ptero1492

Death Cross - Not as scary as it sounds

Long
BITSTAMP:BTCUSD   Bitcoin
I remember the last "Death Cross" - Media publications love the engagement that the headline can gain for them.

  • More often than not this is a non-event. I am particularly bullish until March as I have pointed out. I expect a six digit high in BTC and ALTS to do particularly well.

  • More often than not, the Area of MA cross acts as a kind of magnet. 2 powerful SMAs attract price with decent momentum. Volatility will set in for some time while we grind around at the higher levels until we get positively inclining 50 and 200D SMAs ...

  • At that point we will be in full bull mode and all the bears will have missed the golden buying opportunity now in front of them.

Investors might want to continue to accumulate.

Traders might want to buy this dip and sell into strength as we approach the green price box which may extend into the cross area (through the weekend probably)


I love to engage with constructive comments!

And since you all loved it so much last time - - LINK TO $374 !! -
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