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Deathcross

Bitcoin's Range MovementPlease leave a LIKE and COMMENT if you like the analysis. Yesterday's decrease caused the price to fall back within the $7150 - $6650 trading range. While it initially found some support above the midpoint of the range, it fell below afterwards. The bearishness is strengthened by the possible bearish cross between the 50- and 200-period moving averages (MA), otherwise known as a death cross.  An almost identical movement occurred on April 11. The price had increased above the resistance of the range, only to fall back inside it shortly afterwards. After the death cross occurred, the price moved upwards all the way to the resistance line, only to drop sharply afterward.  If the same movement transpired this time around, the BTC price would increase and touch the resistance line only to fall towards support afterward.
by BitcoinMaximus1
2
Bitcoin 2D Golden/Death CrossesBitcoin 2D (Golden/Death) Crosses case study shows that after these crosses, price action will test one or more EMAs to confirm the cross and Bots & Algos. Will it happen again this time? With every 2D Candle close, the momentum between EMA200 and EMA55 becomes stronger to the downside. Meanwhile, Bitcoin could test the 2 EMAs but the change of behavior is when a candle closes above EMA200. So as long as BTC is below EMA21, I am Bearish. but if a candle closes above EMA200 ( fake the death cross ) - based on PriceAction - I become Neutral or Bullish.
BITSTAMP:BTCUSD
by rhawshemi
Ascending Triangle or Head & Shoulders?On the RSI there's a H&S patter so visible if I need to draw it I'm not sure you're familiar with a Head & Shoulders pattern. What Is A Head And Shoulders Pattern? A head and shoulders pattern is a chart formation that resembles a baseline with three peaks, the outside two are close in height and the middle is highest. In technical analysis, a head and shoulders pattern describes a specific chart formation that predicts a bullish-to-bearish trend reversal. The head and shoulders pattern is believed to be one of the most reliable trend reversal patterns. It is one of several top patterns that signal, with varying degrees of accuracy, that an upward trend is nearing its end. Key Takeaways A head and shoulders pattern is a chart formation that resembles a baseline with three peaks, the outside two are close in height and the middle is highest. A head and shoulders pattern describes a specific chart formation that predicts a bullish-to-bearish trend reversal. The head and shoulders pattern is believed to be one of the most reliable trend reversal patterns. What Does The Death Cross Tell You? The death cross occurs when a short-term moving average (typically 50-day SMA ) crosses over a major long-term moving average (typically 200-day SMA ) to the downside and is interpreted by analysts and traders as signaling a definitive bear turn in a market. The opposite of the death cross occurs with the appearance of the golden cross, when the short-term moving average of a stock or index moves above the long-term moving average. Many investors view this pattern as a bullish indicator. The golden cross pattern typically shows up after a prolonged downtrend has run out of momentum. As is true with the death cross, investors should confirm the trend reversal after several days or weeks of price movement in the new direction. Much of the process of investing by following patterns is self-fulfilling behavior, as trading volumes increase with the attention of more investors who are driven in part by an increase in financial news stories abut a particular stock or the movement of an index. Limitations Of Using The Death Cross All indicators are “lagging,” and no indicator can truly predict the future. Once & while a death cross can produce a false signal, and a trader placing a short at that time would be in some near-term trouble. Despite its apparent predictive power in forecasting prior large bear markets, death crosses also do regularly produce false signals. Therefore, a death cross should always be confirmed with other signals and indicators before putting on a trade.
