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

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

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

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.
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