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Deathcross

BTC DAILY UPDATE (day 153)Previous analysis /position: 3 day death cross, shooting star and income sell signal on the Stoch are strong indications of a reversal. A short sale position was outlined and I also mentioned that I will likely be trading ETH instead do to less built up support and a higher risk:reward ratio. Still waiting on the sidelines for the ETH triangle to break up or down. Patterns: Trendline that connects 7/15 to 7/23 was violated on the current daily candle. Horizontal support and resistance: weak S: $8,081 stong S: $7,400 and $6,800 BTCUSDSHORTS: 60% long, 40% short. Just broke down 18,000 support. Funding Rates: Longs pay shorts 0.1558%. 12 & 26 EMA’s (calculate % difference): 12: +3.71% | 26: +9.46% | Recent bearish crossover on 1h and 2h. 50 & 128 MA’s: 50: +19.23% | 128: +7.12% FIB’s: 0.382 = $8,496 | 0.5 = $10,677 Candlestick analysis: Daily hanging man + bearish spinning top. Still inside wick of 3d shooting star. Ichimoku Cloud: Inside daily cloud, reentered 1h cloud. TD’ Sequential: G-2 < G-1 on daily. G-3 < G-2 on weekly Visible Range: $8,131 has largest volume profile over last 24 hours. $8,195 has largest volume profile over last 5 days and should act as strong resistance now we are below that price. $8,097 has largest volume profile over the last year. If we break down below that price then it should be very strong resistance for the months to come. BTC’ Price Spreadsheet: 12h: -0.51% | 24h: +/-0 | 1w: +5.45% | 2w: +11.89% | 1m: +32.09% Bollinger Bands: Tightest we have seen the BB’s on the 1h in a long time. Should be getting some volatility soon! Trendline: Trendline that connects 7/15 to 7/23 was violated on the current daily candle. Daily Trend: Bearish Fractals: UP: $8,523 DOWN: $7,807 On Balance Volume: Lower high on the daily. ADX: +DI and -DI are converging Chaikin Money Flow: Making a new high on daily RSI: H&S forming on daily. Weekly is threatening to fall back below 50. Stoch: Just got a sell signal on the 3d. Summary: Trendline violated, funding rates getting very expensive for bulls, price still outstretched in relation to shorter term EMA’s, resistance from 50 week MA, death cross on 3d, sell signal on 3d stoch. +32% in the past 30 days. All of these are indications of being overbought and in need of a correction. $6,800 and $7,400 have been identified as strong areas of support. Still believe that ETH is the best bet. Click here for that analysis. Thanks for reading!
BITFINEX:BTCUSDShort
by Sawcruhteez
3
BTC:USD DAILY UPDATE (day 152)Previous analysis /position: Ichimoku clouds turning bullish. Green 2 > Green 1 on the weekly. First time we have traded above the parabolic SAR since the bear market started. Incoming death cross on the 50 & 30 week MA’s. Largest volume profile over the past year is $7,576 to $8,287. 0.382 FIB = $8,496 / remaining on the sideline while waiting for further development. Patterns: Higher low at $7,900 is it in the process of making a lower high below $8,288? Horizontal support and resistance: weak R: $8,277 strong R: $8,490 | weak S $8,140 strong S: $7,745 BTCUSDSHORTS: Long:Short ratio = 60:40 | Still testing 18,500 for support. Funding Rates: Longs pay shorts 0.0749% 12 & 26 EMA’s (calculate % difference): 12 = +4.84% | 26 = +11.01% 50 & 128 MA’s: 50 = +20.49% | 128 = +7.85% | Just made bearish cross on 3D + trading in the wick on a shooting star could provide low risk entry (stop loss above shooting star wick) FIB’s: 0.382 = $8,496 | 0.5 = $10,677 Candlestick analysis: Daily hanging man yesterday and bearish spinning top forming today. 3d shooting star Ichimoku Cloud: Still inside bearish cloud - traditionally considered a no trade zone. Top of the cloud is $8,700. 3d cloud is starting to thicken. Currently testing weekly Tenkan-Sen for resistance. Tenken-sen support on 12h. TD’ Sequential: G-1 following 4 candle correction on daily. G-2 > G-1 on weekly. Visible Range: Largest volume profile over last 24h = $8,175 | Last 5 days = $8,208 | Last month = $7,433 | Last year = $7,560 - $8,287 BTC’ Price Spreadsheet: 12h = -0.5% | 24h = +0.98% | 1w = +10.57% | 2w = +28.84% | +39.74% Bollinger Bands: Testing top of 3d band for resistance. Back above the weekly MA. Trendline: Daily Trend: Connect 7/16 to 7/27 | currently in danger of breaking down. Fractals: UP = $8,490 | DOWN = $7,203 On Balance Volume: Establishing lower high/bear flag/potential h&s Chaikin Money Flow: Weekly trying to break