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Deathcross

Despite buying pressure near future of ETH doesn't look too goodHeya all, If you have not done so it is a great time to exit your USDETH shorts until further notice. It looks like the worst of the storm is over, and there is obvious buying pressure in play but I will not be too quick to jump on that train just yet. Overall, my sentiment is that ETH will bounce to 220 level and perhaps beyond too, so my position currently is "Cautiously Bullish" until the double death cross situation is resolved. Needless to say, please keep your downside protected and keep a tight stop loss when longing this asset. keep in mind the following factors: 1. We are still diverging between 4H 50 and 200 SMA which opens up this asset to further potential downside, selloff and shitfuckery. The current level of price is by no means the bottom and there are events that can drag this price further below to 200 and 190 price levels. 2. We are still in the 50 x377 SMA death cross-zone, which usually has less gravity and influence over the price action, yet in this kind of bullish scenarios, a divergence between 50 and 377 SMA can massively delay the resolution of trend and price action. 3. BTC as a concurrent asset provides very interesting price action for investors while maintaining the bullish momentum on all timeframes above 12hour, which will incentivise ETH investors to exit their positions now and bump up the liquidity for BTC, which will generate additional sell pressure on ETH in both cases, when BTC price goes up and even when BTC price goes down. 4. RSI and Srock are looking awful. perhaps this will change during the next week. Don't front-run the resolution of ETH price action. So in summary, 1. Be very very very cautious when buying this asset before the resolution of 50x200 and 50x377 SMA death crosses. 2. The bottom, might not be reached yet and there is a solid possibility to go down to 190 and 200 levels fairly soon. 3. To be safe, wait until 4 h price action moved above 50 SMA and consider buying after that. Hope this helps Cheers Archie
BITFINEX:ETHUSDLong
by akublashvili
4
xrpusd deathcross looming? I anticipate a fakeoutimpending deathcross on xrp. while also in a 1 day bear pennant that has a target of 20 cents...i anticipate this deathcross will be a fakeout and we may see a inverted bart here instead of a bear pennant....however there's also a chance it could break down and the 50ma could briefly cross under the 200ma but if so in that case it would just be capitulation and price would rocket back up bringing a golden cross with it to signal a deathcross fakeout if capitulation happens i don't see it dropping the whole target of the bearflag I have a feeling the 28.5 or the 24.5 horizontal trendline would probably catch it before then...still worth being prepared to buy any kind of dip like that though should it occur.:
BITFINEX:XRPUSD
by DrDovetail
1
Demo of how my FUSIONGAPS indicator might be used.Link to my indicator: According to this chart, it appears BTC still have some downside to go, before a turnaround. Look out for a significant positive peak (turn-around) of the 50/15 blue oscillator (blue color fill) as a possible indication of a good position to enter. Possible indication of good price points to exit seems to be where the 50/15 oscillator (fuchsia color fill) have peaked in the negative region. Not a financial/trading/investment advice. Exercise your own judgement and take responsibility for your own trades. ;) And if you like this set of indicators, and it has benefited you in some ways, please consider tipping a little to my HRT fund. =D cybernetwork @ EOS 37DzRVwodp5UZBYjCKvVoZ5bDdDqhr7798 @ BTC MPr8Zhmpsx2uh3F5R4WD98MRJJpwuLBhA3 @ LTC 1Je6c1vvSCW7V2vA6RYDt6CEvqGYgT44F4 @ BCH AS259bXGthuj4VZ1QPzD39W3ut4fQV5giC @ NEO rDonew8fRDkZFv7dZYe5w3L1vJSE51zFAx @ Ripple XRP 0xc0161d27201914FC0bAe5e350a193c8658fc4742 @ ETH GAX6UDAJ52OGZW4FVVG3WLGIOJLGG2C7CTO5ZDUK2P6M6QMYBJMSJTDL @ Stellar XLM xrb_16s8cj8eoangfa96shsnkir3wctdzy76ajui4zexek6xmqssweu85rdjxrt4 @ Nano ~JuniAiko (=^~^=)v~
BITSTAMP:BTCUSD
by cybernetwork
