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Deathcross

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
2 BTC to 20 BTC Trading Challenge - Day 16 (1.3313 BTC)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. Click here for my Comprehensive Trading Strategy | Click here for my Comprehensive Trading Process | Click here to learn about the 2 BTC' to 20 BTC' Trading Challenge From day 2: “This challenge is either going to get started with a bang or I am going to dig myself into a deep hole with the positions opened today. Only time will tell!” Well...time sure is telling and she is kind of being a bitch! These next few days are going to be absolutely critical for me. The S&P 500 is at the threshold that acted as support for 10 months in 2018. It stands to reason that it should act as strong resistance on the first throwback, especially due to being overbought based on multiple metrics. If it smashes through $2,650 then my mind will be blow. The Turkish Lira has been all over the news today due to Donald Trump threatening to “economically devastate” the country if Erdogan doesn't fall in line. USD:TRY immediately dumped 1.83% and retested the phase 3 trendline. If the weekly closes below the trendline then it is all over for my favorite long of 2019. I still remain confident that won’t happen but it is a little unnerving watching my two large positions testing the major areas or resistance / support that I have been watching. Based on my calculations if both stops trigger then I will lose another 0.7142 BTC. That would leave me with 0.6171 BTC in the trading roll for this challenge. I do believe that is still enough to complete the challenge on time, but that would sure make it very difficult. On the other hand if my support and resistance levels hold then the following moves should put me well into the green before January is over. Either way I have been working really hard on finding my next positions and I will continue to focus on the process instead of the results. As long as I continue to be diligent with risk management then the results will take care of themselves. Open Positions Long: USDTRY Price: $5.55804 Projected Risk: 5.66% Leverage: 100X Exposure: 0.16 lots ($16,000) Margin: 0.048 BTC Unrealized PnL: -0.182 BTC Notes: Support holding above the phase 3 trendline is going to be very important for me to maintain a healthy bankroll for this challenge. Short: SPX500 *1/4/19 ADD TO POSITION: S MA making bearish cross with M MA = 15% added *1/6/19 SCALE OUT: P > S MA (5%) + bullish M MA (30%) + Bullish cross with S & M MA’s (15%) = 50% *1/11/19 GOLDEN CROSS does not necessarily signal scale out due to angle of L MA. Stop loss set at $2,656. Price: $2,472.62 Projected Risk (horizontal resistance at $2,650): 7.44% Leverage: 100X Exposure: 0.09 lots ($22,276) Margin: 0.0586 BTC Unrealized PnL: -0.374 BTC Realized PnL: -0.129 BTC Notes: Major horizontal resistance from $2,600 - $2,650. Stop set at $2,656. Really want to see this week close < the 9 MA. LONG XRPH19 *1/11/19 SCALE IN: P < Bullish L MA represents oversold asset in bull market. Enter: 0.00009135 Stop: 0.00008888 Risk: 2.7% Exposure: 20,267 XRP (1.8518 BTC) Leverage: 15X Unrealized PnL: +0.0099 BTC Realized PnL: -0.0046 BTC Notes: Entry was not based purely on Consensio. Bitcoin futures curve in backwardation with widening spread is main reason I was looking to add to my long exposure. Also looking at confluence of support from trend and horizontal. Guidelines would have me waiting for close above S MA to start scaling in, but I really liked the risk:reward provided at today’s close. Closed Positions Long: USDZAR *1/3/19 SCALE OUT: P < S MA = 5%. However minimum available to scale out was 8% *1/6/19 SCALE OUT: P < S MA (5%) + Bearish M MA (30%) + Bearish Cross with S & M MA’s (15%) + P < flat L MA (25% - 50%) *1/7/19 SET STOP LOSS: Stop loss set at $13.489 for remainder of position. *1/9/19 ADJUSTED STOP LOSS: Moved stop to $13.64 due to expected support from 200 MA. *1/11/19 DEATH CROSS signals final scale out. However on TD red 9 at horizontal and trend support. Leaving stop at $13.64 due to bullish 200 MA and support cluster. Negligible difference in risk, huge difference in potential gain. *1/15/19 CLOSE OUT due to not feeling comfortable about my stop because it is above 50 MA that. Adjusting the stop below would have been unacceptable risk therefore I took my medicine and got out. Price: $14.48 Projected risk: Market stop set at $13.49 Leverage: 100X Exposure: 0.06 lots ($6,000) Margin: 0.0157 BTC Unrealized PnL: -0.075 BTC Realized PnL: -0.086 BTC Open Orders *1/10/19 AMENDED stop market to short XAUUSD. Moved entry up to $1,284 due to that being below horizontal support & parabola and it provided better risk:reward. Consenio signaled entry today, but I’d prefer to wait for further confirmation. Watchtower XAUUSD Notes: Testing major resistance level. Expecting it to hold. XAUUSD Pattern: Descending Triangle Notes: Recent death cross with 50 w and 200 w MA’s. Tightest ever monthly Bollinger Band squeeze indicates huge upcoming move. NFLX Notes: Trend resistance. Unsustainable move. Earnings expected on 1/17. ETHUSD Patterns: H&S forming on daily Notes: Daily Death Cross. Passing on short due to BTC backwardation + bullish L MA. XRPBTC Notes: Appears to be breaking down symm triangle & rolling over daily L MA following Death Cross. Backwardation is the only reason I am holding onto long.
