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Author Topic: Bitcoin faces 'death cross' after falling below $9,000 Read more at: //economic  (Read 124 times)
elemosho.crypto
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May 14, 2018, 01:39:12 AM
 #1

Bitcoin’s plunge back below $9,000 has the cryptocurrency facing a dreaded death cross. This occurs when the 50-day moving average breaks below its 200-day counterpart on a closing basis. As the name implies, it’s considered a bearish development.
This would be the first death cross for Bitcoin since 2015.

Read more at: https://economictimes.indiatimes.com/markets/stocks/news/bitcoin-faces-death-cross-after-falling-below-9000/articleshow/64145281.cms

What are you thinking about the death cross?? How long it might take to overcome this??
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May 14, 2018, 02:11:08 AM
 #2

I think bitcoin will be fine and this is only temporary and not a problem for me, and I think it will recover in the near future this month and after that it will run smoothly again.

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May 14, 2018, 02:41:48 AM
 #3

Bitcoin’s plunge back below $9,000 has the cryptocurrency facing a dreaded death cross. This occurs when the 50-day moving average breaks below its 200-day counterpart on a closing basis. As the name implies, it’s considered a bearish development.
This would be the first death cross for Bitcoin since 2015.

Read more at: https://economictimes.indiatimes.com/markets/stocks/news/bitcoin-faces-death-cross-after-falling-below-9000/articleshow/64145281.cms

What are you thinking about the death cross?? How long it might take to overcome this??

I dont think bitcoin will stay in this bearish market for much longer because the other cryptos such as Ethereum, Bitcoin cash and Litecoin have experienced serious gains over the past few weeks/month and i think a lot of that money will start flowing back to bitcoin since it has not gone up as much.

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May 14, 2018, 02:45:48 AM
 #4

I dont think so...
BTC have much potential energy enough..
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May 14, 2018, 04:45:30 AM
 #5

if using moving average and generally speaking using of technical analysis on bitcoin worked then price wouldn't have been this volatile in first place. we can not be certain of the price or even whether this is a bear market or bull at this point but one thing that is always certain is that TA is a total waste of time when it comes to bitcoin speculation.

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May 14, 2018, 06:35:14 AM
 #6

How many "death crosses" are there? Hahaha.

I believe our friendly resident FUD maker called Kwukduck has already told us about the death cross 3 months ago. He also said that Bitcoin will crash under $6000. But nothing happened. Cool



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May 14, 2018, 09:00:51 AM
 #7

the daily death cross already happened in late march, near the bottom.

but it's true, the cross will take a lot to undo. the 200-day moving average is over $10k now, and the 20-week curved down, so the lagging technicals are pitted against us.

above $9600 we can start getting bullish, but until then, we're stuck in a pretty nasty bear trend. Undecided

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May 15, 2018, 06:35:54 AM
 #8

the daily death cross already happened in late march, near the bottom.

but it's true, the cross will take a lot to undo. the 200-day moving average is over $10k now, and the 20-week curved down, so the lagging technicals are pitted against us.

above $9600 we can start getting bullish, but until then, we're stuck in a pretty nasty bear trend. Undecided

I'm 100% sure that the bearish trend will continue during the enitre summer.The btc price might go under 6000 USD,but there will be an outumn boom  and the profits will be huge.Last outumn,btc went from 4K to 11K for one month.This outumn will be the same.

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May 15, 2018, 12:05:05 PM
 #9

I believe our friendly resident FUD maker called Kwukduck has already told us about the death cross 3 months ago. He also said that Bitcoin will crash under $6000. But nothing happened. Cool
In the end FUD's are lies and death crosses that others refer to when they are speculating seems to not exist at all. They are just terms used in order to scare noobs.
What are you thinking about the death cross?? How long it might take to overcome this??
I think the death cross referred to by the source is not real and if it is, Bitcoin will overcome it probably tomorrow because of positive news(such as Goldman Sachs starting trades of bitcoin futures and positive predictions of some prominent persons like Arthur Hayes.)
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May 15, 2018, 12:22:18 PM
 #10

lately i saw many people misinterpreted Technical Analysis(TA) as a FUD and something like that,it is trully a shame.
how about people who has 0 knowledge with technical analysis stay away with this kind of topic ?
for you who do not know anything about 'Death Cross',please read it in here;
Death Cross

the daily death cross already happened in late march, near the bottom.

