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Deathcross

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
Bitcoin (BTC) MA Death/Golden Cross Analysis (Part 8) --> +7%Welcome to Part 8 of my BTC tracking analysis. I'm using a simple wave analysis to capture gains while BTC continues to decline in price. At the beginning of this, I outlined that this is my only investment in the crypto market, as altcoins don't tend to do well when new money is not flowing into the market. Some have done well, but this is much riskier than the method that I'm using here. At the end of our last leg, we were up 55% on BTC and we're not up 7% against USD. Segment 4 04/01/2018 - BUY $7,150 04/04/2018 - SELL $6,900 TBD - BUY TBD Beginning ($): $11,100 Ending ($): $10,700 Beginning (BTC): 1.55 Ending (BTC): TBD The MA is flat now, so this may also be a short segment depending on where the price moves here! Follow along and trade!
BShort
by dsgorthy
LTC... still teeteringIn my last post (LTC: FIbonacci levels are in play Apr 30) 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 this is still the case. 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 six in light blue which have served as resistance. I am concerned we will break below 106 and am not sure if this will happen. LTCs price behavior, like may coins, may depend on that of Bitcoin. I think Bitcoin (and this Litecoin) may be forming a bearish head and shoulder pattern which started in late March. I am basing this observation based on 6-hour candelesticks (not visible in my chart above though it loosely shows a potential H&S). As noted in the chart we must see an extension past the .786 (138) currently serving as resistance per the fifth yellow elliptical. Volume on any such move will also be important because per 5 downward sloping magenta lines at the bottom of the chart we have seen decreases in volume leading to decreases in price and I'm concerned this pattern may repeat itself. The start of Fibonacci (106) has held as we did not dip below 109 in the most recent dip and I'm hoping it will hold in the near future as well.  Even if we extend past the .786 we could still be below the 200 day moving average. Within the current levels as long as we don't dip below 106 an argument can be made for being neutral but the coins position is simply to precarious at the moment for me to be anything but short. Also note the 50 day MA is converging towards the 200 at the point of the sad face thus I see no evidence of upside in the near term. 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. 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:LTCUSDShort
by TNasr
Double Bottom Bitcoin IdeaSo far so good, but we need a little extra push up. Also, we need a crossover on the Stoch RSI. I think bitcoin might still be a bit frugal due to the expectation that the death cross will drag it down a lot. As I explained in my previous post, I feel like the deathcross might not be as bad as you would expect seeing the context of bitcoin and how the prices of bitcoin have established in the last months. Usually, a death cross would be a confirmation of a long-term downtrend. Actually, it is a confirmation that comes quite late - the downtrend already has occurred before you see a deathcross. Still it can move down more... However, we experienced a super hype in the media in december, so this might have affected the moving averages in such a way that it looks worse than it actually is. Furthermore, as you can see on the two-day chart, a death cross is basically non-existent and the 200 EMA is still holding it as support. I would be worried though if it severely breaks underneath it. Either way, it can still grow in various directions. If the double bottom would complete, it does fall within a classical textbook of a nice bullish double bottom. Thanks Bulkowski. Disclaimer: I am a beginner and this is not investment advice. Feedback is welcome. Note: I picked 2-day instead of 1-day in an attempt to reduce noise caused by the hype.
BITFINEX:BTCUSD
by IbbyBenali
IOTA is touching the ''Death cross''Looking at the IOTBTC chart, I noticed that the price is under 2 important points of resistance. - The previous support which acts now as resistance at 0.000159-0.000165 - The Death cross (50MA crossing the 200MA) is just above the resistance Also I have to mention that I do not trade the death cross sell signals blindly. This time I like very much the fact that the price action is really close to the death cross. There are 2 ways I could enter this trade. First is to enter when I got a new daily low, at 0.000153. The second way is to wait until the price gets near to the 50MA. In this case I got a great risk reward but the chances of being stopped out are more. Last thing, from fundamental perspective I believe that IOTA is still overvalued vs BTC (as most of the altcoins) and there is more downside in the longterm.
Short
by TradingTheFomo
Bitcoin Bearish Probability SignalsBitcoin loves triangles (they are very accurate the majority of the time). 1.) We just confirmed a mammoth Descending Triangle, which is a bearish signal. 2.) We can either breakdown from here, if we do on strength (large volume) -> Great short setup, with tight stops. Or horizontal support holds and we consolidate or more, retest resistance or breakout for the bounce we all love. (The Death cross is getting intimidatingly close too) Will do some analysis on bitcoin scenarios and post them after this.
