It seems that there is some confusion in cryptocoin community, what Golden Cross is. Lets look at the definition from Investopedia:
“The golden cross is a pattern that is a signal in which a relatively short-term moving average crosses above a long-term moving average.
The golden cross is a breakout pattern formed from a crossover involving a security’s short-term moving average (such as the 15-day moving average) breaking above its long-term moving average (such as the 50-day moving average) or . As long-term indicators carry more weight, the golden cross indicates a bull market on the horizon and is reinforced by high trading volumes.”
, , several daily EMA’s on a 4 h chart.
All scripts/indicators on this chart are available on my “Scripts” page.
Published at Sat, 06 Apr 2019 09:05:25 +0000
