Comparing The 2023 VS 2019 Golden Cross: Incoming Pump?
Golden crosses (and their death cross counterparts) are often looked at in asset analyses. A golden cross signals a potential bullish period ahead, a death cross a bearish period.
In crypto, we've seen many of theses crosses. Opposed to popular belief, the golden crosses have often led to sell-offs in the first days/week after the golden cross occurs, just scroll back and check for yourselves.
As seen on the chart, the current setup looks quite similar to 2019. Massive pump of the lows, period of mostly sideways price action, sell-off after the golden cross.
In 2019 we saw another ~200% growth from this point. I doubt that we're going to see +200% from here onwards, but if we'd follow 2019 we can expect a continuation of the bull-trend in the coming week.
Do you think we're going to follow a path similar to 2019? Share your thoughts.
In crypto, we've seen many of theses crosses. Opposed to popular belief, the golden crosses have often led to sell-offs in the first days/week after the golden cross occurs, just scroll back and check for yourselves.
As seen on the chart, the current setup looks quite similar to 2019. Massive pump of the lows, period of mostly sideways price action, sell-off after the golden cross.
In 2019 we saw another ~200% growth from this point. I doubt that we're going to see +200% from here onwards, but if we'd follow 2019 we can expect a continuation of the bull-trend in the coming week.
Do you think we're going to follow a path similar to 2019? Share your thoughts.
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