Death
Head & Shoulders in PlayThe recent bearish breakdown has sent the stoch rsi to the bottom range but with the RSI not yet in oversold conditionas there's likely still more room to fall and the chart is forming a bit of a potential head and shoulders pattern on the 1hr chart. If the head and shoudlers is triggered it will drop us to to the 8,000s so keep an eye out for that...plenty of head and shoudlers patterns have failed to trigger so there's a chance this could be one of them but after the recent death cross on the 4hr I would not be surprised one bit if this triggers. I still feel like the lowest we would possibly dip is $7350 but think 7700-8100 is more likely...and below that thee 7500s seem liek a good rebound zone as well. The ascending grey trendline that has acted as a major support zone in the past is sitting right where the drop target of the head and shoulders pattern ends so it very well could be what finally bounces us back upward and continues the bull run. Choose wise limit buy zones and maintain enrves of steel and you will likely just accumulate more btc during this drop.
Impending death cross on 4 hour chart. Bear signals everywhere.As you can see each time we tested the top of the ascending broadening wedge(a pattern which usually breaks down) the price action was rejected, and once the wedge ran into the top wall of the descending channel the support of the t line could no longer prop it up causing the current breakdown from the only bullish thing we had going which was the bull flag. Now that the only bullish signal has broken down only bearish ones remain and as you can see on this 4 hr chart the 50ma(in orange) is about to cross under the 200ma (in blue) which creates a death cross which is very bearish and indicates the path of least resistance is to the downside. Hopefully, the 50ma on the 1 day chart will be enough support to once again bounce us back upward as it has done the last 2 times we tested it but even if not, as a firm believer that we are still just creating Eve's handle in this descending channel, I think the worst case scenario drop wise would be 7350 but we will more likely bounce back at 7500 or even 8000 before dipping that low. A smart move here would be to set a buy in a pip above the 1 day 50 ma with a stop loss a couple pips below it should it not hold support this time. From there maybe do the same thing with 8000 and if it breaks under that try it again at 7700 and once more at 7500. I would simply buy the dip if it somehow drops under 7500 but in the unlikely scenario that it goes under 7350 I would exit completely because if it does that it will likely be crashing much further...a scenario I find highly unlikely. Best of luck with whatever strategy you choose for yourself, this is simply my strategy and not meant to be taken as financial advice. Thanks for reading and good luck.
Ethereum Cup and Handle, possible Death Cross 4hr ETH/USD [BTFD]What are we going to do with ETH?
already seeming a little outdated with EOS, NEO and a few others on the scene ready to replace one of 2017's best movers
price action from Bitcoin has lead to numerous formations of Cup and Handle on many strong USDT Altcoin pairs such as ETH/BTC
Death cross on the MA (100/50) will help with the short and then looking to long after it hits $450 level, possible it could go lower if bitcoin prices go down, so just becareful with this in mind
Fib retrace shows best poss support and resistance or use it to set TP points - any questions, join us in our Telegram group
So pretty easy trade, shorting ETH down to previous levels in green box seems pretty safe and price should return upwards towards the neckline of the C&H formation
Sentiment on ETH for 2018? im fairly bearish on this coin, although we may see ATH's again im pretty sure it won't have the domination it had in 2017 due to competition, no user governance, gas prices, kitties you name it... Eth has been a great way to show smart contracts and other abilities for the blockchain, other 'newer' and 'better' coins will render ETH old hat, as for example EOS will be easier to use, better GUI's, more safety features, and most importantly be able to scale up
good trades to you all
Death cross?If you look closely, using the 20-50-100-200 EMA, the 200 EMA is about to finally cross 100 EMA. When this happens, the 200 EMA will be at the top, followed by 100 EMA, then 50 EMA, and 20 EMA at the bottom. This is the hallmark of real bear runs in every market ever. Also, if we look at RSI, the price level is still lower than March, yet the RSI is much higher than March levels, even with the current dip as i type this.
Also, although 4H charts show good bullish indicators on ichimoku kinko hyo, the 1D charts have always been slow to reflect those. When it finally did a day ago, it was conflicting with most of the fundamentals. If the bull run starts now, it would be really conflicting with previous BTC trends.
Truth is i don't think anyone knows what is at play here right now. Best to take some profits if you have them and have those fiat ready in case the big bear comes.
BTC/USD Death Cross forming? SHORT [BTFD]BTCUSD possible death cross forming as traders take profit going into the new week.
Stochastics and MACD have shown bearish crosses forming also on the 4 hour timeframe and daily, adding to the momentum of a correction possibly being on the cards - in the range of a $7,200 to a swing low of the $5,800 range, a potential play ahead of the fork could bring high return if the bull run is to return and hit $10k numbers in early 2018.
