Bitcoin Golden Cross | Bitcointalksearch.org

BitHodler

legendary

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Quote from: Jating on May 22, 2019, 05:05:32 PM

However, the real bull run might start in 2020-2021.

How do you know? Just a guess? If the bottom is actually in, which I'm sure not many people doubt anymore, the multi year bull run has already started. It could speed up at some point, but that's something you can't time.

The only thing that matters is to keep holding your coins and to not get excited too early. Most people sell their coins during the first 25-50% increase, which they end up buying back at higher levels because they regret having sold.

I must admit that it isn't always easy holding through price increases, but the initial 25-50% profit during a bull run is peanuts compared to what you can have simply by being patient.

Jating

hero member

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Quote from: Silberman on May 22, 2019, 04:28:23 PM

Quote from: DeathAngel on April 23, 2019, 08:03:11 AM

Quote from: Ahab_Hunter_of_BearWhale on April 23, 2019, 07:50:47 AM

Last time this happened was 2015 early start of bull rally.

Fingers crossed we see a repeat of that movement. It’d be nice to see the new bull market confirmed.

I suppose we want all the same thing, the market has been bearish for too long and as an investor it is really problematic to make money during the bear market, so I really hope that people are right and we are close to see another bull market, the last time this happened I was not ready and I did not had the knowledge to take advantage of it but now everything has changed.

Of course, we wouldn't wanted to see the price goes off the roof again?

Everyone is greedy here in the market, but the thing is, as investors or speculators we really need to have a lot of patience and not to have that mindset to earn very quick in short amount of time.

Bulls are already inside the ecosystem, just waiting for more bulls to enter or even fresh blood to pump the market again. However, the real bull run might start in 2020-2021.

Silberman

legendary

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Quote from: DeathAngel on April 23, 2019, 08:03:11 AM

Quote from: Ahab_Hunter_of_BearWhale on April 23, 2019, 07:50:47 AM

Last time this happened was 2015 early start of bull rally.

Fingers crossed we see a repeat of that movement. It’d be nice to see the new bull market confirmed.

I suppose we want all the same thing, the market has been bearish for too long and as an investor it is really problematic to make money during the bear market, so I really hope that people are right and we are close to see another bull market, the last time this happened I was not ready and I did not had the knowledge to take advantage of it but now everything has changed.

Duzter

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Leading Crypto Sports Betting & Casino Platform

Quote from: Dreamchaser21 on May 21, 2019, 04:59:36 PM

Quote from: twiifm on May 21, 2019, 03:31:03 PM

Many people who know technical analysis follow the signals like golden cross and death cross. I'm buying Bitcoin at the time of the golden cross on a 4-hour chart, and I'm not selling it until the death cross is seen on the 4-hour chart. I've never been hurt by now.

That golden cross makes a good profit to those who follows it, TA works sometimes and you can really relay on that. The next resistance is $8300 level and i think if we cross that level again the price of bitcoin will never be cheap again.

Technical analysis is a must to get good earning through trading. With regard to the 200 day and 50 day moving average we get the Golden Cross occur. This itself a confirmation on the stabilized growth, I too believe $8300-$8600 to be a resistance point for the next level of growth which is to reach $10k

Dreamchaser21

full member

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Quote from: twiifm on May 21, 2019, 03:31:03 PM

Many people who know technical analysis follow the signals like golden cross and death cross. I'm buying Bitcoin at the time of the golden cross on a 4-hour chart, and I'm not selling it until the death cross is seen on the 4-hour chart. I've never been hurt by now.

That golden cross makes a good profit to those who follows it, TA works sometimes and you can really relay on that. The next resistance is $8300 level and i think if we cross that level again the price of bitcoin will never be cheap again.

twiifm

hero member

Activity: 784

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Many people who know technical analysis follow the signals like golden cross and death cross. I'm buying Bitcoin at the time of the golden cross on a 4-hour chart, and I'm not selling it until the death cross is seen on the 4-hour chart. I've never been hurt by now.

numismatist

legendary

Activity: 1245

Merit: 1004

Quote from: HairyMaclairy on April 23, 2019, 06:23:40 AM

There have been 3 notable golden crosses before today on the 50/200 Daily Moving Average. They are as follows (look for where the red line 200 DMA crosses the yellow line 50 DMA from above).

Golden Cross in 2012
Price is flat during Golden Cross. Price up by ~ 60% 3 months later

Golden Cross #1 in 2015
Price is falling during Golden Cross. Price down by ~9% 3 months later

Golden Cross #2 in 2015
Price is rising during Golden Cross. Price up by ~45% 3 months later

Today's Golden Cross for comparison purposes
Price is rising during Golden Cross.