BITFINEX:BTCUSD
by CoinDragon
1
Litecoin is at an inflection point!Dear all, Litecoin seems to be at an inflection point for multiple reasons. I'll explain. First for context please note you are looking at daily candlesticks in a chart whose scope is a little bit more than 2 months. The Fibonacci levels are determined from the run that started on Feb. 6 and ended on Feb .20. On Mar. 18 we saw LTC retrace to the .786 (in the first yellow elliptical) which served as perfect support and we subsequently witnessed a bounce. However in this bear market LTC fell further as we saw volume consistently decrease (denoted by a red downward sloping line). Very recently we saw LTC retrace to within 3 dollars of the Feb.6 start of the run (denoted by the second yellow elliptical); if we break 106 we are probably headed down more. One moderately bullish development is that RSI is showing that LTC is oversold (denoted by a red arrow) which may provide some upward momentum. The last time RSI was at this level (first red arrow) we saw a sustained break to the upside. One bearish development that almost seems imminent is the 'death-cross' of the 50 day moving average nearly breaking below the 200 day, denoted by a sad face. I entered LTC recently in the teens and am looking to sell in the low to mid 130's with a view to the .786 serving as resistance. If however LTC increases with volume I may hold longer. 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
Finally seeing bearish priceaction post deathcross; bearpennant?It was confusing to me why there was such an unexpected bull surge recently immediately following the death cross on the 1 day chart on bitfinex. We climbed almost to the last recent climb but couldn't attain a higher high above it before now finally seeing a bearish reversal...This may be because even though the 2 moving averages have crossed on the current day candle...those moving averages can be moved until the current 1 day candle closes and then their positions for today are set in stone....so maybe it was a last ditch effort by some big holders to somehow take us high enough to push the death cross back apart before the 1 day chart closes 8 and a half hours from now. That would unfortunately take about 5 times the bull impulse we've currently seen which now that we've turned back around without even surpassing the last high seems unlikely which should set the death cross into stone by the time this 1 day candle closes. We are currently forming an equilateral triangle with price action that will likely be a bear pennant and once todays 1 day candle closes and sets the deathcross in stone on the bitfinex map will likely cause all other exchanges where the deathcross has yet to happen yet to occur....this will create a bloodbath on April Fools day with people thinking bitcoin is doomed...however I think that will be cryptos Aril Fool's Joke....I still hypothesize that it will only dip to the price level of the low we reached on february 6th (5700-5900) which I think will trigger a massive double bottom at that point and see us skyrocket back up and into the bull market just in time for the second quarter after triggering a goldencross soon thereafter....this is all just a gut instinct and is in no way shape or form meant to be taken as gospel or financial advice. We will soon see in the next couple days. Make your own decisions, choose wisely and good luck!
BITFINEX:BTCUSDShort
by DrDovetail
Bitcoin and the Bear, a Love story! [BTC]Hello everyone, I hope you are having an amazing day. I'm here again today with another TA on BTCUSD Bitcoin has failed several attempts of killing this Bear and now I present to you the possible bounce areas for the further drop we may see on the future. (See what I did there? Read the Bold words again.) Let's break it down shall we? First this White line is the Main Downtrend: The Blue and Yellow lines are made of this lows: The grey supports are valid for me because of how price reacted to it on the past, here take a look: Still on these supports, I made this fib Do you see how close it is to the supports I drew? I didn't find anything that matched the 23.6% that's why I didn't make it orange :P Now to 'confirm' this Bearish action we have this: 50MA and 200MA almost crossing which starts for a Death Cross (Creepy name isn't it? :D) And after a weak Bull cross on the MACD we have a Bear one, momentum is also building up on the histogram. As for Ichimoku we have a thick bear cloud, Tenkan (Blue) bellow Kijun (Red) and the Chikou (Green) is bellow current price, all of these are Bearish signals As for Bollinger Bands we have the outer lines expanding in opposite ways which means we'll see high volatility You can see that price (at the moment of this picture) was around $300 away from the line, this mean price will try to get back near it eventually before dropping more, the Bands are to be respected :) As for Long/Short positions here we can see the amount of orders (for Bitfinex) A spike down on Longs (Blue) and Shorts (Purple) building up. This is it for now, I would like to warn you all that no updates will be posted from the 2nd to the 8th of April because I'll be on vacation! The wolf has to rest :P Since I won't be able to post updates I recommend keeping an eye on other TA's by TOP traders :P This is one of many ideas I've made, you can check my other older Ideas just open my profile and see! I'll also leave my latest TA on DOGEBTC (which is still not active) for you to read ;) DISCLAIMER: This is my own personal opinion! Don't take what I say for granted, this is NOT financial advice. Don't spend what you can't afford to lose, and remember, patience is a key on this Crypto Market! Hold is life! Trade safe and have a nice day!
