LTSInvestor

Golden Cross forming on Daily (50EMA & 200EMA)

Long
COINBASE:BTCUSD   Bitcoin
Looks like a powerful exponential golden cross is forming on the daily chart. If past behavior is any indication, then we are due for a potential parabolic run-up in price. However, I suspect a pullback into the cross before the run begins, either to the 10SMA (orange) or 21EMA (yellow) on the chart, which would be a place to accumulate or go long with leverage. In any case, this is not financial advice, just sharing what I am seeing and what I would do. Happy trading ;-)

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.