The death cross is a long term trend reversal indicator that happens when a faster 50 moving average crosses a slower 200 moving average
An optimal time to short is when price in the vicinity of the cross right as they cross.
If price can pump to $8890 area soon this area would be a good position to open a short.
This area also corresponds closely to a well developed parallel channel
An optimal time to short is when price in the vicinity of the cross right as they cross.
If price can pump to $8890 area soon this area would be a good position to open a short.
This area also corresponds closely to a well developed parallel channel