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17829979 No.17829979 [Reply] [Original]

Closing below the 200 SMA is known as a "death cross". The antithesis of a "golden cross". With the world freaking out, and the feds kicking the can, we're looking at a possible decade long bear market.

The catch is, nothing seems to be safe right now. Sure, cash out to fiat. It's also likely to crash.

We are truly fucked.

>> No.17830002

>>17829979
Just like the golden cross didn’t mean anything when it hit, this ‘death cross’ won’t mean shit either.

>> No.17830019

>>17829979
Oh no, I better sell all my crypto cheap to you ching ping, I'm definitely not buying every day.

>> No.17830029

>>17829979
DRNS FAGGOT
YOU CANT HAVE MY COINS

>> No.17830037

Bull
Shit

>> No.17830045

>makes 200MA thread
>graph doesn't include 200MA
OP is truly a faggot

>> No.17830062

>>17830045
99 is the new 200

>> No.17830071

meme lines get broken all the time in markets and it doesnt have to mean shit. not saying crypto isn't likely to be fucked for a while, but this isn't the reason, and it could well pump first

>> No.17830095

>>17830062
No. Everybody is using the 250 MA, didn't you hear about it?

>> No.17830099

>>17830045
this, OP:
https://www.youtube.com/watch?v=vifYelSTlMo

>> No.17830109
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17830109

>>17829979
>implying this isn't the early stages of exactly the endgame Satoshi had in mind

>> No.17830140

>>17829979
look up what a fucking death cross you absolute retard please kill yourself and go back

>> No.17830143

>>17830095
No joke, the 960 SMA is really interesting.

>> No.17830146

>>17829979
No, a death cross is a shorter term moving average going down past a longer term moving average.

>> No.17830164

>>17829979
>decade long
Yeah that's what the nips were thinking when they called it the lost decade lmao. Been going on for 3 decades now

>> No.17830167

>>17829979
If Bitcoin goes to $0.01 I will buy as much as I can. If Bitcoin goes to $1 I will buy as much as I can. If Bitcoin goes to $100 I will buy as much as I can. If Bitcoin goes to $1000 I will buy as much as I can.

See where I’m going with this? Your charts mean shit.

>> No.17830177
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17830177

>>17830095
Uh, n-no?

>> No.17830191

>>17829979
>crypto
>closing
retard

>> No.17830195

>>17830167
Bitcoin is worthless and will not recover from the next crash

>> No.17830334

>>17829979
It has closed below the 200 MA on the weekly chart a couple of times during its existence. It doesn't mean shit. I still predict that it will go down though.

>> No.17830346

>>17829979
>death cross
Your definition of death cross and golden cross are wrong.

When the 50 MA crosses below the 200 MA, that's a death cross.
When the 50 MA crosses above the 200 MA, that's a golden cross.

For every kind of moving average (SMA, EMA, etc...) there's a variation on the golden cross / death cross. Traditionally, it's done on the 1d timeframe, but I've seen people use 4h golden crosses and death crosses in their trading. 1w crosses are useful in traditional markets where we have more price data to work with. Can't really do that with crypto yet, because most coins are too young and don't have enough data to create the necessary meme lines.

>> No.17830371

>>17830167
>goes all in at 1000
>drops to 0.1

>> No.17830392

>>17829979
>occurred in 2018
>nothing happened

>> No.17830510

>>17830392
Never weekly closed below.
Bitcoons price action is technically doing things its never done before ever.

>> No.17831023

>>17830510
Happened twice in 2015. Also around the same time the market was having issues. Issues are worse now, so BTC's correlation is greater. Comments on the BTC market are irrelevant for the next 3 months at least. It will do whatever the Dow does.