Analysis

So far, most traders seem to be assuming that today's Golden Cross will be like Golden Cross #1 in 2015, with the price crashing from resistance at $6k. But the mood in July 2015 was very different from today. Importantly, in 2015 the price had already started to crash before Golden Cross #1.

Today's Golden Cross most closely resembles Golden Cross #2 in 2015. Which suggests we could find ourselves with a price of increase of 45% within 3 months, which would be nudging $8,000 in July (and possibly a spike to 10,000 before that...)

Assembles most likely, from my visual impression, the #2 of 2015, too. Will try a zoom in onto that area. If the sudden jump as has been happening 4/2/2019 can be found in a similar percentage gain, this might be a valid prevision.
Three monthes are enough reaction time for sorting out personal financials.

adaseb

legendary

Activity: 3808

Merit: 1723

The cross already happened.

Basically if you put in BLX in tradingview and add the 50 and 200 Moving averages you see that it crossed on April 23rd and then 2 days later we got that big drop.

So this is proof that these are lagging indicators and if you take a trade based on it, it can be a big bull trap since you get the signal way too late.

Also in the past it was proven that not always does a cross result in a bull rally right after wards. It can drop before heading higher.

omonuyak

sr. member

Activity: 882

Merit: 269

Quote from: Pab on April 23, 2019, 07:02:12 AM

Historic Moment
Golden Cross just happen
Golden cross is happening when 50MA cross 200MA on 1 day chart
It is happening right now
It is easy to drawn lines even on Bittrex studies to see that

Last Golden Cross was October 28th-30th, 2015. Subsequent gains of 6787%
So it is something to celebrate and be careful because many shorts can appear on 5.8 k to 6.k
If bitcoin will finally pass 6k and defend 5.8 then it can be very interesting on btc

It is an interesting we know this and we are able to understand that it has happened before and when that happens there was a positive outcome in bitcoin pricing. I hope this year own will not be different and this gold cross will bring Golding opportunities to us.

Adriano2010

hero member

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I think a new golden cross will happen before next halving on 2020, but even if the price will go much down i think until the end of year the price will be over 10000$.

Febo

legendary

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Quote from: Kevin77 on April 25, 2019, 02:13:04 PM

I doubt the "head back down" will be a thing right now, after all the price could go down but not back down like what it used to be, I honestly feel like we have seen the bottom and the lowest it could get and we are not going to get that bottom anymore. The lowest we have seen was around 3400 I think and that means we are already almost at double that (I know 6800 is double but we are not that far away anymore).

So, I feel like a healthy drawback to something like 4500 or so and than going way back up to 7kish prices would be really the ideal scenario for us. Not going back down and just going up usually has threats of going back down a lot further, for example if you go 3-5-4-6-5-7 and so forth that is healthy but if you go from 1 to 10 than there is a chance of going back all the way down to 2 as well.

For almost sure we will not find new bottom. But new lows before bull run can be at $4500 or lower. I can see it under $4000. Why not. There are still 4 long months to go.

Kevin77

legendary

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I doubt the "head back down" will be a thing right now, after all the price could go down but not back down like what it used to be, I honestly feel like we have seen the bottom and the lowest it could get and we are not going to get that bottom anymore. The lowest we have seen was around 3400 I think and that means we are already almost at double that (I know 6800 is double but we are not that far away anymore).

So, I feel like a healthy drawback to something like 4500 or so and than going way back up to 7kish prices would be really the ideal scenario for us. Not going back down and just going up usually has threats of going back down a lot further, for example if you go 3-5-4-6-5-7 and so forth that is healthy but if you go from 1 to 10 than there is a chance of going back all the way down to 2 as well.

Febo

legendary

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Quote from: Pab on April 23, 2019, 07:02:12 AM

Last Golden Cross was October 28th-30th, 2015. Subsequent gains of 6787%

You forgot to mention that there were 2 right before that one and first happened on July 2015.

davinchi

legendary

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Merit: 1058

Quote from: leowonderful on April 24, 2019, 06:40:50 AM

Seems like some pullback is already starting to happen as we dumped from the 5600s to lower 5400s. I wonder if we’re going to see continuation on this movement with further dumping or if things start pumping back up to the 5600s and beyond. Pretty uncertain what’s going to happen next personally.

It is not strange and it is meant to happen, if you study how bitcoin has been slowly appreciating, you will see that there is always a pull back from an increase, but the pullback will set for another stable pint higher than the previous one, Bitcoin stabilized around $5400 through last week, since it has test the $5600 now, I am expecting it to break the barrier back and stabilize around $5700 next week.

