50 EMA Gold Cross On Weekly Market Cap. First Time Since 2020!!!
Great news everybody! We have finally crossed the 50EMA over the 100 day EMA. 100 day EMA is shown as white, 50 as yellow, 10 as blue and 5 as red.
So what dose this mean? The EMA values are the earning moving averages calculated here shown on the weekly time frame. A far view out on the weekly chart will give us a longer term on the trend of the future market direction verses a shorter time frame. The last time we witnessed a golden cross, 50EMA over the 100, was approx. Aug of 2020. The last time occurred we saw an influx in the total crypto market cap growth of slightly over 900 percent. We saw a total market cap of around 326million grow to 3 TRILLION dollars by November of 2021. Today, 1/10/24, marks the official approval of several BTC ETFs. This a huge milestone and win for crypto for all. Now the big players are going to be entering the game with some deep pockets. Make sure to hodl out as market explodes. This is not a short term play, but a clear direction in the trend we will be heading.
So what dose this mean? The EMA values are the earning moving averages calculated here shown on the weekly time frame. A far view out on the weekly chart will give us a longer term on the trend of the future market direction verses a shorter time frame. The last time we witnessed a golden cross, 50EMA over the 100, was approx. Aug of 2020. The last time occurred we saw an influx in the total crypto market cap growth of slightly over 900 percent. We saw a total market cap of around 326million grow to 3 TRILLION dollars by November of 2021. Today, 1/10/24, marks the official approval of several BTC ETFs. This a huge milestone and win for crypto for all. Now the big players are going to be entering the game with some deep pockets. Make sure to hodl out as market explodes. This is not a short term play, but a clear direction in the trend we will be heading.
Comment:
still holding strong btc @ 52k with some slight pull backs, but bulls are still holding strong! EMA values keep climbing as the entire market cap keeps climbing. Lets goooo!
Comment:
well as called the market caps up nearly 20 this is massive the market is really waking up with btc hitting 66k high near ATH of 69k with support now well above the 60k mark...very likely to see another test of ATH on BTC as well plenty of incoming growth market wide
Comment:
up nearly 500bill total new btc ath.....biggest bull rally yet to come? maybe