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Deathcross

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
Probably not the worst time to shortFirst off, the TL:DR Version: My general sentiment on btc is this Short term: Strong Bear Mid term: crab till august or september Long Term: Strong Bull Short till 30k as the Death Cross crosses. Strong chance we hit at least 28k, 19k not out of bounds. Lower than that unlikely. Analysis/ramblings I'm not a huge believer in the death cross in the BTC market, I've seen it fail to react or treat it as a golden cross for no good reason, maybe after this crosses I'll go back and do a look at that, depends on how interesting it is. That said, I have seen BTC crap the bed from a DC a few times too, and I think that as time goes on it's more and more clear that that's what is going to happen here. The only questions to me are how long the dump lasts and will it derail the halving model? BTC is in a sideways channel, a crab market if you will. It shows no signs of leaving that aside from the coming death cross and a possible head and shoulders (or a reverse head and shoulders, depending on where you think it's valid to start drawing that pattern out). I don't really see that movement as a "real" h&s but it might play out that way. The more times it bounces around in that "crab zone", the more volatile it's movement should become, until it finally breaks out. Since the start of the sideways channel, we have not see lower lows, but we have seen higher highs (at least, on the candlestick chart, line might be different), so my general feeling is that that's the direction we eventually break out when we do. However, with the days of decreasing volume and the latest break off of the short term bullish trend coinciding with a very near term death cross, I think we could see 29-30k again easy, and we could even be pulled as low as 19k, though I think the truth will probably be somewhere between there (24k-28k is my price target if we break 30k). I don't expect it to go much lower, there's still a lot of bullish support for BTC, we've seen 70% drawdowns on the daily chart in a bull market that didn't end the long term run, even as low as 83% intraday. The case for bitcoin is stronger than ever. I really think that after some time passes, this DC will be a short term event that scares a bunch of people that don't zoom out enough out of the market. It's still the mid cycle shake out after all, something has to happen to shake out all the cowards. It will only fuel the parabolic phase that's coming after the summer. I do think It's important to consider the giant macro H&S idea that's been floating around, not so much because it's likley, but because it's about the only scenario that I see that could really derail the halving cycle and 150k btc by next year. It would also completely kill the crypto market, and there's no real reason to expect anything like that on a fundamental level. But, you know, always prepare for the worst.
BITSTAMP:BTCUSDShort
by CryptoidiotQ
BTC-USD: An update !Hello everyone and happy Saturday. I want to give you an update about the #BTC situation. As I told you in my last idea (the related idea), there were 2 possible scenarios for the evolution of bitcoin. The first was that the zigzag was completed so at the moment we are looking for an impulse. I talk about this WXY pattern: The second idea was that we are in an extended flat, where the last wave is the fifth wave or the final wave of the flat. I talk about the ABC pattern: Actually, there is another alternative that is path compatible with the alternative of ABC pattern and it is that we are always in a double three pattern, as you can see here by the WXY green pattern: So in the first idea and this last idea, there is no problem because in both cases we are looking for a bear market. Now, people in trading view are talking about the death cross at this moment. I don't use MA but this can be in line with the first and last idea. So... bear market. So... by now we are in what I think to be a triangle pattern. Now, our job is to understand if this triangle is finished or we miss wave E yet. So we have these 2 cases: 1: 2: I think that is the first view because what I call wave A in the first scenario seems to be like a corrective wave. But... we need to follow the evolution of the market and see. In conclusion The first and last idea ( bear market) now seems to be more likely. So, we want to wait for the broke of this triangle and then take a position. By now, the market remains in a side movement, and in this case, it is not convenient to take a position. Have a nice weekend! Yours Stock Stork
COINBASE:BTCUSD
by StockStork
