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RE: Crypto Suddenly Spikes Higher As Bitcoin 'Death Cross' Looms

in #bitcoin7 years ago

Yes, you are right. We definitely have to keep an eye on how much or if bitcoin divorces from its 200 day moving average in these days, weeks, and months ahead. If it crosses to the downside, which could correspond to a larger corrections, oh boy, prepare for panic selling and pain. If you look back to March '13 and Nov. '13, you can see that when this happens a large correction soon follows. If that happens, we can’t panic just because everyone else does. Somehow we have to turn our thinking and start buying instead.

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All I see is a rare opportunity to make a BIG pile of money crypto. The more panic selling the greedier I get.

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