You trade crypto and you use 200 EMA? You should reconsider it.
Crypto trades 365/24/7. Why in the world people from traditional markets keep using 200 EMA? I have no idea.
The death cross everybody talked about didn't even happen in March.
The fate of Bitcoin for the next year is going to be decided in the next 1 to 4 weeks.
If you take a look at Ichimoku cloud and EMA 365/60/30 you can see there are 3 different scenarios for BTC here:
1) We go up FAST and like in 1-2 weeks we break 8800-9200 in a green thin zone of Ichimoku and confirm there. This is very bullish. Hold everything and withdraw lambos in a half year to a year.
2) We go slow, bumpy. We hit 8600 to 8900, go down, jump back and we try to bite red FAT part of an Ichimoku cloud but VERY POSSIBLY gets rejected somewhere in between 8800 and 9200. And this is where the REAL death cross will most likely appears. At this point everyone will call for Lambos and moon in altcoins. Check for market sentiment. Bull trap.
3) We repeat 2, but pass through this red thick Ichimoku cloud in May-June. Less likely but INSANELY BULLISH .
The price action for the next 1-2 weeks is the most important part. I think it HAS to go fast through 8800-9200 for it to remain bullish for the year. If not, the real death cross is very difficult to avoid.
The death cross everybody talked about didn't even happen in March.
The fate of Bitcoin for the next year is going to be decided in the next 1 to 4 weeks.
If you take a look at Ichimoku cloud and EMA 365/60/30 you can see there are 3 different scenarios for BTC here:
1) We go up FAST and like in 1-2 weeks we break 8800-9200 in a green thin zone of Ichimoku and confirm there. This is very bullish. Hold everything and withdraw lambos in a half year to a year.
2) We go slow, bumpy. We hit 8600 to 8900, go down, jump back and we try to bite red FAT part of an Ichimoku cloud but VERY POSSIBLY gets rejected somewhere in between 8800 and 9200. And this is where the REAL death cross will most likely appears. At this point everyone will call for Lambos and moon in altcoins. Check for market sentiment. Bull trap.
3) We repeat 2, but pass through this red thick Ichimoku cloud in May-June. Less likely but INSANELY BULLISH .
The price action for the next 1-2 weeks is the most important part. I think it HAS to go fast through 8800-9200 for it to remain bullish for the year. If not, the real death cross is very difficult to avoid.
Comment:
Remember that the last time before 2018 BTC barely touched EMA 365 was 465 USD
Comment:
It cannot under any cimcumstances go and touch it 3rd time in this year to remain bullish