Bitcoin (BTC / USD) Could crossing the midlines indicate bullish momentum?

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Today I bring you this analysis of crossings of means between the MA of 50 with the EMA line of 20 periods, weekly graph.

Is this the expected golden crossing?

Let's see

Captura de pantalla 2020-07-07 a las 12.49.05 p.m..png

Sometimes you have to see what happened in the past to estimate what might happen with the price.

If we see in the graph the crossing of the lines, they have indicated the beginning of bullish cycles or correction

  • We can see crosses on the rise in the years 2012, 2015, 2019

  • We can see crosses to the downside in the year 2014, 2018, 2020

This weekly gold crossover occurs when the EMA line of 20 exceeds the MA line of 50 periods.

In recent weeks, post halving, we saw that the price of bitcoin has remained in a side channel, without a specific definition

Captura de pantalla 2020-07-07 a las 1.01.11 p.m..png

Yesterday this new cross occurs, which would indicate the beginning of a bullish cycle.

Lately we see bullish indicators, others that indicate correction

And what do you think, Bitcoin up or Down?

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The alcoins market is very dependent on the price of Bitcoin, when Bitcoins goes up the alcoins go up more, but also in the other sense, so I suggest that you periodically review a Bitcoin and use stop loss and move it when they are already in profit. Do not let a profit become a loss.

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READ DISCLAIMER: this publication / analysis is only for general information purposes. I am not a professional trader and I will never be a financial advisor. The material in this publication does not constitute any trading advice of any kind. This is the way I see the paintings and what my ideas are.
Perform your own analysis before making an investment decision. Use money that you are willing to lose if you make an investment.
If you make exchanges or investments after reading this publication, it is entirely at your own risk. I am not responsible for any of your gains or losses. By reading this publication, you acknowledge and agree that you will never hold me liable for any of your profits or losses.

Captura de pantalla 2020-05-09 a las 11.59.54 a.m..png

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9 comments
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Hello @criptoar,

Nice analysis and faith in the future of Bitcoin. Maybe this Golden Cross will be the good one !

Your post has been upvoted at c.100% by us and our trail. Cheers !

I understand that you do not like Discord very much. It is okay with us, I do not know if you went to the community homepage but our members have decided it would be a good idea to set @hodl-fund as a beneficiary for c.15% of the rewards as it will help us to lease more HP and help the community to grow.

Let us know what you think about it.

Sincerely,

@hodlcommunity

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I calculate 15% of what I received in the posts in the Hold community and send you another message. And then it tells me where I send the HP. Ok?

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Sure, I do not know if you are aware but you can set it up directly in the settings whether you usde hive.blog or peakd. It might be easier for everyone 😅

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I have received $ 42.2 dollars for posts in the hodl community
15% is $ 6.33
Total hive to delegate 29.3 hive

Tell me to which community account do I delegate the hive

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Today I did the test of delegating 1 Hive from my account to the hold community to the account @hodlcommunity

But I do not see a way to follow up on the Hive delegate, I did not get any message from the community of the delegation.

How do I know if I reach the hodl community?

How can I continue to delegate Hive to the community if I can't see the value of the delegate?

What is the page or the way to see the Hive delegates, for me, to the community?

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Hey there I hope you are correct, and yes the golden cross is a bullish signal for sure, although I am ot sure about which EMAs cross upward over the other. I would say that since it is the weekly chart, then even the 21 period crossing up above the 50 period woudl be a clear signal. On the smaller time frames, it might require that the 50 or 100 daily cross up over the 200 daily EMA for example.

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That's right, do your own analysis, play with moving averages, but this report is based on a weekly analysis

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Aha, the weekly holds much more value for sure.

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