Bitcoin daily 10/200 50/100 Golden Cross, HMA and Fibonacci Piv
It seems that there is some confusion in cryptocoin community, what Golden Cross is. Lets look at the definition from Investopedia:
"The golden cross is a candlestick pattern that is a bullish signal in which a relatively short-term moving average crosses above a long-term moving average.
The golden cross is a bullish breakout pattern formed from a crossover involving a security's short-term moving average (such as the 15-day moving average) breaking above its long-term moving average (such as the 50-day moving average) or resistance level. As long-term indicators carry more weight, the golden cross indicates a bull market on the horizon and is reinforced by high trading volumes."
Fibonacci Pivot Points, Hull Moving average, several daily EMA's on a 4 h chart.
All scripts/indicators on this chart are available on my "Scripts" page.
"The golden cross is a candlestick pattern that is a bullish signal in which a relatively short-term moving average crosses above a long-term moving average.
The golden cross is a bullish breakout pattern formed from a crossover involving a security's short-term moving average (such as the 15-day moving average) breaking above its long-term moving average (such as the 50-day moving average) or resistance level. As long-term indicators carry more weight, the golden cross indicates a bull market on the horizon and is reinforced by high trading volumes."
Fibonacci Pivot Points, Hull Moving average, several daily EMA's on a 4 h chart.
All scripts/indicators on this chart are available on my "Scripts" page.
Comment:
There is a another "minor" golden cross about to happen - 14(15)/200
Comment:
It seems that TV cant update indicators on published ideas so let's take a screenshot of current situation.
Comment:
It seems that TV cant update indicators on published ideas so let's take a screenshot of current situation.
Not bragging but small details like this are important.
Various shorter EMA's crossing 200 will be another interesting event.
Keep you eye on the market and do not get stopped out!