So we're coming across a big point with BTC
. The fabled Death Cross. The opposite of a Golden Cross, this is when the EMA
50 drops below the EMA
200 indicating a longer term bearish
cycle. Much like the golden cross its just another indicator. Its not the end of the world but from a sentiment point of view it isn't great. It is something we do need to watch because the entire market is watching it.
Free and Friendly Discord With lots of TA. Check my profile for an invite.