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Deathcross

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
Very Simple Chart Patterns Showing Downward Intel MovementThe ongoing trade-war with China is proving unfruitful for most tech assets, especially chip/semiconductor suppliers, including NASDAQ:QCOM and NASDAQ:INTC . Aside from these fundamental negatives, the hourly chart reveals several very simple, basic patterns that provide further confirmation of such bearish sentiment. There are two consolidation-breakout points, both leading to major gaps and spikes in short volume. The death cross, in between, is the cross of the 65-period Exponential Moving Average under the 200, a very strong sell signal. Additionally, the unusually large number of gaps is a sign of volatility and growth-instability. Traders and investors alike are bearish on NASDAQ:INTC due not only to fundamentals but the simple technical indicators and patterns shown on the hourly chart.
NASDAQ:INTCShort
by DoozyTrader
Potential death cross on HKSE 700 (Tencent) in formation 1. Would be extremely cautious as death cross forming with EMA20 and 50 crossing EMA200. Possibly around price of HK$350 in coming 2-3 trading days. 2. Oversold now but remains to see if rebound can support at $330 will hold. 3. Price has already retraced to 50% of run up to HK$480. 4. Would not enter until we see support hold at either HK$325 / HK$300 (higher probability) confirmation. Or some low chance of price falling until strong resistance at HK$260, erasing all gains. HKEX:700
HKEX:700Short
by nyank1t
ltcbtc chart at a cross roads.We can see LTC had a very ncie pump against btc after its ltcbtc golden cross occurred on the daily....it has since corrected and appears like it may have a chance at triggering a cup and handle pattern...however the threat of a 1 day ltcbtc death cross quickly approaches. If the death cross is to materialize this cup and handle pattern will most likely fail...and on the flipside validating this cup and handle pattern could help prevent the death cross...so for now against btc ltc is at a cross roads and could easily continue either way, For this reason this idea will remain neutral.
by DrDovetail
1
TRXBTC not looking as bullish as TRXUSDIt appears we will bullishly trigger/break an adam and we've double bottom pattern on the daily on the trxbtc chart however we must keep in mind tha since we recently had a deathcross on this chart more losses against btc are anticipated after it hits its breakout target. I assume it will get rejected back down from the 1day 200ma resistance and be bounced back and forth between it and the 1 day 50ma(in orange) as support a couple times before breaking under and hopefully forming a higher low...if it ends up forming a lower low more loss against btcs value at that time will be probable. I do see it likely it can reach the breakout target in the meantime however. If somehow it continues up then we may have a deathcross fakeout on our hands which given the current overall sentiment of the crypto market in generally is much more probable than it would normally be. until we see evidence of a death cross fake out though we must put the downside as probabilities preference. My guess is a quick typical tron pump and dump due to an announcement of an announcement from Justin Sun. It can be a rewarding ride though if you time your entrance and exit right. *not financial advice* Thanks for reading.
by DrDovetail
Exxon Mobile (XOM) Trend Analysis: Bearish SentimentI am predicting that Exxon Mobile will have further bearish movement, due to a few sequential chart patterns appearing. First, the death cross. At this point, the 65 period EMA closed below the 200 period moving average, an extremely strong sign of negative movement. The confirmed resulting downtrend resulted in a period of consolidation. When price action leads to consolidation for an extended period of time, it usually leads to a large breakout, highly indicative of the overall price movements for a given period of time. XOM consolidated and broke out downwards, beginning to correct itself. A quick correction with high volume formed a resistance level. If all holds, XOM has more volatility and downtrending in its future before it has a reversal.