through 0.05 | Daily looks like it is struggling to establish a higher high. Buy/Sell Sentiment on Trading View (countertrade): Oscillators = Buy | MA’s = Strong Buy | Summary = Buy RSI: Daily looks very similar to OBV. Weekly is > 50. Stoch: Just made bullish re cross on daily in overbought territory | Weekly shows plenty of room to go. Incoming sell signal on 3d. Summary Very interested to see if we establish a lower high on the daily chart. Price pulling up and into death cross on 3d chart could be providing a good short sale entry. The shooting star on the 3d is very bearish. The trendline breaking down would provide confirmation for a bearish entry. The visible range volume profile shows the most resistance at current price levels when looking back 1 year. Cannot recall the last time it was this expensive to hold a long on Bitmex. That indicates that too many people having been taking the same side of the trade and I strongly expect a long squeeze to be on the horizon. Possible Entry Could open a short at the current price level (one third of the desire position) due to the 3d death cross combined with the shooting star, horizontal resistance, visible range volume profile and the upcoming sell signal on the Stoch. $7,600 and $6,800 have been identified as strong levels of support. If a bounce from $7,600 leads to a lower high then it would be time to add another third. If a bounce from $6,800 leads to another lower high then it would be time to max out the position. Stop loss at $8,560 provides an attractive risk to reward ratio and can be adjusted with each lower high. I am still watching the triangle on ETH closely and will likely be trading it instead. It does not have the same support below the current price and is also offering a better risk:reward ratio. Click here for my full analysis.
COINBASE:BTCUSDShort
by Sawcruhteez
BTC:USD DAILY UPDATE (day 150)150 straight days of posting the daily update. If you want to improve your TA then that is how to do it! It isn't about which indicators your use or don't use, it is about developing a consistent process. Thank you very much to everyone who takes the time to like and comment, it is greatly appreciated! Previous analysis /position: Remain a bear sitting on the sidelines. Watching the 50 week MA and 0.382 FIB for resistance. Waiting for death cross from 30 and 50 week MA. Patterns: Higher highs and higher lows forming a trend. Horizontal support and resistance: S = $7,814 R = $8,475 BTCUSDSHORTS: Testing 18,500 for support. If that doesn’t hold then shorts could drop all the way to 8,800 Funding Rates: Longs pay 0.0404% 12 & 26 EMA’s (calculate % difference): 12 = +7.07% | 26 = +13.27% | Starting to posture up on the weekly. Will it get a bullish crossover? 50 & 128 MA’s: 50 = +21.70% 128 = +7.83% FIB’s: 0.382 = $8,496 | 0.5 = $10,677 Candlestick analysis: Monthly bullish engulfing Ichimoku Cloud: Daily is bullish, support from Tenkan. 12h starting to form c clamp. 1h cloud is bearish and currently acting as resistance. TD’ Sequential: Green 3 following 9 on the sell setup. Green 2 above a green 1 on the weekly with a 10 on the sell countdown. Visible Range: $8,200 has the second largest volume profile over the past 24 hours and is currently being tested for resistance. $8,200 has the largest volume profile over the past 5 days and 3rd largest over past 1 month. $7,600 to $8,335 has the largest volume profile over the past year. Breaking that level with conviction would be very significant. BTC Price Spreadsheet: 12h = +3.97% | 24h = +/- 0 | 1w = +12.13% | 2w = +31.39% | 1m = +36.03% Bollinger Bands: Pulled back inside top band on daily. MA = $7,151 Back on top of the weekly MA. Trendline: Connects 7/16 to 7/23 Daily Trend: Choppy. Starting to turn bullish. Fractals: UP = $8,500 DOWN = $7,237 On Balance Volume: Daily, weekly and monthly look healthy with no divs. Chaikin Money Flow: Created a higher low and found support at 0.1 on the daily. Broke 0.23 resistance on the weekly. Will it break 0.05? Buy/Sell Sentiment on Trading View (countertrade): Oscillators = Buy | MA’s = Strong Buy | Summary = Buy RSI: Daily found support at 65, will it get back above 70 or form a h&s? Weekly just crossed 50. Stoch: Recent sell signal on daily, still has plenty of room to go on the weekly. Summary: Continue to sit back and wait to see how far this rally can go. I will remain a bear until the longer term MA’s are in a bullish posture and the price is on top of them. Until that happens we are still in a bear market. If we can get back above $10,000 then it is very likely that my conditions for a bull market will be met. Until then I will remember that even if that was the bottom, the bulls are still inside their own 20 yard line. “As for me, I have no desire to carry the football from end zone to end zone. Just give me the territory between the 20 yard lines.” @PeterLBrandt
