DeathCross
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As per #ADA Daily Chart Technical Analysis
On daily price chart ADA (Cardano) under the "#DeathCross " situation.
A death cross occurs when the 50-day Simple Moving Average (SMA) drops below the 200-day SMA.
The death cross is a warning into the market is about to head into a tail spin.
ADA's 50-day and 200-day SMA's crossed bearishly over the weekend, confirming the first death cross since Dec. 2021 as per Trading Chart Analysis.
The moving average crossovers are backward looking and considered unreliable as standalone indicators.
Always #DYOR and Trade Wisely by using #StopLoss 🙏
#BinanceTournament
On daily price chart ADA (Cardano) under the "#DeathCross " situation.
A death cross occurs when the 50-day Simple Moving Average (SMA) drops below the 200-day SMA.
The death cross is a warning into the market is about to head into a tail spin.
ADA's 50-day and 200-day SMA's crossed bearishly over the weekend, confirming the first death cross since Dec. 2021 as per Trading Chart Analysis.
The moving average crossovers are backward looking and considered unreliable as standalone indicators.
Always #DYOR and Trade Wisely by using #StopLoss 🙏
#BinanceTournament
#Bitcoin 4hr. Chart Analysis
$BTC Completed its #DeathCross pattern today's morning on 12 Sept. 2023 in Daily Cycles, Now market will be soon goes into #BearishZone .
But, Whaler's will trying to manipulate the market, and they are successful into today's Bitcoin's #BullTrap .
As per 4 hr. chart Analysis of Bitcoin's, it properly moving into Ascending #BroadeningWedge Pattern with perfect Symmetry again.
Next downtrend cycle starts from 15-17 Sept. towards $22k to break out its strong support of $23.8k soon.
Always DYOR and Trade Wisely by using StopLoss, it's just NFA 🙏
$BTC Completed its #DeathCross pattern today's morning on 12 Sept. 2023 in Daily Cycles, Now market will be soon goes into #BearishZone .
But, Whaler's will trying to manipulate the market, and they are successful into today's Bitcoin's #BullTrap .
As per 4 hr. chart Analysis of Bitcoin's, it properly moving into Ascending #BroadeningWedge Pattern with perfect Symmetry again.
Next downtrend cycle starts from 15-17 Sept. towards $22k to break out its strong support of $23.8k soon.
Always DYOR and Trade Wisely by using StopLoss, it's just NFA 🙏
#CryptoMarket Updates-
As per news of, #Bitcoin's coming #DeathCross will be in next few days & #FTX will going to sell out their $3 Billion worth of Crypto Assets, now today's market turn out fully Reddish and still moving in Downtrend towards #BearishZone soon.
Just be careful, before investing in this volatile situations and Trade Wisely by using StopLoss and DYOR, it's just NFA 🙏
As per news of, #Bitcoin's coming #DeathCross will be in next few days & #FTX will going to sell out their $3 Billion worth of Crypto Assets, now today's market turn out fully Reddish and still moving in Downtrend towards #BearishZone soon.
Just be careful, before investing in this volatile situations and Trade Wisely by using StopLoss and DYOR, it's just NFA 🙏
#Bitcoin 4-hr. Chart Analysis
$BTC at present moving under Ascending #BroadeningWedge Pattern, as per 4-hour chart analysis. This cycle started from 18 August, and same wedge patterns also moving under hourly cycles too..
The last cycle of this #Bearish Pattern will be finish around 12-15 September, after #DeathCross , and the $BTC market moves into much more deeper in #BearishZone towards $22k and major chances it will be also break-out last $22.2k support and move towards $21k to $19k too...
Although,
Last Lower-Low Cut-off point will be in between $16.5k to $15.5k.
Always, #DYOR before investing in Crypto-Currency and Trade wisely by using StopLoss, It's NFA 🙏
#BinanceTournament
$BTC at present moving under Ascending #BroadeningWedge Pattern, as per 4-hour chart analysis. This cycle started from 18 August, and same wedge patterns also moving under hourly cycles too..
The last cycle of this #Bearish Pattern will be finish around 12-15 September, after #DeathCross , and the $BTC market moves into much more deeper in #BearishZone towards $22k and major chances it will be also break-out last $22.2k support and move towards $21k to $19k too...
Although,
Last Lower-Low Cut-off point will be in between $16.5k to $15.5k.
