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Deathcross

Bitcoin Daily Update (day 255)I believe that it is possible to beat the market through a consistent and unemotional approach. This is primarily achieved through preparing instead of reacting. Click here to learn more about how I use the indicators below and Click here to get my complete trading strategy! Please be advised that I swing trade and will often hold onto a position for > 1 month. What you do with your $ is your business, what I do with my $ is my business. My recent Bitcoin Bubble Comparison - 3 Day Chart led to the following calls: < $5,750 by 11/15/2018 & my prediction for the bottom is $2,718 by 1/20/19 | My Bitcoin Bubble Comparison - Monthly Chart closely mirrored my price and time targets | Calling for $35 ETH before the end of 2018. Previous analysis / position: Short BTC:USD from $6,353 and Short ETH:USD from $205.72 Pool league started last week and it has gotten me out of my routine a little bit. Not going to be able to do the full post tonight, however wanted to provide a quick update. It may not seem like there has been significant price action over the last 24 hours, but there has. The price closed below the symmetrical triangle and created a new low. We are now seeing resistance from the short term MA while the medium and long term MA's are making a death cross. Now is the time to be fully positioned into a short (if you're into that kind of thing).
BITSTAMP:BTCUSDShort
by Sawcruhteez
5
Bitcoin Daily Update (day 230)I believe that it is possible to beat the market through a consistent and unemotional approach. This is primarily achieved through preparing instead of reacting. Click here to learn more about how I use the indicators below and Click here to get my complete trading strategy! Please be advised that I swing trade and will often hold onto a position for > 1 month. What you do with your $ is your business, what I do with my $ is my business. I recently posted Bitcoin Bubble Comparison - 3 Day Chart . It provided new dates and prices for the bottom, however it’s still slightly too early to abandon my predictions from the previous Bitcoin Bubble Comparison ]Bitcoin Bubble Comparison: 1 day - 5 days = < $5,750 | bottom prediction: $2,860 by 10/30 | Calling for $35 ETH around the same time Previous analysis / position: “If we breakdown $6,370 then it would confirm the bearish harami as well as the hanging man. If that were to happen I will be prepared with a small stop order set to short $6,369.” / Short USDT:USD’ from 0.968 Patterns: Descending triangle / bearish harami Horizontal support and resistance: S: $6,410 | R: $6,454 BTCUSDSHORTS: Really started to look like they will break out of the triangle to the upside. Once volatility picks up so will volume and we should see unprecedented levels of short sellers. Funding Rates: Longs pay shorts 0.01% Short term trend (4 day MA): Bullish (price above MA) Medium term trend (4 week MA | 2 & 32 day MA’s): Bearish | Bearish Long term trend ( 32 Week | 50 & 128 day): Bearish | Bearish Overall trend: If daily closes below $6,438 then all will be bearish Volume: Surprised volatility didn’t continue after the volume spike on the 15th. Now we are back to painfully low levels. FIB’s: 0.618 = $6,530 | 0.5 = $6,441 | 0.382 = $6,351 Candlestick analysis: Harami inside a harami. Can we get a 3rd matryoshka doll? Ichimoku Cloud: 4h cloud acting as strong support at $6,424 TD’ Sequential: Weekly red 2 will fall below a red 1 at $6,086. Placing a stop order there could be a good idea Visible Range: Gap in volume from $6,246 to $6,371 with 5 day look back Price action: 24h: -0.1% | 2w: +/- 0 | 1m: +2.95% Bollinger Bands: Daily MA acting as strong resistance Trendline: Top of descending triangle ~/= $6,725 Daily Trend: Chop Fractals: Up: $6,792 | Down: $6,057 RSI: Hanging around 50 on most TF’s. 4h is a little overbought Stoch: Recrossing bearish on 12h, going for retest on daily after creating higher high Summary: I am closely watching the red trendline on the USDT:USD’ 1 hour chart as well as prior historical support at 0.9642. As long as it stay below those areas then I do not feel very comfortable about holding a short on BTC’ or ETH’. Furthermore I am strongly expecting the lower wick from October 15th’s candle to get re explored, similar to what followed October 2nd’s candle. If it has another selloff then BTC’ and other cryptos should get another pump. If it stablizes then I will feel comfortable going back to my normal approach of 99% TA Nevertheless, trading is about risk reward and properly managing positions. If the r:r is tilted too much in my favor then I will open a large position regardless of what is happening with Tether and I will use a market stop loss if need be. I posted a chart earlier with a $35 target for ETH:USD and that is a prime example of something that is too favorable to pass up. In the mean time there is an incoming death cross on the 3D chart with the 50 and 200 MA’s. The first close below the 200 MA is what led to my most recent Bitcoin Bubble Comparison . Only other time this happened was in October of 2014.