but it's true, the cross will take a lot to undo. the 200-day moving average is over $10k now, and the 20-week curved down, so the lagging technicals are pitted against us.

above $9600 we can start getting bullish, but until then, we're stuck in a pretty nasty bear trend. Undecided
i am not fan with this kind of TA to be honest,but i could not agree more with this.
let see what will happens with Bitcoin after this #consensus (usually the price pumps for more than 10%)
if nothing happens i believe we will see a huge downward movement in a couple months later.

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May 15, 2018, 12:59:04 PM
 #11

How many "death crosses" are there? Hahaha.
There is an endless supply of them. Cheesy

Today the price goes up, all the TA fanboys start seeing upwards patterns.
Tomorrow the price goes down, all the TA fanboys expect the price to fall down a bit lower.

One impulse dump means bye bye TA. One Tweet means bye bye TA. One article means bye bye TA.

People should just admit that short term speculation isn't anything other than gambling. The only thing happening is that people hope to book a gain, while in reality it can go either way. It's a 50/50 shot. The only difference with gambling is that in case of a losing trade you just lose a few percent, while with gambling you lose it all. In other words, one or more mistakes won't result in a bad ending.

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May 15, 2018, 01:45:22 PM
 #12

How many "death crosses" are there? Hahaha.

I believe our friendly resident FUD maker called Kwukduck has already told us about the death cross 3 months ago. He also said that Bitcoin will crash under $6000. But nothing happened. Cool



This is the third death cross claim I've personally encountered here since January and I didn't even realise good old kwukduck had also come up with it. This is probably the weakest claim, however, as it was tempered with last month's sudden spike of 1k.

Next up will be the double bottom call again, though I suppose it would be a triple or even quadruple bottom. Crosses and bottoms. This is what it's all come to.

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May 15, 2018, 02:56:08 PM
 #13

nothing happened on the last "death cross". Nothing will happen again now. Bitcoin isn't gonna suddenly start crashing simply because of one technical indicator. It probably will take Bitcoin a bit to break $10k, but it's not it is gonna just randomly start dropping back to $6000. We've been there, it got rejected, and now the base levels of support are a couple thousand dollars higher. If anything I think we'll just stay for the most part in this 8000s and 9000s range for another month or so.

Right now Bitcoin is bouncing around from low-mid 8000s to high 8000s. Unless there is another MtGox sell off or some big hack or other one off bad news event the 8000 support line should hold.
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May 15, 2018, 03:35:02 PM
 #14

I think bitcoin will be fine and this is only temporary and not a problem for me, and I think it will recover in the near future this month and after that it will run smoothly again.
Anyone who even wants to pay attention to all these death trap will have themselves to blame in the long run. I remember few months ago, I guess around February, we ended up having this same thing coming up with a lot of news of some dumb analyst predicting a lower value as a result of death trap on the daily chart and then we have it going up, with us coming back to this bull shit news again. People should better get a real job than posting nonsense. Forget TA and blend with trend, i guess you will be far better off as a trader and even an investor.


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May 15, 2018, 04:47:08 PM
 #15

nothing happened on the last "death cross". Nothing will happen again now. Bitcoin isn't gonna suddenly start crashing simply because of one technical indicator. It probably will take Bitcoin a bit to break $10k, but it's not it is gonna just randomly start dropping back to $6000. We've been there, it got rejected, and now the base levels of support are a couple thousand dollars higher. If anything I think we'll just stay for the most part in this 8000s and 9000s range for another month or so.

Right now Bitcoin is bouncing around from low-mid 8000s to high 8000s. Unless there is another MtGox sell off or some big hack or other one off bad news event the 8000 support line should hold.

a lot of people want the price to drop that low which is why we keep seeing this type of speculations popping out these days. but at the same time they all know that price isn't going to fall anyways which is funny enough because this is the reason for sudden sharp jumps since the same people end up FOMO buying bitcoin as their dreams are crushed and price doesn't fall to their dream.

