Deathcross
XRPUSD Impending Death Cross. What to expect:We can see here on h 1 day chart that the 1 day deathcross is imminent and will likely occur tomorrow or the day after at the latest. While at this point it does look like the initial cross will happen, My gut feeling based on fundamental developments and adoption in xrp, is that even if this initial cross does occur it will be short lived and proven a deathcross fakeout which will be reversed shortly there after back into a golden cross. Let's recall hat the beginning of the 2015 bull market for bitcoin began in a similar fashion where we got the 1st shortlived golden cross that then briefly went back into a deathcross before having it's real sustainable golden cross shortly later. I anticipate thee same kind of behavior this time around for xrp...however initially once this fake deathcross occurs price action could follow with it and we could see our current bearish descending triangle trigger a final capitulation breakdown and that triangle has a measured move down exactly to our super strong bottom support at 24.5 cents which is a good confluence point to skyrocket right back up at...however if the next breakdown that occurs is treating the current pattern more as a bearish pennant than a descending triangle then we could see a capitulation candle reach as low as 19-20 cents before the skyrocket back up. Lastly we could instead of a breakdown see an inverted bart pattern play out here in which case if it has a bullish enough impulse it's still possible we may avoid a deathcross altogether and instead see both moving averages bounce up off eachother. For something like that to occur at this point would require a green candle and bullish volume bar much larger than any we have seen for a long long time. All these things considered I think my wisest move here is going to be just wait for the break and if we dip down buy the dip at 28, 24.5, and again at 19-20 cens if we manage to make it that low. If worst case scenario price were to go under 16 cents at that point I may have to consider that the deathcross may not be a fakeout after all but that seems highly highly unlikely and low probability.
Somebody poke NEO, is it still alive? Heya All,
While BTC is taking a week-end rest I have the inclination to proceed and revisit some of my favourite shitcoins and NEO is definitely one of them. This coin and platform has all that is needed for a solid DAPPs coin and in many ways fundamentals of NEO stood head and shoulders above ETH, Stelar, Cosmos and other similar DAPP platforms yet it took more beating and more damage than any of these.
Needless to say, NEO community internationally was and perhaps still is one of the strongest. Citi of Zion, despite somewhat corrupt structure, is still a much better governance system than any of the similar platforms offered.
At this point, the question still begs to be asked, what happened with NEO? Apart from nearly 2-year long bear market what has resulted in a collapse of the Da Hong Fei's empire? - I am not a NEO Expert, but I will try to elaborate on some of the shortcomings of the projects and reasons why it was not able to gain traction even after announcing the NEO 3.0 version upgrade. Here they are:
- Not being able to develop a strong report with the Chinese government ( with any other Gov for that matter).
- Not being able to establish a simple yet elegant use case on GOV or major business level. (For example, collaborations with Alipay or Wechat would have catapulted NEO to a whole new level. Similarly, it would have been beneficial to deploy notarial, public, business and land registry services on NEO for any of the countries where they have a prominent presence).
On a positive note, I think NEO still has a fighting chance and will rise again if the management team will ramp up international efforts, Will resume to be more proactive when engaging the international community and when supporting promising projects on the platforms.
And yes, for now, NEO is bearly breathing and it is 200K short away from total collapse. Several factors that accompany NEO's current situation are the following:
1. Low liquidity - No one with the mother is trading this asset. There are small movements on Finex but all of it looks like a bunch of liquidations and some in-house market making to keep the price level afloat.
2. Price action looks like swiss cheese - There are so many gaps in the price action on lower timeframes that I suspect that no one trades this asset at their own will.
3. Possibility to short neo to kingdom come - It looks like the whole asset can be short to 8$ level and beyond with just 200 K account and a couple of smart traders.
4. 30 Days from the golden cross to the death cross - Currently neo is under the death cross. Lat death cross ended about a month ago and current one took a change of the price action quite recently. There is more mad news, the 50EMA-200 SMA death cross is about to take place soon, which again might send NEO to lower price targets.
If I had a position in this Asset, I would close my shorts now, liquidate my holdings and would move my positions to BTC.
Will NEO rise again? -Perhaps... Soon? -Nobody knows!
Happy trading and stay safe!
Archie
Despite buying pressure near future of ETH doesn't look too goodHeya all,
If you have not done so it is a great time to exit your USDETH shorts until further notice. It looks like the worst of the storm is over, and there is obvious buying pressure in play but I will not be too quick to jump on that train just yet.
