We failed to close above the 200 day and we just got a very bad death cross, both signalling an upcoming hard sell.
Not necessarily. We tagged the MA200 and naturally, we pulled back. The MA50/MA200 death cross hasn't actually happened. It might if there is a pronounced selloff here.
I've noticed often times when the MA50 and MA200 meet, it's a "crossroads" moment. Sometimes there's a selloff that confirms the cross. Sometimes there's a pump that rejects it. Pivotal moment!
We'll see $6000 real soon and i think we'll drop much lower even.
Possible in time, but I'm still thinking we need a solid bull trap before we go to retest the lows. Bears need punishing too.
By the way..... Is that you, kwukduck?
