Crypto Ninja Traders ✪

#Bitcoin quick update

The "Death Cross" that occurred 46 days ago in $BTC has been replaced by the "Golden Cross".

Short-term corrections are quite normal and healthy.

The countdown for the bull run in altcoins has now begun.

I wish everyone a good bull season.

$SPX "Death Cross"

For US Stocks and global markets to recover, it need to break back above the green line on the chart, MA(200), and have daily candlestick closes at or above that line for several days.

So is there no negative indicator among all these positive things?

Of course there is...

A cross will form between MA(100) and MA(200) in a few days. This is a situation that should not be ignore.

Some idiots you follow on Twitter will call this a "Death Cross"!

A Death Cross or Golden Cross only forms between MA(50) and MA(200).
Others are just MA Crosses.

Whether the recent rally will continue or not will be determined by the FOMC next week.

Also, a "Death Cross" occured in SPX on April 14, which is a very negative situation for US Stocks.
It is too early to say anything about how much it will affect crypto.

There is a negative Trump effect globally, both politically and financially.

We continue to win, and will continue to do so, by making the right decisions with our market-oriented approaches and goal-oriented approach.

MA(50) being violated does not start the bear season.

As I said, in some periods, market-focused analysis is more important than price-focused analysis.

The orange line on the chart is the most important indicator you can follow during the bull season.

I have been sharing with you for years in a way that everyone can understand.

This chart is an indication that the bull season is continuing.

As you know, I often post when "Golden Cross" and "Death Cross" occur, but I did not post for the most recent "Death Cross". The reason was not to create panic. In bull seasons, it is important to follow the days after the "Death Cross" occurs in order to analyze. In the days following the Death Cross, the lowest price level of the year was retested and then a big bounce occurred. In the following days, a 1-week indecisive accumulation occurred in MA(50) and then a relative strength increase occurred.

For now, candlesticks look weak in the 1D timeframe. Therefore, if there will be an increase, it should not be with weak candlesticks but with a relative strength candlestick.

Also, the MA(50) line turned its direction upwards.

#Bitcoin quick update

23 days ago, a "Death Cross" occurred in Bitcoin on the 1D timeframe, but with a big bounce without a drop due to the "Death Cross" that occurred, $BTC is currently trading above MA(50) and MA(200).

This bounce also turned the negative outlook on the weekly and monthly timeframes into a positive outlook.

Especially the weekly timeframe was at a very critical price level. Although MA(50) was breached on the weekly timeframe, it was very important to re-protect this support area because this support was the "Major Bull Season Support" area.