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Deathcross

S&P 500 TopI believe that it is possible to beat the market through a consistent and unemotional approach. This is primarily achieved through preparing instead of reacting. Click here to learn more about how I use the indicators below and Click here to get my complete trading strategy! Please be advised that I swing trade and will often hold onto a position for > 1 month. What you do with your $ is your business, what I do with my $ is my business. I am calling a top in the S&P 500 and the charts pretty much speak for themselves. What is most important to me is the death cross with the 50 & 200 day MA’s along with the 200 flattening out after a multi year trend. I am also viewing the current range as a Wyckoff Distribution pattern. From here I would expect a breakdown of the ice line or one last dead cat bounce to retest the middle of the trading range at $2,700 - $2,725. The 50 day MA also happens to be waiting in that area and if that does get retested then it would provide a high probability short sale entry. Same goes if we get a daily close below the ice line. When we zoom out to the weekly the picture does not get any prettier, in fact it provides very important confirmation. We broke down the 3 year bull trend line and promptly turned it into resistance. The 22 week MA has rolled down, with the price below it, for the first time since the last presidential election. This week also just closed a bearish engulfing candle. According to Thomas Bulkowski: “the bearish engulfing candlestick serves as a bearish reversal in 79% of the 20,000 examples that I studied.”(1) I have been fully out of my S&P longs for over a month and now I’m fully entered into shorts. That is due to the price closeing below the 4, 9, 50 & 200 MA’s on the daily combined with a death cross with the 50 & 200 along with a bearish crossover with the 3 & 9 MA’s. This is confirmed with the weekly closing below the 4, 8 & 22 MA’s with bearish crossovers across the board. If you would like to learn how to use moving averages more effectively then I would strongly recommend subscribing to Tyler Jenks Hyperwave youtube channel and starting with the following video. www.youtube.com (1) thepatternsite.com
FOREXCOM:SPX500Short
by Sawcruhteez
SPX - ObservationsWhats up Traders - Just looking at the charts for previous signals and potential future signals. We see that in the last few weeks, day traders could have acted on two very common trading signals - - Hanging Man - Hammer pattern Both of these signals formed and were confirmed, and would have led to winning trades. Now that we are back to the resistance line of the descending triangle, we are hoping to see a DOJI on the daily bar for 11/29/18. With a down day on 11/30/18, we would view this as a bearish signal and likely enter a short trade. Anyway, hope this chart spurs some thought. Let us know if you have any questions.
SP:SPX
by WillNixTrading
Death cross forming on S&P 500It can be seen that there is a death cross (SMA-50 crossing below SMA-200) forming on S&P 500 with daily candles. The market has been going down quite noticeably recently and it seems highly unlikely the death cross can be prevented. Drawing tangents for the SMAs indicates they will cross approximately mid December. However, the current double bottom could indicate the prices going up despite the strong downwards pressure and thus, postpone the death cross. If the price breaks below the double bottom I would see the death cross forming even before mid December but if the price goes up from now it will likely form mid to late december. All in all the forming of the death cross seems quite likely in mid December. When this happens it signals we are likely to be entering a bear market and opening more opportunities for shorting. This might be a good moment to take a look at ones portfolio and consider how much risk you are willing to take and how long your investment time horizon is.
SP:SPXShort
by etsubu
3
DEATH CROSS COMING TO A MARKET NEAR YOU!As you can see, from the chart that the current trajectory of the 50 and 200 day SMA's are indicating that by mid December we will have us a Death Cross in the Broadest market measure...the S & P 500. This could however happen sooner or later than 12/12/18. This is given that the SMA's stay on their current trajectory through 12/12/18. A larger than expected fall from here could make that Cross happen much sooner, and a rise from here would push it out until mid January or February. Its going to happen either way.
SP:SPXShort
by jasonroy40
1
Load up your trolleys and grab a mary poppins umbrella!Bitcoin fell to new lows as I'm sure everyone frantically knows and my previous trade was stopped out. In hindsight I should not have been using Bitfinex charts. The discrepancy between exchanges makes for inaccurate TA so I'll be sticking to Coinbase for my market direction until there's parity again. Not all bad news though, we may have had the capitulation we were waiting for. Before all the lucky perma bears start screaming the dirty $3k number all over the place, Bitcoin seems to have found support on the larger previous trendline connecting the highs in December 2017 to the highs in July 2018. This could potentially mean that the pop we had on 15 October was a break out from a prior falling wedge and we have now successfully tested that wedge as support. If we drop back into this wedge I am expecting a large rebound. RSI is also oversold at the lowest levels it has been since January 2015, so I don't believe that there really is not much room for additional selling pressure. Same applies to all relevant time frames so get shopping and load your trolleys. A move back into the apex of the previous wider falling wedge will hopefully see a breakout from there. When tether drops like this the market becomes unsettled so hopefully the volatility keeps on creeping back over the next week so the breakout can take place with strong volume. If we have a deathcross on the 3D chart between MA50 and MA200 then this trade is trade is invalidated and we stay below the trendline resistance at least until SEC decision date on 29 December 2018 imo so keep an eye on your 3 day moving averages and use appropriate risk management, especially at these levels (if you're swing trading).
