bakguc

BITCOIN IS IN DANGER - DEATH CROSS COMING

bakguc Updated   
BITFINEX:BTCUSD   Bitcoin
As you know ,When EMA 50 crosses above EMA 200 , it is called Golden Cross. But we have a little problem here. At 1 Day chart , it looks BTC 4.07% will give us a nice death cross. If EMA 50 crosses below EMA 200 , it is called Death Cross. So it is quite possible that BTC 4.07% could retest around 5800. If it brokes there , there is another support at 2900 by fib. Dont be generous for buying altcoins. We have not got the uptrend reversal so always be careful. I am not saying Death Cross will come and crush us but if we dont have good news from cryptoworld , thats seems it could happen. Always put some BTC 4.07% aside to buy BTFD (really cheap ones)
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BTC could pull back from around 8600 or 9500. Uptrend has not started yet. Be careful.
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