4 Hour Death Cross - Going down Short

Bitcoin / U.S. dollarBitstamp

Description

⋅ Aug 13, 2019 2:29 PM

The 4-hour death cross on the 13/48 EMA has been a reliable indicator this year as we have just entered one today.

The previous death cross on this time frame has produced a 32% drop over 8 days

The crosses prior to that were 18%, 13% and 5% moved down. All four crosses average out to 17% over 8 days.

You can find this indicator here on TV under 'True Golden Cross by -Westy-

uk.tradingview.com/script/nFKOfACC-True-Golden-Cross-by-Westy/

Comments

Felix000

⋅ Aug 18, 2019 5:28 PM

Result of your analysis roughly 11% drop from close of 13 Aug. Right? Cool.

Westy_

⋅ Aug 14, 2019 9:47 AM

Following the cross, BTC and all the algo bots dumped almost on cue. With the 200 MA now broken, the next support area is $10,200-10,300