DEATH CROSS approaching. The last one hurt. Are you prepared ?

More of a FUD post, but will be interesting to see what happens when we get the dreaded Death Cross which at this stage is inevitable.

You can see the slope of the 50 day was similar on the previous cross which led to a 20% drop followed by a bounce and then a slow capitulation before rallying again.

Will the pattern repeat?

Do you have stops in - or just going to close your eyes and come back in a month :)

Decisions decisions...

Here was my last BTC Death Cross post.

Press play to see what happened ;)

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Got an expected bounce off that longer term support area, but will it stick :)

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Might be Uh Oh time. Be interesting to see if the market reacts.

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And there we go. Played out pretty much as expected with a couple of days lag. 20% drop, same as last time and as predicted in the original post. Hope you weren't caught holding.