Always, #DYOR before investing in Crypto-Currency and Trade wisely by using StopLoss, It's NFA 🙏
#BinanceTournament
#Bitcoin Daily Chart Analysis - Towards Death Cross
Bitcoin, might be on track for its major "#DeathCross " in 2023 into September upto next week.
Bitcoin's daily chart is set to print what is regarded as a "death cross," a #BearishZone chart pattern, for the first time since January 2022. Notably, this would be the first occurrence of this type on the daily chart in 2023, with the weekly chart painting a death cross earlier this year in February 2023.
WHAT IS DEATH CROSS?
Bitcoin's daily moving MA 50 is set to cross beneath its moving average MA 200, which would yield the dreaded 'death cross' pattern.
It should be recalled that Bitcoin painted a #GoldenCross on its daily chart in February of this year, preceding its rise to highs above $31,000 in April.
Bitcoin's death cross is expected to occur in the coming days but probably next week, and analysts are already paying keen attention to the impending crossover, indicates the deep BearishZone.
Death crosses, on the other hand, should not be considered an ultimate signal, as some experts refer to them as a lagging indicator. Furthermore, experience has shown that the Bitcoin death cross is unreliable as a solo signal.
Bitcoin extended its declines after the Securities and Exchange Commission delayed its decision on all spot Bitcoin Exchange Traded Fund (ETF) applications.
Today, $BTC fell to lows of $25,528 last seen in mid-June of this year before slightly rebounding.
At the posting time,
$BTC was marginally down - 0.44% in the last 24 hours to $25,675
Always DYOR and Trade wisely by using of Stoploss
#BinanceTournament
Bitcoin, might be on track for its major "#DeathCross " in 2023 into September upto next week.
Bitcoin's daily chart is set to print what is regarded as a "death cross," a #BearishZone chart pattern, for the first time since January 2022. Notably, this would be the first occurrence of this type on the daily chart in 2023, with the weekly chart painting a death cross earlier this year in February 2023.
WHAT IS DEATH CROSS?
Bitcoin's daily moving MA 50 is set to cross beneath its moving average MA 200, which would yield the dreaded 'death cross' pattern.
It should be recalled that Bitcoin painted a #GoldenCross on its daily chart in February of this year, preceding its rise to highs above $31,000 in April.
Bitcoin's death cross is expected to occur in the coming days but probably next week, and analysts are already paying keen attention to the impending crossover, indicates the deep BearishZone.
Death crosses, on the other hand, should not be considered an ultimate signal, as some experts refer to them as a lagging indicator. Furthermore, experience has shown that the Bitcoin death cross is unreliable as a solo signal.
Bitcoin extended its declines after the Securities and Exchange Commission delayed its decision on all spot Bitcoin Exchange Traded Fund (ETF) applications.
Today, $BTC fell to lows of $25,528 last seen in mid-June of this year before slightly rebounding.
At the posting time,
$BTC was marginally down - 0.44% in the last 24 hours to $25,675
Always DYOR and Trade wisely by using of Stoploss
#BinanceTournament
Kurs Ethereum (ETH) w relacji do Bitcoina (BTC) zbliża się do formacji technicznej znanej jako krzyż śmierci (ang. death cross). Formacja ta, często uważana za zwiastun długoterminowego impulsu spadkowego, występuje, gdy krótkoterminowa średnia ruchoma spada poniżej długoterminowej średniej ruchomej, wskazując na potencjalną, poważną zmianę w nastrojach inwestorów. Trendy historyczne są jasne: impotencja eterów oznacza brak paliwa także i dla pozostałych kryptowalut alternatywnych (altcoinów).
Krzyż śmierci na wykresie ETH/BTC
Zaznaczając na wykresie ETH/BTC (np. w serwisie TradingView) 50-tygodniową prostą średnią kroczącą (SMA) i 200-tygodniowej SMA zauważymy, że są one bliskie przecięcia (od góry). Taka formacja, nazywająca się w żargonie analityków technicznych „krzyżem śmierci” sugeruje okres awersji do ryzyka i przedłużające się, słabsze wyniki eterów na tle Bitcoina. W praktyce oznacza to też złe wiadomości dla zwolenników altsezonu. Dlaczego i co to oznacza?
