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Deathcross

Bearish breakdown of bullflag confirmed. Stoploss triggered.As we can see the 4hr confirmation candle has now closed below the bullflag as well giving us an official confirmation of a bearish breakdown with a projected pricedrop target at the bottom of the dotted red line. That line is currently under the 4hr buy/sell line(50SMA) which means we could potentially fall back under the buy/sell on the 4 hr. I would hope not but considering we also just confirmed a bear flag breakdown on the 1 hour chart that projects the exact same price drop target I think it's a given we will hit that target and potentially see more downside after that. However by the time the price action makes it that far down the buy sell line may have potentially dipped down to that range as well...we could also have a situation where the candle that hits the drop target does so with it's wick but it's body still closes above or on the 50MA...hoping the 4hr 50MA provides the strong support we need to bounce back and I'm putting a limit buy back right above it...but I will also be placing a stop loss just a pip or 2 below the dotted red line incase we see more downside and the 50ma does not maintain support....We would have to dip all the way under the lower 7000s to give the bears back full control based on the lower low lower high principle so I definitely anticipate a big rebound before then considering how close we are to the start of Q2 of the year (which I still anticipate will be bullish). We must too consider the bigger picture unfolding on the 1 day chart....it's important to note that during this recent bull run we never made it above the 1day charts buy/sell line(50MA) not even close...but more alarming is that the 50ma and the 200 ma on the 1day chart seem like they are set to collide with eachother in the next few days but judging by the way each one is sloping it appears the 50MA might cross down below the 200MA on the 1day triggering the dreaded death cross pattern, which will mean the path of least resistance will then be to more downside...the best bet is to set smart stop losses and keep a close eye on the potential 1day chart deathcross as well as whether or not the 4hr charts 50MA will act as the strong support we need it to. If not then this is still a great opportunity to short and accumulate more btc duuring the downtrend. Of course, this is only advice I'm giving myself and nto financial advice for anyone else. Thanks for reading!
BITFINEX:BTCUSDShort
by DrDovetail
2
Bitcoin EUR Death Cross MA cross happenedHi everyone, Moving Average Analysis We see that on the daily chart, the 50 day moving average has crossed the 200 day moving average today. The day is not closed yet, but so far we see the crossing. This is called the Death Cross, and is NOT something we see often in the history of Bitcoin. Generally facing a Death Cross, we are heading for a down trend or a push down in the market/price. The Bulls have the last days put up a huge fight to try to avoid it I think, by closing above the 200 day MA. They were strongly rejected by resistance and we can see that the 200 day EMA is pushing it down on the 4 hour chart, keeping the market in check for what's to come. I don't think that this is bad thing that is happening right now at all. We continue trading and adjust our trading strategy according to market and signals we are getting, and it is not at all the Death of Bitcoin. It just confirms that Bitcoin is not done correcting yet, and paving way for the 3 major impulse wave up towards EUR 40.000. It just wants to hit the proper bottom. I have an idea already posted on the Eagle View Perspective. Not investment advice! As a trader you are responsible for your own trades ;) Happy Trading! May blessings follow you wherever you go.
by Crypto_Trader108
2
Daily Death Cross Bitcoin BTC/USD 17th March 2018 [BTFD]We get a Death cross on the daily (finally on coinbase chart) some other charts this has come up already! nail in the coffin for bitcoin? (i doubt it, btc is harder than a honey badger) the whales who didnt buy in last feb are fomoing at the bit, so i feel we wont go lower than $4k MAX but never say never with bitcoin, for sure will double bottom here and bounce very hard, so ready for this too....remember.....big money wants a cheap buy in for sure! looking in closer timeframes we see bitcoin respecting the gann fan's, most likely drop into the purple areas towards the red and the early feb18 low so shorting the king until those bottom fibs and then looking for a few epic longs on the swing trading Bitcoin is simple price action folks, does not get simpler than this! trade well cookies and BTFD (techincally speaking)!!
