BTC Officially Entering Death Cross at D-1We will look bear dominance in the next day, good luck :
$100.000 in the end of this year? maybe in the other reality yes :p
Deathcross
Extreme Fear on Bitcoin Street. #Deathcross before another dip?!Hey guys! I hope you fine and staying positive during this period.
Since last update, we reduced Bitcoin exposure from 56K breakdown. Bitcoin market continues sloping down despite good news, positive sentiments and fundamentals.
Key level to hold right now is near 47-46K. Seems like if this level is going to fail, price will drop towards 43-39-35K during January-February 2022.
In case of price action breakout from 53K-ish, I think the price will stay in the range of 55-50k for a little while.
Right now is the time to stay on hold with new entries. Being extra careful is a good plan for this short period.
Keep in mind that price action changes quickly, so if we see a positive breakout from 55k, this would mean the price will go back to the rising trend which was developed during 2020.
Best regards
Artem Shevelev
Ethereum price analysis * Ethereum is retesting the breakout level of Symmetrical triangle.
* If the price gains support on the above trendline, it will bounce back to $4850 level. Price below the lower trendline is bearish.
How soon we forget BITCOIN Death Cross and Golden CrossBitcoin is on a wild ride. Sometimes we forget where we have been. If you remember it was only a few months back when BTC had a death cross. Which was a fake out because soon after a Golden Cross triggered. And before both of those events BTC did a 500% gain in 2021. At the end of the day it seems the HODL strategy is the best strategy. Take a look at this chart and come to your own conclusion.
Be safe out there
~S
Double top in Bitcoin, Will it drop below it's support ?* Bitcoin appears with Double top in daily time frame with it's neckline as Support near $58300.
* If Bitcoin breaks it's support of $58300 we can expect a drop till $53500 ( Important support ).
* The RSI indicator is respecting the trendline by keeping the RSI above it.
Bearish divergence in Bitcoin* Bitcoin in Daily time frame is forming a Rising wedge pattern.
* If the price breaks the Rising wedge pattern we can expect a drop till it's important support around $58,000 or till the below major trendline.
* RSI bearish divergence also appeared on Bitcoin, Divergence appears when there is no longer the same momentum between price and the RSI indicator.
Australian Dollar at Risk as AUD/JPY Enters Downtrend?The Australian Dollar may be vulnerable to the Japanese Yen following a couple of bearish technical developments. This follows a rejection of the 86.253 - 85.909 resistance zone.
AUD/JPY recently confirmed a breakout under the 23.6% Fibonacci Retracement at 84.50 on the 4-hour chart. This also follows a bearish Death Cross between the 20- and 50-period Simple Moving Averages.
This has exposed the 38.2% level at 83.416. Still, prices remain above the 200-period line, which could reinstate the broader upside focus. On the other hand, breaking under it could open the door to extending losses towards the September low at 78.825.
Keep a close eye on the 82.028 - 81.662 inflection zone. The latter price is the 61.8% retracement.
Positive RSI divergence does show fading downside momentum, which can at times precede a turn higher.
Clearing 86.253 would open the door to resuming gains since August.
FX_IDC:AUDJPY
Golden Cross in ChainLink* Golden cross appeared in Chainlink daily time frame.
* Golden Cross occurs when the Short term Moving average ( 50 MA ) crosses above the long term Moving average ( 200 MA ), this indicates the long bull rally.
AAVE forms a bearish pattern* AAVE in daily time frame forms a Ascending channel pattern.
* Ascending channel appears when the price moves between two parallel ascending trendlines forming higher highs and higher lows.
* If AAVE breaks the lower trendline of the pattern we can expect a drop till $251 and to continue the uptrend the price needs to move within the pattern or break the upper trendline.
Luna in a Healthy uptrend* Luna is moving in a Channel pattern forming higher highs and higher lows, respecting the below trendline as it's support.
* After testing the below trendline (support) we can expect Luna to bounce back and form a high.
USD/CHF Ready to Bounce? Eyes on January TrendlineUSD/CHF has been in a near-term downtrend since late September, now finding itself on a rising support range from the beginning of this year.
A bounce off the trendline could pave the way for a push higher back towards a long-term falling resistance line from April 2019.
Still, a bearish Death Cross seems imminent between the 20- and 50-period Simple Moving Averages. These could hold as key resistance in the event of a bounce from here.
Breaking under the rising trendline from January exposes the 0.9019 - 0.9038 support zone, consisting of August lows. Below that sits the 0.8926 - 0.8952 zone, which is made up of May and June lows.
FX_IDC:USDCHF
Bullish continuation pattern in Tezos* Tezos in Daily time frame forms a Cup and Handle pattern.
* Cup and Handle is a bullish continuation pattern occurs during the uptrend. To continue the trend price needs to break the handle ( Falling channel like pattern).
* After a proper retest to the breakout level, we can see the continuation of uptrend in Tezos.
Will Shib continue it's uptrend ?* Shib in 1H time frame appears with Ascending triangle, with it's support as below trendline and facing resistance around $0.00004330
* In order to continue the trend Shib needs to break the above resistance.
