DeathCross
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#GoldenCross and #DeathCross Patterns perfectly explaind by @Crypto Web3 Today !
On the actual example of $SHIB - let's have a look how it performs 🍾🍾🍾
On the actual example of $SHIB - let's have a look how it performs 🍾🍾🍾
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Crypto Web3 Today
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Bullish
Shiba Inu (SHIB) to Reveal Rare Pattern First Time in 2024.
Dog-themed cryptocurrency Shiba Inu (SHIB) is on the brink of revealing a moving average crossover for the first time in the year 2024. With the daily SMAs 50 and 200 poised to converge, the market is keeping a watchful eye out for the formation of either a golden or death cross.
According to TradingView data, SHIB will see its first moving average crossover this year, with the daily simple moving averages (SMA) of 50 and 200 projected to converge within a few days. The last time SHIB experienced a golden cross was in December 2023.
Traders typically use the 50-day and 200- day SMAs to gauge market trends, with crossovers resulting in either a golden cross or a death cross. Golden cross, a bullish pattern, occurs when the 50-day SMA crosses above the 200-day SMA, signaling a potential upswing.
The death cross, on the other hand, is a bearish pattern that occurs when the 50- day SMA crosses below the 200-day SMA, suggesting a possible downtrend.
Golden cross or death cross?
As SHIB approaches this critical juncture, market watchers are keenly observing the behavior of the 50-day and 200-day SMAs. Currently, the 50-day SMA appears to be heading downward, raising the likelihood of a death cross. If this pattern occurs, it could indicate a bearish trend, potentially impacting SHIB's price.
As the scenario unfolds, the daily SMA 50 and SMA 200 will be closely watched for their convergence and subsequent crossover. The nature of the crossover whether it will be a golden cross or a death cross remains uncertain.
As SHIB nears this pattern formation, all eyes are on its price to adjudge the next direction. A death cross formation could usher in the bottoming phase for SHIB. A golden cross might herald a fresh bullish upswing for the SHIB price.
At the time of writing, SHIB was up 2.35% in the last 24 hours to $0.00001744 and up 6.35% weekly.
Dog-themed cryptocurrency Shiba Inu (SHIB) is on the brink of revealing a moving average crossover for the first time in the year 2024. With the daily SMAs 50 and 200 poised to converge, the market is keeping a watchful eye out for the formation of either a golden or death cross.
According to TradingView data, SHIB will see its first moving average crossover this year, with the daily simple moving averages (SMA) of 50 and 200 projected to converge within a few days. The last time SHIB experienced a golden cross was in December 2023.
Traders typically use the 50-day and 200- day SMAs to gauge market trends, with crossovers resulting in either a golden cross or a death cross. Golden cross, a bullish pattern, occurs when the 50-day SMA crosses above the 200-day SMA, signaling a potential upswing.
The death cross, on the other hand, is a bearish pattern that occurs when the 50- day SMA crosses below the 200-day SMA, suggesting a possible downtrend.
Golden cross or death cross?
As SHIB approaches this critical juncture, market watchers are keenly observing the behavior of the 50-day and 200-day SMAs. Currently, the 50-day SMA appears to be heading downward, raising the likelihood of a death cross. If this pattern occurs, it could indicate a bearish trend, potentially impacting SHIB's price.
As the scenario unfolds, the daily SMA 50 and SMA 200 will be closely watched for their convergence and subsequent crossover. The nature of the crossover whether it will be a golden cross or a death cross remains uncertain.
As SHIB nears this pattern formation, all eyes are on its price to adjudge the next direction. A death cross formation could usher in the bottoming phase for SHIB. A golden cross might herald a fresh bullish upswing for the SHIB price.
At the time of writing, SHIB was up 2.35% in the last 24 hours to $0.00001744 and up 6.35% weekly.
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The price of Ethereum (ETH) in relation to Bitcoin (BTC) is approaching a technical formation known as a death cross. Often considered a harbinger of a longer-term bearish impulse, this pattern occurs when the short-term moving average falls below the long-term moving average, indicating a potential major shift in investor sentiment. Historical trends are clear: the impotence of ethers means a lack of fuel also for other alternative cryptocurrencies (altcoins).
