Deathcross
Looming death cross for Bitcoin Dominance?We could see a death cross as the 200 daily moving averages approaches the 50 daily moving average.
However, the MACD suggests that we could see a bullish crossover so maybe bitcoin dominance will bounce off of the 50 daily moving average. Either way, I see something significant happening soon.
Thanks
DAX shortAs the virus outbreak continues to slow growth, Dax confirmed the 3rd touch on the trend line. Also potential death cross as 50 SMA could cross below 200 SMA.
Chinese economy expected to be 2/3 shut down next week as the country battles the outbreak.
Overall, market sell off expected to continue.
Good Luck and stay healthy!
Golden Cross, Death Cross, and Halving - Time ComparisonsUsing a 50/200 MA I've laid out time frames between the various occurrences of golden crosses, death crosses, and halvings.
Wanted to share with the community and see what theories any of you may have from seeing this and if you're noticing any patterns.
Death Cross pattern MA100/MA50. This pattern is pretty accurate.
Every time we se a death cross between MA100 and MA50, we drop aprox -29%.
Right now, there is high probability for a new death cross.
BTC Searching for SupportBTC had an infamous death cross back in mid November (red ellipse) and has struggled to keep the 200 day EMA above the 50 day EMA ever since. Recently however the market has been making effort to do just that.
There has been quite a bit of volume recently suggesting seller exhaustion may be around the corner. The price is forming a strong upwards channel in which is steadily collecting confirmation points along the lower support line. It is still finding resistance with the upper bound but greater volume could possibly break it through.
Back in late October, the 50 and 200 EMA lines almost made a death cross but instead the market rallied and within 2 days went from $7490 to $10,480. Unsustainable at the time the price slide from there to a lower low of around $6620, a natural market correction happening over 1.5 months.
Now the market seems to be on the verge of a re-crossing of the EMA's back to a bullish trend . It will take around another week fr this switch to be confirmed and in that time BTC needs to steadily gain sup [port at the price level it is at.
The gold line directly connects with the support level of the current channel. This forms a natural Thomas Denmark ( TD ) bullish trend . That is, the price was being consolidated within that triangle and the market had 3 times where it hit the lower bound, which is a bullish trend line , and it could have slid out of the channel but instead bounced to a higher high, within four candles. For more on TD indicators please read this article: forextraininggroup.com
There are many bullish signals for BTC in the news recently such as the famous hash ribbons turning buy, www.newsbtc.com which makes this a precarious time for BTC because the bullish trend wont be con rimed until we have a healthy market rally to ~10k that isn't within a 48 hour window, with sustainable volume .
Is History Going To Repeat?We've been following the last bear market pretty close so far and right now its time to be concerned with this situation.
Yes there are many bullish factors including the halving coming soon, but be aware of this chart when you're feeling too bullish.
Let's hope it doesn't come to this and we manage to break above the 200 Daily Moving Average and continue our bull run.
3 things in my opinion can confirm the bull trend:
1. We go above 10400 to form a higher high
2. We make a weekly candle close above 9500
3. We have an open and close weekly candle above the 20 weekly moving average
LINK Update! Potential Death Cross!Despite support on the 200-day twice now, the 617% move between May 1st and July 1st 2019 was very unhealthy due to the short-term explosive growth. We have already retraced to the 76.4% fib retrace level, and price is now trying to hold support at the golden ratio 61.8% fib level.
If we close below the 61.8% level on the monthly and/or weekly chart, that will mean a high probability of coming back down to the 76.4% level. This would form the beginings of a descending triangle pattern, which of course means bearish movement ahead, but only if the price doesn't go directly down to the 100% retrace level first.
This is no guarantee of course, but if we have that 50/200 day death cross, price below the 200-day as well, and the 200-day angled downward... these are basically the definition of a bear market. So keep an eye on those things!
PFE Bump and Run!PFE is a large pharmaceutical company that specialises in biopharmaceuticals. As you can see there has been a large bump and run from the upward trend in the past, which led to a death-cross. Gaussian channel shows a clear upward trend. Green fractal indicates a follow up bump and run.