COINBASE:BTCUSDShort
by majorlee
5
Bitcoin - Support Zones/Future DirectionSupport analysis of both, the previous parabolic move as well as the current slow decline, show areas of support aligning along with impending doom. Currently holding 0.382 Fibonacci, the area below is vulnerable up until the Trend line . At this point an expected rise from the Golden cross approaching within hours (200MA crossing below the 50MA, indicating short term trend upwards) on the 1hr chart along with the longer Weekly chart indicating doom with both the 50(MA) as well as the 100(MA) impending Death Cross (50MA crossing below the 200MA, indicating large waterfall drop, or couple days of trending downwards) The necessity that these cross-overs must occur before uptrend can be established is nothing new although the alignment/strength of both the 50(MA) and the 100(MA) cross-over within close proximity, along the 1hr Golden Cross reversing within this time period to another Death cross, could be a triple threat add pressure to trend downwards. Ichimoku cloud squeezing price range under $10,000 and seems it would take rally similar to last to enable support from this indicator, with volume stagnate, only rising in bursts, realistically 2 times lower then needed, this is currently not possible. RSI currently holding 40, small room with the golden cross approaching before being oversold. Would expect large rise in RSI and price to rebound after/during cross leading along trend line . MACD would need to see some price action to cross-over into positive rise, this could be possible if the Golden Cross plays out, could push price higher during this short few day period although the divergence appears to be slowing. Taking a monetary view of the market, USDT trading was very slowly being replaced with real USD, volume non-existent, FUD, the only "support" channel seems to be along the trend line . this would increase pressure on this support in such a weak and reactive market and only a sharp incline in price would allow Investors back in (Investors don't buy dips, they buy on the rise). Underlining the whole situation is trader's don't believe in the underlying technology (if anything only bitcoin -2.58% ), announcements are being held back until dust settles and constant FUD right at critical support levels. Although the technology hasn't changed from last year, the market has. It seems all indicators are at lowish levels in which a market with "legs" would jump on, but carnivorous nature of this risk built market would ensure lows are low and highs are high. Short term trade, wait for the indicators to mature and align with others, a rise should be expected within the Golden Cross up until the Death Cross comes into play (50MA expected 23rd March), Alt coin funds will be indicator of reversal, flowing heavily into tether (USDT) and BTC at this stage. One indicator that I don't have access to is if large enough funds have a Fake-out planned...and can pull it off...and hit stop losses. A correction would still occur, long term hold your ground, the market will survive. BTC -2.62% is seeing some tough times , so I should write this: ***Education Purposes only***
BITFINEX:BTCUSDShort
by CerealTrader
Bitcoin - Death cross right around the cornerBTC/USD is still on our pitchfork downtrend channel and the market is uncertain and sentiment driven. Death cross coming close with MA50 and MA200 so we need to keep an eye on that. We need to see BTC break that upper channel to consider Bitcoin bullish, otherwise we're still on a bear market. We all know that there's a lot of analysis out there considering a lot of different indicators and patterns but we decide to stick to the basics by following the KISS principle (keep it simple, stupid). Most of average traders are watching support and resistance, oscillators and moving averages. Technical analysis is nothing more than using what most people uses, because what moves markets is not patterns, is people themselves.
BITFINEX:BTCUSD
by cryptobulls51
BTC Death Cross Doesn't Matter (backtesting results)The famous Death Cross pattern is close on Bitcoins daily chart. The Death Cross is when the 50 day moving average moves below the 200 day moving average. The logic behind it is that both short term and long term trends are both negative, hence the term death. The opposite is the Golden Cross, where the 50 moves above the 200 signaling that both short term and long term prices are positive. Currently the Bitcoin prices at about $8500 is below both the 50 day and 200 day moving averages, this would potentially pull the 50 day average below the 200 day, signaling that Death Cross. Until the 50 day moving average moves below the 200 and the daily chart closes, the Death Cross is not in effect. But just because a bunch of people on Twitter are talking about the Death Cross as being the moment where Bitcoin goes to zero, doesn't mean that it is in fact the case. So I decided to backtest the Death Cross and Golden Cross all the way back to 2014. The results are not good for the Death Cross/Golden Cross proponents. If you were trading this pattern, you would have lost approximately 11% of your money with 1 winning trade and 6 losing trades. I don't know about you, but I'm not willing to make a trade based on this now Internet Famous chart pattern that flat out sucks...scientifically!
BITFINEX:BTCUSD
by ChrisD_Macro
1
BTCUSD: Buckle Up, We're Going Down!As I mentioned few days ago, a death cross is approaching on BTCUSD Chart. 200-day Moving Average has been a strong support so far, but it's likely to be broken soon. Since we saw a "double tops" formation lately, I expect BTC to fall to 7200$ at least. However, combined with Death Cross effect, we could go down further. Note-1: This is not an investment advice, I'm just sharing my observations. Note-2: English is not my primary language, so excuse my mistakes or simple explanations.
