Westy_

Westy_ Updated 

Despite the current support level holding strong again, the recent daily 15/50 death cross on the 27th August presents a possible indication of where the current consolidation period will break. The previous death cross provided a 50%+ retrace

Westy_

A quick backtest of the 4 hour 50/200 death cross shows an average 30% or so drop going back to the 2017 ATH. Careful if you are long.

Westy_

The 4-hour death cross on the 13/48 EMA has been a reliable indicator this year as we have just entered one today. The previous death cross on this time frame has produced a 32% drop over 8 days The crosses prior to that were 18%, 13% and 5% moved down. All four crosses average out to 17% over 8 days. You can find this indicator here on TV under 'True Golden...

Westy_

Interesting dip following the 14K blow off. BTC finds support at the 377 EMA once again.