Crypto Musk Signal 💲
Do You know What Is Death Cross ??👁️👁️
$BTC Death Cross
What is a death cross ❓❓
The death cross is a pattern indicating the potential for a major sell-off. The death cross appears on a chart when a short-term moving average crosses below its long-term moving average. Typically, the most common moving averages used in this pattern are the 50-day and 200-day moving averages.
Source : Investopedia🧩
First thing I want to mention is that death cross is just a signal from many that market gives, it's not a crystal ball or a 100% accurate signal.
The death cross is also a laggy signal which means that you will be able to see it on the chart after the real dump comes ( if it comes of course ).
Let's get to the past :
- https://www.tradingview.com/x/FTD1WecI/ ( September 2011 )
Comment : First death cross in bitcoin history.
- https://www.tradingview.com/x/xRoRuuHo/ ( April - August 2014 )
Comment : You can see here how inaccurate the death cross was, mainly due to the two years of bull market we had before. This was making the moving averages approaching, so at the first dips we started to get the death cross came but with no effect. A clear sig that market circumstances are more important than the signal itself.
Second death cross was a success but you can see how tricky the road was and how long it took to get a 70% correction.
- https://www.tradingview.com/x/Lo4ERZ2P/ ( April 2018 )
Comment : Almost same as the Aug 2014 death cross ! What we can take as a good signal here is that after the death cross came shorting the EMA200 failed rallies was the most profitable play, compared to just selling and waiting for a 70% drop to come.
- https://www.tradingview.com/x/sNLVlAV1/ ( Nov 19 - March 20 )
Comment : We can now conclude that the death cross has no impact on a ranging environment and it's the area where it becomes the most inaccurate giving some fake signals.
👀👀Conclusion :
Death cross helps more after it occurs to show you the trend and help you to sell at some precise points.
There's a lot of informations to watch before making a judgment on a death cross like the market structure / important support levels etc..
And you have to take it as a warning more than a confirmation signal.
Note : Current death cross is likely to happen in the next days, to give it more fuel we have to loose 33-30k on BTC and the EMA50 on the weekly chart which is currently showing a big support for the price.
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#MustRead
What is a death cross ❓❓
The death cross is a pattern indicating the potential for a major sell-off. The death cross appears on a chart when a short-term moving average crosses below its long-term moving average. Typically, the most common moving averages used in this pattern are the 50-day and 200-day moving averages.
Source : Investopedia🧩
First thing I want to mention is that death cross is just a signal from many that market gives, it's not a crystal ball or a 100% accurate signal.
The death cross is also a laggy signal which means that you will be able to see it on the chart after the real dump comes ( if it comes of course ).
Let's get to the past :
- https://www.tradingview.com/x/FTD1WecI/ ( September 2011 )
Comment : First death cross in bitcoin history.
- https://www.tradingview.com/x/xRoRuuHo/ ( April - August 2014 )
Comment : You can see here how inaccurate the death cross was, mainly due to the two years of bull market we had before. This was making the moving averages approaching, so at the first dips we started to get the death cross came but with no effect. A clear sig that market circumstances are more important than the signal itself.
Second death cross was a success but you can see how tricky the road was and how long it took to get a 70% correction.
- https://www.tradingview.com/x/Lo4ERZ2P/ ( April 2018 )
Comment : Almost same as the Aug 2014 death cross ! What we can take as a good signal here is that after the death cross came shorting the EMA200 failed rallies was the most profitable play, compared to just selling and waiting for a 70% drop to come.
- https://www.tradingview.com/x/sNLVlAV1/ ( Nov 19 - March 20 )
Comment : We can now conclude that the death cross has no impact on a ranging environment and it's the area where it becomes the most inaccurate giving some fake signals.
👀👀Conclusion :
Death cross helps more after it occurs to show you the trend and help you to sell at some precise points.
There's a lot of informations to watch before making a judgment on a death cross like the market structure / important support levels etc..
And you have to take it as a warning more than a confirmation signal.
Note : Current death cross is likely to happen in the next days, to give it more fuel we have to loose 33-30k on BTC and the EMA50 on the weekly chart which is currently showing a big support for the price.
Share With Your friends✅✅
#MustRead