What is a golden cross, what is a death cross?

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2020-06-14 02:08

A strong bullish indicator is referred to as ‘The Golden Cross’ where as a bullish pattern in reverse is referred to as the ‘The Death Cross’. A Golden cross is validated when the short-term moving average (ex: 50day SMA) crosses above a long-term moving average (ex: 200day SMA). The Death cross is represented by the short-term moving average crossing below the long-term moving average. Crytpto Traders often enter a postiion on the occurance of a golden cross and exit the market on occurance of the Death Cross These crossing of trendlines is considered the strongest signal moving averages can provide and are generally fairly highly respected. If nothing else, these inidicators hold true because the bulk of traders view and trade them similarly.

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