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Goldencross

A potential BTC price action rH&SWhen we look on a larger time-frame, foremost 1D, we can see more and more evidence that BTC moves with a channel, respecting the FIBO retracements. Also on a global scale we can see a reverses head and shoulder formation, that could lead to a short and rather rapid price explosion towards the uptrend. the RSI 13 illustrates that BTC returned from overbought to a normal level, expecting to retest or maintain top upper channel from 50 RSI 13 above. Recharging for a larger move. We also see that there is not much liquidity at higher price levels, hence the cohort of investors is not deciding to sale, but rather take profit and move some liqudity into the Altcoins, which pop-up. On a larger time frame we see a massive resistance at 27.5-31.5k, indicated with a red rectangle . The bitcoin seems to follow closely recovery from 2019 bottom, with a rapid uptake towards higher prices. Will this scenario play-out? This is a bit foreseeing but we see on the chart even more evidences for potential price speculation towards the uptrend. Important to highlight is the analysis of social sentiment: a large cohort of investors yet believes that this is a suckers rally, hence they do not participate in the market, but their belief may be invalidated when breaking out 25.3 and maintaining this regime, pushing them to loss aversion due to missing the opportunity (also known as FOMO). A confluence of: - The rH&S, FIBO extension - Massive volume resistance at arround 27-32k - VPVR at around 27-32 - Potential resistance line draw from the 2021 Mai ATH, that has been respected - On-chain analysis suggesting that the peak of the last bulllrun was in fact in Mai 2021 - On chain analysis, mainly aSOPR but also other parameters suggest a change in Investor's perception of the market towards the bull trend - Historic fractal pattern from 2019 bottom that has been a black swan event too - Golden Cross on 1D - PRice action multiply respecting the 50% retraction - MACD - STOCH RSI (not shown in analysis) This is surely a bet, but backed by several parameters that confluence. Good luck with trading
COINBASE:BTCUSDLong
by Dar00
1
Back to Basics video on examples of golden and dead crossoversCriteria for a dead crossover is that the short term moving average crosses below a longer term moving average while both are pointing lower. Criteria for a golden crossover happen when a shorter term moving average crosses above a longer term moving average while both are turning higher IN this example I have used a 55 and 200 day simple moving average. Disclaimer: The information posted on Trading View is for informative purposes and is not intended to constitute advice in any form, including but not limited to investment, accounting, tax, legal or regulatory advice. The information therefore has no regard to the specific investment objectives, financial situation or particular needs of any specific recipient. Opinions expressed are our current opinions as of the date appearing on Trading View only. All illustrations, forecasts or hypothetical data are for illustrative purposes only. The Society of Technical Analysts Ltd does not make representation that the information provided is appropriate for use in all jurisdictions or by all Investors or other potential Investors. Parties are therefore responsible for compliance with applicable local laws and regulations. The Society of Technical Analysts will not be held liable for any loss or damage resulting directly or indirectly from the use of any information on this site.
Education
by The_STA
4
BITCOIN and the Daily CrossThis is a continued post from The Desperate Push to 26k, the avoidance of the weekly death cross. Please review previous post before reading and boost/share for visibility. Simplifying the outlook, these are the only two things I am currently looking at. The Daily and Weekly, golden cross vs death cross. I'll take the shorter timeframe in this bout, so a golden cross on the daily to turn the death cross on the weekly around. To do this Bitcoin will have to move up from this range shortly to the 26k-30k range. The last 5 golden crosses on the daily have resulted in: 21,Sep,2021: 46k>68.5k 16,May,2020: 10k>64k 17,Feb,2020: 10k>market bottom 21,April,2019: 5.5k>13.7k 28,Oct,2015:$300>20k This is not financial advice. Please take this as an analysis only and trade on your own terms.
BITSTAMP:BTCUSDLong
by bishopknight
3
BTC VS TOTAL 1W - Pattern invalided? During Deathcross BTC creates first the cross then TOTAL During Goldencross TOTAL creates first the cross then BTC The last Goldencross now in February (2023) BTC created first the cross then TOTAL. Is the cross invalided? Furthermore the next levels are 9% to next Reversal Point. Price: $26780 The average of 35% (based on the 2 previous Golden Cross) gets us to $29200. Date Date. Days of. Price. Price Start End Type Differene Open Close Difference Market Days 1st 2nd 01/04/18 08/04/18 Deathcross 8 $6.808,00 $7.020,00 3,02% -5%. 8 BTC. TOTAL 19/04/19 24/04/19 Goldencross 5 $5.258,00 $5.416,00 2,92% 150% 63 TOTAL BTC 13/10/19 26/10/19 Deathcross 13 $8.280,00 $9.244,00 10,43% -37% 36 BTC TOTAL 14/02/20 18/02/20 Goldencross 4 $10.360,00 $9.684,00 -6,98% -53% 25 TOTAL BTC 25/03/20 02/04/20 Deathcross 8 $6.737,00 $6.751,00 0,21% 50% 46 BTC TOTAL 19/05/20 21/05/20 Goldencross 2 $9.800,00 $9.071,00 -8,04% 35% 95 TOTAL BTC 19/06/21 07/07/21 Deathcross 18 $35.767,00 $33.836,00 -5,71% -22% 38 BTC TOTAL 31/08/21 16/09/21 Goldencross 16 $47.116,00 $47.775,00 1,38% 36% 39 TOTAL BTC 14/01/22 23/01/22 Deathcross 9 $43.097,00 $36.224,00 -18,97% -19% 9 BTC TOTAL 07/02/23 13/02/23 Goldencross 6 $23.243,00 $21.780,00 -6,72% ONGOING BTC TOTAL
Long
by Sidi25_
DASHUSD golden cross; testing inv h&s neckline If it can sustain the golden cross then it should validate this inv h&s breakout and head to the $70 target. We can see it has already broke above the neckline once need to see it back above again and maybe close a weekly candle or 2 above it. On its way to the 70 dollar target it would create bigger inv h&s patterns/necklines along the way that would also most likely confirm a breakout from and lead to even bigger targets but we must take this one step at a time first….as of now we haven’t even confirmed this first one will breakout just yet. *not financial advice*
KRAKEN:DASHUSD
by DrDovetail
$BTCUSD Golden Crossed!!!Ok, I know there is A LOT of technicals out there, Fibonacci, moving average, pivots, Elliot wave, RSI volume, price volume, etc., However, one that is sorta high up on the priority list is the Golden cross (50 day moving average crossing above the 200 ma). Any technician knows about.. the flip side is the death cross. Well Bitcoin just golden crossed this morning. So that’s now, the Dow Jones (golden X’d in mid December), the S&P500 (golden X’d on Friday 1/27/23) and Bitcoin..the Nasdaq has not crossed yet.