FUSIONGAPS DEMO2: BTCUSD winding up for another massive pump?Another chart analysing DEMO using my FUSIONGAPS oscillator showing a possible mid-term trend of BTC, by comparing on historical oscillator trends/patterns. Link to my FUSIONGAPS indicator: An earlier chart showing how to use FUSIONGAPS to pick possible good time/price for entry/exit. Not a financial/trading/investment advice. Exercise your own judgement and take responsibility for your own trades. ;) And if you like this set of indicators, and it has benefited you in some ways, please consider tipping a little to my HRT fund. =D cybernetwork @ EOS 37DzRVwodp5UZBYjCKvVoZ5bDdDqhr7798 @ BTC MPr8Zhmpsx2uh3F5R4WD98MRJJpwuLBhA3 @ LTC 1Je6c1vvSCW7V2vA6RYDt6CEvqGYgT44F4 @ BCH AS259bXGthuj4VZ1QPzD39W3ut4fQV5giC @ NEO rDonew8fRDkZFv7dZYe5w3L1vJSE51zFAx @ Ripple XRP 0xc0161d27201914FC0bAe5e350a193c8658fc4742 @ ETH GAX6UDAJ52OGZW4FVVG3WLGIOJLGG2C7CTO5ZDUK2P6M6QMYBJMSJTDL @ Stellar XLM xrb_16s8cj8eoangfa96shsnkir3wctdzy76ajui4zexek6xmqssweu85rdjxrt4 @ Nano ~JuniAiko (=^~^=)v~
BITSTAMP:BTCUSDLong
by cybernetwork
3
4hr ema deathcross now official. Will it sustain?Price action appears to now be painting a downward slanted h&s pattern and the 50 and 200emas on the 4hr chart have now official deathcrossed. Wee are also seeing a green candle coinciding with the deathcross which happens often as a last ditch effort to reverse the deathcross back into a goldencross thus achieving a deathcross fakeout...in order to achieve one of those price action will likely have to climb back above both the 50 and 200 ema and flip them to solidified support. My guess is it will at the very least retest them but odds are favor them maintaining resistance for now. if it does retest and find resistance my guess is that will complete the peak of the right shoulder of this red h&s pattern which if triggered could take us potentially back under 9k if maybe only for a brief bit. For the bulls to achieve a deathcross fakeou they will likely have to rise above the 50 & 200 and flip them to solidified support within the next three 4hrcandles. If not and the confirm solidified resistance odds are good the ema deathcross will be sustained. probability currently favors the bears but I remain neutral until the deathcross confirms it will be sustained.
COINBASE:BTCUSD
by DrDovetail
4hr chart 50 & 200 EMAs currently at a stalemate. Neutral until a confirmed break here however my assumption is we will see a inv h&s fakeout breakout taking us up to 11.1-11.2k and then dumping not long after to instigate the exponential 4hr death cross eventually bringing us down to the gap at 8.5k potentially. Just a thought...it could also very easily hit the full target of the inverse hea dand shoulders pattern as well or even never making back above the neckline. So for now I remain neutral.
COINBASE:BTCUSD
by DrDovetail
Bitcoin Price Action Update (day 352)Disclaimer: If you are primarily interested in copying other people’s trades then this is not for you. However, if you are willing to put in the work that it takes to learn how to trade for yourself then you have found the right place! Nevertheless please be advised that you can give 10 people a profitable trading strategy and only 1-2 of them will be able to succeed long term. If you fall into the majority that tries and fails then I assume no responsibility for your losses. What you do with your $ is your business, what I do with my $ is my business. Sawcruhteez Strategies: Comprehensive Trading Strategy - Consensio | Comprehensive Trading Process | How to BUY THE DIP | Advanced Dollar Cost Averaging Methods Consensio: Long term is bullish. Short and medium term starting to turn bearish. If 50 and 200 EMA’s get death cross on 4h then medium term trend will be bearish for me. Patterns: Pulling up and into death cross on 4h? If so would that be considered a pattern? Horizontals: R: $10,800 | S: $10,500 Parabolic SAR: If looking for SAR based on Welles Wilder’s original calculations then use “Lucid SAR” on Trading View. Weekly bullish SAR recently brokedown which indicates medium term bear trend. Futures Curve: Contango, but spread is narrowing on this selloff which is bullish Funding Rates: Shorts pay long 0.01%. Nothing out of balance here. BTCUSDSHORTS: Shorts are at new all time low TD’ Sequential: 4h hit a green 9 on this last move Ichimoku Cloud: Weekly and daily are bullish. Look at how the daily cloud (traditional settings) acted as support. 4h is bearish. Relative Strength Index: Appears to be resisting 50 on daily. Average Directional Index: Daily has fallen below 20 which is similar to the RSI resisting 50. Weekly is just showing the first signs of reversing. Price Action: 24h: +8.51% | 2w: -3.76% | 1m: +16.67% Summary: My last update was on July 7th and that is when I predicted “four figure Bitcoin within 48 hours”. Furthermore my price target for the expected selloff was $8,975 by July 10th. Both of those predictions were wrong. I roughly got the price targets right, but the time targets were about 1 week premature. Profitable trading revolves around projecting the price and the time. If you get one of those wrong then you are wrong, simple as that. This has been a great example. I shorted above $11,000 with a $9,000 price target and I lost money eventhough the price went to $9,000 within weeks of entering my position. I had a stop set at $11,876 and that was triggered before the selloff that followed. This is a great example of why trading revolves around price and time. Get one wrong and you will lose money. About 5 days after my call the price of bitcoin reached my target of $9,000. I had a pretty good idea of where the price was going in the future but I still lost money because I thought it would happen a little sooner than it did. With all of that being said I am prepared to take my second stab at the same call. As it stands I strongly expect four figure Bitcoin within the next 48 hours. From my perspective the market is very overbought while testing a major resistance level. This tells me that resistance will hold and that another leg down is to be expected. Therefore I am viewing this as a good opportunity to sell. Whether that be short or a profit take. It looks to me like $10,800 resistance is holding. If that is the case then we should get a death cross with the 50 and 200 EMAs on the 4h chart. If we do get a death cross then it would lead to a $7,500 target, at a minimum. As a result I am viewing this as a selling opportunity. Selling $10,500 - $10,700 with a stop at $10,900 makes a lot of sense to me. If we are able to breakthough $10,800 and spend some time above that price (> 1 day) then I will very much be changing my tune while looking to buy back what I sold around $11,000.
BITSTAMP:BTCUSDShort
by Sawcruhteez
7
btc goes against the herd pumps during initial deathcross.Btc has done a fantastic job faking out the herd after dipping back below the double top neckline then shooting all the way back up to test the 4hr 50ma which is currently maintaining resistance. If it can find a way to rise above both the 4hr 50ma and 200ma and flip them to solidified support then odds are likely this deathcross will end up being a fakeout. However, having jus deathcrossed could give both moving averages extra resistance momentum in which case we could still go down from here and reach he 8.5 target. We must also remember the breakout target of h falling wedge is around 11.1k so we could also still continue up to 11.1-11.2k before finally plunging back below the 4hr 50 and 200mas as well, I'd say at this point anything is possible and until we clear about 11.5k and flip it o support a trip back down to 8.5k07.2k-or even 6k if a double op is triggered is still possible. Best to pay close attention to how price action reacts to testing these mas and if it goes above that how it reacts to the 11.1-11.2k level.
COINBASE:BTCUSD
by DrDovetail
BTCUSD going DOWN: Double Top on BitCoin...Just like March 2018!There's been a big sympathetic bullish move on BTCUSD recently, very likely related to the move on FB to legitimize cryptocurrency with Libra. It's kind of ironic, because near total control by a massive corporation like FB of a cryptocurrency pretty much goes against the very basic fundamental idea of what an ideal cryptocurrency should be: A form of digital exchange for the masses that isn't beholden to anybody, especially a major company or corporation. But the point is, when a big name like FB gets involved, crypto investors start seeing $$$$$ signs, and a sympathetic bullish move on BTCUSD (and actually ANY other crypto) was totally predictable once the announcement on Libra came out. The bullish BTCUSD move was clearly too much too fast, and Trump/Munchin's recent negative tweets and threats of governmental oversight put a big block/resistance (at around $13500) to a near repeat of a parabolic move from the 2018-2019 lows of BTCUSD of $3000 Forget the fundamentals for a second, from a strict technicals standpoint, the BTCUSD chart is showing very ominous signs of breaking down. We clearly see a formation of a #doubletop, which is a very bearish sign. I should point out this #doubletop also occurred during March 2018, after the initial January 2018 breakdown that led to the recent downtrend and lows of BTCUSD. In addition, you can see (circled on the daily chart) the formation of a #deathcross on the Moving Average Crossover indicator as WELL as a negative/downward bearish move on the MACD Crossover indicator. About the only thing that is positive is the RSI indicator, which seems to temporarily indicate that we are in an oversold period that could lead to a temporary small