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Macaveli

08/15/18 6:42 PM

#17415 RE: TREND1 #17414

Who cares about the chart???
Really???
I know daytraders are short sighted. But bitcoin is a force that cannot be stopped. As the projects mature so will the price.
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yanquitrader

08/16/18 10:49 AM

#17420 RE: TREND1 #17414

Trend1,

I believe you are using the Death Cross incorrectly. At least understand that many serious investors use it differently than you are using it. It is generally seen as a lagging, not a leading indicator which makes sense if you think about it. It simply confirms that the preceding period has been a bear market. Not to say it can’t be a helpful indicator- just in a different way than you are using it. Consider this view below of how to use the Death Cross. Not sending this to cast aspersions but rather offering an alternative view with the understanding that such exchanges can help us all prosper.

“Some market observers believe that both the golden cross and death cross are lagging indicators and not leading indicators, meaning that they reveal market momentum after price movements take place. As a result, critics of these technical indicators believe they are not very effective at indicating what will take place so much as what has already happened.

Also, the momentum indicated by the golden cross or death cross could end up being temporary, in which case the market could change direction by the time a trader has the chance to make use of the information.

While the aforementioned concerns could undermine the usefulness of the golden cross and death cross as indicators, traders can use the two to help single out appealing entry and exit points. More specifically, they could use the death cross to point out low-price entry points. Alternatively, the golden cross could help traders get a better sense of when it is wise for them to sell and when it makes better sense to hold.

Summary

Both the death cross and the golden cross can help traders indicate market momentum. While these two can be helpful, technical analysts should remember that they are lagging indicators, and as a result, they can look to volumes to help shed more light into the strength of signals.”

https://www.google.com/amp/s/www.fxcm.com/insights/death-cross-v-golden-cross/amp/