BTC/USD Daily Time Frame Golden Cross.
Red 50 EMA
Yellow 200 EMA
The 50 crossing over the 200 to the upside is considered the Golden Cross where we will see a long term bullish run. The opposite is called a death cross when 50 crosses over 200. This could be done for both EMA and MA. I am looking at the Daily time frame because any crosses on the higher time frames usually means for a longer run meaning weeks on end to months. The Golden cross has happened around Aug - 14 - 2021 and prices remain stable above 50 EMA. This is a good bet as long as price doesn't continue lower 50 EMA. In 2018-2019, we had the golden cross and prices suddenly dropped below both 50 and 200 causing a one year bear market throughout 2019.
I would keep my eye on this and accumulate very slowly at every dips as an opportunity. I don't mind buying on the run up because we will see volatility through the runup.
Red 50 EMA
Yellow 200 EMA
The 50 crossing over the 200 to the upside is considered the Golden Cross where we will see a long term bullish run. The opposite is called a death cross when 50 crosses over 200. This could be done for both EMA and MA. I am looking at the Daily time frame because any crosses on the higher time frames usually means for a longer run meaning weeks on end to months. The Golden cross has happened around Aug - 14 - 2021 and prices remain stable above 50 EMA. This is a good bet as long as price doesn't continue lower 50 EMA. In 2018-2019, we had the golden cross and prices suddenly dropped below both 50 and 200 causing a one year bear market throughout 2019.
I would keep my eye on this and accumulate very slowly at every dips as an opportunity. I don't mind buying on the run up because we will see volatility through the runup.