Hey guys I just wiped clean BTC chart analysis that I had from the beginning and I noticed something super interesting not only do we have a big wedge coming up (as we all noticed) and a floor price being created on the daily trend but the 50 and 200 Daily WMA have been getting closer and closer. As you can see on the picture the further we move the % gap gets smaller which makes it easier to break on high volatility moves #abreakout. When and if the 50-day moving average rises above 200-day moving average, we can interpret that as a very very bullish move and thats why we name it the golden cross.
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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.