taiwandan Profile picture
Married for 20 (Still strong😊), Banker for 18 (Retired😀), Father for 16 (Daughters are great 👨‍👧‍👧), #Bitcoin for 10 (Life changing🚀), Lifting for 6🏋️💪
Jun 5, 2021 7 tweets 3 min read
A thread
1/ #Bitcoin - How I’ll be trading the #deathcross!

The trade, should the patterns from 2014/18 bear markets repeat, is to buy weakness 7-10days heading into the 50/200 SMA death cross (2H~ of June) & sell 3-4wks later if & when we see the 50/200 EMA golden cross. Image 2/** DEATH CROSS INCOMING **

I recently read a great thread from @rektcapital summarising price action around major death cross signals on Bitcoin. In short, a death cross (50day below 200day) looks possible for the first time in this bear market by 2H of June to early July.