A Golden Cross happens when Moving Average 50 crosses over Moving Average 200. Some consider a golden cross the start of a long-term uptrend & a strong indication of an imminent very strong bullish market.
Let us examine the last four Golden Cross on #bitcoin.
If we consider the price when the cross happened to the potential top afterwards, we get the following.
1st Golden Cross
Around 4239% rise in price seen on the 1st one.
Ref:
2nd Golden Cross
Around 146% rise in price seen on the 1st one.
Ref:
3rd Golden Cross
A potential loss of around 13.04% was seen on the 3rd one. The cross is invalid once the price goes below the MA 200.
4th Golden Cross
The last golden cross produced around a 623% price rise.
Let us examine the last four Golden Cross on #bitcoin.
If we consider the price when the cross happened to the potential top afterwards, we get the following.
1st Golden Cross
Around 4239% rise in price seen on the 1st one.
Ref:
2nd Golden Cross
Around 146% rise in price seen on the 1st one.
Ref:
3rd Golden Cross
A potential loss of around 13.04% was seen on the 3rd one. The cross is invalid once the price goes below the MA 200.
4th Golden Cross
The last golden cross produced around a 623% price rise.
For guides on how to use the Aladdin indicator or how to buy it, please check joy-bangla.gitbook.io/aladdin/
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
For guides on how to use the Aladdin indicator or how to buy it, please check joy-bangla.gitbook.io/aladdin/
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.