COINBASE:BTCUSDLong
by Corn_Reaper
Bitcoin Daily Update (day 255)I believe that it is possible to beat the market through a consistent and unemotional approach. This is primarily achieved through preparing instead of reacting. Click here to learn more about how I use the indicators below and Click here to get my complete trading strategy! Please be advised that I swing trade and will often hold onto a position for > 1 month. What you do with your $ is your business, what I do with my $ is my business. My recent Bitcoin Bubble Comparison - 3 Day Chart led to the following calls: < $5,750 by 11/15/2018 & my prediction for the bottom is $2,718 by 1/20/19 | My Bitcoin Bubble Comparison - Monthly Chart closely mirrored my price and time targets | Calling for $35 ETH before the end of 2018. Previous analysis / position: Short BTC:USD from $6,353 and Short ETH:USD from $205.72 Pool league started last week and it has gotten me out of my routine a little bit. Not going to be able to do the full post tonight, however wanted to provide a quick update. It may not seem like there has been significant price action over the last 24 hours, but there has. The price closed below the symmetrical triangle and created a new low. We are now seeing resistance from the short term MA while the medium and long term MA's are making a death cross. Now is the time to be fully positioned into a short (if you're into that kind of thing).
BITSTAMP:BTCUSDShort
by Sawcruhteez
5
Bitcoin Daily Update (day 230)I believe that it is possible to beat the market through a consistent and unemotional approach. This is primarily achieved through preparing instead of reacting. Click here to learn more about how I use the indicators below and Click here to get my complete trading strategy! Please be advised that I swing trade and will often hold onto a position for > 1 month. What you do with your $ is your business, what I do with my $ is my business. I recently posted Bitcoin Bubble Comparison - 3 Day Chart . It provided new dates and prices for the bottom, however it’s still slightly too early to abandon my predictions from the previous Bitcoin Bubble Comparison ]Bitcoin Bubble Comparison: 1 day - 5 days = < $5,750 | bottom prediction: $2,860 by 10/30 | Calling for $35 ETH around the same time Previous analysis / position: “If we breakdown $6,370 then it would confirm the bearish harami as well as the hanging man. If that were to happen I will be prepared with a small stop order set to short $6,369.” / Short USDT:USD’ from 0.968 Patterns: Descending triangle / bearish harami Horizontal support and resistance: S: $6,410 | R: $6,454 BTCUSDSHORTS: Really started to look like they will break out of the triangle to the upside. Once volatility picks up so will volume and we should see unprecedented levels of short sellers. Funding Rates: Longs pay shorts 0.01% Short term trend (4 day MA): Bullish (price above MA) Medium term trend (4 week MA | 2 & 32 day MA’s): Bearish | Bearish Long term trend ( 32 Week | 50 & 128 day): Bearish | Bearish Overall trend: If daily closes below $6,438 then all will be bearish Volume: Surprised volatility didn’t continue after the volume spike on the 15th. Now we are back to painfully low levels. FIB’s: 0.618 = $6,530 | 0.5 = $6,441 | 0.382 = $6,351 Candlestick analysis: Harami inside a harami. Can we get a 3rd matryoshka doll? Ichimoku Cloud: 4h cloud acting as strong support at $6,424 TD’ Sequential: Weekly red 2 will fall below a red 1 at $6,086. Placing a stop order there could be a good idea Visible Range: Gap in volume from $6,246 to $6,371 with 5 day look back Price action: 24h: -0.1% | 2w: +/- 0 | 1m: +2.95% Bollinger Bands: Daily MA acting as strong resistance Trendline: Top of descending triangle ~/= $6,725 Daily Trend: Chop Fractals: Up: $6,792 | Down: $6,057 RSI: Hanging around 50 on most TF’s. 4h is a little overbought Stoch: Recrossing bearish on 12h, going for retest on daily after creating higher high Summary: I am closely watching the red trendline on the USDT:USD’ 1 hour chart as well as prior historical support at 0.9642. As long as it stay below those areas then I do not feel very comfortable about holding a short on BTC’ or ETH’. Furthermore I am strongly expecting the lower wick from October 15th’s candle to get re explored, similar to what followed October 2nd’s candle. If it has another selloff then BTC’ and other cryptos should get another pump. If it stablizes then I will feel comfortable going back to my normal approach of 99% TA Nevertheless, trading is about risk reward and properly managing positions. If the r:r is tilted too much in my favor then I will open a large position regardless of what is happening with Tether and I will use a market stop loss if need be. I posted a chart earlier with a $35 target for ETH:USD and that is a prime example of something that is too favorable to pass up. In the mean time there is an incoming death cross on the 3D chart with the 50 and 200 MA’s. The first close below the 200 MA is what led to my most recent Bitcoin Bubble Comparison . Only other time this happened was in October of 2014.
BITSTAMP:BTCUSDShort
by Sawcruhteez
10