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Deathcross

4hr deathcross nears…can 2 bull patterns be enough to reverse itWe currently have 2 4hr chart bull patterns forming a little falling wedge bull pennant pattern(in yellow) and a potential small 4hr inverted head and shoulders pattern....a breakup at the right point from the falling wedge pennant could give the bulls enough breakup momentum to get above the neckline of the 4hr inverted head and shoulders and even potentially trigger it...if this were to occur we could see a brief trip back up to the 3950 range. However even if this were to occur I don't think the momentum will be big enough to prevent the 4hr death cross or even flip it quickly back to a golden cross...so while both these patterns may very possibly break bullishly I think the end result is still going to be a sustained 4hr death cross and a bearish drop in price action to go with it. If they don't break bullish and it just continues to break down from here then I think we may see a double bottom bounce at the 1 week chart's 200ma around 3260 or so...if we do break upwards and hit the inv h&s target of 3950 or so there may be enough fomo generated at that point to get above the neckline of the much bigger inverted head and shoulders pattern around 4k at this point...I could potentially see this setting a huge bull trap at this point and if we did inch above the neckline I think there would be such a spike in longs that it would set the perfect bull trap for a big capitulation candle inv h&s fakeout crash from there...one that could drop to 2.8-2.9k or possibly even lower. Of course I always gotta also factor in the slim possibility however that it could actually legitimately trigger that bigger inverted head and shoulders pattern as well and take us to over 5k but that seems very improbable at this point especially with the 4hr deathcross on track to happen in the enxt 8 hours or so. Of course with crypto nothing is impossible so I can't discount the possibility entirety. Thanks for reading and understanding this is not financial advice!
BITSTAMP:BTCUSD
by DrDovetail
possible fractal tht could prevent breakdown from hitting targetOne thing crypto loves to do more than anything is fakeout the herd so although we have multiple deathcrosses across most major time frames and a breakdown from the recent bearflag, it could potentially repeat the pattern seen immediately after the price action highlighted here inside the 1st yellow circle where it only went about halfway on the rbeakdown and then liquidated a bunch of shorts by inverted barting its way back up. Be prepared for that but I wouldnt go long unless you see a bullish bart pattern start to occur the 4hr cross on xrp just happened which could be some of the market drop but the 4hr deathcross on btc has still yet to occur. this dip should have it occur much quicker than its earlier time frame trajectory of january 18th and when it does I anticipate further downside...always always always the possibility of a fakeout in crypto though.
BITSTAMP:BTCUSD
by DrDovetail
3hour deathcross turkey appears!This turkey must think now that its a couple months after thanksgiving that its safe to roam the charts out in the open...however, when a deathcross turkey appears it typically tends to bring hungry bears soon after it. in 10 minutes from now we should see the 3 hour death cross occur on btc...on xrp when the 3 hour death cross occurred recently it coincided with a decent bearishbreakdown so that could very likely happen here too with btc....btc will now have death crosses on the 1hr, 2hr, 3hr and 1 day charts....the 4hr charts trajectory suggests a 4hr death cross by January 18th currently and likely sooner if we see further bearish priceaction soon...this confluence across most major timeframes suggest the current bearflag has a much higher probability of breaking downward instead of an inverted bart...but as always its best to be prepared for both outcomes. thanks for reading and good luck! gobble gobble!
BITSTAMP:BTCUSDShort
by DrDovetail
2
Bitcoin forms lower low; 1hr deathcross quickly approachingWe have followed the recent lower high with a lower low putting the bears fully in control after hitting my last ideas drop target with exact precision...we have seen a decent bounce since hitting the target but probability highly favors this as nothing more than a dead cat bounce. There is a possibility of forming a lower high here but I don't see much more being offered to the bulls than that....if that....which will ultimately be more or less a bull trap if it does occur. We can see that this drop has caused the 1hr 50ma(in orange)'s trajectory to dip significantly which should greatly speed up the timing on the 1 hr death cross. I also expect the 2hr 3hr and 4hr deathcrosses to occur soon after and for the 4hr 200ma to flip to solidified resistance..to me this seems like it could very well be the beginning of our capitulation we have been waiting on to finally bring this bear market to an end. If so I anticipate we will at the very least see the price action revisit the weekly charts 200ma where we have always seen great support...I have a feeling we could send a wick below it but ultimately believe we will be able to close any weekly candle that dips below that above the 200 weekly ma...in fact I anticipate the normal huge rebound bounce of 50 percent or so to occur once we hit bottom and that bounce will be what allows us to close above the 200 weekly ma....just my own speculation of course and not meant to be financial advice...anyways thanks for reading and good luck
BITSTAMP:BTCUSDShort
by DrDovetail
btc Bart brings entire crypto market down w/ it; bearflag formsWhile the chances of an inverted bart up from this bearflag are very possible considering rsi levels at the moment...I'm hoping more that we continue the trend so we can finally get this capitulation candle out of the way and bring this bear market to an end. If capitulation is near I anticipate we will break down from the current bear flag right around the time the 1hr deathcross occurs which should lead to subsequent death crosses on the 2hr, 3hr, and eventually the 4hr charts. I think if we pull off a 4hr death cross thats when we will finally see our capitulation candle....unless of course we already dip down far enough during the other 3 death crosses so that when the 4hr death cross occurs it bounces right back up and does a death cross fakeout right back into a golden cross....however hopefully for us all this is the beginning of capitulation...an inverted bart back up here at this point will only prolong the bear market much longer. I think capitulation will occur at 2.9k at the least but possibly much lower.
BITSTAMP:BTCUSDShort
by DrDovetail
DOUBLE DEATH CROSS STRATEGY WTI CRUDE STOCKApply these SMA Indicators on your chart - 50 - 100 - 200 Step #1: Wait for the 50-day EMA to cross below the 100-day EMA. The two moving averages also need to converge with the price action. If we get the crossover of the 50-day MA (blue line) and 100-day MA (orange line) at the same time the price is testing those moving averages, that’s the best-case situation for a trade because we can define the risk. The rule you need to keep in mind is that when the MAs converge with the price you have to get ready for the ride because it is going to get BUMPY! Step #2: Multiple entry strategy: Sell 1 when we close below 50-day MA and 100-day MA. Sell 2 when we break and close below 200-day MA. Using multiple entries to improve your average entry price can be the best way to approach the death cross signal. Scaling in to a position is our preferred trading method when looking to capture large price move in a currency pair. The fact that the price was near the death cross signal, it created a tension in the market that eventually will lead to a sharp move to the downside. We pull the trigger on the first half of the trade once we close below the 50-day and 100-day moving averages. If at the moment when the death cross developed we’re already trading slightly below the two moving averages, sell at the market the moment we close below. The second half of our position is entered once we break and close below the 200-day moving average. Note* it’s important to remember that the success of the death cross signal relays on this simple trade secret that price and the two moving averages needs to converge. Keep it simple stupid is not just a simple aphorism, but it’s an old truth that can make the difference between losing and making money trading. This brings us to the next important thing that we need to establish for our long-term trading strategy, which is where to place our protective stop loss. Step #3: Hide your protective Stop Loss above 50-day MA and 100-day MA The most important thing we need to define when trading is our risk. If you want to be a profitable trader you really need a limited risk. This is the type of death cross trades that we want to pull the trigger on. If the price were to move back above those moving averages, we can safely assume this is yet another false trade signal. In this trade case scenario, we’re risking a little and our reward is potentially much bigger. So, the best place to hide your protective stop loss is above the 50-day MA and 100-day MA. Step #4: Two-step process for the take profit strategy: Mark on your chart the high of the candle when the 50-day MA crossed below 200-day EMA. Take profit when this high is broken. Our take profit strategy might seem a little bit complex, but once we break down the steps you need to follow it will make more sense why we’ve chosen this approach. The first thing you have to do is to remember what we said in the beginning of the article which is that when the price doesn’t converge with the two MAs this is a death cross false signal. In our example below, we can observe this type of price action. Now all you have to do is to mark the high of the candle when the death cross happened and take profit as soon as the high gets broken. Note** the above was an example of a SELL trade using the death cross strategy. Use the same rules for a BUY trade – but in reverse, in which case we have the golden cross trading strategy.
NYSE:WTIShort
by Tradingstrategyguides
DOW approaching inevitable deathcross + h&s triggeredThis is my first ever non crypto idea on tradingview but I couldn't refrain from commenting on what I'm currently seeing on the Dow Jones. We can see a big head and shoulder pattern seems to have been triggered which has a drop target all the way down to the 21k range. Meanwhile it seems within the next 2-3 days a death cross is set to occur on the 1 day chart and considering this head and shoulder pattern seems to have already been triggered/validated I don't see any way shape or form that the DJI will be avoiding this deathcross...some wise friends of mine who have been at this much longer than I have are getting involved into some inverse ETFs right now in anticipation of it. I personally will not be making any financial advice on what to do here as I am not a financial advisor but it does appear that the writing is plainly on the wall...I also find it very interesting that the crypto market is now experiencing a bit of a pump during the DJIs + S&Ps downfall. I think we are in for a very interesting 2019 in both markets.
