Technical analysis by without_worries about Symbol BTC: Buy recommendation (4/6/2025)

** short term analysis, the days ahead **Short version: Very positive.Long version: The Death Cross prints tomorrow, April 7th, 2025. For many retail traders who use moving averages the read will be highly negative. However history tells us that is rarely true.What is a death cross?1. The 50 day SMA (Simple Moving Average - blue line) crosses down the 200 day SMA.and2. Price action is under the 200 day SMA.Over the years variations of this post have been made by Ww.. perhaps you remember?The dotted line is the forecast direction of price action using the Box-Jenkins approach.investopedia.com/terms/b/box-jenkins-model.aspWhy positive?Look left - Past Bearish crosses on the daily chart (whilst in a confirmed bull market, which remains true, crosses in a bear market are ignored.)August 2024, 100% rally after death crossSeptember 2023, 190% rally after death crossMarch 2020, 600% rally after death crossIs it possible this time is different? Sure.Is it probable? No.WwToday is an opportunity we've not seen since the Covid crash, ignore your emotions.Like clockwork the bottom of the crypto rout is almost if not already over on the death cross.The next upward move will be the last of this bull market.Retail traders have mostly capitulated, or been liquidated, which signals a green light to the remainder. Enjoy.Point made... Death cross = opening long positions at $77k when the rest of the market was in full panic.Now you remember what was said about the Nasdaq 100 idea?Off to the make a cuppa..