Well as one can see we have had 2 previous occasions since January 2018 where the 4 hour 50 EMA has crossed BOTH the 200 MA and 200 EMA and on both of these occasions the result was significant downside ahead. Will the pattern repeat ? Please bear in mind we are only working with 2 examples during this current bear market and therefore a cross can not be seen as concrete proof that we will trend lower. What do you guys think ? Will we even complete the cross of both moving averages or will bitcoin pull itself out of this downtrend and prevent a double death cross? If the death cross does happen, will we go lower or will be buck the trend? Please leave your comments below!
All the best,
Red Boar
All the best,
Red Boar
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update
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One last look at the 12 hour
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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.