BITSTAMP:BTCUSDShort
by Sawcruhteez
10
Bitcoin Daily Update (day 193)I believe that it is possible to beat the market through a consistent and unemotional approach. This is primarily achieved through preparing instead of reacting. Click here to learn more about how I use the indicators below and Click here to get my complete trading strategy! Please be advised that I swing trade and will often hold onto a position for > 1 month. What you do with your $ is your business, what I do with my $ is my business. My latest Bitcoin Bubble Analysis led to the following predictions: 1 day - 28 days = < $5,750 | bottom prediction: $2,860 by 10/30 Previous analysis / position: “Still waiting on a bounce off support before continuing the draw down” / Short ETH:USD. Took profit on 33% of position improving my average cost basis to $317.37 per ETH. Patterns: Descending triangle / 4h bear flag Horizontal support and resistance: S: $6,126 - $6,166 | R: $6,200? | $6,380 BTCUSDSHORTS: Continuing to pull back after a slightly lower high. Funding Rates: Shorts pay longs 0.0349% 12 & 26 EMA’s (calculate % difference): 12 = -8.04% | 26 = -8.69% 50 & 128 MA’s: 50 =11.36% | 128 = -13.73% Volume: Current selloff is significantly above MA on 4h chart. FIB’s: 1 = $6,039 | 0.886 = $6,300 Candlestick analysis: Prior 3 day candle engulfed the 3 before it. 4h hammer Ichimoku Cloud: C clamp on the 4h TD’ Sequential: 1h is currently on a 9. Daily is on a 4 Visible Range: 2 month lookback has point of control (POC) at $6,400. 3m-1y all have POC between $6,300 - $6,400. Expect that to become strong resistance. BTC’ Price Spreadsheet: 12h = -3.98% | 24h = -3.94% | 1w = -13.76% | 2w = -7.63 | 1m = -7.78% Bollinger Bands: Just about touched the bottom of the daily band on this last selloff. Bouncing from bottom 4h band. Trendline: N/A Daily Trend: Bearish Fractals: Just broke through another down. Next one = $5,855 | Up = $7,437 On Balance Volume: Moving down with price, no div’s ADX: ADX continues to move up while -DI and +DI continue to diverge, as would be expected. Chaikin Money Flow: Moving down with price, it’s a little worrisome how far daily and weekly have to fall before becoming overold. RSI (30 setting): W = 48.29 | D = 42.89 | Similar to CMF’ it’s a little worrisome how far daily and weekly have to fall before becoming overold. Stoch: Weekly getting ready to make bearish crossover. Daily is reaching oversold territory. Summary: When the markets start moving I like to pay close attention to the shorter term MA’s to give me an idea of when to expect consolidation and/or a correction to the upside. In one of my Telegram groups someone pointed out the 20 and 200 MA’s on the 4 hour chart and said to watch for the death cross. I noticed that the price tends to retest the 200 MA before selling off again and think that will be a great area to place some orders to sell The 4h bear flag breaking down on volume tells me that we may not make it back to that area. I always watch for the breakdown of the flag itself as well as horizontal support from the pole, both of with occured. Still having one third of my short position open on ETH makes me feel comfortable either way. If you are not in a position and you didn’t sell the 4h bear flag then it is time to wait. If we get a bounce then you get a high percentage short. If we don’t get a bounce then you need to be okay with missing out on a move. Today is Saturday, go outside and enjoy the beautiful summer weather! Even if you are in a position, set your stop loss and forget about it!
