4h SMA - dead cross .. Looking bearish

Looks like in the 4Hr SMA a dead cross has happened and in trading that normally looks like a sign of a bearish movement. ( not financial advise )

We may be looking at the outlook of BTC hitting around mid 20k as what we've seen thruout the years when it comes closer to Chinese New Year.

Of course this is based on past data and may not really reflect as to the situation of crypto today, however its just speculation and not any financial advise.

If you wanna read more about the death cross you can read it up here. Its a pretty interesting read.

https://www.investopedia.com/terms/d/deathcross.asp #:~:text=The%20death%20cross%20name%20derives,the%20long%2Dterm%20moving%20average.&text=The%20death%20cross%20is%20a%20signal%20that%20short%2Dterm%20momentum,market%20is%20about%20to%20end.

Happy Trading all .. and remember these are just my opinions and not any financial advise.

Posted Using LeoFinance ^Beta

4h SMA - dead cross .. Looking bearish

https://www.investopedia.com/terms/d/deathcross.asp#:~:text=The%20death%20cross%20name%20derives,the%20long%2Dterm%20moving%20average.&text=The%20death%20cross%20is%20a%20signal%20that%20short%2Dterm%20momentum,market%20is%20about%20to%20end.

https://www.investopedia.com/terms/d/deathcross.asp #:~:text=The%20death%20cross%20name%20derives,the%20long%2Dterm%20moving%20average.&text=The%20death%20cross%20is%20a%20signal%20that%20short%2Dterm%20momentum,market%20is%20about%20to%20end.