mrhashem

Bitcoin 2D Golden/Death Crosses

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
Bitcoin 2D (Golden/Death) Crosses case study shows that after these crosses, price action will test one or more EMAs to confirm the cross and Bots & Algos.
Will it happen again this time?
With every 2D Candle close, the momentum between EMA200 and EMA55 becomes stronger to the downside.
Meanwhile, Bitcoin could test the 2 EMAs but the change of behavior is when a candle closes above EMA200.

So as long as BTC is below EMA21, I am Bearish . but if a candle closes above EMA200 ( fake the death cross ) - based on PriceAction - I become Neutral or Bullish .

Without Risk and Position Management, You WILL Lose Money.