Bitcoin Hits A Golden Cross

[Harlot]

After the price fall reaching around $5200 now there is good forward move with the price. The Golden cross is getting closer and soon we can see it getting crossed. This is the one that's been expected much by the users at present, following the event can expect a price crash before bull run which can be used for investment.

This correction should come soon, would be a good entry and perhaps a last chance to buy cheap to expect large values such as 7k or 10k

If we are talking about a golden cross I don't think we can expect a correction anytime soon at least if it failed to cross that is when we can expect to see some price drop soon, if Bitcoin as of right now is still trying to push upwards even though it had some dips back to the 5,000$ level it still shows that generally the movement of Bitcoin is trying to go up and break a resistance. Just by looking at its MACD on its daily chart you will see that Bitcoin is still bound to create a bullish cross which I think we all know what it does for Bitcoin's price movement.

[1Referee]

This correction should come soon, would be a good entry and perhaps a last chance to buy cheap to expect large values such as 7k or 10k

There are no last chances to buy. If it was really the 'last' time to buy at x level, it means the trend turned bullish and you can comfortably buy in higher and surf the market up. You want to be long in an uptrend and short in a downtrend. This applies to every single market. I am still short right now, but the moment I notice that the trend shifted up I'll take the loss and immediately long the market.

The same applies to the bear market last year. People thought they were too late with selling with prices hovering around $6000 but they couldn't be further from the truth. I was sucked into that crash too, but it's a valuable experience that I gained from it. Don't go against the trend.

[Yamifoud]

After the price fall reaching around $5200 now there is good forward move with the price. The Golden cross is getting closer and soon we can see it getting crossed. This is the one that's been expected much by the users at present, following the event can expect a price crash before bull run which can be used for investment.

This correction should come soon, would be a good entry and perhaps a last chance to buy cheap to expect large values such as 7k or 10k

Perhaps,  we also think that price will not continuously to go straight directly into high and we do expect that price drop will occur sometimes along the way. It possible to reach that price before the end of this year but of course  we must have to be in patient.

[leowonderful]

I used to have problems with FOMOing into trades and losing money in minutes due to the price action moving against my trade, but if you ever have similar problems, just know there will always be a better entry if you just wait. Forcing a trade to happen never goes well, and more likely than not you're going to lose money if you try to force a trade to happen. Wait for a setup to come and use it to your advantage; NEVER let your temporary emotions take priority over other more important things, and don't rely on only one indicator like the golden cross with analysis.

[STT]

The advice I've seen a few times is to setup a trade with targets, stop loss before hand.   Orders that are filled or not based on the market not your feeling at that moment.    If price comes into a good area it might turn around often sentiment and movement in price indicates it will go further down.     However a longer term time frame with over ride the price action on just 5 minute bars, that repeatable phenomena in the market is tradable so long as you are correct on the long term.

I was amazed on that 200 week moving average as that is so long term, I did not think anything like that was in play or notable in reaction.   200 day is definitely followed by many,   its still gradually turning round - July 19th is the 200th day of the year and perhaps most relevant to framing this action is  YTD chart.    When we get that far most of the action will be positive and I think the 200 day average and 40 week turns upward

This correction should come soon

I dont really call it a correction unless its more then buy the dip.   Usually takes some belief that its doomed despite being essentially a short term move, a china ban or whatever

[DeathAngel]

We’re certainly moving upwards now. I saw the chart detailing what’s happened previously when we’ve had Golden Crosses. If it happens again & repeats that pattern we’re in for a fun ride.

[2chase]

Great news. In fact, I'm damn glad that I did not succumb to numerous provocations by people who predicted that Bitcoin might start falling to 4000 or even lower. HODL -  is the best strategy for bitcoiners at the moment. All my coins are with me and I'm just happy.

[sandra_x]

It is becoming clearer that we are gradually entering a bullish market, there is usually exhaustion of sell orders after a Golden cross. Trade volume are also looking very nice and we are getting ready to test the 6000$ mark (Hopefully there wont be a pull back this time)