Its most likely going to happen what happened in the other waves. Cross fail.
heartless
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you were wrong sir. we are going down
team_USA
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why would 50 and 200 MA cross be relevant if only on the hourly...? they've crossed multiple times during the downtrend on that timeframe.
abdullatrader
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@team_USA, Great question! There are specific places where the 50 and 200 MA cross is relevant. For example, a bearish cross at the end of a trend is not relevant and vice versa. Again, this is only one of the signs we are looking for, most important and key price for Bitcoin to actually reverse is to break out from $9500 zone.
pooya511
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@AAlFadhala, Helpful answer but there was an another cross in 28 Jan which was in a up trend. Was it a golden cross or not? And what's the difference. I think we had a same opportunity there but sudden down trend occurred.
abdullatrader
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@pooya511, I will post a video soon to explain where to find these crosses and when to ignore them