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Deathcross

Bitcoin Death and Golden Cross on the Daily Time FrameIn a recent publish on my chart regarding the Death Cross. This is the same chart just zoomed out so you can see at which point in the $BTC #Bitcoin history did the Golden and Death Cross occur and what was the actual result. Now this is a chart and charts don't lie. Plain and simple facts. You will also see the number of fake outs that occurred and immediately what the price of $BTC #Bitcoin did after. There is also a concern that if $BTC #Bitcoin carries on it's sideways movement the Death Cross will be killed but unfortunately this is not the case. In order for the Death Cross to be invalidated is for the price of $BTC #Bitcoin to go up and keep going up and not to go up and retrace to the same price levels again and again just like we are seeing now in the price of $BTC #Bitcoin
BITFINEX:BTCUSD
by HybridTraderX
4
BITCOIN - Death Cross + Fib TimeBTC death-cross looks like it will happen somewhere between the two trend-based fib time projections. Trends do not magically implode at the sight of a death cross and often price is on a bounce as they do, but it is interesting that the DC is lining up with the time fibs. I am looking to fib time to provide a more accurate projection because they are a fractional extrapolation of stability found in phi / golden section and so more likely to find a continuation / reversal point. But it looks like DC will happen at the 1.618 fib of pivots 1,2,3 so I roughly guesstimate the wave 4 collapse will begin around 12th June.
BITSTAMP:BTCUSDShort
by dRends35
13
BTCUSD. The Bullish and Bearish Scenario. Which will happen?Hi everyone, Thank you for considering reading my idea. Here we have, as well all know, TWO POSSIBILITIES: (a) If we're on a bear market or; (b) we are STILL in the middle of the bull market. Who knows? Nobody. What actually matters is Bitcoin's price movement in the future. There are LOTS of great TAs but some of them may be based on their biases. They want it to go up for gains or they're just really bearish to accumulate more Bitcoin at lower prices. Either way, we should all be prepared for what Bitcoin will do next and make great TAs to navigate the market on what will MIGHT happen in the next minute, hours, days, weeks, or months. Here's what we need to look forward to in the NEXT FEW WEEKS. Let's start with the Bearish Scenario : If we continue trading below 20MA in the next few months, we will get our death cross and Bitcoin's price may be LOWER than the 50MA before the death cross happens. See 2013 and 2017 bullruns. For those who're new out there, a death cross (see orange arrow) is when the 20MA crossed downwards the 50MA. From there, we will likely get rejected the 50MA until the price reach the 200MA. Now, with the Bullish Scenario : We need to pump like hell to prevent the death cross. See 2013 and 2017 bullruns where the death cross happened months after the peak is reached. But how do we know what price we should pump everyday to prevent this death cross? According to Benjamin Cowen on his recent video about Bitcoin's Death Cross and how to avoid it, the data suggests that we need to pump $800 every day to avoid the death cross (starting June 5 GMT+8). It's not necessary to pump exactly $800 every day but on average, it needs to be $800. For example, on day 1, we pumped $400 only but on day 2, we pumped $1200. For more explanation, you may want to check him out on YouTube. To safely navigate the market and prevent biases, check out Alessio Rastani also on YouTube. These 2 analysts are one of the best imo on YouTube so I recommend for you to check them out if you have not. For my TAs, if we're going to continue this bullrun or we're currently on a bear market, please see my analyses on the Related Ideas below. Like this idea and follow me for more analysis like this. Cheers, Juvs
BITSTAMP:BTCUSD
by Juvssss
Solar Energy ETF - Death CrossChart shows death-cross highlighted as a pink circle. The definition of a death-cross is when the 50sma crosses below the 200sma. This technical pattern signals further downside. The red horizontal level R1, is the bullish short-term target, if we can cross the 50 (orange) and 200 (red) moving averages, and revert the death-cross. However, unless we can stay above the mid-level (blue-line), that is unlikely happening.. S1 could be an important support around $58, as we see a couple of tests back in September 2020. OBV shows lower lows, supporting the downtrend.
