Hello Traders!
I like to write about something that I have meaning to write for a long time. Every undereducated trader talking about upcoming dead cross! We going to zero,20k,10k all bunch of non sense. Let me explain to you what dead cross is in detail. First of all. On the daily chart Orange line represent Ema50 day line which means "exponential" moving average for past 50 days , and blue line represent Ema200 line "exponential" moving average for past 200 days. So when Ema 200 crosses down onto Ema 50 line , it is considered dead cross and indicates correction pattern and wise versa when Ema50 crosses up onto Ema200 line ,it is considered golden cross. All this fuss and horror stories based on one indicator out of thousands. When Ema 200 crosses on Ema50 most likely correction is already completed! Let me just show you exactly one sample. Last time second week of march 2020 dead cross happened when BTc was approximately around $5000 . Less then 4 weeks we seen golden cross around $8500 range. Imagine selling BTC at $5000 before the mega rally because you were afraid of DEAD cross!! Do not fool yourself with under educated traders or TA's. Most repeat exactly of other Ta's like parrots. What is happening here is people getting brain washed! 2021' class lead to think btc is going to sub20k and they need to sell at a major loss. So many large institutions are in the BTC action and many waiting to join patiently! But they are active monday to friday and on the weekends leveraged players by looking at the minute charts running the show. They have no price purpose or aim. I called them tourist of the crypto space. They can make 1000 right decisions but one bad decision deletes all of their success instantly. take look at this sample closely and be the judge for yourself!
Do not forget Ema50 moves a lot fast then EmA200 so we could easily see golden cross shortly. 50 day exp moving average vs 200 exp moving average. It is only one unreliable indicator!
I like to write about something that I have meaning to write for a long time. Every undereducated trader talking about upcoming dead cross! We going to zero,20k,10k all bunch of non sense. Let me explain to you what dead cross is in detail. First of all. On the daily chart Orange line represent Ema50 day line which means "exponential" moving average for past 50 days , and blue line represent Ema200 line "exponential" moving average for past 200 days. So when Ema 200 crosses down onto Ema 50 line , it is considered dead cross and indicates correction pattern and wise versa when Ema50 crosses up onto Ema200 line ,it is considered golden cross. All this fuss and horror stories based on one indicator out of thousands. When Ema 200 crosses on Ema50 most likely correction is already completed! Let me just show you exactly one sample. Last time second week of march 2020 dead cross happened when BTc was approximately around $5000 . Less then 4 weeks we seen golden cross around $8500 range. Imagine selling BTC at $5000 before the mega rally because you were afraid of DEAD cross!! Do not fool yourself with under educated traders or TA's. Most repeat exactly of other Ta's like parrots. What is happening here is people getting brain washed! 2021' class lead to think btc is going to sub20k and they need to sell at a major loss. So many large institutions are in the BTC action and many waiting to join patiently! But they are active monday to friday and on the weekends leveraged players by looking at the minute charts running the show. They have no price purpose or aim. I called them tourist of the crypto space. They can make 1000 right decisions but one bad decision deletes all of their success instantly. take look at this sample closely and be the judge for yourself!
Do not forget Ema50 moves a lot fast then EmA200 so we could easily see golden cross shortly. 50 day exp moving average vs 200 exp moving average. It is only one unreliable indicator!
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Right now this is where we are at! Take a look at the sample above and decide it for yourself!
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there we go. As I said dead cross was fud and one unreliable indicator. How long did it take? You only had to endure less then 20% drop and it took less then 4 days. We are already above where we were at. If people were not scared as much we wouldn't not even drop as much. Now it is time for golden cross? Are you as excited as deadcross?