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May 15, 2018, 05:03:30 PM
 #16

We've been nearing a death cross for months now. I thought it would have happened already:

https://www.cnbc.com/2018/03/28/bitcoin-is-nearing-a-death-cross-on-the-charts-heres-what-it-means.html

That article was written in March. As for how the last death cross was overcome, it's also in the article:

The last time the death cross pattern occurred for bitcoin was in September 2015. After the death cross, bitcoin rallied close to $500 by early November that year from around $230.

I'm not worried in the least lol. I'm not at all convinced traditional market analysis works on Bitcoin anyway.

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May 15, 2018, 05:14:12 PM
 #17

nothing happened on the last "death cross". Nothing will happen again now. Bitcoin isn't gonna suddenly start crashing simply because of one technical indicator. It probably will take Bitcoin a bit to break $10k, but it's not it is gonna just randomly start dropping back to $6000. We've been there, it got rejected, and now the base levels of support are a couple thousand dollars higher. If anything I think we'll just stay for the most part in this 8000s and 9000s range for another month or so.

Right now Bitcoin is bouncing around from low-mid 8000s to high 8000s. Unless there is another MtGox sell off or some big hack or other one off bad news event the 8000 support line should hold.

a lot of people want the price to drop that low which is why we keep seeing this type of speculations popping out these days. but at the same time they all know that price isn't going to fall anyways which is funny enough because this is the reason for sudden sharp jumps since the same people end up FOMO buying bitcoin as their dreams are crushed and price doesn't fall to their dream.

Yeah people just want the price to drop so they can load up with more before the price gets really high. But most people want bitcoin to go up. So if the naysayers sell their bitcoin hoping for another crash they are just gonna get squeezed into buying at a higher price. Users will snap up any bitcoin when the price drops a bit because they know we're already at a good price. The market will not wait for a huge drop before buying the dip.

I do think growth will be slow the rest of the year. Well I think it depends on if institutional investors get in on Bitcoin in a big way this year or not. If they start buying up billions of dollars this summer and Fall it could get back to $20k this year and initiate another serious FOMO state which launches the next bull run. However if they just nibble here and there I think it'll probably just slowly get back to $15k by end of year and maybe take a year for another bull run to initiate. But either way I don't think there is any reason to be worried about a continued crash when we have just gotten out of the crash. Outside of really terrible news I don't see any reason Bitcoin will go under 8000.
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May 15, 2018, 06:40:53 PM
 #18

Bitcoin’s plunge back below $9,000 has the cryptocurrency facing a dreaded death cross. This occurs when the 50-day moving average breaks below its 200-day counterpart on a closing basis. As the name implies, it’s considered a bearish development.
This would be the first death cross for Bitcoin since 2015.

Read more at: https://economictimes.indiatimes.com/markets/stocks/news/bitcoin-faces-death-cross-after-falling-below-9000/articleshow/64145281.cms

What are you thinking about the death cross?? How long it might take to overcome this??

After the mark of 9000$,bitcoin struggle a lot.It's is very hard to get back to 8500$,last two days.Yesterday,their is some fluctuation in the bitcoin price.Today the price of bitcoin had reach 8800$,very close to 9000$.Their are huge chance for 9000$ mark in bitcoin price by tomorrow.
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May 15, 2018, 07:06:19 PM
 #19

I really do not know why these guys will not just keep shut for once with all their craps. This is not the first time in this year they are going to be coming up with this dumb death cross thing and it is important to know that whoever is making decisions based on that as an investor will only be panicking for no reason.

If we get to go down lower, I feel what people should be focused on is buying more lower as long as you cannot trade yourself because it really does not make sense listening to all these craps.

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May 15, 2018, 08:58:13 PM
 #20

What are you thinking about the death cross??

because whenever the price falls has so many comments on "death cross" and when the price rises has a lot of comments that we will reach the $12,000, we will reachr the $15000, we will reach $20,000, we will be equal to one wave, if the price goes up = we have
super optimistic comments and if the price falls = we have super negative comments such of "death cross".

How long it might take to overcome this??

I do not know, nobody knows. and I need to see that we are facing governments and central banks with their regulation and this will not be easy to surpass, so the price will not have that great increase that we had last year


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