AMEX:TANShort
by dorfmanmaster
BTC: Last chance for survival.Every time a death cross happened (200/50MA cross) BTC has entered into a bearish cycle. During JULY 2017 bullrun, BTC was close to complete a deathcross, 50 and 200MA were getting closer, but after the "dip" a strong rejection happened and price recovered. That was BTC hope for nowadays price action once we fell from 64k, but then 30k flash crash happened and 200MA 1D (39k) was pierced. Can we go push prices above 200MA 1D massively and quick so 50MA moves higher quickly and draws away from 200MA avoiding a massive death cross? It's last BTC hope for resuming the bullrun, otherwise BTC will complete a wyckoff distribution following by an accumulation which may take months. Marketbuy or crash. NFA.
COINBASE:BTCUSD
by diversionlulu
7
The dreaded death cross and a bearish pennant flag - What next? If you go back in AMD's chart, the golden and death cross has historically been a pretty good indicator to follow, and today, the death cross occurred, right below the pennant. While this may seem bearish, Id wait another couple days to make a trade because AMD just hit a looong support line ( A support trendline thats held for nearly 4 years (its that green line)). This could go two ways now, the bears win and that support turns resistance OR the trendline holds and this was just a fakeout. Tell me what you think (The results probably very largely dependent on their earnings report on 27th, which might be not be too great cos of the semiconductor shortage plaguing everyone) Thanks for reading, ask me anything and ill definitely respond - Hit that like button and follow me for more like this, itd mean a lot :) __________________________________________________________________ For anyone new to TA, Ive decided to explain any terms I use, just in case it helps someone - A death cross is when the 50 day MA moves under the 200 day MA (bearish) A golden cross is the opposite, its the 50 day MA moving over the 200 day MA (bullish) The pennant flag is that thing I drew in blue, its a pattern that when you draw over, it kinda looks like a pennant hanging on a flagpole, when its upside down its bearish and when its straight up its bullish
NASDAQ:AMD
by ReedusFeleedus
1
Death Cross Chart Pattern - GoldA death cross occurs when the 50-day moving average crosses below the 200-day moving average. In addition we can observe the weekly EMA ribbon directly on support: Occasionally this is a setup, but if price falls below the ema ribbon that is considered very bearish - particularly on a weekly time frame. Additional Clarity offered on the death cross here: This death cross indicates, according to technical analysis, that the short term trend (50day) has fallen under the long term trend (200day). Treasury Yields are indicating the dollar may rise higher, and as those of us who have been observing the increase in the US Dollar see - a bullish DXY is a bearish signal typically for gold. The 10Y hit its highest level today since Feb of 2020 (which was pre-covid mania) This is because owning bonds offering a yield is preferable vs a commodity that does not offer yield. The Yield in Treasuries is direct competition with gold - along now with the new powerhouse on the block Bitcoin. Keep in mind as well that an ounce of gold now costs .03~ bitcoin! Chart will be provided below. It is also worth stating that Bitcoins market cap is now $975.2B. If we exceed $1.5T Bitcoins market cap will have surpassed silver which one could then assume the next runup will be targeting superseding Golds dominance. The other issue gold has to contend with is optimism from the broader market that as the nation opens back up, and consumers flush with cash we may see, and hopefully so, a broad economic recovery. The irony, and a strength for gold though is that the formula for inflation is M2*V=inflation. We all know that M2 has gone significantly higher, unprecedently higher. Velocity has been more than muted, it has been crushed. I would argue (and may get some counterpoints shooting me down, and I welcome the debate) that as the nation opens back up, we will see an increase in spending and activity and dare I say traveling and vacationing, home improvements, acquisitions of new homes to take advantage of low rates - which will heat up the economy & increase velocity. If velocity increases enough we could see a nice pop in inflation - not calling for hyper inflation, but even a conservative pop could work wonders for gold. Keep in mind that retail sales increased 5.3% in January which is indicative that those stimulus checks are indeed being put to work. www.marketwatch.com Pivot Points for Gold Targets: There is a lot to weigh out when one considers longing gold, but for now gold appears to be in a position where the gold bears have taken over, and the gold bugs are fighting for support. If you enjoy this chart please be sure to like it! If you see things differently I respect your opinion and would love to learn from it! Please be sure to comment and tell me why I may be wrong. And as always friends I wish you nothing but good fortunes and great success!
OANDA:XAUUSD
by ZenMode
89