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Topic: Death Cross is about to happen (Read 393 times)

legendary
Activity: 2716
Merit: 1387
June 04, 2021, 05:07:14 PM
#31
Looks like the market movement is just about to invalidate this particular death cross. We'll have to wait and see if America wakes up and decides to continue the momentum or if scalpers will continue to pare off gains.

Either way, golden and death crosses haven't done much for expectations for the past couple of years ha.
Correct, the death cross can be a good indicator on the stock market but on the market of cryptocurrencies it has almost no effect at all as this market moves too quickly, so we would need faster indicators in order to more properly predict the direction of market, so at the end of the day this information is useless because what we care about when it come to indicators is precisely if they can tell us something about the market before it happens, something the death cross cannot do here as the market suffered a massive correction way before it was formed.
full member
Activity: 1610
Merit: 103
The OGz Club
June 04, 2021, 03:49:56 PM
#30
when the market is bullish I think news like this is not important,
even if there is a Death Cross that appears, if it is bullish then the bears will always lose,
judging from the monthly indicators Bitcoin is still strong bullish, so I'm not worried about this Death Cross
legendary
Activity: 2464
Merit: 1102
June 04, 2021, 01:48:14 PM
#29
But hey this is technical analysis. Remember whales don't have to always respect these things.
Aaaaaand we have a lift off. This is why I like bitcoin, there could always be some sort of "this is going to happen most probably" thing and just the opposite of that happens because.. why not, it is a free market and it is so free that even regulations are not there.

Sometimes it is good, because when you expect it to drop it could increase and that's a great thing, this is the part I love about it, but since there are no regulations there could always be whales who would buy millions of dollars every day without disturbing the market working together and then they could just sell it and crash the price all together again and they could end up with more bitcoin that way ruining the crypto world for all the regular people. For now we can be rest assured that crypto is not doing bad, and it will probably not do too bad for a long period of time as well.
hero member
Activity: 2114
Merit: 619
June 03, 2021, 01:19:12 PM
#28
I don't know why people consider the 21EMA and 200EMA as a major cross, According to me Death Cross and golden cross have always been formed using 50EMA and 200EMA and we generally see these averages for other assets. Bitcoin being a more volatile asset it makes even more sense to view these slower averages for the cross. If you will see the daily chart of last 3 years. just 2 out of 8 Golden/death Crossovers depicted extreme price movement from the 200EMA rest 6 times price didn't go too far away from the EMA and came back on the other side pretty quickly. Whereas 50EMA and 200EMA gave much better and accurate signals for a trend reversal. So, I would wait for at least 20-30 more days to declare that Bullish Trend for this bull run is finally over. 
legendary
Activity: 2198
Merit: 1311
June 03, 2021, 06:36:13 AM
#27
Looks like the market movement is just about to invalidate this particular death cross.

Just noise. We're in the death part of the death cross already, it's just that some people don't know it yet.
legendary
Activity: 3010
Merit: 3724
Join the world-leading crypto sportsbook NOW!
June 03, 2021, 04:43:09 AM
#26
Looks like the market movement is just about to invalidate this particular death cross. We'll have to wait and see if America wakes up and decides to continue the momentum or if scalpers will continue to pare off gains.

Either way, golden and death crosses haven't done much for expectations for the past couple of years ha.
sr. member
Activity: 2828
Merit: 357
Eloncoin.org - Mars, here we come!
June 03, 2021, 12:46:58 AM
#25
will it be difficult to increase the Bitcoin price with the appearance of the death cross?
,
according to the post starter yes it is but for me? this will not be always the basis because we as investors will answer that, if we will follow that movement then we will consider selling lol.
Quote
even though on the telegram channel I follow active traders and everyone still says that this is still bullish,
Who are those people? another bounty hunters like you ? who pretending to be investors but the truth is another spam accounts?
or Bot?
Quote
either I can't understand the price of Bitcoin, usually the death cross when the market is bullish is just a small correction and experiences another hike with the golden cross,
then how about everything? is death cross make bearish?
What? where did you get that ideas?
legendary
Activity: 2632
Merit: 1883
Leading Crypto Sports Betting & Casino Platform
June 02, 2021, 09:15:59 PM
#24
I understand that one of the conditions for the death cross to occur is that a bearish trend is confirmed, and there cannot be a bearish trend if a Distribution stage has not occurred. According to many analysts they say that it will happen, but when I read many articles, one in particular catches my attention that states that "History repeats itself" casually with BTC, but history does not repeat itself, because the circumstances that occurred at that time , going back to BTC's past cannot be compared to 2021, which has been a year of many controversies, including a pandemic.

This article reviews it in a great way:


Quote
#BTC is on the cusp of a potential Death Cross

Whenever a Death Cross occurs, BTC experiences deeper downside

How likely is it that this Death Cross occurs for $BTC?

And if it does – what should we potentially expect?

Here’s a thread with my thoughts about the Death Cross:

— Rekt Capital (@rektcapital) June 1, 2021

Source: https://cryptopotato.com/analyst-warns-of-potential-bitcoin-death-cross-and-dump-to-18000/
legendary
Activity: 3780
Merit: 1170
www.Crypto.Games: Multiple coins, multiple games
June 02, 2021, 11:31:06 AM
#23
Whenever people keep calling bitcoin to die, I just laugh. It is such a funny thing that people think the price will suddenly bottom out just because something happened, the reality is that we are not going to have anything like this at all, it is seriously fine and I believe it will definitely continue to be fine in the long run as well. Sure it is not looking ideal right now, I understand the sadness and upset over the fall, and I can see the charts not looking great neither, but let's be honest and say that we have reached from very low levels on bitcoin to look how high we are right now even after the fall, that is just not understandable for me if you think we are doing bad.

