Bitcoin just had its 10 to 50-day moving average crossing less than a week back. After the recent pullback and profit-taking, the stage is set for upside momentum to kick in. Here's the thing—once we see the 50 to 200-day moving average converge (that golden cross setup), things could get interesting fast.
When these longer-term MAs align like that, it typically signals a shift in momentum. The chart pattern is forming nicely, and historically this is when volatility can work in your favor. Of course, nothing's guaranteed in crypto markets, but the technical setup looks promising.
Meanwhile, if you've been on the sidelines, this consolidation phase might be your window. Keep stacking positions where you can. Time in the market often beats timing the market, especially when the fundamentals are lining up with technicals.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
12 Likes
Reward
12
7
Repost
Share
Comment
0/400
BlockchainDecoder
· 21h ago
From a technical perspective, the signal of the 10-day moving average crossing above the 50-day moving average is indeed worth paying attention to, but the true indicator is the subsequent convergence of the 50-200 day moving averages—the data shows that historically, such golden crosses are often accompanied by over 20% volatility.
It is worth noting that the article's statement that "fundamentals lining up with technicals" is overly optimistic; the current macro environment still contains uncertainties, and relying solely on technicals to pile up positions is somewhat risky.
It is recommended to refer to the Mayer Multiple indicator to judge the current true entry point and not be fooled by chart pattern snake oil salespeople.
This consolidation phase is indeed a window of opportunity, but the idea that "time in market beats timing" should be discounted in the crypto market—risk exposure management is the key.
However, if the 50-200 day moving averages really start to approach each other, then it is indeed time to gradually build positions, just keep the scale under control.
View OriginalReply0
hodl_therapist
· 22h ago
Playing the line segment game again, the golden cross is almost everywhere now.
View OriginalReply0
BearEatsAll
· 01-13 18:04
The golden cross explanation is back again. How does it turn out each time you say it?
View OriginalReply0
gm_or_ngmi
· 01-12 05:52
Golden cross and golden cross again, will this time really be different?
View OriginalReply0
UnluckyValidator
· 01-12 05:47
Another golden cross appears. Will it go up this time?
View OriginalReply0
GateUser-3824aa38
· 01-12 05:47
It's the same MA crossing story again, always saying there's hope, but what’s the result?
View OriginalReply0
WagmiWarrior
· 01-12 05:40
Here comes the golden cross thesis again, wake up everyone.
Bitcoin just had its 10 to 50-day moving average crossing less than a week back. After the recent pullback and profit-taking, the stage is set for upside momentum to kick in. Here's the thing—once we see the 50 to 200-day moving average converge (that golden cross setup), things could get interesting fast.
When these longer-term MAs align like that, it typically signals a shift in momentum. The chart pattern is forming nicely, and historically this is when volatility can work in your favor. Of course, nothing's guaranteed in crypto markets, but the technical setup looks promising.
Meanwhile, if you've been on the sidelines, this consolidation phase might be your window. Keep stacking positions where you can. Time in the market often beats timing the market, especially when the fundamentals are lining up with technicals.