Today I bring you this analysis of crossings of means between the MA of 50 with the EMA line of 20 periods, weekly graph.
Is this the expected golden crossing?
Let's see
Sometimes you have to see what happened in the past to estimate what might happen with the price.
If we see in the graph the crossing of the lines, they have indicated the beginning of bullish cycles or correction
We can see crosses on the rise in the years 2012, 2015, 2019
We can see crosses to the downside in the year 2014, 2018, 2020
This weekly gold crossover occurs when the EMA line of 20 exceeds the MA line of 50 periods.
In recent weeks, post halving, we saw that the price of bitcoin has remained in a side channel, without a specific definition
Yesterday this new cross occurs, which would indicate the beginning of a bullish cycle.
Lately we see bullish indicators, others that indicate correction
And what do you think, Bitcoin up or Down?
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READ DISCLAIMER: this publication / analysis is only for general information purposes. I am not a professional trader and I will never be a financial advisor. The material in this publication does not constitute any trading advice of any kind. This is the way I see the paintings and what my ideas are.
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Hey there I hope you are correct, and yes the golden cross is a bullish signal for sure, although I am ot sure about which EMAs cross upward over the other. I would say that since it is the weekly chart, then even the 21 period crossing up above the 50 period woudl be a clear signal. On the smaller time frames, it might require that the 50 or 100 daily cross up over the 200 daily EMA for example.
That's right, do your own analysis, play with moving averages, but this report is based on a weekly analysis
Aha, the weekly holds much more value for sure.
Hello @criptoar,
Nice analysis and faith in the future of Bitcoin. Maybe this Golden Cross will be the good one !
Your post has been upvoted at c.100% by us and our trail. Cheers !
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I calculate 15% of what I received in the posts in the Hold community and send you another message. And then it tells me where I send the HP. Ok?
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