{"id":543431,"date":"2023-07-19T23:02:13","date_gmt":"2023-07-19T23:02:13","guid":{"rendered":"https:\/\/ktsl888.com\/?p=543431"},"modified":"2024-06-11T06:59:26","modified_gmt":"2024-06-11T06:59:26","slug":"bitcoin-xrp-ethereum-three-top-coins-golden-cross","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/bitcoin-xrp-ethereum-three-top-coins-golden-cross\/","title":{"rendered":"Bitcoin, XRP, & Ethereum: Three Top Coins On Brink Of Golden Cross"},"content":{"rendered":"
Bitcoin, XRP, and Ethereum \u2014 three of the cryptocurrency market\u2019s most dominant coins \u2014 are about to simultaneously form a 3-day golden cross.<\/p>\n
This signal is rare, happening only a handful of times in the past in each individual asset. However, never have all three of these major cryptocurrencies triggered this signal all at the same time. What exactly does this mean, and what are the results of the 3-day golden cross?<\/p>\n
The crypto market outlook is a lot less bleak than it was just weeks ago, between BlackRock and other institutions seeking to launch Bitcoin ETFs and the massive win for XRP and Ripple against the US Securities and Exchange Commission (SEC).<\/p>\n
Even the technical environment is starting to show signs of a possible uptrend brewing. Notably, several top cryptocurrencies are inching closer to a golden cross on the 3-day timeframe, which has only occurred a handful of times in the past.<\/p>\n
This is about to happen in Bitcoin, Ethereum, and XRP, simultaneously, for the first time in their history. Previously, these signals arrived at different phases of previous bull markets. It wasn\u2019t until all three coins golden crossed that a stronger rally began.<\/p>\n
\nThree top crypto assets \u2014 #Bitcoin<\/a>, Ethereum, and #XRP<\/a> \u2014 are on the brink of a golden cross on the 3-day timeframe<\/p>\n
All three firing at the same time has never happened before<\/p>\n
It will also be the third in history for BTC and XRP, second ever for Ether pic.twitter.com\/bzVfK3ZpBp<\/a><\/p>\n
\u2014 Tony “The Bull” (@tonythebullBTC) July 19, 2023<\/a><\/p><\/blockquote>\n
What Is A Golden Cross In Crypto?<\/h2>\n
A golden cross occurs when a higher timeframe moving average, typically a 200-period MA, crosses above a lower timeframe moving average, usually a 50-period MA, from below. In contrast, a death cross happens when the two cross down from from above.<\/p>\n
These crossovers generate a buy or sell signal in a moving average-based trading system. Such systems are designed to capture the majority of a trend, but tend to miss much of the early part of a rally as it awaits confirmation.<\/p>\n
<\/p>\n
The 3-day golden cross throughout the years | BTCUSD on TradingView.com<\/a><\/pre>\nMoving Average Crossover: How Does The Signal Stack Up?<\/h2>\n
The only time the signal suffered a drawdown was in Bitcoin in 2019. In all other instances, the buy signal using nothing more than a simple moving average crossover, was wildly profitable with limited downside. In 2015, the BTCUSD 3-day golden cross yielded over 2,000% ROI before crossing back down and giving the corresponding sell signal. XRP\u2019s golden cross to death cross kept more than 9,000% of the uptrend\u2019s gains. Ethereum never fired a signal back then, however, due to insufficient price history.<\/p>\n
Related Reading: This Bitcoin Continuation Pattern Points To 3-6 Months Of Uptrend Ahead<\/a><\/div>\nCome 2019, Bitcoin had its misfire where the buy signal then sat through a long drawdown. Neither XRP nor Ethereum triggered a signal until 2020, when the entire crypto market began to rally together. The 2020 ETHUSD golden cross held onto over 1100% ROI before the death cross closed out the position. XRP failed to set a new all-time high, but the golden cross still clocked in 200% ROI.<\/p>\n
Even though Bitcoin fired early in 2019 and sat through a drawdown, the buy signal was still ultimately effective and retained 550% ROI by the time a death cross caused the position to close. Across the five historic buy signals, there was an average of 2,570% ROI when a golden cross occurred. While such returns aren\u2019t likely in the future, this does suggest the signal is effective.<\/p>\n
