BTC time for buyers - death cross soon to confirm bottom Simple chart and a conventional buying zone.
Lagging indicator death cross tbc later in the month, expect bear fomo in that period - note: 1 month after our previous death cross mid 2021 we pumped, 29k was a good buy.
Looking at RSI we've got a small DB on the daily with potential to breakout in coming weeks.
Trend line is obvious support, defence been in play at key points over the last few days, we are also in a strong support area as illustrated, loss of trend line will not be fatal - am expecting some trickery from our MM'ers, 38k not off the cards to bring in the volume.
IMO - bullish
Hope everyone had a wonderful festive period
Deathcross
HIGH ALERT: Bad weather and death crossesI won't say much here because I've narrated much of what I think is going on across several indices.
These are very troubled and dangerous times in the markets.
Some say it is not possible to time the markets. I disagree.
Whilst death crosses come and go, the important contextual issue is when they happen.
These death crosses have occurred after a most ridiculous expansion of markets, in the context of reckless Q/E.
PE ratios have been off the scale. We know the markets are overbought.
So death crosses in the particular context of the markets are significant now.
Disclaimer: This is not advice or encouragement to trade securities or any asset class. This is not investment advice. Chart positions shown are not suggestions intended to assure you of an advantage. No predictions and no guarantees are supplied or implied. The author trades mostly trend following set ups which have a low win rate of approximately 40%. Heavy losses can be expected if trading live accounts or investing in any asset class. Any previous advantageous performance shown in other scenarios, is not indicative of future performance. If you make decisions based on opinion expressed here or on my profile and you lose your money, kindly sue yourself.
NFLX Netflix: 1D Chart ReviewHello friends, today you can review the technical analysis idea on a 1D linear scale chart for Netflix, Inc. (NFLX).
The chart is self-explanatory. Death cross may be coming up. RSI just broke out of the support line. Keep an eye on the Support Zone.
Included in the chart: Trend line, Support and Resistance Lines, RSI, MFI, Death Cross, Simple Moving Average, EMA Ribbons, Volume.
If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments below.
I have additional charts below on cryptocurrencies, stocks and more to review. Check them out!
Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis . Don't trade based on my advice. Do your own research! #cryptopickk
State of the market update. Video Includes: BTC SOL SHIB BNBIn this video I go over showing why the 45k BTC level is so important. I also explain a bit about the golden cross and death cross and how the EMAs can sometimes show us what might be coming. I go over some other Alt coins in a display to go over the rest of the market. Remember BTC is the front runner. The main attraction. The crypto leader all other coins follow. Use that information to your advantage.
MSFT - looking precarioussigns looks toppish at the moment as has been whipping up and down the 200 day moving average for the past 3 months. Could continue to range between 272 - 315 (give or take several points) for another few weeks or even months until it breaks either way.
watching 272 which was the support for the past 2 months, each test at this support will bring in less and less bulls.
Disclaimer: Just my 2 cents and not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance and don't forget that money management is important! Cheers.
BTC Danger $20KI've been watching the market very closely the past couple of months and this does not look good. What I see is a bear pennant that just broke down. BTC has already had a monthly MacD cross down, broken this bear pennant, and is about to have a bearish 4hr 50/200SMA death cross. All bad news to me. If this does play out with a 50% correction, just imagine what that does to Alts. Tread carefully over the coming days.
ABC on point! Following on from my previous post regarding LUNA. We can clearly see this is now in an ABC correction after having completed wave 5 to $118. LUNA is now trading below the ML of the green TC and also under the ML of the red TC. With the impending DC starting to converge I expect a breach of the green TC to the A before a bounce. However this would take us to the previous 618, (yellow rectangular box) which if fails, would see a significant drop lower. My bias is to hold my short down to the A, asses the PA at that time and consider TPing and going long up to the B.
DAX: Flashing a clear warning to everybody!Some saw it, some missed it - and some don't want to see it.
It's still there: The Death Cross.
It is not common for a death cross to appear on daily time frames of indices. When it happens due caution is needed.
No predictions here. The probability at this time is greater for the south. How far south? The markets will tell us. The markets have not spoken to me.
Disclaimer: This is not advice or encouragement to trade securities or any asset class. This is not investment advice. Chart positions shown are not suggestions intended to assure you of an advantage. No predictions and no guarantees are supplied or implied. The author trades mostly trend following set ups which have a low win rate of approximately 40%. Heavy losses can be expected if trading live accounts or investing in any asset class. Any previous advantageous performance shown in other scenarios, is not indicative of future performance. If you make decisions based on opinion expressed here or on my profile and you lose your money, kindly sue yourself.
Dogecoin: 120 days after Death CrossDeath cross is a graphical pattern in technical analysis that shows the potential for high sales and lower prices.The death cross appears in an asset or index chart when the short-term moving average, the long-term moving average breaks it and goes lower.It has been 120 days now that the 50-day EMA has broken the 200-day EMA downwards.To start a bull market, the 50-day moving average must first be bullish , and when the 50-day moving average crosses the 200-day EMA , a golden cross will occur and the price will accelerate faster.
