Took both the 50MA/200MA & 100MA/200MA within 1hr, 4hr & Day time-spans. Assigning valves to each 50MA/100MA/200MA. Extremes such as DAY and 50MA/200MA cross-over indicate longer term views decreasing likelihood although registering a more powerful indicator in place as the 1hr & 4hr fluctuate positive/negative multiply times within the DAY cross-over time-span.
Golden Cross - Yellow dashed arrow.
Death Cross - Red dashed arrow.
Green Line - Positive view including corrections on drops , dependent on volume.
Black Line - Negative view only correcting on bottom.
Blue Line - Little or no price action.
This isn't seen as future direction, I have other graphs published for that but shows how busy the current market is with TA ( I could include Flags, H & S....)
BTC 0.85% -2.62% is seeing some tough times , so I should write this:
***Education Purposes only***
Golden Cross - Yellow dashed arrow.
Death Cross - Red dashed arrow.
Green Line - Positive view including corrections on drops , dependent on volume.
Black Line - Negative view only correcting on bottom.
Blue Line - Little or no price action.
This isn't seen as future direction, I have other graphs published for that but shows how busy the current market is with TA ( I could include Flags, H & S....)
BTC 0.85% -2.62% is seeing some tough times , so I should write this:
***Education Purposes only***
Comment:
More precise update on the 50/200 Daily
Blue/Pink markers off EMA where overall Death Cross date based off SMA, seems Market following EMA
Nothings definite in Crypto but seems this Cross will eventually come into play before overall trend reversal (bounce off seems possible as market, price/time will tell.
Blue/Pink markers off EMA where overall Death Cross date based off SMA, seems Market following EMA
Nothings definite in Crypto but seems this Cross will eventually come into play before overall trend reversal (bounce off seems possible as market, price/time will tell.
Comment:
Even more precise update on the 20/200 Daily
While using price average over next few weeks as $9200 (seems if you took average over past 2 months, similar best fit),the elimination of the 6th Feb candlestick ( 50 days ago) and so on means the 50MA will rise for the next week which will lift closing average of 50MA for 10 days until the price being eliminated rises above our $9200 average after which the 50MA will push down into the rising 200MA.
The only variables this assumption has if the current price rises into green triangles, as these would reduce the 50MA drop but the longer BTC price stagnates in this current Fibonacci support zone ($9400 - $8200), the higher chance it will occur.
Also what happens at point of contact would depend on market conditions eg volume, FUD, trends but they dont call it the Death Cross for no reason.
While using price average over next few weeks as $9200 (seems if you took average over past 2 months, similar best fit),the elimination of the 6th Feb candlestick ( 50 days ago) and so on means the 50MA will rise for the next week which will lift closing average of 50MA for 10 days until the price being eliminated rises above our $9200 average after which the 50MA will push down into the rising 200MA.
The only variables this assumption has if the current price rises into green triangles, as these would reduce the 50MA drop but the longer BTC price stagnates in this current Fibonacci support zone ($9400 - $8200), the higher chance it will occur.
Also what happens at point of contact would depend on market conditions eg volume, FUD, trends but they dont call it the Death Cross for no reason.
Comment:
We have the 50/200(MA) Death Cross on the 1HR & what a result it had on BTC. If this is indicative what to expect when 50/200(MA) Daily touches or slightly earlier price action shows. I'm hoping the bulls still have fight in them otherwise this could get ulgy.
Comment:
50/200MA on the Daily.....see you shortly MR Death Cross.
Is current price action related to the perception that the Cross will occur? If so some sting might be taken out of the indicated drop. Interesting to see what direction futures will take, initial shorts is expected before/during cross whereas if net-long increases during this period, although it will increase risk due to market uncertainty, it would signal increased percentage chance of a bounce of the 50/200MA, ensuring days will be confusion of FOMO vs Crash.
Is current price action related to the perception that the Cross will occur? If so some sting might be taken out of the indicated drop. Interesting to see what direction futures will take, initial shorts is expected before/during cross whereas if net-long increases during this period, although it will increase risk due to market uncertainty, it would signal increased percentage chance of a bounce of the 50/200MA, ensuring days will be confusion of FOMO vs Crash.
Comment:
Bitcoin, we officially welcome you the Bear Market (50/200MA Death Cross)
Has the sting already been taken out of the tail....or are we in the eye of the storm?
Volume and 50/200MA Daily entanglement would be helpful to the price
Has the sting already been taken out of the tail....or are we in the eye of the storm?
Volume and 50/200MA Daily entanglement would be helpful to the price
Comment:
Would expect price to pick up in the following days, really needs help from Alts (maybe announcements, to create bit FOMO) as there appears to be no catalyst to initialize a strong rally....no one wants their $$$ to do the hard work of breaking through previous supports, now resistance levels if no volume to follow through (quite few levels were created as been within span for months ($12000 - $70000)
Volume still on the low side but it seem's to flows in once price spike's are initialized, shows an upwards trend is only matter of long's becoming more profitable then shorts. If one looks at this in terms of volume RSI/Stoch :
RSI display within 40 range, looking flat over previous sets of 2 20day periods. StochRSI seems to be overbought in regards to market direction but short of previous reversals levels.
Due to Price Action/Profit directing the market ATM, another catalyst will need to break this downward trend (same data, same result - insanity)
Possabilites are:
-50/200 Daily rebound ( depending price direction, should touch 25th -30th, may be early price action)
-Double $6000 bottom
-Weaker US dollar
-South Korea Market - Currently EOS #4 Ripple #5 24hr volume, Icon, Cardano, Tron all entice large investment in KWR FIAT
-Speculation Ethereum/ADA rumors to have futures coming
*** breaking $12000 will attract Investors waiting on sideline's***