Who cares, seriously? People are comparing the "death cross" to the last death cross that occurred in 2018. Entirely different time when a trend was reversing! Come on folks. to people who say does Bitcoin really look bullish to you. DID YOU LOOK AT IT?! We rallied up to 14k, bucked the down trend and we are bouncing right above the 50 MA on the weekly! The Daily MACD is looking green has ever. The daily MACD looks almost exactly like it did in 2015 before we resumed going up a lot more!! RSI on the weekly and the daily are coming off lows. We are resuming the uptrend!
Look at the last halving! Did anything happen when it crossed down before the last halving. NO! We moved sideways, which is what I anticipate here, we move sideways and grind higher. Don't listen to this poopy hype floating around, it's worthless and click bait to get likes!
China changes everything. buckle up, hodl tight and get ready for crypto to grind higher over and possibly explosive moves over the next 6 months.
A death cross can occasionally be bullish if the long term MA is upward sloping, which it is right now. For a true bearish death cross, both MA's must be negative sloping. Thought you should know.
I share your opinion.
What do you think about the breakout of the giant descending Triangle ?
kryptoben
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Great analysis,
Check this also mate
dragononcrypto
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I care a lot more about the other 3 bear crosses that were bearish long-term, while looking forward to the possibility of moving upto 12K in the coming days!