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Deathcross

Ripple (XRP) Long-term Trend Analysis. Which Direction Now?I've been long BINANCE:XRPBTC since November of 2017. It's pretty different than other cryptos, at least in a sense. The long-term goals of bringing efficiencies to the bloated traditional financial industry, in my opinion, means that BINANCE:XRPBTC has nowhere to go but up in the long run. We've seen major movements as BINANCE:XRPBTC rapidly moves on the charts, making it very difficult to predict prices movements. So as someone that looks long-term on this trade, I'm not looking to trade every little movement, but the longer trends that we can see using volume spikes and moving averages. The cross that we saw on the 10th did not have the volume behind it that previous crosses have had and the price is right around the initial cross point. I'm going to keep an eye on BINANCE:XRPBTC here. I'm not convinced that we'll rally again, only time will tell. I'd like to hear your thoughts on BINANCE:XRPBTC ! Will we see a rally or are we going to see a dip? Please comment below, as the more input we see, the more informed we are! *** This is not a recommendation to buy or sell, this is for educational purposes only! ***
by dsgorthy
5
BTC-USD - Are we at the bottom?The question on everyone lips. Let's take a look at the charts. 1D Chart Starting with the 1D to get the broad picture. Remember as well that signals on the higher charts are more reliable. Key levels of Support/Resistance are: 11470 - Has acted as strong support and resistance on the 1HR chart between 21st Jan and 29th Jan when it finally gave way to the downside. Will now act as resistance on the way back up. 10700 - Was the bottom of the wick that ended the fall on the 22nd December. Has provided support multiple times with no daily closing below it until we dropped on the 30th January. Will also now act as resistance. Upper Box - Indicates area of support which we are now testing. This was a bullish accumulation zone back in 28/29th November on the daily. It has been drawn wider to account for the accumulation candles on the 4HR chart at this time as below: 9232 - Was the bottom of the wick from the 17th Jan (and lowest recent low). This will act as resistance and is within the box discussed above. Lower Box - If we drop through the upper box and the 9232 level then the price could drop to this lower region which aligns with the last significant level of accumulation (16th-24th December). There was very little volume previously between the upper and lower boxes so it may fall through as quickly as it went up. RSI has been below 50 for a while reflecting the continued bearish sentiment. It is currently tracking down and is at 35. Will it drop further? August 2016 was the last time that the RSI fell below 30 (classic oversold zone) (Note: same date was also the last death cross on the 8HR - see below). The recovery back in May 2017 happened when RSI was at 35 which is the current level. More recent recoveries happened on the 30 (July & Sept 2017). In Nov 2017 is happened at 42 when the market sentiment was extraordinarily bullish dismiss this as an anomaly. Given that we witnessed a death cross on the 8HR recently we could potentially drop below the 30 - I would not be surprised based on this indicator. Oscillators 200 EMA - We are currently only 7% above this key average. If we move below it then I would consider that we are officially in a bear market. We have not dropped below this since Nov 15!! 8HR Chart The last time we had a death cross on the 8HR was way back in August 2016 (see below). At the time the cross coincided with the bottom of that drop. The bottom turned into the left side of a W pattern and the market recovered. The 50 EMA recovered to be above the 200 only 26 days later and it has been above it ever since....until now. Fundamentals There is ALLOT of FUD spreading going on currently with daily stories being released from South Korea, China, India, Tether. Most of these stories being published in mainstream news are out of date and seem to be being released at times that coincide with BTC price down trends. It is not a stretch to think that this is market manipulation and that institutional investors are trying to shake out weak hands. SUMMARY We are at key junction for $BTC. We need to see how price holds up in the upper box region and how it responds to returning to the 200 EMA. The RSI and historical volume plus all of the FUD and negativity indicate we could drop further into the lower box region - 8500 or below. "Luck is what happens when preparation meets opportunity" This is not investment advice. If you found this helpful or disagree with any of it please comment below. Also please follow me if you want to see future analysis on Crypto pairs.
BITFINEX:BTCUSD
by HackneyCrypto
1
Monero continues its downward trendXMR has been moving up and down quite a lot within its downward trend, with wednesday striking as low $235. Considering the MACD is indicating an upcoming uptrend, we might see another push, which I expect to be VERY short-lived. We have a death cross (red arrow) forming as the 50 EMA (blue) is moving down below the 200 EMA (green) which generally indicates a VERY weak trend. Additionally, ALTs are suffering directly from BTCs downtrend. Since Bitcoin has not hit its bottom yet and is very likely to go for another run at the $9,2k support pretty soon, we can expect XMR to move similarly, going as low as $235 again. My buy order will be at around $235, where I expect XMR to bounce back up. (The lower trendline (black) will be a very strong support) Anything can happen however, which is why we should keep an eye on both BTC and XMR movement and stay adaptive with our trades. Summary: XMR is very likely to hit its previous low from wednesday again, which is a strong support level and therefor makes for a good buyzone. Note: The blue arrows neither indicate any timeframes, nor any exact price levels. Their only purpose is to show general movement. ------------ This is no financial advice and only for educational purposes.
BITFINEX:XMRUSDShort
by Ladywalker
4
Bitcoin / usd 1 Day Chart Death Cross [BTFD]Our first chart for 2018 been having loads of new year fun with crypto... Pretty clear Death cross on the 1 day chart for bitcoin looking at the levels here with the fib MCap bounced near 500bn and we have the US session to come is this the real recorrection and then back up to 30k? or we gunna close under 9k after US session and enter a bear market? bull or bear? i wanna hear what you think? best response hgere, will chuck u some random crypto coins, so plz discuss....
