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Deathcrossover

XAUUSD reverses to bearish bias SHORTXAUUSD on a 120-minute chart is showing moving averages slowly converging into deth crosses and the dual time frame RSI indicator of Chris Moody forecasted the move with bearish divergence starting March 8th. I have closed my long positions in gold and silver and crossed the aisle to take short positions . My target for XAUUSD is down to 2085 which is the middle of the Fibonacci level from the prior uptrend. A predictive model based on Gaussian regression lines by Luxalgo is showing a blue downtrending line for the remainder of the week with a potential hihg pivot from which to take the short entry tomorrow.
OANDA:XAUUSDShort
by AwesomeAvani
📉 The "Death Cross" PatternDeath Cross, 5 Key things to watch The "death cross" is a market chart pattern that occurs when a short-term moving average falls below a long-term moving average, indicating recent price weakness. It is often studied using the 50-day and 200-day moving averages. The death cross pattern is more reliable when confirmed by other indicators such as high trading volume or momentum indicators like the MACD. These indicators can help confirm that a major trend change is occurring. 🟠 The Death Cross (convergence of moving averages) is a strong indication of a sell-off 🟠 If volume increases after the Death Cross, the downward trend is likely to strengthen 🟠 If price is above moving averages, strong volumes may be needed to suggest a turnaround 🟠 If price is below moving averages, the selling pressure is likely to be severe and any upward corrective moves will face strong resistance 🟠 The first sign of selling pressure weakens as moving averages start to turn upward 👤 @AlgoBuddy 📅 Daily Ideas about market update, psychology & indicators ❤️ If you appreciate our work, Please like, comment and follow ❤️
Education
by QuantVue
5
What does the death cross mean for investors?Hello Hello Traders , Please if you like the ideas, don't forget to support them with likes and comments thank you very much. Here we go , I want to talk with yours about Death Cross. Defination, Indicates a major trend reversal in a stock and index. It allows traders to see long and short-term trends and predict whether prices will enter a bearish phase. How about death cross stages? Step 1 , The buying of the investment vehicle should decrease and the rise should end. Afterwards, the number of sales people should gain the upper hand in the market and reduce the price. Step 2 , It occurs as a result of the short-term average falling below the long-term average. The 50-day moving average falls below the 200-day moving average and retraces to the Death Cross point. The fall of the 50-day average initiates a long-term decline in the market. Step 3 , The downward price decline accelerates and we can assume that there is actually a death cross here. When we look Our Chart , I examined a death cross of BTC-USDT formed 19 November. Orange circle , As you can see on the chart on July 19 Nov, the 50 -day bitcoin average cuts the 200-day average from up . At this stage, we see that the BTC-USDT value has decreased with the high selling. The Death cross Intersection pattern increases the selling pressure. In this case, the share price may remain below the expected for a month to a year. Conclusion, With the Death Cross, it is predicted that the investment vehicle will be in a downward position in the long run. But if the investment tool breaks the decline in the short term and starts to rise again, the Death Cross may not be realized. It is necessary to look at the trading volume of the Death Cross. If there is a high transaction volume, the transaction is reliable. High trading volume indicates that investors are selling. I really hope it will be useful for you. Make big profits!
Education
by vf_investment
4
BTC-USD(Bearish Pennant Breakdown)After a brief consolidation in the last two weeks, BTC opened this week with negative sentiments. BTC formed a Doji candlestick on the weekly TF which depicts that market participants are currently in a state of indecision. At the time of writing, BTC is already down by more than 7% on the weekly basis. On the downside, BTC is trying to sustain above its 50-WEMA which is placed at $33.4K, however, if we get a decisive closing below this level, the next significant support is present at $30K as 0.618 Fibonacci retracement level is present here, followed by the next major support at $27.7K On the higher side, BTC is not able to close above its 0.50 Fib retracement level, present at $37K on the weekly basis, however, if we get a breakout from this level, the next resistance is placed at $40K followed by $43K. On the Daily TF, BTC has already given a breakdown from its bearish pennant formation and broke its ascending trendline support, along with a death crossover, which depicts selling pressure is most likely to continue in the coming sessions. Daily RSI has also broken its ascending trendline which also signals bearish sentiments.
COINBASE:BTCUSDShort
by TradeDog-Research