majorlee
Short

[BTFD] BTC/USD - Possible Death Cross forming - 6th Nov 2017

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
BTCUSD possible death cross forming as traders take profit going into the new week.


Stochastics and MACD have shown bearish crosses forming also on the 4 hour timeframe and daily, adding to the momentum of a correction possibly being on the cards - in the range of a $7200 to a swing low of the $5800 range, a potential play ahead of the fork could bring high return if the bull run is to return and hit $10k numbers in early 2018.


Levels to watch:


200 SMA (to watch for dip buys): $6200 - $6400.

What is a Death Cross?

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Trade active: Death cross formed, entry valid...

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Good trades to you all!
nice analisis, I think the triple cero level ($6000) will stop it before your taget, but its goin to happened during the weeken so not sure 100%.
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majorlee vifega
@vifega, thanks for the comment :)

did a quick update here, didnt publish it earlier but the trend was respected



watching closely as we go down
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