Death Cross is about to happen

[Pokapoka124]

Death Cross is about to happen.
What does this mean?

The death cross is a technical chart pattern indicating the potential for a major sell-off. The death cross appears on a chart when a stock's short-term moving average crosses below its long-term moving average.



source
But hey this is technical analysis. Remember whales don't have to always respect these things.

[Ararbermas]

I think you need more confirmation about that mate because to be honest there's always a scenario in such things wherein has possibility to change, use more indicators mate if its the same, indeed sometimes they are not accurate, that's why I'm saying it always good to wait for more results than making a decision on this situation..

[Beparanf]

Usually, 50MA is being use for shorter moving average instead of 21MA but this crypto so shorter is the most accurate one although its still need a lot of confirmation since the time frame on your is daily. Maybe check the weekly chart and shorter time frame to determine whether there is same pattern to get the direction.

[tranthidung]

Death cross if happens is not the end of Bitcoin. It can be an artificial death cross to create more panic, for longer plans.

Expand the view more widely and connect dots, you will see the death cross you are calling will not important in the end of this year.

• Price is manipulated
• Charts, death cross are artificially manipulated
• History can be repeated
• Big events to come

[CryptoCrookz]

If you choose the appropriate average lenghts, you will always find a death cross somewhere. You need to look at more indicators to get a more holistic idea. Glassnode had a very reasonable report recently about the May selloff. Their final conclusion was you have both indicators which point in a bearish and in a bullish direction.

[livingfree]

Sometimes the market doesn't really go along with technical analysis but most of the time, it follows those TAs accurately.

I think you need more confirmation about that mate because to be honest there's always a scenario in such things wherein has possibility to change, use more indicators mate if its the same, indeed sometimes they are not accurate, that's why I'm saying it always good to wait for more results than making a decision on this situation..

That's okay, it's just an analysis and thanks to OP for giving that analysis of his. We can take it as a reminder of what others can see to the market and us, it's all up to us if we're going to absorb them and use it with our decisions if we're going to go along with it.

[ReiMomo]

Sometimes moving averages will change depending on the whale's decisions because the market is heavily manipulated by them and there could be changes. So, therefore, sometimes technical analysis will be a failure if you don't apply fundamental analysis, we must just look around and see what happens with most news they had because sometimes the price will vary on the news and create sometimes an impact.

However, considering this with a short-term trading and will I guess scaling method will I guess applicable.

[hatshepsut93]

It's basically saying "Bitcoin couldn't maintain its growth, so the bull run is over and we're in the bear market now". It's just an a conclusion driven from observing recent price movement. But maybe tomorrow some new institutions will announce that they have invested billions in Bitcoin or other positive news will happen, and you can throw TA out of the window because news is a very powerful factor that no one can easily predict.

[Twinkledoe]

It's basically saying "Bitcoin couldn't maintain its growth, so the bull run is over and we're in the bear market now". It's just an a conclusion driven from observing recent price movement. But maybe tomorrow some new institutions will announce that they have invested billions in Bitcoin or other positive news will happen, and you can throw TA out of the window because news is a very powerful factor that no one can easily predict.

That's right, because with some positive news, the market will change its course and so the charts will give another meaning. But it is better that you are keeping up with the market as you will know possible movement and so you can act accordingly to safeguard your assets. Also, when it comes to crypto market, most of the time they break all the TAs that you know of.

Usually, 50MA is being use for shorter moving average instead of 21MA but this crypto so shorter is the most accurate one although its still need a lot of confirmation since the time frame on your is daily. Maybe check the weekly chart and shorter time frame to determine whether there is same pattern to get the direction.

This is a nice suggestion as we can see the bigger picture here.

[Silberman]

Death Cross is about to happen.
What does this mean?

The death cross is a technical chart pattern indicating the potential for a major sell-off. The death cross appears on a chart when a stock's short-term moving average crosses below its long-term moving average.




But hey this is technical analysis. Remember whales don't have to always respect these things.

