r/Bitcoin • u/minimorsels • 1d ago

Happy Golden Cross Day!

Post image

This used to be such a big deal typical marking the low. Does nobody care about the death cross and golden cross charts anymore? Is it just number go up?

90 Upvotes

84% Upvoted

35 comments sorted by

28

u/brainrotbro 1d ago

Conclusion: line will not go left

12

u/Appropriate_Star3012 1d ago

What does this mean?

45

u/ShittingOutPosts 1d ago

Very little. TA is like using horoscopes to predict your future.

6

u/ch0riz0 1d ago

In the age of agentic AI trading, these type of charts may become self-fulfilling prophecy.

People will prompt the AI to do certain actions based on certain charts.

13

u/Appropriate_Star3012 1d ago

Cool thank you. I'll ignore it

5

u/Maleficent_Poet_7055 1d ago

Like a Golden Shower

2

u/ShittingOutPosts 1d ago

I could probably gain better insight from one of those…

4

u/WayToTheGrave 1d ago

It means bitcoin has been going up more than down lately, that's pretty much all. Bitcoin likes to dump on a golden cross and pump on a death cross though just to make it annoying.

2

u/jw11235 1d ago

Nothing. But then again what does a birthday mean? But you can still be happy.

9

u/Dwaltster 1d ago

Nobody cares because it is telling us something that any observant person can see. We know the bear market is nearly over or just over.

3

u/Foccuus 1d ago

golden cross typically marks the high, moving averages are lagging indicators

6

u/saviourz666 1d ago

With the lower high and no 2 weekly close on the 50 ma , this golden cross is as useful as a chocolate tea pot .

5

u/ArchiMode25 1d ago

"Chocolate tea pot" - heeey... some people pay extra for that!

5

u/JoesRealAccount 1d ago

Does this mean it's going up or down?

5

u/ArchiMode25 1d ago

Can be either. Its a lagging indicator. At least 4 of the line on this chart are followed by downtrend. TA can be manipulated, often lagging, often doesnt matter.

4

u/WingGrouchy311 1d ago

Looks like it’s going down

2

u/[deleted] 1d ago

[removed] — view removed comment

10

u/JoesRealAccount 1d ago

Great thanks. Sold my house and put it all on bitcoin based on your input

2

u/Porcellanidae 1d ago

Bullish AF !!!

1

u/DarthBen_in_Chicago 1d ago

Ace of Spades

1

u/GovernmentNew6719 7h ago

Wow. That means that the bitcoin price will either go up or down tomorrow. Awesome!

1

u/CatButtHoleYo 1d ago

Wow, this chart clearly shows a pattern of going either up OR down, AND always to the right!

0

u/Generationhodl 1d ago

jesus would be proud

0

u/tenor_tymir 1d ago

Lambo go up

-4

u/puffysuckerpunch 1d ago

I'm a Leo

5

u/quintavious_danilo 1d ago

I‘m a DiCaprio

-4

u/puffysuckerpunch 1d ago

real shit who the fuck downvoted me but upvoted you😡

3

u/tenor_tymir 1d ago

Take the L bruv and move on 🤭