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DrJLT
2018年3月24日晚上8點36分

Bitcoin death cross + bearish divergence: crash to 5k, 2.5k 看空

Bitcoin / DollarBitfinex

描述

Death cross is a matter of time as long as bitcoin stays under 200D, and it seems like it'll happen within days, not if hours.

Bearish divergence in volume

Very high sell pressure build-up (per UO).

Crash is imminent

評論

only $100 away from death cross!

評論

potential rising wedge on 1h chart

評論

indeed broke down. now looks like double top on 1h confirmed, target should be around the previous low.

that would most likely trigger death cross ==> lower low

評論

potential rising wedge on the hourly

評論

fallen out of the wedge. should probably target 7.4k now

評論

another rising wedge

評論

crashing a little at a time. this one probably will take weeks before reaching the target
評論
venturetrade
lower lower lol
CryptoAdviser
Very Low
theshamik
I feel most follow EMA than MA for bitcoin looking at its young nature. So 50 EMA is quite far from 200 around 600 usd difference even now. So, maybe still there can be a miracle but agreed tradionally death cross is referenced only with MA and not with other MA's. Institutions follow them very closely but in BTC world we really dont have institutions really so not sure will that cross really have an impact and thus bears will take full control of BTC.....for sure bears having huge upper hand even now..
RealMcafee
@theshamik, EMA is fine if you only want bullish picture. 200 MA broke BTC path at 9200 and now the downward price movement is being pursued hard by 20 MA.
RealMcafee
Lilalisa
It seems it starts now
arrie1992
@Lilalisa, too early to say that, but 9k was rejected again
Lilalisa
@arrie1992, yes, maybe a bit esrly, but the past 5 ,minutes show a drop which is very powerful. We will see
Lilalisa
Agree with you. My TA from today expects same scenario.

Best greetings, Sascha
venturetrade
The US whales want to pump it and they have been trying but Asians not taking the bait. And without Asians they won't be able to pull it off. Asians want it to shed off all the overhead including all scam exchanges etc with BTC trading at 5K or lower. That's my take
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