mikeree112

Bitcoin Track - EMA Chart Analysis.

BITSTAMP:BTCUSD   Bitcoin
Looking at the chart EMA 200 & EMA 20 / 50 (1 Day Chart) - About to cross sooner, since we have retested $40K several times, and it did not passed.

And the chart is about to cross sooner. Depends on if bitcoin does go down to $35K, it can collapse. There may be cross

It can go either way, but just need to prepare for the collapse and be ready to get more coins at cheaper price.

There's lots of predictions, that it can collapse.

But looking at the chart, unless, Bitcoin does not passes $42K, goes down to near $35K. There's good or slight of chance, we will have the death cross coming soon.

The death cross is a technical chart pattern indicating the potential for a major sell-off.


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.