The death cross is a pattern that will be about an indication of the potential for massive sales.
So that this topic issue does not only revolve around giving a signal that prices will continue to fall, but can also be pointed out as an indicator to see when it is time to reach good support, so that it can be said to be able to predict the problem of timeframes about the condition of a market will recover.
The death cross has often been used as an indicator of what is happening when the short-term moving average crosses at the lower level below the long-term moving average.
So in general, by looking at the moving average that is commonly used with this pattern, it is in the range of the 50-day to 200-day moving average
However, it cannot be said that this is absolute, because knowing a death cross pattern does not mean that a bear market may soon arrive.
Death crosses are commonly used on indices of years that have occurred on the market index.
It is indeed a basis that is very busy being discussed or becomes a topic when the market is in a downturn. For example, as happened to the price of bitcoin in May and June yesterday.
However, many say that in the events of May and June, bitcoin was only a point of correction and a result of some market sentiment regarding news, both from bans and other things.
Then if it is said when will the death cross possibly happen again? Regarding this issue, no one knows for sure, but as usual, everything is just a prediction.
Everyone has different opinions on this problem of analysis. But the indicators remain the same. Talking about bitcoin, it seems that in the next few months to December there will probably still be a bear in the bitcoin market. So to wait for the death cross to come, it is concluded that it will be a bit long.