Death cross on the ETH/BTC chart
By marking the 50-week simple moving average (SMA) and the 200-week SMA on the ETH/BTC chart (e.g. on TradingView), we will notice that they are close to crossing (from above). This formation, called a "death cross" in the jargon of technical analysts, suggests a period of risk aversion and prolonged, weaker performance of ethers compared to Bitcoin. In practice, this also means bad news for altseason supporters. Why and what does this mean?
Since 2017 or even longer, the cryptocurrency market has been moving quite stably within cycles called "seasons": Bitcoin usually ran north first, and then capital, when BTC ran out of breath, poured into subsequent asset niches. digital due to the growing appetite of speculators and reduced risk aversion. First Ethereum, then layer one blockchains (L1s such as Solana, Polkadot, Cardano), then the rest of the ecosystem and finally memecoins and NFTs. The ETH/BTC pair itself was often a litmus test of the altseason, along with the chart of the so-called Bitcoin (BTC.D) dominance.
This is confirmed by the decline in volume on many coins, poor correlation of coins to BTC, aggressive selling often visible - increases negated by the correction of the entire movement, constant search for new lows.
Another predictor of a future collapse is a massive campaign and promotions encouraging people to buy coins. Whales are looking for suckers to buy very expensive coins. It is a market in which one's profit is the loss of other participants. This is a zero-option game.
#DeathCross $BTC $ETH #Altcoinseason2024
Death cross on the ETH/BTC chart
By marking the 50-week simple moving average (SMA) and the 200-week SMA on the ETH/BTC chart (e.g. on TradingView), we will notice that they are close to crossing (from above). This formation, called a "death cross" in the jargon of technical analysts, suggests a period of risk aversion and prolonged, weaker performance of ethers compared to Bitcoin. In practice, this also means bad news for altseason supporters. Why and what does this mean?
Since 2017 or even longer, the cryptocurrency market has been moving quite stably within cycles called "seasons": Bitcoin usually ran north first, and then capital, when BTC ran out of breath, poured into subsequent asset niches. digital due to the growing appetite of speculators and reduced risk aversion. First Ethereum, then layer one blockchains (L1s such as Solana, Polkadot, Cardano), then the rest of the ecosystem and finally memecoins and NFTs. The ETH/BTC pair itself was often a litmus test of the altseason, along with the chart of the so-called Bitcoin (BTC.D) dominance.
This is confirmed by the decline in volume on many coins, poor correlation of coins to BTC, aggressive selling often visible - increases negated by the correction of the entire movement, constant search for new lows.
Another predictor of a future collapse is a massive campaign and promotions encouraging people to buy coins. Whales are looking for suckers to buy very expensive coins. It is a market in which one's profit is the loss of other participants. This is a zero-option game.
#DeathCross $BTC $ETH #Altcoinseason2024
long-term we know Bitcoin will 100000$
but short term its look bearish
#DeathCross
50Day MA To cut 200day MA
may some dump come
but short term its look bearish
#DeathCross
50Day MA To cut 200day MA
may some dump come
“Bitcoin’s Crossroads: Death Cross vs. Golden Cross 🚀💥”
Bitcoin just hit its first Death Cross of 2024, a key technical signal that could spell bearish momentum ahead. But will history repeat itself like in 2023, where a Golden Cross quickly followed, leading to a massive rally? With BTC rebounding past $61,000, the next move could be crucial! Is Bitcoin headed for new highs or a consolidation phase? Stay tuned and trade smart!
now long is vert risky
wait for daily closing above 200 MA
may it take time too much High resistance area
#Bitcoin❗
#DeathCross
wait for daily closing above 200 MA
may it take time too much High resistance area
#Bitcoin❗
#DeathCross
Death cross continues to hang over Bitcoin
Bitcoin fell 5.2% last week to close at $22,400. #Ethereum lost 4.4% to $1570. Other leading altcoins in the top 10 fell between 2.9% (XRP) and 11.5% (Polygon). The total capitalisation of the crypto market fell 5% over the week to $1.03 trillion, according to CoinMarketCap.
Bitcoin's most significant drop last week came on Friday amid reports of the possible bankruptcy of Silvergate, a bank that services major cryptocurrency companies. The bank announced the closure of its cryptocurrency payment service.
While #BTCUSDT has held up during furious sellers' attacks, it is in no hurry to bounce back from the bottom. Technically, the 50-week moving average continues to act as a valid resistance from which the selling intensifies. The #DeathCross Cross formed on the weekly timeframe makes for a cautious view of the near-term outlook and keeps the potential for a return to the $16.3-18.0 level.
