Finally seeing bearish priceaction post deathcross; bearpennant?It was confusing to me why there was such an unexpected bull surge recently immediately following the death cross on the 1 day chart on bitfinex. We climbed almost to the last recent climb but couldn't attain a higher high above it before now finally seeing a bearish reversal...This may be because even though the 2 moving averages have crossed on the current day candle...those moving averages can be moved until the current 1 day candle closes and then their positions for today are set in stone....so maybe it was a last ditch effort by some big holders to somehow take us high enough to push the death cross back apart before the 1 day chart closes 8 and a half hours from now. That would unfortunately take about 5 times the bull impulse we've currently seen which now that we've turned back around without even surpassing the last high seems unlikely which should set the death cross into stone by the time this 1 day candle closes. We are currently forming an equilateral triangle with price action that will likely be a bear pennant and once todays 1 day candle closes and sets the deathcross in stone on the bitfinex map will likely cause all other exchanges where the deathcross has yet to happen yet to occur....this will create a bloodbath on April Fools day with people thinking bitcoin is doomed...however I think that will be cryptos Aril Fool's Joke....I still hypothesize that it will only dip to the price level of the low we reached on february 6th (5700-5900) which I think will trigger a massive double bottom at that point and see us skyrocket back up and into the bull market just in time for the second quarter after triggering a goldencross soon thereafter....this is all just a gut instinct and is in no way shape or form meant to be taken as gospel or financial advice. We will soon see in the next couple days. Make your own decisions, choose wisely and good luck!
Golden-cross
Bitcoin - Golden Cross/Death Cross/Every-CrossTook both the 50MA/200MA & 100MA/200MA within 1hr, 4hr & Day time-spans. Assigning valves to each 50MA/100MA/200MA. Extremes such as DAY and 50MA/200MA cross-over indicate longer term views decreasing likelihood although registering a more powerful indicator in place as the 1hr & 4hr fluctuate positive/negative multiply times within the DAY cross-over time-span.
Golden Cross - Yellow dashed arrow.
Death Cross - Red dashed arrow.
Green Line - Positive view including corrections on drops , dependent on volume.
Black Line - Negative view only correcting on bottom.
Blue Line - Little or no price action.
This isn't seen as future direction, I have other graphs published for that but shows how busy the current market is with TA ( I could include Flags, H & S....)
BTC 0.85% -2.62% is seeing some tough times , so I should write this:
***Education Purposes only***
like clockwork 100% Fibline & 100MA acting as support/resistanceOn the current 4hr candle BTC is "keepin' it 100" with the 100% grape colored fib retracement serving as support, and the 100 Simple Moving average acting as resistance. As I anticipated in my last idea, I thought it would test the 100SMA a few times as resistance before eventually flipping it over to support. Once we are above the 100 SMA it can usually become a very stable support line, especially once the 50SMA comes up above it to join us, that is one type of "golden cross" that signals more upside. As you can see we haven't hit the recent bull flag projected target yet of the top blue fib line, so that gives me added confidence that the 100sma will soon flip to support...we also have still not made it to the descending purple wedfge's projected target price but are getting very close. I think the momentum will remain to the upside at least until we get that far but likely even after that with all these other bullish signals developing along the way. It's best to keep your eyes open for any negative g20 news or any negative regulation or scandal news involving crypto in the mean time because one easy way to spot a trend reversal is when suddenly all the crypto news article headlines switch back from positive to extremely negative.
Bitcoin Cash BCH Golden Cross and Fib Profit levels Bitcoin cash is in play after the confirmed Golden cross on the MA's
use the fibs as support levels for exits and possible re-entry if there is a lot of volume
if not in already, choose your entry wisely
will be a big play if breaks 1580 support
cashin in on bitcoin cash, dare i say....CLASSIC!
Bitcoin Cash BCH Golden Cross and Fib Profit levels 23rd Sept 17Bitcoin cash is in play after the confirmed Golden cross on the MA's
use the fibs as support levels for exits and possible re-entry if there is a lot of volume
if not in already, choose your entry wisely, RSI looks like we could have a breakdown before testing resistances
will be a big play if breaks 1580 support, market is strong
cashin in on bitcoin cash, dare i say....CLASSIC!
Bitcoin USD Golden Cross formed 18th Nov 2017 12pm GMTJust got a full confirmation of a golden cross on the RSI and moving averages with cross appearing below the price forming the cross
Expecting a little rebound from Bitcoin to possible test on the ATH again
Market Cap peaked out earlier just shy of $232bn, we could be going to a 1 Trillion MC soon as the bubble expands
If MC pushes hard to over $240/50bn expect some higher movements on Bitcoin and Bitcoin Cash too