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BTC Death Cross Taunts 4 Hr Chart - Pivotal Moment Since last post Bitcoin has failed to find any support & price dumped to now test the 0.5 Fib level and 200 day moving average. We are currently attempting to Find support at the 0.5 Fibonacci level. Intra-day timeframes looking bloody and beaten. Bit of bearish divergence on 1hr chart. If we continue to fall next target would be around $8300. ON A POSITIVE NOTE We are heavily Oversold on the Daily & 4 Hr Stochastic RSI. The Stochastic blue line has just dropped out of overbought territory on the Weekly chart. In previous posts I shared these possibilities & the potential they had in playing out. Unfortunately they did. And now we all know Bitcoin is a scam ;) Its bad day for short minded person. Thats not me. Cheers Not Financial Advice
COINBASE:BTCUSD
by MitchMilli
#BitCoin Update for 02.17.2020We have seen a little pullback in the chart of Bitcoin on Coinbase, It has started to test the 9 EMA in yellow and the 18 EMA in blue... On the hourly chart, it should cross soon that is going to give us the 1st golden cross since Friday... But the BB is quite tight, so that is telling me there is a bigger move that will come soon, lets all hope it's to the upside... Going to the 4h chart, and looking at the MACD it's going to have a golden cross soon, with the hourly chart going to have a golden cross... I can see it soon re-testing the yellow line in the $10100 zone and I hope it brakes it and go up from there... Out on the daily, the MACD is still looking like it wants to head down even more, but that's ok with the hodlers and like me the miners... It's just a better place to get that BTC... With the 9 EMA in yellow and the 18 EMA in blue... It doesn't look so good, it may go and give us a death cross... I have seen a video from "Benjamin Cowen "He gives a different view on the crypto markets"" on youtube, that golden crossing may give a big red day... But the market should continue going up like it was before the crossing... Have we seen that big red day? On this chart, the blue line is the VWAP-Anch it did start on 01.01.2020 at 00:00:01 AM UTC... So far this year has been good to us, but I can see it re-test it again this year... Because we are so far above it, I can see it coming back down to it and maybe have a day or two under it just like it did in early January... In this chart, I am using the blue VWAP-Anch like last time, but the white line is the VWAP-Anch from all-time high on Coinbase and the yellow line is from about the bottom of the market from the top of it... I'm loving this chart so far this year, look at the price and the 2020 VWAP-Anch it's over the other two... I can't say how high this market will go, but I can see Bitcoin making some big moves soon... I'm looking to the upside... Going out on the monthly chart and using the Ichimoku cloud the price of Bitcoin is trying to get above the clouds... Will it get there and will it stay? But I think this pullback is a good thing, it would be nice to see a mooning Bitcoin price... But the aftermath would not be so good, look back since the top two years ago, I don't want to see a falling price in Bitcoin for the next 2-3 years and don't forget all the people saying Bitcoin is dead... We want time for people to see the charts and get acquainted with the technology and what it can do for all of us...
COINBASE:BTCUSD
by ADHDing_
BTC DEATH Cross for Fib EMA 89/233Noticeably the 89 EMA has crossed under the 233 EMA. Last time this happened in 2018, we saw decline and some significant bounces in those 5 months along the way to capitulation toward $3K. What worries me more about today is that all of those EMA's are converging quickly in a momentum swing downward with what appears a much higher pitch than before. In essence, if the lower channel TL at 6100 does not hold, BRACE for impact toward the 2015 TL at $4500. There is also notably what appears to be an adam and eve top pattern between the 20K high and 13K retracement. This alone has a potential to trigger serious downward pressure. Let's see where all this leads to in 6 months, shall we! NOTE: Not trading or investment advice. Entertainment ONLY!
COINBASE:BTCUSD
by tantamount
Finally figured out how to use Sine Waves...Just posting this mostly because I finally figured out a way to use sine waves that's meaningful for BTC so far. One wave, fixed x location... different y locations.... so simple. Fits the data pretty decently too... so I figured I'd take a guess at the rest of BTCs life. 2040 approx when I say it dies... is when the last BTC will be mined, for those still using it (even though it likely will be very, very, outdated by then). 2025 maybe as a End to the festivities at about 50k. Who knows, I just felt like putting it at 0ish. Definitely trading advice. If you want to lose your money, probably not advisable.
BNC:BLX
by Korastiz
Here's your 2019 Death Cross close point 5:00 p.m. October 29th Break out above 9500 or below 9000 Stop loss At 9000 or 9500 Retest heavy resistance at 9800, if confirmed = short entry This is March 1, 2018. We broke downward of the 200 DMA. Then MACD coming hot and fast back up to 0 breaking above the 200 DMA with it. RSI setting a new lower high after a new lower low which came after the three over bought peaks matching movements with the MACD. These key points are happening here again but on a shorter time span. Differences here, 2018 this lead up to the death cross, and 2019 the death cross is now. point 1 Nov 15 BTC 8300 Upward trend from the last 6 months Upward trending support starting from April 1 and tested the 200 DMA on Apr 25. A false break down of this trend on Oct 23. Giving the weekly MACD time to consolidate to zero and a good setup to test point 3 point 2 Thankgiving BTC 8800 200 DMA Where the previous stated uptrend meets it's top to it's triangle at a closing point of 8800 the week of thanksgiving, The 200 DMA should cross through this point. point 3 Thanksgiving BTC 10600 THE SHORT The point where this whole thing comes together from the weekly. This point at Thanksgiving would be the key factor deciding which trend we follow, possible challenge to cross back north of 200 DMA, mostly bearish based on the weekly MACD and if the stochastic RSI recharges to half. Grab you short here, maybe the last high before another year of consolidation. point 4 6 Months after point 3 BTC 6700 THE CLOSE Give the weekly MACD 6-10 months to consolidate, go under, and find our bottom supports, meeting up with the 200 WMA around 6700, then the next wave should begin to the 9-10k mark and consolidation again. Call me again in 2021 when we have another rally past 20k
KRAKEN:BTCUSDShort
by SHITSHILLER