TSX:CRON
by ScotianBot
Weak signals on GBPUSDWe have recently seen a massive dip in GBPUSD price, followed by a big increase in price, making GBPUSD very volatile, what I would expect after this big increase in price is a slight pullback to the next important support level . I'd keep an eye out as this is quite the good short in my view, as we clearly have weakening volume and candles, and I would expect people to start closing their longs soon. A death cross will help confirm this. Feel free to leave feedback and if you have any questions don't hesitate to contact me through discord or telegram linked in my signature. Here's a longer term view of my resistances/support cheers, tonite
by tonite
2
Bull Flag or Descending Triangle. What Does The Death Cross Tell You? The death cross occurs when a short-term moving average (typically 50-day SMA ) crosses over a major long-term moving average (typically 200-day SMA ) to the downside and is interpreted by analysts and traders as signaling a definitive bear turn in a market. The opposite of the death cross occurs with the appearance of the golden cross, when the short-term moving average of a stock or index moves above the long-term moving average. Many investors view this pattern as a bullish indicator. The golden cross pattern typically shows up after a prolonged downtrend has run out of momentum. As is true with the death cross, investors should confirm the trend reversal after several days or weeks of price movement in the new direction. Much of the process of investing by following patterns is self-fulfilling behavior, as trading volumes increase with the attention of more investors who are driven in part by an increase in financial news stories abut a particular stock or the movement of an index. Limitations Of Using The Death Cross All indicators are “lagging,” and no indicator can truly predict the future. Once & while a death cross can produce a false signal, and a trader placing a short at that time would be in some near-term trouble. Despite its apparent predictive power in forecasting prior large bear markets, death crosses also do regularly produce false signals. Therefore, a death cross should always be confirmed with other signals and indicators before putting on a trade. Possibly Bull Flag or Descending Triangle as well, outlined in dark Green.
TVC:DJI
by ScotianBot
The Difference Between A Death Cross And A Golden Cross?What Does The Death Cross Tell You? The death cross occurs when a short-term moving average (typically 50-day SMA) crosses over a major long-term moving average (typically 200-day SMA) to the downside and is interpreted by analysts and traders as signaling a definitive bear turn in a market. The opposite of the death cross occurs with the appearance of the golden cross, when the short-term moving average of a stock or index moves above the long-term moving average. Many investors view this pattern as a bullish indicator. The golden cross pattern typically shows up after a prolonged downtrend has run out of momentum. As is true with the death cross, investors should confirm the trend reversal after several days or weeks of price movement in the new direction. Much of the process of investing by following patterns is self-fulfilling behavior, as trading volumes increase with the attention of more investors who are driven in part by an increase in financial news stories abut a particular stock or the movement of an index. Limitations Of Using The Death Cross All indicators are “lagging,” and no indicator can truly predict the future. Once & while a death cross can produce a false signal, and a trader placing a short at that time would be in some near-term trouble. Despite its apparent predictive power in forecasting prior large bear markets, death crosses also do regularly produce false signals. Therefore, a death cross should always be confirmed with other signals and indicators before putting on a trade.
TSX:WEED
by ScotianBot
Sequential Bottom. Death cross-50,200 day MA. Retest Imminent What most people are overlooking is the 2011 market decline. I think we're going to see a sequential bottom with an undercut of the prior low. It happened in 1974 in which there was an Oct. low with a subsequent Dec. low. It happened in 1980 with the bunker hunt decline, in 2001, in 2008-9. Point is we historically have had secondary tests. This death cross of the short term MA crossing through the 200 is signaling an imminent retest. So, it would make sense for the sell-off to occur this week because I think we're yet to see major equity selling during this Quarter-end pension fund rebalancing.
AMEX:SPYShort
by TheMandalorian27
11
quick "death cross" analysis: predicting the bottomWe are about to "death cross" on the 200/50 daily. Consider that previous "death cross" was never as severe, lasted from 4 and 9 months respectively. The parabolic downtrend line is about to break, so we might see higher prices in the next 24 hours, before diving down again. We should fully expect a drawn out "death cross" down trend to last 2-3 quarters at least, before climbing just before elections up to keep trump in office. (he probably doesnt need the help....biden is terrible) we might see a pull back to 2600 and 2800, before falling to 2000 before ranging, where smart money will likely let us accumulate, followed by a bull trap, before dumping the market to wash out weak hands by testing the 2K low. Once the stop hunt is complete, smart money will move markets back up again. Going long now could get you stopped out early by another weak stop hunt to 2100 might hit in 5-7 days. Target price of 2500/2600 is good, but high volatility means we position sizing and risk management is more important than ever. better to use ES as a hedge IMO.
CME_MINI:ES1!
by pokp
CHFJPY DOWNSIDE - DAILY TIMEFRAME Right then after a very volatile period due to coronavirus, it is time to move on as best as possible with unaffected pairs. Currently we have found a sell off available for CHFJPY, which does not seem to have the volatility issues presented currently through other main currency pairs. A death cross is looking due on the daily charts, towards the fibonacci level shown which has been analysed on a monthly candle time frame to engulf the entire historical movement of the price.
Short
by JamesSpindler