Jump to content
  • 0
Sign in to follow this  
John Aaby

Golden crossover


1 answer to this question

Recommended Posts

  • 0

Hi John, thanks for coming here.

You must have seen that Bitcoin has created a golden crossover on the daily chart. The media and analysts eagerly anticipated the crossover to take place, which is considered as a bullish development for Bitcoin prices.

This indicator takes place when the 50 daily moving average (DMA) gets above the 200 daily moving average. This is a sign that the market is turning towards being more bullish. 

The opposite scenario that creates a golden crossover is the “death crossover”, which takes place when the 50-DMA falls below the 200-DMA. 


Share this post

Link to post
Share on other sites

Join the conversation

To reply to this question, sign in or create a new account.

Sign in to follow this  

  • Create New...