blbenne0

Death Cross bear cycle - ~$20k target

Short
blbenne0 Updated   
BITSTAMP:BTCUSD   Bitcoin
Hate to break the news but it's pretty simple. Every single MACD death cross has been met with a bear cycle of downward pressure lasting approx 5 months. Lots of external negative news to push pressure down. Target should be $20k which is high of last bull cycle.
Comment:
Sooo, yep, it happened. Getting closer and closer to the ~$20k buying opportunity where I would say the floor is.
Trade closed: target reached:
Target reached

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