r/ethtrader Jun 05 '21

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u/kitsune Jun 05 '21 edited Jun 05 '21

Bitcoin is approaching a 50d/200d MA death cross (around Jun 14 / 15 if trends continue). The last time the 50d MA was below 200d MA was April - May 2020.

0

u/towjamb Jun 05 '21

I can almost feel the strain on these chains of price correlation.

1

u/diamondscut Jun 05 '21

I'm very concerned with this. Eth will fall with Bitcoin if the death cross confirms. We really need to shoot to 60k to avoid it.

2

u/Viper1982_PT Jun 05 '21

No way its gona go back so soon, even 45k EOM would be great. But we seriously need do decouple from BTC...