Death Cross is about to happen | Bitcointalksearch.org

Silberman

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Quote from: buwaytress on June 03, 2021, 04:43:09 AM

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.

ningrum

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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

SquallLeonhart

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Quote from: Pokapoka124 on May 31, 2021, 11:08:25 AM

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.

teosanru

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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.

proudhon

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Quote from: buwaytress on June 03, 2021, 04:43:09 AM

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.

buwaytress

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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.

Reatim

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Eloncoin.org - Mars, here we come!

Quote from: CapGelatik on June 02, 2021, 06:18:55 AM

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?

LUCKMCFLY

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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/

el kaka22

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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.

CapGelatik

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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?

ethereumhunter

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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.

pooya87

legendary

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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!

UnDerDoG81

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Quote from: proudhon on June 01, 2021, 04:47:12 PM

This 100% confirms the death of bitcoin. Obvious.

Confirmed.

bitterguy28

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Quote from: Pokapoka124 on May 31, 2021, 11:08:25 AM

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 .

Zilon

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Bitcoindata.science

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.

bbc.reporter

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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

Kemarit

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Quote from: Scripture on June 01, 2021, 06:00:36 PM

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.

Scripture

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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.

Baofeng

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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.

Quidat

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Quote from: Pokapoka124 on May 31, 2021, 11:08:25 AM

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.

proudhon

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This 100% confirms the death of bitcoin. Obvious.

Silberman

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Quote from: Pokapoka124 on May 31, 2021, 11:08:25 AM

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.

Twinkledoe

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Quote from: hatshepsut93 on May 31, 2021, 06:20:52 PM

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.

Quote from: Beparanf on May 31, 2021, 11:54:07 AM

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.

hatshepsut93

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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.

ReiMomo

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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.

livingfree

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Sometimes the market doesn't really go along with technical analysis but most of the time, it follows those TAs accurately.

Quote from: Ararbermas on May 31, 2021, 11:47:31 AM

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.

CryptoCrookz

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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.

tranthidung

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Farewell o_e_l_e_o

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.

Price is manipulated
Charts, death cross are artificially manipulated
History can be repeated
Big events to come

Beparanf

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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.

Ararbermas

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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..

Pokapoka124

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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.

Topic: Death Cross is about to happen (Read 384 times)