Death Cross Happened?
Death cross generally occurs when 50 MA(moving average) crosses below 200 MA. Secondly, It is most likely to happen after price has dropped about 50-70% from its ATH. Both premises are suggesting that market indicates Death cross has taken place toady. What it means for the future is that price will fall 50-70% more in coming months if history repeats itself,which it mostly does. What are your thoughts about it?
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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.