Neutral for now we've been in bearflag limbo for the past 15 4hour candles......looking at the day chart however it currently looks like the Death Cross(50SMA crossing under the 200SMA) is still very much capable of happenign and unless one of the 2 lines drastically change their trajectory we will be looking at a death cross come April 3rd. Omkar Godbole has a different perspective on the Death Cross and how it could potentially be a bear trap coindesk.com/why-bitcoins-death-cross-may-become-a-bear-trap/ Whatever happens its wise to always be prepared for the exact opposite outcome of which one you choose to pursue. Best of luck out there...and if anyone out there knows the record for most 4hrcandles in a single bearflag let me know.
Note
Stop loss triggered...going short for now
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.