With many forms of TA out there, sometimes it is best to revise the basics. 💡 Let's discuss the death ☠️ and golden cross - two of the crucial indicators in financial markets! 🏦 💱 By CMCAlexandria Author: CryptoJelleNL Editor: YousraAASheikh
A death cross happens when a shorter moving average crosses below a longer moving average.This tells you that the short-term trend is much weaker than the long-term trend, and therefore the market can be considered bearish.
. As you can tell in the chart below, the Nasdaq 100 also printed a death cross after the March crash of 2020. However, it quickly reversed the signal and went on to grind upwards for more than a year. The golden cross is not unique to stocks or indices, however. Let’s look at crypto for other examples of the golden cross.The golden cross has sparked strong Bitcoin rallies before. As the chart below shows, a good example of this can be found back in April 2019, after the Bitcoinbottomed. The golden cross sparked a rally, sending bitcoin all the way back to the high of 13k.
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