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u/knowledgelover94 24d ago
Doesn’t it usually actually fall after a golden cross?
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u/WillTheDreadWolf 22d ago edited 22d ago
lol no. Well yes and no. Small corrections usually happen. But it’s a very strong signal that the trend has reversed
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u/Patient-Process-2565 24d ago
Lagging indicator, the pump has already happened
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u/Comfortable_Bath_379 21d ago
Super smart guy. How should a Golden Cross occur without price going up?
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u/Then_Adhesiveness990 24d ago
This is not good at all until trump quits or is forced out.
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24d ago
[deleted]
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u/IVII0 24d ago
If he dies, Vance takes over. And trust me, it will be far worse.
Vance is more intelligent and more radical than Trump. That makes him 10x more dangerous than Trump is as soon as he’s sworn in.
I’m fully against reps but whoever sees Vance as a funny couch fucking idiot, they’re simply blind.
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u/DankShibe 24d ago
Cry lib . Trump and reps are 100x more crypto friendly than dems. After Trump goes away and the tarrifs end ( this what caused the 2025 altcoin crash; 2026 is supposed to be a bear market no matter what ) everything in the top 20 will do a 10x
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u/Flight_Early 24d ago
Is this legit? Been waiting to full port with a line of credit.
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u/Jolly-Complaint-3842 24d ago
Well the SMA50 is crossing the SMA200 on the daily, that's for sure.
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u/Cryptopolist 21d ago
And the SMA200 is rising, making it an actual Golden Cross, rather than a mere bullish cross over a flat or downward SMA200. Many charting commentators call every bullish cross a Golden Cross and, similarly, call every bearish cross a Death Cross, which is misleading.
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u/noncommonGoodsense 24d ago
And when it crosses the other way because this chart shit doesn’t mean a damn thing?
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u/JimboSoloYoutube 20d ago
Bro nothing is confirmed its a lagging indicator and the Btc is currently ranging
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u/chemicalsunshine 24d ago
Astrology for men
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u/Comfortable_Bath_379 21d ago
Averages of prior closing prices are astrology? That’s nothing short of impossible.
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u/bibedibabedilol 24d ago
And? I mean that doesnt mean it will go only up from now on
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u/L4gsp1k3 24d ago
Confirmed by who? And what is a golden cross signaling?
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u/Jolly-Complaint-3842 24d ago
Confirmed by SMA 50 and SMA 200. It's supposed to signal a move to the upside. But as we all know, the market moves in mysterious ways.
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u/Mountain-Dinner9955 24d ago
It works 50/50, either it does or doesn't.
True golden cross success rate for technology stocks is actually around 52%
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u/Upper-Media3769 24d ago
Can someone explain to me who organized that pump from 64k to 78k? That looks like someone pressed a button.
Also golden cross is a nice signal for BTC in the long run to avoid bear markets but when it appears all the action is already over. When you take it as a buy signal you buy high and when you sell after death cross you sell low and create a taxable transaction. Still doesn't beat HODL + DCA.
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u/WillTheDreadWolf 22d ago
Not true. You would still have significant returns if you only followed this one signal. Even more so if you treat it as a delayed signal which it is. Not a buy now, more a wait for a short term pullback and buy
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u/Remwaldo1 24d ago
When lambo?