Bitcoin Golden Cross approaching

[leea-1334]

In my opinion, the condition of the Golden Cross gives a signal that the price of bitcoin is in a strengthening trend so it has the potential to rise and this has started a few weeks ago. If the bitcoin price is in this condition, you can make a purchase. The bitcoin price increase will continue and the next resistance target is $65k.

But did we not also see several golden crosses already this year, last year and even in 2019? I have a feeling this indicator is no longer as useful as it used to be or at least maybe no longer sufficient to really look into Bitcoin.

Stock to flow works best because it is exactly what the Bitcoin market reflects. Supply available, supply coming and demand.

[tbct_mt2]

I think This is the Best Golden Cross approaching. What do you Think?

In my opinion, the condition of the Golden Cross gives a signal that the price of bitcoin is in a strengthening trend so it has the potential to rise and this has started a few weeks ago. If the bitcoin price is in this condition, you can make a purchase. The bitcoin price increase will continue and the next resistance target is $65k.

Golden cross can be a fake one if it does not occur with increasing in volume. In order to have a good and sustainable growth, we need golden cross, increasing trading volume.

If golden cross occurs with decreasing volume, we must be careful, it can be a fake golden cross and price can drop after the cross.

[el kaka22]

We have always been going up eventually, it is not like there is a rare situation where bitcoin goes up very high very quickly, it is obvious that we are going to have situations where we will skyrocket to insanely high prices and it will keep up happening all the time. However, the reality is that we are in a situation where people are acting like there is a chart where you can read how it will go up, you do not need a chart, after a while of not being high, it will be high and that’s all you need to know and you do not need to know anything extra, which is happening right now.

Forget about macd, rsi, golden cross and anything else you know, it is a hype, it is a bull run, it is doing fine and broke ATH because have been low for a while and no longer low, that’s all we need to know, you know what happens next? We are going to see price crash, no idea when, but it will happen. That’s how the market works.

[tbct_mt2]

We have always been going up eventually, it is not like there is a rare situation where bitcoin goes up very high very quickly, it is obvious that we are going to have situations where we will skyrocket to insanely high prices and it will keep up happening all the time.

Because whales spend months to make price down, to accumulate Bitcoin, to complete consolidation, when they pull triggers for a new bull market, a new ATH, it won't be a small one like 20%, 30%. It would be bigger, 100% or more.

Forget about macd, rsi, golden cross and anything else you know, it is a hype, it is a bull run, it is doing fine and broke ATH because have been low for a while and no longer low, that’s all we need to know

I agree. MACD, RSI, Golden cross are too long delayed indicators and they are not good to assess anything. A pure chart and volume profile (VPVR) are enough.

you know what happens next? We are going to see price crash, no idea when, but it will happen. That’s how the market works.

It will be time of fud on media again. We see it many times. Bitcoin lost $10,000 in a few hours, in a day. If Bitcoin makes its new high  at $100,000, the next crash can be $40,000 or $50,000, that will be insane crash, in dollar value.

Media will fud Bitcoin again. Bitcoin has died 432 times