Death Cross bear cycle - ~$20k target
Hate to break the news but it's pretty simple. Every single MACD death cross has been met with a bear cycle of downward pressure lasting approx 5 months. Lots of external negative news to push pressure down. Target should be 20k which is high of last bull cycle.
Note
Sooo, yep, it happened. Getting closer and closer to the ~20k buying opportunity where I would say the floor is.Trade closed: target reached
Target reached
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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.