With a major one potentially coming within the next 24 hours... Beware, bulls!
Bulls, beware!
potential ma death cross on the BTCUSD daily chart. The last time a death cross occured (20 ma crossing below 50 ma) was in October 2018. Shortly after, BTC price more than halved! Potential death cross coming in the next 2 days!
I can not believe my eyes! Can charting crypto all be a mean prank!? Do I truly see what I am seeing here! I just projected the 20 MA and 200 MA on the LTCUSD daily, and to my GREAT BIGLY SURPRISE, a crossing of these lines would/could occur on the 6th of August 2019... which coincides with the Litecoin halving! We are talking of the death cross of all death...
The last time a death cross occurred on the LTCUSD 4h chart, LTC price dropped from $120 to $80; $40 drop in a mere week. A similar drop from this level, $95, would put LTC around $60, which has been my target for a long time. BE CAREFUL BUYING HERE.
As we can see, LTCBTC made 3 bearish MA Crosses with a more significant 4th one under way. If Litecoin doesn't hold 0.0085-0.0087 range, and holding this is unlikely due to coming bitcoin correction, it will drop to 0.0065. If 0.0065 doesn't hold, chances are LTCBTC will drop to 0.001-0.002 range, but we have to evaluate after 0.0065 is reached. If LTC reaches...
Bitcoin has formed a perfect head and shoulders pattern, which is a bearish pattern. The parabolic advance trend seems to be broken, but waiting for further confirmation. A bearish MA cross has occurred, with potentially another and more significant one coming up soon. Based on these indicators, and taking into consideration no significant correction...
Hello my fellow Bitcoinistas! I had some bears to slay this weekend but I'm back now. As you can see on the zoomed in weekly chart everything I was expecting to happen has happened or is in the process of happening. The Baby blue trend line holds - Check We start this week green - Check The 20/40 week MA Cross becomes more pronounced - Check For these reasons,...
The previous positive MA-200 cross was on December 25, 2017, with the price rising from 14.4 cents to peak 53 cents in 2-3 weeks. Now, however, we are not in the 14 dollarcents region. However, an increase to start with (370%) is possible. This will bring us back up to 8 cents. How long will it take? I count on 8 to 9 months with some good and bad weeks. We can...
There is a head and shoulders pattern playing out around the 0.5 - 0.618 fibonacci retracement zone. If as expected we will see a short following the C-D trend line of the AB=CD pattern. This should occur with the MA's crossing over to the down side for a good stretch. 1.7440 should be the next target after this roll over down a parallel channel, then a possible...
The rejection from 4100 was extreme but it was bought up in the 3900s as quickly as it was sold down. I see this as the market punishing greedy bulls and establishing a pattern for them so that they don't long the next breakout above the triangle resistance. The 3day and 1day charts are still in upward mode and pushing this, however, this could change if we stay...
Step 1 - Apply 8 & 20 sma to chart Step 2 - Apply ma crossover alert to chart Step 3 - Enter at candle close as 8 sma crosses above 20 sma Step 4 - SL below crossover point Step 5 - You determine TP point
What I'm doing in this bear market is cycling through the medium time-frames and looking for the price to get stuck under a successful moving average cross like you see here. Price will likely fall sometime around the beginning of the next 45 minute candle. Stop is set just above the cross just incase the cross-over is challenged.
CZ said the weekly chart was bullish before the dips, now this chart is even more bullish because you have an opportunity to long from $6k again. Good luck friends!
G'Day Cobbers After a strong few weeks we have found the 8500 level impassable and the selling pressure has pushed us back down in a corrective move, the question we need to be asking is this a healthy correction or are we heading back down to retest the recent breakout. If we break below this level I will be switching my long term bias to bearish, as it will...
We can see very interesting setup - downtrend MA crossover of 22 and 44-days MA. I drew Fibonacci retracements and for us important levels are 50% and 61,8%. For those who want to risk more - they can long from with tagets on these levels. For the conservative ones - these levels could be great entries for short trade. Trade safe !
Pretty simple idea/update saw a H&S forming, lets see if it does and short the market IF it completes there is also a possible MA cross coming up on a 50/200SMA if pattern completes then most likely a death cross will follow but if bitcoin finds some buyers then it could break the pattern and carry on up and probably form a golden cross use fib levels to work...
Hi boys! Today I'm having fun with this big BTC. He gives me a lot ideas ;) In the past, BTC was bullish. In December, BTC became bearish and still is. My chart in a day because, BTC will go down in few days, in my buying zone. My stop loss is a indicator, but it is optional because it's not necessary. When BTC arrives in my buying zone, it will go up! I use MA...