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📉 The "Death Cross" PatternDeath Cross, 5 Key things to watch The "death cross" is a market chart pattern that occurs when a short-term moving average falls below a long-term moving average, indicating recent price weakness. It is often studied using the 50-day and 200-day moving averages. The death cross pattern is more reliable when confirmed by other indicators such as high trading volume or momentum indicators like the MACD. These indicators can help confirm that a major trend change is occurring. 🟠 The Death Cross (convergence of moving averages) is a strong indication of a sell-off 🟠 If volume increases after the Death Cross, the downward trend is likely to strengthen 🟠 If price is above moving averages, strong volumes may be needed to suggest a turnaround 🟠 If price is below moving averages, the selling pressure is likely to be severe and any upward corrective moves will face strong resistance 🟠 The first sign of selling pressure weakens as moving averages start to turn upward 👤 @AlgoBuddy 📅 Daily Ideas about market update, psychology & indicators ❤️ If you appreciate our work, Please like, comment and follow ❤️
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by QuantVue
5
What does the death cross mean for investors?Hello Hello Traders , Please if you like the ideas, don't forget to support them with likes and comments thank you very much. Here we go , I want to talk with yours about Death Cross. Defination, Indicates a major trend reversal in a stock and index. It allows traders to see long and short-term trends and predict whether prices will enter a bearish phase. How about death cross stages? Step 1 , The buying of the investment vehicle should decrease and the rise should end. Afterwards, the number of sales people should gain the upper hand in the market and reduce the price. Step 2 , It occurs as a result of the short-term average falling below the long-term average. The 50-day moving average falls below the 200-day moving average and retraces to the Death Cross point. The fall of the 50-day average initiates a long-term decline in the market. Step 3 , The downward price decline accelerates and we can assume that there is actually a death cross here. When we look Our Chart , I examined a death cross of BTC-USDT formed 19 November. Orange circle , As you can see on the chart on July 19 Nov, the 50 -day bitcoin average cuts the 200-day average from up . At this stage, we see that the BTC-USDT value has decreased with the high selling. The Death cross Intersection pattern increases the selling pressure. In this case, the share price may remain below the expected for a month to a year. Conclusion, With the Death Cross, it is predicted that the investment vehicle will be in a downward position in the long run. But if the investment tool breaks the decline in the short term and starts to rise again, the Death Cross may not be realized. It is necessary to look at the trading volume of the Death Cross. If there is a high transaction volume, the transaction is reliable. High trading volume indicates that investors are selling. I really hope it will be useful for you. Make big profits!
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by vf_investment
4