The death cross can be effective in markets that move very slowly like the stock market but for a market like this one then the death cross is nothing but a confirmation there is a negative trend and that it maybe difficult to come out of it, so while this is not a good signal at the same time I do not think this means we are going to see any kind of major dump in the markets coming from whales or retail investors as that already happened.

[proudhon]

This 100% confirms the death of bitcoin. Obvious.

[Quidat]

Death Cross is about to happen.
What does this mean?

The death cross is a technical chart pattern indicating the potential for a major sell-off. The death cross appears on a chart when a stock's short-term moving average crosses below its long-term moving average.


But hey this is technical analysis. Remember whales don't have to always respect these things.

Death cross? We have passed into those even with Golden cross and these indicators doesnt really precisely tell on what would happen next.
https://www.investopedia.com/news/bitcoin-faces-death-cross-chart-pattern/
https://www.coindesk.com/bearish-death-cross-price-patterns-loom-for-both-bitcoin-and-us-stocks
Usually this do works on stocks but for crypto then its on 50-50 chance since this one doesnt precisely react with indicators.

[Baofeng]

Well if this Death Cross is going to happen then we might see the price still going down. And this could help traders to short . In the other hand, this is another golden opportunity to buy cheap bitcoin isn't it. So still a good chance for those to get in, specially those who wanted to buy again at a very discounted price like us average joe. We shouldn't get nervous and panic here, take every opportunity given to us and look at the bright side of everything for long term gains.

[Scripture]

That's a sign of a bear market and if we failed to stop that, we will a continuous downtrend on the price in the market. That's expected actually since the collapse of the price, since we already reach the peak we should expect the next thing to happen is bear, and its already here in the market so make sure you know what to do next, either to buy more or to wait for the bottom.

[Kemarit]

That's a sign of a bear market and if we failed to stop that, we will a continuous downtrend on the price in the market. That's expected actually since the collapse of the price, since we already reach the peak we should expect the next thing to happen is bear, and its already here in the market so make sure you know what to do next, either to buy more or to wait for the bottom.

It's really hard to stop it, if that happens then so be it. We all know that TA is not perfect, maybe we can see some break out stop or, the bear will take over and the market will be bleeding. But rest assured that we can still see some signs of reversal in the future and the price could bounce back. We just need to be patience and then be careful of our trades, adjust everything so that we can still make money in this bearish cycle. Adopt so that we can survived, this is not the first time that we have seen a death cross and history tell us that bitcoin is so resilient.

[bbc.reporter]

This tweet confirms the death cross will happen. I reckon everyone who held XRP in confidence after Brian Kelley’s recommendation that everyone should invest in XRP during the cryptospace’s famous month of December, 2017 will never forget hehehehe.



#Bitcoin dropped to kick off the month, but
@BKBrianKelly says he sees a bottom forming & a big opportunity for gains.

https://mobile.twitter.com/cnbcfastmoney/status/1399845848218058760?s=12

I am joking

[Zilon]

You need more confirmation to help evaluate this analysis. Most times indicators aren't 💯% reliable because most of this indicators could be lagging or leading so I would advise you don't just time your entry using this alone, other means of confirmation should be considered before placing a sell order because most times the trade might just reverse and keep you in a constant minus.

[bitterguy28]

Death Cross is about to happen.
What does this mean?

The death cross is a technical chart pattern indicating the potential for a major sell-off. The death cross appears on a chart when a stock's short-term moving average crosses below its long-term moving average.




But hey this is technical analysis. Remember whales don't have to always respect these things.

You are just giving others to take advantage of the market and others to be panicking , we have heard that Death Cross before but that does not mean it will always reveal what will happen.
in several Occasions that market crossed that it does not even count the movement .

[UnDerDoG81]

This 100% confirms the death of bitcoin. Obvious.

Confirmed.

[pooya87]

We have seen hundreds of these so called "death crosses" in bitcoin already and 99% of the times nothing happens and 1% is just coincidence (even a broken clock is right twice a day). The reason is simply because people don't just do a large scale panic sell because of seeing some arbitrary lines on the chart cross each other!