The death cross is when the 50 day moving average crossed DOWN through the 200 day moving average. In this chart you can see this has happened 6 times. Here were the results after each death cross.
Date Percentage loss Days
4/9/14 18% 1
9/4/14 62% 132
9/14/15 2% 7
3/31/18 54% 260
10/26/19 48% 139
4/12/20 12% 4
3 out of the six time the lowest Bitcoin got from the death cross was less than 20% and with in the first week then it recovered.
The other 3 times it lost over 40% from the death cross and it took over 130 days to reach the low.
Moral of the story is if we do hit anther death cross we have a 50/50 chance of it not being a big deal. But if we do end up in a bear trend it might be a good time to think about HODLing for another year.
What does everyone else think?
~@Controllinghand
@HODLhands
Date Percentage loss Days
4/9/14 18% 1
9/4/14 62% 132
9/14/15 2% 7
3/31/18 54% 260
10/26/19 48% 139
4/12/20 12% 4
3 out of the six time the lowest Bitcoin got from the death cross was less than 20% and with in the first week then it recovered.
The other 3 times it lost over 40% from the death cross and it took over 130 days to reach the low.
Moral of the story is if we do hit anther death cross we have a 50/50 chance of it not being a big deal. But if we do end up in a bear trend it might be a good time to think about HODLing for another year.
What does everyone else think?
~@Controllinghand
@HODLhands