COINBASE:BTCUSD
by Sawcruhteez
3
BNB correction+Death CrossHey guys, First of all,i would like to tell you that i am a very big fan of Binance and what their team is doing for the crypto community. Even though we have been surprised multiple times by amazing news from the Binance development team,the BNB token used on their platform is about to lose some of it's value on behalf of BTC. As illustrated by the tehnical analysis that you can see above,we are currently in an early triangle formation,that suggests an upcoming correction to the price of BNB. Unfortunately,a death cross has formed,meaning that the 200 MA has gone above the 50 and 30 MA's. How to trade: In my opinion,staying out of BNB is the best decision,at least until we see some price stabilisation.I will provide you with an update as soon as the 18k satoshi mark is reached. Hopefully,we will see the price stay inside the white triangle and not break below. None of this is trading advice,as it only represents my opinion on how things will evolve. If this has been helpful to you in any way,please feel free to drop some change in my piggy bank, or just leave me a review in the comment section.(It would mean the world for me ;) ) BTC: 1FT5eALCLpTKtQDiwQrEvuq51ScXJQqDEZ ETH: 0x3d2966f2cd842dd4c63cb42991d234b8f07e78b5 For any questions,leave a comment down below and i will answer as soon as i get to see it. Cheers!
Short
by The_Sparrow
28
EURUSD- Bearish EURUSD REMAINS WEAK WITH FURTHER LOSSES LIKELY The single-currency looks set to weaken further in the weeks ahead after the formation of a ‘death-cross’ at the end of last week, a negative technical indicator. The chart signal occurs when the 50-day moving average moves below the 200-day moving average, highlighting slowing momentum. The cross also occurred on high turnover, another negative sign. This ‘cross’ shows short-term momentum in an asset class is falling and normally signals lower prices ahead. On the downside, EURUSD initial support is found at 1.15539 ahead of 1.14872.
Short
by Goodlandz98
NEO/BTC not looking too promisingWelcome to this quick review of NEO/BTC We see that NEO has seemingly found the base of its H&S pattern from February, nicely coinciding with the 38% fibonacci level or 0.00700000. Note that the Stoch RSI is showing oversold and similarly on most hourly time scales. There is not enough momentum to push it up. If it does, some key levels are the 50MA (in green) and the descending trending resistance (in blue). Nonetheless, you might notice a Death Cross printed on the Moving Averages. In summary, i would wait for NEO to come back down to the 23% fibonacci level or 0.00500000 to err on the side of caution. We sure love our 'big evens'. My stance is relatively bearish in the short-mid term and there is little evidence of a good trade set-up here. Happy trading :) *Not financial advice*
by gingerbre4d
Litecoin... almost thereLitecoin is at a critical pivot I have been highlighting for a long time in several posts. The 'golden ratio' of .618 Fibonacci resistance which LTC is currently teetering around (now a few dollars below). We need to see a solid extension above this level, which equates to about 163, to establish a firmly bullish perspective going forward as far as technical analysis is concerned. The importance of Fibonnaci levels is critical and this is shown with 11 elliptical circles showing where Fibonnaci levels have served as support/ resistance. Recent bullish development include: 1) A reversal in volume patterns with respect to price indicated by the upward sloping green line which is preceded by 4 or 5 downward sloping magenta ones. 2) Positive RSI developments indicated with a white dashed line. 3) Failure of the 'death-cross' to occur which happens when the 50-day movilng average dips below the 200. LTC is also above both of these moving averages. 4) Bullish MACD crossover visible at the bottom. At the time of writing RSI is indicating LTC is a bit overbought and may pull back a bit but I doubt this would be the start of a large drop. If you find this info useful please give a like, criticisms welcome.
