Bitcoin "Death Cross" could mean it's heading south
Posted: Thu Jun 03, 2021 7:44 pm
Bitcoin "Death Cross" could mean it's heading south
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:
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
What do you chaps think? Will Bitcoin head south?
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
What do you chaps think? Will Bitcoin head south?
