DEATHCROSS! We are at a Major TA milestone. Both a deathcross with the 200 and 50 day SMA and soon a breakdown of the symmetrical triangle. Dominance looks like falling very very soon.
Same pic but without the golden ratio meassurements
Will we finally get king shitcoin shitting the bed but everything else benefitting from the outflows?I am financially fucking bored swing trading the past few months
ETH/BTC falling looks like it has slowed down and now double bottomed?
All my pics are daily candles btw, heres Total 2 and Total10
>>59607551You never know with ETH, i think it is possible that it goes parabolic run soon
>>59607556>>59607568I just wanted to post my btc.d breakdown here, u know the bitchud chart, but they are quite actively fudding eth, thir masters probably didnt finish accumulation, so i wont bother till 55%.
>>59607537>>59607547what exactly am I looking at here?
Is this a massive 4 year ETH bullflag we are looking at?>>59607601Bitcoin dominance
>>59607629>Bitcoin dominanceNo I got that, I was talking about all the squiggly lines
>>59607649oh.. 200 day and 50 day moving average, the shorter timeframe 50 day moving average crossed bellow the 200 day, this is usually known as a death-cross i believe. last time this cross happened was January 2023
>>59607662to clearify, last time the lines crossed (on the daily candles chart) was Jan 2023, then the 50 crossed above the 200 and it has stayed like that for 2 years. Now we have a deathcross on the daily atleast, thus we are likely to see downside for the BTC.D
>>59607662>>59607673If that's your thesis, then yeah the trends seem to have reversed. I'm not convinced that is predictive of the future trend though, but we'll see. From my experience with moving averages, they tend to have a small alpha over randomness, which is why momentum trading is profitable, so you probably do have a >50% chance of being right here.
>>59607601profound schizophrenia.
>>59607679Im not anywhere close to an expert.Last cycle we first got a deathcross in early 2020 that then reverted back above the line some months later but then we got the 2nd final deathcross in March 2021, about 7-8 months before the market top. I have a harder time to belive that we are gonna copy that this time since we probably are in the final year of the crypto bull already. So this deathcross could be the one and final for this bullmarket and altseason.
>>59607684very very basic TA that can show the probability of an outcome that is greater than chance or 50/50
The Btc.D a bit more zoomed out
>>59607710> fibs and moving averages on a normalized and thus totally warped chartever considered that btc.d is simply crashing because ripple is going through the roof, adding billions to their mcap every hour right now?
>>59607869Only time will tell now, it might be another fake out but i think this could be it, starting the final march downward on the BTC.D
