This is a bearish indicator and was seen in Feb 2018 on the BTC chart as the price of bitcoin plummeted from a $20,000 high; the noticeable pattern was also seen in the NASDAQ 100 on October 20 during the crash of the dotcom bubble.
it is observed when the 50day MA crosses the 200 MA.
Has buying momentum finally tapered off and will this downward movement in the market continue? Or will this be merely short-lived and the bulls take charge once-again.
This signal is further confirmed using the MACD showing a trend reversal and increased trading volumes as more sellers cement their positions.
it is observed when the 50day MA crosses the 200 MA.
Has buying momentum finally tapered off and will this downward movement in the market continue? Or will this be merely short-lived and the bulls take charge once-again.
This signal is further confirmed using the MACD showing a trend reversal and increased trading volumes as more sellers cement their positions.