Technical analysis of USD/CHFIntraday bias in USD/CHF remains neutral as range trading continues. In the bigger picture, medium-term outlook also remains neutral as USD/CHF is staying in the range between 0.9660/1.0237.
Until the 0.9841 support (50% Fibo retracement and the lows from Sept. and Oct.) stay intact, the rise from 0.9660 is expected to resume sooner or later. On the upside, the first resistance is 0.9926 (December 03 high). If the bulls manage to cross that level, this can act as a validation point to escalate the run-up towards 0.9980 and 1.0000 round-figure, which break will bring retest of 1.0027 area.
However, sustained break of 0.9841 will indicate near-term reversal and pave the way back to 0.9660 support. Right now the pair is testing the lower boundary, near 0.9870, of the bearish flag formation on H4 chart. Also the 50 SMA just crossed bellow 200 SMA on the same time frame, which is a death cross and indicating the potential sell-off extend. But Sellers should wait for a confirmation of the downside break of flag support to aim for the theoretical target of 0.9700.
Double top and bottom trade on ETHUSD, H1We just got a double top signal from the double top indicator and the Golden Death cross strategy is negative.The two other trades in this trend was profitable and i belive this one will be to
BITCOIN DEATH CROSS?? 5K NEXT!?Bitcoin appears to be in the deadly death cross and if price does not show bullish signs of retaking the 55 ema soon, then we may see our beloved hero drop down to the mid 5ks once again. Just as the 200 ema and 200 ma crossed before the major run to 14k earlier this year, we see the same cross before the (china bullish news), This to me was clearly manipulated since we got the pre-death cross with the 200ema/200ma just as we have gotten this cross before the 14k run up. Some are calling for a Head and Shoulders as well. We will see how this plays out.
50/200 EMA Death CrossThe chart shows that there is a bearish flag showing here. A death dross of the EMA50 (red) and the EMA200(white). The purple lines outline the overall trend since the last large price action in the past 1.5 weeks, and the yellow is a confirmation trend from a previous, higher high about 3 weeks ago. The white bar at $9126 is the previous support that has been tested before and passed, but now has been broken(green ellipse), and reversed now into a resistance barrier(yellow and red ellipses). The bar at $7912 is where I believe the price to be headed due to previous testing of this support level. This will be confirmed with more candles closing along or below the bottom purple line. If the price consolidates above the bottom purple line that will likely become the new area of support, not at $7912. Only time will tell.
DANGER S.O.S - 100 MA DEATHCROSS 200 MADanger ahead as bots and whales will go wild as a DEATHCROSS is imminent in Bitcoin. This doesnt happen very often and looking at history, its always significant. Watch out below. We might see a retest of 6K support.
Falling wedge vs Death crossHello beutiful,
so we are looking for the price of bitcoin to bounce in the near future.
Death cross coming up of the 100 and 200 EMA daily, which could have shorts confident and maybe shaken out if we ralley into the death cross.
Falling wedge also a highly likely scenario on the 4h and 12h and also partially on the daily timeframe. Much resistance lies up ahead, but also critical support down below.
Will be important what happens on this weekend going into next week. This falling wedge could go on for one more week, so that means we could see the price slowly grind down further.
There seems to be a lack of followthrough for bears when price hits lower lows. We mostly ralley short term and hit the upwards trendline of the pattern.
There still is a lot of resistance and support so you really want to be carefull with stop lossses and in my opinion want to scale with small positions and low leverage since you can be shaken out easily.
I think price grinded down too far to be confident in entering short positions, but of course that is of your own judgement.
That's it for today, please check me out on YouTube, I must not post links sadly, so here is my name:
Enlightened Trading
There you will also be given more information on my current outlook, with links to my social media.
Cheers
Longs; savior or killerLook at the ratio between longs/short over time and take a look at Bitcoin over same time.
