Bitcoin: Death cross incoming, unless a miracle happens
Hi traders,
I did not make any update since the last TA i talked about the possibility of a 12h chart death cross incoming.
It seems to be closer and closer to happen.
How did Bitcoin react in 2014 after the first death cross: a value decrease followed by an important bull trap, then another death cross, that plunged the price of Btc under 500$ for almost 1 year.
I am not saying the same fate will happen, as the 2018 peak was not the same value.
But it is honnestly not the best sign ever.
If we have a bull trap after the death cross, this could be interesting.
But i really doubt about the possibility of such an important bull trap, as the 2018 crashing pattern is not the same structure at all than the 2014 pattern for many different reasons; it should logically be very unlikely to happen.
Good luck!
I did not make any update since the last TA i talked about the possibility of a 12h chart death cross incoming.
It seems to be closer and closer to happen.
How did Bitcoin react in 2014 after the first death cross: a value decrease followed by an important bull trap, then another death cross, that plunged the price of Btc under 500$ for almost 1 year.
I am not saying the same fate will happen, as the 2018 peak was not the same value.
But it is honnestly not the best sign ever.
If we have a bull trap after the death cross, this could be interesting.
But i really doubt about the possibility of such an important bull trap, as the 2018 crashing pattern is not the same structure at all than the 2014 pattern for many different reasons; it should logically be very unlikely to happen.
Good luck!
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