BITFINEX:LTCUSD
by TNasr
Bitcoin (BTC) MA Death/Golden Cross Analysis (Part 10) --> +40%Welcome to my 10th segment in my golden/death cross live trading analysis series! My strategy is simple: trade the waves and lock in profits. We're making USD on long segments and making BTC on short segments. Forget trading on the absolute highs and lows, we're trading on reliable signals that have been successfully backtested and confirmed in this analysis! Don't believe me? I'm not calling shots after the fact, so go back and see the other trades. We've lost money on a few but have made a lot more than we've lost! We're still on our 5th segment here, and the metrics are as follows: Segment 5 04/08/2018 - BUY $6,900 04/25/2018 - SELL $9,000 TBD - BUY TBD Beginning ($): $10,700 Ending ($): $13,950 Beginning (BTC): 1.55 Ending (BTC): TBD This was by far our longest bull run here, and we locked in a bunch of profit because of our previous gains against BTC! Let's keep up this magic! Stay tuned for my live trades!
BShort
by dsgorthy
4
Litecoin showing signs of lifeDear all! Its been an amazing week in the crypto world and Litecoin is no exception though it hasn't has dramatic moved compare to some other coins. Usually my posts are a bit long winded but this time around I will break down my technical analysis into 4 main points. 1. We saw bullish signs over a week ago in term of RSI and a MACD crossover and these indicators were correct in guiding the near future for Litecoin. 2. In terms of the candlestick chart the fact that Litecoin managed to rebound just before we would have seen a 'death-cross' (50 day moving average crossing below the 200 day MA) is amazing plus we are very close to surpassing those two moving averages. Look for the white downward arrow towards the right of the chart 3. Per all the yellow and purple elliptical ovals in the chart signifying the importance of Fibonacci support and resistance levels it is very important we extend past the .618 to establish a firmly bullish framework. 4. Volume validates the authenticity of movements up and down. Per four magenta lines on the graph we've seen upward spikes in volume which led only to decreased volume and a subsequent decline in price. Per the most recent volume (indicated by a green upward sloping line) we have seen both volume and price increasing- very bullish. I am anticipating that we may face resistance at 150 for a reason not evident in this chart and potentially retrace back moderately towards the low 140s before continuing back up. Please give a like if you found this info useful, thanks!
BITFINEX:LTCUSDLong
by TNasr
Bitcoin 2018 Half Year PredictionBasing this off of basic indicators. The first circle is after the first death cross between the EMA 50 and 100 day moving average at the beginning of the 2015 Bull run that peaked in 2018. The second circle marks the second death cross where the 50 and 100 day moving averages cross indicating a possible end to this 2 year bull run and going bearish. I believe we will become bearish for a few months while Alt Coins have the possibility to become bullish. I also believe during this time is when a lot of coins trading in USD pairs will seperate their prices from Bitcoin and possibly other coins overtaking BTC. I am still holding in alts but no longer long term holding in BTC. For BTC to reach 70-100K it would need widespread adoption by the masses which can only be possible by a collapse of fiat currency or a financial crash. This would leverage the market to turn to gold, cryptocurrencies, and other assets to store their wealth. But if many of the alts best suitable for currency unmarried their prices to BTC that would separate a big part of the Alt Coin market from the BTC market. Meaning alt coin market cap would not be included in the Bitcoin market cap. Maybe this is the year BTC looses its crown in being the king?
