BitcoinShort
BTCUSD: Dont Miss This Double Death Cross On The Hourly
Updated
Within the next 3 to 4 hours both the 50 hourly and 100 hourly moving averages are going to cross below the 200 hourly moving average.
In stocks we usually look at the 1 day chart (50-100 ma) for a death cross but given bitcoin's wild volatility we need to move down into lower time frames to be accurate. hence the 1 hour time frame.
This could potentially trigger a larger sell off.
In stocks we usually look at the 1 day chart (50-100 ma) for a death cross but given bitcoin's wild volatility we need to move down into lower time frames to be accurate. hence the 1 hour time frame.
This could potentially trigger a larger sell off.
Trade active
The last time the 100 hour moving average crossed below the 200 hour moving average (June 3rd 2019) bitcoin proceeded to fall 15% over the following 2 days.Trade active
Trade closed: target reached
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