Death Cross Confirmed. Yet so far bullish price action.
We have seen a nice bullsih climb so far as the new 1 day candle despite the Death Cross also officially occuring has opened which could be one of 2 things....the anticipation of the Death Cross triggered so much selling leading up to it that by the time it actually got here the bears have been completely exhausted, or that bullish momentum is a bear trap. For now I'm going short, and trying to sell as high on the bull momentuma as I can...I personally believe the death cross will not be nearly as bad as some previous death crosses but my own little theory is we may see a horrible april fools drop only to shoot back up on april 2nd the very next day....I'm thinking a some sort of bearish doomsday crypto april fools scenario is likely, and then on April 2nd we see a huge bull surge which in turn creates a golden cross and kickstarts the market. This is just a theory, who knows whether or not it will pan out...I don't reccomend anyone take this theory as gospel but it would be rather amusing to me if it does pan out that way...so for now I remain temporarily short....we will see if it ends up biting me in the end. I still an ticipate we could drop as low as the low we had in february and create a massive double bottom that would springboard us back into a mega bull run but fornow that is completely hypothetical...and for now I remain shor on the short term...good luck out there.
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