#IMPORTANT:
BTC Death Cross
(use landscape mode to view chart fully)
i told you about Death cross in my previous post.
Bitcoin's 50-Day Moving Average has just crossed under its 200-Day Moving Average. This is known as a DEATH CROSS.
A "Death Cross" is a technical analysis term that refers to a specific chart pattern that signals a potential trend reversal from bullish to bearish in a financial market, typically in stock trading. It occurs when a short-term moving average (50-Day) crosses below a long-term moving average (200-Day).
Even though this is usually a bearish indicator in stock trading, historically Bitcoin has put in significant lows when it has occurred - often paired with higher timeframe Bullish or Hidden Bullish Divergence.
Will this indicator potentially call a significant low again??
A Death cross is always followed by a GOLDEN cross, but time varries. so be pateint.
