For the first time on a Weekly chart, BTC is facing a Dearth Cross on the 50 SMA ( red) and the 200 ( Yellow)
Chart also Shows that the 50SMA is starting to lift off projected path towards the Death Cross
This has never happened on a BTC chart before and I do not see how it can be avoided now
BTC has ignored these on a daily- Jun '21 for instance, Where PA continued on a slight downhill but then climbed rapidly to a New ATH
All depends on sentiment when this happens and, to many extents, May urge Bulls to pick up the pace
Either way, I do not See PA plunging as a result but it is a wise idea t know thisis happening and understand what may happen as a result
Chart also Shows that the 50SMA is starting to lift off projected path towards the Death Cross
This has never happened on a BTC chart before and I do not see how it can be avoided now
BTC has ignored these on a daily- Jun '21 for instance, Where PA continued on a slight downhill but then climbed rapidly to a New ATH
All depends on sentiment when this happens and, to many extents, May urge Bulls to pick up the pace
Either way, I do not See PA plunging as a result but it is a wise idea t know thisis happening and understand what may happen as a result
Nothing to be taken as Financial advice.
I will always say
"Only invest what you can afford to loose. When you are ready, take out your original investment. This way, it is only your profit that is at risk"
THAT is Financial advice
I will always say
"Only invest what you can afford to loose. When you are ready, take out your original investment. This way, it is only your profit that is at risk"
THAT is Financial advice
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Nothing to be taken as Financial advice.
I will always say
"Only invest what you can afford to loose. When you are ready, take out your original investment. This way, it is only your profit that is at risk"
THAT is Financial advice
I will always say
"Only invest what you can afford to loose. When you are ready, take out your original investment. This way, it is only your profit that is at risk"
THAT is Financial advice
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.