Get to know the Golden Cross and Death Cross -

To anyone new to crypto trading, and has no idea how to start using technical analysis tools to help you better understand market conditions before making any crypto investment, let’s learn about classic chart features for Bullish and Bearish signals: the Golden Cross and Death Cross.
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To understand the Golden Cross and Death Cross better, you first need to know the Moving Average (MA), which is one of the most common indicators used in technical analysis.
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A Moving Average (MA) is a calculation used to analyze data points by creating a series of averages from the full data set over time to help smooth out the price data by creating a dynamic average price. The most common periods used in moving averages are 15, 20, 30, 50, 100, and 200 days, especially 50 and 200 days.
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What is a golden cross? Given the short-term MA = 50 days, the long-term MA = 200 days,
a Golden cross occurs when the short-term MA crosses over the long-term MA which suggests a price rise, and an upward turn in the market. This usually indicates a bullish signal. At this cross, traders usually make their entry to buy.
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What is a death cross? Given the short-term MA = 50 days, the long-term MA = 200 days, a
Death cross occurs when the short-term MA crosses below the long-term MA which suggests a price fall, and a downward turn in the market. This indicates a bearish signal. At this cross, traders usually take the exit to sell.
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How can traders utilize the golden cross and death cross?
Generally, both of them can be used for Bullish and Bearish signals. If traders notice a golden cross forming, they might buy an asset in anticipation of a price rise. Similarly, if traders notice a death cross forming, they might sell the asset in anticipation of a price drop. Moreover, some traders might use the crosses as confirmation signals in combination with other technical indicators.

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Data from:
https://cointelegraph.com/explained/golden-cross-vs-death-cross-explained
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Disclaimer:
Cryptocurrency and Digital token are highly risky; investors may lose all investment money. Investors should study information carefully and make investments according to own risk profile.

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