Price of bitcoin stays in the range and there is high speculation zone for bulls and bears.
Death crosses are usualy strong bearish signal for assets like stocks or metals.
For cryptocurrency it is also strong signal.
Looking from the history there was a lot of Death crosses with quite good dump afterwards.
Remember, death cross is mid-term trading signal, giving us only possible trend direction for nearest months. Death cross not cancelling global trend of the asset.
Death crosses are usualy strong bearish signal for assets like stocks or metals.
For cryptocurrency it is also strong signal.
Looking from the history there was a lot of Death crosses with quite good dump afterwards.
Remember, death cross is mid-term trading signal, giving us only possible trend direction for nearest months. Death cross not cancelling global trend of the asset.
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📲 Join Telegram Trading Community: t.me/+5hlxWmhHaKplN2Rk
🎙️ 𝘾𝙊𝙈𝙄𝙉𝙂 𝙎𝙊𝙊𝙉 Daily Live Streams on 🔴 𝗬𝗼𝘂𝗧𝘂𝗯𝗲
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.