BillCharison

#BITCOIN - GOLDEN CROSS TODAY!

Long
COINBASE:BTCUSD   Bitcoin / U.S. Dollar
During the whole 2019 year we've seen two crosses.

The first one was bullish (golden) and appeared at the 23th of April, when $BTC cost $5400. Then the price reached $13800 point in 64 days.

The second cross was bearish (death). The one appeared at the 26th of October when $BTC cost $10500. Then the price dumped to $6600 point in 53 days.

What about nowadays? At the moment we can see a formation of another Golden Cross, it should be finished today. Therefore, the price will go upwards from the approx. current range of $9500.
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Comments

oh brother... longing here will get you rekt guaranteed...just watch...we are about to plummet
+41 Reply
kardia Wojak
@Wojak, I don't know. Bitcoin is correlating with USD, which appears to be unstoppable.
+4 Reply
@kardia, wtf my two fave bear/trollers disagree? et tu kardia??
+5 Reply
mackbrown prefabsprout
@prefabsprout, Eyes see what they want to see...

Using the same chart, you can also see that after the golden cross in April, the price never even tested the 50MA (& actually, in that moment, which was just about the time I started reading these posts here) ~ I remember there being a lot of BEARISH sentiment ~ 'EXPERTS' calling for a correction... Instead, there was anecdotal evidence that whales got involved and rocketed the price higher... Then everybody got bullish...

This is evident by the MA itself which was never tested...

Until it did... Which was July... It completely failed, except for a stick save (probably from the same whales running everybodys stops who were then scrambling to the short side)...

When that ran its course, it failed at the 50MA again and then the 50MA was a ceiling until that November ramp (out of the blue), ran everybody's stops again just as the DEATH CROSS was being established... What happened? Everybody got bullish again, and the market quickly tanked, and confirmed the DEATH CROSS...

Finally, BEARISHNESS set in, and only a few weeks later the FEAR & GREED index was at 15... Since then, the price has recovered long enough to flirt around with a psychological $10 k number, and for the FEAR & GREED to get to 65 only a few days ago...

& YIPEE! here we are making another GOLDEN CROSS (which is basically, exactly at the same level of the DEATH CROSS only a few months ago...

Only difference, this GOLDEN CROSS isn't like the one last April where everybody was talking about a correction... This time, retail traders are talking about Lambos and 64 days to $13k...

The more things change, the more they stay the same...
+13 Reply
@Wojak, you’ve been spamming charts saying this and we seemed to of done the opposite of what you’ve been suggesting? Funny that...
+14 Reply
prefabsprout joeychaps1231
@joeychaps1231, good use of the word "seemed".

all we did is go up and then down, and then bounce back up, but not as high. almost like a "lower high" whatever that might mean...
+3 Reply
Wojak joeychaps1231
@joeychaps1231, tell me more...
+5 Reply
@Wojak, I AM LONGING RIGHT NOW 100% OF MY ENTIRE NET WORTH JUST PAID FOR IN FULL THE ONE THE ONLY BITCOIN!!!!!!!! AND I WILL BE HOLDING THESE UNTIL I AM A MULTI MULTI MILLIONAIRE!!!!!!!! GOOD LUCK NOT GOING LONG FROM HERE!!!!!!!!! YOULL NEED IT!!!!!!!!!!!!!!!
+5 Reply
prefabsprout jordanmorin13
@jordanmorin13, if you put your liq around $2500 youll prob be fine.

youll also prob never be a millionaire.
+8 Reply
jordanmorin13 prefabsprout
@prefabsprout, ... you keep thinking that... im not like these others clowns who have $2500 in tbe game and think their getting rich... i have ALOT!!!!! Of BITCOINS!!!
+2 Reply