BITFINEX:BTCUSDShort
by m.yektaersoy
BTCUSD Elliot Wave 2 Complete?It appears that BTCUSD has completed the 2nd wave pullback from February lows to highs and has ABC'd its way to the bottom and we are about to begin the wave 3 (the most exciting wave) Wave 1(up) 6,000 to 11,788 Wave 2 (down)11,788 to 8,342 Wave 3 (up) TBD projected to be around the 28,400 level Wave 4 (down) near the 20k level Wave 5 (up) near 42,000 level Additionally, so far, we have held above the 200 day moving average and successfully defended the headline grabbing (yet highly inaccurate) famed Death Cross, when the 50 day moving average crosses below the 200 day moving average. The quarterly trading zones are very wide, 3,000 to 30,000 which means we can rally up to 28k and still have no quarterly buy signals, making Q2 trading zones a heck of a lot more narrow which while compressed allow very aggressive trading with high probability outcomes and a very biased (bull or bear depending on which side of the zones we are) and clearly defined trend. A couple of things coming up that could catapult BTCUSD and the entire crypto complex to new loftier highs: As we move into the second quarter of 2018 new money will be getting put to work by family offices, institutional investors and the large wave of individual investors who will jump on board when the daily price moves up again begin to draw positive headlines. March 2018 BTC Futures contract is the last futures contract priced as a monthly expiration, from now on contracts will expire every March, June, September and December. This should open things up a bit and allow bigger traders and hedgers to take larger positions over time. US Tax Refunds At this point it's not a certainty, analysis never is, however I'm taking a very small long position and have a plan to continue to add to it as we either confirm or fail.
BITFINEX:BTCUSDLong
by ChrisD_Macro
Bitcoin Death Cross on 4hr chart - march 8th 2018Another MA cross bearish indicator if been watching previous charts then this makes sense as we have been shorting bitcoin since it faked out around 11k areas watching for the retest of previous lows and if so we could be going lower obvious bounces and maybe one in mid 8000's too, risky buys but can pay off if not too greedy also se how the price respects the gann fans so use that as a guide and watch for breaking into new areas in near future peace
COINBASE:BTCUSDShort
by majorlee
5
UBQ-BTC Looking for Buy OpportunitiesUBIQ is a strong player in the smart contracts space which I feel has a fair chance of gains in 2018 once the alt coin winter is over. Looking at the chart against BTC it is trading about 300% lower than the epic price it reached back in Mid 2017 - Will it return to this level? Who knows. There is a potential death cross occuring currently. Last time this happened price continued to fall for a a couple of months. BTC seems to finally be gaining some strength generally so I think it will out perform alts in the next few weeks - we will likely see the price drop down to the buy zone indicated. The bottom of this zone was a previous strong area of support with high volume levels. i will look to pick up some coins in this area, buying in small percentages - saving some should it drop further.
Long
by HackneyCrypto
XRP _ USDTChart asked from a VIP member what happened with ripple? DEATH CROSS in 20th JAN. what its this? "A death cross is a crossover resulting from a security's long-term moving average breaking above its short-term moving average or support level ." Its a SELL signal, since DEATH CROSS XRP down 65% in value! But here we can se a reversal and XRP up 87% from last BIG swing low, and now its fighting against the old uptrend line. what its important now? Price its fighting against uptrend and if price win and still above uptrend line we will se a GOLDEN CROSS, its the inverse of DEATH CROSS (when the short term moving average cross up the long term moving average) IF price go under uptrend line our last support its in 0.78 fib level Follow me here t.me twitter.com
by CryptoRICK442
2
GNT-BTC - Looking for Long OpportunitiesLooking to build my holding in GNT and hold for 2018 as I feel it is a strong project with good upside potential. Question is when to buy in. Let's take a look Fundamental Analysis: - I feel the market for distributed computing (Airbnb for computing power) could be huge and that we could some releases in 2018. - Strong developer community (www.coingecko.com) - More analysis to follow in later linked thread... Technical Analysis: - Down 60% from All time high and up 210% from start of recent bull run - On 8HR chart price has dropped below the 200 EMA which is a confirmation that the bull run is over. Also we are just getting a death cross (50 moving below the 200 EMA) - Price and RSI are finding lower lows. - Key support/resistance levels are marked in black dotted with heavier lines being stronger. Will look to buy at 0.00004057 if it drops that far and find support.
