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.
Topic: Bitcoin Golden Cross - page 2. (Read 617 times)
Seriously, what happened to justify a price increase like this? No fundamental difference, no ETF, no Bakkt, no institutions, etc.
We don't need fundamental changes to end the bear market. We just need supply to finally evaporate and demand to take over. I don't think there was any fundamental reason for the October 2015 breakout. Just supply and demand.
For me the bear market hasn't ended until we have a monthly close above last year's main support. Being conservative helped me a lot last year, and I'll continue being that even with how short term bullish things look right now.
I take a similar position. We haven't gone sideways long enough to establish long term resistance and break above it, and we haven't broken and held above any long term S/R like $6,000. So there's no bullish structure yet. This can topple down like a house of cards.
Even pull-back to 4500 is normal and will not be a threaten for future grow.
That would be quite a healthy move, especially if it bounces off the ~$4300 mark and set another higher low, plus it will tempt people who bought below these prices to sell before their profits turn in paper losses.The price has gone up a lot in a market that's still bearish if you ignore the short term euphoria. Seriously, what happened to justify a price increase like this? No fundamental difference, no ETF, no Bakkt, no institutions, etc.
For me the bear market hasn't ended until we have a monthly close above last year's main support. Being conservative helped me a lot last year, and I'll continue being that even with how short term bullish things look right now.
You should not hope that Bitcoin will overcome 6000 as early as next week, although of course there were many examples in history when technical analysis was not working, and Bitokin showed incredible miracles. But this time I think that 6000 Bitcoin can be overcome no earlier than in a month.
Hopefully that will be surpassed through in few days time, but for now just expect lesser in order to avoid frustrations if ever it won't. Crossing at 6000 could be struggling this time, since market recovery remains crucial due to panic holders taking day trades in order to recover losses. That normal scenario and it has been expected to happen once the price spikes in some certain value.
You should not hope that Bitcoin will overcome 6000 as early as next week, although of course there were many examples in history when technical analysis was not working, and Bitokin showed incredible miracles. But this time I think that 6000 Bitcoin can be overcome no earlier than in a month.
Yeah, I saw lots of TA 'experts' saying that we have crossed that Golden Cross, however, it seems that the price didn't hold that much as bitcoin started to slow down and have a pullback in the last 24 hours or so.
But I'm not worried though, it looks like to me this is just a healthy pullback going to $5800-$6K in the next couple of weeks so it's interesting to see how are investors going to respond now.
Pull-back is very normal as we had only 3 small weekly red candles and 12 green out of last 15 and only 1 small red candle out of 10 last candles. Even pull-back to 4500 is normal and will not be a threaten for future grow.
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
Yeah, I saw lots of TA 'experts' saying that we have crossed that Golden Cross, however, it seems that the price didn't hold that much as bitcoin started to slow down and have a pullback in the last 24 hours or so.
But I'm not worried though, it looks like to me this is just a healthy pullback going to $5800-$6K in the next couple of weeks so it's interesting to see how are investors going to respond now.
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.
I have been watching very interesting vid about btc price vs btc sentiment
You can watch that vid here just eleven min https://www.leadingtrader.com/are-we-in-a-new-bitcoin-bull-market/
At least it is not bullish vid yesterday we had golden cross over hyped and like a result one big red candle
I don't believe that we can drop to 3500 $ max i think can be 4600$
There is still April bounce back to 4800$ we had on April 2 so it is going fast maybe to fast
You can watch that vid here just eleven min https://www.leadingtrader.com/are-we-in-a-new-bitcoin-bull-market/
At least it is not bullish vid yesterday we had golden cross over hyped and like a result one big red candle
I don't believe that we can drop to 3500 $ max i think can be 4600$
There is still April bounce back to 4800$ we had on April 2 so it is going fast maybe to fast
Last time this happened was 2015 early start of bull rally.