BITSTAMP:BTCUSDLong
by jgeno
🟩 GOLDEN CROSS turns $100k to $72M 👇WHAT IT IS A Golden Cross occurs when the 50ma crosses over the 200ma. Having the 50ma above the 200ma is commonly considered a bullish market condition – and generally it is. Before we have looked at SPX Golden Crosses dating all the way back to 12/31/1928. BY THE NUMBERS How does the GOLDEN CROSS Compare against Buy&Hold from 1928 to 2023 👉 Golden Cross turns $100k to $72M 👉 Buy&Hold (SPX) turns $100k to $16M Annual Return % for Golden Cross 7.25% vs 5.57% on the SP500
SP:SPXLong
by TintinTrading
2
SPX / NQ - Bull confirmed (ok nothing is 100%)I wrote on Jan 18 that SPX had been looking "optimistic" technically as there were several factors favoring the bulls. After FOMC meeting yesterday, the bull case has now received further affirmation: 1. Both SPX and NQ are now above their 200 day moving averages 2. Both have broken above a long term trendline resistence 3. SPX is about to "Golden Cross" (ie 50day MA crossing above 200 day MA) 4. SPX has also broken above it's diamond shaped formation 5. Rotation has been back into tech stocks in the past week with Big Techs gaining solid ground Prior to this, I have mentioned several times that many stocks were forming basing patterns (rounding bottoms, inverse head and shoulder, Adam & Eve) etc. There were several false breakup at the beginning but lately there were more stocks that had golden crosses and with successful breakups. Many people were looking at the "tree" (in this case the indices eg SPX or NQ) but forgotten about the forest (a whole bunch of stocks which were exhibiting basing patterns, although they still took months to confirm a breakup). Forget the noise, trade the technicals. Keep things simple We could have pullback in the coming days, but as long we have higher lows or above the 50 or 200 day moving averages etc, the bigger trend is still up. Until these are negated, the risk-reward favor the bulls right now. p/s not saying to jump blindly into stocks right now (if you haven't done so) but look for those with good entries (either momentum breakup or buying the dips for stocks already trending). Disclaimer: Just my 2 cents and not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance and don't forget that money management is important! Take care and Good Luck!
SP:SPXLong
by Juliac
1
BBY - emerging uptrendConfluence of factors to support this view: 1. golden crossed on 4Jan23 2. 200 day MA is now flattening out 3. beginining to break out of a 2 month sideway consolidation (>86.89) It is possible that the stock could dip back briefly into the consolidation range in the near future but we are likely to see a higher low should this happen. Disclaimer: Just my 2 cents based on pure TA and not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance and don't forget that money management is important! Take care and Good Luck!
NYSE:BBYLong
by Juliac
CDAY - on the verge of trending up?CDAY had been basing since hitting low on 16 June 2022 (7 months now). It formed a Golden Cross on 17Nov 2022 (2 months+ ago) but continued to trade flip flopped within a sideway range while it's 200 day moving average began to flatten out. With it's 200 day MA having shifted from a downtrend to a flat line, the odds have increased for start of a sustainable up trend in the near future esp when it can start trading above it's last recent hi @ 73. Let see! Disclaimer: Just my 2 cents and not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance and don't forget that money management is important! Take care and Good Luck!
CLong
by Juliac
LTC inv h&s appears to be validating; golden cross soonUnlike the tezos, and algo inv h&s patterns which ended up being takeouts and have now been nullified, the ltc inv h&s seems to still be legit and is currently attempt to validate its breakout. We can also see it is just 1-3 daily candles away from its golden cross adding bullish confluence to this breakout. The breakout target had to be readjusted slightly lower than the original target because price action dipped back below the neckline. The new target is $91.79. I will put a link to the previous litecoin idea about this inverse head and shoulders pattern below. *not financial advice*
COINBASE:LTCUSD
by DrDovetail
2