BatterT

Will History repeat itself?

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
We can see that the 1st DEATH CROSS occured late 2013 and was the start of a 550 day bear market.
A death cross is when the 50SMA (pink) crosses beneath the 200SMA ( blue).

After 550 days the market recovered and started an uptrend.
But after 1200 days the previous all time high was reached.

At the moment a 2nd death cross is almost on its way, we will have to see if history repeats.....
Home Stock Screener Forex Screener Crypto Screener Economic Calendar Shows How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Help Center Refer a friend Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing Refer a friend My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out