You are viewing a single comment's thread from:

RE: Ever heard of the Death Cross in terms of technical analysis?

in #bitcoin8 years ago

Technical Analysis is trying to find patterns in the way the price is moving. Because so many people use some kind of technical analysis for the placing of stop orders, it can provide a clue for what will happen in the short term. So if there is a death cross in the next little while, it could prompt some strong selling in the short term, possibly presenting a good buying opportunity.... BTC @ $7507