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.
Deathcross
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 :)
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.
🚨BTC Macro Cycle: "Hidden Death Cross" & "True Golden Cross"🚨In this idea, I identify what I call the 'Hidden' Death Cross & 'True' Golden Cross.
They are the the cross of the weekly 50 SMA & 50 EMA.
- With 8/8 historical cross cycles completed, this is statistically significant in the macro economic trend of Bitcoin and currently has a with 100% success rate.
a. "Hidden Death Cross" consistently delivers a significant market contraction
b. "True Golden Cross" consistently delivers a significant market expansion
This trend displays significant statistical probability, and while I propose we cannot expect future cycles to repeat past results, we can assume there is a high likely hood of the trend repeating in some form and used past results as guidelines for future performance.
Weekly "Hidden Death Cross" Data
5 Hidden Death Cross (HDC);
1. 26-Sep-2011: -60%
2. 07-Jul-2014: -73%
3. 28-May-2018: -62%
4. 24-Feb-2020: -61%
5. 30-Aug-2021: .......
6. .......................
Success Rate: 100%
Failure Rate: 0%
Average Contraction: -64%
2 Standard Deviations Range (99% Confidence):
Min -57% / Max -71%
BTC Weekly "True Golden Cross" Data
4 True Golden Cross (TGC);
1. 16-Jul-2012: +16'890%
2. 20-Jul-2015: +7'192%
3. 29-Apr-2019: +179%
4. 03-Aug-2020: +531%
5. ......................
Success Rate: 100%
Failure Rate: 0%
Average Expansion: +6'198%
2 Standard Deviations Range (99% Confidence):
Min - / Max 15'000%
Comparison wit the famous Daily Death Cross & Golden Cross Trend
BTC Daily "Death Cross" Data
BTC Daily: 7 Death Cross (DC);
1. 10-Apr-2014: +56%
2. 07-Sep-2014: -69%
3. 15-Sep-2015: +23%
4. 04-Apr-2018: -60%
5. 22-Oct-2019: -29%%
6. 26-Mar-2020: +50%
7. 23-Jun-2021: -22%
8. .......................
Success Rate: 57%
Failure Rate: 43%
Average Contraction: -50%
2 Standard Deviations Range (99% Confidence):
Min -20% / Max -70%
BTC Daily "Golden Cross" Data
BTC Daily: 5 Golden Cross (DC);
1. 08-Apr-2012: +24'169%
2. 13-July-2014: -23%
3. 21-July-2015: -30%
4. 02-Nov-2015: +6722%
5. 25-Apr-2019: +163%
6. 17-Feb-2020: -62%
7. 23-May-2020: +643%
8. 15-Sep-2021: .......
9. ........................
Success Rate: 57%
Failure Rate: 43%
Average Expansion: +7'924%
2 Standard Deviations Range (99% Confidence):
Min - / Max 21'000%
Additional Hidden Trend
Daily Death Cross & Golden Cross Triplets.
In addition to the standard crosses, we can identify a pattern of 3 crosses together;
1. Daily Death Cross, Golden Cross, Death Cross: This results in a bear market with a 100% success rate
2. Golden Cross, Death Cross, Golden Cross: This results in a bull market with 100% success rate
I will be posting on these trends more, since they are statistically significant and I believe will continue to display similar results, regardless of the FOMO or FUD that may be happening at the time.
What are your thoughts?
yemala
🚨💡BTC: 'Hidden' Death Cross 100% Probability of Correction💡🚨Remove the Noise!! This is pure mathematics, statistics and probability.
The 'Hidden' Death Cross & 'True' Golden Cross are the cross of the weekly 50 SMA & 50 EMA, which with 8/8 historical cross cycles completed, consistently (100% of cross cycles) result in a significant market contraction or expansion.
Note: I am bullish on BTC, but these macro economic cycles must complete and ignoring statistical probability because of over bullish dreams, sentiment or "conviction" is likely the no. 1 fallacy of most traders in all markets.
In the following historical analysis, I identify each cross,
For contractions, I use the price at the date of the Hidden Death Cross, to the lowest price to determine the price drop percentage.
5 Hidden Death Cross (HDC);
1. 26-Sep-2011: -60%
2. 07-Jul-2014: -73%
3. 28-May-2018: -62%
4. 24-Feb-2020: -61%
5. 30-Aug-2021: -....
- 100% Probability of Market Contraction
- Average contraction: 64%
Standard Deviation (Confidence);
- SD 1 (90%): Max 68% / Min 60% Correction
- SD 2 (95%) Max 69% / Min 59% Correction
- SD 3 (99%): Max 71% / Min 57% Correction
Market expansions are identified from the price at the date of the True Golden Cross, to the highest price to determine the price increase percentage.
4 True Golden Cross (TGC);
1. 16-Jul-2012: +16'890%
2. 20-Jul-2015: +7'192%
3. 29-Apr-2019: +179%
4. 03-Aug-2020: +531%
5. ......
- 100% Probability of Market Expansion
Expansion values too variable for significant deviation estimation
Conclusion:
I am a TA traditionalist, I believe that the price reflects all known / unknown information and that price action reflects human behaviour in reaction to the changing nature of the information to establish the best possible price at that moment in time.
