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BITCOIN Should we be paying attention to this Golden Cross?

Long
BITSTAMP:BTCUSD   Bitcoin
Well the title says pretty much everything so I will be quick on this one.

This week we see Bitcoin forming a Golden Cross pattern on the 1W chart with the MA50 crossing above the MA100. During the previous Bull Cycle this signaled the start of the 2nd Accumulation Phase (after a new top the price traded sideways for over 6 months). Phase 1 accumulation came with a Death Cross (MA50 crossing below the MA100) formation right after the bottom.

Similarly on the current Bull Cycle (2019 - date) the Death Cross formed a few weeks after the Bear Cycle Bottom and right now BTC just formed the Golden Cross. Can this be an early signal of the 2nd Accumulation Phase? I believe so. Especially since the LMACD is having an identical pattern as that of the 2016 Bull Cycle.

Should we be paying attention to this Golden Cross or you think it is irrelevant? Let me know in the comments section!

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*P.S. Keep in mind that Bitcoin shows incredible consistency at complying to Golden and Death Cross formations as some of my past ideas show:




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