We now see that the slope 50-day EMA has increased.If the above trend continues,the golden cross will happen soon.
Nasdaq composite (IXIC) deathcrossAs Russia/West tensions increase and US stock futures in red, it is easy to expect a further sell off in equities (the same should happen in crypto market). We already had a deathcross (Daily timeframe on top chart) on Friday and if you check past this pattern is actually bullish long term. Considering the Weekly chart, I am expecting a close below 30 RSI (11) this or next week. That would be another confirmation of the bottom. You can check BTC and TOTAL crypto mcap charts as similar oversold setup closing in on Weekly.
Of course this does not mean we can't have further move down later this year, but once weekly closes below 30 on RSI and another week above its a very good confirmation we should see some rebound at least for the next good few weeks.
Deathcross tradeI've been tracking this since the BTC death cross occurred and while I know this is too late for anyone to make any profitable decisions it is worth making a note for the future. You can verify the 50 and 200MA death crosses yourself but the probability of BTC going back to 200MA is very high (only failed once in Sept 2014). Currently my safe target would be 48k. Why am I showing then the TOTAL crypto mcap chart? Well as you know other digital assets will not move up unless BTC is going up (in most cases as some directly impacting news can move an altcoin despite BTC moving down) and watching both TOTAL,TOTAL2 and BTC charts can give you a better view of the whole crypto market (add BTC.D to the mix). We are still around 10% off the minimum target and while macro outlook isn't great if it is to play out as expected based on past performance it is most likely going to happen over the next couple of weeks.
If we drop lower and make new lower low then lower high this death cross trade will be treated as failed setup.
Either way as mentioned before worth adding this to your trading setup arsenal (watch BTC and TOTAL charts on Daily only and you can then make bullish decisions on other crypto of interest)
Is NVDA heading toward 162$?The past few weeks, the markets have been extremely volatile. Some are arguing we are in a bear marker, others still convinced on this being a correction.
Regardless your side on that, NVDA is in a clear descending triangle, which is text book bearish, and you can argue almost every tech stock including qqq and spy have formed a major head and shoulders topping pattern.
The sentiment is very bearish right now and today we closed in bear market territory(down 20% from the high). We also closed the day, on multiple tech stocks including the etfs, with a death cross on the daily.
Textbook profit target based on the base of the triangle would be about a 50$ move to 162$. There are multiple stocks forming this pattern and I will upload some of them after this.
BITCOIN BTC-USD DEATHCROSS SIGNALS BEARS HAVE WON!Major sell off of bitcoin STILL LOOMING..I have also seen multiple death crosses on many other benchmarks. The feds and algorithms on our manipulated and rigged markets is trying really hard to rally and prop of all markets not just cryptocurrencies. These rallies will not hold in my opinion. The BEARS HAVE WON and i am seeing confirmed signals of a permanent bearish reversal that is leading to a possible recession globally. All other major worldwide benchmarks are being affected and suffering equally as well.
BITCOIN ACTS MORE LIKE A BENCHMARK THAN A HEDGE. IT SEEMS TO FOLLOW THE SIMILIAR BEHAVIOR IM READING ON OTHER BENCHMARK CHARTS. IT IS NOT A HEDGE ANYMORE AND MORE THAN LIKELY NEVER REALLY WAS. WE HAVE THE TULIP MANIA ALL OVER AGAIN. IT ACTS LIKE THE DOW, NASDAQ OR S&P.
Just my theoretical analysis of what i see. Take it with a grain of salt.
Thank You,
Cryptobuzzanalyst
Disclaimer
I’m not a certified financial planner/advisor, a certified financial analyst, an economist, a CPA, an accountant, or a lawyer. I’m not a finance professional through formal education. The contents on this TA,(Technical Analysis) is for informational purposes only and do not constitute financial, investment, trading, accounting, or legal advice. I can’t promise that the information shared on my posts is appropriate for you or anyone else. By using or reading this technical analysis or site, you agree to hold me harmless from any ramifications, financial or otherwise, that occur to you as a result of acting on information found on this analysis.
Bitcoin Death Cross and the 200 Week Moving AverageHi everyone,
Thank you for considering reading my idea.
Next week may be the death cross of the 20 week and 50 week moving averages. Historically in 2014, it took 22 weeks for Bitcoin to touch the 200 week moving average while in 2018 it took 23 weeks.
This 2022, we can "predict" it may take 22-24 weeks (Aug 15-29, 2022)
22 weeks is the least amount of time while 24 weeks following the pattern 22 > 23 > 24.
Obviously, this is just a pattern and a fun prediction that can be invalidated but is interesting to watch. Let's see how it will play out.
Thank you for reading my idea. Like this idea and follow me for more ideas like this. NFA . TAYOR. DYOR.
Cheers,
Juvs
BTC's 21EMA & 50EMA 🔎Interesting! So there has been 4 times in the history of bitcoin
where the 21 EMA dropped below the 50 EMA
including the one that's proceeding to happen. Each time it happened
it was a significant drop in price. Now combine that with an M top forming on the weekly.
We might see a similar drop like in 2014, or possibly worse?!?
Thought this was an interesting find!
