DeathCross
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#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 🙏
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The price of Ethereum (ETH) in relation to Bitcoin (BTC) is approaching a technical formation known as a death cross. Often considered a harbinger of a longer-term bearish impulse, this pattern occurs when the short-term moving average falls below the long-term moving average, indicating a potential major shift in investor sentiment. Historical trends are clear: the impotence of ethers means a lack of fuel also for other alternative cryptocurrencies (altcoins).
Death cross on the ETH/BTC chart
By marking the 50-week simple moving average (SMA) and the 200-week SMA on the ETH/BTC chart (e.g. on TradingView), we will notice that they are close to crossing (from above). This formation, called a "death cross" in the jargon of technical analysts, suggests a period of risk aversion and prolonged, weaker performance of ethers compared to Bitcoin. In practice, this also means bad news for altseason supporters. Why and what does this mean?
Since 2017 or even longer, the cryptocurrency market has been moving quite stably within cycles called "seasons": Bitcoin usually ran north first, and then capital, when BTC ran out of breath, poured into subsequent asset niches. digital due to the growing appetite of speculators and reduced risk aversion. First Ethereum, then layer one blockchains (L1s such as Solana, Polkadot, Cardano), then the rest of the ecosystem and finally memecoins and NFTs. The ETH/BTC pair itself was often a litmus test of the altseason, along with the chart of the so-called Bitcoin (BTC.D) dominance.
This is confirmed by the decline in volume on many coins, poor correlation of coins to BTC, aggressive selling often visible - increases negated by the correction of the entire movement, constant search for new lows.
Another predictor of a future collapse is a massive campaign and promotions encouraging people to buy coins. Whales are looking for suckers to buy very expensive coins. It is a market in which one's profit is the loss of other participants. This is a zero-option game.
#DeathCross $BTC $ETH #Altcoinseason2024
Death cross on the ETH/BTC chart
By marking the 50-week simple moving average (SMA) and the 200-week SMA on the ETH/BTC chart (e.g. on TradingView), we will notice that they are close to crossing (from above). This formation, called a "death cross" in the jargon of technical analysts, suggests a period of risk aversion and prolonged, weaker performance of ethers compared to Bitcoin. In practice, this also means bad news for altseason supporters. Why and what does this mean?
Since 2017 or even longer, the cryptocurrency market has been moving quite stably within cycles called "seasons": Bitcoin usually ran north first, and then capital, when BTC ran out of breath, poured into subsequent asset niches. digital due to the growing appetite of speculators and reduced risk aversion. First Ethereum, then layer one blockchains (L1s such as Solana, Polkadot, Cardano), then the rest of the ecosystem and finally memecoins and NFTs. The ETH/BTC pair itself was often a litmus test of the altseason, along with the chart of the so-called Bitcoin (BTC.D) dominance.
This is confirmed by the decline in volume on many coins, poor correlation of coins to BTC, aggressive selling often visible - increases negated by the correction of the entire movement, constant search for new lows.
Another predictor of a future collapse is a massive campaign and promotions encouraging people to buy coins. Whales are looking for suckers to buy very expensive coins. It is a market in which one's profit is the loss of other participants. This is a zero-option game.
#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
#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
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
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.
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 $23.8k soon.
Always DYOR and Trade Wisely by using StopLoss, it's just NFA 🙏
#BearishAlert #DeathCross
Another Dump Expected in BTC$BTC
I have already alert in morning that market is not looking good and BTC took rejection many times at 72000. we are ignoring the dump.
well in picture you can see 4H Death cross is awaiting for another Dump and BTC successfully retest the resistance for further down.
I suggest do not take any Long till dust settle down.
#Write2Earn! #AirdropGuide #ETHETFsApproved
Another Dump Expected in BTC$BTC
I have already alert in morning that market is not looking good and BTC took rejection many times at 72000. we are ignoring the dump.
well in picture you can see 4H Death cross is awaiting for another Dump and BTC successfully retest the resistance for further down.
I suggest do not take any Long till dust settle down.
#Write2Earn! #AirdropGuide #ETHETFsApproved
