Showing posts with label bitcoin golden cross. Show all posts
Showing posts with label bitcoin golden cross. Show all posts

"Golden Cross" Now Showing On Bitcoin Charts! Last Seen Before Rally From $4800 to $9300... Crypto News
Many technical analysts see the "goldren cross" as the ultimate bullish signal.

It occurs when you add lines that indicate the 200 day moving average, and another for the 50 day moving average. If the short term 50 day moving average line shoots up and crosses over the 200 day moving average, something big coming.

...Or so they say.  I've been impressed by some amazing predictions from the guys who spend all day dissecting the data - but there's also been times where all the tools they use were saying 'buy' and i'm glad I listened to my gut and didn't.

In the case of Bitcoin, the golden cross last appeared in April of 2019, and set Bitcoin on a bull run lasting 2 months and ending with gains of 190%.

So at least take this in to account along with whatever other factors you look at before deciding to buy or sale. 

Personally, I haven't put any additional funds in, but I am watching things extra-closely, HODLing what I currently have, and set some new price movement alerts in Blockfolio (great free app to track prices of any coin). If BTC is about to take off, i'll know with plenty of time to still reap most the rewards.

Author: Mark Pippen
London News Desk