BTC1! BTC CME - 12hr Death Cross
Updated
BTC CME Death Cross (50/200ema)
BTCUSD Death Cross occurred 21 May 2021 with a substantial reactionary drop of roughly 26%
Always be prepared for the bear case - it creates opportunity!
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This content is for informational, educational and entertainment purposes only. This is not in any way, shape or form financial or trading advice.
Good luck, happy trading and stay chill,
2degreez
BTCUSD Death Cross occurred 21 May 2021 with a substantial reactionary drop of roughly 26%
Always be prepared for the bear case - it creates opportunity!
______________________________________________________________________________________________________________________
This content is for informational, educational and entertainment purposes only. This is not in any way, shape or form financial or trading advice.
Good luck, happy trading and stay chill,
2degreez
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thanks Permabaer, my gaps in original are off. need sleep or coffee or both...and the indicator
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looks like a repeat of 2017-2018 top
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got the bearish cross and the following dump. all eyes on the daily death cross now. 1078usd separation at time of posting white=50ema/black 200ema)
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dont sleep on 2day charts. 2day 20ema resistance coinbase 34325 and dropping atmalso watching with a little interest the above bearish crossover 50/100ema (white.blue) and watching daily bear cross 100/200ema
if these gains hodl untils sundays fututres open i am looking to short to fill the gap from fridays close
interesting level on bitfinex as well. at a 618fib at 34.2 but also at a key level in covid low uptrend.
zoom out
parallel uptrend channel from pre covid high to covid low - to current ath mid line
-zoom out
line in the sand possibly? lose this level and head for the bottom of this channel. (example cme gap fill 23975) -already lost mid long term uptrend going back to 2014
btc.d inches closer for the move out of the flag
total market cap got the daily 50/200ema death cross
long story short b careful. a lot of charts are at resistance. plan accordingly
not financial advice i am just a shitty goat farmer
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