This is a double overlapping of when the 50ma and the 200ma crossed at almost the same exact point we are at now back in 2014 and you can see where it went from there. Not saying this will happen, but if our support can't hold where we are at right now then it is probably not avoidable.
Note
You can scroll this chart all the way back to 2014 and see for yourself where the cross happened BTW.Note
As petrreo pointed out lets see another scenarios from the past. This is in 2012 around the same time frame and these were the results. After this golden cross they did not cross again until 2014. The immediate golden cross actually caused a bullish move with no rebounding deathcross.Note
Here is from 2015, but different time frame and I would say very different pattern. Nonetheless, here were the results: Golden Cross went bull with no rebound deathcross.Note
I am seeing some resemblance here. I personally do not want BTC to start going up too fast right now. If it continues to follow this chart and actually hits 11,800 by May then I would start to worry that this chart might come true because we could get a rebounded death cross. Just something to watch for is all.
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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.