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robertstefan4581
Jun 17, 2021 2:50 PM

Bitcoin's organic Death-Cross (bearish, like in 2013) 

Bitcoin / TetherUSBinance

Description

It seems to me that this year, after about 13 months in which MA50 Daily has been comfortably hovering above the MA200 Daily, at dizzying heights at times, what looks like it's happening as we speak is an organic (unmanipulated) Bearish Death-Cross like that in May of 2013.

If that is the case, as we have yet to see, the price should follow a path similar to what I have outlined in the chart.

Profitable trades to everyone!
Comments
bojincaandreiluis
Sa inteleg ca prevezi inca o crestere mica pana undeva la 41.000 apoi o scadere mare pana la 31.000, dupa o crestere pana la 50.000 si abia apoi va porni in cursa spre 20.000.
robertstefan4581
robertstefan4581
@bojincaandreiluis, dar aparent, nu in ordinea prevazuta :D
crisils
Looks like a bear flag which will go straight down to me.
robertstefan4581
@crisils, more or less. I wanted it to be a bear flag, but setting aside the pole, what the "flag" part actually is can be debatable. It has been various kinds of triangles that keep strethcing...
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