Overall, my sentiment is that ETH will bounce to 220 level and perhaps beyond too, so my position currently is "Cautiously Bullish" until the double death cross situation is resolved. Needless to say, please keep your downside protected and keep a tight stop loss when longing this asset.
keep in mind the following factors:
1. We are still diverging between 4H 50 and 200 SMA which opens up this asset to further potential downside, selloff and shitfuckery. The current level of price is by no means the bottom and there are events that can drag this price further below to 200 and 190 price levels.
2. We are still in the 50 x377 SMA death cross-zone, which usually has less gravity and influence over the price action, yet in this kind of bullish scenarios, a divergence between 50 and 377 SMA can massively delay the resolution of trend and price action.
3. BTC as a concurrent asset provides very interesting price action for investors while maintaining the bullish momentum on all timeframes above 12hour, which will incentivise ETH investors to exit their positions now and bump up the liquidity for BTC, which will generate additional sell pressure on ETH in both cases, when BTC price goes up and even when BTC price goes down.
4. RSI and Srock are looking awful. perhaps this will change during the next week. Don't front-run the resolution of ETH price action.
So in summary,
1. Be very very very cautious when buying this asset before the resolution of 50x200 and 50x377 SMA death crosses.
2. The bottom, might not be reached yet and there is a solid possibility to go down to 190 and 200 levels fairly soon.
3. To be safe, wait until 4 h price action moved above 50 SMA and consider buying after that.
Hope this helps
Cheers
Archie
xrpusd deathcross looming? I anticipate a fakeoutimpending deathcross on xrp. while also in a 1 day bear pennant that has a target of 20 cents...i anticipate this deathcross will be a fakeout and we may see a inverted bart here instead of a bear pennant....however there's also a chance it could break down and the 50ma could briefly cross under the 200ma but if so in that case it would just be capitulation and price would rocket back up bringing a golden cross with it to signal a deathcross fakeout if capitulation happens i don't see it dropping the whole target of the bearflag I have a feeling the 28.5 or the 24.5 horizontal trendline would probably catch it before then...still worth being prepared to buy any kind of dip like that though should it occur.:
Link Bottoming Soon? Short/Mid-term analysis.Using my FUSIONGAPS oscillator.
See also my analysis on BTCUSD using my FUSIONGAPS oscillator.
Demo of how my FUSIONGAPS indicator might be used.Link to my indicator:
According to this chart, it appears BTC still have some downside to go, before a turnaround.
Look out for a significant positive peak (turn-around) of the 50/15 blue oscillator (blue color fill) as a possible indication of a good position to enter.
Possible indication of good price points to exit seems to be where the 50/15 oscillator (fuchsia color fill) have peaked in the negative region.
Not a financial/trading/investment advice. Exercise your own judgement and take responsibility for your own trades. ;)
And if you like this set of indicators, and it has benefited you in some ways, please consider tipping a little to my HRT fund. =D
cybernetwork @ EOS
37DzRVwodp5UZBYjCKvVoZ5bDdDqhr7798 @ BTC
MPr8Zhmpsx2uh3F5R4WD98MRJJpwuLBhA3 @ LTC
1Je6c1vvSCW7V2vA6RYDt6CEvqGYgT44F4 @ BCH
AS259bXGthuj4VZ1QPzD39W3ut4fQV5giC @ NEO
rDonew8fRDkZFv7dZYe5w3L1vJSE51zFAx @ Ripple XRP
0xc0161d27201914FC0bAe5e350a193c8658fc4742 @ ETH
GAX6UDAJ52OGZW4FVVG3WLGIOJLGG2C7CTO5ZDUK2P6M6QMYBJMSJTDL @ Stellar XLM
xrb_16s8cj8eoangfa96shsnkir3wctdzy76ajui4zexek6xmqssweu85rdjxrt4 @ Nano
~JuniAiko
(=^~^=)v~
FUSIONGAPS DEMO2: BTCUSD winding up for another massive pump?Another chart analysing DEMO using my FUSIONGAPS oscillator showing a possible mid-term trend of BTC, by comparing on historical oscillator trends/patterns.
Link to my FUSIONGAPS indicator:
An earlier chart showing how to use FUSIONGAPS to pick possible good time/price for entry/exit.
