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Deathcross

The dreaded death cross and a bearish pennant flag - What next? If you go back in AMD's chart, the golden and death cross has historically been a pretty good indicator to follow, and today, the death cross occurred, right below the pennant. While this may seem bearish, Id wait another couple days to make a trade because AMD just hit a looong support line ( A support trendline thats held for nearly 4 years (its that green line)). This could go two ways now, the bears win and that support turns resistance OR the trendline holds and this was just a fakeout. Tell me what you think (The results probably very largely dependent on their earnings report on 27th, which might be not be too great cos of the semiconductor shortage plaguing everyone) Thanks for reading, ask me anything and ill definitely respond - Hit that like button and follow me for more like this, itd mean a lot :) __________________________________________________________________ For anyone new to TA, Ive decided to explain any terms I use, just in case it helps someone - A death cross is when the 50 day MA moves under the 200 day MA (bearish) A golden cross is the opposite, its the 50 day MA moving over the 200 day MA (bullish) The pennant flag is that thing I drew in blue, its a pattern that when you draw over, it kinda looks like a pennant hanging on a flagpole, when its upside down its bearish and when its straight up its bullish
NASDAQ:AMD
by ReedusFeleedus
1
Death Cross Chart Pattern - GoldA death cross occurs when the 50-day moving average crosses below the 200-day moving average. In addition we can observe the weekly EMA ribbon directly on support: Occasionally this is a setup, but if price falls below the ema ribbon that is considered very bearish - particularly on a weekly time frame. Additional Clarity offered on the death cross here: This death cross indicates, according to technical analysis, that the short term trend (50day) has fallen under the long term trend (200day). Treasury Yields are indicating the dollar may rise higher, and as those of us who have been observing the increase in the US Dollar see - a bullish DXY is a bearish signal typically for gold. The 10Y hit its highest level today since Feb of 2020 (which was pre-covid mania) This is because owning bonds offering a yield is preferable vs a commodity that does not offer yield. The Yield in Treasuries is direct competition with gold - along now with the new powerhouse on the block Bitcoin. Keep in mind as well that an ounce of gold now costs .03~ bitcoin! Chart will be provided below. It is also worth stating that Bitcoins market cap is now $975.2B. If we exceed $1.5T Bitcoins market cap will have surpassed silver which one could then assume the next runup will be targeting superseding Golds dominance. The other issue gold has to contend with is optimism from the broader market that as the nation opens back up, and consumers flush with cash we may see, and hopefully so, a broad economic recovery. The irony, and a strength for gold though is that the formula for inflation is M2*V=inflation. We all know that M2 has gone significantly higher, unprecedently higher. Velocity has been more than muted, it has been crushed. I would argue (and may get some counterpoints shooting me down, and I welcome the debate) that as the nation opens back up, we will see an increase in spending and activity and dare I say traveling and vacationing, home improvements, acquisitions of new homes to take advantage of low rates - which will heat up the economy & increase velocity. If velocity increases enough we could see a nice pop in inflation - not calling for hyper inflation, but even a conservative pop could work wonders for gold. Keep in mind that retail sales increased 5.3% in January which is indicative that those stimulus checks are indeed being put to work. www.marketwatch.com Pivot Points for Gold Targets: There is a lot to weigh out when one considers longing gold, but for now gold appears to be in a position where the gold bears have taken over, and the gold bugs are fighting for support. If you enjoy this chart please be sure to like it! If you see things differently I respect your opinion and would love to learn from it! Please be sure to comment and tell me why I may be wrong. And as always friends I wish you nothing but good fortunes and great success!
OANDA:XAUUSD
by ZenMode
89
Hoist The Jolly Roger BTC/USDT #Bitcoin $BTC #BTC Here we see our Bitcoin 2 hour chart . Can you see that red X on the chart ? Well, X marks the spot where we may see a Death Cross happening very soon . A Death Cross is when our light blue 50 MA crosses down and through our dark blue 200 MA . This should bring downward price movement. It's a very bearish event - though keep in mind this is the 2 hour chart . While it's hard to know how low this can go it wouldn't be impossible for Bitcoin to actually go sub 50k here . Please understand we are still long-term bullish for the rest of the year even if we see more pullback on Bitcoin. This will also be great for altcoins which could see a little altseason starting soon.
by shimmeringpath
AMD update: potential path based on technical analysisNo death cross on the daily chart. The stock has significant support at the $73.90 level. Most recent resistance at the $87.10 level. 4H Chart Looking Bearish Short-term but on the verge of a reversal back into bullish sentiment. We'll see how this plays out with stimulus just being announced with the backdrop of a global semiconductor shortage. It could be choppy, be careful. There could be some chop while the chip shortage is resolved and the tech sell-off finishes, but this should be a good medium-term trade/investment to start building a position in. Buy under $80. Price Target $100-115 Stop Loss $70.
NASDAQ:AMDLong
by EBITDAtiger
2
The Golden Cross Against The Death CrossThe Golden Cross Against The Death Cross What is a simple moving average? A simple moving average of the price is a mathematical method by taking the sum of the price in the timeframe you decided to use and then divide that by the total number of the price you decided to use. An exponential moving average of price places more weight on recent price. What is a Golden Cross? A Golden Cross is when the 50 units moving average crosses above the 200 units moving average. Predictability of a Golden Cross? Usually Bullish What is a Death Cross? A Death Cross is when the 50 units moving average crosses below the 200 units moving average. Predictability of a Death Cross? Usually Bearish Thank you for reading! Greenfield Disclosure: I am not a financial advisor. This is not a recommendation, not a representation, and not a solicitation. You should do your research and come to your own decision. Investment involves significant risks. You need to understand that you may lose your money. Past performance is not an indication of future performance. Chart reading is subjective information.
NYSE:NIOEducation
by GreenfieldAnalysis
2
Death Cross in Gold Miners as Bitcoin DoublesWe cited the bullish potential in gold prices late last year. This played out as expected, but there hasn’t been any follow-through. Now some bearish patterns are taking hold. This chart shows the downward trend line in the Market Vectors Gold Miners ETF. Notice how the latest rally tried and failed to push above it. Next is the rising channel in place since late November as GDX clung to the 200-day simple moving average (SMA). That pattern is starting to look like a bearish flag, with the potential for a breakdown if the late-December lows give way. Third, notice how the 50-day SMA just slid below the 200-day SMA. That’s a bearish “death cross” pattern. Even more things are happening off the chart than on it. After all, the U.S. dollar feel steadily in November and December. Gold’s inability to rally with that favorable backdrop is potentially bearish. Next, the greenback is showing signs of bottoming. If it were to keep bouncing, that could also hurt gold. Finally, Bitcoin doubled in price between December 15 and January 8 as GDX did nothing. BTC’s relative strength, combined with the drumbeat of institutional adoption, suggests a real sea change is taking place before our eyes. The next few months could be important in the history of money! TradeStation is a pioneer in the trading industry, providing access to stocks, options, futures and cryptocurrencies. See our Overview for more.
AMEX:GDXShort
by TradeStation
1