In March, 2020, Bitcoin displayed the dreaded "death cross." But what does that really mean? We explain what the death cross is and why it scares traders and investors alike. Learn basic patterns and important terminology for cryptocurrency trading.
eToroUS
Transcript:
Bitcoin’s chart recently showed a death cross. Here’s what that means…
Imagine if every day you asked, “what was the average price of Bitcoin for the last 200 days?”
That’s Bitcoin’s long-term moving average
Image someone else asked “what was the average price of the last 50 days?”
That’s the short-term moving average.
If an asset is doing well, it’s short term average should remain above its long term average, but when the short term falls below the long term…
That’s a death cross, a technical indicator suggests a pending price drop of the asset.
How does this affect your trading strategies? Tell us in the comments below.
eToroUS
Transcript:
Bitcoin’s chart recently showed a death cross. Here’s what that means…
Imagine if every day you asked, “what was the average price of Bitcoin for the last 200 days?”
That’s Bitcoin’s long-term moving average
Image someone else asked “what was the average price of the last 50 days?”
That’s the short-term moving average.
If an asset is doing well, it’s short term average should remain above its long term average, but when the short term falls below the long term…
That’s a death cross, a technical indicator suggests a pending price drop of the asset.
How does this affect your trading strategies? Tell us in the comments below.
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