A Golden Cross happens when Moving Average 50 crosses over Moving Average 200. Some consider a golden cross the start of a long-term uptrend & a strong indication of an imminent very strong bullish market.
Let us examine the last four Golden Cross on #bitcoin.
If we consider the price when the cross happened to the potential top afterwards, we get the following.
1st Golden Cross
Around 4239% rise in price seen on the 1st one.
Ref:
2nd Golden Cross
Around 146% rise in price seen on the 1st one.
Ref:
3rd Golden Cross
A potential loss of around 13.04% was seen on the 3rd one. The cross is invalid once the price goes below the MA 200.
4th Golden Cross
The last golden cross produced around a 623% price rise.
Let us examine the last four Golden Cross on #bitcoin.
If we consider the price when the cross happened to the potential top afterwards, we get the following.
1st Golden Cross
Around 4239% rise in price seen on the 1st one.
Ref:
2nd Golden Cross
Around 146% rise in price seen on the 1st one.
Ref:
3rd Golden Cross
A potential loss of around 13.04% was seen on the 3rd one. The cross is invalid once the price goes below the MA 200.
4th Golden Cross
The last golden cross produced around a 623% price rise.
For guides on how to use the Aladdin indicator or how to buy it, please check joy-bangla.gitbook.io/aladdin/