BITFINEX:BTCUSD
by angel_lobs
6
The 2-day chart tells a different story about Bitcoin...Drama in Bitcoin land! But could it be not so bad after all? Perhaps. Disclaimer: I am not an expert, this is not investment advice, it is just an idea. No I am not a perma bull, I actually thought at first we will crash super hard. This chart made me doubt this. I decided to have a look at the 2-day chart to see if I would pick up some other signals there... I think I did. If you look at the 200 EMA you see that it has actually been quite a solid support line. So perhaps, going lower than this will not happen. Also, I see a potential double bottom forming. I do think the right bottom is likely to have an inverted head and shoulders in it. We will have to see how it will go today, but if the candle of the last two days will keep its long shadow, there is a good chance it will go up for now. Furthermore, the Stoch RSI is in the oversold area, which could also indicate that we should be seeing higher prices. It could also be forming a double bottom for itself there too. Regarding the death cross on the 1-day chart, it does not have to be as bad as some people make it seem. The death cross is usually actually a very late indicator that we are in a downtrend - well duh! We noticed that. When looking at past examples the death cross (and goldcross as well) on other charts were often exaggerated as having a huge impact. Seeing it in the context of Bitcoin I think it might be not that significant as most expect. When going back to previous death crosses on the Bitcoin chart I found 2, but the period did not last longer than 1 month, and the second one was about 2 weeks before turning into a golden cross again. Next to that, as we all know, there were some really good reasons why the crash occurred at the time (cough Mt. Gox). Nevertheless, whilst I like the scenario I am seeing on the 2 day chart - the shorter term movements should still be taken into consideration. This is of course all just an idea - and there still needs to be some movement before a double bottom structure is confirmed and more likely. If this scenario does play out, I do expect another downtrend starting from 11300 downwards. What do you think? Likes, comments, feedback is welcome - still learning :).
BITFINEX:BTCUSD
by IbbyBenali
Bitcoin Death Cross ConfirmedAs I predicted yesterday, the BTCUSD 50 day Moving Average has now crossed over and below the 200 day Moving Average, creating what is known as a death cross . This is the clearest possible indicator that we are just at the start of an extended bear market for Bitcoin and on our way down to 6000USD, possibly as far as 3200USD. Hit the thumbs up if you found this informative, I will keep you updated as the market develops! And if you disagree, please tell me why in the comments below - all feedback welcome. Thank you!! This analysis is for educational purposes only and not a recommendation to buy or sell. Always do your own research before trading.
BITFINEX:BTCUSDShort
by BCryptological
3
Incoming Bitcoin DeathcrossIt's been on the cards for the past week, but the rapid selling on BTCUSD of the past 48 hours has finally brought us within touching distance of the 50 day Moving Average falling below the value of the 200 day Moving Average... otherwise known as a death cross and one of the strongest possible indicators that we are moving into an extended bear market - making the drop to 3200USD that many predict increasingly likely. Worth noting: the higher the trading volume, the more significant a death cross is with regards to a negative outlook. Expect the Bitcoin death cross to occur within the next 24 to 48 hours. An alternative point of view is that the value of BTCUSD had to drop by around 75% to get the 50 day MA so close to the 200 day MA and hence the bears may have run out of steam to push it much lower. It is not unheard of for a rally to follow a death cross, so both scenarios must be considered. If the death cross comes to pass, we can expect the 200 day Moving Average to become the new resistance at around 9350USD - which tallies with my previous article, whereby the long term support has now become the future resistance at approximately the same value. If the death cross really cannot be avoided in the coming hours, we will have double resistance to Bitcoin moving back above 9000USD in the coming month, or at least until we emerge from the bear market... hopefully to a golden cross and return to a more bullish outlook. Please hit the thumbs up if you found this informative, I will keep you updated as the market develops! Thank you!! This analysis is for educational purposes only and not a recommendation to buy or sell. Always do your own research before trading.
BITFINEX:BTCUSDShort
by BCryptological
BITCOIN IS NEARING THE 2ND 'DEATH CROSS' ON THE CHARTS!This is what that means. Bitcoin has fallen below $8,000 this month. The charts are showing something that has investors wondering if it is time to panic. Bitcoin's chart shows price has experienced the first 'death cross' where the 50 sma crosses below the 100 sma. Now the 50 sma is approaching the 200 sma and it appears that the 50 sma may cross below the 200 sma also creating the second 'death cross'. This is used to illustrate when the 50 sma moves below the 200 sma – technicians often look at this pattern as a bearish sign of what's to come. And in bitcoin's case, the 50 sma has already taken out the 100 sma, with the shorter-term trend line inching lower. "When we are talking about bitcoin, I think it's important to remember that we don't have much history to go off of to identify long term trends," Jim Iuorio of TJM Institutional Services wrote to CNBC on Wednesday. "That being said, any time the 50-day crosses the 200-day, it should flash a warning…and when you couple that with the fact that bitcoin has been trending steadily lower since the launch of futures, I think that it is a major negative," he added. But not everyone believes that a death cross marks more pain ahead for bitcoin. "Fast Money" trader Brian Kelly points out that he sees an uptrend in the chart of bitcoin that has been in play since August, and thinks that the same uptrend could actually be just as indicative of where bitcoin is headed. "Bitcoin, just like the spot FX markets, follows technicals closely, therefore these support levels gain more importance," he wrote to CNBC. "If these levels hold, then it will confirm the uptrend from August is still valid." The last time the death cross pattern occurred for bitcoin was in September 2015. After the death cross, bitcoin rallied close to $500 by early November that year from around $230. Bitcoin has plunged about 38 percent year to date, but would still need to fall another 88 percent to erase all of the 2017 gains. Quotes taken from Annie Pei article from Futures Now CNBC
BITFINEX:BTCUSD
by Tradingstrategyguides
6