BITMEX:BTCUSD.PShort
by Sawcruhteez
Technical + Fundamental on USDCHFUsing the Ichimoku clouds TK Death Cross Strategy, I can see an incoming strong sell signal, This is due to the Tenkan-sen crossing the Kijun-sen from above to below. To solidify my signal on the TK Death Cross the current Chikou span is below the price of 26 periods ago and price is below the Kumo cloud, although it is currently thin, I expect it to expand in the future. Price has also made a retracement from resistance back to the support level of 0.97956 and is looking to continue a downtrend after a prolonged consolidation. Fundamentally, tomorrow awaits the United States' results on CB Consumer Confidence, this measures the consumer confidence in it's economic activities. Analysts forecast a result of 126.8. A higher than expected result may influence price to violate Ichimoku's analysis, although a lower than expected result will compliment my Ichimoku cloud analysis.
Short
by AI_Expert_Advisor
AUDUSD (Short)Whats up Guys, 95% of the the meat and potatoes of this chart is explained on the chart - Fundamentals Behind my Technicals - No surprise and not the only thinking this - the trade war with the US and China is currently and for the medium term in the FAVOR of the US. This hurts China. Australia is a major exporter to China. This hurts Australia. Australia remains Dovish with their interest rates and nothing spectacular happening in their economy ATM. The Red Lines above the ST on my chart - show - in the event that I am wrong and the AUDUSD breaks out Upwards, areas of potential resistance to the breakout. Keep a close eye on this one guys - i think its ready to pop. Ten Likes and I will update the chart Intelligent disagreement welcome Good Luck - See you on the trading floors #Crypto #BTC #cryptocurrency #ADA #CARDANO #LTC #LTCUSD #LitecoinNation #XRPCommunity #XRP #Ripple #EOSUSD #BCH #BITCOINCASH #forex #EURUSD #AUDJPY #GBPUSD #USDCFH -Nix
Short
by WillNixTrading
3
small shouldered H&S pattern seems 2 b validated; 4hr deathcrossNot a good sign as we plunged below the 1day charts buy/sell line after days of constant support from it. it takes us back to take another look at the 4hr charts strange looking head and shoulder pattern we had our eye on the other day. This pattern seems increasingly more legit and if it was indeed validated the drop target is as deep as the 5.9k area. I have also listed price target points just for the breakdown of the recent flag and the support zone at the old pink symmetrical triangles top trendline seen here on the 4hr chart. Be prepared for any of these 3 to be support but keep in mind with the unavoidable 4hr death cross that is iminite within the next 2 days more downside is almost certainly to be anticipated so the lower bounce zones are probably going to be more legit. If you are ready to be prepared for all of them you are likely to be correct on one of them. As of now breaking below the 1 day charts 50ma doesn't appear to have delayed the trajectorys of the 1day golden cross much yet...if the trajectories remain the same from here we would have a goldencross on the 24th of september...I know we will likely see the 50ma point further downward in the coming days but if the 200ma in turn moves downward at the same rate it shuld hopefully not delay the cross by too much
BITFINEX:BTCUSDShort
by DrDovetail
EURUSD (Short Position)Whats up Guys - Most of my analysis can be found ON the Chart. I will be entering a short position now with stop and take at the areas indicated. Give me ten likes and I will update the chart when I close out. Ten Likes and I will update the chart Intelligent disagreement welcome Good Luck - See you on the trading floors #Crypto #BTC #cryptocurrency #ADA #CARDANO #LTC #LTCUSD #LitecoinNation #XRPCommunity #XRP #Ripple #EOSUSD #BCH #BITCOINCASH #forex #EURUSD #AUDJPY #GBPUSD #USDCFH -Nix Good luck on the trading floors -
by WillNixTrading
