It occurs when you add lines that indicate the 200 day moving average, and another for the 50 day moving average. If the short term 50 day moving average line shoots up and crosses over the 200 day moving average, something big coming.
In the case of Bitcoin, the golden cross last appeared in April of 2019, and set Bitcoin on a bull run lasting 2 months and ending with gains of 190%.
So at least take this in to account along with whatever other factors you look at before deciding to buy or sale.
Personally, I haven't put any additional funds in, but I am watching things extra-closely, HODLing what I currently have, and set some new price movement alerts in Blockfolio (great free app to track prices of any coin). If BTC is about to take off, i'll know with plenty of time to still reap most the rewards.
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Author: Mark Pippen
London News Desk
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