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Deathcross

BTC - Trend Line Support BrokenBTC is looking a bit bearish for the next few weeks. The current trend line support was broken, and the next level of support is around $34.5k. With the impending Death Cross coming in a few days, I'm predicting a bearish market for the next few weeks. According to Kraken’s research, the previous instances of death crosses on the daily chart coincided with “either a sell-off in the days that followed or a continued macro downtrend that confirmed a bear market.” Death Cross
COINBASE:BTCUSDShort
by thedjhenny
3
BTC Bull Run turning into Bear Trend (Death Cross), or what if?End of bull trend? These last few days we see more and more people talking about the upcoming Death Cross on the Daily BTC chart and the "2019 fractal" as you can see here below: A Death Cross indicating the end of a strong bull trend. In turn the start of consolidation/correction or even a longer lasting bear trend. Following the explanation of a Death Cross (Golden Cross) on Investopedia these are the most important takeaways: - A golden cross suggests a long-term bull market going forward, while a death cross suggests a long-term bear market. - Either crossover is considered more significant when accompanied by high trading volume. - Once the crossover occurs, the long-term moving average is considered a major support level (in the case of the golden cross) or resistance level (in the instance of the death cross) for the market from that point forward. - Either cross may occur as a signal of a trend change, but they more frequently occur as a strong confirmation of a change in trend that has already taken place. BUT, what if...? I'd like to add another interesting fractal to the discussion. The 2020 August-September fractal. NOTE: different timeframes. First of all the top consolidation of the price is pretty similar to the price action we saw the last four months for BTC on the daily chart. Additionally the RSI shows similar movement and levels at several moments in time when comparing both. The only thing which differs is the run up to the top price levels which is pretty steep in 2020 compared to Feb 2021. Then considering the Death Cross situation. (Im using EMAs here) We must admit the higher the timeframe the more significant a situation is. To get the best comparison we found the 8H TF reflects the current situation in the best way. Price dropped and started to consolidate. For the first time now price made a local higher high and right at that point the cross is about to happen. Where will this lead to? So now lets look what happened in 2020 (as we all know of course) and lets project that to the current situation in order to follow the potential continuation of the fractal. First if we follow the price action it will look something like drawn by the yellow brushed line. It might not follow it that strict but sideways choppiness is definitely very much possible until the end of the summer. Also the pullback to 49K~ish aligns with the 0.618 fib pullback level of the latest drop. Second following the EMAs, which did cross several times, price bouncing around it but no bear trend started there. Finally, if we look into the future where would the target of the fractal end? - Following the increase in price of 53K, BTC would get to around 93K. - Following the increase in percentage of 497%, BTC would get to around 240K. No guarantee whatsoever of course. The main thing I wanted to show here is that if and once we do a pullback of the downward move up to 49K, even if we get rejected again and drop down to current price levels, the market still doesn't have to be in a multi year bear trend yet. ————— Do Your Own Research (of course) Trade at own risk (of course) Only trade what you can afford to lose (of course)
by MattieDsCryptoLounge
7
Bitcoin Death CrossIt's happened before and it's about to happen again. Let's take a poll — I'll tally up the results if enough of you reply and we'll see who's got the best predictions/strategies for this "special" event. 1. By how much will the price of BTC drop (if any)? 2. Have you sold your positions, plan to, or are you hodling? 3. Is the "death cross" really relevant for crypto? 4. Anything else you want to add, wisdom, etc? Thanks for reading... until next time, cheers! COINBASE:BTCUSD
COINBASE:BTCUSD
by ParityError
16
$BTC #Bitcoin Death Cross CountdownThis indicator show's the estimate of the Death Cross that could occur on or around the 19th June. What we want and need $BTC #Bitcoin price to rally and go above the $46k price level or even better the $54K and soon. Keep and eye on this chart as we are not far off the estimated date of the #DeathCross. The bottom has red circles which has already been showing which indicates a warning the Death Cross is near. This indicator shows both the Golden Cross & Death Cross with alerts to your phone or email. I have provided a link to the Death Cross and golden Cross to view below:
by HybridTraderX
2
Bitcoin death crossWith the talk of a death cross coming for $BTC let's look back at what has happened on previous occasions (how long until golden cross & the largest % drop post death cross): • April 2014; 94 days until golden cross; -25.09% 2 days after cross • September 2014; 314 days until golden cross; -67.91% 132 days after cross • September 2015; 43 days until golden cross; -3.5% 7 days after cross • March 2018; 388 days until golden cross; -54.35% 259 days after cross • October 2019; 115 days until golden cross; -30.56% 53 days after cross • March 2020; 57 days until golden cross; -13.48% 2 days after cross Ultimately the Golden and Death crosses are a nice talking point for financial outlets to talk about, but the major move likely would have taken place before the cross, and the cross itself has no bearing on whether we'll settle into a bear market.
