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Deathcross

Bitcoin Death Cross has ArrivedBItcoin Death Cross has taken place. Will we see follow through price action to the downside in result of it? Their are no technical indicators or reason to be taking a position long or short this very moment. You are in the makes of creating Daily Bullish Divergence, but you have no sign of rounding out oscillators as of right now. You've been holding this support line very well since we have dumped, but it is extremely surprising that we have not retraced whatsoever yet. But keep in mind, the death cross has taken place as of today. Twitter: twitter.com If you want to be a loving supporter of me and my "ChArtworks" $BTC: 35tmT7MAQXZm7rr1KzZMWNRpN2iyrnSB4z $LTC: LVfCT9fu4dYyFAo5cW5xLrzHZHWFoG85hn $ETH: 0x390d207b9bde62f2806caddfb94809de61da50d9 $x42: XZXm43FJcZHEVNs9dh8mdfzWyY6VfmJvPc Donations are never required but they are greatly appreciated! Your Supportive comments and follows are just good enough too :D <3 Join the best Crypto and Technical Analysis Community in the world! Discord: discord.gg (Mitch Ray's Channel) Amazing community and I highly recommend checking out Mitch Ray if you haven't yet!
COINBASE:BTCUSD
by ChArtWorks_TechnicalArts
Bitcoin - In the next 24 to 48 hoursAs traders what we want to know is if we have hit the bottom or if we are going up, or are we going to fall some more. On the post I did on the 22nd I told you we were going to fall in a matter of hours and we did. Check this out, there are 3 keep spots we need to keep an eye on to see if we are going up or down. I know the answer but I would like to hear from some of you. The chart above shows you the new battleground. If BTC goes and closes below either of those support lines in green that will show weakness and it is time to go down some more soon. If for the last few months we've done nothing but lower lows and lower highs what should your trade strategy be? This is the next thing to keep an eye on: If the yellow trendline 50MA goes under the white trendline 200MA (Which is almost a done deal) then we are going down. This is the last place to keep an eye on: If we close a candle under the green trendline that means we are going down as well. So the specific question is this: Would you put money in right now? THE TREND: Going Down a little more THE OUTLOOK: Safe to buy a percentage of BTC wait a bit more to buy-in.
by cryptoGats
10
Death Cross ImminentWe all know this death cross will happen the question is how long will we stay under the 200 DMA. If you look back you can see that it wouldn't be the first time we had a death cross followed by a bull run ( Sep 2015) will this repeat. With the OTC market drying up will this be the last chance we get to buy at these levels or are we in for a long accumulation phase. I know what my plan is. Do you have one? Comment your thoughts I would love to hear them.
BITSTAMP:BTCUSDLong
by ToodlesTrader
3
Bitcoin dropped like a brick 10/23/2019Okay the drop I have been pointing out for weeks is finally coming to fruition. Not trying to gloat here, but now we need to find out where we go from here. The signs are still pointing to more dip in my opinion. The fact we are still well below the cloud and the 50 MA and 200 MA (all bearish signs) says a lot. Until I see some signs we have bottomed out I will stay in the bear camp. There is some support apparently around 7500 but I'm skeptical about it holding up the candles. The death cross will happen today or tomorrow most likely due to this dip that occurred this A.M. I predicted it would happen within 3-4 days this a.m. but that was before the dip. Now that the price has changed a bit the prediction has as well. When the candles cannot break the 200 MA on the daily along with the fact we are under that 50 MA and the cloud that is all bearish. Bitcoin took the path of least resistance. That path still points down. At least until we can get over the 50 and 200 MA's (and the cloud). It will happen eventually but in the mean time keep an eye on the charts and learn to read them properly or look to your favorite traders for guidance. We are at an important place where a new pattern is going to form and the candles will start to create a flag or a pennant (most likely) and we may see more red if that is the case. Regardless I am bearish til I see some hope. I will be watching the charts in the mean time and I will be sharing my thoughts. I hope the bulls can regroup and prove me wrong. I love it when there are green candles because the groups Im in are a lot more fun when everyone is seeing green. Just keep in mind if you are a trader you can make just as much money off the green candles vs the red ones. Daily volume is at $20,008,742,408. That is significantly higher than it was 24 hours ago. It does not mean we are going up but it does show that a lot was going on. I am creating a group on Facebook for those that want to learn to trade. If you would like details contact me here. Im looking forward to hearing from you. (WTFDIK)
Short
by UnknownUnicorn4304403
20
BTC | Bounceology (Pt.2)As mentioned in a idea published back on September 3rd where I highlighted (Figure 2) BTC's price action being supported by the .382 fib level drawn from the weekly top of Dec.2017 to the low of last year. That .382 level of around 9430 was touched 4 times during the months of July to August before breaking down on September 24. Now in Figure 1, we can see the current trading range in the past month being supported by the 7800 level. And this level has been touched 4 different times as well. If we use what happened in Figure 2 to the current price action, we can expect in 25 days for BTC to breakdown again through this support. A strong indicator for this to happen is the looming death cross approaching. Let me know what you think.
BITSTAMP:BTCUSDShort
by jiamijiang
Sign for long term bearish market?I want you guys to notice something very important as-well... What we see here are averages of E200 and E50, both going downwards, while E50 is crushing towards a death cross, now this cross is special, because not only it will confirm bigger TF averages are coming for impact, but also they are going downwards, if 1 of them would have went upwards instead then it would weaken the death cross, but if both going downwards an if both will cross? then Bitcoin is going to stay bearish for many more months before we can see new signs for the next bullish phase...
