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Author Topic: What do you guys think about the death cross ?  (Read 380 times)
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October 19, 2019, 05:46:05 AM
 #1

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.



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October 19, 2019, 06:10:12 AM
 #2

Death crosses mean as much to me as the Golden crosses meant, which isn't a lot. This is Bitcoin.  This isn't some traditional stock and this isn't some traditional rule.

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October 19, 2019, 06:42:31 AM
 #3

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.
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.
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October 19, 2019, 07:41:39 AM
 #4

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.

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.

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October 19, 2019, 08:42:40 AM
 #5

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.  Tongue

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

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

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October 19, 2019, 08:47:40 AM
 #6

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.

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October 19, 2019, 08:49:24 AM
 #7

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.

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.

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.

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.

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
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October 19, 2019, 08:52:36 AM
 #8

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.
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
Death crossover is very crucial for bitcoin, it will become more volatile and we can’t know the real bottom if we go down that much. Holiday season doesn’t bring much pump to cryptomarket as people tend to spend more and cash-out their money for their personal purpose. I hope bitcoin to survive, brace yourself, stay positive and don’t panic.

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

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October 19, 2019, 09:30:48 AM
 #9

]
]
Death crossover is very crucial for bitcoin, it will become more volatile and we can’t know the real bottom if we go down that much. Holiday season doesn’t bring much pump to cryptomarket as people tend to spend more and cash-out their money for their personal purpose. I hope bitcoin to survive, brace yourself, stay positive and don’t panic.

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
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
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October 19, 2019, 09:50:44 AM
 #10

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.

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October 19, 2019, 10:30:10 AM
 #11

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.
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
Death crossover is very crucial for bitcoin, it will become more volatile and we can’t know the real bottom if we go down that much. Holiday season doesn’t bring much pump to cryptomarket as people tend to spend more and cash-out their money for their personal purpose. I hope bitcoin to survive, brace yourself, stay positive and don’t panic.

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

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.

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October 19, 2019, 10:38:16 AM
 #12

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.

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October 19, 2019, 11:09:41 AM
Last edit: October 19, 2019, 11:51:38 AM by franky1
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 #13

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

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October 19, 2019, 06:03:54 PM
 #14

Bitcoin isn't a cat that have 9 lives, I wonder when they are going to stop saying that bitcoin is getting its funeral soon, I mean this rumors are spreading since bitcoin got the spotlight, lets stop believing this nonsense, you wouldn't be here if you gave up in bitcoin already.


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October 19, 2019, 07:13:19 PM
 #15

It's not science to me, it's just making predictions by finding patterns. It can come true or not, pretty much like any other prediction. Bitcoin is not very predictable, and it would be strange if it was, given that the price is not regulated by any authority. I hope that people will stay calm, won't make this "profecy" self-fulfilling. Bitcoin is holding the position, for now, it may or may not keep doing so regardless of any crosses or whatever else people see while analyzing the charts. If people who have a lot of Bitcoins believe the FUD around the cross thing, it can bring us another price drop. But saying that the drop was caused by the cross would be committing the post hoc ergo propter hoc fallacy.

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October 19, 2019, 07:27:12 PM
 #16

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.
The death cross means absolutely nothing to me, when it comes to stocks and other similar markets that move slower that this market it could be possible to use that crossing as a signal that the market is going down and it will soon enter a bearish season but when it comes to this market that moves so fast and it has a huge volatility the death cross means nothing, I do not really need a confirmation that the market is going down when I can see what the price has been doing during the last weeks.

What I will be interested in knowing will be how low the price will go and how long will this bear season last but as far as I know that is not possible to do.


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October 19, 2019, 08:31:50 PM
 #17

What I will be interested in knowing will be how low the price will go and how long will this bear season last but as far as I know that is not possible to do.

That's what moving averages are for in my opinion. It's obviously not bullet proof, but what is?

If we're above the 200MA on the daily, we're generally quite bullish and vice versa when we're below that moving average. Currently we're hovering below the 200MA on the daily, where one more dump will make me shift to the weekly time frame to reassess the market. The 200MA on the daily is ~$8800 while the weekly 200MA is gearing towards ~$4700 as we speak.

Back in 2018 and 2019 we had a bounce off the 200WMA twice which ended up being the perfect bottom to buy. It's important to state that between 2016 and now we have never had a weekly close below the 200WMA, so it should tell you something about how important it is for long term trend recognition.

We're currently far above the 200WMA, so the longer we consolidate above that moving average we're going to get a higher floor even when we move sideways for a whole year.
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October 19, 2019, 08:48:06 PM
 #18

There were numerous death cross fakeouts where the price hit a death cross and there was a big red candle following but Bitcoin lost only a couple points and bounced back up. You can look for these fake crosses in the charts.

Yes a death cross usually means a sell pressure but this pressure can be big or small. It can mean bitcoin lowing 2% or 20% depending on the state of the market. Now it looks like we are bullish with the coming halving and shouldn't go lower than 6000 dollars.

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October 19, 2019, 09:30:34 PM
 #19

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.

Unlike early 2018, everyone seems to be watching for this death cross and expecting the worst. Sentiment is getting miserable. Most analysts I know are very bearish with the exception of those who have been through multiple bubble cycles.

To me, this kind of sentiment is indicative of bottom. I expect another attempt down below $7,700 but my gut tells me bulls will reject it hard and that any death cross will be a false signal. That happened once before in 2015.

Either way, let's at least let the death cross occur before expecting the worst.

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October 19, 2019, 09:33:24 PM
Merited by figmentofmyass (1)
 #20

The issues with these death crosses and moving averages is that they are lagging indicators. If you look at the charts for the previous crosses you would see that sometimes they work and sometimes they don't work. However if you only took an entry right when the cross took place you would have a horrible entry. Whether the death cross actually played out or not.

This is something to look at in the long term macro level but its not good to base trades off, especially if you are trying to day trade. You need to look at other fundamental factors. I think most people in crypto just look at horizontal lines and take their long term trades based off that.

Right now we are pretty much in a neutral area, if the $7700 support breaks then it could be the start of the bear market and I don't think the $6000 area will be enough support to bounce us back up. There are too many people who want to long off $6000 and most likely it won't hold.

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