Bitcoin Cross is about to happen! See how to trade the pattern!
The 1D MA50/ MA200 Cross (Golden Cross) is about to take place and you are still wondering how to trade it?
Well the last time that happened in July 2015 following the previous bear cycle's bottom, Bitcoin pulled back by around -35%. Then the price rebounded towards a Death Cross (1D MA200/ MA50) that made it consolidate before a new (and final) Golden Cross that pushed BTC to new highs.
The Distance between the 1st Golden Cross and the Death Cross was around 62 days and the (D) between the Death Cross and the 2nd Golden Cross 42 days.
I have tried to plot the same pattern into today's chart. The conclusion is yours!
*Bonus the Ichimoku Cloud which plots a path ahead of the Crosses!
It never hurts to look at related material:
The MA cross on the 1W chart
The pull back explained by the RSI
Well the last time that happened in July 2015 following the previous bear cycle's bottom, Bitcoin pulled back by around -35%. Then the price rebounded towards a Death Cross (1D MA200/ MA50) that made it consolidate before a new (and final) Golden Cross that pushed BTC to new highs.
The Distance between the 1st Golden Cross and the Death Cross was around 62 days and the (D) between the Death Cross and the 2nd Golden Cross 42 days.
I have tried to plot the same pattern into today's chart. The conclusion is yours!
*Bonus the Ichimoku Cloud which plots a path ahead of the Crosses!
It never hurts to look at related material:
The MA cross on the 1W chart
The pull back explained by the RSI
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🔥New service: next X100 crypto GEMS!
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