BITSTAMP:BTCUSD
by FibnFork
Last BTC Death Cross NotesWhen was the last time BTCUSD experienced a death cross? - March 2020 What happened after in terms of price movement? Initial sell off (-16%) in the days immediately following the death cross (algos? twitter?), then BTC rocketed 25% over the same span of days, before more than 2xing over the next 4.5 months... What would the price be if we followed the same percentage moves? Initial sell off: Approx Current BTC Price $40,000 - ($40,000 * 0.16) = $33,600 25% rebound: $33,600 * 1.25 = $42,000 Approx 110% move: $42,000 * 2.1 = $88,200 BTC to $88K by November???
BYBIT:BTCUSD.P
by Itadori_eth
7
BTC/USDT DEATH CROSS (I am not doing anything)BINANCE:BTCUSDT TF 1D Sometimes Lazy is good, We rode that 31K you saw our previous Chart. Yet to admit I really acted like a whale getting greedy to the Death cross momentum and get the 20WEEK MA be Gold Cross for everyone not just for me and for you as well. Open your eyes it is being fished we are fished by whales. Why not let the whales vs whales... Let sit at the bottom of the ocean floor and buy the whale that will crash. Let's not fight it. REMEMBER WE CAME FROM THIS TO HERE WHERE WE AT SITTING WHERE THIS DEATH CROSS; it's Inevitable! 15/6/2021 > G7 Leaders Ask Russia to Urgently Identify Those Who Abuse Cryptocurrency in Ransomware Attacks. > Experts: Regulatory Uncertainty and Slow Embrace Hampering Crypto Growth in Kenya. Here > Crypto Not a ‘Viable Investment,’ Goldman Sachs. > Johannesburg Stock Exchange Rejects Bitcoin ETF Application, Cites Lack of Regulatory Framework. > MicroStrategy could hold more than $4B in Bitcoin after latest private offering and crypto purchase. > Bitcoin price hits $40K as Paul Tudor Jones slams Fed inflation claims. > Lack of crypto regulations alarming, says Italy's stock market regulator. > Bitcoin sell pressure may hit zero in July thanks to Grayscale’s giant 16K BTC unlocking. > China debuts blockchain-based digital yuan salary payments in Xiong’an. > Korean banks will need to classify crypto exchange clients as ‘high risk’. > Paul Tudor Jones on the Fed, Inflation and Why He Recommends 5% in Bitcoin. > Bitcoin Remittances to El Salvador Surge 300% Ahead of BTC Becoming Legal Tender. > New Zealand already had a bank recognize to accept El Salvadors National Currency (btc) as an act of now waging war against them. > Elon musk is operated by his own company. He is what he is and he does what his company needs, getting the news out and riding the obvious and claim he did it, and he caused that major movement at the market. (we know he did not) > French Football Federation launches official player NFTs with Sorare. Psych : they will use FUD to really push that price down until they fill in the depression stage where whales will be profitable on that death cross. It is programmed to happen and it must, to call it a healthy market. Tendency small to mid hands like you and me are making ways to snipe that cross and call for a short. Sometimes doing nothing is the best thing to do. start selling your spot 50% incase you got left out at the top use your investment and 50% you sold to buy that efing DIP... in anycase still that is just how I always do it and it is aggressive and safe at the same time. Going High risk to security stage putting stop loss even at spot. Auto selling this coins using tools that I use like coin panel.
