BTC/USD, Technical Outlook, Edition #151 (24/11/2021)

🔎 Bitcoin is under the microscope. Read on to catch up with Q in tonight's discussion of emerging bearish confluence, Death Crosses and the Holy Mackeral 👇

Black Friday Sale - Save 10% on Premium when you upgrade to 12-months of access to daily research. Offer ends 29/11/2021 🚀

Get 10% off for 1 year


A wise old fisherman once said, 'there is no glory in a bucket of fingerlings'

Q opens tonight's technical perspective with remarks on an apparent 'death cross' that develops on the Bitcoin price chart.

Death Cross: Downward convergence of the 20-day exponential moving average (D1 20 EMA) and 50-day moving average (D1 50 MA) indicators 

Qluster Research is a reader-supported publication. To receive new posts and support our work, consider becoming a free or paid subscriber 🤗

One question persists from yesterday's report - will this lagging indicator imply further downside to come, or is the worst behind us?

Determining a response to this enigma first requires a reading of the technicals. Accordingly, Qluster analysts attempt to glean insight below from recent price action.


On the fence about becoming a Premium Reader? Here's a 7-day free trial so you can do your own due diligence on Qluster Research 🚀

Get 7 day free trial

Cancel at any time. No hard feelings ðŸ¤—


This post is for paid subscribers