Bitcoin surging towards ATH* After a breakout from the Rising Channel Bitcoin created a new ATH and drops back to $60K level to retest the breakout.
* Now the price is bouncing back to it's ATH after a proper retest.
Trend reversal pattern in Zcash* Zcash in Daily time frame appears with Double Bottom pattern
* Double bottom is a trend reversal pattern appears during the down trend and signals that the sellers, who were in control of the price action, are losing momentum.
* If Zcash breaks it's resistance of $176 we can expect bullish momentum in price
Will XRP continue the bull run ?* XRP in Weekly time frame forms a Symmetrical triangle pattern
* Symmetrical triangle appears pattern when the price consolidates between two trendlines slightly sloping towards eachother.
* The Below Ascending trendline works as support to the price and the above Descending trendline works as resistance. The price is squeezed till it breaks the pattern and continues the move.
* In order to continue the bull run XRP needs to break the above trendline.
Polkadot analysis in 4H time frame* Polkadot is moving within a range between it's resistance around $38 and it's major support near $26.
* The below ascending trend-line is working as support for the price. In order to continue the uptrend DOT needs to break the above resistance.
* If the price breaks the below trend-line the price will drop till it's support zone.
BITCOIN IS ABOUT TO PUMP HARD! My thoughts for the coming days.Namaste.
Getting straight to it.
Looking at the daily chart we can see that Bitcoin formed a very interesting Death Cross on the 30th of April which sent Bitcoin price violently down.
The procedure was also aided by another two Death Crosses formed on 24th of May and again 13th of July with the last one sending the price to its historical previous lows AND support levels at which point the bulls put a stop on it and took over.
Take note that the entire procedure took 81 days and sent the price of Bitcoin down by a whopping 50% !!!
Shortly after that, on the 3rd of August a Golden Cross was formed followed by an almost immediate break out of the resistance (Red line) opening the door to testing the previous ATH.
Another Golden Cross was formed on the 19th of August which is still active.
Currently the price broke below its current support line (Green) and its testing it for a breakout above.
Take note that after the price broke out below this trend line it has on both occasions found support at the 25 (Blue) and 200 (Pink) SMA levels.
Looking at the uptrend caused from the 3rd of August we see a 29% increase in 14 days and from the one from 19th of August which is still very active is a 10% increase in 15 days and its still going.
A total of 31 days so far and an increase of 39%.
If the price breaks above the current resistance (Green line) and maintains that level (retests and holds strong) and if we see the RSI breaking above its current resistance (Red line), I believe we will see a third Golden Cross (Red 100 SMA over Pink 200 SMA) which by then the price should have already tested the previous ATH and would be ready to create and all new and fresh ATH.
FOR ALL THE BEARS OUT THERE:
Looking at this from a bearish view.
Should the case be that the price is rejected from the current resistance level and starts dropping and IF a candle closes below the 200 SMA (Pink) with high Volume (this is important as recent candle close below had low volumes) then to me its a signal that we are in BEAR MODE. I would be shorting at this point and/or waiting to buy in (Green targets).
SUMMARY:
BULL MODE: My targets are in Red.
BEAR MODE: My targets are in Green.
This is just my thoughts and NOT a trading advice.
Do your own due diligence and if you find you agree with my idea then it is up to YOU how you choose to invest your capital.
MAKE SURE YOU HAVE A STOP LOSS.
Have a great one :)
Head and Shoulders part 3 Look out below ...part 3 ....
We have been following this development.....we are at a very critical point.
death cross and Golden Crosswhat is a death cross?
it show that the short-term market trend (50 day ma) is much weaker than the long term market trend (200 day ma) and we potentially can have a huge sell off in the market.
often it pump the market up in the short term and then market will move thorough the downside.
what is a golden cross?
it show that the short-term market trend (50 day ma) is much stronger than the long term market trend (200 day ma) and we potentially can have a huge buy up in the market.
often it dump the market down in the short term and then market will move thorough the downside.
Effect of 20, 50 moving average Death cross in BTCAs mentioned in my early publishing and alerts, the effect of the cross of 20 moving average over to 50 moving average on daily hour chart can make latke upset in market. and it was crossed yesterday and technically speaking, by today it can clearly be seen a drop of up to 4000 in btc. as history showed some huge drops in btc whenever these moving averages crosses as Death cross.
UAL - Recent Death Cross on DailyUAL daily chart presented showing Golden and Death Cross prints over the last few years.
UAL recently (late August) printed a death cross on the daily - in which the 50-day MA crossed down past the 200-day MA
A Death Cross print doesn't ALWAYS imply a significant sell-off (see chart), however, chart harmonics seem to be supportive of more down here/soon.
UAL Bulls BEWARE!
No active trades.
Not financial advice.
ES_F 4H Death Cross & Head and ShouldersWe're not talking a real death cross here, but you did just get a 4H death cross on ES_F. Not to be taken lightly if it happens on the 1D chart, but i think a 4H death cross should be considered serious as well.
Death Cross: www.investopedia.com
I could see the picture of getting back to $4450 area to form head and shoulders and then sliding down from there. Just an objective lens. i trade level to level so doesnt matter to much to me personally.
