Bitcoin / Gold (BLX/XAU) Chart - 50/200 MA Death Cross nearing
On the Bitcoin / Gold chart a warning signal flashed on April 16th!
We are nearing a 50/200 MA DEATH CROSS which will occur on May 4th on the 3-day chart!
50/200 MA death cross are quite rare, especially on the 3-day chart.
The Bitcoin price drops on average approximately 50% (measured from the day the warning signal of the death cross indicator flashes - to the bottom)!
Disclaimer!
We (Asset-Ethology) are not a financial adviser. For educational purpose only!
You can use the information from the post to make your own trading decisions.
Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
We are nearing a 50/200 MA DEATH CROSS which will occur on May 4th on the 3-day chart!
50/200 MA death cross are quite rare, especially on the 3-day chart.
The Bitcoin price drops on average approximately 50% (measured from the day the warning signal of the death cross indicator flashes - to the bottom)!
Disclaimer!
We (Asset-Ethology) are not a financial adviser. For educational purpose only!
You can use the information from the post to make your own trading decisions.
Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
Comment:
🚨 Bitcoin is currently testing support zone between $30.000 - $29.000 🚨
100WMA has now turned into strong resistance (between $36.000 - $37.000)!
Last hope is the support zone between $32.000 - $29.000.
If BTC breaks $28750 we will go down even faster!
Next weak support is between $23-$24k (small LVN).
200 WMA support is at $21.860 but we can go lower (Wave 5 Fib-Extension is at ~ $16k). Next strong support zone is between $19.000 - $17.600!
Bear flag target is at approximately $13.000.-
100WMA has now turned into strong resistance (between $36.000 - $37.000)!
Last hope is the support zone between $32.000 - $29.000.
If BTC breaks $28750 we will go down even faster!
Next weak support is between $23-$24k (small LVN).
200 WMA support is at $21.860 but we can go lower (Wave 5 Fib-Extension is at ~ $16k). Next strong support zone is between $19.000 - $17.600!
Bear flag target is at approximately $13.000.-
Comment:
We have finally bounced after a huge selling climax caused by stop hunts right below $30k. The low of the wick was at approximately $29741.
Now after the selling climax / capitulation we can go up again...
Now after the selling climax / capitulation we can go up again...
Crypto and blockchain enthusiast
www.investingcrypto.online
www.investingcrypto.online
- 50/200 MA Death Cross will happen on 19th May on the BTC/USD 3D chart!
- 31/50 MA Death Cross will happen on 23th May on the BTC/USD weekly chart!
- 100 WMA broken on the BTC/USD weekly chart!