BTCUSD: golden cross & above ichimoku cloud on the WEEKLY.
Both happened only a few times in the price history of Bitcoin.
(blue) Sometimes it marked the BEGINNING OF BULL MARKETS.
(purple) Sometimes it was misleading, but then it did not lasted long.
Note:
I guess (not sure) that EMA 200 days translates to EMA 29 weeks, and EMA 50 days to EMA 7 weeks. Is that a correct assumption?
Happy trading!
Both happened only a few times in the price history of Bitcoin.
(blue) Sometimes it marked the BEGINNING OF BULL MARKETS.
(purple) Sometimes it was misleading, but then it did not lasted long.
Note:
I guess (not sure) that EMA 200 days translates to EMA 29 weeks, and EMA 50 days to EMA 7 weeks. Is that a correct assumption?
Happy trading!
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zoomed in:
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Very similar on the CRYPTOPCAP:TOTAL chart WEEKLY: