what can it mean "death cross" to bitcoin?

noictib

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Quote from: rillater on March 30, 2018, 04:46:55 AM

I have read a news that has left me somewhat worried:
"Bitcoin prices dropped more than 5% in early trading Thursday to slip below the $7,500 mark. Thursday morning's decline sent bitcoin to its lowest price since early February, bringing 2018 losses to as much as 48% in earlier trading. This quarter's major decline is the largest in the span of a single three-month period since 2011. The decline Thursday brought bitcoin close to breaking below its 200-day moving average as well. Should bitcoin reach close to $7,240, the cryptocurrency's 50-day moving average could break below its 200-day moving average, a phenomenon traders refer to as the "death cross." According to Coindesk's statistics, bitcoin fell as low as $7,330 Thursday, putting it within striking distance of the ominously named technical level."
Should we worry if a death cross occurs?

In actual we can't use here any word about bitcoin like dead because the main reason is that bitcoin is that part of the online world currency where that have no particular upper and lower limit where we can say that it is in the limit .
And also here we can see that lots of people are working with the bitcoin ( entering and also leaving it with Thier own reasons ) , so here fluctuations can go much down as well as dowm much .
So here we should not have any type of the fear in our mind to have such types of the rates fluctuations , and here positivity in our mind should be like this that , if price is going down then surely price will go also up because to go the price down has low probability than up .

Keras kojor

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As a signal the beginning of a bearish market; formed from the crossing between the Moving Average in the lower-and-less periods of the higher-rated Moving Average.

MrRiuss

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do not to worry about it. its a normal situation and condition that it will going up or down, only two direction, up and down. in fact, for some people, its a opportunity to buy at low Cool

masudginanjar

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it may be precisely not the Crucifixion but perhaps a fall in prices to Bitcoin.

because I see Bitcoin is still a lot of its users and still in use on some famous Exchange. if Bitcoin is dead maybe this second also I am not there in this forum.

p4npos

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It's better not to read various news that say such things, because otherwise you can just sell all your coins and stay with nothing. You should always listen to your gut more.

BlasterS

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Death cross is the process wherein the longterm investment in the world trade market is being cut-off or in other words it makes a short-term due unexpected events.
In bitcoins it does not reach the highest market value as expected because of the external factors happened.

PUNjabSee

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sorry my friends should stop thinking about the concerns that have not happened yet, the previous experience can be used as a foothold and encouragement so that we can stand even though the storm hit hard, as long as people are still talking about bitcoin I feel that bitcoin will stay alive for less than ten years from this bitcoin birth I think the future will be bright and today is not mature of course we have to think more into the concern and care about how to maintain and care for it well through all the potential possessed from various aspects that can be given for the progress of bitcoin.

Digital_Lord

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Quote from: Kray on April 05, 2018, 02:46:21 PM

Even if it happens, it seems we have to welcome it well. Because we can buy Bitcoin with a cheap price, that if you understand what is the meant of HODL, not a short-term traders. I believe Bitcoin will definitely return to its highest price, just like last year, but it’s uncertain when it will happen.

This is all the game of finding your earning source and then earn maximum from that. As far as bitcoins are concerned, I think they are beautiful in both case. In first, if the bitcoins are higher, you are good to go for selling them at highest prices and earn handsome money. Secondly, if the prices are lower, don’t just worry rather keep buying bitcoins as possible lowest price and then hold.

Phildo

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Bitcoin’s move determined based on market conditions, where markets are heavily influenced by statements issued by governments and large institutions. Those statements will affect the mental and decision of the users and the news can also affect the conditions, even the patterns of Bitcoin occurred are very dynamic and very difficult to guess. So it seems that Technical Analysis doesn’t play a role in this case.

Kray

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Even if it happens, it seems we have to welcome it well. Because we can buy Bitcoin with a cheap price, that if you understand what is the meant of HODL, not a short-term traders. I believe Bitcoin will definitely return to its highest price, just like last year, but it’s uncertain when it will happen.

samiraetn

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Bitcoin price is falling down remarkably. But this is not permanent. If you remember, you can see that bitcoin price was below $500 once. It rose gradually. Now it is going down so. But it will start its journey to up soon. Most probably, by the end of this year.

bct-72

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Too many speculations drops price.

Lampaster

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I find it funny when people use terms such as the cross of death. It seems to me that it is a cross of mind. You still have not realized that bitcoin does not accept standard templates. The price of bitcoin is influenced by a large number of subjective factors and the lack of regulatory mechanisms on the exchange makes the price of cryptocurrencies unpredictable.

Blackrain13

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Quote from: rillater on March 30, 2018, 04:46:55 AM

I have read a news that has left me somewhat worried:
"Bitcoin prices dropped more than 5% in early trading Thursday to slip below the $7,500 mark. Thursday morning's decline sent bitcoin to its lowest price since early February, bringing 2018 losses to as much as 48% in earlier trading. This quarter's major decline is the largest in the span of a single three-month period since 2011. The decline Thursday brought bitcoin close to breaking below its 200-day moving average as well. Should bitcoin reach close to $7,240, the cryptocurrency's 50-day moving average could break below its 200-day moving average, a phenomenon traders refer to as the "death cross." According to Coindesk's statistics, bitcoin fell as low as $7,330 Thursday, putting it within striking distance of the ominously named technical level."
Should we worry if a death cross occurs?

No. I think every bitcoin investors has a different view ,beliefs and vision about what happen to bitcoin price since the beginning of this year 2018. Mostly now are worried but those investors tha has a positive mind will not worried instead they grab this opportunith to buy more and invest more because they look forward to a positive outcome after this bitcoin fluctuation.

Yakapo

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The name is meant to scare you and insinuate that the end of BTC has come, from wherever you heard this? authenticate it and make your own evaluation of if the claim is reasonable, most of them are just misleading tactics

buburjelly

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Feel worried may be but do not panic because the market conditions crypto is being bearish so you do not fight the current from the current price of crypto. We wait for a good momentum to make a buyback because seen from the previous history of death across the decline never exceeds 10% of the support before the last pumping.

Jet Cash

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Bitcoin is a unique phenomenon, and there is no precedent. Charts may be useful to check short term trends, and even to discover buying opportunities, but they are of no use for long term predictions in my opinion. There are so many outside influences, and attempts to manipulate the price, that one needs to watch and understand the political news more than the charts.

I believe that Bitcoin may well be pushed lower for a variety of reasons, but if you look at the people and organisations that are acquiring Bitcoin for long term investment, then you will probably believe that at some time, probably later this year, buying pressure and FOMO will push the price of Bitcoin to new heights.

Xavofat

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Did you see that ludicrous display last night?

Technical analysis is very difficult for Bitcoin. In most investments, people use technical analysis in the long-term alongside detailed fundamental analysis, but a lot of articles about Bitcoin focus solely on TA.

Also, most of the technical analysis people attempt on Bitcoin is intended to be used for longer time-frames - usually over a year - and yet people often use it for as little as a couple of months.

In the case of the death cross, even though it's objective whether it happens or not, it's still hard to tell how relevant it actually is to predict the future Bitcoin price since so many different technical signals can be used.

mifanmuzny

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Quote from: YuginKadoya on March 30, 2018, 06:21:23 AM

It can go even bellow $6500 mark but I consider $7000 USD as the bottom what I am saying here is I surely am just speculating it and don't want the price to stumble down any further the bottom that I mark, But considering the price now we can have a $6500 bottom or even worst than that so buckle up because it's gonna be a dumpy ride for all investors that wants to take out their bitcoin on their wallet because of fear of losing so much money.

Personally what i think is some big fishes wanna get in on BTC and they are pulling all the gemics to buy at a very low DIP... HODL

mifanmuzny

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Bitcoin 'Death Cross', Sniperstube remains hopeful that this is a Bear Trap and that the RSI is oversold hinting a bottom soon which will confirm the double-bottom correction which will put an end to the correction.

Topic: what can it mean "death cross" to bitcoin? (Read 207 times)