NYSE:XOMShort
by DoozyTrader
BTC which way will you go?Hi, We can see BTC/USD has broken it's symmetrical triangle to breakout of the long term downtrend. it has now created a bull flag or ascending triangle. As we know BTC is great at painting pictures and then going the other way. If it breaks up and runs whole length of the flag pole we are looking at it breaking back into the previous resistance area, if it breaks down with one of its famous Bart Simpson fractals (possible double top inside the ascending triangle to watch also) and also runs the length of the flag pole we are back down into the previous support area. note the Golden Cross looking to happen on the daily chart, yes this is a great bullish sign but does most certainly not mean that it will sky rocket to the moon. many times after a massive downtrends will indexes, stocks and alt coins cross back with a Death Cross only to rally slowly in the upward direction to show strength and long term rigidity. up to you. not advice just an opinion. enjoy the charts, Boo Cha.
BITFINEX:BTCUSD
by boocha
Golden cross is very near! Good sign for BTC overall!Hello crypto traders and hodlers, i have a great info for each of you :) The golden cross is really near and this means we turning the trend longterm in the bullish direction! This doesn´t mean that the price would never go more down, it´s more than likely that we generate a double bottom (near 3.100, +/- 500 USD). So if you want to go for the longterm hold like me, the next few weeks, maybe 1-2 month could be the very last chance to buy cheap bitcoin. No financial advise! Hope you doing well so far, it was a long way to the downside, many of you would lost some hope, but i think there is a so bright future in front of us :) If you want to see my longterm prediction, visit my other charts. Greetings and wish you all good luck!
BITFINEX:BTCUSDLong
by Crypto-Coin-Trader
7
Death CrossThe death cross occurs when a short-term moving average crosses over a major long-term moving average to the downside and is interpreted by analysts and traders as signaling a definitive bear turn in a market. The death cross is a technical chart pattern indicating the potential for a major selloff. The death cross appears on a chart when a stock’s short-term moving average crosses below its long-term moving average. The death cross indicator has proven to be a reliable predictor of some of the most severe bear markets of the past century: 1929, 1938, 1974, and 2008 As we can see it occured in 2008 aswell and the chart and other indicators (RSI and stoch RSI, but also ichimoku cloud and few others) are almost indenticial to when the crash in 2008 happened. The AEX will take a big hit and may fall to 0.786 fib. level and perhaps lower.
EURONEXT:AEXShort
by Decrazer
2
My BTC forecast (NOT Professional)Once upon a time, Based on my hypothetical assessment, this chart reflects the "starting point" of the triangle to be June 4, 2018 "DEATH CROSS". In light of the 200 Day EMA's current trajectory, and established LOW, it appears to support the few rejections aligning the top of the triangle nicely as noted by the yellow circles. As such, IF all things stay equal, my BTC forecast for the next few months are as follows: +Best case scenario, BTC makes a significant trend change on/around April 20th; +Worst case scenario, BTC makes a significant trend change on/around May 20th; +Doomsday scenario, BTC breaks below 3,100 (YOU pick a day) *The green lines are reasonable representations of the price channel BTC will bounce around-in, with "slight" deviations above/below it of course, until the significant trend change occurs (i.e. "GOLDEN CROSS"). The End.
BNC:BLX
by Yur_Gr8est_Fan
SPY - LOOKING FOR A LOWER HIGH TO BE SET SOONThis is not an asset I would want to be buying here. There's several red flags in the chart. #1 Declining volume. While the price is going up, the volume has been dropping off. This shows less and less participation as the price goes higher, not a sign of strength. #2 Hidden bearish divergence up to the 3 day timeframe. You have price making LOWER highs while RSI is making HIGHER highs. Yet another sign of weakness. #3 This one is extremely simple, lower highs and lower lows. This is the easiest way to see what the big money is doing. This market is not in an uptrend anymore, it's clearly in a downtrend with LH and LL. To follow what the big money is doing you need to sell the rallys and take profit on lower lows. #4 Death crossed on 1 day and 2 day timeframe. This is an powerful signal that shows the long term uptrend has changed to a bearish trend. As the saying goes, "the trend is your friend until the end of the trend".
AMEX:SPYShort
by DerrickGibson