Bitcoin Still in triangle [Death Cross alert]

Price of bitcoin stays in the range and there is high speculation zone for bulls and bears.

Death crosses are usualy strong bearish signal for assets like stocks or metals.
For cryptocurrency it is also strong signal.

Looking from the history there was a lot of Death crosses with quite good dump afterwards.


Remember, death cross is mid-term trading signal, giving us only possible trend direction for nearest months. Death cross not cancelling global trend of the asset.