Deathcross
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).
We may only just now be breaking above the falling wedge It appears now that the falling wedge I spoke about a couple ideas back may only just now be having priceaction breaking above it. If this is the case it means that the top trendline of the wedge was actually at a slightly less acute angle. Either way in the long run it wouldn't surprise me if we end up reaching the target of the wedge with the more acute top trendline as well as the price target of the wedge shown here with the new top trendline, if this correction is finally over. If this new top trendline is the more valid wedge then the breakout target is around 47k. Should we reach this target that will carry price action reasonably above both the 1 day 50ma and 200ma and could help cause the recent deathcross to end up being more of a bear trap fakeout than a deathcross. We are also inside a channel with the descending green trendline representing the top of the channel and the bottom purple trendline of the wedge also acting as the bottom trendline of the channel. We're we to confirm a breakout from the wedge right here and have a measured move target of 47k,. odds are good we would break out upward from the channel on our way to that 47k target. We can see already that the first candle above the new top trendline on the daily chart has already retested the trendline as support. That is a good sign for the bulls but we won't have confirmation of the breakout in my opinion until we see 3 consecutive 1 day candle closes above the trendline or a huge surge in bullish volume and a big green candle to go with it. whichever happens first. For now there is no confirmation of a breakout here on this new top trendline of the wedge but it is looking promising. Stoch rsi still has a good amount of room to move upward on the 1 day chart as well.
GOLD - Severe Technical Damages on Daily ChartAfter touching 1680 in Asia morning session, gold has had rebounced to 1750. This 1750-1760 area used to be support, now turnes resistance which proves to be a pivot area. A breakdown under 2018-2019 uptrend line is in progress.
The daily chart shows severe technical damages with combination of death cross, trendline breakdown, and negative MACD.
Unless gold is able to recover above this pivot area or the uptrend line, gold might again head to 1660-1680 support area.
CAD/JPY Forming a Bearish Head & Shoulders Reversal Pattern?CAD/JPY may be in the process of forming a bearish Head & Shoulders reversal chart pattern.
The right shoulder may complete if prices turn lower on the 88.30 - 87.97 inflection zone, where the left shoulder was created back in March.
If prices turn lower, the neckline seems to be the 85.82 - 85.41 support zone. Breaking under this area could open the door to extending May's top. That would place the focus on rising support from 2020 which could reinstate the dominant upside focus.
Furthermore, a bearish ' Death Cross ' between the near-term 20- and 50-day SMAs are underscoring the technical bias to the downside.
FX_IDC:CADJPY
Descending Wedge into Death CrossThe NI225 has formed a descending wedge pattern that may cross over the 200/50 Day MA to form a Death Cross.
Last NI225 200/50 Day MA Death Cross was the result of Covid Shutdowns in March of 2020.
EURUSD: Potential great SELL opportunitySo price has came back as expected to the supply zone around 1.19. If i think about it, price should not be higher than 1.19 per US dollar, and I believe a major currency like USD and EUR more often than not react to these rounded number, since a whole country or even a continent is dealing with that currency , which makes breaking above or below 0.1 is not easy.
that said :), I see a good opportunity to short EURUSD currently. its worth mentioning that the last daily candle coincided with a death cross (50EMA crossing below the 230EMA). Based on my backtesting of golden / death cross and wether they play out, I can say that in more than 80% of the cases when these crosses happen on the daily timeframe, then there is a high chance that price will continue pushing into that direction., with exception to when price is ranging.
Quick overview of key Long Term indicators and levels for BTC.1) Golden/Death cross with 50/200 EMA on a daily chart.
2) 2O SMA on a weekly chart.
3) Long Term BTC Log Growth Curves.
Feel free to press "Alt" + Chart, to have one of the three views on a main screen.
Chart Training with Jay Rhyder - MA SignalsHello and welcome to a small series I thought I would start to help people understand market charts. Enjoy and leave me a comment about what you liked or didn't like. Thank you for your support!
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Take a look at this chart. It is a 1 hour Coinbase chart of Ethereum (ETH/USD).
One of the best ways to understand if the market is going to rally or go south is to pay attention to the MOVING AVERAGES, or MA lines. As you can see, the white line on this chart is the 50 day, the dark purple one is the 200 day and the pink one is the 150 day moving average, respectfully. When you see the 50 day moving up like in this chart, and the 200 day on top of the 150 day, it is a bullish signal.
