chazd
Short

EMA 50 & 200 Death Cross ~ 1-2 weeks out

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
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BTC gonna go lower than low. Still intact bull trend (july 2017 - now trendline , teal color) has been tested and respected twice. But a death cross and significant resistance above (ichi & multiple trend lines ) makes me think at a minimum we see a dip to the 78.6 fib level around $5500 USD, could set up for a double bottom if that capitulation closes back up around $6K. Really hope that's the case. Also really hope we don't fully complete the retrace down to sub $3K btc .

Note, last time we saw a death cross of the 200 & 50 EMA's was august 2014. Didn't get the bearish recross until October 29 2015, 15 months later.
*bullish recross is what I meant to say
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*meant to say bullish recross
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