We can see what happened as a correction after rises from levels of 30K. Therefore, the issue is not the golden cross, but rather the beginning of entering a sleeping market with tops at 52 50 and bottoms at 42 44, and therefore there is no indication of continuous rises.
A crossover of a short-term moving average above a major long-term moving average does not necessarily mean a bullish market, especially in the current situation.
Technical analysis will also fail badly in the coming months.
Topic: Bitcoin Golden Cross approaching - page 3. (Read 362 times)
We had pump after last dead cross ... we may have dump after golden cross 
I don't see bitcoin respect golden/dead cross starting from mid 2019. It just jumps in and out without fallowing. But I wonder if we are guaranteed to hit golden cross based on passed performance (no matter what will happend in next 72h) or not because we have Friday today. We are very close to weekend and I expect nothing more than dump today. Institutional investors are out during weekend. Its visible with super low volume and low volatility every weekend. I doubt they will risk waking up in Monday at 39k If we will be hit by second wave as strong as we seen in Thursday which is very likely because we did not see any signs of strength in last 2 days after dump.
I don't see bitcoin respect golden/dead cross starting from mid 2019. It just jumps in and out without fallowing. But I wonder if we are guaranteed to hit golden cross based on passed performance (no matter what will happend in next 72h) or not because we have Friday today. We are very close to weekend and I expect nothing more than dump today. Institutional investors are out during weekend. Its visible with super low volume and low volatility every weekend. I doubt they will risk waking up in Monday at 39k If we will be hit by second wave as strong as we seen in Thursday which is very likely because we did not see any signs of strength in last 2 days after dump.
I can see this chart to be 2 hours ago before I am posting this, the golden cross has not yet be established on your chart but definitely it will be establish because I can that the short term moving average is about to cross the long term moving average and this is indicating a bull market. I am not that old to trade and I have never experienced this before until you brought our attention to it. Let us see how this will be, hopefully we should expect bullish market if what moving average experts say about moving average is true.
I think This is the Best Golden Cross approaching. What do you Think?
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