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Deathcross

[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.
CRYPTOCAP:BTC.DLong
by Homocryptus
15
Is this the end of BTC bull run?Based on BTC daily chart, it has stayed in a downtrend since previous ATH. A recovery which breaks above $42k has not happened after it dropped to $30k. Volume is also decreasing. Based on EMA 50 and 200, it has formed a bearish cross where in history it indicates the beginning of bear market. Based on MACD indicator, signal line is also crossing which indicates a further downward movement incoming. This death cross may create extreme fear to the investors which may bring BTC down to $15k to $21k and in my opinion this will be the best entry point we can see so far.
Short
by CryptoSpaceMy
2
BTC- USD rally, 0.382 and deathcross put BTC under pressure !Hello trader, Nice weekend and profitable deals 💲 After a good rally of 10,000 points, the bulls failed on the 0.382 retracement.So far it follows the green arrow exactly, one of my older posts.Fib channels also work well . It actually looked pretty good at the beginning, but in the end the buyers were simply too weak and we broke again under the previous support. The enormous strength of the dollar (as we can see in the diagram on the right) doesn't make it any easier, of course, and it came to an end this week, the entire market was brought to their knees. The dethcross is also giving the bears a further boost. Bulls have to break these 2 important trend lines for the time being and then continue to rise with conviction from tomorrow at the latest. Also here in the 4h diagram we can see a 20/200 deathcross. 50/200 deathcross in the making.I give bears a better chance, but will reassess wave by wave . support 35k. 34k. 33k. Momentum Here 1d MA and Ichimoku support and resistance and support at 35k. 34k. 33k. I would like to mention that all I post are just options and my own opinion ! Always trade with SL, and do not risk more than 1% of your portfolio (max 3%) per trade. ➡️If you like my posts smash the like👍👍 button, comment or follow me.⬅️ Thanks for reading my ideas, Trade save!!
BITSTAMP:BTCUSD
by TR7z
15
BTC death cross is mostly just fud.The last time we had a ema cross, was a golden cross (bullish) all the way at the start of the bullrun. This "death cross" will give an opportunity to flip back into a golden cross and build up momentum. Look back just before the covid black swan event in march and check the double deathcross we had, The price did not even drop much on the first one. What im saying is do not be scared of this event. This is a great situation to be involved in considering the bullrun is no way near over. Stay calm. Do not panic sell.
BITSTAMP:BTCUSDLong
by harrisssoonnn
1
BTC Death CrossBitcoin is about to create a "Death Cross", which is basically when the 50 EMA (teal line) crosses down the 200 EMA (orange line) on the daily time frame. Generally this is a bearish signal. (The opposite would be considered a "Golden Cross") As intimidating as the name is, our sentiment is still bullish on Bitcoin. It is constantly gaining adopting by institutions and entire governments. We may see more bearish movement in the short-term, but on the grand scale of things cryptocurrencies are only getting started. 🚀
by Road_2_Funded
1
Bitcoin Death Cross With P&F ChartsHi, Tradingview removed my analysis update so i'm posting the revised version with LOVELY Tradingview charts! In this update i want to explain wyckoff method using poit and figure charts. Wyckoff uses them for identifying the events without the noise. These charts are created using x and o's, hence the topic tic-tac-toe . Google it and you can play the game right on top of search results, cool. Ok, before going deeper, let's remember the death cross is only one day ahead of us. I want to talk about this briefly because the death cross can create false signals sometimes. In order to confirm this pattern we should look at the context. As a rule of thumb, if the price did not drop more than 20% of it's highs and already recovering, this can be a false signal, but if the price has dropped more than 20%, then the death cross might be hitting hard - which is our case! That said, i do believe we will see a big crash within few days given the vulnarable position of Bitcoin . Let's also not pass the upthrust event. Yes, it was a tiny one :) I expected a more violent upthrust, but it's a good time to note Wyckoff is not a chart pattern, it's a system that can come in many forms and shapes, so take the drawings as a guideline. You should be studying p&f charts, which is the subject of this post. Back to proint & figure charts, these charts do not use a timeline like candlestick charts. You only get a new column if there's a price reversal. That means p&f charts articulate volatiliy. This makes it the perfect tool for our crazy volatile Bitcoin . P&F charts remove the noise and makes support and resistance levels crystal clear. For example, the red support at $35k is clearly the first immediate support of the prior swing low. If it breaks, that will be a Double Bottom Breakdown pattern on the p&f chart. These charts are squeezed version of bar charts where you can only add a new column after a reversal. The curent structure is currently holding an almost $40k potential fuel and it's not done yet until the last point of support LPS event. Given the price is already at $35k, it can't go below zero, so this $40k (and counting) will be added to the current price, (not substracted) Which takes us to $75k ALREADY! Fuel calculation is: Number of coulmns x reversal x box size 13 x 3 x 1000 = 39.000 I'm using 3 box reversal with a box size of 1000 Now, since we want to break $100k, we still need at least 25k worth of accumulation. So, 60% is already accumulated and 40% still remains. It's not easy to understand and explain these charts, but in order to understand how powerful they are, i urge you to watch this* excellent Bitcoin analysis from Bruce Fraser (i'm not advertising here) right before the crash back in May 14th. It's a timeless piece that will make you want to learn p&f charts: www.youtube.com If you noticed, he's pointing even lows at 4-5k's in his analysis, if all the distribution counts were dumped. His conservative target was $40k first which was broken and then $31-$26k range, but the scary thing is that the composite operator has enough fuel to take the price of bitcoin down to 4-5k if he wanted to! This is why we have to be extremeley cautious before we go all in. Here's a wyckoff p&f chart tutorial from Bruce Fraser (He's a wyckoff p&f chart guru) Part 1* www.youtube.com Part 2* www.youtube.com Trade safe! (*) These videos are not from my own channel and i don't get paid to advertise anything here.
by BitcoinMillio18
20
BTC - Consolidation after Death crossOkay, I believe that the death cross will have very little influence on the local bottom of BTC price as I think it's already been factored for. An interesting pattern i can see forming is an ascending triangle pattern with the Gann line as support and the red zone as resistance (area between the 55 and 200 EMA) . I believe once BTC is able to break past this level of resistance and then retest as support at least twice is confirmation of up trend and bull run. The gap is narrowing and this consolidation may last another month or so, but eventually a move will be made to the upside or down.
BITSTAMP:BTCUSD
by m44kka