First Golden Cross in the History of Bitstamp

[natewelt]

Alright folks. It appears to me that we have just witnessed the first golden cross in the history of Bitstamp (I went all the way back to 2011). From my understanding, a true golden cross only occurs when the 50 day moving average crosses above the 200 day moving average while BOTH averages are trending upwards. Over the past two years we have had the 50 DMA cross above the 200 DMA, but both of those times the 200 DMA was trending downwards. Having one average moving up while the other continues downward is obviously much less bullish then both moving up together.

This time, as of literally this day of October 27, 2015, we have our first Golden Cross. Not by much though. The 200 DMA has only been moving upwards for about 10 days now. However, that still counts.

I'd also like to point out that volume has been very strong on Stamp during this most recent surge versus the previous. I'm sure some of this relates to them stealing some market share from Finex, but still more volume on the exchange that I feel is the best gauge of price is positive. Also, the bottom of the chart shows that accumulation has been much more impressive versus the previous rise. Also bullish, and something that needs to be noticed.

All I can say is that the stars appear to be aligning. I like my HODL odds.

[SmoothCurves]

Moon confirmed

[Dilla]

Is this real life?

[dothebeats]

Moon confirmed

It is, back when Satoshi invented bitcoin. My holdings are doing pretty fine.

Is this real life?

Or is this fantasy?

[2015Bubble]

are we rich yet ?

[Chef Ramsay]

are we rich yet ?

Don't be an abercrombie clone, they have shit clothing. Being nouveau riche will buy you everything in your wildest dreams. Ignore status is not far away, just sayin.

[2015Bubble]

Please forgive me :"(

[worhiper_-_]

Didn't you hear? Willy has been reincarnated. This time he's working from Chinese, unregulated exchanges with zero fees.

[dothebeats]

Didn't you hear? Willy has been reincarnated. This time he's working from Chinese, unregulated exchanges with zero fees.

Wei Li seems to be the appropriate name given that the owners are now Chinese. Massive trading volumes on China since the first greens.

[Chef Ramsay]

Didn't you hear? Willy has been reincarnated. This time he's working from Chinese, unregulated exchanges with zero fees.

Let it flourish, whatever it is. Don't bite the hand... Criticizing or whatever in this market doesn't provide fuel, just shit. Don't you see that far-away folks are biting in a large way? Let them come plus many more of them.
USA Bitch! No not really, but moon is decent and accepted. Damn near 310$

[Chef Ramsay]

Please forgive me :"(

I'll tolerate you for now, but you might get a shock soon and then we'll tell the course.

[jaredboice]

[EternalWingsofGod]

I'll have to take your technical analysis at face value that it is the first golden cross in the history of Bitcoin.
As investopedia says
-
As long-term indicators carry more weight, the Golden Cross indicates a bull market on the horizon and is reinforced by high trading volumes . Additionally, the long-term moving average becomes the new support level in the rising market.

Technicians might see this cross as a sign that the market has turned in favor of the stock.
-
In other words this is the definition of a bullish state.

[ErisDiscordia]

TIL about golden crosses, thank you OP, very interesting.

[Mickeyb]

Too many good things have happened in the last 2 weeks for this all to be fake. Too many pointers like this golden cross. All of this looks very legit. There is some real power in this uptrend.

I would be very disappointed if this ends up in another dump and it seems to me with each passing day that we have a real trend reversal here! It was about the time.

[spiderbrain]

Confirmed.

[frankenmint]

how long should i go with ur hodl odds ... rent is due soon 

[spiderbrain]

I'll have to take your technical analysis at face value that it is the first golden cross in the history of Bitcoin.

The history of Bitstamp was the OP, not the history of Bitcoin. Here's a chart of MtGox 2010-2014 and there almost one in June 2012, but not as clear as this one.

[8up]

I'll have to take your technical analysis at face value that it is the first golden cross in the history of Bitcoin.

The history of Bitstamp was the OP, not the history of Bitcoin. Here's a chart of MtGox 2010-2014 and there almost one in June 2012, but not as clear as this one.

Now have a look at the sentiment back then.   

[L0uis]

am i missing something? Probably i do..