You are viewing a single comment's thread from:

RE: Steemit Crypto Academy Contest S15w4 Death Cross VS golden Cross

Hello dear, greetings to you. I hope you are enjoying the sweet moments of your life.

You said golden crossover and Death Crossover are two opposite market scenerio. Yes This is completely right. Golden crossover is made when 50 MA line cross the 200MA at upward direction and at death crossover, the 50MA line cross the 200MA line in downward direction. Golden crossover shows us upward trend, while death crossover give us a down trend. We go for long position in golden cross and make a selling position in death crossover.

The screenshot give us a perfect data of BTC and STEEM Coin. The Golden cross and Death Cross are perfectly shown here. We can see in the chart, everytime if the crossover is for golden, the market moved in upward direction and if their is down cross of 50MA, the market has moved downward.

In addition you use MCAD and RSI for your technical analysis. RSI is the most easiest technical indicator we can use, also give us accurate data too.

Wish you best of luck in the contest, keep blessing.

Sort:  

Wish you blessing and success too thank you for suggesting

Coin Marketplace

STEEM 0.17
TRX 0.16
JST 0.028
BTC 74418.67
ETH 2589.08
USDT 1.00
SBD 2.43