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RE: Ever heard of the Death Cross in terms of technical analysis?
Yea, I think lots of people make the death cross out to be more than it really is. Although plenty of trading programs look for these signals, and trade accordingly. Hopefully, a quick dip, followed by some smart buys and then BTC gets things moving upward again.
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