cryptoGats
Long

Bitcoin - Be careful, this is about to happen!

BINANCE:BTCUSDT   Bitcoin / TetherUS
So as everyone sees price stabilizing and even going up on smaller timeframes like the 1H or even the 4H they are missing a big red flag. Let's take a look at the 1D timeframe which has become the relevant one because of the battle happening there.

Immediately you can see that that BTC is ranging between my white horizontal support line and the 200MA which is on the rise towards the 50MA and that's where the trouble is.
1) The fact that Bitcoin does not have the volume needed to go over such a small resistance point (the 200MA) is a big red flag.
2) The 200MA in on the rise towards the 50MA which will create the dreaded death cross on the daily timeframe . Typically once this happens any asset will stay under the 50MA for a few weeks, you also have to take that as a big red flag.

Below I will post examples of recent death crosses on the daily and what it looks like weeks after it happens. To be clear a death cross is when the 50MA crosses down the 200MA, which signals that the asset has lost its momentum and it will tumble down until it gets to an attractive buying point.

LITECOIN DEATH CROSS

ETHEREUM DEATH CROSS

NEO DEATH CROSS

BNB DEATH CROSS

XRP DEATH CROSS

GOLD DEATH CROSS -

NOW, THE LEGEND;
Support trendlines are green
Resistance trendlines are Red
Horizontal support lines are white, the thicker the stronger the support
50 Moving Average is yellow
200 Moving Average is white

THE TREND: Going down
THE OUTLOOK: Buy as it dips andbuy more the closer we get to $100.00

Be safe and follow me to make money and stay ahead of the curve.
Xena Exchange Resident https://xena.exchange
BE SAFE AND FOLLOW ME TO BECOME PROFITABLE AND STAY AHEAD OF THE CURVE.
your post says long but what's about to happen is a death cross. so you have a million readers but dont know how to use tradingview. i dont know what to make of that,
+1 Reply
cryptoGats prefabsprout
@prefabsprout, thanks for sharing.
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I don't think we will even touch 61.80 before blastoff. Blastoff is like- nowish.
+1 Reply
cryptoGats SKYLOBSTER
@SKYLOBSTER, we’ll see, thanks for sharing.
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Guys I have already 30% profit on this altcoin
what do you think?
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+1 Reply
Thanks for sharing. We think there could be a 10-20% correction upwards worth trading for even if the death cross happens.
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cryptoGats Phi-Deltalytics
@Phi-Deltalytics, Thanks for sharing
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"The Mother of all buy zones." That is fantastic!!!!!! I love it man. I will literally be selling everything that is not nailed down and I will lbe all in once BTC fings a bottom.
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