COINBASE:BTCUSD
by majorlee
10
Is this the correction we've been waiting for?Yesterday's close <2,100 is a confirmation of the negative trend which has been forming Most technical indicators have now turned negative for the S&P 500 50MA is getting dangerously close to a negative "death cross" formation with MA100 We are approaching oversold levels but not yet dramatically so Next few weeks provide just enough uncertainty (elections, Fed) to fuel the correction Next level from here = MA200 support = 2,081.18 This is a time to step back or short the SPY or go long gold or volatility
SP:SPXShort
by HAL9000
The downfall of Wells Fargo?FUNDAMENTALLY: BAD SITUATION ALREADY - HOW MUCH WORSE CAN IT GET? Poor business and regulatory practices are being investigated at WFC. This bodes negatively for the bank, as there is already an admittance of wrongdoing. Such situations have taken a while to sort out in the past (see GS, Citi, DB, BNP, etc.) and have resulted in substantial settlement amounts. The current situation with Deutsche Bank adds fuel to the fire. WEEKLY CHART REFLECTING POOR FUNDAMENTALS. The technical situation on the weekly chart looks quite poor: Negative wedge formation since July 2015, death cross in April 2016, downtrend broken this week, volume pickup on the downside, negative MACD cross-over, etc. FLOW SITUATION ALSO DIFFICULT. Warren Buffet, who already owns 10% of the bank through Berkshire, cannot buy more stock. He is bound to keep his investment and be unhappy with it or sell his stake... Not very encouraging from the perspective of institutional share-holding at WFC. WHAT TO DO FROM HERE? Go short at the current market price. Price target $40/share. Stop-loss at $46. Reward/Risk = c. 2.7x
NYSE:WFCShort
by HAL9000
Its A head and Shoulder if you graph the chart on a Daily BasisThe chart draw a head and shoulder pattern after inverted Head and Shoulder last February to April. Waiting for good News on GBP tomorrow. Since this is overbought, it needs to be breath around -15% to -50% (a nice entry for uptrend). beware of FED Announcement because this are main things that GBP become bearish. BREXIT is a bullish trend for this. Happy Trading. Notes: Sell on Good News and Buy on Negative news Buy on Rumors. If undecided. set your position every 4 hours. As a Derivative representative, I can't guarantee on your possible losses/gains in position.
Short
by Popoythegreat
Upcoming death cross signals potential bear marketLooking at the 100 and 200 day MA we can see that if Bitcoin's price doesn't keep rising that a bear market is imminent because the 100 and 200MA will form a deathcross. However, if the bulls loose keep their momentum then the way is clear for further price rise. While a Golden Cross is a well known technical indicator don't get too exited because it doesn't seem to work too well for bitcoin . As you can see last time the golden cross formed the market actually ended up crashing harder than before. I am going to play it safe and sleep in fiat. Full analysis: themerkle.com Update status
BITSTAMP:BTCUSDShort
by nulltxmark
GBP/AUD - Dominant Trend Reversal & Fibonacci Synchronicity The GBP/AUD pair has endured a powerful bear market since 2001, however, many correlating indicators are suggesting that we may be close approaching a confirmed pivotal change in the dominant trend. Our first major indicator was the cross of the 50/200 Exponential Moving Averages which occurred in January of 2014. The last time these indicators crossed was back in the summer of 2003 following a massive monthly head & shoulders pattern in 2001 at 2.95000. This "Death Cross" contributed to the acceleration of the bear market following the H&S topping pattern. We are currently witnessing an identical inverse scenario taking place as we transition into a powerful bull market. Taking a closer look we can see a 2 year descending triangle reversal pattern that formed from April 2011 - April 2013 with 1.4750 acting as the floor. Following the breakout of this impressive reversal pattern, we can take note of the 50/200 EMA "Golden Cross". Remember, the last cross of these EMA's was back in 2003; a solid 10.5 years ago. We have remained in a bull market ever since the most recent "Golden Cross" The recent price action has been exceptionally bullish; with this pair currently reflecting a massive bullish channel. This channel developed following a complex ABC pullback pattern that occurred after the "Golden Cross"; re-testing the 200 EMA as new support. Coming up to speed with last week, we had a massive bullish pinbar form at the key Support/Resistance level of 1.9000. This level acted as major resistance at the end of January 2014 which kicked off the ABC Pullback Pattern. We have now re-tested that 1.9000 level as support with a bullish pinbar that is indicating a new leg higher in this bull market. Utilizing our Fibonacci Tool, we are able to measure and identify that each new bullish drive off the bottom trend-line of the channel has occurred at the .618 Fibonacci Retracement of the previous up-move. Price then went on to target the 1.618 Fibonacci Extension with 100% accuracy. Keeping this in mind, the textbook price action of the last weekly pullback that ended with a pinbar reversal candle, point to the high-probability of the next bullish wave targeting the 1.618 Fibonacci extension at 2.07500. What makes this target even more appealing is the fact that the 50% Fibonacci Retracement of the last bearish leg down (measuring from the previous swing high at 2.7000 to the descending triangle lows) lies exactly at the 1.618 weekly extension at 2.07500. If this target is reached, broken, and re-tested as new support, this opens up the .618 Fibonacci retracement @ 2.22500 as Target 3. Last week's bullish pinbar provides us with the proper technical signal to enter a long position on GBP/AUD with 3 logical upside targets. Target 1 being the previous key resistance at 2.000 which triggered the most recent bearish pullback. Target 2 is our 1.618 weekly Fibonacci extension as outlined above. Target 3 is the .618 Fibonacci retracement of the previous bearish leg.
Long
by LoneWolfCapital
23