Od 2017 r. lub nawet dłużej rynek kryptowalut porusza się dość stabilnie w ramach cykli zwanych „sezonami”: z reguły najpierw na północ „biegł” Bitcoin, a następnie kapitał, w momencie, w którym BTC łapał zadyszkę, przelewał się w kolejne nisze aktywów cyfrowych w związku z rosnącym apetytem spekulantów i zmniejszoną awersją do ryzyka. Najpierw Ethereum, potem blockchainy warstwy pierwszej (L1s, takie jak Solana, Polkadot, Cardano), następnie resztę ekosystemu i na samym końcu memecoiny i NFTs. Sama para ETH/BTC często stanowiła papierek lakmusowy altsezonu, w parze z wykresem tzw. dominacji Bitcoina (BTC.D).
Potwierdza to spadek wolumenu na wielu monetach, słaba korelacja monet do BTC, często widoczna agresywna wyprzedaż - wzrosty negowane korektą całego ruchu, ciągłe szukanie nowych dołków.
Innym prognostykiem przyszłej zapaści jest masowa kampania i promocje, zachęcające do kupna monet. Wieloryby szukają frajerów, by kupili bardzo drogie monety. To rynek w którym czyjś zysk jest stratą innych uczestników. To gra o opcji zerowej.
#DeathCross $BTC $ETH #Altcoinseason2024
Krzyż śmierci na wykresie ETH/BTC
Zaznaczając na wykresie ETH/BTC (np. w serwisie TradingView) 50-tygodniową prostą średnią kroczącą (SMA) i 200-tygodniowej SMA zauważymy, że są one bliskie przecięcia (od góry). Taka formacja, nazywająca się w żargonie analityków technicznych „krzyżem śmierci” sugeruje okres awersji do ryzyka i przedłużające się, słabsze wyniki eterów na tle Bitcoina. W praktyce oznacza to też złe wiadomości dla zwolenników altsezonu. Dlaczego i co to oznacza?
Od 2017 r. lub nawet dłużej rynek kryptowalut porusza się dość stabilnie w ramach cykli zwanych „sezonami”: z reguły najpierw na północ „biegł” Bitcoin, a następnie kapitał, w momencie, w którym BTC łapał zadyszkę, przelewał się w kolejne nisze aktywów cyfrowych w związku z rosnącym apetytem spekulantów i zmniejszoną awersją do ryzyka. Najpierw Ethereum, potem blockchainy warstwy pierwszej (L1s, takie jak Solana, Polkadot, Cardano), następnie resztę ekosystemu i na samym końcu memecoiny i NFTs. Sama para ETH/BTC często stanowiła papierek lakmusowy altsezonu, w parze z wykresem tzw. dominacji Bitcoina (BTC.D).
Potwierdza to spadek wolumenu na wielu monetach, słaba korelacja monet do BTC, często widoczna agresywna wyprzedaż - wzrosty negowane korektą całego ruchu, ciągłe szukanie nowych dołków.
Innym prognostykiem przyszłej zapaści jest masowa kampania i promocje, zachęcające do kupna monet. Wieloryby szukają frajerów, by kupili bardzo drogie monety. To rynek w którym czyjś zysk jest stratą innych uczestników. To gra o opcji zerowej.
#DeathCross $BTC $ETH #Altcoinseason2024
#BITCOIN Daily Chart Analysis
As per daily chart pattern moves, estimated #DeathCross will be happening up to 12-15 September and if it will be happening then Market goes in Deep #BearishZone for next 70-100 days and Bullish Trend will be starts very late around 15-25 Nov. 2023, but #Altcoins starts to performing well here.
A "death cross" occurs when the 50-day moving average (50MA) crosses under the 200-day moving average (200MA), it's opposite to "golden cross" . It's always a very big bearish sign, that indicates the market may be heading toward a longer-term of downtrend or bear market.
Always DYOR before investing in Crypto-Currency in this Volatile situation, and Trade wisely by using StopLoss.... It's a NFA.
and,
Must LIKE, SHARE, FOLLOW to COMMENTs here with your views on it...🙏
#BinanceTournament
As per daily chart pattern moves, estimated #DeathCross will be happening up to 12-15 September and if it will be happening then Market goes in Deep #BearishZone for next 70-100 days and Bullish Trend will be starts very late around 15-25 Nov. 2023, but #Altcoins starts to performing well here.
