21/200 Death Cross likely to cause continuation of down side into Halving 2020. We always like to look left for effects of patterns. Last occurrence of this cross was during 2018 Bear Market initiation, which leads me to believe that we are no fully out of the bearish market yet. This run up since March was a bear market rally and we actually are still in accumulation mode.
Comment:
Targets for the floor of this move should land us in the 6k zone (orange line) which is also a massive volume pool as seen on the VPVR indiocator to the right