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Deathcross

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
Looks like a tough ride ahead for BITCOIN !! Brace yourselves!!Hello fellow crypto traders!! Let me get right into it! Bitcoin prices has been dropping since it's all time high top. Coincidentally (or not), the all time high date was the day that CME futures started. From then, we have so far dropped from 20k down to 6k and bounced. But that bounce had retraced quite a bit and it seems that BTC is heading further down from here. The 50 days moving average is going to cross over the 200 days moving average in the next few days and that usually signals a bearish outlook for the medium term. CCI index also shows consistent strength in the selling and not looking to ease any soon. Then, we also have the large head and shoulders formation confirmation where BTC had pierced thru the neckline. We shall see if it can return back up above the neckline and save itself or simply resigned to it and the neckline becoming a resistance. Based on an educated guess, I and seeing BTC heading towards the $1000-$2000 levels before the bear market is concluded. This chart is only for educational purpose and all opinions are expressly my own. Good luck!
BITFINEX:BTCUSD
by ritsol
2
Bitcoin Key Resistance & Support Levels And Possible Path AheadWhen the trading is choppy, it is wise to know the key levels and what could happen. Being informed and ready will help you not to panic and also make you understand what is happening in the market. Bitcoin has lots of resistance around 20 EMA on Daily Chart. So in the coming days it will move toward that level and if rejected it will come down to the Support 1 which is 300 EMA on the daily chart. It will again move up to test the 20 EMA and it will fail and make a triple top which is a bearish reversal and it will fall to 1200 EMA. Also monitor the RSI on daily charts as we have resistance around 47 - 50. It will also make a triple top on the daily RSI. So here is my Prediction: 1. Moves up to 20 EMA and gets rejected 2. Support at 300 EMA 3. Move up again to 20 EMA and gets rejected. (it will also make a triple top bearish reversal pattern here) 4. Goes down to 300 EMA support and also the death cross will happen around this time. 5. Then on panic selling, it falls to 1200 EMA. If it is able to clear the 20 EMA, then you can go long for the 50 EMA level which is around 9400 and it will be rejected there for sure as per the present market conditions. Go long only after getting enough confirmation. There could be false breakouts. But due to the fear of an impending death cross, it is not likely that the bulls will be able to do much. If the 300 EMA support levels are broken on the daily chart, then it will be fall to the 1200 EMA (3800 - 4000) which is the best place to stock up on Bitcoins. From the 1200 EMA fall it will move up to the mean of 300 EMA and will start the life all over again for the next Superstock Rally which will take 2-3 years :)
BITFINEX:BTCUSD
by tanglebot
Back at 61 Fibo with good volume - are we going to hold?I just updated the death cross projection and there may be a possibility to avoid it. How it stands now.... it looks like we're going to cross on the 1st. I am bullish on Bitcoin long term but this 61 mark Fibonacci level must hold so I can remain bullish. If it goes lower than 7900, we're going deep down and if the Death Cross is complete, we might have BTC at super offer :) Hit the like button if you feel the same and liked my idea. Cheers
BITFINEX:BTCUSD
by CryptoMundi
4