BTC1! BTC CME - 12hr Death Cross

BTC CME Death Cross (50/200ema)

BTCUSD Death Cross occurred 21 May 2021 with a substantial reactionary drop of roughly 26%

Always be prepared for the bear case - it creates opportunity!

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This content is for informational, educational and entertainment purposes only. This is not in any way, shape or form financial or trading advice.

Good luck, happy trading and stay chill,
2degreez

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thanks @permabaer, my gaps in original are off. need sleep or coffee or both...and the indicator

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looks like a repeat of 2017-2018 top

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got the bearish cross and the following dump. all eyes on the daily death cross now. 1078usd separation at time of posting white=50ema/black 200ema)

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dont sleep on 2day charts. 2day 20ema resistance coinbase 34325 and dropping atm

also watching with a little interest the above bearish crossover 50/100ema (white.blue) and watching daily bear cross 100/200ema
if these gains hodl untils sundays fututres open i am looking to short to fill the gap from fridays close

interesting level on bitfinex as well. at a 618fib at 34.2 but also at a key level in covid low uptrend.

zoom out

parallel uptrend channel from pre covid high to covid low - to current ath mid line
-zoom out

line in the sand possibly? lose this level and head for the bottom of this channel. (example cme gap fill 23975) -already lost mid long term uptrend going back to 2014

btc.d inches closer for the move out of the flag

total market cap got the daily 50/200ema death cross

long story short b careful. a lot of charts are at resistance. plan accordingly

not financial advice i am just a shitty goat farmer