BTCusdt death or golden CROSS??
this analyse about MA500 and MA 200
Here, the average daily movement of 50 is reaching 200 and we are approaching the golden cross.
But at the same time, something happens in the weekly chart that has never happened in the history of Bitcoin
Also, there is a death cross on the weekly chart I posted below, and the 50-week moving average is very close to the 200 moving average.
We have both the gold cross and the death cross at the same time
One is daily and the other is weekly
Of course, weekly is closer, but daily because it has a smaller time yield, it can arrive sooner
With the difference that there was no weekly death cross in the history of Bitcoin and we don't know the price reaction, but in S&P we encountered a sharp drop every time.
But we know that everything happens faster in Bitcoin, so maybe the daily golden cross is more valid.
Because the movements of Bitcoin compared to S&P are similar, but Bitcoin performs those movements in shorter returns.
I hope this analysis has helped
Good luck
I will put the cross of death at the end of the analysis
https://www.tradingview.com/x/aqVCLxcH/
Here, the average daily movement of 50 is reaching 200 and we are approaching the golden cross.
But at the same time, something happens in the weekly chart that has never happened in the history of Bitcoin
Also, there is a death cross on the weekly chart I posted below, and the 50-week moving average is very close to the 200 moving average.
We have both the gold cross and the death cross at the same time
One is daily and the other is weekly
Of course, weekly is closer, but daily because it has a smaller time yield, it can arrive sooner
With the difference that there was no weekly death cross in the history of Bitcoin and we don't know the price reaction, but in S&P we encountered a sharp drop every time.
But we know that everything happens faster in Bitcoin, so maybe the daily golden cross is more valid.
Because the movements of Bitcoin compared to S&P are similar, but Bitcoin performs those movements in shorter returns.
I hope this analysis has helped
Good luck
I will put the cross of death at the end of the analysis
https://www.tradingview.com/x/aqVCLxcH/
Related publications
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.
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.