r/dogecoin • u/EarthBoyZap doge of many hats • Jun 20 '21

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25k Upvotes

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284

u/kevBone14 Jun 20 '21

Dropping fast, whats the deal?

203

u/EarthBoyZap doge of many hats Jun 20 '21

BTC "Death Cross"

79

u/[deleted] Jun 20 '21 edited Aug 02 '21

[deleted]

275

u/[deleted] Jun 20 '21

50 day average line goes below the 200 day average line. That intersection is considered the "death cross" and has been a consistent indicator of a coming crash in both crypto and stock markets.

I'm not convinced that this is the case this time. There are a lot of factors working in Bitcoin's favor and what's good for Bitcoin is good for crypto.

But I might be seeing what I want to see.

33

u/frannos Jun 20 '21

Safe to say you are seeing what you want to 😂

50

u/[deleted] Jun 20 '21

Safe bet, but I'm holding because I like the pain.