Gold and altcoins

2020年3月17日

Correlation between gold and the alt coin market cap, both appear to be forming a 'golden cross' which should arrive early april. This is a MA pattern in which a short term moving average crosses a larger MA, leading to upsides, in this example it is the 50 and 200 day MA. Gold however has a strong resistance mirror resistance level, is this the point in which bitcoin / ethereum will shine as 'digital gold'? Altcoin golden cross is coming on the weekly chart, while gold golden cross is coming on the monthly chart.