Btc continues to decline and some people seems to forgot what the defenition of bear market is. How to know if this is a bear market? 50MA goes below 200MA and price is below 200MA. Simple rules right? Usually it works for 1D charts. And what about 3D charts?
Bigger timeframe = less false signals. And we about to have our 3rd death cross somewhere in the middle of May. Are you ready? As I said earlier it's not the best time to hold btc and other crypto as well. Maybe this time would be different? Maybe, but I would not ignore such thing.
Here is what happend after the death cross in 2014 - 55% decline
And this is 2018. Quite noticable corrections right?
Are we going to get another -50% dicount? Summer is going to be hot 😈
Bigger timeframe = less false signals. And we about to have our 3rd death cross somewhere in the middle of May. Are you ready? As I said earlier it's not the best time to hold btc and other crypto as well. Maybe this time would be different? Maybe, but I would not ignore such thing.
Here is what happend after the death cross in 2014 - 55% decline
And this is 2018. Quite noticable corrections right?
Are we going to get another -50% dicount? Summer is going to be hot 😈
