DEATH CROSS STILL LOOMING IE..TOUCHINGWe have a death ❌ cross looming ie..touching now and looks ready to cross, I still believe we dodge the crossing 🚸 crossing and the 50EMA and 200EMA start pulling back apart because I see too many bullish scenarios, we have a large bull flag with a falling wedge pattern inside which is both bullish, we have price coming off the negative LRC Linear regression channel meaning oversold as well as the RSI just comming out from oversold on the 50 , and we have price sandwiched between major support and major resistance, there is always a 85% chance price does not fall far from the LRC Linear regression channels negative lower line as it in most cases bounces from the upper positive to the lower negative position , we are using the daily time frame, in my last post I posted a long position call and as we sit we are up on the position almost 1k pips, I believe we should let this swing trade plays out , it's a 8:1 risk reward with a take profit APROX 45k if this swing trade lasting a month or more plays out, if we use history as a sign we usually have a nice parabolic move mid November/ December into January and next year we will be having the Bitcoin halving . Please see my last post for the long trade still in play. Yes there is a chance that we still could be seeing red with the death cross looming at our very feet but it's not guaranteed and we just might pull back apart with all the bullish patterns and senerios.
