX has left to hit the market. So HUGE possible downside remaining. BUT, much of this should flow back into the crypto market, and large inflows are happening everyday now due to the ETF's. I say we bottom around $36k. at the 20 week SMA - as we do just about every halving year around this time. Just the narrative changes. I still see ~$135k in the Fall of '25. .....its not far away fam. Have a fine day.
Looks like we're heading down to the 100 day SMA around 39k, and bounce off that nicely and then head down to the 200 day sma. Just my shitty technical anal-yst.
tldr; Bitcoin has experienced its first-ever 'golden cross' on the weekly price chart, where the 50-week simple moving average (SMA) crossed over the 200-week SMA, suggesting a potential long-term bull market. However, some traders are cautious, noting that such indicators are based on past data and may not accurately predict future trends. The bullish momentum has recently slowed, with Bitcoin trading 10% lower from its highs after the launch of 11 spot exchange-traded funds (ETFs) in the U.S. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
Big fat correction to the bull market support band (EMA + SMA) ($37kish?). Will BTC drop back down under $40K? It's possible but no way to know since BTC has a habit of doing this. There are instances where it stays above and just as many where it tanks but in all circumstances, it always recovers. With the ETF news and the whole social media drive behind it, BTC is in unchartered territory and I'm curious to see how it behaves with all of these factors in the mix. Personally, I'm hoping for a nice fat dip so I can scoop up more before the halving.
Dude i been all in since ~$20k.... I won't just randomly exit until BTC loses some key moving averages like the 96 day SMA. Whatever happens even if i exit now I've made bank with some of my alt coins like inj and rndr where i bought a shit ton near the lows. All im saying is don't be blinded by moon boy narratives.
My comment from over 40 days ago has aged fairly well: I’m sensing a lot of disbelief on here. Imo this move is valid and not a “fake pump.” Reminds me of people calling for $10-12k before at $16k, there was a chance for that to happen but it passed and we’ve moved on. The equivalent would be the $20-23k crowd. Look at let’s say the 8W chart, and we’re returning to the 20 SMA within that timeframe at $33,600. Reversing to the mean.
This research assessed if HH is a disruptor with the capacity to become a dominant player in the DLT space. We used a multi-method approach analyzing the question from three different perspectives. We found that Hedera will most likely obtain a strong market position. HH offers a DLT alternative different from the predominant Blockchain design. From a technical perspective, HH enables higher efficiency, speed, and scalability (TPS) and comes with the unique features of ABFT and immediate finality of consensus. The potential for adoption and success of an innovation in the market, however, depends on many factors and not just technological superiority. This dissertation relied on three perspectives that were applied and triangulated. The assessment of HH was conducted in the relation to the incumbent, Ethereum. Potential CA was determined based on Disruptive Innovation theory and market analysis of entry timing. Based on low-end market encroachment, disruptive innovation, SMA and CA were held to exist for HH. Dynamic capabilities based on the governance model were also detected. Hence, a strategic management perspective suggests HH's future success. External factors influencing HH's market position were included in scenario planning and a least surprising scenario was posited to infer an increasing market position of HH relative to the incumbent, Ethereum. Furthermore, user acceptance was determined based on statistical analysis of user-survey results. The latter implied user acceptance of HH. Consequently, all three perspectives taken in aggregate pointed towards positive development of HH vis-à-vis incumbents. We concluded that development of HH will continue apace as a significant protocol in an oligopolistic market. This study is significant as it considers developments in DLT from a novel perspective. Thus far, discussions of DLT protocols and their potential in academia have mainly taken a computer science perspective. Success, however, is determined by multivariant factors. This study brings new thinking to the fore including the vocabulary of management theory and applies concepts from scholarship on innovation and strategy to the DLT market. Hopefully, this work contributes to stronger understanding of DL Ts as a transformative, digital phenomenon and helps overcome naysayers who view the space with skepticism and incredulity.
Actually a death cross is the best time to buy crypto. I made my own TradingView indicator to test it out. As long as BTC price is above 20w SMA, it’s a good time to buy if there is a death cross on one of the top 1000 crypto
As somebody who bought at $16k I am rather confident that this rally is gonna dump simply because it's designed to make the bottom missers FOMO in before a retrace to 20W SMA or whatever.
