As expected by many technical analysts the 200 MA has crossed below the 50 MA on a Daily chart, which confirms the Death Cross signalling the possibility of the beginning of a bear market. At the time of writing this analysis, BTC is testing again it’s major support level between $29,000 and $30,000. As mentioned … Read more
These last couple of days have been quite bearish for BTC/USD. Many analysts have been extremely outspoken about the death cross (situation when 50 Moving Average crosses below the 200 Moving Average) Apparently for some chart analysts this has already happened, yet here when we use Exponential Moving Averages (which officially should be used) we … Read more
We all know about the meteoric rise of Bitcoin price in October 2017 and even though many of us hoped it was the beginning of a new and fairer world, the markets have proven once more that what goes up must eventually come down. Unfortunately, many good people have lost a lot of money. Some … Read more