DJ:DJIShort
by DrDovetail
Bohus Pollak view on Apple Death Cross on 1D chartThe death cross occured on 50 MA and 200 MA Disclaimer: Bohus Pollak is not a financial advisor, nor do any of our employees, executives, or affiliates hold such certifications. None of the content on this website or any other Bohus Pollak media pages on internet constitutes as financial advice. Essentially, Bohus Pollak attempt to take the pain out of researching your favorite cryptocurrencies by providing data, analysis, and fundamental information all in one place. All of this information is Bohus Pollak own subjective opinion and nothing should be taken as financial advice. All Individuals are responsible for their own research and due diligence before making any investments. Cryptocurrencies, Forex, binary options are volatile and Highly speculative, an investor, trader, speculator, or any type of buyer of cryptocurrencies or investments has a risk of loss. Bohus Pollak holds no responsibility for losses incurred by cryptocurrency and investment purchasers. All of the content on Bohus Pollak ideas and posts and content distributed by any media is his own subjective opinion and is not in any way financial advice.
NASDAQ:AAPLShort
by BohusPollak
CIBC Hitting Major Daily S/R LevelTaking a look at the daily chart CIBC TSX:CM to see that it could be at a very decisive point around the $104 area. Price hit a major horizontal that acted as a strong resistance turned strong support with price hitting that level on multiple occasions with subsequently massive price movement to follow. * If price breaks this S/R level with conviction I will look to enter on a pullback to the S/R level * If price bounces off this level this week I would cautiously enter a long position with a stop just below the S/R level Considering the current market conditions and with this being the third retest of the S/R Level coupled with the 100EMA/200EMA bearish cross I'm inclined to favour the bearish scenario over the bullish in this case. Trade Wisely, Chloster
TSX:CM
by Chloster
S&P 500 TopI believe that it is possible to beat the market through a consistent and unemotional approach. This is primarily achieved through preparing instead of reacting. Click here to learn more about how I use the indicators below and Click here to get my complete trading strategy! Please be advised that I swing trade and will often hold onto a position for > 1 month. What you do with your $ is your business, what I do with my $ is my business. I am calling a top in the S&P 500 and the charts pretty much speak for themselves. What is most important to me is the death cross with the 50 & 200 day MA’s along with the 200 flattening out after a multi year trend. I am also viewing the current range as a Wyckoff Distribution pattern. From here I would expect a breakdown of the ice line or one last dead cat bounce to retest the middle of the trading range at $2,700 - $2,725. The 50 day MA also happens to be waiting in that area and if that does get retested then it would provide a high probability short sale entry. Same goes if we get a daily close below the ice line. When we zoom out to the weekly the picture does not get any prettier, in fact it provides very important confirmation. We broke down the 3 year bull trend line and promptly turned it into resistance. The 22 week MA has rolled down, with the price below it, for the first time since the last presidential election. This week also just closed a bearish engulfing candle. According to Thomas Bulkowski: “the bearish engulfing candlestick serves as a bearish reversal in 79% of the 20,000 examples that I studied.”(1) I have been fully out of my S&P longs for over a month and now I’m fully entered into shorts. That is due to the price closeing below the 4, 9, 50 & 200 MA’s on the daily combined with a death cross with the 50 & 200 along with a bearish crossover with the 3 & 9 MA’s. This is confirmed with the weekly closing below the 4, 8 & 22 MA’s with bearish crossovers across the board. If you would like to learn how to use moving averages more effectively then I would strongly recommend subscribing to Tyler Jenks Hyperwave youtube channel and starting with the following video. www.youtube.com (1) thepatternsite.com
FOREXCOM:SPX500Short
by Sawcruhteez
SPX - ObservationsWhats up Traders - Just looking at the charts for previous signals and potential future signals. We see that in the last few weeks, day traders could have acted on two very common trading signals - - Hanging Man - Hammer pattern Both of these signals formed and were confirmed, and would have led to winning trades. Now that we are back to the resistance line of the descending triangle, we are hoping to see a DOJI on the daily bar for 11/29/18. With a down day on 11/30/18, we would view this as a bearish signal and likely enter a short trade. Anyway, hope this chart spurs some thought. Let us know if you have any questions.
SP:SPX
by WillNixTrading