BTC - HOW SEVERE IS LOCAL DEATH CROSS? - CryptoManiac101
BTC / USD TA
We are looking at local death cross. Worst case scenario would be $8,800 zone for us however that may not happen at all. Trend is overall bullish and directional longs should stay up. As seen from fractal of 2017 bull run, we had similar pattern back then however at time of MA cross, we've already found local bottom which proceeded by sideways accumulation for few days.
Putting up short right now is risky, but hedging them might be just the thing to do if you know what you're doing.
We are looking at local death cross. Worst case scenario would be $8,800 zone for us however that may not happen at all. Trend is overall bullish and directional longs should stay up. As seen from fractal of 2017 bull run, we had similar pattern back then however at time of MA cross, we've already found local bottom which proceeded by sideways accumulation for few days.
Putting up short right now is risky, but hedging them might be just the thing to do if you know what you're doing.
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