Not a financial/trading/investment advice. Exercise your own judgement and take responsibility for your own trades. ;)
And if you like this set of indicators, and it has benefited you in some ways, please consider tipping a little to my HRT fund. =D
cybernetwork @ EOS
37DzRVwodp5UZBYjCKvVoZ5bDdDqhr7798 @ BTC
MPr8Zhmpsx2uh3F5R4WD98MRJJpwuLBhA3 @ LTC
1Je6c1vvSCW7V2vA6RYDt6CEvqGYgT44F4 @ BCH
AS259bXGthuj4VZ1QPzD39W3ut4fQV5giC @ NEO
rDonew8fRDkZFv7dZYe5w3L1vJSE51zFAx @ Ripple XRP
0xc0161d27201914FC0bAe5e350a193c8658fc4742 @ ETH
GAX6UDAJ52OGZW4FVVG3WLGIOJLGG2C7CTO5ZDUK2P6M6QMYBJMSJTDL @ Stellar XLM
xrb_16s8cj8eoangfa96shsnkir3wctdzy76ajui4zexek6xmqssweu85rdjxrt4 @ Nano
~JuniAiko
(=^~^=)v~
4hr ema deathcross now official. Will it sustain?Price action appears to now be painting a downward slanted h&s pattern and the 50 and 200emas on the 4hr chart have now official deathcrossed. Wee are also seeing a green candle coinciding with the deathcross which happens often as a last ditch effort to reverse the deathcross back into a goldencross thus achieving a deathcross fakeout...in order to achieve one of those price action will likely have to climb back above both the 50 and 200 ema and flip them to solidified support. My guess is it will at the very least retest them but odds are favor them maintaining resistance for now. if it does retest and find resistance my guess is that will complete the peak of the right shoulder of this red h&s pattern which if triggered could take us potentially back under 9k if maybe only for a brief bit. For the bulls to achieve a deathcross fakeou they will likely have to rise above the 50 & 200 and flip them to solidified support within the next three 4hrcandles. If not and the confirm solidified resistance odds are good the ema deathcross will be sustained. probability currently favors the bears but I remain neutral until the deathcross confirms it will be sustained.
The death cross is still in play, and its awfully close to...The death cross is still in play, and its awfully close to the bearish estimated close of the bearish pennant pattern. looks bearish to me.
Death Cross incoming?If, and Only IF?, the price shoots up to reach the moving averages crossing, then death cross spiral downwards.
That'd be great for people that missed better buying opportunities.
Horrible for anyone wanting to take profit.
Let's see.
DEATH CROSS!? Bulls & Bears still battling.the bulls have been fighting to avoid this death cross of the purple 200 ema and the green 50 ema on the 4 hour. if back tested you will see major plays to the downside if we confirm a cross. we can go either way. let me know your thoughts. (I took off all my other moving avg. except for these two.
PURPLE 200 EMA
GREEN 50 EMA
4hr chart 50 & 200 EMAs currently at a stalemate. Neutral until a confirmed break here however my assumption is we will see a inv h&s fakeout breakout taking us up to 11.1-11.2k and then dumping not long after to instigate the exponential 4hr death cross eventually bringing us down to the gap at 8.5k potentially. Just a thought...it could also very easily hit the full target of the inverse hea dand shoulders pattern as well or even never making back above the neckline. So for now I remain neutral.
Bitcoin Price Action Update (day 352)Disclaimer: If you are primarily interested in copying other people’s trades then this is not for you. However, if you are willing to put in the work that it takes to learn how to trade for yourself then you have found the right place! Nevertheless please be advised that you can give 10 people a profitable trading strategy and only 1-2 of them will be able to succeed long term. If you fall into the majority that tries and fails then I assume no responsibility for your losses. What you do with your $ is your business, what I do with my $ is my business.
Sawcruhteez Strategies: Comprehensive Trading Strategy - Consensio | Comprehensive Trading Process | How to BUY THE DIP | Advanced Dollar Cost Averaging Methods
Consensio: Long term is bullish. Short and medium term starting to turn bearish. If 50 and 200 EMA’s get death cross on 4h then medium term trend will be bearish for me.
Patterns: Pulling up and into death cross on 4h? If so would that be considered a pattern?
Horizontals: R: $10,800 | S: $10,500
Parabolic SAR: If looking for SAR based on Welles Wilder’s original calculations then use “Lucid SAR” on Trading View. Weekly bullish SAR recently brokedown which indicates medium term bear trend.
