LTSInvestor

Golden Cross forming on Daily (50EMA & 200EMA)

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COINBASE:BTCUSD   Bitcoin
Looks like a powerful exponential golden cross is forming on the daily chart. If past behavior is any indication, then we are due for a potential parabolic run-up in price. However, I suspect a pullback into the cross before the run begins, either to the 10SMA (orange) or 21EMA (yellow) on the chart, which would be a place to accumulate or go long with leverage. In any case, this is not financial advice, just sharing what I am seeing and what I would do. Happy trading ;-)

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