Levels to watch:
200 SMA (to watch for dip buys): $6200 - $6400.
What is a Death Cross?
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BTC/USD - Official Death Cross - M - AnalysisWill the Death Cross bring the BTC price down, to around the 3000 price range?
The PURPLE lines indicate a stronger support and resistance zone than the RED lines.
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!
DEATH CROSS CONFIRMED!!! MA 50 and MA 200 Crossed again after 2 years! A bear year will come???
Lets wait and see whats gonna happen...
BTCUSDTHIS IS NOT DEATH CROSS, DEATH CANCELED AND BOTH MA
FLAT AND WORKING ALONG WITH......
IF CROSS BUT THIS WILL NOT DEATH CROSS.....I DON'T SAY
DEATH CROSS WILL BE HELD IN 2019 FEB BETWEEN MAY
NOTE THIS MY PREDICTION.....................
Potential bearish breakdown of bearflag..dropped to necklineWe have tumbled to the neckline of the potential head and shoulders that magicpoopcan was warning everyone about. Many recent head and shouldrs and inverse ehad and shoulders have been fake outs but, considering an impending death cross is nearing this one may be legit...as you can see once it breaks under the enckline I'm going short with the intention of setting a stop loss a few pips above this so that if it tries to rebounc from here its not much of a loss. You choose your own aoth as this is not financial advice.
Neverending Bearflag Purgatory...Death Cross still very possibleNeutral for now we've been in bearflag limbo for the past 15 4hour candles......looking at the day chart however it currently looks like the Death Cross(50SMA crossing under the 200SMA) is still very much capable of happenign and unless one of the 2 lines drastically change their trajectory we will be looking at a death cross come April 3rd. Omkar Godbole has a different perspective on the Death Cross and how it could potentially be a bear trap www.coindesk.com Whatever happens its wise to always be prepared for the exact opposite outcome of which one you choose to pursue. Best of luck out there...and if anyone out there knows the record for most 4hrcandles in a single bearflag let me know.
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***
We have closed under the buy/sell line on the 4 day.Now that we've closed 2 candles below the 50 MA it's looking like probability favors the short game over the long game. Usually we wait for 3 or 5 closes below the 50MA to confirm we are back in a sellers market first so this current 4hr candle is very important....if it closes below odds are good we have more downside to follow. A short at that time would not be a bad call...a more conservative approach would be to wait until the price dips and closes below the bottom hotpink trendline, or even after that below the lowest light pink fibline...if neither of those can hold support then more downside is very likely. Also all this recent downside make the possibility of the death cross on the 1 day chart that much more likely...if we continue to dip the 1day death cross will likely happen in the next few days. Which only means more downside...so for now probability favors the short side as does the idea....don't pull the short trigger until somewhere around 3-5 closes below the 50MA on the 4 hour though to be safe, uness you've already shorted when we started making lower highs/lower lows. If you did continue to stay short until we see a clear trend reversal.
Death Cross Imenent Facebook has been hit pretty hard due to the data leak FUD. Users are questioning weather Facebook deserves their service after their data was leaked. Facebook has not seen this much volume since 2014, and I believe a one to two month correction is imminent. in the past, Facebook has been known to wedge in price after a correction and bounce back to all time highs. A wedge forming at its current price lever would be an ideal bullish scenario. The Facebook FUD seeming temporary also adds to this prediction. If there is no wedge, I believe a death cross is imminent. If we get the death cross, I believe a correction is imminent and Facebook will be down in price for one to two months.
An Importsnt look @ the 1day chart on BTC(potential deathcross?)We currently are finding strong support on the day T line(in yellow) however the 4hr charts current candle has only 10 minutes left and appears like it will close well below the recent bull flag...if so the probability of the next 4 hour candle also doing so thus confirming the breakout is pretty good. Once/If that happens we will most certainly fall under the current 1 day tline. One important thign to note is that even though we've been above the buy/sell line(50 SMA in Orange) for several days now on the 4 hour chart, you can see we're still very much below it on the 1 day chart...so in the longer term we're still definitely in a sellers market though on the 4 hour chart we've been in a buyers market...I was optimistic we would be in a buyers market on the 1 day chart soon enough as well, but am now seeing what looks like the 200 SMA(in blue) and the 50MA (in orange) are headed towards eachother in a way that the could cross paths within the next few days....if that happens based on the slope of both, you will likely see the 50 SMA cross -below- the 200 SMA which is known as the "Death Cross" and indicates that the path of least resistance is now to the downside...a very bearish signal indeed...which will likely result in me deciding to go short again until I see some sort of definitive bullish turnaround. There's a chance that something may happen to prevent the death cross in the meantime....but for now the slopes of both moving averages seem to indicate the highest probability will be a death cross.
