BTC Worst Case Scenario 2021 (Part II)
Just a continuation of previous idea. (Link below)
Now that the death cross is confirmed (on MAs, namely 50 and 200 MAs), I believe the price action I'm guessing is on track. We'll see more downside soon (down to 20K-ish). That, of course, given there is no external influence (Elon's tweet for example).
When shows up, Death cross historically mirrors the pre-death cross price action (which is dropping.) So, we should expect it to go down another 48-50% ish.
Save your ammo for a really big discount on BTC.
Now that the death cross is confirmed (on MAs, namely 50 and 200 MAs), I believe the price action I'm guessing is on track. We'll see more downside soon (down to 20K-ish). That, of course, given there is no external influence (Elon's tweet for example).
When shows up, Death cross historically mirrors the pre-death cross price action (which is dropping.) So, we should expect it to go down another 48-50% ish.
Save your ammo for a really big discount on BTC.
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.