News background
According to media reports, global giant market-maker Citadel Securities plans to increase its stake in Silvergate Bank to help it out of its liquidity crisis. Other rumours suggest that Wells Fargo is a potential buyer.
SEC chief Gary Gensler has warned cryptocurrency exchanges against failing to comply with custodian status. He said that if an exchange collapses, "customer funds often become the property of the bankrupt entity".
Brad Garlinghouse, CEO of #Ripple , said that more and more cryptocurrency and fintech companies are leaving the US, which is stifling innovation in the country. Around 300 payment providers from 45 countries believe blockchain and cryptocurrencies can improve traditional finance, according to a survey conducted by Ripple.
The UK's Nationwide Building Society and #HSBC have imposed restrictions on card purchases of cryptocurrencies.
Bitcoin's most significant drop last week came on Friday amid reports of the possible bankruptcy of Silvergate, a bank that services major cryptocurrency companies. The bank announced the closure of its cryptocurrency payment service.
While #BTCUSDT has held up during furious sellers' attacks, it is in no hurry to bounce back from the bottom. Technically, the 50-week moving average continues to act as a valid resistance from which the selling intensifies. The #DeathCross Cross formed on the weekly timeframe makes for a cautious view of the near-term outlook and keeps the potential for a return to the $16.3-18.0 level.
News background
According to media reports, global giant market-maker Citadel Securities plans to increase its stake in Silvergate Bank to help it out of its liquidity crisis. Other rumours suggest that Wells Fargo is a potential buyer.
SEC chief Gary Gensler has warned cryptocurrency exchanges against failing to comply with custodian status. He said that if an exchange collapses, "customer funds often become the property of the bankrupt entity".
Brad Garlinghouse, CEO of #Ripple , said that more and more cryptocurrency and fintech companies are leaving the US, which is stifling innovation in the country. Around 300 payment providers from 45 countries believe blockchain and cryptocurrencies can improve traditional finance, according to a survey conducted by Ripple.
The UK's Nationwide Building Society and #HSBC have imposed restrictions on card purchases of cryptocurrencies.
$BTC Death cross on daily time frame, looks like will be another dump in a coming days. 40k soon? Beware guys
#DeathCross #CryptoCrash #DumpandDump
#DeathCross #CryptoCrash #DumpandDump
$BTC deatch cross. Currently traded below ma 200 and keep pushing down. 45k soon?
#DeathCross #CryptoCrash
#DeathCross #CryptoCrash
Today #BTC update.
Top Down Approach.
on 4hour Time frame we have EMA200 Resistance which is huge and needs to close above it.
on 1Day time frame MA200 death cross happens and BTC failed to close above it. #
REMEMBER that EMA AND MA BOTH are important.
on EMA200 DAILY time frame BTC closes above it which is good sign.
As the CME gap from previous week is filled. BTC is trying to give a close above 62k.
#CryptoMarketMoves
#DeathCross
#Marketupdates
Top Down Approach.
on 4hour Time frame we have EMA200 Resistance which is huge and needs to close above it.
on 1Day time frame MA200 death cross happens and BTC failed to close above it. #
REMEMBER that EMA AND MA BOTH are important.
on EMA200 DAILY time frame BTC closes above it which is good sign.
As the CME gap from previous week is filled. BTC is trying to give a close above 62k.
#CryptoMarketMoves
#DeathCross
#Marketupdates
#BTC analysis today based on Ema200 & MA200.
when the Technical analysis makes you furious and nothing seems to actually works, then you should use your other confluences in your Arsenal.
Well, yesterday i told you that BTC is trading below the #DeathCross which is MA50 AND MA200 cross on 1Day timeframe.
open the Chart, you can see when CPI data come and everyone was Bullish, i used MA50 AND MA200 To open the short position right from the rejection area.
Today we have BTC below both important moving averages.
#technical_analysis is having more than one indicators and tricks to work out.
when one indicator confuse me in market then i use other indicator.
Trade wisely.
#EMA200
#MA200
when the Technical analysis makes you furious and nothing seems to actually works, then you should use your other confluences in your Arsenal.
Well, yesterday i told you that BTC is trading below the #DeathCross which is MA50 AND MA200 cross on 1Day timeframe.
open the Chart, you can see when CPI data come and everyone was Bullish, i used MA50 AND MA200 To open the short position right from the rejection area.
Today we have BTC below both important moving averages.
