The last time this happened, this crypto went 25x returns!
Anyone who knows anything about traditional markets will tell you that a ‘golden cross’ is a significant event. This is when the 50 day Moving Average crosses over the 200 day MA in a positive fashion and often signals a bullish trend initiation.
The opposite applies when the 50 crosses below the 200 and this is known as a ‘death cross’ and signifies a bearish trend.
Does this rule apply in crypto? Not always. These markets are in their infancy and there often is not enough historical data to support these kinds of traditional TA analysis.
HOWEVER......
Check the graph, and see what happened the last time we had a golden cross with RDD!
AND.....
Open your own graph and see what happened to RDD the time before that when we had a golden cross, and see the monumental move we had then.
Is it guaranteed? No, of course not.
Is it, very often (and with historical evidence here) a very good indicator to enter a long position? Absolutely.
Not financial advice. But I am a very successful trader and if you don’t buy this now you’re a plonker..... just kidding! ;)
Trade safe,
The Colonel xxx
The opposite applies when the 50 crosses below the 200 and this is known as a ‘death cross’ and signifies a bearish trend.
Does this rule apply in crypto? Not always. These markets are in their infancy and there often is not enough historical data to support these kinds of traditional TA analysis.
HOWEVER......
Check the graph, and see what happened the last time we had a golden cross with RDD!
AND.....
Open your own graph and see what happened to RDD the time before that when we had a golden cross, and see the monumental move we had then.
Is it guaranteed? No, of course not.
Is it, very often (and with historical evidence here) a very good indicator to enter a long position? Absolutely.
Not financial advice. But I am a very successful trader and if you don’t buy this now you’re a plonker..... just kidding! ;)
Trade safe,
The Colonel xxx
Golden cross number 1 = 100x
Golden cross number 2 = 25x
Golden cross number 3 = Who knows. We shall see I guess.
Any bets?