Another Golden Cross Explosion imminent?
As we saw with my post the other day regarding our traditional markets indicators, although not yet confirmed, here’s another crypto heading for a famous golden cross opportunity.
The last 2 times this happened with DGB, we saw huge returns in the coming days and weeks afterwards.
Although moving averages can lag trends heavily, it’s often a better way of confirming a trend continuation, rather than finding a bottom or reversal but still a good indicator nonetheless.
I don’t day trade DGB so I’m a little late to the party on this one with regards to initial move, and DGB has seen a lovely run up today, but as a longer term position, this is looking like it could be a nice set up if we get confirmation of that golden cross soon.
Trade safe,
The Colonel xxx
The last 2 times this happened with DGB, we saw huge returns in the coming days and weeks afterwards.
Although moving averages can lag trends heavily, it’s often a better way of confirming a trend continuation, rather than finding a bottom or reversal but still a good indicator nonetheless.
I don’t day trade DGB so I’m a little late to the party on this one with regards to initial move, and DGB has seen a lovely run up today, but as a longer term position, this is looking like it could be a nice set up if we get confirmation of that golden cross soon.
Trade safe,
The Colonel xxx
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