BTC DAILY UPDATE (day 153)Previous analysis /position: 3 day death cross, shooting star and income sell signal on the Stoch are strong indications of a reversal. A short sale position was outlined and I also mentioned that I will likely be trading ETH instead do to less built up support and a higher risk:reward ratio. Still waiting on the sidelines for the ETH triangle to break up or down. Patterns: Trendline that connects 7/15 to 7/23 was violated on the current daily candle. Horizontal support and resistance: weak S: $8,081 stong S: $7,400 and $6,800 BTCUSDSHORTS: 60% long, 40% short. Just broke down 18,000 support. Funding Rates: Longs pay shorts 0.1558%. 12 & 26 EMA’s (calculate % difference): 12: +3.71% | 26: +9.46% | Recent bearish crossover on 1h and 2h. 50 & 128 MA’s: 50: +19.23% | 128: +7.12% FIB’s: 0.382 = $8,496 | 0.5 = $10,677 Candlestick analysis: Daily hanging man + bearish spinning top. Still inside wick of 3d shooting star. Ichimoku Cloud: Inside daily cloud, reentered 1h cloud. TD’ Sequential: G-2 < G-1 on daily. G-3 < G-2 on weekly Visible Range: $8,131 has largest volume profile over last 24 hours. $8,195 has largest volume profile over last 5 days and should act as strong resistance now we are below that price. $8,097 has largest volume profile over the last year. If we break down below that price then it should be very strong resistance for the months to come. BTC’ Price Spreadsheet: 12h: -0.51% | 24h: +/-0 | 1w: +5.45% | 2w: +11.89% | 1m: +32.09% Bollinger Bands: Tightest we have seen the BB’s on the 1h in a long time. Should be getting some volatility soon! Trendline: Trendline that connects 7/15 to 7/23 was violated on the current daily candle. Daily Trend: Bearish Fractals: UP: $8,523 DOWN: $7,807 On Balance Volume: Lower high on the daily. ADX: +DI and -DI are converging Chaikin Money Flow: Making a new high on daily RSI: H&S forming on daily. Weekly is threatening to fall back below 50. Stoch: Just got a sell signal on the 3d. Summary: Trendline violated, funding rates getting very expensive for bulls, price still outstretched in relation to shorter term EMA’s, resistance from 50 week MA, death cross on 3d, sell signal on 3d stoch. +32% in the past 30 days. All of these are indications of being overbought and in need of a correction. $6,800 and $7,400 have been identified as strong areas of support. Still believe that ETH is the best bet. Click here for that analysis. Thanks for reading!
BITFINEX:BTCUSDShort
by Sawcruhteez
3
BTC:USD DAILY UPDATE (day 152)Previous analysis /position: Ichimoku clouds turning bullish. Green 2 > Green 1 on the weekly. First time we have traded above the parabolic SAR since the bear market started. Incoming death cross on the 50 & 30 week MA’s. Largest volume profile over the past year is $7,576 to $8,287. 0.382 FIB = $8,496 / remaining on the sideline while waiting for further development. Patterns: Higher low at $7,900 is it in the process of making a lower high below $8,288? Horizontal support and resistance: weak R: $8,277 strong R: $8,490 | weak S $8,140 strong S: $7,745 BTCUSDSHORTS: Long:Short ratio = 60:40 | Still testing 18,500 for support. Funding Rates: Longs pay shorts 0.0749% 12 & 26 EMA’s (calculate % difference): 12 = +4.84% | 26 = +11.01% 50 & 128 MA’s: 50 = +20.49% | 128 = +7.85% | Just made bearish cross on 3D + trading in the wick on a shooting star could provide low risk entry (stop loss above shooting star wick) FIB’s: 0.382 = $8,496 | 0.5 = $10,677 Candlestick analysis: Daily hanging man yesterday and bearish spinning top forming today. 3d shooting star Ichimoku Cloud: Still inside bearish cloud - traditionally considered a no trade zone. Top of the cloud is $8,700. 