Crypto Learning #11
Understanding the Golden Cross & Death Cross
➡️ What is a Golden Cross?
- When the 50 MA crosses above the 200 MA.
- Bullish trend signal.
BTC Example: 28 Oct 2024 — BTC rose from ~$70K to ~$95K, gaining ~36%.
➡️ What is a Death Cross?
- When the 50 MA crosses below the 200 MA.
- Bearish trend signal.
BTC Example: 14 Jan 2022 - BTC later fell from ~$43K to ~$15.5K, dropping ~64%.
How to Trade Golden Cross?
→ Wait for the cross
→ Check price above 200 MA
→ Look for a pullback/retest
→ Enter after confirmation
→ Set SL below support
How to Trade Death Cross?
→ Wait for the cross
→ Check price below 200 MA
→ Look for a pullback/retest
→ Enter after rejection
→ Set SL above resistance
Remember: Crosses are lagging signals. Always confirm with market structure, volume & support/resistance.