Futures Curve: Contango, but spread is narrowing on this selloff which is bullish
Funding Rates: Shorts pay long 0.01%. Nothing out of balance here.
BTCUSDSHORTS: Shorts are at new all time low
TD’ Sequential: 4h hit a green 9 on this last move
Ichimoku Cloud: Weekly and daily are bullish. Look at how the daily cloud (traditional settings) acted as support. 4h is bearish.
Relative Strength Index: Appears to be resisting 50 on daily.
Average Directional Index: Daily has fallen below 20 which is similar to the RSI resisting 50. Weekly is just showing the first signs of reversing.
Price Action: 24h: +8.51% | 2w: -3.76% | 1m: +16.67%
Summary: My last update was on July 7th and that is when I predicted “four figure Bitcoin within 48 hours”. Furthermore my price target for the expected selloff was $8,975 by July 10th.
Both of those predictions were wrong. I roughly got the price targets right, but the time targets were about 1 week premature. Profitable trading revolves around projecting the price and the time. If you get one of those wrong then you are wrong, simple as that.
This has been a great example. I shorted above $11,000 with a $9,000 price target and I lost money eventhough the price went to $9,000 within weeks of entering my position. I had a stop set at $11,876 and that was triggered before the selloff that followed.
This is a great example of why trading revolves around price and time. Get one wrong and you will lose money.
About 5 days after my call the price of bitcoin reached my target of $9,000. I had a pretty good idea of where the price was going in the future but I still lost money because I thought it would happen a little sooner than it did.
With all of that being said I am prepared to take my second stab at the same call. As it stands I strongly expect four figure Bitcoin within the next 48 hours. From my perspective the market is very overbought while testing a major resistance level. This tells me that resistance will hold and that another leg down is to be expected.
Therefore I am viewing this as a good opportunity to sell. Whether that be short or a profit take.
It looks to me like $10,800 resistance is holding. If that is the case then we should get a death cross with the 50 and 200 EMAs on the 4h chart. If we do get a death cross then it would lead to a $7,500 target, at a minimum.
As a result I am viewing this as a selling opportunity. Selling $10,500 - $10,700 with a stop at $10,900 makes a lot of sense to me. If we are able to breakthough $10,800 and spend some time above that price (> 1 day) then I will very much be changing my tune while looking to buy back what I sold around $11,000.
btc goes against the herd pumps during initial deathcross.Btc has done a fantastic job faking out the herd after dipping back below the double top neckline then shooting all the way back up to test the 4hr 50ma which is currently maintaining resistance. If it can find a way to rise above both the 4hr 50ma and 200ma and flip them to solidified support then odds are likely this deathcross will end up being a fakeout. However, having jus deathcrossed could give both moving averages extra resistance momentum in which case we could still go down from here and reach he 8.5 target. We must also remember the breakout target of h falling wedge is around 11.1k so we could also still continue up to 11.1-11.2k before finally plunging back below the 4hr 50 and 200mas as well, I'd say at this point anything is possible and until we clear about 11.5k and flip it o support a trip back down to 8.5k07.2k-or even 6k if a double op is triggered is still possible. Best to pay close attention to how price action reacts to testing these mas and if it goes above that how it reacts to the 11.1-11.2k level.
BTC 4H chart - have we been here before? I will not enter any long position until a higher high was made on the 4H with a candle close above 10900.
Impeding "death cross" on the 4H chart delayed by the pump but let's see if next candle can hold above 10600. I found a similar situation after the ATH which didn't end well for BTC.
Im just a noob so don't trade my advise.
4hr deathcross commencesodds are better that we'll be heading towards the 8.5k gap before the 11.2k gap now that the 4hr deathcross has commenced.