Short
by PuyatanHoldings
14
Bitcoin Death Cross (Should we be concerned?)The death cross is when the 50 day moving average crossed DOWN through the 200 day moving average. In this chart you can see this has happened 6 times. Here were the results after each death cross. Date Percentage loss Days 4/9/14 18% 1 9/4/14 62% 132 9/14/15 2% 7 3/31/18 54% 260 10/26/19 48% 139 4/12/20 12% 4 3 out of the six time the lowest Bitcoin got from the death cross was less than 20% and with in the first week then it recovered. The other 3 times it lost over 40% from the death cross and it took over 130 days to reach the low. Moral of the story is if we do hit anther death cross we have a 50/50 chance of it not being a big deal. But if we do end up in a bear trend it might be a good time to think about HODLing for another year. What does everyone else think? ~@Controllinghand @HODLhands
BITSTAMP:BTCUSD
by controllinghand
1
BTC Death Cross NearingThough I hate to say it, BTC seems to be nearing a Death Cross (when the 50MA crosses below the 200MA) on the daily chart. This is one of those super classic moving average (MA) strategies that finds it way in most intro to technical analysis books and honestly a lot of people trade it. I would expect volume to start rolling in as these two MAs keep inching towards each other. Bulls are desperate to prevent further blood loss and the bears are eager for follow through. Also, note the potential bear flag formation that pushed price action below what was a major Support Level and the 200MA. A rejection here will confirm that support has now become resistance. There appears to be some general confluence in favor of the Bears . If the Bulls really want to turn this ship around then they will need to regain $40k at the least. What are your thoughts? Where do you see BTC going? BITSTAMP:BTCUSD
BITSTAMP:BTCUSDShort
by DowTherapy
1
TELUSDT 📞 on the 4 Hourly UPDATE*NOT FINANCIAL ADVICE: DYOR - This idea IMO for personal use only* ========================================================= An update from my last chart dated 26th May: Have updated chart with: 🔸fibonacci confluence zones, 🔸added 21 EMA, *note we had a few close under this EMA on the daily 🔸added Golden and Death cross indicators 🔸added the ADX / DI indicators. My strategy is still to buy and hold. I also have some laddered buy orders in place for a lower anticipated dip approx 3rd week June (around 14th - 20), which is indicated with X at $0.02 and $0.015. Nothing but excellent news all round from TEL this week, in reflection: TEL V2.3 was launched ✅ Users in Canada can now send digital remittances to 24 mobile currency platforms in 16 countries ✅ Am still extremely bullish on TEL!! Why? 🔹 Already in the top 10 best performing cryptos for 2021 after the crash 🔹 Anticipating further amazing results in the lead-up to the launch of V3 🔹 Increased exposure with recent listings on other exchanges 🔹 Increased publicity and leading the way now the Nebraska Legislature to create crypto & digital asset bank framework is now signed into law. 🔹 Solid roadmap for the rest of this year 2021 At the time of charting this, TEL ranks at #57 on coinmarketcap which is down 4 since my last update. As always, watch for volume. Do your own research. This is not Financial Advice. Always be watching BTC. Good chat.🤖 History - My previous chart 26 May: My previous chart 25 May: My previous chart 5 May: My previous chart 14 April:
by CryptoZani
BTC - Weekly Elliot Wave FormingLooking at the Weekly charts, you can see a textbook Elliot Wave beginning to form. Wave 1 was the bull market before COVID. Wave 2 was the COVID crash. Wave 3 was the bull market that took us towards 65k. Wave 4 is what we're experiencing now. My guess (and hope) is that somewhere between $20-30k will be the bottom of our 4th wave. With the impending Death Cross coming in about a week, I find it hard to believe that we won't see a dip to at least $28k. The 5th wave is very hard to predict, but I'm hoping to see a push towards $100-150k before Summer of 2022. Be safe.
COINBASE:BTCUSDLong
by thedjhenny
2
Does The Death Cross Really Matter? (Amazon & Bitcoin)This is inspired by TradingShot's recent post (love their analysis). They posted all the instances of the daily death cross in Bitcoin's price history. For those who aren't aware, the death cross occurs when the 50 day moving average crosses below the 200 day moving average. If Bitcoin doesn't move well above $50k in the short-term, it's likely the death cross will occur relatively soon. The name is scary, of course, but just as the media tends to put forth bearish articles when price is doing poorly (since more people engage with content that confirms their bias), the death cross can simply be something that tends to occur when price stagnates or moves lower for a little while. Essentially, it could be meaningless. I'm convinced sentiment and psychology are a lot more important than indicators such as Moving Averages (especially on the daily timeframe ). When I first started writing analysis, I didn't even include MA's at all. I began including them because I eventually realized how trading bots and algorithms use them to their advantage. And they do seem to be useful on bigger timeframes, such as the weekly and monthly. Anyway, I keep thinking about how everyone is using past Bitcoin price action to determine current probabilities....but there are signs Bitcoin is maturing as an asset. In this case, I look at other assets that have matured (or solidified) over time. Take Amazon stock, for example. Prior to 2010, AMZN had 6 death crosses on the daily chart . 