NOT THE BEST TIME TO HOLD BTC PT.2
Btc continues to decline and some people seems to forgot what the defenition of bear market is. How to know if this is a bear market? 50MA goes below 200MA and price is below 200MA. Simple rules right? Usually it works for 1D charts. And what about 3D charts?
Bigger timeframe = less false signals. And we about to have our 3rd death cross somewhere in the middle of May. Are you ready? As I said earlier it's not the best time to hold btc and other crypto as well. Maybe this time would be different? Maybe, but I would not ignore such thing.
Here is what happend after the death cross in 2014 - 55% decline
And this is 2018. Quite noticable corrections right?
Are we going to get another -50% dicount? Summer is going to be hot 😈
Bigger timeframe = less false signals. And we about to have our 3rd death cross somewhere in the middle of May. Are you ready? As I said earlier it's not the best time to hold btc and other crypto as well. Maybe this time would be different? Maybe, but I would not ignore such thing.
Here is what happend after the death cross in 2014 - 55% decline
And this is 2018. Quite noticable corrections right?
Are we going to get another -50% dicount? Summer is going to be hot 😈
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