Not a forecast, just a little constatation
Previously, I made a post "BTC/USD - Party will go on", where told, that we have a plenty of time to make new ATH.
To tell the truth I thought it would be easier to recover, but now it seems, that we are entering a little bear-cycle inside bigger bull-cycle like in 2013 year.
Why :
1) We lost 50 MA (blue line), we even lost 140 MA (yellow line), which is the main indicator of bull-run. At the end we lost 200 MA (red line).
Yep, we lost for a day 200 MA in 2013, but for a day! Now we are constatnly below it.
2) It seems, that we will have "Death Cross" (when 50MA crosses 200 MA). If you look at chart, you will see, that every time we crossed it - it was the end.
Not to cross it, we have to have some very good news, that will push price above 200MA and 50MA just touch 200MA.
So look very carefully at 50MA and 200 MA.
I still think, that we will have similiar situtation to 2013, when we have a little bear market for 170 days. But if you look at chart you will see that every bear market gets shorter and shorter. So, probably, it won't last so long this time.
About some Alt-coins :
Also my prediction considering Alt-coins is, that some fundamental Alts like ADA, ETH, MATIC, TRX can move more or less independant from BTC.
If BTC will manage move above 200MA and have sideways direction, these Alts won't drop to the bottom or even move up.
MATIC VS BTC
ADA VS BTC
I don't know what to do right now - sell or buy, but take care of yourself.
Previously, I made a post "BTC/USD - Party will go on", where told, that we have a plenty of time to make new ATH.
To tell the truth I thought it would be easier to recover, but now it seems, that we are entering a little bear-cycle inside bigger bull-cycle like in 2013 year.
Why :
1) We lost 50 MA (blue line), we even lost 140 MA (yellow line), which is the main indicator of bull-run. At the end we lost 200 MA (red line).
Yep, we lost for a day 200 MA in 2013, but for a day! Now we are constatnly below it.
2) It seems, that we will have "Death Cross" (when 50MA crosses 200 MA). If you look at chart, you will see, that every time we crossed it - it was the end.
Not to cross it, we have to have some very good news, that will push price above 200MA and 50MA just touch 200MA.
So look very carefully at 50MA and 200 MA.
I still think, that we will have similiar situtation to 2013, when we have a little bear market for 170 days. But if you look at chart you will see that every bear market gets shorter and shorter. So, probably, it won't last so long this time.
About some Alt-coins :
Also my prediction considering Alt-coins is, that some fundamental Alts like ADA, ETH, MATIC, TRX can move more or less independant from BTC.
If BTC will manage move above 200MA and have sideways direction, these Alts won't drop to the bottom or even move up.
MATIC VS BTC
ADA VS BTC
I don't know what to do right now - sell or buy, but take care of yourself.
Comment:
Have crossing fast MACD line slow on daily TF. Shor-term looks good.