In my opinion we have legit bottom at 4k area, built in march 2019.
From 4k and up to 14k, there is a great mix of real demand, and lot of long- and short gambling.
In this range of price, we can se four bigger actions (compared BTC with Long/Short ratio) and how price reacted to that.
Bitcoin is tangled between different MA's, specially under the daily MA200 which is moving towards a potential death cross with daily MA100. Have Longs really accumulated well or have they misjudged the situation a bit? How will they act in a potential setback?
Let me know what you guys think.
Bitcoin: all eyes on the 4-hour chartBTCUSD broke through the 200 SMA (white line) on the 4-hour chart and has, so far, failed to reclaim it. And things get worse for bitcoin bulls; there's also a death cross (crossing of the 55 EMA and the 200 EMA, blue and red line respectively), and we are well under the 21 EMA (yellow line). More downside looks imminent. If BTCUSD fails to get back above 8700 soon, our previous target of 8200 is very much in play. Probably with a small bounce at daily support around 8550 first.
As usual, zooming out to higher time frames can provide more clarity. In a little over two hours there will be more information available:
Can the daily close above the 200 EMA (8701)?
Can the 2-day close above the 100 EMA (8703)?
Can the 3-day close above the 10 SMA (8707)?
So, if BTCUSD fails to get back over 8700 at the daily close, there's an easily manageable short opportunity here: we could enter as near to the 200 SMA as possible with a stop-loss above either the 200 SMA, the 21 EMA, or the death cross depending on risk appetite. Our profit target would be the resistance area around 8200, with a possibility to take some early profit around 8550.
BTC -Updated bear scenarioI realized on my last analysis that we can't have an ending diagonal at my last forecast. Rather a continuation of the tested WXY-WXYXZ combo correction. Along with the 50 and 200ma DEATH CROSS.
Trend is our friend. Simply break that resistance line then this bear scenario is invalidated.
The Haunted CrossAs the Death Cross refers to the 50 MA crossing down through the 200 MA, what is it called when the 100 MA crosses down through the 200 MA? Well regardless of what that would be referred to, it is interesting to note that amongst the major alts that I have been following which includes - LTC, ETH, XRP, BNB, XLM, BCH, EOS, ADA, TRX, and DASH - BTC is the only one remaining to have its 100 DSMA still above the 200 DSMA. But it's approaching real fast. And the last time this happened was in April of 2018 (where we actually saw BTC's price rise close to 50% during that timeframe...
Is last week's pump also a false breakout?
Manipulation, Death Cross and Xi Jinping's statementHello fellas, welcome back to our Saturday update about bitcoin. Let's get to the point
We have seen a 40% surge on bitcoin in 1 day of trading. However, even in crypto industry, this is still a tremendous moves so far and unfortunately, once again it indicates that the crypto market is showing its unstable circumstance which can easily manipulated. Just right before the 40% surge, the China president, Xi Jinping shared his view about bitcoin and announce a support on blockchain in China. However, this gives a tremendous effect on crypto market. Altcoin's market lose a lot of volume but on the other hand, money inflow in bitcoin is growing even faster.
I believe that it is only the manipulation that some parties made to wipe out the people who short the market. I do expect a little pullback to the upside but I never thought that it was this tremendous. I am a type of the people who don't believe in fundamental analysis, I am 100% technical believer. All the short term spike is just manipulative as always. Now, look at the higher time frame of daily chart.
After the 40% surge to the upside, today's candle produce the 12% wick of rejection and is still moving below the white resistance region. this white resistance region was the broken support that is now become resistance as well. And the white trend line is the resistance trend line that has held the price since june 26th, 2019. As long as the price is still moving below this trend line, I will still remain bearish as well.
Another view on another technical indicator, which is EMA 55 and MA 200, we can easily deduce the death cross has already occured. However, death cross is always be the most respected factor to look for most of swing traders. I am expecting a daily candle closure will be below the EMA 55 which is the blue dynamic line to confirm this continuation of down trend.
