Death Cross approaches

Bitcoin / DollarBitfinex

Description

⋅ Mar 30, 2018 8:01 AM

The crossing of the 50 Moving Average and the 200 Moving average is known as a
death cross and indicates the market has turned bearish .
Confirmation is if the markets volume also declines

Trade closed: target reached

⋅ Mar 30, 2018 8:01 AM

Comment

⋅ Mar 30, 2018 8:10 AM

The death cross looks like it will hit tomorrow - sometime it can uncross back quickly
and things go back to normal.

Trend Analysis

Comments

asdfghghj

⋅ Mar 30, 2018 8:05 AM

Market is already bearish :) No need for confirmation

mycotoxin

⋅ Mar 30, 2018 8:08 AM

@asdfghghj, the difference is this many months to a year of being bearish not just a few weeks of bearish

mycotoxin

⋅ Mar 30, 2018 8:08 AM

@mycotoxin, the difference is this is many months to a year of being bearish not just a few weeks of bearish

asdfghghj

⋅ Mar 30, 2018 8:10 AM

@mycotoxin, Yeah death cross on daily chart. I see. Then let's pray for a magical turnover