BTC - Trend Line Support BrokenBTC is looking a bit bearish for the next few weeks. The current trend line support was broken, and the next level of support is around $34.5k. With the impending Death Cross coming in a few days, I'm predicting a bearish market for the next few weeks. According to Kraken’s research, the previous instances of death crosses on the daily chart coincided with “either a sell-off in the days that followed or a continued macro downtrend that confirmed a bear market.” Death Cross
COINBASE:BTCUSDShort
by thedjhenny
3
BTC Bull Run turning into Bear Trend (Death Cross), or what if?End of bull trend? These last few days we see more and more people talking about the upcoming Death Cross on the Daily BTC chart and the "2019 fractal" as you can see here below: A Death Cross indicating the end of a strong bull trend. In turn the start of consolidation/correction or even a longer lasting bear trend. Following the explanation of a Death Cross (Golden Cross) on Investopedia these are the most important takeaways: - A golden cross suggests a long-term bull market going forward, while a death cross suggests a long-term bear market. - Either crossover is considered more significant when accompanied by high trading volume. - Once the crossover occurs, the long-term moving average is considered a major support level (in the case of the golden cross) or resistance level (in the instance of the death cross) for the market from that point forward. - Either cross may occur as a signal of a trend change, but they more frequently occur as a strong confirmation of a change in trend that has already taken place. BUT, what if...? I'd like to add another interesting fractal to the discussion. The 2020 August-September fractal. NOTE: different timeframes. First of all the top consolidation of the price is pretty similar to the price action we saw the last four months for BTC on the daily chart. Additionally the RSI shows similar movement and levels at several moments in time when comparing both. The only thing which differs is the run up to the top price levels which is pretty steep in 2020 compared to Feb 2021. Then considering the Death Cross situation. (Im using EMAs here) We must admit the higher the timeframe the more significant a situation is. To get the best comparison we found the 8H TF reflects the current situation in the best way. Price dropped and started to consolidate. For the first time now price made a local higher high and right at that point the cross is about to happen. Where will this lead to? So now lets look what happened in 2020 (as we all know of course) and lets project that to the current situation in order to follow the potential continuation of the fractal. First if we follow the price action it will look something like drawn by the yellow brushed line. It might not follow it that strict but sideways choppiness is definitely very much possible until the end of the summer. Also the pullback to 49K~ish aligns with the 0.618 fib pullback level of the latest drop. Second following the EMAs, which did cross several times, price bouncing around it but no bear trend started there. Finally, if we look into the future where would the target of the fractal end? - Following the increase in price of 53K, BTC would get to around 93K. - Following the increase in percentage of 497%, BTC would get to around 240K. No guarantee whatsoever of course. The main thing I wanted to show here is that if and once we do a pullback of the downward move up to 49K, even if we get rejected again and drop down to current price levels, the market still doesn't have to be in a multi year bear trend yet. ————— Do Your Own Research (of course) Trade at own risk (of course) Only trade what you can afford to lose (of course)
by MattieDsCryptoLounge
7
Bitcoin Death CrossIt's happened before and it's about to happen again. Let's take a poll — I'll tally up the results if enough of you reply and we'll see who's got the best predictions/strategies for this "special" event. 1. By how much will the price of BTC drop (if any)? 2. Have you sold your positions, plan to, or are you hodling? 3. Is the "death cross" really relevant for crypto? 4. Anything else you want to add, wisdom, etc? Thanks for reading... until next time, cheers! COINBASE:BTCUSD
COINBASE:BTCUSD
by ParityError
16
$BTC #Bitcoin Death Cross CountdownThis indicator show's the estimate of the Death Cross that could occur on or around the 19th June. What we want and need $BTC #Bitcoin price to rally and go above the $46k price level or even better the $54K and soon. Keep and eye on this chart as we are not far off the estimated date of the #DeathCross. The bottom has red circles which has already been showing which indicates a warning the Death Cross is near. This indicator shows both the Golden Cross & Death Cross with alerts to your phone or email. I have provided a link to the Death Cross and golden Cross to view below:
by HybridTraderX
2