My comment from 2 weeks ago has aged fairly well so far: I’m sensing a lot of disbelief on here. Imo this move is valid and not a “fake pump.” Reminds me of people calling for $10-12k before at $16k, there was a chance for that to happen but it passed and we’ve moved on. The equivalent would be the $20-23k crowd. Look at let’s say the 8W chart, and we’re returning to the 20 SMA within that timeframe at $33,600. Reversing to the mean.
In terms of the bull market support band (20W SMA and 21W EMA), BTC is currently above the support band which ranges from 27.5-28.1k. So by that definition BTC is currently in a bull market. Weekly candle will be closing tomorrow.
Who dafuq looks at 100 hour SMA?
More excited if it is breaking above $100,000 and above the 27 hour SMA
Above the 100-hour SMA!? ALL IN!!!!
Bitcoin is holding above $26,500 and the price stability could lead traders to take a second look at SOL, LDO, ICP and VET. The S&P 500 Index nudged higher by 0.45% to record its second positive week. While the United States equities markets were a slow mover, gold witnessed a massive run-up of more than 5% this week. Its rally of 3.11% on Oct. 13 was its best one-day performance since Dec. 1 of last year. However, the Bitcoin bulls did not have any such luck as Bitcoin is on track to end the week down more than 3%. Bitcoin’s weakness and the regulatory overhang have kept crypto investors away from altcoins. That has kept Bitcoin’s market dominance hovering near the 50% mark for the past few days. Market observers are likely to keep their focus on Bitcoin for the next few days. The longer the bulls sustain the price above $25,000, the greater the possibility that the next move is likely to be higher. A bullish move in Bitcoin is likely to spur buying in select altcoins as crypto investors will then sense a bull market. Select cryptocurrencies are showing signs of forming a base. If they breakout to the upside, a new up-move may start. Let’s study the charts of the top-5 cryptocurrencies that could outperform in the near term. Bitcoin price analysis Bitcoin has been trading between the moving averages for the past few days, indicating indecision between the bulls and the bears about the next directional move. Usually, a tight consolidation is followed by a range expansion. In this case, if buyers kick the price above the 20-day exponential moving average ($27,110), the BTC/USDT pair could rise to $28,143. The bears are expected to mount a strong defense at this level. Alternatively, if the price turns down and dives below the 50-day simple moving average ($26,671), it will signal that bears have asserted their supremacy. The pair may first drop to $25,990 and thereafter to the pivotal support at $24,800. This level is likely to attract aggressive buying by the bulls The pair’s recovery is facing selling at the 20-EMA on the 4-hour chart but a positive sign is that the bulls have not given up much ground. This suggests that the buyers are not rushing to the exit and are keeping up the pressure. If the 20-EMA is taken out, the pair could first rise to the 50-SMA. This level may act as a minor barrier but if overcome, the pair could climb to $27,750 and then to $28,143. On the contrary, if the bulls fail to pierce the 20-EMA, the sellers will sense an opportunity to pull the price lower. A dump below $26,500 could sink the pair to $26,000 and then to $24,800. has been witnessing a tough battle between the bulls and the bears near the 20-day EMA ($21.77). This suggests that the bulls are trying to flip this level into support. There is a minor resistance at $22.50 but if this level is crossed, the SOL/USDT pair could rise to the neckline of the inverse head and shoulders pattern. A break and close above this resistance will complete the bullish setup. Buyers may face a stiff resistance at $27.12 but if this hurdle is cleared, the pair could surge to the target objective at $32.81. This positive view will be negated in the near term if the price turns down and plunges below the 50-day SMA ($20.50). That could start a descent toward $18.58 and then to $15.33.
I think based on the current trend bitcoin will able to break through the 200 SMA and gain more dominance
Yeah, it can be especially confusing if you like to look at e.g. long term moving averages, because exchange rate changes can mean they end up being a lot different. Like last week's BTC pump bounced off the 20 week SMA on the USD chart, but it went almost 2k above it on the GBP chart.
Is it below or above the 200 SMA? I'm Joking, of course
While we are doing tealeaf analysis, I'd like to give another perspective using the 20week SMA. [https://imgur.com/a/CUMyneL](https://imgur.com/a/CUMyneL) After coming down to test the 20week in August. BTC.D has maintained support for 4 weeks before breaking up to the current 50ish %. It looks extremely bullish in the short and medium term. There is no resistance past 52%. The possibility is definitely there to go parabolic within the next 3-5 months.
