ALERT! It has just come to our attention that Bitcoin is in EXTREMELY close to initiating a death cross on the weekly MACD. Last time it death crossed like this, Bitcoin put in a top at 20k. This could signal a move to the longer term support, right now around 6500-7000.
bullshit go look after the pump that ended the bear market of 2014... go check... its the montly MACD that should not cross...
MarketMotives
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@Akaruz,It is possible that the cross does not happen, but if it does, lookout below. Why is it that when presented with facts, there are a group of people who are delusional and in denial? Clearly even the histogram is printing a potential cross. NOT GOOD if it does cross. If it doesn't, well that's great.
MarketMotives
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@Akaruz, Here is the counter argument! Which at this point seems very likely assuming the MACD is defended.
heish
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The MACD also shows that the MA-s have touched- but not crossed - before. That happened two times before the burst. Moreover, after the cross finally happened we have seen a move to the UPSIDE before going down. I do not think that even if it happens that we will see a decline straight away. Smart money sells high and buys low.
mjtrustme
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Yes. The entire market is about to crash on account of trade wars, bitcoin will suffer the same fate.