May peace be the journey, and remember to take profits & stay safe!
CRWD - more downsideLager trend is still down despite the strong rally during the 1st half of Febuary that brought it all the way up to retest the neckline & 50 day moving average.
Near Term suppoat @ 152 coming up but likely to fail.
Negate bearish views if it manages to go back above the 50day moving average in the near term.
Disclaimer: TA is about improving our odds of a successful trade (not a guarantee). This is just my own analysis and opinion for discussion and is NOT a trade advice. Please your own due diligence and trade according to your own risk tolerance and don't forget that money management is important! Thank you.
EVR - broke neckline on strong volumeEVR formed a bearish Head & Shoulders and 1st started to break the neckline on 20 Jan, however it began a strong shortly after that brought it back above to retest the declining 50day Moving Average. The death cross (50 day MA crossing below the 200 day MA) is now apparent, so are lower highs and lower lows. Last Friday's break of the neckline (again) was on very high volume.
Tested some shorts with a tight stop loss just above 130. The theoretical target of this H&S will be aroud 83. However, I would protect profits with trailing stops if trades goes my way.
Disclaimer: TA is about improving our odds of a successful trade (not a guarantee). This is just my own analysis and opinion for discussion and is NOT a trade advice. Please your own due diligence and trade according to your own risk tolerance and don't forget that money management is important! Thank you.
DEATH CROSS PRINTED ON FRIDAY- LOOK OUT BELOW!!!Nasdaq along with many individual stocks I am short printed an official death cross on Friday. If you don't know what that is, it's time to close all your positions and find another line of work. A death cross is a textbook SELL signal, no more "buy the dip" and hope stock market of overpriced high flying money losing companies courtesy of the perpetual money printing of the FED. We are in an unofficial bear market with the averages but confirmed on many individual stocks. Nothing but headwinds on the horizon. And, without the federal reserve backstopping this bubble the bubble will continue to burst, as it should! I have traded bear markets before, they are not fun. It doesn't mean to get short anything and everything and wait, bear markets do not work that way and are met with many violent rallies on the way down.
Death Cross AnalysisHi guys,
This is the famous Death Cross most people already knew, but not many keeping attend to. So I want to share my views and give everyone a better look at the Death Cross and how I identify the BUY Signal here.
In case you don't know what Death Cross is, you can setup one on your chart right now with this setting:
1) 1-day bitcoin chart
2) 50-EMA (short-term)
3) 200-EMA (long-term)
Death Cross is when 50-EMA cross below 200-EMA.
I use EMA which gives me a more accurate data than the MA.
And this Death Cross is an indicator for LONG-Term Big Trend guide, so to assist you on planning your own trading strategy. Because for trading, the no.1 most important 1st step to look out for, is the LONG-Term Big Trend, then only you look at what your strategy is going to be. And because if you go against the LONG-Term Big Trend, you're asking for trouble.
Back on the Chart, the orange circle is where Death Cross happened, and the light green circle is where bitcoin price cross above the 50-EMA, this effectively confirms the uptrend is here or coming very soon.
You: So what if it's a bull trap and it went back down again?
Me: There's no 100% perfect indicators in the world, so we must have plan B. My strategy to tackle that problem is to use DCA, meaning you don't use 100% of your money to buy at that point, instead you buy with 30% or lesser, then put up 1 or more limit orders at lower levels to grab price dips.
You: So which lower level for DCA do you think is good?
Me: I've another indicator which is the 2-Year MA Multiplier and 300-WMA level. So I'll put a buy limit order at around 2Y-MA bottom line and another one at 300-WMA line.
My strategy never sell any trade at a loss, yes, I don't have Stop Loss, from my experience and all my strategy backtest and real-test has shown me that in long run, I'll not make more money using stop loss. And stop loss causes emotional FUD, which is no.1 killer in trading, you'll lose your sense and do stupid things like panic sell and panic buy.
Alright, right now, price hasn't cross above 50-EMA yet, so hold your horses, don't rush to buy in, setup your own Death Cross indicators on your chart and monitor for the price to cross 50-EMA line.
Good Luck and hope this helps.
$EGLD: follow the DEATH crossesI did an idea long ago about following the GOLDEN crosses. It is linked below.
While that Idea is not going to fully work, I think it is inherent to what is going on in this cycle. It is lengthening and BTC is as well having a loooong sideways behaviour, between 35-65K. More and more we will see this, in no way we will go to moon in a week :)
So this is just another observation, more than an idea. And the observation is that after a red cross (DEATH cross), we always had like 1 month of further accumulation (sometimes more volatile than others), and afterwards we had reach an ATH in between 100 and 150 days since the DEATH cross appeared.
A DEATH cross seems to come our way around Jan 23rd, in around 3 days. So let's say we have another 160 days period until the new ATH. That would put us at July 1st. I think the target could be still 1100-1200, as depicted there. It is not crazy, just see what Elrond has done looking back in time.... and we are going to see many features in the ecosystem. Remember Mincu's word: 2022 will be MASSIVE.
I have used the dueling pitchforks i used in other ideas, linked below, but with less messy diagonals.