Daily, weekly 200 SMA’s all around 27.X Monthly 7 MA 28.2 Quite some stuff…
I'm sure a lot of people (including myself) didn't really trust that pump. Need to close above the 20 week SMA to really mean anything
No I dont think we will... I think we are about at the 20 week SMA which is the top of the bull run support band. Right now the 20 week SMA is about 27.8k. Which is a huge resistance. If we close above that at the end of this week that would be massive and bullish
Probably retesting the bull market support band 20w SMA and the 21w EMA.. besides that pre FOMC spike..
tldr; Bitcoin price is holding strong at the 100 hourly Simple Moving Average (SMA) and the $26,400 support zone. If there is a close above the $27,000 resistance zone, BTC could gain bullish momentum. A successful close above the $26,850 resistance and $27,200 could spark another bullish wave, with the next major resistance near $27,500. However, if Bitcoin fails to start a fresh increase, it could react to the downside, with immediate support near $26,500 and the trend line. The next major support is near $26,200. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
multiple bounce off the 20 week SMA is the classic sign of a bullrun its a backwards looking indicator tho, so has no value for trading.
The strategy is too simplistic. Pair it with another MA or EMA to deter in trend. For example, only long when 10 SMA is above 30 SMA and price is above both. Also, keep in mind the slope of the MAs. If an EMA is in a downslope, it is usually a bad idea to long on a break above. A strong move typically requires consolidation prior to reversal. Consolidation allows MAs to flatten.
I have spent many years trying to find the perfect indicator, the one that will tell me when to get in and when to get out without fail. It doesn't matter how precise you try to tweak your indicator - is the 5/10 SMA or 20/50 SMA better? Is the MACD or Stochastic better? What settings should I use? The answer is none. All those indicators do nothing but distract you. Since all indicators are a derivation of price, price is the only thing you need. And I don't mean candle stick patterns, harmonic patterns, or support & resistance trendlines. I'm not saying that none of these strategies will NEVER work or won't work for anyone. I know there are lots of traders who DO make good money with any of these strategies. However, I believe that the reason they're making money is because they're still reading the underlying price action whether they believe it or not. They may have developed a strategy using these methods that just happen to coincide with proper and naked chart reading. They've just added a lot more bells and whistles. The market is designed to screw over the most amount of people while benefiting the fewest amount of people possible and in the most efficient way. And when I say "designed", I don't mean that it's rigged or that there is really any one entity controlling the market. The market moves and behave as anything else in nature - path of least resistance.
Thats also right around the 20 day SMA for bitcoin which is currently acting as strong resistance. Will be interesting to see if it closes above or pushes back down
Just don't jump in any trade blindly. Identify levels of support (a bottom with a following uptrend) and resistance (the top with following sell-off) on a high time frame like 1D or 4hrs. (Go back months) Look for strong structures in between and that will most likely be your mid-range. Now you have a basic setup. Don't go long at resistances, don't short the support. Wait for a clean break or confirmation of either. Set a stop loss when opening the position. That will be the money you are willing to lose! Once in profit lower that stop loss to the amount you wanna have as profit even if price counters the position. Indicators on Trading View (set them as favorite don't use all at once): RSI EMA 200 SMA & EMA crossing (50 & 200) MACD AGGREGATED OPEN INTEREST NET SHORT AND LONG POSITION SMART MONEY CONCEPTS You have to read up on how to interpret these indicators and how to configure them yourself to really understand it. Leveraged trading is possible, play it safe! Look at your margin levels and calculate the possible win/loss, stop losses before opening a position. At best you never really lose money because of the stop losses. Don't trade US-CPI dates or big events. Price is likely to move up and down so quick .... I'm doing it for 2 years. I'm not rich, I'm a noob! I lost a lot of trades but could even them out and you will get to a point where you will make money and don't lose trades. Even if it's just a small amount!
