Chart Training with Jay Rhyder - MA SignalsHello and welcome to a small series I thought I would start to help people understand market charts. Enjoy and leave me a comment about what you liked or didn't like. Thank you for your support!
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Take a look at this chart. It is a 1 hour Coinbase chart of Ethereum (ETH/USD).
One of the best ways to understand if the market is going to rally or go south is to pay attention to the MOVING AVERAGES, or MA lines. As you can see, the white line on this chart is the 50 day, the dark purple one is the 200 day and the pink one is the 150 day moving average, respectfully. When you see the 50 day moving up like in this chart, and the 200 day on top of the 150 day, it is a bullish signal.
The opposite is true for bearish markets. It is called a DEATH CROSS. It is when the 50 day is on the bottom of the 150 and 200 and the 200 day is on top of the 150 day moving average. When the 200 day crosses DOWN through the 150 day, it is called a DEATH CROSS and is a very, very bearish signal.
If you have any questions about this short and concise tutorial, please leave your question or comment below. I hope you learned something from this short tutorial. My name is Jay - have the best day!
:)
Deathcross
Campbell Soup at Risk of Breaking DownCampbell Soup has struggled for years. Now it may be at risk of breaking a key support line.
Notice the $45 level on this chart. CPB clung to this price zone in late 2017 before moving lower in 2018 and 2019. It rebounded as the pandemic drove demand for packaged foods, but even then remained well below the previous highs from mid-2016.
Next, notice how the 50-day simple moving average (SMA) recently slid beneath the 200-day SMA: a bearish “death cross.”
Prices have remained below the downward price gap on June 9, which followed a disappointing quarterly report. Management tried to blame cost inflation, but weak demand and volumes also played a part.
Finally, relative strength has been poor in consumer staples. They're the second-worst performing sector this year after utilities.
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BTC Descending triangle + Death cross MA50 cross below MA 200
BTC Descending triangle + Death cross MA50 cross below MA 200 , then consolidate for a little and then breakout to the downside.
Not Financial Advice, Do your own DD and learn your RISK MANAGEMENT
BTC Possible Death Cross 50/200 EMANot Financial Advice here but I'm "slightly bullish" on the very short term with a possible inbound cross above the 200 EMA, maybe even the 50 BUT there's a TON of overhead price action with volume and the potential looming of a 50 EMA death cross below the 200 EMA. This would push Bitty off the cliff to those lower supports that many of us are hoping will bring discount pricing of BTC. Welcome to the middle, friends :/
BITCOIN DEATH CROSS ON LEVERED MARKETS JUST FORMED TODAY ON THE NON LEVERED MARKETS (IE.COINBASE, ETC) THE DAILY EMA CROSS ALREADY OCCURRED ROUGHLY A WEEK AGO (JUNE 21). WITH THE CLOSE OF YESTERDAYS DAILY CANDLE, THE 200 AND 50EMA HAVE CROSSED, IN SYNCHRONICITY OF SEVERAL BEARSH CONFIRMATIONS INCLUDING A HIGH TIME FRAME RISING WEDGE AND LOWER TIME FRAME RISING WEDGE. AS WELL AS REJECTION FROM THE 200/4H EMA. THE FLAG POLE POINTS TO SUB 25K LEVELS.
[UPDATE ALTS] We are super early! Look at this crazy CHART!With this analysis, I did the inverse of the BTC dominance. What you are seeing is the inverse BTC dominance.
Isn't this chart bullish per se?
Well,
1) We are below the all-time high of 2018
2) Look at the choppiness index (compare it with the 2017 bull run)
3) Finally, check the 200 weekly EMA (we didn't even cross the log growth curve yet)
To sum up, I see 2 other upcoming pumps for alts and potentially we will ends up in the 22% dominance at the end of the bull cycle.
BTC TRIANGLE / EMA 50 EMA 200 CROSSEDHey everyone
BTC is forming an triangle pattern as we see in the chart.
Yesterday we had a drop to 28k because the EMA 50 and EMA 200 crossed.
But the 1D candle still didnt close below 30k and even closed in the triangle which is a good sign so far.
I expect the price to go up a bit in the next days but overall i think we will continue going sideways.
Is this the end of BTC bull run?Based on BTC daily chart, it has stayed in a downtrend since previous ATH. A recovery which breaks above $42k has not happened after it dropped to $30k. Volume is also decreasing.
Based on EMA 50 and 200, it has formed a bearish cross where in history it indicates the beginning of bear market.
Based on MACD indicator, signal line is also crossing which indicates a further downward movement incoming.
This death cross may create extreme fear to the investors which may bring BTC down to $15k to $21k and in my opinion this will be the best entry point we can see so far.
BTC- USD rally, 0.382 and deathcross put BTC under pressure !Hello trader,
Nice weekend and profitable deals 💲
After a good rally of 10,000 points, the bulls failed on the 0.382 retracement.So far it follows the green arrow exactly, one of my older posts.Fib channels also work well .
It actually looked pretty good at the beginning, but in the end the buyers were simply too weak and we broke again under the previous support.
The enormous strength of the dollar (as we can see in the diagram on the right) doesn't make it any easier, of course, and it came to an end this week, the entire market was brought to their knees.
The dethcross is also giving the bears a further boost.
Bulls have to break these 2 important trend lines for the time being and then continue to rise with conviction from tomorrow at the latest.
Also here in the 4h diagram we can see a 20/200 deathcross. 50/200 deathcross in the making.I give bears a better chance, but will reassess wave by wave .
support 35k. 34k. 33k.
Momentum
Here 1d MA and Ichimoku support and resistance
and support at 35k. 34k. 33k.
I would like to mention that all I post are just options and my own opinion !
Always trade with SL, and do not risk more than 1% of your portfolio (max 3%) per trade.
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Thanks for reading my ideas,
Trade save!!
BTC death cross is mostly just fud.The last time we had a ema cross, was a golden cross (bullish) all the way at the start of the bullrun.
This "death cross" will give an opportunity to flip back into a golden cross and build up momentum.
Look back just before the covid black swan event in march and check the double deathcross we had, The price did not even drop much on the first one.
What im saying is do not be scared of this event. This is a great situation to be involved in considering the bullrun is no way near over.
Stay calm. Do not panic sell.
BTC Death CrossBitcoin is about to create a "Death Cross", which is basically when the 50 EMA (teal line) crosses down the 200 EMA (orange line) on the daily time frame. Generally this is a bearish signal. (The opposite would be considered a "Golden Cross")
As intimidating as the name is, our sentiment is still bullish on Bitcoin. It is constantly gaining adopting by institutions and entire governments. We may see more bearish movement in the short-term, but on the grand scale of things cryptocurrencies are only getting started. 🚀