This is why I believe we are going to end up with a good amount of profit in the long run if we could wait, there is no death, there is no dying, this is bitcoin and it will always go up in the end no matter what.
full member
Activity: 1064
Merit: 100
Combo Network
June 02, 2021, 06:18:55 AM
#22
will it be difficult to increase the Bitcoin price with the appearance of the death cross?,
even though on the telegram channel I follow active traders and everyone still says that this is still bullish,
either I can't understand the price of Bitcoin, usually the death cross when the market is bullish is just a small correction and experiences another hike with the golden cross,
then how about everything? is death cross make bearish?
hero member
Activity: 2912
Merit: 541
Leading Crypto Sports Betting & Casino Platform
June 02, 2021, 05:22:07 AM
#21
A death cross is not the sign for bitcoin to dead because bitcoin can surprise us by lifting the price to the high price. But if that really happens, I think many people are ready to buy bitcoin at a low price and I think they are waiting for that moment. Maybe you need to research for more to find more info but I do not think that is the end for bitcoin. We can wait for what will happen to bitcoin later, and I hope you are ready too, like others and use that time to buy bitcoin at a low price.
legendary
Activity: 3472
Merit: 10611
June 02, 2021, 02:03:07 AM
#20
We have seen hundreds of these so called "death crosses" in bitcoin already and 99% of the times nothing happens and 1% is just coincidence (even a broken clock is right twice a day). The reason is simply because people don't just do a large scale panic sell because of seeing some arbitrary lines on the chart cross each other!
legendary
Activity: 2186
Merit: 1213
June 02, 2021, 01:43:01 AM
#19
This 100% confirms the death of bitcoin. Obvious.

Confirmed.
full member
Activity: 2268
Merit: 182
June 02, 2021, 01:24:41 AM
#18
Death Cross is about to happen.
What does this mean?

The death cross is a technical chart pattern indicating the potential for a major sell-off. The death cross appears on a chart when a stock's short-term moving average crosses below its long-term moving average.




But hey this is technical analysis. Remember whales don't have to always respect these things.
You are just giving others to take advantage of the market and others to be panicking , we have heard that Death Cross before but that does not mean it will always reveal what will happen.
in several Occasions that market crossed that it does not even count the movement .
sr. member
Activity: 966
Merit: 423
Bitcoindata.science
June 02, 2021, 01:17:42 AM
#17
You need more confirmation to help evaluate this analysis. Most times indicators aren't 💯% reliable because most of this indicators could be lagging or leading so I would advise you don't just time your entry using this alone, other means of confirmation should be considered before placing a sell order because most times the trade might just reverse and keep you in a constant minus.
legendary
Activity: 3178
Merit: 1509
June 02, 2021, 12:31:39 AM
#16
This tweet confirms the death cross will happen. I reckon everyone who held XRP in confidence after Brian Kelley’s recommendation that everyone should invest in XRP during the cryptospace’s famous month of December, 2017 will never forget hehehehe.



#Bitcoin dropped to kick off the month, but
@BKBrianKelly says he sees a bottom forming & a big opportunity for gains.


https://mobile.twitter.com/cnbcfastmoney/status/1399845848218058760?s=12

I am joking
legendary
Activity: 3080
Merit: 1353
June 01, 2021, 09:15:03 PM
#15
That's a sign of a bear market and if we failed to stop that, we will a continuous downtrend on the price in the market. That's expected actually since the collapse of the price, since we already reach the peak we should expect the next thing to happen is bear, and its already here in the market so make sure you know what to do next, either to buy more or to wait for the bottom.

It's really hard to stop it, if that happens then so be it. We all know that TA is not perfect, maybe we can see some break out stop or, the bear will take over and the market will be bleeding. But rest assured that we can still see some signs of reversal in the future and the price could bounce back. We just need to be patience and then be careful of our trades, adjust everything so that we can still make money in this bearish cycle. Adopt so that we can survived, this is not the first time that we have seen a death cross and history tell us that bitcoin is so resilient.
full member
Activity: 1304
Merit: 128
June 01, 2021, 06:00:36 PM
#14
That's a sign of a bear market and if we failed to stop that, we will a continuous downtrend on the price in the market. That's expected actually since the collapse of the price, since we already reach the peak we should expect the next thing to happen is bear, and its already here in the market so make sure you know what to do next, either to buy more or to wait for the bottom.
legendary
Activity: 2576
Merit: 1655
June 01, 2021, 05:39:45 PM
#13
Well if this Death Cross is going to happen then we might see the price still going down. And this could help traders to short . In the other hand, this is another golden opportunity to buy cheap bitcoin isn't it. So still a good chance for those to get in, specially those who wanted to buy again at a very discounted price like us average joe. We shouldn't get nervous and panic here, take every opportunity given to us and look at the bright side of everything for long term gains.
hero member
Activity: 2702
Merit: 540
DGbet.fun - Crypto Sportsbook
June 01, 2021, 05:17:39 PM
#12
Death Cross is about to happen.
What does this mean?

The death cross is a technical chart pattern indicating the potential for a major sell-off. The death cross appears on a chart when a stock's short-term moving average crosses below its long-term moving average.


But hey this is technical analysis. Remember whales don't have to always respect these things.
Death cross? We have passed into those even with Golden cross and these indicators doesnt really precisely tell on what would happen next.
https://www.investopedia.com/news/bitcoin-faces-death-cross-chart-pattern/
https://www.coindesk.com/bearish-death-cross-price-patterns-loom-for-both-bitcoin-and-us-stocks
Usually this do works on stocks but for crypto then its on 50-50 chance since this one doesnt precisely react with indicators.
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