BTC Death Cross Meh
Updated
My thoughts on Death & Golden Crosses.
They are pretty much worthless.
Here's an example from March and May 2020. We see a death cross after the huge crash caused by the Corona Virus news and shutting down of economies.
Soon after the bull market continues followed by a golden cross.
Neither the death cross or the golden cross gave you any leading or lagging indication of the market sentiment.
Death Cross after a strong market correction does not indicate a bull market.
They are pretty much worthless.
Here's an example from March and May 2020. We see a death cross after the huge crash caused by the Corona Virus news and shutting down of economies.
Soon after the bull market continues followed by a golden cross.
Neither the death cross or the golden cross gave you any leading or lagging indication of the market sentiment.
Death Cross after a strong market correction does not indicate a bull market.
Note
I meant to say bear market.Death Cross after a strong market correction does not indicate a b̶u̶l̶l̶ Bear market.
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