2 of them resulted in bull traps, while the other 4 indicated immediate new lows. 1. 5th August, 1999 - close of $48.63. Price declined to $41 a few days later before the bull trap to second peak of dotcom boom at $113. Selling at that death cross, and you'd have to sit on your hands. 2. 15th March, 2000 - Decline from near $63.75 to $5.51 on 1st October, 2000 (over 90% drop). 3. 24th March, 2004 - took a year to decline from $39 to $31 (less than 25% drop). 4. 9th March 2006 - Decline from $35 - $26. 5. 28th February 2008 - Short-term decline from $67 - $60ish before a bull trap to $90 in August 2008. 6. 14th October 2008 - Decline from $55.86 to $34.68 in November 2008 (bottom of financial crisis). Since then, there have been 7 more death crosses for AMZN . None of these produced any extensive bearish period. If you sold at 3 of those death crosses, there was no opportunity to buy lower afterwards. Even after the 4 that resulted in price declines, it would have been difficult to time the bottom, since ONLY ONE of them resulted in a decline of more than 10% (December 2018), making selling largely pointless. 1. 8th July, 2010 - The low had already been set a few days earlier. Closed at $116 and the golden cross occurred in September, when price was $150. Never saw such low prices again. 2. 29th December, 2010 - this death cross marked the exact low near $167. 3. 2nd May, 2004 - Close of $308. This is one case where price headed lower shortly thereafter, heading to the bottom of $284 a week later. 4. 28th March, 2016 - close near $580. Price was in an uptrend and continued afterwards. Golden cross three weeks later. 5. 12th December, 2018 - $1663 close, price dropped to a low of $1307 by Christmas Eve for the bottom of the tech capitulation. 6. 10th October 2019 - close at $1720. Golden cross in Feb. 2020, right before the COVID crash. AMZN dropped to $1626, so I suppose this one worked out as well, though the decline was less than $100. 7. 19th April 2021 - close at $3372, Golden cross just 10 days later, BULL TRAP to a low of $3127. Price is now almost back to what is was on the day of the recent death cross. What does this all mean? It's possible that MA crosses don't matter so much on the daily timeframe once long-term confidence in an asset has been established, and particularly once institutions become involved. They may only indicate a temporary slowdown of momentum (or may simply be a result of momentum that has already slowed). Selling at death crosses in the first 10 years of Amazon would have given some pretty great swing trading opportunities, but this changed significantly in the next decade, as Amazon established itself as the behemoth it is today. This is likely because when it was a young asset there was a lot more uncertainty. Buying the dip wasn't necessarily a "given." Will that change with Bitcoin? We'll see. Now let's look at Bitcoin Death Crosses 1. 27th December, 2011 - Close at $4.80, decline to $2. 01 in November. 2. 9th April, 2014 - close near $440, declined to near $346 over the next two days. Then price rebounded above $600 over the summer (this was a bull trap). 3. 5th September, 2014 - $480.52 close, eventual decline to $163.88 (bear market bottom on 14th Jan. 2015). 4. 14th September, 2015 - close near $230. Price briefly dropped a few dollars lower over the coming days but basically moved up from there. Good place to buy. 5. 31 March, 2018 - Close at $6925 before short squeeze to near $10k in May. Only a good place to sell if you had the patience to wait until later in the year. The next golden cross was a year later near $5500. Waiting for that cross didn't give you a huge discount. 6. 26th March 2020 - Close at $6764. Price briefly headed sub-$6k over the coming days, but that was pretty short-lived. This was a good buy-in point. Even with Bitcoin , it's not always a surefire thing. And just as with Amazon, the worst declines after the death cross occurred were within the first few years of its existence. If Bitcoin and crypto are to continue solidifying their presence in global markets, and as assets, we might consider the possibility that the daily death cross doesn't mean much at all, aside from simply confirming that bullish momentum has been lost in the short term. This is not financial advice! Just something I noticed. This is meant for speculation, education, and entertainment only. -Victor Cobra
BITSTAMP:BTCUSDLong
by VictorCobra
15
BTC PPV Fight - 50 Day MA vs 200 Day MAThis is the MAIN EVENT OF THE EVENING! Presented by Bulls, Bears, Whales, & Leverage. Our three judges scoring this contest are.. Elon Musk, Michael Saylor, & Satoshi Nakamoto. And NOW, Ladies and Gentlemen of TV, this is the moment you and the degenerates around the world have been waiting for! LIVE from my wife's boyfriend's basement, IT'S TIME! INTODUCING first, fighting our of the white corner, weighing in at a current weight of $45,600, the 50 DAY MA! INTRODUCING the CHAMPION, fighting out of the pink corner, weighing in at a current weight of $42,120, the 200 DAY MA!
COINBASE:BTCUSD
by TheMaelMan
1