G
by HackneyCrypto
Bitcoin Wave IV: The Wrath of Space BearsWhile the bears have their wrath on Bitcoin lets have a detailed look at the wave 4 to see how exactly they did it. Wave 4 consists mostly of nested complex corrections WXY (basically all possible abc count is substituted with wxy, because abc count is based on 5 waves (which are non existent, making abc invalid) and wxy count is based on 3 waves, making it suitable for any correction. Both the abc count and the alt wxy count are provided in different colors side by side. Of course, counting waves is very subjective and is a matter of preference. Please, see my previous post on differences between abc and wxy. Shift click + drag on chart scales to enlarge. The Star Destroyer sequence is of much interest on this particular chart. You would think that when the trend is invalidated after first 3 waves (wave 4 goes past the end of wave 1) the price will go down, but that's not necessarily the case. Instead, we've moved up to 10500 in an abc correction of a larger degree wave. That's something to remember. _____________________________________________ There are rumors that some rebel space bears, some Ewoks, were dispatched for this important mission by Star Fleet Command, led by no one other than Chewie the Chewbacca himself. Yes, some fearsome brutal ruthless EWoks, those nasty cunning little creatures. They say, a shark bite is less painful than a bear hug by one of those. EWoks are known to be very territorial and aggressive especially when disturbed during winter. Those pesky little bears will attack their enemies in swarms and rip them apart with their tiny-tiny shiny claws until nothing remains. They're like little forest piranhas. And they love honey, they really do. They use primitive weapons and tools but still are very effective. They appear out of nowhere, take their enemies by surprise and viciously attack in hoards of large numbers leaving a path of destruction behind. And they've got an eye of a tiger dancing through the fire. That kind of pesky beasts they are. They're precise. They're unstoppable. They're deep forest legends! Their wrath is like Gods' wrath. I'm talking Big Flood. The bull stormtroopers of the Empire are no match for them but rather, some bull cannon fodder in walking AT-ST metal cans. But, enough about the EWoks, you may ask: Why, is Chewie even a bear? Well, he growls like one, he smells like one and he's damn furry like a bear. And as you know, if something quacks like a duck, it probably is one. Maybe a distant bipedal relative. Could be. Sounds good enough for me. Now look at the damage they've done: Destroyed the Shield Generator and Communications Array in the forest of Endor, Blew up the Death Star, and smashed a Star Destroyer to pieces. The Galactic Trade Federation is estimating a 60% damage to the Empire after this crippling blow! They say, while Chewie has led the attack, he has not slept and eaten for three days! Not a single Porg! He did not have sex for three days! He did not even play any high stakes games! You know, being a hero is never easy. The history books will say that Chewbacca in the Millennium Falcon battled the Empire's forces and lead the attack on the battle station. And finally succeeded in restoring balance to the Force. The rebel bears still suffered severe losses through the Death Star's superlaser, when the Empire launched a surprise wave 5 attack formation. But the bears quickly deflected, regrouped, and blew a massive Star Destroyer out of the sky. Dismantling the Empire one Destroyer at a time. Seems that with its leaders dead, the Empire began its long decline, with multiple bull warlords fighting for power. This courageous attack may mark the beginning of the end for the Empire. Makes you wonder, will the Empire ever recover after this deadly Ewoks' blow, build a new army, gather the forces of evil and go to distant moons to strike back and kill some rebel bear scum once again. Some say that this only may happen once in a Galaxy Far Far Away...
