cybernetwork
Short

Major Death Cross registered on the BTCUSD (3Hr) chart.

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
Will earlier predictions of BTC retracing all the way down around 8400 USD come true? Waiting for verification on the 4h and 1D charts.



Alternatively, there's a chance that BTC may instead consolidate sideways above 10kUSD while waiting for the various levels to "catch up" perhaps.

See also: Will there be a minor altcoin season soon; while BTC retraces or consolidates.
Comment: However, BTC Dominance (BTC.D) may still have some way to go, up to 70 or even 71% -- more pains for altcoins ahead in the short term?

Waiting for Death Cross indicators to trigger before a minor alt-season can happen.
There are no such things as a 3hr death crosses... The death cross is daily candles and the 50 crossing the 200 PERIOD...
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@BitFink, Yes, the 3hr is referring to the death-cross view on the 3hr chart.
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cybernetwork cybernetwork
*when viewed
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BitFink cybernetwork
@cybernetwork, DAY - Not hour...
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@BitFink, The link you have posted does not specify the limit of its use on daily candles.
I personally find looking at lower time-frames helpful sometimes, see response below.
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@BitFink, (Quote) "..**on the BTCUSD (3Hr) chart**". In no place have I mentioned a "3hr Death Cross".
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BitFink cybernetwork
@cybernetwork, The title of this post says that
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@BitFink, the 3Hr was referring to the chart I am presently analyzing with, as a way to predict plausible accordance at high time-frames.
See description above, as well as earlier response below.
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@BitFink, Looking at the lower-time frames allows one to pre-determine the *plausible* occurrence of the death cross on the 1D chart into the near future. Its just a strategy that I personally use and works for me thus far. ;)
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