FX_IDC:XAGUSD
by Sawcruhteez
Ethereum close to completeing 4hr h&s + 4hr deathcrossthis idea is gonna remain neutral for now because fakeouts are always a possibility in crypto but we can see we are about to potentially complete a right shoulder on a very ugly looking head and shoulder pattern on ethusd's 4hr chart....we can also see that the 4hr chart is once again quickly approaching a 4hr deathcross....xrp had its 4hr death cross which led to downside followed by bitcoin which just had its and seems to be leaning towards more downside so if ethereum also gets a 4hr deathcross I'm guessing more downside is very probable...looking left on our chart we can see what kind of downside came with the last 4hr death cross...it wasn't pretty so should this 4hr deathcross occur here I think it is very very likely we will see ethereum trigger this head and shoulders breakdown which could potentially send it all the way down to $65 if this happend hopefully that will mean that the bottom of the bear market is very very near. Of course a sudden huge green candle could prevent all of this so be prepared for a fakeout around the neckline as always. It is that possibility that has me leaving this idea neutral instead of marking it as short.
BITSTAMP:ETHUSD
by DrDovetail
4hr deathcross nears…can 2 bull patterns be enough to reverse itWe currently have 2 4hr chart bull patterns forming a little falling wedge bull pennant pattern(in yellow) and a potential small 4hr inverted head and shoulders pattern....a breakup at the right point from the falling wedge pennant could give the bulls enough breakup momentum to get above the neckline of the 4hr inverted head and shoulders and even potentially trigger it...if this were to occur we could see a brief trip back up to the 3950 range. However even if this were to occur I don't think the momentum will be big enough to prevent the 4hr death cross or even flip it quickly back to a golden cross...so while both these patterns may very possibly break bullishly I think the end result is still going to be a sustained 4hr death cross and a bearish drop in price action to go with it. If they don't break bullish and it just continues to break down from here then I think we may see a double bottom bounce at the 1 week chart's 200ma around 3260 or so...if we do break upwards and hit the inv h&s target of 3950 or so there may be enough fomo generated at that point to get above the neckline of the much bigger inverted head and shoulders pattern around 4k at this point...I could potentially see this setting a huge bull trap at this point and if we did inch above the neckline I think there would be such a spike in longs that it would set the perfect bull trap for a big capitulation candle inv h&s fakeout crash from there...one that could drop to 2.8-2.9k or possibly even lower. Of course I always gotta also factor in the slim possibility however that it could actually legitimately trigger that bigger inverted head and shoulders pattern as well and take us to over 5k but that seems very improbable at this point especially with the 4hr deathcross on track to happen in the enxt 8 hours or so. Of course with crypto nothing is impossible so I can't discount the possibility entirety. Thanks for reading and understanding this is not financial advice!
BITSTAMP:BTCUSD
by DrDovetail
possible fractal tht could prevent breakdown from hitting targetOne thing crypto loves to do more than anything is fakeout the herd so although we have multiple deathcrosses across most major time frames and a breakdown from the recent bearflag, it could potentially repeat the pattern seen immediately after the price action highlighted here inside the 1st yellow circle where it only went about halfway on the rbeakdown and then liquidated a bunch of shorts by inverted barting its way back up. Be prepared for that but I wouldnt go long unless you see a bullish bart pattern start to occur the 4hr cross on xrp just happened which could be some of the market drop but the 4hr deathcross on btc has still yet to occur. this dip should have it occur much quicker than its earlier time frame trajectory of january 18th and when it does I anticipate further downside...always always always the possibility of a fakeout in crypto though.
BITSTAMP:BTCUSD
by DrDovetail
3hour deathcross turkey appears!This turkey must think now that its a couple months after thanksgiving that its safe to roam the charts out in the open...however, when a deathcross turkey appears it typically tends to bring hungry bears soon after it. in 10 minutes from now we should see the 3 hour death cross occur on btc...on xrp when the 3 hour death cross occurred recently it coincided with a decent bearishbreakdown so that could very likely happen here too with btc....btc will now have death crosses on the 1hr, 2hr, 3hr and 1 day charts....the 4hr charts trajectory suggests a 4hr death cross by January 18th currently and likely sooner if we see further bearish priceaction soon...this confluence across most major timeframes suggest the current bearflag has a much higher probability of breaking downward instead of an inverted bart...but as always its best to be prepared for both outcomes. thanks for reading and good luck! gobble gobble!
BITSTAMP:BTCUSDShort
by DrDovetail
2