Bitcoin: Death Cross, Real or Not

Updated

How real is BTC death cross is a question to ponder. Just thought to share this upfront. Typically, after such a major pullback and 70% decline in price, BTC rises progressively. However, it also has a tendency to go down towards the earlier support level that set the consolidation phase. At present this level is $6000. Should BTC drop again to this level, the death cross might have already happened. At present, the traded volume for BTC remained on the lower side. That has to increase to keep the momentum on going. So far, BTC remains bullish on 100D/200D scale.

cryptoshort4u.blogspot.nl/2018/03/bitcoin-how-realistic-death-cross-is.html

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BTC on 1D is approaching the death cross. Should be careful around those times.

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The trend following dashed lines clearly show that the price has been beautifully manipulated to increase the sell pressure. BTC stopped following a rapid drop as annotated instead the SMA50d is nearly running parallel to SMA200d. Suggesting that the cross is either delaying or will not happen.

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In fact it happened. Moving Average Channel (MAC) in TV doesn't show it as the actual moving average curve does. Thus, here is the correct chart:

Trade closed: target reached

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Thus, my prediction remains valid. Now we eye at 88.9% retracement.

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