BITFINEX:BTCUSD
by RagingRocketBull
Ripple (XRP) Long-term Trend Analysis. Which Direction Now?I've been long BINANCE:XRPBTC since November of 2017. It's pretty different than other cryptos, at least in a sense. The long-term goals of bringing efficiencies to the bloated traditional financial industry, in my opinion, means that BINANCE:XRPBTC has nowhere to go but up in the long run. We've seen major movements as BINANCE:XRPBTC rapidly moves on the charts, making it very difficult to predict prices movements. So as someone that looks long-term on this trade, I'm not looking to trade every little movement, but the longer trends that we can see using volume spikes and moving averages. The cross that we saw on the 10th did not have the volume behind it that previous crosses have had and the price is right around the initial cross point. I'm going to keep an eye on BINANCE:XRPBTC here. I'm not convinced that we'll rally again, only time will tell. I'd like to hear your thoughts on BINANCE:XRPBTC ! Will we see a rally or are we going to see a dip? Please comment below, as the more input we see, the more informed we are! *** This is not a recommendation to buy or sell, this is for educational purposes only! ***
by dsgorthy
5
BTC-USD - Are we at the bottom?The question on everyone lips. Let's take a look at the charts. 1D Chart Starting with the 1D to get the broad picture. Remember as well that signals on the higher charts are more reliable. Key levels of Support/Resistance are: 11470 - Has acted as strong support and resistance on the 1HR chart between 21st Jan and 29th Jan when it finally gave way to the downside. Will now act as resistance on the way back up. 10700 - Was the bottom of the wick that ended the fall on the 22nd December. Has provided support multiple times with no daily closing below it until we dropped on the 30th January. Will also now act as resistance. Upper Box - Indicates area of support which we are now testing. This was a bullish accumulation zone back in 28/29th November on the daily. It has been drawn wider to account for the accumulation candles on the 4HR chart at this time as below: 9232 - Was the bottom of the wick from the 17th Jan (and lowest recent low). This will act as resistance and is within the box discussed above. Lower Box - If we drop through the upper box and the 9232 level then the price could drop to this lower region which aligns with the last significant level of accumulation (16th-24th December). There was very little volume previously between the upper and lower boxes so it may fall through as quickly as it went up. RSI has been below 50 for a while reflecting the continued bearish sentiment. It is currently tracking down and is at 35. Will it drop further? August 2016 was the last time that the RSI fell below 30 (classic oversold zone) (Note: same date was also the last death cross on the 8HR - see below). The recovery back in May 2017 happened when RSI was at 35 which is the current level. More recent recoveries happened on the 30 (July & Sept 2017). In Nov 2017 is happened at 42 when the market sentiment was extraordinarily bullish dismiss this as an anomaly. Given that we witnessed a death cross on the 8HR recently we could potentially drop below the 30 - I would not be surprised based on this indicator. Oscillators 200 EMA - We are currently only 7% above this key average. If we move below it then I would consider that we are officially in a bear market. We have not dropped below this since Nov 15!! 8HR Chart The last time we had a death cross on the 8HR was way back in August 2016 (see below). At the time the cross coincided with the bottom of that drop. The bottom turned into the left side of a W pattern and the market recovered. The 50 EMA recovered to be above the 200 only 26 days later and it has been above it ever since....until now. Fundamentals There is ALLOT of FUD spreading going on currently with daily stories being released from South Korea, China, India, Tether. Most of these stories being published in mainstream news are out of date and seem to be being released at times that coincide with BTC price down trends. It is not a stretch to think that this is market manipulation and that institutional investors are trying to shake out weak hands. SUMMARY We are at key junction for $BTC. We need to see how price holds up in the upper box region and how it responds to returning to the 200 EMA. The RSI and historical volume plus all of the FUD and negativity indicate we could drop further into the lower box region - 8500 or below. "Luck is what happens when preparation meets opportunity" This is not investment advice. If you found this helpful or disagree with any of it please comment below. Also please follow me if you want to see future analysis on Crypto pairs.
BITFINEX:BTCUSD
by HackneyCrypto
1
Monero continues its downward trendXMR has been moving up and down quite a lot within its downward trend, with wednesday striking as low $235. Considering the MACD is indicating an upcoming uptrend, we might see another push, which I expect to be VERY short-lived. We have a death cross (red arrow) forming as the 50 EMA (blue) is moving down below the 200 EMA (green) which generally indicates a VERY weak trend. Additionally, ALTs are suffering directly from BTCs downtrend. Since Bitcoin has not hit its bottom yet and is very likely to go for another run at the $9,2k support pretty soon, we can expect XMR to move similarly, going as low as $235 again. My buy order will be at around $235, where I expect XMR to bounce back up. (The lower trendline (black) will be a very strong support) Anything can happen however, which is why we should keep an eye on both BTC and XMR movement and stay adaptive with our trades. Summary: XMR is very likely to hit its previous low from wednesday again, which is a strong support level and therefor makes for a good buyzone. Note: The blue arrows neither indicate any timeframes, nor any exact price levels. Their only purpose is to show general movement. ------------ This is no financial advice and only for educational purposes.
BITFINEX:XMRUSDShort
by Ladywalker
4