buy-back. My thesis? Simply put: BTCUSD is going to clearly break down even further, down to $6000 or even $5000, although the first level of support is around $7500. There MAY be a brief buyback period first before the big breakdown, but unless BTCUSD makes a strong move above the resistance of the double top around $13500, it's unlikely to last. Therefore, I would say now is a HORRIBLE time to buy BTCUSD, and if for some reason you were lucky enough to buy it down at the lows of 2018-2019, you should probably take some of the table and lock in your profits now. I definitely would not add to any BTCUSD position until the $7500 support line holds OR the top/resistance of the double top is breached and that breach holds. If the $7500 level breaks, again we could easily see lows on BTCUSD of $6000, or $5000. Or in a very bearish environment back down to the lows of $3000. Don't believe me? Maybe I'm wrong...I'm just looking at technical patterns, and have no position/skin in the game. But I want to point out that back in December 2018 (see link below), I was able to predict/call the top of BTCUSD looking at a clear Descending Triangle chart pattern that was about to break down. Let's see if I'm right again...My prediction is the strong move downward will occur very soon, likely before the middle of August 2019. Hold on to your hats, crypto boys and girls! P.S. That guy, Peter Brandy, who thinks BTCUSD is going to hit $100000/Bitcoin soon is clearly high as Snoop Dogg at a marijuana dispensary Black Friday sale ...At least for the short-term future! :P
COINBASE:BTCUSDShort
by thetravelingbachelor
Possibility of a doubletop in play; if triggered 6k target. a large price dump that was instigated by a 3hr chart deathcross has us now potentially about to break down from what looks like a double top on the 1 day chart...price action is currently below the neckline and is right now trying to retest that neckline...if the retest is rejected then odds are good we will break down from the double top and retest the 1 day 200ma down at 6k. However I wouldn't be sure of a rejection until at least 1-2 1day confirmation candles + bearish volume surge to go with it...we are also currently testing the breakdown of a 1hr bear flag pattern which could dip to 8.6k. If we go to 8.6k odds are very good we will be filling the 8.5k gap from the CME futures chart....whether or not we'd reach the full dip target of the double top of 6k is uncertain considering there is also the famous "golden pocket" on the fib retracement right at 7.2 which we also had a small gap on on the cme futures charts....so dipping to the 7.2k zone would fill the final gap below us and reach that always magical bounce level of 61.8%. We can see the 8.5 level also hits a very significant fib line as well as it has confluence with the 50% retracement line. So we may see bounces at both of these zones or support for candle closes. However 6k is also a possibility because of the double top which also has confluence being double reinforced support with the 1 day charts 200ma which should provide solid support. My move is going to be to wait for price action to retest the yellow neckline of the double bottom and if the daily candles confirm solidified resistance I'm then going to short and ladder out portions at a time at a couple pips above 8.6, 8.5, 7.2, and 6.1k respectively...until I get the confirmation of resistance/rejection at the neckline however I remain neutral for now...with slight bias temporarily to the downside. During this downtrend we may see some altcoins make gains against btc such as xrp. I also believe that when this correction is over the next leg up bitcoin will be taking alt coins with it and they may even lead the 2nd leg up. I think the next temporary leg down on btc will coincide with a 4day deathcross and the next significant longterm leg up will coincide with a 3 day golden cross.
COINBASE:BTCUSD
by DrDovetail
2
SPX DownTrend to Correction OR Crash; Oil/Gold Divergence!Looks like a crash setup. Powerful bearish divergence in oil - dropping while gold rockets. Last seen this divergence in 2000, 2008 just weeks before the crashes. Probably not a good idea to sell puts short right now... Fool's rally going for a day or two; if we see a pinbar that would be identical confirmation pattern we saw in Aug 2008. Rally could get as high as 26200 Dow, near 2880 SPX; or just get rejected from the down channel TL. Getting long in here is pretty risky. Scalp if you dare! GLTA! MW Article: www.marketwatch.com The Chart of Divergence: ei.marketwatch.com
SP:SPXShort
by DaddySawbucks
3