DrJLT
Short

Bitcoin death cross + bearish divergence: crash to 5k, 2.5k

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
Death cross is a matter of time as long as bitcoin stays under 200D, and it seems like it'll happen within days, not if hours.

Bearish divergence in volume

Very high sell pressure build-up (per UO).

Crash is imminent
Comment: only $100 away from death cross!
Comment: potential rising wedge on 1h chart
Comment: indeed broke down. now looks like double top on 1h confirmed, target should be around the previous low.

that would most likely trigger death cross ==> lower low
Comment: potential rising wedge on the hourly
Comment: fallen out of the wedge. should probably target 7.4k now
Comment: another rising wedge
Comment: crashing a little at a time. this one probably will take weeks before reaching the target
lower lower lol
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Very Low
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I feel most follow EMA than MA for bitcoin looking at its young nature. So 50 EMA is quite far from 200 around 600 usd difference even now. So, maybe still there can be a miracle but agreed tradionally death cross is referenced only with MA and not with other MA's. Institutions follow them very closely but in BTC world we really dont have institutions really so not sure will that cross really have an impact and thus bears will take full control of BTC.....for sure bears having huge upper hand even now..
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BarclayJames theshamik
@theshamik, EMA is fine if you only want bullish picture. 200 MA broke BTC path at 9200 and now the downward price movement is being pursued hard by 20 MA.
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It seems it starts now
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arrie1992 Lilalisa
@Lilalisa, too early to say that, but 9k was rejected again
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Lilalisa arrie1992
@arrie1992, yes, maybe a bit esrly, but the past 5 ,minutes show a drop which is very powerful. We will see
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Agree with you. My TA from today expects same scenario.

Best greetings, Sascha
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The US whales want to pump it and they have been trying but Asians not taking the bait. And without Asians they won't be able to pull it off. Asians want it to shed off all the overhead including all scam exchanges etc with BTC trading at 5K or lower. That's my take
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