#technical_analysis is having more than one indicators and tricks to work out.
when one indicator confuse me in market then i use other indicator.
Trade wisely.
#EMA200
#MA200
Already Told You in Morning #bitcoin☀️test $58455
Now it’s Trading Near $58500 🚨
Monday Morning Price Will recover Till $61350/$61750
Death Crosse Effect !!
#DeathCross #TONonBinance #XRPVictory #BlackRockETHOptions #MarketDownturn
Now it’s Trading Near $58500 🚨
Monday Morning Price Will recover Till $61350/$61750
Death Crosse Effect !!
#DeathCross #TONonBinance #XRPVictory #BlackRockETHOptions #MarketDownturn
LIVECrypto_Crest_Ambrish
--
Bearish
#bitcoin☀️trading between $60K to $61K
So what come First ??
$62350 ✅
$58455 ✔️
I’m bearish Today !! What about you guys !
#TONonBinance #XRPVictory #MarketDownturn #BlackRockETHOptions #SahmRule
So what come First ??
$62350 ✅
$58455 ✔️
I’m bearish Today !! What about you guys !
#TONonBinance #XRPVictory #MarketDownturn #BlackRockETHOptions #SahmRule
### 🚨 Bitcoin Faces Death Cross — What’s Next for BTC? 🚨
Bitcoin (BTC) might be bracing for a rough ride ahead as a potential death cross looms on the horizon. This technical pattern could spell trouble for BTC, historically signaling increased volatility and market fear.
**What is a Death Cross?**
A death cross occurs when the 50-day Simple Moving Average (SMA) dips below the 200-day SMA. Currently, BTC is trading at $59,597, with its 50-day SMA at $62,488, heading towards a crossover with the 200-day SMA at $61,664. This pattern has previously indicated bearish trends, suggesting BTC could face a deeper decline in the short term.
**Historical Context:**
The last death cross Bitcoin encountered was in September 2023, one of its most bearish months. Despite this, BTC rebounded spectacularly, surging nearly 200% to a new all-time high. While past performance doesn’t guarantee future results, it highlights the potential for significant recovery post-bearish phases.
**Current Outlook:**
QCP Capital advises traders to monitor macroeconomic indicators such as Nasdaq, Nikkei, and USDJPY for clues on market direction. They recommend focusing on longer-term bullish strategies, given the high volatility and the potential for further short-term selling pressure.
As Bitcoin navigates this challenging period, staying informed and considering long-term investment strategies could be key to weathering the storm.
#CryptoTrading #MarketAnalysis #DeathCross #Binance #LongTermStrategy
Bitcoin (BTC) might be bracing for a rough ride ahead as a potential death cross looms on the horizon. This technical pattern could spell trouble for BTC, historically signaling increased volatility and market fear.
**What is a Death Cross?**
A death cross occurs when the 50-day Simple Moving Average (SMA) dips below the 200-day SMA. Currently, BTC is trading at $59,597, with its 50-day SMA at $62,488, heading towards a crossover with the 200-day SMA at $61,664. This pattern has previously indicated bearish trends, suggesting BTC could face a deeper decline in the short term.
**Historical Context:**
The last death cross Bitcoin encountered was in September 2023, one of its most bearish months. Despite this, BTC rebounded spectacularly, surging nearly 200% to a new all-time high. While past performance doesn’t guarantee future results, it highlights the potential for significant recovery post-bearish phases.
**Current Outlook:**
QCP Capital advises traders to monitor macroeconomic indicators such as Nasdaq, Nikkei, and USDJPY for clues on market direction. They recommend focusing on longer-term bullish strategies, given the high volatility and the potential for further short-term selling pressure.
As Bitcoin navigates this challenging period, staying informed and considering long-term investment strategies could be key to weathering the storm.
#CryptoTrading #MarketAnalysis #DeathCross #Binance #LongTermStrategy
#BTC☀
#DeathCross
#urgent
Urgent Update
as i told you in previous analysis that BTC is bearish, Also the MA supports turned into RESISTANCE.
Now if you open the chart and closely Look at the MA200 and MA50, they are now strong resistance on big TFs, not easy to Break in short time. Another Dead cross is forming on MA25 and these two MAs, which is not good for market. 2 days ago CPI data pump was rejected at MA50 And MA200.
you can see in the given chart too.
Weekend can lead us to 54 and 52k liquidity pool. in next Post i will show you Liquidity Heatmap too.
a cloose above 58400 today on 4hr or above TF is good for market.
