aboucamelia

Death Cross, Start of a new beartrend

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BINANCE:BTCUSDT   Bitcoin / TetherUS
Last December marked the crossing of two major EMAS 100 and 200 which usually indicates the inevitable beginning of a beartrend. In other words, when EMA 100 crosses below EMA 200 on 1D it plainly marks a death cross that roughly lasts for months driving the price further down. Luckily with the Halving getting close this theory may not happen at all. Overall it's Bearish with surprises (like Miners dumping pre halving, or whales price in Halving event)
Good luck
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