BTCUSD going DOWN: Double Top on BitCoin...Just like March 2018!There's been a big sympathetic bullish move on BTCUSD recently, very likely related to the move on FB to legitimize cryptocurrency with Libra. It's kind of ironic, because near total control by a massive corporation like FB of a cryptocurrency pretty much goes against the very basic fundamental idea of what an ideal cryptocurrency should be: A form of digital exchange for the masses that isn't beholden to anybody, especially a major company or corporation. But the point is, when a big name like FB gets involved, crypto investors start seeing $$$$$ signs, and a sympathetic bullish move on BTCUSD (and actually ANY other crypto) was totally predictable once the announcement on Libra came out. The bullish BTCUSD move was clearly too much too fast, and Trump/Munchin's recent negative tweets and threats of governmental oversight put a big block/resistance (at around $13500) to a near repeat of a parabolic move from the 2018-2019 lows of BTCUSD of $3000
Forget the fundamentals for a second, from a strict technicals standpoint, the BTCUSD chart is showing very ominous signs of breaking down. We clearly see a formation of a #doubletop, which is a very bearish sign. I should point out this #doubletop also occurred during March 2018, after the initial January 2018 breakdown that led to the recent downtrend and lows of BTCUSD. In addition, you can see (circled on the daily chart) the formation of a #deathcross on the Moving Average Crossover indicator as WELL as a negative/downward bearish move on the MACD Crossover indicator. About the only thing that is positive is the RSI indicator, which seems to temporarily indicate that we are in an oversold period that could lead to a temporary small buy-back.
My thesis? Simply put: BTCUSD is going to clearly break down even further, down to $6000 or even $5000, although the first level of support is around $7500. There MAY be a brief buyback period first before the big breakdown, but unless BTCUSD makes a strong move above the resistance of the double top around $13500, it's unlikely to last. Therefore, I would say now is a HORRIBLE time to buy BTCUSD, and if for some reason you were lucky enough to buy it down at the lows of 2018-2019, you should probably take some of the table and lock in your profits now. I definitely would not add to any BTCUSD position until the $7500 support line holds OR the top/resistance of the double top is breached and that breach holds. If the $7500 level breaks, again we could easily see lows on BTCUSD of $6000, or $5000. Or in a very bearish environment back down to the lows of $3000.
Don't believe me? Maybe I'm wrong...I'm just looking at technical patterns, and have no position/skin in the game. But I want to point out that back in December 2018 (see link below), I was able to predict/call the top of BTCUSD looking at a clear Descending Triangle chart pattern that was about to break down.
Let's see if I'm right again...My prediction is the strong move downward will occur very soon, likely before the middle of August 2019. Hold on to your hats, crypto boys and girls!
P.S. That guy, Peter Brandy, who thinks BTCUSD is going to hit $100000/Bitcoin soon is clearly high as Snoop Dogg at a marijuana dispensary Black Friday sale ...At least for the short-term future! :P
Possibility of a doubletop in play; if triggered 6k target. a large price dump that was instigated by a 3hr chart deathcross has us now potentially about to break down from what looks like a double top on the 1 day chart...price action is currently below the neckline and is right now trying to retest that neckline...if the retest is rejected then odds are good we will break down from the double top and retest the 1 day 200ma down at 6k. However I wouldn't be sure of a rejection until at least 1-2 1day confirmation candles + bearish volume surge to go with it...we are also currently testing the breakdown of a 1hr bear flag pattern which could dip to 8.6k. If we go to 8.6k odds are very good we will be filling the 8.5k gap from the CME futures chart....whether or not we'd reach the full dip target of the double top of 6k is uncertain considering there is also the famous "golden pocket" on the fib retracement right at 7.2 which we also had a small gap on on the cme futures charts....so dipping to the 7.2k zone would fill the final gap below us and reach that always magical bounce level of 61.8%. We can see the 8.5 level also hits a very significant fib line as well as it has confluence with the 50% retracement line. So we may see bounces at both of these zones or support for candle closes. However 6k is also a possibility because of the double top which also has confluence being double reinforced support with the 1 day charts 200ma which should provide solid support. My move is going to be to wait for price action to retest the yellow neckline of the double bottom and if the daily candles confirm solidified resistance I'm then going to short and ladder out portions at a time at a couple pips above 8.6, 8.5, 7.2, and 6.1k respectively...until I get the confirmation of resistance/rejection at the neckline however I remain neutral for now...with slight bias temporarily to the downside. During this downtrend we may see some altcoins make gains against btc such as xrp. I also believe that when this correction is over the next leg up bitcoin will be taking alt coins with it and they may even lead the 2nd leg up. I think the next temporary leg down on btc will coincide with a 4day deathcross and the next significant longterm leg up will coincide with a 3 day golden cross.
3hr deathcross could take us back to fill the gaps a 8.5kmaybe even 7.2k where the fib retracements golden pocket currently sits.
Ethereum death cross poloniexNo reaction. Market ignored this important weekly death cross. Poloniex is not highly used exchange. Conclusion?