#DeathCross
#urgent
Urgent Update
as i told you in previous analysis that BTC is bearish, Also the MA supports turned into RESISTANCE.
Now if you open the chart and closely Look at the MA200 and MA50, they are now strong resistance on big TFs, not easy to Break in short time. Another Dead cross is forming on MA25 and these two MAs, which is not good for market. 2 days ago CPI data pump was rejected at MA50 And MA200.
you can see in the given chart too.
Weekend can lead us to 54 and 52k liquidity pool. in next Post i will show you Liquidity Heatmap too.
a cloose above 58400 today on 4hr or above TF is good for market.
#Bitcoin Daily Chart Analysis - Towards Death Cross
Bitcoin, might be on track for its major "#DeathCross " in 2023 into September upto next week.
Bitcoin's daily chart is set to print what is regarded as a "death cross," a #BearishZone chart pattern, for the first time since January 2022. Notably, this would be the first occurrence of this type on the daily chart in 2023, with the weekly chart painting a death cross earlier this year in February 2023.
WHAT IS DEATH CROSS?
Bitcoin's daily moving MA 50 is set to cross beneath its moving average MA 200, which would yield the dreaded 'death cross' pattern.
It should be recalled that Bitcoin painted a #GoldenCross on its daily chart in February of this year, preceding its rise to highs above $31,000 in April.
Bitcoin's death cross is expected to occur in the coming days but probably next week, and analysts are already paying keen attention to the impending crossover, indicates the deep BearishZone.
Death crosses, on the other hand, should not be considered an ultimate signal, as some experts refer to them as a lagging indicator. Furthermore, experience has shown that the Bitcoin death cross is unreliable as a solo signal.
Bitcoin extended its declines after the Securities and Exchange Commission delayed its decision on all spot Bitcoin Exchange Traded Fund (ETF) applications.
Today, $BTC fell to lows of $25,528 last seen in mid-June of this year before slightly rebounding.
At the posting time,
$BTC was marginally down - 0.44% in the last 24 hours to $25,675
Always DYOR and Trade wisely by using of Stoploss
#BinanceTournament
Bitcoin, might be on track for its major "#DeathCross " in 2023 into September upto next week.
Bitcoin's daily chart is set to print what is regarded as a "death cross," a #BearishZone chart pattern, for the first time since January 2022. Notably, this would be the first occurrence of this type on the daily chart in 2023, with the weekly chart painting a death cross earlier this year in February 2023.
WHAT IS DEATH CROSS?
Bitcoin's daily moving MA 50 is set to cross beneath its moving average MA 200, which would yield the dreaded 'death cross' pattern.
It should be recalled that Bitcoin painted a #GoldenCross on its daily chart in February of this year, preceding its rise to highs above $31,000 in April.
Bitcoin's death cross is expected to occur in the coming days but probably next week, and analysts are already paying keen attention to the impending crossover, indicates the deep BearishZone.
Death crosses, on the other hand, should not be considered an ultimate signal, as some experts refer to them as a lagging indicator. Furthermore, experience has shown that the Bitcoin death cross is unreliable as a solo signal.
Bitcoin extended its declines after the Securities and Exchange Commission delayed its decision on all spot Bitcoin Exchange Traded Fund (ETF) applications.
Today, $BTC fell to lows of $25,528 last seen in mid-June of this year before slightly rebounding.
At the posting time,
$BTC was marginally down - 0.44% in the last 24 hours to $25,675
Always DYOR and Trade wisely by using of Stoploss
#BinanceTournament
⚠️ Ripple (XRP) Investors Beware: "Death Cross" Approaching! 📉
$XRP
#Ripple💰 is flashing bearish signals, with the formation of the ominous "Death Cross" on its price chart. According to price analysis by UToday, XRP has fallen below both the 50-day and 200-day moving averages, creating a bearish pattern that could spell trouble for investors.
🔎 What’s Happening?
A "Death Cross" occurs when the 50-day moving average dips below the 200-day moving average. Historically, this has led to significant price drops when paired with other bearish indicators. Currently, XRP is trading at $0.55, struggling to hold support levels. Should this formation complete, analysts warn that XRP could fall below $0.50.
🚨 Key Insights:
Bearish Signal: The Death Cross is forming, indicating potential downward pressure.
Price Outlook: XRP could drop below $0.50 if selling pressure increases.
