BTC gonna go lower than low. Still intact bull trend (july 2017 - now trendline, teal color) has been tested and respected twice. But a death cross and significant resistance above (ichi & multiple trend lines) makes me think at a minimum we see a dip to the 78.6 fib level around $5500 USD, could set up for a double bottom if that capitulation closes back up around $6K. Really hope that's the case. Also really hope we don't fully complete the retrace down to sub $3K btc.
Note, last time we saw a death cross of the 200 & 50 EMA's was august 2014. Didn't get the bearish recross until October 29 2015, 15 months later.
Note, last time we saw a death cross of the 200 & 50 EMA's was august 2014. Didn't get the bearish recross until October 29 2015, 15 months later.