The 200 day ma is about to cross below the 300 day ma, an event that bitcoin has not seen since August 2014, preceding a massive plunge with over 70% loss. Since then, the 200 day ma has been above the 300 day ma from November 2015 for roughly 1000 days. There is no doubt that the crossing of these two moving averages should trigger a strong warning for bitcoin bulls.
Just finished writing about this in a chart for the third time. I don't think it will be as catastrophic as 2014, but it is about as bad an MA cross signal as you can get. Not sure any of the fomo crowd care. Which may even be to their betterment.
grimelord
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@gainsbeast really nice chart man, can't wait to see how this plays out