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Btc_usd

On Bitcoins impending Death CrossBTC Death Cross History & Thesis A death cross is defined as: when the 50 day moving average drops below the 200 day moving average. Based on history going back to 2014, after entering a death cross BTC prices dropped as follows before recovering, prices and percentages are slightly approximate but fairly accurate: Entered Death Cross 19 Jun '21 price 36525 price dropped -19.16% to 29528 on 20 Jul '21 Entered Death Cross 25 Mar '20 price 6968 price dropped -15.9% to 5861 on 30 Mar '20 Entered Death Cross 26 Oct '19 price 10530 price dropped -39% to 6436 on 18 Dec '19 Entered Death Cross 30 Mar '18 price 7281 price dropped -57% to 3132 on 15 Dec '18 Entered Death Cross (Double) 03 Sep '14 price 483 price dropped -66% to 166 on 18 Aug '15 14 Sep '15 price 233 price dropped -3.7% on 22 Sep '15 to 224 Average post death cross drawdown percentage using history back to 03 Sep '14 is -33.46%. Using the average drawdown percentage would the upcoming post death cross drawdown price at 29131.21 USD, using the current price of BTC in USD as I write this. There is also a support line at 29641 extending back to Jan '21. The Math: 33.46% of 43780 is 14648.79 43780 - 14648.79 = 29131.21 Conclusion: A more mild drawdown say using the 25 Mar '20 drawdown percentage of -15.9% (6961.02) would put the upcoming post death cross drawdown of BTC to 36818.98 USD. The upcoming post death cross drawdown price of sub 40k seems likely. This is not investment advice, the preceding text is only the opinion of the author and is to be used to information purposes only. Please do your own research before trading.
INDEX:BTCUSDShort
by QuestITM
btc pullback in weekly time and is a very sensitive placeWell, dear friends, many people are now thinking that it is going up a bit !!! Right at the end of the weekly time, which is still 4 days until it closes, after the failure of a very important support, which is also characteristic in the chart, it backs up to its own failure, which may fluctuate in these points until the end of the week. it can be stabilized around its resistance of about 46500. It may raises to about 44,800 to 45,500, then corrects again to the levels of 40,000 or 42,000, and then we look at the other possibilities again, which of course are in the chart, so by considering all these cases, try your trades as well as your knowledge and experience.and Manage your assets...
by arsalancrypto85
Bitcoin - another failed Head and Shoulders in play?Potential bullish case for Bitcoin based on 2 key factors: 1) Very similar price action to the last year, mainly referring to the Head and shoulder formation which preceded the run to ATHs. Yes a Head and Shoulders pattern does indicated a bearish reversal, so the important factor hear is that bitcoin rejects the pattern at/around the neckline once again; 2) Taking the fractal that followed the rejection of last years head and shoulder pattern, and using this a rough basis for future price action should the H&S pattern get rejected once more, we would go on to hit a 1.618 fib extension, and the price would also react at key retracement levels (pull back at 0.702, support at 0.5, ATH the fall back to find support at 0.786/0.702/0.618).
by quyverlander