Initiating Short.
Reasons:
1.1H 50 & 100 SMA death crossing the 200
2.Lack of a bull case scenario
3.Since June, the last 8 times this has happened has resulted in actual price drops. No fakes.
Will keep you all updated.
Disclaimer: If you are primarily interested in copying other people’s trades then this is not for you. However, if you are willing to put in the work that it takes to learn how to trade for yourself then you have found the right place! Nevertheless please be advised that you can give 10 people a profitable trading strategy and only 1-2 of them will be able to...
Hello my friend!
I think a death cross is coming in early October. Sometime in late December we will see the golden cross too.
I think the deep point will be below 7k by the end of October.
This information is not a recommendation to buy or sell. It is to be used for educational purposes only.
This index just trigered a triple death cross signal (10 SMA under 50 SMA under 200 SMA). The triple cross has happened at the same time (very unusual).
Wait and see with a bearish bias until proven wrong. To be noted that the Russell 2000 index usually warns ahead of troubles in the big cap indexes.
Definitions of a bear market vary, but there are three truly fundamental ways to define it:
Are we below the weekly 21 EMA = YES.
Are we below the daily 200 MA = YES.
Is the daily 50 MA below the 200 MA = almost.
Despite its sensational name, a death cross (and indeed a golden cross) are incredibly reliable indicators of the approaching market trend. We last...
Hello everyone, my name is CombJelliesAreCool, lets get to brass tacks.
Lets start off with the red and green curves i have surrounding the entirety of the price action for BTC, i started off with the first high and low back in Oct 2010 and connected the green curve with every subsequent rally high and connected my red curve with every subsequent rally low. Doing...
Back from an intensive week away due to work issues.
The snap shot we were left of 50 EMA ( Yellow) getting a 4H death cross with the 200 EMA (Blue) is still intact and actually consolidating the bearish picture, though there was a small attempt to cross back. Usually the price tend to attract back to the EMA's when they are father-away just to drop back again....
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