Looking at the chart EMA 200 & EMA 20 / 50 (1 Day Chart) - About to cross soon, since we have retested $40K several times, and it did not passed.
And when you look at the chart, it is about to cross sooner. Depends on if bitcoin does go down to $35K near, it can collapse. There may not be cross if it goes above $42k or higher, it won't happen.
It can go either way, but just need to prepare for the collapse and be ready to get more coins at cheaper price.
There's lots of predictions, that it can collapse.
But looking at the chart, unless, Bitcoin does not passes $42K, goes down to near $35K. There's good or slight of chance, we will have the death cross coming soon.
The death cross is a technical chart pattern indicating the potential for a major sell-off. once that 200 EMA crosses 50 Day moving EMA.
I do expect, it can happen Friday evening to Saturday to Sunday, since we have lots of support at the bottom. Perhaps, it may take several days to collapse.
What do you think???
Let me know. And things are getting very interesting.
And when you look at the chart, it is about to cross sooner. Depends on if bitcoin does go down to $35K near, it can collapse. There may not be cross if it goes above $42k or higher, it won't happen.
It can go either way, but just need to prepare for the collapse and be ready to get more coins at cheaper price.
There's lots of predictions, that it can collapse.
But looking at the chart, unless, Bitcoin does not passes $42K, goes down to near $35K. There's good or slight of chance, we will have the death cross coming soon.
The death cross is a technical chart pattern indicating the potential for a major sell-off. once that 200 EMA crosses 50 Day moving EMA.
I do expect, it can happen Friday evening to Saturday to Sunday, since we have lots of support at the bottom. Perhaps, it may take several days to collapse.
What do you think???
Let me know. And things are getting very interesting.
Death Cross is about to begin.. if it crosses 200 day.