The opposite is true for bearish markets. It is called a DEATH CROSS. It is when the 50 day is on the bottom of the 150 and 200 and the 200 day is on top of the 150 day moving average. When the 200 day crosses DOWN through the 150 day, it is called a DEATH CROSS and is a very, very bearish signal.
If you have any questions about this short and concise tutorial, please leave your question or comment below. I hope you learned something from this short tutorial. My name is Jay - have the best day!
:)
Bitcoin BTC Sometimes dreams live; sometimes dreams die. But no matter what, pick yourself up and get ready for the next one!
Campbell Soup at Risk of Breaking DownCampbell Soup has struggled for years. Now it may be at risk of breaking a key support line.
Notice the $45 level on this chart. CPB clung to this price zone in late 2017 before moving lower in 2018 and 2019. It rebounded as the pandemic drove demand for packaged foods, but even then remained well below the previous highs from mid-2016.
Next, notice how the 50-day simple moving average (SMA) recently slid beneath the 200-day SMA: a bearish “death cross.”
Prices have remained below the downward price gap on June 9, which followed a disappointing quarterly report. Management tried to blame cost inflation, but weak demand and volumes also played a part.
Finally, relative strength has been poor in consumer staples. They're the second-worst performing sector this year after utilities.
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MGNI Head & Shoulder pattern almost completed,death cross comingMGNI Head & Shoulder pattern almost completed,death cross coming, previous resistance becomes support, jump a little and then dump
APPS Possible Heads&shoulder pattern+consolidation+Death crossAPPS Possible Heads&shoulder pattern+consolidation+Death cross
Not Financial Advice, PLEASE DO YOUR OWN DD AND RESEARCH, TRADE WITH RISK MANAGE
BTC Descending triangle + Death cross MA50 cross below MA 200
BTC Descending triangle + Death cross MA50 cross below MA 200 , then consolidate for a little and then breakout to the downside.
Not Financial Advice, Do your own DD and learn your RISK MANAGEMENT
Death Cross warning shots are fired!Tesla's last cross was a golden cross back in 2019 that pushed the price to ATHs. Now it's approaching a death cross that might create heavy selling pressure to 52 week lows.
ETH death cross BTC confirmed daily death cross.
ETH is about to make it too.
Seems very much like it.
My previous ETH usd peak call at 3777 USD/ 3173 EUR:
Expecting to see ETH below 1k USD this year, to be honest.
BTC Possible Death Cross 50/200 EMANot Financial Advice here but I'm "slightly bullish" on the very short term with a possible inbound cross above the 200 EMA, maybe even the 50 BUT there's a TON of overhead price action with volume and the potential looming of a 50 EMA death cross below the 200 EMA. This would push Bitty off the cliff to those lower supports that many of us are hoping will bring discount pricing of BTC. Welcome to the middle, friends :/
BITCOIN DEATH CROSS ON LEVERED MARKETS JUST FORMED TODAY ON THE NON LEVERED MARKETS (IE.COINBASE, ETC) THE DAILY EMA CROSS ALREADY OCCURRED ROUGHLY A WEEK AGO (JUNE 21). WITH THE CLOSE OF YESTERDAYS DAILY CANDLE, THE 200 AND 50EMA HAVE CROSSED, IN SYNCHRONICITY OF SEVERAL BEARSH CONFIRMATIONS INCLUDING A HIGH TIME FRAME RISING WEDGE AND LOWER TIME FRAME RISING WEDGE. AS WELL AS REJECTION FROM THE 200/4H EMA. THE FLAG POLE POINTS TO SUB 25K LEVELS.
[UPDATE ALTS] We are super early! Look at this crazy CHART!With this analysis, I did the inverse of the BTC dominance. What you are seeing is the inverse BTC dominance.
Isn't this chart bullish per se?
Well,
1) We are below the all-time high of 2018
2) Look at the choppiness index (compare it with the 2017 bull run)
3) Finally, check the 200 weekly EMA (we didn't even cross the log growth curve yet)
To sum up, I see 2 other upcoming pumps for alts and potentially we will ends up in the 22% dominance at the end of the bull cycle.
Death Cross. Areas of increased interest (accumulation) AdditionDeath Cross. Areas of increased interest (accumulation) Addition
Death Cross... Areas of increased interest (accumulation)Death Cross... Areas of increased interest (accumulation )
