Quote from: pushups44 on April 24, 2019, 07:24:01 PM

Quote from: Linkkoin on April 24, 2019, 04:45:00 PM

Quote from: Hiral1111 on April 24, 2019, 03:58:21 PM

The market is going to form a strong trend reversal signal.
I don't think that we will get a new bearish trend , but the bearish divergence gives the additional signal supporting the correction movement from the current levels or 6000.00 resistance zone if the market tries to move higher.

For confirmation the bearish divergence it will be good if the price breaks the local uptrend line. For the confirmation further downward movement, the price will need to break 5000.00 support level .
If we talk about the long term market movement, it stays bullish .

If we check what happened right after the previous golden cross in 2015, there is a huge chance we will see short-term strong decline before going back on bull track.

I agree, but it's hard to predict when and how far that pullback will go. Plus, the chart on this golden cross is a bit more bullish than previous golden crosses. Long term, the golden cross is highly bullish for BTC.

if indeed there is a pullback. I don't think it will reach its lowest point. if it matches my prediction, it will not be lower than 4800. after there will be a reversal. but don't be too happy, even though the graph shows bulls, but it might fall.