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IndicatorBitcoin "Death Cross" could mean it's heading south

1 by ChuChu Rocket
Bitcoin "Death Cross" could mean it's heading south

bitcoin-death-cross-june-3-2021.jpg

Newbie crypto "analysts" are losing their shit over the apparent "Death Cross" that's been presented by Bitcoin on the Daily charts.

Above we see an example of a chart displaying the Simple Moving Averages of:

  • 50 Simple Moving Average
  • 100 Simple Moving Average

Which Crypto traders are calling a "Death Cross".

Traditionally, death crosses are 100 SMA crossing a 200 SMA (and the other way around), so I'm not entirely sure where this new 50 SMA and 100 SMA version came from, but who knows :eh:

What do you chaps think? Will Bitcoin head south? :lmao:
These users thanked the author ChuChu Rocket for the post:
vvFish

Re: Bitcoin "Death Cross" could mean it's heading south

3 by vvFish
ChuChu Rocket wrote: Thu Jun 03, 2021 7:44 pm Bitcoin "Death Cross" could mean it's heading south


bitcoin-death-cross-june-3-2021.jpg


Newbie crypto "analysts" are losing their shit over the apparent "Death Cross" that's been presented by Bitcoin on the Daily charts.

Above we see an example of a chart displaying the Simple Moving Averages of:

  • 50 Simple Moving Average
  • 100 Simple Moving Average

Which Crypto traders are calling a "Death Cross".

Traditionally, death crosses are 100 SMA crossing a 200 SMA (and the other way around), so I'm not entirely sure where this new 50 SMA and 100 SMA version came from, but who knows :eh:

What do you chaps think? Will Bitcoin head south? :lmao:
;)
Screenshot_224.png
Possible bullish trend.
These users thanked the author vvFish for the post (total 2):
Chickenspicy, Jedidiah
"Only the price on the chart can show the entrance to the deal..."

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