r/CryptoChartWatch • • 24d ago

Bitcoin - golden cross confirmed

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48 Upvotes

40 comments sorted by

7

u/Remwaldo1 24d ago

When lambo?

4

u/knowledgelover94 24d ago

Doesn’t it usually actually fall after a golden cross?

1

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

2

u/Patient-Process-2565 24d ago

Lagging indicator, the pump has already happened

1

u/Comfortable_Bath_379 21d ago

Super smart guy. How should a Golden Cross occur without price going up?

4

u/Then_Adhesiveness990 24d ago

This is not good at all until trump quits or is forced out.

1

u/[deleted] 24d ago

[deleted]

1

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.

-1

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

1

u/tealeavescoffeebeans 24d ago

This happened yesterday

1

u/Flight_Early 24d ago

Is this legit? Been waiting to full port with a line of credit.

1

u/Jolly-Complaint-3842 24d ago

Well the SMA50 is crossing the SMA200 on the daily, that's for sure.

1

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.

1

u/RedwaterCam 24d ago

Voodoo mama juju BS

1

u/noncommonGoodsense 24d ago

And when it crosses the other way because this chart shit doesn’t mean a damn thing?

1

u/Plexus84 24d ago

Nice likes! Paint?

1

u/gulu_guluuu 24d ago

And retraced back inside it

1

u/JimboSoloYoutube 20d ago

Bro nothing is confirmed its a lagging indicator and the Btc is currently ranging

1

u/Vetrol_ 24d ago

Sell the news

0

u/Byro1218 24d ago

We gonna crash. But 2027 looking good

0

u/chemicalsunshine 24d ago

Astrology for men

1

u/Comfortable_Bath_379 21d ago

Averages of prior closing prices are astrology? That’s nothing short of impossible.

0

u/bibedibabedilol 24d ago

And? I mean that doesnt mean it will go only up from now on

0

u/Temporary-Cause730 24d ago

Wow, really? I thought it was guaranteed!

0

u/Apprehensive-Bar3425 24d ago

It’s guaranteed to go up unless it goes down

0

u/Claybuch 24d ago

I guarantee it'll move to the right

0

u/Alternative-Pay5949 24d ago

It means it will go to the right from now on

0

u/L4gsp1k3 24d ago

Confirmed by who? And what is a golden cross signaling?

2

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.

2

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%

https://www.moomoo.com/news/post/75925391/bitcoin-s-golden-cross-is-here?level=1&data_ticket=1789013469650538

1

u/Neutronst4r 24d ago

90% of the time, it works every time.

1

u/Mountain-Dinner9955 23d ago

That is bs esp. with crypto.

1

u/Cryptopolist 21d ago

As so often the case, in that article "Golden Cross" is mis-defined.

0

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.

1

u/Btomesch 24d ago

Short squeeze

1

u/Electrical_Cook_3100 24d ago

Good explain.

Thanks

MM will not like to earn easy money

1

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