In the near future, we can see the Golden Cross on BTC
In the near future we can see the Golden Cross at BTC. This is when the fast 50 MA crosses the slow one. It’s good that the “Golden Cross” took place and we lasted at least 200 MA for at least some time. As a rule, a golden cross is a major change occurring to a bull market from a bear market.
The last time the intersection was in October 2015 and the entire period of 50 MA was above 200 MA before the dump 2018. Roughly speaking, the intersection in the distant 2015 signaled a revival of the market after the downtrend and bullish mood. Start a new cycle. But this does not mean that the story should repeat with the same success this time. It should not be so simple and predictable ... Perhaps they will make a deception.
The Deadly Cross, which we saw at the dump of 2018, on the contrary, restores the strength of bears while reducing the 50-day Slip below 200-day. At the same time, the 200-day Sliding becomes the main resistance, after lowering the 50-day Sliding below it, and the main support in breaking through the 50-day Sliding above it. When the price is between the 50- and 200-day Sliders, it can fluctuate many times in a range that is limited by these extremes.
The last time the intersection was in October 2015 and the entire period of 50 MA was above 200 MA before the dump 2018. Roughly speaking, the intersection in the distant 2015 signaled a revival of the market after the downtrend and bullish mood. Start a new cycle. But this does not mean that the story should repeat with the same success this time. It should not be so simple and predictable ... Perhaps they will make a deception.
The Deadly Cross, which we saw at the dump of 2018, on the contrary, restores the strength of bears while reducing the 50-day Slip below 200-day. At the same time, the 200-day Sliding becomes the main resistance, after lowering the 50-day Sliding below it, and the main support in breaking through the 50-day Sliding above it. When the price is between the 50- and 200-day Sliders, it can fluctuate many times in a range that is limited by these extremes.
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