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Bearcross

BTCUSD: MACD Fakeout or Trend Change?As the MACD shows on the Daily chart, we are currently facing a not-yet-confirmed bear-cross today, lasts seen December 17th 2019 at $6,612. Since the breakdown from $10K last September we have seen 4 bear crosses, twice causing the price to drop 20-25% (September 21st & November 9th 2019), the other two two times were not-so-obvious bear traps before price rallied 40% (October 24th at $7,435 and as previously referenced). Needless to say, there is more upside with this becoming a MACD fakeout, than a trend change to bearish on the Daily chart. It's also worth noting that while the Daily is bear-crossing, the Weekly MACD is still close to bull-crossing, implying a lack of confluence: All this while the Monthly MACD bear-crossed last month, although has been shedding bearish momentum this month: To say that there is indecision in the markets, based on different time frames (short, medium, long) is an understatement. Recent Bitcoin TA: Volume Profile Accumulation Zone $5,910 - $8,630 Bitcoin Futures Confirms 100 & 200 Day Bear Cross Network Hash Gives 10th Buy Signal In 9 Years February 6th-11th 2020 - The Next Swing Low Could This Descending Triangle Be The Final Fake Out? Extrapolating 2014 Correction - Could $6,500 Be The Low? Two & Four Year MA's Claim It's Time To Accumulate
BITSTAMP:BTCUSD
by dragononcrypto
BTC1!: Bitcoin Futures Confirms 100 & 200 Day Bear CrossWhile remaining neutral-bearish on the BTCUSD charts, BTC1! is looking like a shorting opportunity. There is notably an increase in buying volume over the past week, however the largest volume day was when price was rejected by both the 100 & 200 Day MA simultaneously. Needless to say, the bear channel resistance is lined up with this MA bear-cross. With the market now closed for the weekend, I'd anticipate some sideways trading while anticipating confirmation of rejection from the bear-cross, ideally between February 5th-11th before breaking down to mid $5K area. Note, chart posting around the $8K price mark, notably after the close of futures trading at $8,125. This TA is a follow up from the fractal that didn't occur as expected (time-wise) but did reach it's intended target around $8,500 (price), with the expected outcome remains downside to similar levels : February 5th-11th 2020 - The Next Swing Low: Network Hash Gives 10th Buy Signal In 9 Years: Extrapolating 2014 Correction - Could $6,500 Be The Low? Two & Four Year MA's Claim It's Time To Accumulate:
CME:BTC1!Short
by dragononcrypto
BTCUSD: Extrapolating the 50 & 200 Day MA bear crossesPart 10: It's time to talk about the bear cross that was confirmed yesterday, the 50 Day MA crossing the 200 Day MA. 3 out of 4 of Bitcoin's bear crosses have been bearish long-term indicating a further 50% drop in price (2012, 2014 and 2018). In the shorter-term, Bitcoin also twice rallied by 50% in two of these occasions (2014 and 2015) before continuing higher or falling back down. Only 1 out of 4 of these cases it came at the end of the bear market, in 2015. Here are the current statistics and visual representation of the bear crosses: 2012, 2014, 2015 and 2018. Extrapolating these bear crosses to the current bear cross suggests the following: 75% probability of reaching the descending triangle breakdown target of $6,410 75% probability of dropping a further 50% before the block halving 50% probability of rallying further to $12,000 by the end of October 50% probability of double bottom at $3,200, specifically in July 2020 25% probability of breaking above $9,410 and never coming back down. If Bitcoin Repeats History? Part 1: Descending Triangle Looking Similar To 2018 Part 2: Measuring The Move of the Descending Triangle Breakdown Part 3: A repeat of 2014? Worst Case Scenario A $2,500 Low Part 4: If Bitcoin Repeats History? Extrapolating 2012 Breakdown Part 5: If 2017 Descending Triangle Repeats? Best Case Scenario Part 6: If Bitcoin Repeats History? Monthly TD Sequential Red 1 Part 7: Another Bearish Indicator: 200 EMA & MA Bearcross Part 8: Bitcoin's Full Moon Reversal 6 Month Pattern Part 9: TD Sequential 9 Next Week To Decide Direction?
BITSTAMP:BTCUSDShort
by dragononcrypto
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Another Bearish Bitcoin Indicator: 200 EMA & MA BearcrossA quick look at the projected 200 EMA & MA bear-cross on the Daily chart. From the March 16th 2018 bearcross at $8,273, the bullcross didn't occur until over a year later on April 4th 2019 at $4,911 after a 40% correction. The current gain in price since this 2019 bullcross has been 60%. Unless the price moves above $8500 within the coming days, the EMA & MA bear-cross is due to occur by the end of the week. Many traders complain that due to Bitcoin's volatility the MA bull & bear crosses on longer timeframes are delayed indicators, while others prefer to utilize the EMA's (Exponential Moving Averages) for this reason. Here you see the value of trading the 200 EMA & MA bull & bear crosses. Note that following the 2018 bearcross the price first increased by 20% to the 200 Day MA, before signaling the longer-term downtrend. If Bitcoin Repeats History? Part 1: Descending Triangle Looking Similar To 2018 Part 2: Measuring The Move of the Descending Triangle Breakdown Part 3: A repeat of 2014? Worst Case Scenario A $2,500 Low Part 4: If Bitcoin Repeats History? Extrapolating 2012 Breakdown Part 5: If 2017 Descending Triangle Repeats? Best Case Scenario Part 6: If Bitcoin Repeats History? Monthly TD Sequential Red 1
BNC:BLXShort
by dragononcrypto