TradingView
sunilchoudhary1370
Jun 4, 2021 11:04 AM

BTC death cross (EMA 50 v EMA 200 convergence) ? Long

Bitcoin / United States DollarCoinbase

Description

BTC death cross (EMA 50 v EMA 200 convergence) ?
Comments
B_Rabbit
The cross is likely to happen by 16th-17th July.
There is a delay after every death cross. Historically, it took the following days after a crossover for the market to take a dip-
1st cross- 35 days
2nd cross- 2 days (minor fall in the prices)

I'm just eyeballing it, the dip could happen anywhere between 15- 40 days then after the cross takes place.

An 80% drop would mean were below 10k

EDIT- removed some speculative dates
substantialFer60710
What is this means
sunilchoudhary1370
@substantialFer60710, this mean if 50 EMA and 200 EMA crossover happen, btc will fall another 50-70% which put Bitcoin between 11k to 20k
More