odbash

BTC FORMS DEATH CROSS Target 22K

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BINANCE:BTCUSDT   Bitcoin / TetherUS
Hello guys today i'm gonna analysis BTC /USDT pair with daily time frame.
1) We can see price have some consolidation area around this range (33K - 41K ).
2) Price also formed Bearish Rectangle and now testing previous Support level (33K) and if we lose support we can go down 22K.
3) I also look out EMA (50 Day And 200 Day) and if 50 Day EMA cross 200 Day EMA , its mean we have Dead Cross and we can expect big correction to the down side, and it's already happened.
Comment: Dead Cross already happened, big correction on the way
Comment: Guys Drop Coming Be Careful
Comment: BreakDown and Candle is closed beyond Bearish Rectangle.This is a confirmation for DownTrend Target 22K...Be Ready

Comments

"its mean we have Dead Cross and we can expect big correction to the down side, and it's already happened"
-paper handed b***h

so this isnt really technicaL analysis, its just stating the obvious
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@jlciscopro all MA is lagging indicator,that’s mean when actually cross gonna happened price already going to the up side or down side, and then we already see clearly cross happened,when cross don’t happened on the chart we can’t expect anyting. If you wanna to confirm MA cross until it’s actually happened you can use Oscillators indicators.
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@jlciscopro dead cross already happned not a big correction
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