Regulatory Challenges: XRP remains in a legal battle with the SEC, adding more uncertainty to its future.
💡 Investor Caution:
Ripple Labs, the company behind XRP, is facing legal hurdles, recently requesting the court to delay a major payment. The ongoing regulatory battle is a significant factor in the token’s instability.
As the cryptocurrency market remains volatile, experts advise XRP holders to exercise caution as this bearish signal could lead to further declines. Stay updated and tread carefully in the current market conditions.
#XRPBEARISH #DeathCross #CryptoAnalysisUpdate #RippleLabs
💜 Like | 🗣 Share | 💬 Comment | 🤝 Follow for more updates!
$XRP
#Ripple💰 is flashing bearish signals, with the formation of the ominous "Death Cross" on its price chart. According to price analysis by UToday, XRP has fallen below both the 50-day and 200-day moving averages, creating a bearish pattern that could spell trouble for investors.
🔎 What’s Happening?
A "Death Cross" occurs when the 50-day moving average dips below the 200-day moving average. Historically, this has led to significant price drops when paired with other bearish indicators. Currently, XRP is trading at $0.55, struggling to hold support levels. Should this formation complete, analysts warn that XRP could fall below $0.50.
🚨 Key Insights:
Bearish Signal: The Death Cross is forming, indicating potential downward pressure.
Price Outlook: XRP could drop below $0.50 if selling pressure increases.
Regulatory Challenges: XRP remains in a legal battle with the SEC, adding more uncertainty to its future.
💡 Investor Caution:
Ripple Labs, the company behind XRP, is facing legal hurdles, recently requesting the court to delay a major payment. The ongoing regulatory battle is a significant factor in the token’s instability.
As the cryptocurrency market remains volatile, experts advise XRP holders to exercise caution as this bearish signal could lead to further declines. Stay updated and tread carefully in the current market conditions.
#XRPBEARISH #DeathCross #CryptoAnalysisUpdate #RippleLabs
💜 Like | 🗣 Share | 💬 Comment | 🤝 Follow for more updates!
#BearishAlert #DeathCross
Another Dump Expected in BTC$BTC
I have already alert in morning that market is not looking good and BTC took rejection many times at 72000. we are ignoring the dump.
well in picture you can see 4H Death cross is awaiting for another Dump and BTC successfully retest the resistance for further down.
I suggest do not take any Long till dust settle down.
#Write2Earn! #AirdropGuide #ETHETFsApproved
Another Dump Expected in BTC$BTC
I have already alert in morning that market is not looking good and BTC took rejection many times at 72000. we are ignoring the dump.
well in picture you can see 4H Death cross is awaiting for another Dump and BTC successfully retest the resistance for further down.
I suggest do not take any Long till dust settle down.
#Write2Earn! #AirdropGuide #ETHETFsApproved
#BITCOIN Daily Chart Analysis
As per daily chart pattern moves, estimated #DeathCross will be happening up to 12-15 September and if it will be happening then Market goes in Deep #BearishZone for next 70-100 days and Bullish Trend will be starts very late around 15-25 Nov. 2023, but #Altcoins starts to performing well here.
A "death cross" occurs when the 50-day moving average (50MA) crosses under the 200-day moving average (200MA), it's opposite to "golden cross" . It's always a very big bearish sign, that indicates the market may be heading toward a longer-term of downtrend or bear market.
Always DYOR before investing in Crypto-Currency in this Volatile situation, and Trade wisely by using StopLoss.... It's a NFA.
and,
Must LIKE, SHARE, FOLLOW to COMMENTs here with your views on it...🙏
#BinanceTournament
As per daily chart pattern moves, estimated #DeathCross will be happening up to 12-15 September and if it will be happening then Market goes in Deep #BearishZone for next 70-100 days and Bullish Trend will be starts very late around 15-25 Nov. 2023, but #Altcoins starts to performing well here.
A "death cross" occurs when the 50-day moving average (50MA) crosses under the 200-day moving average (200MA), it's opposite to "golden cross" . It's always a very big bearish sign, that indicates the market may be heading toward a longer-term of downtrend or bear market.
Always DYOR before investing in Crypto-Currency in this Volatile situation, and Trade wisely by using StopLoss.... It's a NFA.
and,
Must LIKE, SHARE, FOLLOW to COMMENTs here with your views on it...🙏
#BinanceTournament