Will we be saved from Death or Cross bearish lands for months?A Death Cross in the making? Or will we be saved just in time by our oversold Stoch RSI? And for how long then...?
The increase in volume in the last week might make it even more concerning; indicating a longer term bear market when the DC happens?
The Stoch RSI is however pretty oversold, so maybe we will be saved from this for a few days?
BTCUSD Bear Flag? Tune in next week to find out.If it looks like a bear flag and fucks like a bear flag, it might be a bear flag..?
I hope I'm wrong.
LTC Correction DOOM to DEATH There are two paths the orange one and the blue one. The orange one is less likely, because of the symmetrical triangle formed -> correction (ABC) likely.
So we follow the blue path to the next resistance... But watch out BTC. When BTC fails, LTC won't be strong enough to keep resistance and will fail... going down a horrible path, just like BTC...
But if everything is fine, LTC will be on its path up... A good entry point at least
I love you,
§JS
The Death Cross I was warning about sent the price plummeting.As I had said a couple days ago in a previous idea the death cross of the purple and blue moving average lines was dangerously close to occuring and would either cause a plummet in price or could potentially bounce off as well. The probability was much more highly in favor of the cross happening and at the beginning of the current days candle the 4hr chart 50EMA crossed under the 200EMA sending the price dpiraling downward. Major support happened at the 9200s region just as I was expecting and because of it we have seen a boucne back up. However the 50ema is still very much under the 200ema on the 4 hour so we need to see it reverse course soon if this inverted head and shoulders is going to become valid. The current bounce looks good on the 4 hour but the candlesticks on the daily seem to suggest a little more downside. On the 4 hour we got a nice green bullish reversal hammer though so hopefully the current 1 day candle will close as some sor t of doji. I still have hope for the head and shoulder pattern. Be cautious and try not to make any big moves at this time.
Inverted head & Shoulders still very much in play / Death CrossHey all just an update...I've pulled my btc position via stop loss last night at around 10490 but have decided to leave ethereum in for now as its doing well with robinhood...As the price continues to pullback the good news is an inverted head and shoulder pattern is still very much in play....however as you can see with the small yellow dotted lines that show the current price in a trendline with the deepest price point on the left shoulder, we might still not be at the depth peak of the right shoulders dip just yet.... the small white dotted line directly underneath the yellow dotted line has the exact same trajectory as the dotted white neckline of the head and shoulders and that line bottoms out around 9580. so we could still dip to the 9500s in fact that's the exact pricerange I see on the gdax depth chart where it looks like we have enough support volume at that pricepoint to carry us back into the 1100s.....Now I'm sure there's been plenty of head and shoulder patterns who's necklines and shoulder tops didn't run exactly parallel to eachother but there is at least a increased likelihood and mild improvement in probability that if the price did pivot in the 9500s at the parallel price point that the odds of it becoming a legitimate inverted head and shoulders once the shoulder reaches the end of the right shoulder fot it to indeed be a massive validated head and shoulders pattern with at that point after volume confirms it a lot of upside. Let me know in the comments how often the head and shoulders pattern's shoulder and necklines don't follow a parallel trendline if you happen to know or get a chance. Lastly we recently had a brief golden cross recently between the 200EMA and 50EMA but it appears the blue line and grape line are headed towards eachother again..it may lead to another death cross or it could bounce off before that happens...a death cross could be what finally pushes things down to the 9500 range. Thanks for reading...play responsibly. Always set responsible exit and entrance points to whatever fits best with your life.
BTC TO TEST SUPPORT OF ***DEATH**** (short opportunity....)As you can see via the chart yesterday we saw BTC bounce off the .382 fib level as well as an area of support from months ago. This bounce saw two bear flags being produced which, if you zoom out to a lower time frame those two bear flag merge into one scary looking bear pennant.
However, this is an opportunity for us all, looking at this chart we have two major options which I will outline below.
A) Double bottom, the price drops back down to the major support level and gives a bounce, if this happens a trend reversal is a strong option. This historically would be following BTC yearly fractal pattern.
B) A broken support, if the support is broken we will see BTC start to free fall all over again. I suspect BTC would see another several week long drop to $ (5500-5800) to test the next large area of support.
Regardless of A or B I 100% believe that we will see that resistance lines will be tested again in the next 2 weeks.
Remember though folks, this is not financial advice and any trades you take are at your own risk.
I, like all traders will be watching BTC and will take positions accordingly.
Stay frosty,
Moglli, out.