Nothing so far has indicated we will have a left translated cycle. We just went below the 20 week SMA... When Bitcoin drops below it, after it has been over it for the better part of the year, we will most likely stick below it for a good couple of months. And before you know it we are at the halving
Why EMA 200 vs SMA 200? From my understanding an EMA is going to have a heavier weight on more recent price action - wouldn’t that be more useful on lower timeframes? SMA would be more consistent wouldn’t it? (Still trying to understand moving averages sorry if dumb question)
tldr; XRP is showing chart patterns that were last seen five years ago, indicating a potential bullish trend. The token has reclaimed the 20-period and 50-period simple moving average (SMA) on the monthly timeframe, which previously led to the "biggest bull run in XRP history" in 2017. The price of XRP is currently at $0.629, with recent charts showing a slight increase. The legal case between Ripple and the SEC, as well as rumors of a possible XRP exchange-traded fund (ETF), are also influencing XRP's price movements. However, an ETF analyst believes an XRP ETF is unlikely. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR. Try our free crypto chatbot at https://chat.coinfeeds.io*
Bro trust the bull run has started. The 50 SMA crossed the Bollinger band, the MACD divergence is diverging, candle is an evening star doji unicorn and my dog farted.
tldr; XRP has seen a 6% increase in value, but has not shown significant gains on the weekly chart. Technical analysis suggests a positive trend, but there is a possibility of downward movement. Breaking through two resistance levels could lead to a potential surge of over 9%. XRP's market capitalization indicates active buyer participation. The altcoin is currently priced at $0.65, with significant resistance at this level. The upcoming trading sessions are crucial for XRP to surpass this level. Failure to do so could trigger a decline. Overhead resistance levels are at $0.67 and $0.69. A local support level is at $0.63. XRP's chart indicates it is currently overbought, which could lead to a price correction. The asset's price remains above the 20-SMA line, indicating increasing demand. Buy signals have been generated, signaling a bullish sentiment. The Directional Movement Index and Average Directional Index suggest additional gains in the near-term. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR. Try our free crypto chatbot at https://chat.coinfeeds.io*
Yeah I doubt it's going to drop below the SMA to invalidate this. Roll on September.
For those who didn't read the other if: >To invalidate the bullish take, he concluded, Bitcoin would need a weekly close below its 200-week simple moving average (SMA), currently at $27,235, per data from Cointelegraph Markets Pro and TradingView.
This bear market broke a lot of previous trends, most notable being BTC going well below its previous ATH and even going below 300 week SMA. I wouldn't be surprised if the halving bullrun doesn't pan out like we expect.
That's ok. Stop loss is already in profit. If it makes another high I'll just try again. Daily 200 SMA at 0.02 ish seems like a likely target from here. Everything returns to the mean at some stage
Depressing to see BTC sub 29k but not surprising. Followed the same pattern as when we lost 30k. Cohen and several others are calling for a weak Q3 and Q4 and then a rebound in Q1 just ahead of the halving. So if you think it’s bad now, it could much worse. 20 day SMA is 28500 so that’s the line in the sand bulls have to defend. But with the NASDAQ and other equity markets looking frothy, I expect to see a pull back there which will drag us down too. All in all, I’m not bullish on the short term. Worst case a double bottom at 15k I guess. ☹️
tldr; MATIC price on the Polygon network could potentially increase by 20% due to recent positive developments. Polygon Labs has formed a strategic partnership with Google Cloud, which will provide customers with access to Polygon blockchain nodes. Google Cloud will also contribute cloud services to support Polygon's new zkEVM scaling solution. This development allows for faster withdrawal of funds from the Ethereum mainnet and increased support for ERC-20 and ERC-777 tokens. MATIC price is currently facing resistance at the 200-day SMA, but a break above this level could lead to a 20% uptick. However, if bears regain control, the price could drop below immediate support levels. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*
A widely followed analyst is issuing a warning to traders about Bitcoin (BTC), saying that history suggests the king crypto is at a high risk of correcting. In a new strategy session, Benjamin Cowen tells his 784,000 YouTube subscribers that the top crypto asset by market cap tends to break through its bull market support band during the first half of pre-halving years, but then promptly dips right back below it in the third quarter. Cowen describes the bull market support band as a combination of the 20 week exponential moving average (EMA) and the 21-week simple moving average (SMA). To make his case, Cowen cites examples of BTC following the same pattern in 2011, 2015, and 2019. “So we have three examples, which again you can’t necessarily extrapolate from, I’m not asking you to take it to the bank, but it’s just that normally, in the pre-halving, years we will see Bitcoin do well for a good portion of it, but then sometime around the third quarter, we see it fail to hold the bull market support band. I think that is ultimately the risk that we have to consider: is it going to play out in a similar manner as it has the prior three pre-halving years? Does it fail to hold it, or will this be the first time that it actually holds as support?” According to Cowen, such an event could also affect other digital assets, such as leading smart contract platform Ethereum (ETH), as they are already moving below their bull market support bands. “Do note that if [Bitcoin] falls below, then that could lead to other assets of course getting hit pretty hard because a lot of them are already below their bull market support bands. And if you were to go look at Ethereum, what’s really interesting is this is the week actually in 2019 where Ethereum fell below its 20-week estimate and got a weekly close below it that then started the downtrend for more or less the second half of the year… Ethereum today is really close to that level, the 20-week estimate for ETH is at $1,859, so we’re actually just right at it.” Bitcoin is trading for $29,331 at time of writing while Ethereum is moving for $1,861.