3d cloud is starting to thicken. Currently testing weekly Tenkan-Sen for resistance. Tenken-sen support on 12h. TD’ Sequential: G-1 following 4 candle correction on daily. G-2 > G-1 on weekly. Visible Range: Largest volume profile over last 24h = $8,175 | Last 5 days = $8,208 | Last month = $7,433 | Last year = $7,560 - $8,287 BTC’ Price Spreadsheet: 12h = -0.5% | 24h = +0.98% | 1w = +10.57% | 2w = +28.84% | +39.74% Bollinger Bands: Testing top of 3d band for resistance. Back above the weekly MA. Trendline: Daily Trend: Connect 7/16 to 7/27 | currently in danger of breaking down. Fractals: UP = $8,490 | DOWN = $7,203 On Balance Volume: Establishing lower high/bear flag/potential h&s Chaikin Money Flow: Weekly trying to break through 0.05 | Daily looks like it is struggling to establish a higher high. Buy/Sell Sentiment on Trading View (countertrade): Oscillators = Buy | MA’s = Strong Buy | Summary = Buy RSI: Daily looks very similar to OBV. Weekly is > 50. Stoch: Just made bullish re cross on daily in overbought territory | Weekly shows plenty of room to go. Incoming sell signal on 3d. Summary Very interested to see if we establish a lower high on the daily chart. Price pulling up and into death cross on 3d chart could be providing a good short sale entry. The shooting star on the 3d is very bearish. The trendline breaking down would provide confirmation for a bearish entry. The visible range volume profile shows the most resistance at current price levels when looking back 1 year. Cannot recall the last time it was this expensive to hold a long on Bitmex. That indicates that too many people having been taking the same side of the trade and I strongly expect a long squeeze to be on the horizon. Possible Entry Could open a short at the current price level (one third of the desire position) due to the 3d death cross combined with the shooting star, horizontal resistance, visible range volume profile and the upcoming sell signal on the Stoch. $7,600 and $6,800 have been identified as strong levels of support. If a bounce from $7,600 leads to a lower high then it would be time to add another third. If a bounce from $6,800 leads to another lower high then it would be time to max out the position. Stop loss at $8,560 provides an attractive risk to reward ratio and can be adjusted with each lower high. I am still watching the triangle on ETH closely and will likely be trading it instead. It does not have the same support below the current price and is also offering a better risk:reward ratio. Click here for my full analysis.
COINBASE:BTCUSDShort
by Sawcruhteez
BTC:USD DAILY UPDATE (day 150)150 straight days of posting the daily update. If you want to improve your TA then that is how to do it! It isn't about which indicators your use or don't use, it is about developing a consistent process. Thank you very much to everyone who takes the time to like and comment, it is greatly appreciated! Previous analysis /position: Remain a bear sitting on the sidelines. Watching the 50 week MA and 0.382 FIB for resistance. Waiting for death cross from 30 and 50 week MA. Patterns: Higher highs and higher lows forming a trend. Horizontal support and resistance: S = $7,814 R = $8,475 BTCUSDSHORTS: Testing 18,500 for support. If that doesn’t hold then shorts could drop all the way to 8,800 Funding Rates: Longs pay 0.0404% 12 & 26 EMA’s (calculate % difference): 12 = +7.07% | 26 = +13.27% | Starting to posture up on the weekly. Will it get a bullish crossover? 50 & 128 MA’s: 50 = +21.70% 128 = +7.83% FIB’s: 0.382 = $8,496 | 0.5 = $10,677 Candlestick analysis: Monthly bullish engulfing Ichimoku Cloud: Daily is bullish, support from Tenkan. 12h starting to form c clamp. 1h cloud is bearish and currently acting as resistance. TD’ Sequential: Green 3 following 9 on the sell setup. Green 2 above a green 1 on the weekly with a 10 on the sell countdown. Visible Range: $8,200 has the second largest volume profile over the past 24 hours and is currently being tested for resistance. $8,200 has the largest volume profile over the past 5 days and 3rd largest over past 1 month. $7,600 to $8,335 has the largest volume profile over the past year. Breaking that level with conviction would be very significant. BTC Price Spreadsheet: 12h = +3.97% | 24h = +/- 0 | 1w = +12.13% | 2w = +31.39% | 1m = +36.03% Bollinger Bands: Pulled back inside top band on daily. MA = $7,151 Back on top of the weekly MA. Trendline: Connects 7/16 to 7/23 Daily Trend: Choppy. Starting to turn bullish. Fractals: UP = $8,500 DOWN = $7,237 On Balance Volume: Daily, weekly and monthly look healthy with no divs. Chaikin Money Flow: Created a higher low and found support at 0.1 on the daily. Broke 0.23 resistance on the weekly. Will it break 0.05? Buy/Sell Sentiment on Trading View (countertrade): Oscillators = Buy | MA’s = Strong Buy | Summary = Buy RSI: Daily found support at 65, will it get back above 70 or form a h&s? Weekly just crossed 50. Stoch: Recent sell signal on daily, still has plenty of room to go on the weekly. Summary: Continue to sit back and wait to see how far this rally can go. I will remain a bear until the longer term MA’s are in a bullish posture and the price is on top of them. Until that happens we are still in a bear market. If we can get back above $10,000 then it is very likely that my conditions for a bull market will be met. Until then I will remember that even if that was the bottom, the bulls are still inside their own 20 yard line. “As for me, I have no desire to carry the football from end zone to end zone. Just give me the territory between the 20 yard lines.” @PeterLBrandt
COINBASE:BTCUSD
by Sawcruhteez
3
BNB correction+Death CrossHey guys, First of all,i would like to tell you that i am a very big fan of Binance and what their team is doing for the crypto community. Even though we have been surprised multiple times by amazing news from the Binance development team,the BNB token used on their platform is about to lose some of it's value on behalf of BTC. As illustrated by the tehnical analysis that you can see above,we are currently in an early triangle formation,that suggests an upcoming correction to the price of BNB. Unfortunately,a death cross has formed,meaning that the 200 MA has gone above the 50 and 30 MA's. How to trade: In my opinion,staying out of BNB is the best decision,at least until we see some price stabilisation.I will provide you with an update as soon as the 18k satoshi mark is reached. Hopefully,we will see the price stay inside the white triangle and not break below. None of this is trading advice,as it only represents my opinion on how things will evolve. If this has been helpful to you in any way,please feel free to drop some change in my piggy bank, or just leave me a review in the comment section.(It would mean the world for me ;) ) BTC: 1FT5eALCLpTKtQDiwQrEvuq51ScXJQqDEZ ETH: 0x3d2966f2cd842dd4c63cb42991d234b8f07e78b5 For any questions,leave a comment down below and i will answer as soon as i get to see it. Cheers!
Short
by The_Sparrow
28
EURUSD- Bearish EURUSD REMAINS WEAK WITH FURTHER LOSSES LIKELY The single-currency looks set to weaken further in the weeks ahead after the formation of a ‘death-cross’ at the end of last week, a negative technical indicator. The chart signal occurs when the 50-day moving average moves below the 200-day moving average, highlighting slowing momentum. The cross also occurred on high turnover, another negative sign. This ‘cross’ shows short-term momentum in an asset class is falling and normally signals lower prices ahead. On the downside, EURUSD initial support is found at 1.15539 ahead of 1.14872.
Short
by Goodlandz98
NEO/BTC not looking too promisingWelcome to this quick review of NEO/BTC We see that NEO has seemingly found the base of its H&S pattern from February, nicely coinciding with the 38% fibonacci level or 0.00700000. Note that the Stoch RSI is showing oversold and similarly on most hourly time scales. There is not enough momentum to push it up. If it does, some key levels are the 50MA (in green) and the descending trending resistance (in blue). Nonetheless, you might notice a Death Cross printed on the Moving Averages. In summary, i would wait for NEO to come back down to the 23% fibonacci level or 0.00500000 to err on the side of caution. We sure love our 'big evens'. My stance is relatively bearish in the short-mid term and there is little evidence of a good trade set-up here. Happy trading :) *Not financial advice*
N
by gingerbre4d