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thesean
Oct 25, 2019 4:10 PM

Death Cross Short Opportunity Short

Bitcoin / US Dollar Perpetual Inverse Swap ContractBitMEX

Description

The death cross is a long term trend reversal indicator that happens when a faster 50 moving average crosses a slower 200 moving average

An optimal time to short is when price in the vicinity of the cross right as they cross.

If price can pump to $8890 area soon this area would be a good position to open a short.

This area also corresponds closely to a well developed parallel channel
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