The #BTC Death Cross is a potential scenario worth bearing in mind - When $BTC peaked in June 2019, the price had already dropped by -53% before the Death Cross Once the Death Cross happened, #BTC retraced an extra -55% before bottoming in early 2020 When $BTC peaked in 2017, the price had dropped -70% before the Death Cross Once the Death Cross happened though, #Bitcoin retraced an extra -65% before bottoming in late 2018 Very similar retracement periods prior to and after the Death Crossover "Once #BTC performs a Death Cross, there tends to be a similar retrace to the retrace that preceded the crossover" At this rate, the DC will occur later this month So what could happen when #BTC performs its upcoming Death Cross? Since $BTC has crashed -54% already... BTC could crash an extra -54%, should the historical symmetry hold This would result in a ~$18,000 #Bitcoin That being said, it's important to understand that the DC is only one signal. If a DC occurs then #BTC would need to breakdown from two crucial support areas to validate it. It's not an individual financial advice #Crypto #alt #trading
About us
A market enthusiast here to assist you through market moves and to show real market trends enabling you to take the righteous move. Realtime crypto-exchange, crypto, and blockchain updates with confident technical analysis of trends by experts all that you needed; one spot we also provide short-term on-demand technical analysis of any commodity and stock including gold, crude, metals, cryptos, and even stocks. but not as personal financial advice #trading #technical-Analysis #market #cryptocurrency #crypto #eth
- Industry
- Financial Services
- Company size
- 2-10 employees
- Headquarters
- Delhi
- Type
- Privately Held
- Specialties
- trading, cryptocurrency , crypto, Technical Analysis, Market analysis , analyst , stock market , commodity , and future contracts
Locations
-
Primary
Get directions
Delhi, IN