BTC & Golden Cross
BTC / USDT
What is golden cross ?
“A golden cross occurs when the 50-day moving average (blue) crosses above the 200-day moving average(red). It’s a bullish sign, indicating that the market may be heading toward a longer-term uptrend or bull market”
In BTC history usually when golden cross occurs it turns into bullish market in mid - long term (few exceptions happened in past when BTC got dumped after that like after news of COVID crisis)
What can we see in chart
The previous two golden crosses shown in my chart and BTC pumped after them … The current one about to occurs and a retest of falling wedge and local correction can also happen before continuation of bullish trend
Don’t forget to Like this idea and follow me for more…
What is golden cross ?
“A golden cross occurs when the 50-day moving average (blue) crosses above the 200-day moving average(red). It’s a bullish sign, indicating that the market may be heading toward a longer-term uptrend or bull market”
In BTC history usually when golden cross occurs it turns into bullish market in mid - long term (few exceptions happened in past when BTC got dumped after that like after news of COVID crisis)
What can we see in chart
The previous two golden crosses shown in my chart and BTC pumped after them … The current one about to occurs and a retest of falling wedge and local correction can also happen before continuation of bullish trend
Don’t forget to Like this idea and follow me for more…
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