Topic: What do you guys think about the death cross ? - page 3. (Read 635 times)

a death cross is just 2 lines created by humans and a app..
it meaning is about as powerful as a todler with a marker pen doing scribbles

the lines are not based on upcoming events(halving), innovations(better asics that give stronger support to btc)
its just on looking to the past and pretending they have a crystal ball that the past always repeats itself

sorry but it doesnt.
people drawing lines on price charts but only using source data of the price chart is very limiting in analysis.

heck i can take a 60 day chart and analyse it and get a line out of it.
heck i can take a 80 day chart and analyse it and get a line out of it.
heck i can take a 120 day chart and analyse it and get a line out of it.

all 3 lines show different 'death cross' ETA
so it just shows that a death cross is meaningless as it wont be a fixed thing. its just random prediction based on selective data

might aswell have a dart board and aim three darts at it and total up the score. then just say based on the score something will happen on day xxx of the next 180 days

..
the purpose of these graphs is not to predict an event. but try to convince bot traders to use their data to cause bots to auto trade to CAUSE the prophecy.
yep its not a predicting an event its to attempt to cause the event which wont happen unless they convince people to react unnecessarily

A death cross on the daily timeframe would be pretty impactful on the price movement, but as always it could be just another fake out so the bulls create liquidity, but it is less likely. On the last daily death cross Bitcoin price plunged over 60% which would put us at around $3120. I don't think we'll pierce through the $7000 support line though especially with the halvening coming next year, but anything is possible in crypto.

I would say that this death cross can be a good thing to discuss academically but we know that with Bitcoin not all of our predictions and projections can be happening. Though there is nothing wrong if we have threshed out this phenomenon layer by layer. I am not a very technical prson but I am equally amazed at this discussion and how will the market be eventually swayed by this. Let's see in the following weeks if this death cross can really mean more dips for Bitcoin. The use of the word "death" is more alarming to me rather what its meaning, actually.

Same thing I think about the bell bottom, double bottom, triple bottom, Bart Simpson, golden cross, etc. They're fun to see, fun to make, but serve no useful purpose in helping us understand where Bitcoin price is going.

From what I am forced to hear, the death cross has sort of threatened to appear several times already, and generally means a bear trend confirming (but really, didn't we confirm that long ago?). But Bitcoin does as Bitcoin does. Short BTC now and you could just as well enter a trap.

IMO what's wrong with supporting the fact? or even there is bad thing happen we still spread positive response? isnt it a lie?

technically, death cross surely bearish sign which can make strong effect

but it hasnt happened now, maybe happen in the next week or so. or it's still has potential to pullback. let's see


source : coindesk

while i am also in believe that Bitcoin will never Hit a Million dollar value yet i don't believe about that death cross.for years of being ere i dont remember how many times i have read that bitcoin or even the crypto market is nearly dead but until now never even a sign or indications happen so nope.this will never be true

instead of supporting this kind of negative issue why not just help create a positive response so the other readers won't extend the same,as this is just a created issue of those whales to bring Fud and make the price bottoming again

It is just a pattern in a technical analysis wherein there is always a two way scenario.. Which means it is more like a guess opportunity pattern.  The current market sentiment is something like.. wait and see, though I believe lots of people who longed when Bitcoin got some recovery last week are probably itching to sell, they are getting impatient.  It is worsen by a sudden move of some huge BTC fund to an exchange, we can probably see some price drop in the next days.


If you are looking for an article about this Death Cross, you can find it here: https://www.coindesk.com/looming-death-cross-suggests-bitcoin-may-be-nearing-price-bottom

Well the death cross is not applicable to bitcoin. Maybe it can be applied to stock market but not to cryptocurrency. If you notice the movement of the stock market and cryptocurrency has a very big difference in terms of volume and in terms of volatility. This death cross is not a threat to bitcoin, bitcoin will continue to rule the world of digital currency and many years from now it will surely hit 1 million dollars. I am not that bullish but I believe that a decade or two bitcoin will nail that value.

Financial analysis of Bitcoin's price history has not gained anyone any good prediction of what is going to happen in the future. We just bounced back from a 80% drop in the price and in this year alone we grew from $3000 to $12 000 in a few months. 

Where will they extrapolate the "death cross" ....because $3000 was pretty low and we are now averaging around $8000 for quite some time now. 

Ignore all the "noise" from speculators and just gather more coins, because the Moon is coming. 

do you have a video or article to provide? I'd love to read or watch this meeting and to decide what I feel about it. investors, experts etc..  has been saying for years that bitcoin is near death
and it still here? I'd love to know the whole of their meeting so a video or an article would be nice.

I think everyone around is absolutely right regarding the death crossover it actually is a horrific event which could really make BTC go further down to 6k ranges. Basically the 50D MA is falling upon the 200MA and can soon intersect it from the top I don't think it's long before we see a quick bearish action in the market which would become the reason of the penetration. I think best right now is to stay out of the market and only enter once the dusts have settled. Holiday season and Christmas are good indication to predict price action but definitely not better than moving averages.

Apparently not every news that we see is good and there have been a meeting in NYC of the big investors Who are analyzing the price of Bitcoin and telling how it's looming near the death cross, if it crossed that then it will directly hit the bottom price and People will loose a lot apparently.

Let's keep it realistic , no bitcoins hitting 1 million and such , what do you guys think of the graph ? Why haven't it been moving to a favourable turn and as far as I remember the holiday season is coming so I don't think I would expect a huge price increase Soon , because we all know how holiday season affect bitcoins.