Bitcoin (BTCUSD) just formed today a 1H Death Cross, its first since June 19 and just the 4th in the last 2 months.
Technically, that has been a strong Sell Signal as every time it flashed, the market either dropped instantly (May 27), or after a short dead-cat-bounce (June 19, May 13).
The minimum drop that a 1H Death Cross has produced has been -6.79% and the maximum -11.40%. Based on those, expect BTC to hit a minimum of $60200 in the coming days that can potentially extend to $57250.
Do you agree with those Targets? Feel free to let us know in the comments section below!
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Technically, that has been a strong Sell Signal as every time it flashed, the market either dropped instantly (May 27), or after a short dead-cat-bounce (June 19, May 13).
The minimum drop that a 1H Death Cross has produced has been -6.79% and the maximum -11.40%. Based on those, expect BTC to hit a minimum of $60200 in the coming days that can potentially extend to $57250.
Do you agree with those Targets? Feel free to let us know in the comments section below!
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** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. **
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I trade Crypto, Forex, Indices & Commodities on PrimeXBT — all from one account with TradingView charts 👉 tradingshot.short.gy/PrimeXBT
I also use TradeNation for fixed spreads & zero commission 👉 tradingshot.short.gy/Tradenation
I also use TradeNation for fixed spreads & zero commission 👉 tradingshot.short.gy/Tradenation
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
I trade Crypto, Forex, Indices & Commodities on PrimeXBT — all from one account with TradingView charts 👉 tradingshot.short.gy/PrimeXBT
I also use TradeNation for fixed spreads & zero commission 👉 tradingshot.short.gy/Tradenation
I also use TradeNation for fixed spreads & zero commission 👉 tradingshot.short.gy/Tradenation
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.