BITMEX:BTCUSD.PShort
by Hedgehog_king
Bitcoin - The bottom is in or is 4k it?Well... BTC wants us to believe that the bottom is in. We have touched the $7800 area plenty of times and it has refused to go lower -- which makes it look like a bottom. If this is it then the bottom is being built in the middle of nowhere which is out of the norm. There are a couple of places where it would make more sense to bottom out so I recommend we wait till we get there ($6500 - $7000). Also, there is no massive green candle avoiding the impending death cross so far, and the downtrend looks like it has too much momentum to be stoped. Your best bet is to wait and see how the 50/200MA crossover is going to affect price(but we know the answer to this already.) Once we see clarity we'll put our capital to work again. Don't forget to follow me to stay one step ahead of the chaos. Let's read what BTC is trying to tell us in this chart. The 200MA has rejected price many times in the last 3 weeks, this tells us that there is no strength to go up. Also, support is getting heavy, every rejection sends BTC down back to support and those candles are piling up quickly, support may not hold any longer. Every time you lose the 200MA on the 12H timeframe you take that as a hint that things have gone south for the corresponding asset, that happened to BTC a few weeks back and now we are seeing it on the 1D timeframe. Once the 50MA crosses down the 200MA it will seal the deal and we will see the price drop for a while. In the days after, BTC will range and spike up and range again while on its way down. Right now let's be out with cash in hand waiting for BTC to hit the $6500 - $7000 area so we can get some more cheap alts. As of today, 4k is not in play but it could be depending on how aggressive the death cross is. NOW, THE LEGEND; Support trendlines are green Resistance trendlines are Red Horizontal support lines are white, the thicker the stronger the support 50 Moving Average is yellow 200 Moving Average is white THE TREND: Still going down but near the bottom THE OUTLOOK: Almost safe to buy BTC but let's wait just a little more.
by cryptoGats
7
Bitcoin daily outlook 10-18-19Okay everyone it has been no secret that I have been bearish over the last few weeks. I know it is bothersome to some of my perma bull friends that want to see a sea of green once more. But the thing is Bitcoin and trading do not care about your feelings. We need to look at the data on the chart and keep the decision making free from emotions. Just based on the 50 MA (orange line) and 200 MA (blue line) things are looking more bearish by the hour. The 50 MA (orange line) is creeping closer and closer to the 200 MA (blue line) and when the 50 MA (orange line) crosses below the 200 MA (blue line) it is bearish. Especially on the daily time frame. Of course a death cross has a chance to be a big nothing and may not cause the dip Im expecting but its better to know whats in front of you so you can prepare for anything. This is Bitcoin after all. The last time the 50 MA and 200 MA crossed it was bullish (due to the fact the 50 MA crossed above the 200 MA) This is widely known as a "Golden cross" and look at the data. The price rose before the actual event. I believe sometimes traders go ahead and make a move prematurely when they see something like this. Which is why we saw the price rise slightly before the actual cross. But after the cross is where the real fireworks happened. We went from 5100 - 14k within 2 months (approximately) Now we are looking at the opposite scenario. The orange line is crossing below the blue line.. It could cross in a week or a month. Or if a miracle happens and the candles climb we could avoid it all together. But realistically I think we should all prepare for the worst and hope for the best. Where will this death cross take us? My target short term for the next drop I think we have in store is 6500 - 6800. The 50 MA on the weekly is at 6800 and the top of the cloud is at 6500. Just my 2 sats... But WTFDIK right? Go Astros
Short
by UnknownUnicorn4304403
5
BTC | Extended Boring Price ActionAs I have mentioned earlier this month, BTC price action is consolidating into a more narrower and tighter range hoping to see a breakout/breakdown in the near term. As we continue to wait for either or, prices continue to consolidate putting traders and enthusiasts to sleep. I agree, it's been pretty bleak for the past few weeks. What we do see is that the .382 support level has not been breached yet but what is alarming to see is the 21 SMA breaking the 100 SMA on the daily last week. The last time this happened was back on August 14, 2018, which then lasted for 6 months. Will we see this occurring again? If so, should we expect a bear market for another 6 months? Let me know your thoughts.
BITSTAMP:BTCUSD
by jiamijiang
Can we avoid a bear market death cross?Definitions of a bear market vary, but there are three truly fundamental ways to define it: Are we below the weekly 21 EMA = YES. Are we below the daily 200 MA = YES. Is the daily 50 MA below the 200 MA = almost. Despite its sensational name, a death cross (and indeed a golden cross) are incredibly reliable indicators of the approaching market trend. We last enjoyed a golden cross on 23rd April, just days before the 177% pump we then experienced throughout May and June. However , with BTC now held firmly by 200 MA resistance, we have an incoming death cross due to occur on or around 21st October. If this happens it massively increases the likelihood that we are back in a confirmed bear market and heading down to retest the range between $4000 and $6000. Do you believe we can avoid a death cross? And will it confirm that we are indeed in a bear market? Please give me a thumbs up and follow me if you found my analysis interesting. This is for educational purposes only and not a recommendation to buy or sell.
BITSTAMP:BTCUSDShort
by BCryptological
5