Topic: Death Cross is about to happen - page 2. (Read 384 times)
This 100% confirms the death of bitcoin. Obvious.
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.
The death cross can be effective in markets that move very slowly like the stock market but for a market like this one then the death cross is nothing but a confirmation there is a negative trend and that it maybe difficult to come out of it, so while this is not a good signal at the same time I do not think this means we are going to see any kind of major dump in the markets coming from whales or retail investors as that already happened. 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.
It's basically saying "Bitcoin couldn't maintain its growth, so the bull run is over and we're in the bear market now". It's just an a conclusion driven from observing recent price movement. But maybe tomorrow some new institutions will announce that they have invested billions in Bitcoin or other positive news will happen, and you can throw TA out of the window because news is a very powerful factor that no one can easily predict.
That's right, because with some positive news, the market will change its course and so the charts will give another meaning. But it is better that you are keeping up with the market as you will know possible movement and so you can act accordingly to safeguard your assets. Also, when it comes to crypto market, most of the time they break all the TAs that you know of.
Usually, 50MA is being use for shorter moving average instead of 21MA but this crypto so shorter is the most accurate one although its still need a lot of confirmation since the time frame on your is daily. Maybe check the weekly chart and shorter time frame to determine whether there is same pattern to get the direction.
This is a nice suggestion as we can see the bigger picture here.
It's basically saying "Bitcoin couldn't maintain its growth, so the bull run is over and we're in the bear market now". It's just an a conclusion driven from observing recent price movement. But maybe tomorrow some new institutions will announce that they have invested billions in Bitcoin or other positive news will happen, and you can throw TA out of the window because news is a very powerful factor that no one can easily predict.
Sometimes moving averages will change depending on the whale's decisions because the market is heavily manipulated by them and there could be changes. So, therefore, sometimes technical analysis will be a failure if you don't apply fundamental analysis, we must just look around and see what happens with most news they had because sometimes the price will vary on the news and create sometimes an impact.
However, considering this with a short-term trading and will I guess scaling method will I guess applicable.
However, considering this with a short-term trading and will I guess scaling method will I guess applicable.
Sometimes the market doesn't really go along with technical analysis but most of the time, it follows those TAs accurately.
I think you need more confirmation about that mate because to be honest there's always a scenario in such things wherein has possibility to change, use more indicators mate if its the same, indeed sometimes they are not accurate, that's why I'm saying it always good to wait for more results than making a decision on this situation..
That's okay, it's just an analysis and thanks to OP for giving that analysis of his. We can take it as a reminder of what others can see to the market and us, it's all up to us if we're going to absorb them and use it with our decisions if we're going to go along with it.
If you choose the appropriate average lenghts, you will always find a death cross somewhere. You need to look at more indicators to get a more holistic idea. Glassnode had a very reasonable report recently about the May selloff. Their final conclusion was you have both indicators which point in a bearish and in a bullish direction.
Death cross if happens is not the end of Bitcoin. It can be an artificial death cross to create more panic, for longer plans.
Expand the view more widely and connect dots, you will see the death cross you are calling will not important in the end of this year.
Expand the view more widely and connect dots, you will see the death cross you are calling will not important in the end of this year.
- Price is manipulated
- Charts, death cross are artificially manipulated
- History can be repeated
- Big events to come
Usually, 50MA is being use for shorter moving average instead of 21MA but this crypto so shorter is the most accurate one although its still need a lot of confirmation since the time frame on your is daily. Maybe check the weekly chart and shorter time frame to determine whether there is same pattern to get the direction.
I think you need more confirmation about that mate because to be honest there's always a scenario in such things wherein has possibility to change, use more indicators mate if its the same, indeed sometimes they are not accurate, that's why I'm saying it always good to wait for more results than making a decision on this situation..
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.
source
But hey this is technical analysis. Remember whales don't have to always respect these things.
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.
source
But hey this is technical analysis. Remember whales don't have to always respect these things.
Jump to: