Lanmar

The lines you need to pay attention to: Bitcoin

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
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Significance of the two trend lines:


Here is the death cross in 2014. NOTICE, how price still went above even after the death cross? We could something very similar happen again. So even if it breaks above it does not make it invalid


Long term I am a major bull.
Short and medium term, tread carefully.
Comment:
Comment: strong bounce off 7800 level
Comment: The chart says everything you need to know about where we stand.
If you make exact calculations about which price levels we would need to be the next days in order to get a death cross you will find out its extremly unlikely we will get the death cross (at least for next 15 days), unless we go to 6k area.
Reply
Lanmar kremsy
@kremsy, Correct. We will only know after the fact. It is clear however that we are at a greater risk of seeing the cross occur the more time we remain under the 9500 level. Thanks
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kremsy Lanmar
@Lanmar, yep but for the next 15 days we are save as long we stay above 8500.
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How long is medium term? Are we talking weeks or months?
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Lanmar roman_akyuz
@roman_akyuz, in this particular context medium term for me is at least 3 months, generally under 1 year. Long term is several years out.
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