Death Cross is about to happen

[ethereumhunter]

A death cross is not the sign for bitcoin to dead because bitcoin can surprise us by lifting the price to the high price. But if that really happens, I think many people are ready to buy bitcoin at a low price and I think they are waiting for that moment. Maybe you need to research for more to find more info but I do not think that is the end for bitcoin. We can wait for what will happen to bitcoin later, and I hope you are ready too, like others and use that time to buy bitcoin at a low price.

[CapGelatik]

will it be difficult to increase the Bitcoin price with the appearance of the death cross?,
even though on the telegram channel I follow active traders and everyone still says that this is still bullish,
either I can't understand the price of Bitcoin, usually the death cross when the market is bullish is just a small correction and experiences another hike with the golden cross,
then how about everything? is death cross make bearish?

[el kaka22]

Whenever people keep calling bitcoin to die, I just laugh. It is such a funny thing that people think the price will suddenly bottom out just because something happened, the reality is that we are not going to have anything like this at all, it is seriously fine and I believe it will definitely continue to be fine in the long run as well. Sure it is not looking ideal right now, I understand the sadness and upset over the fall, and I can see the charts not looking great neither, but let's be honest and say that we have reached from very low levels on bitcoin to look how high we are right now even after the fall, that is just not understandable for me if you think we are doing bad.

This is why I believe we are going to end up with a good amount of profit in the long run if we could wait, there is no death, there is no dying, this is bitcoin and it will always go up in the end no matter what.

[LUCKMCFLY]

I understand that one of the conditions for the death cross to occur is that a bearish trend is confirmed, and there cannot be a bearish trend if a Distribution stage has not occurred. According to many analysts they say that it will happen, but when I read many articles, one in particular catches my attention that states that "History repeats itself" casually with BTC, but history does not repeat itself, because the circumstances that occurred at that time , going back to BTC's past cannot be compared to 2021, which has been a year of many controversies, including a pandemic.

This article reviews it in a great way:

#BTC is on the cusp of a potential Death Cross

Whenever a Death Cross occurs, BTC experiences deeper downside

How likely is it that this Death Cross occurs for $BTC?

And if it does – what should we potentially expect?

Here’s a thread with my thoughts about the Death Cross:

— Rekt Capital (@rektcapital) June 1, 2021

Source: https://cryptopotato.com/analyst-warns-of-potential-bitcoin-death-cross-and-dump-to-18000/

[Reatim]

will it be difficult to increase the Bitcoin price with the appearance of the death cross?
,

according to the post starter yes it is but for me? this will not be always the basis because we as investors will answer that, if we will follow that movement then we will consider selling lol.

even though on the telegram channel I follow active traders and everyone still says that this is still bullish,

Who are those people? another bounty hunters like you ? who pretending to be investors but the truth is another spam accounts?
or Bot?

either I can't understand the price of Bitcoin, usually the death cross when the market is bullish is just a small correction and experiences another hike with the golden cross,
then how about everything? is death cross make bearish?

What? where did you get that ideas?

[buwaytress]

Looks like the market movement is just about to invalidate this particular death cross. We'll have to wait and see if America wakes up and decides to continue the momentum or if scalpers will continue to pare off gains.

Either way, golden and death crosses haven't done much for expectations for the past couple of years ha.

[proudhon]

Looks like the market movement is just about to invalidate this particular death cross.

Just noise. We're in the death part of the death cross already, it's just that some people don't know it yet.

[teosanru]

I don't know why people consider the 21EMA and 200EMA as a major cross, According to me Death Cross and golden cross have always been formed using 50EMA and 200EMA and we generally see these averages for other assets. Bitcoin being a more volatile asset it makes even more sense to view these slower averages for the cross. If you will see the daily chart of last 3 years. just 2 out of 8 Golden/death Crossovers depicted extreme price movement from the 200EMA rest 6 times price didn't go too far away from the EMA and came back on the other side pretty quickly. Whereas 50EMA and 200EMA gave much better and accurate signals for a trend reversal. So, I would wait for at least 20-30 more days to declare that Bullish Trend for this bull run is finally over. 

[SquallLeonhart]

But hey this is technical analysis. Remember whales don't have to always respect these things.

Aaaaaand we have a lift off. This is why I like bitcoin, there could always be some sort of "this is going to happen most probably" thing and just the opposite of that happens because.. why not, it is a free market and it is so free that even regulations are not there.

Sometimes it is good, because when you expect it to drop it could increase and that's a great thing, this is the part I love about it, but since there are no regulations there could always be whales who would buy millions of dollars every day without disturbing the market working together and then they could just sell it and crash the price all together again and they could end up with more bitcoin that way ruining the crypto world for all the regular people. For now we can be rest assured that crypto is not doing bad, and it will probably not do too bad for a long period of time as well.

[ningrum]

when the market is bullish I think news like this is not important,
even if there is a Death Cross that appears, if it is bullish then the bears will always lose,
judging from the monthly indicators Bitcoin is still strong bullish, so I'm not worried about this Death Cross

[Silberman]

Looks like the market movement is just about to invalidate this particular death cross. We'll have to wait and see if America wakes up and decides to continue the momentum or if scalpers will continue to pare off gains.

Either way, golden and death crosses haven't done much for expectations for the past couple of years ha.

Correct, the death cross can be a good indicator on the stock market but on the market of cryptocurrencies it has almost no effect at all as this market moves too quickly, so we would need faster indicators in order to more properly predict the direction of market, so at the end of the day this information is useless because what we care about when it come to indicators is precisely if they can tell us something about the market before it happens, something the death cross cannot do here as the market suffered a massive correction way before it was formed.