The deathcross refers to the moment in time the 50 period moving average (50MA) declines below the 200 day moving average (200MA). This indicates a weakening trend.
The first Bitcoin deathcross happened in Apr 2014 and led to a ~70% price decline over 280 days.
The 2nd Bitcoin deathcross in April 2018 led to a 65% decline over 263 days.
The 3rd Bitcoin deathcross Oct 2019 led to a 55% decline over 141 days.
The 4th Bitcoin deathcross happened on June 18th, 2021 and led to a ... over ...
Averaging the declines from the first 3 deathcrosses (not counting the fakeouts in 2019), we get the following values:
242 days
64%
Which gives us a price/time target of $15,000 on Jan 28th, 2022.
**Not financial advices.**
The first Bitcoin deathcross happened in Apr 2014 and led to a ~70% price decline over 280 days.
The 2nd Bitcoin deathcross in April 2018 led to a 65% decline over 263 days.
The 3rd Bitcoin deathcross Oct 2019 led to a 55% decline over 141 days.
The 4th Bitcoin deathcross happened on June 18th, 2021 and led to a ... over ...
Averaging the declines from the first 3 deathcrosses (not counting the fakeouts in 2019), we get the following values:
242 days
64%
Which gives us a price/time target of $15,000 on Jan 28th, 2022.
**Not financial advices.**
Comment:
I will not short support
Trade active
