Hi Traders,
Hope u got it ! Bitcoin and Gold have a very closely similar chart for now, Like BTC was correlated few weeks ago to S&P500, during the Pandemic Crash.
The Next incoming economic crash with Covid Phase 2 returns will be very interesting... we will know wich safe haven peoples will decide to invest in.
Follow Bitcoin + Gold to get a clear View...
First of all, do not use MA, use EMA. Second of all People and Traders forget for Golden or Death Cross to work properly, before trend starting, price should be pooled into the cross itself and test some major EMA, like 21 or 50. Then and only then you know its legit (sometimes you get continuation fast on 9 EMA - rarely).
So, let's see did it do well on BTC...
