When was the last time BTCUSD experienced a death cross? - March 2020
What happened after in terms of price movement?
Initial sell off (-16%) in the days immediately following the death cross (algos? twitter?), then BTC rocketed 25% over the same span of days, before more than 2xing over the next 4.5 months...
What would the price be if we followed the same percentage moves?
Initial sell off: Approx Current BTC Price $40,000 - ($40,000 * 0.16) = $33,600
25% rebound: $33,600 * 1.25 = $42,000
Approx 110% move: $42,000 * 2.1 = $88,200
BTC to
88K by November???
What happened after in terms of price movement?
Initial sell off (-16%) in the days immediately following the death cross (algos? twitter?), then BTC rocketed 25% over the same span of days, before more than 2xing over the next 4.5 months...
What would the price be if we followed the same percentage moves?
Initial sell off: Approx Current BTC Price $40,000 - ($40,000 * 0.16) = $33,600
25% rebound: $33,600 * 1.25 = $42,000
Approx 110% move: $42,000 * 2.1 = $88,200
BTC to
88K by November???
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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.
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.