We are going to show BTC death cross in few days, so it's a bearish signal for BTC market. If you show the previous BTC detath cross then you have got a beautiful idea. I am expecting BTC starting down trend,
What do you think about it? What is your view point?
I am not a believer to technical analisys guy. I only believe in the cycle and how matket work in the past. No death cross or whatsoever in crypto. It will pump even it claimed death. Down trend is not here and we saw it already. Btc price still hold above $30k and its very strong. Even tho the grayscale unlocked it still keep above $30k.
The pump is over, bitcoin was not able to stay at above $40k and it seems to be going down again, there's no problem if you are holding it for long term, but if you are trading for short term, you need to make a timely decision based on the market situation. Just a week ago, bitcoin pumped over 20% in total, that's already a significant increase that would bring good profit for those who pay attention to the market, IMO, we somehow need some technical analysis.