tldr; Bitcoin traders are predicting that the cryptocurrency is gearing up for its next bull run in 2023. They are closely monitoring two key trend lines: the 21-week simple moving average (SMA) and the 20-month SMA. Once these trend lines are crossed, it is expected that Bitcoin will enter a prolonged period of upside movement, signaling the start of a bull market. Traders are advising others to "get ready" for the upcoming surge in Bitcoin's price. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*
tldr; Bitcoin traders are predicting that the cryptocurrency is preparing for a bull market in 2023. Traders Moustache and Titan of Crypto have analyzed BTC price trends and identified two key trend lines that indicate a potential breakout. The first trend line is the 21-week simple moving average (SMA), which has historically signaled the start of a bullish surge once it clears the immediate spot price range. The second trend line is the 20-month SMA, which has heralded every previous Bitcoin bull market. Traders are optimistic about Bitcoin's future performance based on these indicators. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*
Tl;dr Bitcoin (BTC) is gearing up for its next bull run in classic style, say traders eyeing two key trend lines. Bitcoin “bull market line” eyes classic crossover Bitcoin is closely copying prior BTC price cycles, and the time is almost right for a bullish surge, according to Titan of Crypto. Uploading historical BTC/USD price data, he drew attention to the 21-week simple moving average (SMA), currently at $27,900 per Cointelegraph Markets Pro and TradingView. BTC/USD annotated chart with 21-week SMA. Here again, March 2020 forms a fleeting exception to the rule. This is exactly how it was in 2016-2018 and 2019-2021.”
Proper TA, is a useful tool, when applied in the right way, by the right people. (Not me though... although I like seeing it done by someone who knows their way around it) It's data analysis, as any other type of data analysis, that is used to understand market movements and trends. It's not meant to predict the future, but rather to help to define investment strategies. Simple things, like looking at SMA trends, support and resistance values, and other indicators like that, are helpful markers for people who are looking into some type of investment, and might even be helpful in avoiding poor investment choices. This does not mean it will always predict an uptrend, or a downtrend: you still have other factors that might not show in TA, and that will influence the market. On the other hand, drawing colorful lines on a robinhood chart, on your phone, is just as effective as trying to read your future on tea leafs, or cards, or whatever the hell.
Absolutely, I couldn't agree more! AI/Algorithmic trading can be a game-changer in the fast-paced financial market, allowing traders to stay solvent even during non-stop trading hours. The beauty is that they can execute trades round the clock, giving you an advantage even while you sleep. I've personally found great value in the Ocean Protocol SMA Algorithmic Trading [Tutorial](https://www.youtube.com/watch?v=c7A4vA8YUyI), which has helped me enhance my understanding of this powerful tool.
exactly this. no one can time the market. hence you don't YOLO in. So you don't Yolo out. Back-test SMA at different durations to find the optimal rate. It's a lagging indicator so use it to single the start of your 'dca' in/out trades.
TBH I'm not looking at anything even closely related to TA. I don't care about RSI, SMA, Bollinger bands, flags, wedges & all the other things related to predicting charts based on their past performance.
This is why i don't watch news ever, At the end of April / beginning of May i was marking up ranges down to 19500 for BTC. Fair value gaps where the price has pumped - marking them off as potential retrace areas. Looks like 25250 and the weekly 200 SMA have been holding up fine. That's pretty big. The weekly 200 has previously always been the bottom. This cycle BTC broke and closed below it for months. Leads me to believe that the worst is over. Imagine how shit it would've felt if BTC gave back all it gains since start of year and then the SEC did their law suits against Binance and Coinabse. That likely would've put in a new low. Naw, we are all good up in these lofty 26k region. My money is (literally) on BTC tapping 30k and sitting up there to grind a bit before breaking higher.
Trading view alert based on RSI / SMA