A "death cross" occurs when the 50-day moving average (50MA) crosses under the 200-day moving average (200MA), it's opposite to "golden cross" . It's always a very big bearish sign, that indicates the market may be heading toward a longer-term of downtrend or bear market.
Always DYOR before investing in Crypto-Currency in this Volatile situation, and Trade wisely by using StopLoss.... It's a NFA.
and,
Must LIKE, SHARE, FOLLOW to COMMENTs here with your views on it...🙏
#BinanceTournament
Death cross continues to hang over Bitcoin
Bitcoin fell 5.2% last week to close at $22,400. #Ethereum lost 4.4% to $1570. Other leading altcoins in the top 10 fell between 2.9% (XRP) and 11.5% (Polygon). The total capitalisation of the crypto market fell 5% over the week to $1.03 trillion, according to CoinMarketCap.
Bitcoin's most significant drop last week came on Friday amid reports of the possible bankruptcy of Silvergate, a bank that services major cryptocurrency companies. The bank announced the closure of its cryptocurrency payment service.
While #BTCUSDT has held up during furious sellers' attacks, it is in no hurry to bounce back from the bottom. Technically, the 50-week moving average continues to act as a valid resistance from which the selling intensifies. The #DeathCross Cross formed on the weekly timeframe makes for a cautious view of the near-term outlook and keeps the potential for a return to the $16.3-18.0 level.
News background
According to media reports, global giant market-maker Citadel Securities plans to increase its stake in Silvergate Bank to help it out of its liquidity crisis. Other rumours suggest that Wells Fargo is a potential buyer.
SEC chief Gary Gensler has warned cryptocurrency exchanges against failing to comply with custodian status. He said that if an exchange collapses, "customer funds often become the property of the bankrupt entity".
Brad Garlinghouse, CEO of #Ripple , said that more and more cryptocurrency and fintech companies are leaving the US, which is stifling innovation in the country. Around 300 payment providers from 45 countries believe blockchain and cryptocurrencies can improve traditional finance, according to a survey conducted by Ripple.
The UK's Nationwide Building Society and #HSBC have imposed restrictions on card purchases of cryptocurrencies.
Bitcoin's most significant drop last week came on Friday amid reports of the possible bankruptcy of Silvergate, a bank that services major cryptocurrency companies. The bank announced the closure of its cryptocurrency payment service.
While #BTCUSDT has held up during furious sellers' attacks, it is in no hurry to bounce back from the bottom. Technically, the 50-week moving average continues to act as a valid resistance from which the selling intensifies. The #DeathCross Cross formed on the weekly timeframe makes for a cautious view of the near-term outlook and keeps the potential for a return to the $16.3-18.0 level.
News background
According to media reports, global giant market-maker Citadel Securities plans to increase its stake in Silvergate Bank to help it out of its liquidity crisis. Other rumours suggest that Wells Fargo is a potential buyer.
SEC chief Gary Gensler has warned cryptocurrency exchanges against failing to comply with custodian status. He said that if an exchange collapses, "customer funds often become the property of the bankrupt entity".
Brad Garlinghouse, CEO of #Ripple , said that more and more cryptocurrency and fintech companies are leaving the US, which is stifling innovation in the country. Around 300 payment providers from 45 countries believe blockchain and cryptocurrencies can improve traditional finance, according to a survey conducted by Ripple.
The UK's Nationwide Building Society and #HSBC have imposed restrictions on card purchases of cryptocurrencies.
According to the daily chart of #Bitcoin ..
There are full chances of the predicted #DeathCross will be happening in the next 24 hours and accordingly there are more chances of the market going towards Downtrend of #BearishZone !
Right now $BTC has broken $25k today after 17th August and reached $24,950, which means that as soon as the #DeathCross happens in the next 1-2 days, the market may first reach its lower level of only $23.8k, because a good support is formed here, but if this is broken then the next support will be at $22.2k and then directly below Lower-Low Cut-off at $18.8k..🙏
#BinanceTournament
There are full chances of the predicted #DeathCross will be happening in the next 24 hours and accordingly there are more chances of the market going towards Downtrend of #BearishZone !
Right now $BTC has broken $25k today after 17th August and reached $24,950, which means that as soon as the #DeathCross happens in the next 1-2 days, the market may first reach its lower level of only $23.8k, because a good support is formed here, but if this is broken then the next support will be at $22.2k and then directly below Lower-Low Cut-off at $18.8k..🙏
#BinanceTournament
