Bitcoin appears to be in the deadly death cross and if price does not show bullish signs of retaking the 55 ema soon, then we may see our beloved hero drop down to the mid 5ks once again. Just as the 200 ema and 200 ma crossed before the major run to 14k earlier this year, we see the same cross before the (china bullish news), This to me was clearly manipulated since we got the pre-death cross with the 200ema/200ma just as we have gotten this cross before the 14k run up. Some are calling for a Head and Shoulders as well. We will see how this plays out.
Disclaimer
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.
Disclaimer
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.