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So we're coming across a big point with BTC. The fabled Death Cross. The opposite of a Golden Cross, this is when the EMA 50 drops below the EMA 200 indicating a longer term bearish cycle. Much like the golden cross its just another indicator. Its not the end of the world but from a sentiment point of view it isn't great. It is something we do need to watch because the entire market is watching it.
So we're coming across a big point with BTC. The fabled Death Cross. The opposite of a Golden Cross, this is when the EMA 50 drops below the EMA 200 indicating a longer term bearish cycle. Much like the golden cross its just another indicator. Its not the end of the world but from a sentiment point of view it isn't great. It is something we do need to watch because the entire market is watching it.
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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.