BITFINEX:BTCUSDShort
by UnknownUnicorn1968121
Bitcoin to 9,700? Yes it possibleHello, Welcome back to my page, hope everyone is having a great week so far. let jump right into our weekly bitcoin prediction. Last week i told you guys that bitcoin will possibly break out to 7,400 and close the week with high of 8,000. Well, it turns out to be accurate just like i predicated it, if you havent seen my video on youtube where i predicated the price gain go check it out. For next week theres two scenarios likely to happened. btc is currently trending at 8,346. We could see a strong opening week for btc given all the chaotic things going on with stocks and in US, it would help btc in a positive way plus the last day for US taxes is April 17th which is 2 days from today. If we break up trend we could see a massive jump to somewhere around 9,700-9,800 at the end of the week. If we break side ways we could close the week with price of 8,900 to 9,100. i dont think we would fall below 8,000 at the point cause we have strong resistance below 8,000 USD. If We Maintain the current price over night without dropping, We would see a run between 9,00 to 9,200 on Monday and Tuesday and maintain through the week with a little high and down. Everything is looking good so far and i hope it works out like this so we can all make money. Please Like, Share and Follow for more accurate predications Also please let your comment below, i wanna hear from you. yes you reading right now! Thank you.
COINBASE:BTCUSDLong
by UnknownUnicorn2648994
LTC... not out of the woods yetDear all! In my last post (LTC... still teetering April 8) I noted that LTC has shown no clear direction up or down but that a recent pattern of price movement does not bode well. I think according to technical indicators this may have changed though direction is still not clear. We have recently seen some bullish indicators manifest. Specifically there has been a bullish MACD crossover (denoted with a downward pointing arrow) and a notable bullish divergence as far as RSI is concerned (denoted with a dashed white line, above MACD and below the chart) but LTC is NOT out of the woods yet from a Technical Analysis perspective. For context please note that you are looking at candlesticks, each representing one day in a chart whose scope is just over 2 months. From the chart we can see 4 (highlighted by yellow ellipticals) instances where Fibonacci levels served as support; but were subsequently broken to the downside, and 6 (in light blue) which have served as resistance. I will not focus on the Fibonacci tool in this write up as we are too far away from the most meaningful levels. Instead I want to focus on volume. LTCs price behavior, like may coins, may depend on that of Bitcoin but in the most recent leg up LTC has been lagging; your guess is as good as mine as to why and this could easily change in the future, look at the run up from Feb. 6 to the 20th for example. Following from the first paragraph above we are not out of the woods yet. This is for several reasons. In the most current run up we broke a downward sloping resistance line but this is the first of four hurdles to clear with the 50 and 20-day moving averages and the .786 Fibonacci still overhead. If and when we break them volume on any such move will also be important because per 4 downward sloping magenta lines at the bottom of the chart we have seen decreases in volume (after an initial upward pop) leading to decreases in price and I'm concerned this pattern may repeat itself. Please look carefully at two white downward facing arrows within the chart (similar to the arrow in the MACD box). VOLUME validates the strength and authenticity of price moves in any direction and we have already seen higher than recent volume on an upward move on Mar. 9 which did not lead to a trend reversal so I am concerned that the volume in the most recent pop (second white arrow/ April 12) is not sufficient enough for a trend reversal as well. Within the current levels as long as we don't dip below 106 (the start of Fibonacci levels) an argument can be made for being neutral. Also note the 50 day MA is slowly converging towards the 200 at the point of the sad face but I don't think they will necessarily inevitably meet plus remember that MACD has shown a bullish crossover if only with respect to shorter time frames. In my last post I wrote "Long term, and potentially in as little as under a month this bear market could be over and we will be headed up but the technicals have to show us evidence of that." and technicals are beginning to show just that but VOLUME is a concern. If you find this info useful please give this post a thumbs up. Lastly I want to emphasize the importance of studying contrarian views to your own. If you are long any given coin study short opinions and vice-versa, also be flexible and willing to change your mind, be like water.
BITFINEX:LTCUSD
by TNasr
Death cross?If you look closely, using the 20-50-100-200 EMA, the 200 EMA is about to finally cross 100 EMA. When this happens, the 200 EMA will be at the top, followed by 100 EMA, then 50 EMA, and 20 EMA at the bottom. This is the hallmark of real bear runs in every market ever. Also, if we look at RSI, the price level is still lower than March, yet the RSI is much higher than March levels, even with the current dip as i type this. Also, although 4H charts show good bullish indicators on ichimoku kinko hyo, the 1D charts have always been slow to reflect those. When it finally did a day ago, it was conflicting with most of the fundamentals. If the bull run starts now, it would be really conflicting with previous BTC trends. Truth is i don't think anyone knows what is at play here right now. Best to take some profits if you have them and have those fiat ready in case the big bear comes.
COINBASE:BTCUSD
by LimKopi