Based upon the mathematical analysis of the price action, for example tracking moving averages, we can identify the trends in human behaviour and apply statistical probability to these trends.
As can be observed above, the statistical probability of this trend is considerably strong, with a 99% confidence of a drop in the range of 57% to 71% after the Hidden Death Cross that happened the 30th of August 2021.
What do you think?
yemala
Death Cross (inverted)Channel broken. Downtrend inverted. Can be just a momentum.
Inverting the death cross is a very good sign tho!
If we manage to do this... awesome! But beware we can always death cross down again.
Only after we break ATH at 64,8k usd we will know for sure this beast is going up.
Cheers and good luck.
Crash Alert of Death cross Similar to the crossover of Daily 50 and 200 moving average, 20 and 50 moving cross over also effect sometime super and some times mini crash.
currently 20 moving average is about to cross over the 50 daily moving average, we are likely to see little upset in a coming days but Since we are already entered in a Golden cross of Daily 50 and 200 moving averages, it may delay the effects of both crosses and neutral the BTC market in to consolidations.
History reveals a major and minor upsets whenever 20moving average crossover the 50 daily moving average.
Bitcoin is confirming the next Bear MarketHello Everyone,
Quick post for today. After a 20x gain over an entire year, I believe Bitcoin is confirming the next bear market cycle. Here are the technicals:
1. Rejection of the Hull Moving Average: The hull moving average has been a consistent determination in whether we remain in cycle or not. In both previous cycles, we see Bitcoin lose the hull moving average then on an attempt to regain, it rejects or fails and price continues downward.
2. Death cross: After rejecting the hull moving average, there is a death cross of the 20WMA and the 50WMA. This immediately happens after rejection and is another confirmation of a bear market.
3. Dead Cat bounce: There were 2 distinct dead cat bounces right after the fall from each cycle ATH. This is noticeable with the bearish price action: low volume higher price
4. Negative RSI: RSI seems to be going down as bitcoin continued to make highs. This is a bearish indication
5. Weakening MACD: MACD is weakening as bitcoin has another attempt at the 65k all time high.
Although some of you may be discouraged, angry, or depressed the bear market is the best place to DCA and restock swing trade buys. My guess is the bottom is consistent with the 200WMA as it has been the bottom of each of the other two bear cycles.
My plan moving forward is to DCA between the 100 and 200 WMA as well as look for swing trade plays during the bear market.
As always, be patient, use risk management, and good luck trading!
Is American Airlines Flying South?American Airlines has been trying to hold $20 for the last two months, but now it may be ready for a deeper breakdown.
Notice how AAL bounced firmly at that level in mid-April. It’s tried to get back above $20 in the past month, but without much success. That suggests old support has become new resistance.
Next you have the trio of lower highs on July 27, August 11 and September 9.
Third, the 50-day simple moving average (SMA) has been pushing downward toward the 200-day SMA. At its current pace, that “death cross” could occur soon.
Fourth, the weekly chart had a bearish inside candle last week and a bearish outside candle this week. That may suggest a period of tightening and consolidation is ending.
Finally, the macro backdrop is potentially difficult for AAL as travel remains below pre-pandemic levels and Transports struggle. It’s also one of the most leveraged members of the S&P 500.
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Cardano on it's crucial support* Cardano is currently trading around it's All Time High respecting the below major trend-line as it's support.
* Cardano drops for almost 17% from it's ATH and gained a support around $2.5.
* If the price breaks the support zone it will again drop till $2.2 or the price may even pull back from the support zone to it's ATH.
BTC Weekly 8 and 21 EMA acting as Golden and Death CrossA nice observation could be this of 8 and 21 weekly MA on BTC, noting in mind that an attempt to make a golden cross after the death cross was made which always resulted in more than 60% correction ;)
if u have any money on spot, i'd recommend to get out b\w 50-52k after that a dump to 26k follows ;)
S&P:What do we say to the God of the Death Cross.507 days since ES mini crossed over the death cross.
My idea is that the fed QE and stimulus bill passed March 27 elevated the market out of its previous channel formed in the 2008 financial crisis into a much steeper "By The Dip Channel".
The market will need to eventually cross over the 50/200 day death cross. Last encountered March 27 (507d)
Big MOC ES prints started hitting March 27th 2020 shortly after the MOC meeting that day.
@spotgamma tweeted I've been told by the futures guys that the 3:50 MOC headline brought a nano-second later ES print that was "f'ing huge".
twitter.com
The short term outlook depends on what's said at Jackson Hole.
ES may continue a slow burn up into higher resistance levels and a hawkish Jackson Hole meeting could mean send it down 4-7% correction territory.
Gary Wagner from this video suggests a more hawkish outlook to start tapering in 2022.
The purple line in the channel represents stimulus, low interest rates, asset purchases and an opposing decline in stimulus, asset purchases, rising interest rates moratorium ending.
The opposing line represents a hawkish tapering decision in 2022 to 2023 with the goal of returning the market to its pre pandemic channel in the weekly.
The don't think we'll completely return to the previous channel from 2008 but rather some combination of the Speculation Market and a return to Fundamentals.
We will cross over the death cross, but I believe Jay Powell will let the market correct itself gradually rather than some black swan event everyone seems to call for (example: Michael Burry).