Theres blood in the streets.

It did sound scary to be very honest when I read the title. But it's not that bad, is it

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Well, it's actually a very strong technical indicator when the shorter moving average crosses a longer term. Try to play with something shorter, like MA20 against MA50.

Hi jrcornel,

So, death cross is when BTC in your chart cause the pricing to reverse or move further the same direction up or down?

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Thanks for the heads up! Its gotta go back up at some point right lol!!

I think it sounds more dramatic than it is, even if the lines are crossed it can go up afterwards again like Bitcoin did over and over again.

I am more concerned about major support line that BTC is about to test, it has been a long term support for many years.

There are lots of fiats out there that have no military power backing them. People buy them everyday. If a backing by an army were the only thing that gave money value, 5 currencies would be the only ones that existed

I've seen a lot about this death cross lately and how everyone's been worrying. But I see it as a positive, and so should you! I think some people look way too far into the technical analysis rather than just looking at the history. History can tell more than any scientist can :)

Don't worry about this 'Death Cross' people, just hold tight, and you will see the light. This I can guarantee!

Yea, I think lots of people make the death cross out to be more than it really is. Although plenty of trading programs look for these signals, and trade accordingly. Hopefully, a quick dip, followed by some smart buys and then BTC gets things moving upward again.

So basically people just look for patterns and infer causation without understand correlation. This is precisely why technical analysis for cryptocurrency is not quite accurate- there is a lot of guesswork involved.

If everything were this crystal clear then everyone would be doing precisely the same thing and it would cause a self-fulfilling prophecy. If the majority of people believe a death-cross is bad then there will be a sell off.

I was just reading about it and potentially BTC could go a lot lower, in grans scheme of things, its better BTC and alt coins to be back in july 2017 values. This would help to invest and build better block chain products

waooo.this is so amazing

The death cross is a bearish sign overall, but it’s not the end of the world. I’m ok seeing BTC put in some consolidation for the next few months. This will give an even stronger base to rise off of. Thanks for the heads up on the death cross!

At which price/time does Bitcoin cross the death cross?

I think the interplay of the 50 and 200 moving averages is worth paying attention to, but I agree that a death cross by itself isn't too unsettling from the bullish perspective.

What I look for more than a simple cross is something like a cross and "failure" (50 cross above the 200 for a "golden cross"), then a "reset" into a second death cross.  That's a good sign that the bullish momentum has truly waned and the holders of the asset have really been beaten down for their perseverance by that point (the 200 moving average is likely also flat or turning down by that point as well, which is not the case with bitcoin on the daily timeframe as we speak).

Nothing is ever a guaranteed signal, but, probabilistically speaking, at least from my experience, "double death crosses" with a flat or declining 200 moving average are better indicators of more downward price movement (as compared to a death cross alone).

What I'm expecting to happen here is a reset into a "golden cross" (within then next 1 to 3 months) and a test of the all-time-high around $20K before any more chances of 50 over 200 crosses... but I've been wrong on these calls hundreds of times before, just like everyone else who plays this game.

Strong name and slightly darker than I like, but still interesting. I really hope it bounces back. I know it will, but it sure is hard to watch sometimes..

Great post, love the different perspective.

Someone needs to rename that intersection!

very constructive analysis. would like to see more in future.

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I believe your analysis to be true, just judging from the past patterns it's exhibited. But, for me I really don't care about getting rich off of it. I've always been interested in its use to escape the bonds of inflationary fiat. Getting rich off of it is a bonus to something that has been positive for the world, imo.

The mania of Dec 2017 and subsequent fall is starting to look very similar to what happened in late 2013 to early 2014.  That was about a 90% correction.  If this same pattern holds, then we could see retracement values on bitcoin to go as far down as $2500 for the lowest low over the next 2 years.  That's about as bearish as one can get.  This assumes that the situation is equal to what happened back in early 2014.  I don't think it is.  The network is worth much more now.

I expect the next mania phase to begin summer 2020 to peak like it did in Dec 2017 again by Feb 2021.  I wouldn't be surprised to see bitcoin crossing the $500K mark by then.