Yeah something to watch in coming daysbeing like 2015 means you won't see the result in "a couple of days" because just like 2015 the rises are going to be slower than the usual thing people got used to in 2017. so basically the $6000 resistance can be broken in a couple of weeks as price creeps up slowly with a high volume but no excited movement. and then continue on that path to some higher price (probably around $9.5k) then start gaining more speed.
Yeah. It will take a while to grind higher and it won't be till 2020 and the imminent halvening that we shall see BTC try to break it's all time high.
Was talking about it here and had a feeling of a pullback. Curious how it will play out in the short run and if we going to follow last time pattern.
Last time this happened was 2015 early start of bull rally.
Yeah something to watch in coming daysbeing like 2015 means you won't see the result in "a couple of days" because just like 2015 the rises are going to be slower than the usual thing people got used to in 2017. so basically the $6000 resistance can be broken in a couple of weeks as price creeps up slowly with a high volume but no excited movement. and then continue on that path to some higher price (probably around $9.5k) then start gaining more speed.
It was a false signal and we crashed below $200 again. I would be prepared for a similar move this time too. Sentiment is feeling pretty exuberant right now. We've just made new local highs and will probably trend up a few more days, but I think this move will run into stiff resistance pretty soon.
Agree. Other think is that analysing only chart is confusing. 2015 is short after mt.gox hack. Questions is if we made this pull back to 200$ due to technical reason (And it may repeat now) or due to fud from next bad news that hit market.
Shorts are definitely creeping up according to this site (click for link) that measures the total number of margin positions on Bitfinex and Bitmex, will be interesting to see what happens in the next few hours/days.
EMA also has not crossed yet though the regular MA has already crossed on Bitmex. Feels like buy pressure might be starting to weaken here though, and RSI on the daily is reaching into the mid 70s again.
EMA also has not crossed yet though the regular MA has already crossed on Bitmex. Feels like buy pressure might be starting to weaken here though, and RSI on the daily is reaching into the mid 70s again.
Expect that there will be shorts coming but this is becoming interesting.
I hope this means that we will see some considerable price increase and not a big pump and then a big dump
Yeah, we'd like to see a normal and stable growth but the past growth seems to be like that.We cant say that it would happen again this time but
a very exciting thing to be observed about.
Let's say that history may repeat itself. a very exciting thing to be observed about.
I wonder how many other crypto would have made similar gold crosses in the past few years. Not knocking this find at all of course, just cognisant that we got here because of the April Fool 20% burst, and that volumes haven't been mindblowing. May not be as significant as the 2015 one. Tried looking online and seems people didn't make a big deal about it. Hindsight, huh.
same golden cross we have on ETH now from yesterday but golden cross doesn't belong to crypto only
Golden cross is bullish signal on stock markets from long long years
Mostly it works with stocks after golden cross stocks was rising
Hi Pab.
I dont know anything about that Golden Cross.
Can you enlighten me please by providing links to where I could read more about it?
Thank you in advance.
Kind of intrigued by it.
You can try to have a sneak on here: https://www.investopedia.com/terms/g/goldencross.aspI dont know anything about that Golden Cross.
Can you enlighten me please by providing links to where I could read more about it?
Thank you in advance.
Kind of intrigued by it.
These technicals are really rare and if we try to look on previous golden cross it did happen to have a rally after.We cant say that it would happen again this time but
a very exciting thing to be observed about.
I wonder how many other crypto would have made similar gold crosses in the past few years. Not knocking this find at all of course, just cognisant that we got here because of the April Fool 20% burst, and that volumes haven't been mindblowing. May not be as significant as the 2015 one. Tried looking online and seems people didn't make a big deal about it. Hindsight, huh.
$5,600
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
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
I prefer to see a confluence of bullish signals before getting too confident. Taken alone, a 1-day golden cross isn't the most reliable signal.
Let's take a look at the 1-day golden cross which happened directly before the October 2015 cross:
It was a false signal and we crashed below $200 again. I would be prepared for a similar move this time too. Sentiment is feeling pretty exuberant right now. We've just made new local highs and will probably trend up a few more days, but I think this move will run into stiff resistance pretty soon.
Jump to: