themerkle
Short

Upcoming death cross signals potential bear market

BITSTAMP:BTCUSD   Bitcoin / Dollar
Looking at the 100 and 200 day MA we can see that if Bitcoin's price doesn't keep rising that a bear market is imminent because the 100 and 200MA will form a deathcross. However, if the bulls loose keep their momentum then the way is clear for further price rise.

While a Golden Cross is a well known technical indicator don't get too exited because it doesn't seem to work too well for bitcoin . As you can see last time the golden cross formed the market actually ended up crashing harder than before.

I am going to play it safe and sleep in fiat.

Full analysis: http://themerkle.com/technicalanalysis/bitcoin-technical-analysis-for-21916/
Update status
United States
United Kingdom
India
Deutschland
España
France
Việt Nam
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
Malaysia
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing Support Priority Support Report Issue Ideas Published Followers Following Private Messages Chat Sign Out