So, I am not surprised at the Pull back, and I am sure the next step will be for a further pump in price which we will see it happen shortly. There is nothing much to worry about now that we are in semi bull market.

OrangeSeller

hero member

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Yes , we have all been celebrating since the beginning of the year, due to the growth in price we have been seeing, my prediction was that at the 2nd quarter of the year, we would see the price of bitcoin gain a resistance in the $5000 range, and that's what we are seeing already. I believe we are still yet to see the best price in bitcoin and other cryptocurrency that has great potentials, before the end of the fourth quarter of the year, we should hit $10,000.

Pab

legendary

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I have found very good article explaining why golden cross is good long term bullish indicator
There are many historic data from US stocks not just a one used like a example with bitcoin
Worth to look
You can see data from 1991 to 2015

https://bullmarkets.co/study-the-golden-cross-is-a-good-long-term-bullish-indicator/

This Golden Cross will be a stop loss indicator for bear markets (in case a bear market ends before the model predicts the bottom). The Model has never failed to predict a bear market bottom before, but it’ always best to add contingencies.

It’s important to have long term stop loss indicators. That way you don’t stick with the model’s exact target until you make a big mistake. Here’s a very simple example (one that the model doesn’t use). Let’s assume that the model states “the S&P 500’s weekly RSI much reach 25 in a bear market”. But what happens if the bear market ends when weekly reaches 27? How do I prevent myself from being stubborn and missing out on the whole bull market?

The Golden Cross does this. It confirms that my model’s target won’t be met (because the bear market is already over), thereby allowing me to go long during the new bull market at a decent price.

1Referee

legendary

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Quote from: daarul50 on April 24, 2019, 06:05:33 PM

Wow, a golden cross has occurred in 1-day intervals. By using these intervals, it is possible for a short-term bull run to occur but for a continuous bull run, it seems we have to find the golden cross at intervals of more than 1 day, at least we use 3 days, 4 days and 1-week intervals.

When the golden cross occurs in the interval that I mentioned then the bullish possibility is sustainable or we can call it a very large trend reversal compared to using a 1-day interval.

Ethereum has had its GC before Bitcoin, and the price has gone down since then.

It really looks like that investors and traders have done everything to front run this event, and this actually makes sense. People also front run the block halving by buying before the actual event. It is bullish long term speaking, but after the event it's more likely to be boring for the first couple of weeks/months. Good for accumulation though.

We have been generously rewarded this month, perhaps it's time to have the market cool down a bit and -$4000 buyers unload their bags. What goes up hard...... Lips sealed

figmentofmyass

legendary

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Merit: 1483

Quote from: adaseb on April 25, 2019, 02:16:38 AM

Right now we are at an important point in time. The golden cross is one thing however the $5750 support of 2018 is very near.

We hit $5650, about $100 away and this begs the question what will happen next.

1) Will we hit $5750 and head back down?
2) Will we hit $5750 and break thru it and head towards $7k+
3) Will we top out at $5650 and head back down?

For some reason I am thinking the latter is the most obvious to happen since everybody wants to sell at $5750 or enter short.

re tagging 2018 support, markets usually overshoot or undershoot expected pivot levels. sellers either anticipate a reversal and we never hit the target (option 3) or buyers fomo when the market temporarily breaks through the resistance level.

either way, we're headed back down. the question is, do we trap a few more bulls and squeeze a few more bears first?

adaseb

legendary

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Basically when too many traders start to follow and trade this method, the whales are going to try and trade against you.

Right now we are at an important point in time. The golden cross is one thing however the $5750 support of 2018 is very near.

We hit $5650, about $100 away and this begs the question what will happen next.

1) Will we hit $5750 and head back down?
2) Will we hit $5750 and break thru it and head towards $7k+
3) Will we top out at $5650 and head back down?

For some reason I am thinking the latter is the most obvious to happen since everybody wants to sell at $5750 or enter short.

el kaka22

legendary

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www.Crypto.Games: Multiple coins, multiple games

I do see if you look at any chart you will see that it will represent whatever you want, I always say that I can find a chart that shows bitcoin going down or going up in the future and it would only take 10 minutes. If you look at the price and movements today and check the resistance levels we have you can see that this time around its easier to break the next barrier compared to 4200 so its quite correct to say that we could go higher and it would be easier to go higher.

Of course just because its easier to go high doesn't mean it will go high but everything looks ready for a bull run for sure and we have absolutely nothing that can block us like it used to, this could potentially result with a bull run that could only be stopped at around 8 thousand dollar levels where the biggest next barrier is and that is why I think that is where we will stop.

Topic: Bitcoin Golden Cross (Read 617 times)