Tony is the author of the CoinChartist (VIP) newsletter<\/a>. Follow @TonyTheBullBTC<\/a> & @coinchartist_io<\/a> on Twitter. Or join\u00a0the TonyTradesBTC Telegram<\/a> for daily market insights and technical analysis education. Please note: Content is\u00a0educational and should not be\u00a0considered investment advice. Featured image from iStockPhoto, Charts from TradingView.com<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"Bitcoin, XRP, and Ethereum \u2014 three of the cryptocurrency market\u2019s most dominant coins \u2014 are about to simultaneously form a 3-day golden cross. This signal is rare, happening only a handful of times in the past in each individual asset. However, never have all three of these major cryptocurrencies triggered this signal all at the same time. What exactly does this mean, and what are the results of the 3-day golden cross? Bitcoin, XRP, & Ethereum Lead Market Recovery The crypto market outlook is a lot less bleak than it was just weeks ago, between BlackRock and other institutions seeking to launch Bitcoin ETFs and the massive win for XRP and Ripple against the US Securities and Exchange Commission (SEC). Related Reading: Perfect Storm: Why Bitcoin & Crypto Are Poised For A Dramatic Recovery Even the technical environment is starting to show signs of a possible uptrend brewing. Notably, several top cryptocurrencies are inching closer to a golden cross on the 3-day timeframe, which has only occurred a handful of times in the past. This is about to happen in Bitcoin, Ethereum, and XRP, simultaneously, for the first time in their history. Previously, these signals arrived at different phases of previous bull markets. It wasn\u2019t until all three coins golden crossed that a stronger rally began. Three top crypto assets \u2014 #Bitcoin, Ethereum, and #XRP \u2014 are on the brink of a golden cross on the 3-day timeframe All three firing at the same time has never happened before It will also be the third in history for BTC and XRP, second ever for Ether pic.twitter.com\/bzVfK3ZpBp \u2014 Tony “The Bull” (@tonythebullBTC) July 19, 2023 What Is A Golden Cross In Crypto? A golden cross occurs when a higher timeframe moving average, typically a 200-period MA, crosses above a lower timeframe moving average, usually a 50-period MA, from below. In contrast, a death cross happens when the two cross down from from above. These crossovers generate a buy or sell signal in a moving average-based trading system. Such systems are designed to capture the majority of a trend, but tend to miss much of the early part of a rally as it awaits confirmation. The 3-day golden cross throughout the years | BTCUSD on TradingView.com Moving Average Crossover: How Does The Signal Stack Up? The only time the signal suffered a drawdown was in Bitcoin in 2019. In all other instances, the buy signal using nothing more than a simple moving average crossover, was wildly profitable with limited downside. In 2015, the BTCUSD 3-day golden cross yielded over 2,000% ROI before crossing back down and giving the corresponding sell signal. XRP\u2019s golden cross to death cross kept more than 9,000% of the uptrend\u2019s gains. Ethereum never fired a signal back then, however, due to insufficient price history. Related Reading: This Bitcoin Continuation Pattern Points To 3-6 Months Of Uptrend Ahead Come 2019, Bitcoin had its misfire where the buy signal then sat through a long drawdown. Neither XRP nor Ethereum triggered a signal until 2020, when the entire crypto market began to rally together. The 2020 ETHUSD golden cross held onto over 1100% ROI before the death cross closed out the position. XRP failed to set a new all-time high, but the golden cross still clocked in 200% ROI. Even though Bitcoin fired early in 2019 and sat through a drawdown, the buy signal was still ultimately effective and retained 550% ROI by the time a death cross caused the position to close. Across the five historic buy signals, there was an average of 2,570% ROI when a golden cross occurred. While such returns aren\u2019t likely in the future, this does suggest the signal is effective. Tony is the author of the CoinChartist (VIP) newsletter. Follow @TonyTheBullBTC & @coinchartist_io on Twitter. Or join\u00a0the TonyTradesBTC Telegram for daily market insights and technical analysis education. Please note: Content is\u00a0educational and should not be\u00a0considered investment advice. Featured image from iStockPhoto, Charts from TradingView.com<\/p>\n","protected":false},"author":517,"featured_media":543433,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[428,1119,88139,1144,8323,1946,8686,4531,74937,82826,10972],"class_list":["post-543431","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-bitcoin","tag-btc","tag-btceth","tag-btcusd","tag-eth","tag-ethereum","tag-ethusd","tag-xrp","tag-xrpbtc","tag-xrpeth","tag-xrpusd"],"acf":[],"yoast_head":"\n
Bitcoin, XRP, & Ethereum: Three Top Coins On Brink Of Golden Cross<\/title>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\t\n\t\n\t\n\n\n\n\n\n\t\n\t\n\t\n