Golden Cross Alert: The Bull Is Coming

The golden cross is one of the most important indicators of the upcoming Bull Market. Let's take a look.

Golden Cross Alert: The Bull Is Coming

The golden cross is a well-known bullish signal among cryptocurrency traders. However, we should note that its appearance does not necessarily mean that it is time to enter the market immediately is advisable.

In the Real World, we watch cryptocurrency charts closely – it helps to seize the perfect moment and pick the best time to buy and stake cryptocurrency. The golden cross is one of the most important indicators of the upcoming Bull Market, which Neosify is expecting very patiently.

What is the Golden Cross?

The golden cross pattern is highly regarded by traders. Due to its history of accurately predicting profitable opportunities in the crypto market, it usually precedes sustained uptrends, in contrast to the death cross pattern native to the Bear market.

Since 2010, the golden cross has also demonstrated a high success rate for Bitcoin, appearing on its daily charts seven times. Out of seven appearances, five have resulted in significant Bull Runs.

A golden cross pattern is formed when a short-term moving average (50 days) crosses above a long-term moving average (200 days). This indicates that there are more people interested in buying Bitcoin over the previous 50 days in comparison to 200 days.

Golden Cross Illustration

Golden Cross Illustration

While golden crosses are typically seen as buy signals, traders need to be more cautious and consider all the technical indicators before making any decisions. There always can be a possibility it can be a false golden cross signal.

There was one such example in 2020. In February, Bitcoin's 50- and 200-day moving average formed a golden cross at a price of around $9,600. After some time, Bitcoin's price eventually crashed below $4,000 due to the global financial crisis led by the COVID-19 pandemic.

To Buy or not to Buy?

While the golden cross is a reliable indicator, it is not 100% accurate in predicting future trends. One thing remains for sure – the Bull is already on his way and Zion must be ready. Now is the perfect time to accumulate your crypto before the Bull comes and multiply your profits.

The Golden cross is a perfect time to stake your crypto and wait out until the market run-up phase is confirmed. Stake your crypto on Neosify for up to 281% APY and watch your assets grow in real-time.

It is time to play big, Chosen ones.

67 Comments
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neoscexYdt2
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neosv1mDdAG
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neosxb1myqj
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so traders should consider other factors and use a holistic approach to making investment decisions.
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neos9jHQX1N
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The Golden Cross in Bitcoin is a technical analysis pattern that signals a potential long-term bullish trend for the cryptocurrency.
neos04vptC1
commented
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neosUuQCEBf
commented
The golden cross alert is a technical analysis tool that uses moving averages to determine bullish reversal signals. It is not always accurate, so traders should consider other factors and use a holistic approach to making investment decisions.
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