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TechniBlock

Will the golden cross save us in the short term?

Bitcoin (COINBASE:BTCUSD)  
TechniBlock Updated   
COINBASE:BTCUSD   Bitcoin
Chart Patterns Technical Indicators
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chartpattern indicator
I think the golden cross of the 200 SMA and 377 SMA will save us in the short but when we hit the red capitulation ring we will correct if not make new lows. This is the same fib circle line that bitcoin followed in the November capitulation.
Comment:
As we all watched over the past two days looks like bitcoin found a bottom around $9900.00 and went into over sold territory as the 377 SMA started to cross the 200 SMA. Our next top should be between 12700 to 12900 depending on where it hits the sell wall. Looks like we are keeping to the bull flag / bull pennant idea.
snapshot
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