The last time we had a Bitcoin death cross on the 12 hour chart was on 16 March 2020, BTC made a low of 4435.
In hindsight, this has provided a great buying opportunity from a risk to reward strategy.
Could history repeated itself?
Definition of a "death cross".
The death cross is a technical chart pattern indicating the potential for a major sell-off. The death cross appears on a chart when a stock's short-term moving average crosses below its long-term moving average. Typically, the most common moving averages used in this pattern are the 50-day and 200-day moving averages.
Also, in my previous Bitcoin post,
I mentioned we could see Bitcoin at 70k or 42k.
it looks like Bitcoin went to 42k first.
In hindsight, this has provided a great buying opportunity from a risk to reward strategy.
Could history repeated itself?
Definition of a "death cross".
The death cross is a technical chart pattern indicating the potential for a major sell-off. The death cross appears on a chart when a stock's short-term moving average crosses below its long-term moving average. Typically, the most common moving averages used in this pattern are the 50-day and 200-day moving averages.
Also, in my previous Bitcoin post,
I mentioned we could see Bitcoin at 70k or 42k.
it looks like Bitcoin went to 42k first.
