Henry Gant, Man About Town. This episode: "The Death Cross, and why it's a good thing."

[henry-gant]

Can you hear me now?!

Below is my chart of the last week predicting the course of the market.
Luckily, it has gone as foreseen.
And that is a good thing.
We should bounce off of $7,5000 resistance/support line (we could over sell to $7200. so don't worry)
And start a fresh and much-needed bull run.

A death cross when the price is low can indicate the end of a bear cycle, as the bears have run out of momentum.
It can signal the approaching uptrend.

You can read more in this post here. Where I write:

What I saw was this:
The price of BTC (the yellow line) is headed for a trend line (white triangle) on about 3/25/2018 at $7,500. This trend line is also associated with the strong support line. We should have an upward bounce. If the bounce to the upside sends the price above the orange 200 Day moving average, then a Death Cross would be averted.*

https://steemit.com/bitcoin/@henry-gant/henry-gant-man-about-town-this-episode-the-death-cross

Anyway, let's have fun out there!

H. G.

It has to be said that I'm not a professional financial advisor/trader.

Comments

[sujonmia]

Thanks for the heads up! I currently think bitcoin will go lower in the next couple days/week. After that, past by moon and go to mars.

[henry-gant]

That's what I have been seeing/hopping.
This has been a rough few months.

H. G.

[rrahim]

Good content.
Thanks for sharing update news.
I appreciate your post.
Best of luck@henry-gant(56)

[henry-gant]

thank you @rrahim, I appreciate your dropping by and leaving your comment.

H.G.

[sharminkona]

Thanks for sharing cryptocurrency update providing news.
Btc is very low price.
But,I love Bitcoin.
Thanks for sharing valuable post

[henry-gant]

I think we are moving toward an uptrend soon. maybe two more weeks at best.

H. G.

[doctalk]

Its getting more interesting . But i assume long growing pains are about to resolve . Bull or bear should settle sooner .

[jarif]

helful post.
i like bitcoin,thanks for share valuable post.....resteemit.H>G

[stoneheart]

Very nice, Will be looking forward to your posts. Up-voted: hope you will visit my blog

[shahin69]

you inform us present market..its too much worse for us..thank u @henry-gant inform us..
@upvote & @resteem done

[saiful39]

thanks for your kind information.
@upvote & @resteem done

[abdurrahman361]

Very very thanks becuse share for updet news.very good content.you are really great man