Discover and read the best of Twitter Threads about #DeathCross
Most recents (4)
1/23 It's easy to find bullish and bearish elements in the charts to fit you bias, but being a maxi can be risky. Remember:
Markets ebb and flow
Data constantly changes
Your bias only needs to match the TF you are trading
A 🧵 on the #data influencing the #BTC trend and PA.
#NFA
Markets ebb and flow
Data constantly changes
Your bias only needs to match the TF you are trading
A 🧵 on the #data influencing the #BTC trend and PA.
#NFA
2/23 Before we dive into the macro for #Bitcoin, let's look at what's happening this week. It's rare to have a Daily MA #GoldenCross and a Weekly MA #DeathCross happening on the same asset.
3/23 The #GoldenCross printed and the #DeathCross between the 200 & 50 WMA's is coming on the next candle. Knowing why we have conflicting signals isn't as critical as knowing how price will react, but if I had to guess, I'd say, short term manipulation.
The almighty #deathcross has nicely marked two bottoms for #DXY
If you wanna know more about this lagging indicator follow to the thread below as it is not only the case in #Bitcoin 👇
If you wanna know more about this lagging indicator follow to the thread below as it is not only the case in #Bitcoin 👇
It doesn't stop there the #deathcross also marked close to the bottom of the 08 financial crisis.
The last Weekly #deathcross to this day has also marked the bottom of the #Apple stock price in 01 followed by a 42000% rally
A thread
1/ #Bitcoin - How I’ll be trading the #deathcross!
The trade, should the patterns from 2014/18 bear markets repeat, is to buy weakness 7-10days heading into the 50/200 SMA death cross (2H~ of June) & sell 3-4wks later if & when we see the 50/200 EMA golden cross.
1/ #Bitcoin - How I’ll be trading the #deathcross!
The trade, should the patterns from 2014/18 bear markets repeat, is to buy weakness 7-10days heading into the 50/200 SMA death cross (2H~ of June) & sell 3-4wks later if & when we see the 50/200 EMA golden cross.
2/** DEATH CROSS INCOMING **
I recently read a great thread from @rektcapital summarising price action around major death cross signals on Bitcoin. In short, a death cross (50day below 200day) looks possible for the first time in this bear market by 2H of June to early July.
I recently read a great thread from @rektcapital summarising price action around major death cross signals on Bitcoin. In short, a death cross (50day below 200day) looks possible for the first time in this bear market by 2H of June to early July.
3/ ** HISTORICALLY SIGNIFICANT MED-TERM DOWNSIDE AFTER A DEATH CROSS **
In 2014 it was followed by 71%~ downside before the cycle lows. In 2017 there was a further 65%~ correction to cycle lows. HOWEVER in both these cases the death cross was a s-term buying opportunity.
In 2014 it was followed by 71%~ downside before the cycle lows. In 2017 there was a further 65%~ correction to cycle lows. HOWEVER in both these cases the death cross was a s-term buying opportunity.
It’s just the beginning.. rate cuts take time to price in. Spread between bond market rate expectations & Bank stocks are large. There’s a lot of $XLF complacency imho..just hear Bank CEOs talk up the economy & their book. Credit costs are edging higher in C&I & already in Cards.
At some point the gravitational pull of the Yield Curve may be a rude awakening for Street Consensus $XLF Bulls & Bank Management.. unless the assertions that this time is different with the Curve comes to Bear over time.
BKX Index approaching a #DeathCross
$TLT $KRE $IWM
BKX Index approaching a #DeathCross
$TLT $KRE $IWM
$XLF Bulls who bought Big US Banks BKX Index since its Peak Bank Street & Management Complacency at the top in Jan 2018.... are getting absolutely pummeled... down 16% vs. Cash or $TLT.
