bjunjo

BTC "10/50-Week" Moving Average (Golden Cross & Death Cross)

Long
BITSTAMP:BTCUSD   Bitcoin
To see the Bitcoin's long trend, it's often recommended to look at the weekly chart.

By looking at the historical BTC-USD (BITSTAMP) chart (especially looking closely at the 10 & 50-week moving average), we can see clear patterns.

To sum:

1. When the 10-week moving average goes down and meets the 50-week moving average, there's a bear market. (The death cross)
2. When the 10-week moving average goes up and meets the 50-week moving average, there's a bull market. (The golden cross)

Please verify with the BITSTAMP BTC-USD chart to see the historical movement of BTC from 2014 to now (which I've indicated with blue arrows).

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