Bitcoin 2D Golden/Death Crosses
Bitcoin 2D (Golden/Death) Crosses case study shows that after these crosses, price action will test one or more EMAs to confirm the cross and Bots & Algos.
Will it happen again this time?
With every 2D Candle close, the momentum between EMA200 and EMA55 becomes stronger to the downside.
Meanwhile, Bitcoin could test the 2 EMAs but the change of behavior is when a candle closes above EMA200.
So as long as BTC is below EMA21, I am Bearish. but if a candle closes above EMA200 ( fake the death cross ) - based on PriceAction - I become Neutral or Bullish.
Will it happen again this time?
With every 2D Candle close, the momentum between EMA200 and EMA55 becomes stronger to the downside.
Meanwhile, Bitcoin could test the 2 EMAs but the change of behavior is when a candle closes above EMA200.
So as long as BTC is below EMA21, I am Bearish. but if a candle closes above EMA200 ( fake the death cross ) - based on PriceAction - I become Neutral or Bullish.
Without Risk and Position Management, You WILL Lose Money.
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