Bitcoin’s 3-day death cross now imminent (is the worst over?). Bitcoin recently dropped to the 2021 summer lows near 30K, after breaking the critical 37K support level. But is the worst over? We shall look at another imminent signal which is the death cross on the 3-day chart of bitcoin. This is likely to happen soon this week. What does history say about previous such signals and what happened to bitcoin in the short term to long term? We look at the charts. #Bitcoin #BTC #AlessioRastani
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25 Comments
I always give a like before I watch
Good analysis, useful for newer people into crypto that may be panicking now…take a step back, breathe, and DCA.
HAHAHAH BTC is so shit.. Everyone who bought this crap is going broke. Who'd have thought made up computer coins would turn out to be worthless??
Sir, could you please make some detailed video on invalidation levels…
So by your wave count I’m assuming a wave 4 back to 37K back test and wave 5 move down towards 25/26K?
Will go for 28600 . A rebound will be weak.
Another great video
My opinion: given that Btc is highly correlated with stock markets currently, and that the weekly candle closed on 6th May is very bad, I expect now a medium term bear market on both stocks and cryptos
YOU DIRTY BITCOIN!
Thank you so much Alessio for not leaving your Youtube fans in the cold woods. Thank you again !!!!
brother why are you unnecessarily showing bullish side its very simple 2 years of bull run and now to years of bear run secondly the deca cycle is completed so it needs to correct deeply
Awesome..love from kathmandu..💖
Yeah it’s called the normal 4 year cycle lol
You are seriously the best at clear and level-headed analysis.
💙🙏
It's basically telling us that Bitcoin is heading to 20K soon.
I don't want to sound negative, but using moving averages for price prediction is like draging a dead cow on the long rope behind a car (rope lenght depends on Moving Average period), looking in the mirror from passanger's seat at the cow and trying to predict where the car will go. This is an absurd!
People who are new to trading will watch such movies and try to choose the best moving average don't knowing that it doesn't matter. Why use such delayed indicator and not just look at price – every single candle mean something.
After one year? It does not match with the big bubble burst you're expecting by the end of the year.
Bottom line – just HODL!
Who's using the 3 day timeframe?
Voldemort supports ARSENAL?!
It< makes sense, BTC and crypto is off helping to regulate, rather than pretend it won't ever happen. The big institutions getting in is the catalyst that will launch us into the stratosphere. Most people don't like change but after the change is made they grow used to it and it becomes a non issue usually because their fears never materialize. The projects that initiated the process of regulation have not been ruined, they got involved in setting guidelines and helping the regulators understand the crypto space. I’d get involved more knowing that I have made over 22 btc from day-trade with Elizabeth Sarah Crypto in few weeks.
Alessio, any thoughts on the 20year Tbond? Have rates topped?
It's just the beggining…We will see the crash with a delay and step by step. Sentiment is low, greed is low, fear is extremely high, FOMO is extremely low… BTC crash is every day closer! What will do SMART money? Entry level for SMART money is in range $10-20k or even much lower, lower than $10k, like spike to $2k for short time. Let's not forget, on crypto market everything is possible. It’s always just a matter of probability. NASDAQ forecast is down 50-60% in next 6-12 months. Can you imagine what will do to crypto market? Be ready for brutal turmoils!
The small rate hikes we getting killing the economy and inflation is a big problem.
I think we might see a real crash in crypto soon if the whales also for some reasons are forced to sell or just to scared to stay in.