BTC. Weekly Death Cross?
Hi everybody!
I posted a simple weekly Chart on BTC, and what I find concerning here is that we have the HISTORICAL closeness of EMA50 & EMA200. For the death cross pattern to be a strong indicator of a further strong downtrend there has to be a steep decline of a shorter average period indicator. We thankfully don't have it here in my opinion. BUT it is a very strong possibility that they will touch at least. This means, we could have more pain in the BTC Market if a death cross occurs. What's Your opinion?
Thank You and hold on!
I posted a simple weekly Chart on BTC, and what I find concerning here is that we have the HISTORICAL closeness of EMA50 & EMA200. For the death cross pattern to be a strong indicator of a further strong downtrend there has to be a steep decline of a shorter average period indicator. We thankfully don't have it here in my opinion. BUT it is a very strong possibility that they will touch at least. This means, we could have more pain in the BTC Market if a death cross occurs. What's Your opinion?
Thank You and hold on!
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。