BTCUSD Gravestone Candle + Incoming Deathcross! $6.3k coming!
BTCUSD made a gravestone candle (yes, it's not perfect) yesterday on the daily chart. Furthermore, an incoming MA death cross (20 MA crossing below the 50 MA) is imminent.
The last time a similar candle occurred (imperfect gravestone candle) was in November 2018. After this candle, BTC price halved!
It also coincided with a bearish MA cross (20 crossing below the 50 MA).
A similar drop would put BTC at around $6.5k, which is in-line with the 200 MA!
The last time a similar candle occurred (imperfect gravestone candle) was in November 2018. After this candle, BTC price halved!
It also coincided with a bearish MA cross (20 crossing below the 50 MA).
A similar drop would put BTC at around $6.5k, which is in-line with the 200 MA!
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