Technical analysis involves the use of statistical analysis to make trading decisions. Technical analysts use a ton of data, often in the form of charts, to analyze stocks and markets.&nbsp;<ul><li>A golden cross indicates a long-term bull market going forward.</li><li>A death cross signals a long-term bear market.&nbsp;</li></ul>Both refer to the solid confirmation of a long-term trend by the occurrence of a short-term moving average crossing over a major long-term moving average.

Golden Cross VS Death Cross

The golden cross occurs when a short-term moving average crosses over a major long-term moving average to the upside and is interpreted by analysts and traders as signaling a definitive upward turn in a market.There are three stages to a golden cross:<ul><li>A downtrend that eventually ends as selling is depleted</li><li>A second stage where the shorter moving average crosses up through the longer moving average</li><li>The continuing uptrend, hopefully leading to higher prices.</li></ul>

Golden Cross

Conversely, a similar downside moving average crossover constitutes the death cross and is understood to signal a decisive downturn in a market. The death cross occurs when the short term average trends down and crosses the long-term average, basically going in the opposite direction of the golden cross.

Death Cross

<ul><li>A golden cross suggests a long-term bull market going forward, while a death cross suggests a long-term bear market.</li><li>Either crossover is considered more significant when accompanied by high trading volume.</li><li>Once the crossover occurs, the long-term moving average is considered a major support level (in the case of the golden cross) or resistance level (in the instance of the death cross) for the market from that point forward.</li><li>Either cross may occur as a signal of a trend change, but they more frequently occur as a strong confirmation of a change in trend that has already taken place.</li></ul>

KEY TAKEAWAYS

A golden cross indicates a long-term bull market going forward, while a death cross signals a long-term bear market.

Technical Analysis

Golden Cross vs. Death Cross - Differences

The supply of bitcoins in the world is capped at 21 million and, currently, about 18.7 million have been mined. The production of new coins is slowed every four years or so, with the number of coins minted upon completion of a block cut in half each time.The limited supply is one of the things that makes Bitcoin attractive to many people. Decentralization means it is unlikely that any one person or group could gain control of the ledgers or enough of the currency to manipulate its value.

Supply

While early adoption was limited by technical difficulties and legal gray areas, the increasing number of uses and public awareness has increased demand. The number of places accepting them has spiked in recent years and is likely to increase alongside institutional acceptance of the currency. As the usefulness of Bitcoin increases, so does demand for them, especially when access to banking is limited.On the downside, a large amount of the demand for the coin continues to come from speculators who buy the coin in hopes of it increasing in value. Also, a fair amount of the demand is for questionable activity.&nbsp;

Demand

Countless other cryptocurrencies have entered the market. While it remains the dominant coin, Bitcoin's market share has fallen from 94 percent in 2013 to 64 percent in March 2020. Other major cryptocurrencies have different uses, but they often do overlap with the possible uses of Bitcoin.Overall, Bitcoin benefits from network effects: it becomes more valuable as more people use it. Bitcoin still remains the foundation of much of the crypto market, which moves in tandem with it.&nbsp;

Competition

One of the more popular uses of Bitcoin is as a gold-like store of value over the long-run. Claims that Bitcoin may someday be valued as high as $100,000 per coin are based on this idea of the coin as "digital gold."&nbsp;&nbsp;However, a number of studies have suggested that Bitcoin is a rather poor store of value, being subject to a fair amount of speculation and volatility and lacking the insurance other commodities have against theft or system failure.

On putting eggs in one basket

While Bitcoin is still subject to swings that would be eye-popping in other markets, this is an asset that does not behave quite like other, more traditional ones. As a result, the volatility of its price, which has dropped over the last few years, may not be a sign of the impending collapse of the coin's value but rather a feature of digital currencies.Or, it may be something else entirely. It is still too new to even find much agreement on how to study the stuff

Volatility has causes, maybe

Bitcoin is often derided as volatile, but a new report suggests there is a method to the madness.

Stashed ideas

To the moon? Five microeconomic lessons from Bitcoin

Too many new traders think that because they have $30K equity in their trading account that they some how have the right to trade five 5Lots and make more This cannot be further from the truth. If you can't trade $50 successfully, what makes you think that you have the right to trade $4000 Equity!!Most traders have self destructive behaviour that can only be fixed by just realising it &nbsp;

Discipline = Freedom 

Trading Discipline

Shadow on Aug 28

Bitcoin is the new currency created by Satoshi Nakamoto in 2009. Transactions take place without intermediaries - that means no banks! But most of the type is about getting rich by trading it. In 2017, the price of bitcoin reached thousands. In this article, we'll discuss about : "WHAT IS BITCOIN AND HOW DOES IT WORK".

What is Bitcoin? How does it work

Bitcoin is the new currency created by Satoshi Nakamoto in 2009. Transactions take place without intermediaries - that means no banks!

Welcome to Deepstash

Differentiation helps in understanding crypto better and enables you to go in a specific direction that you're familiar with. There are various categories of cryptocurrencies and these are the different types of cryptocurrencies:<ul><li>LARGE CAP</li><li>DE-FI</li><li>GAMING</li><li>MEMES</li><li>INTERNET OF THINGS</li><li>NFT</li></ul>

<ul><li>Bitcoin</li><li>Ethereum</li><li>Binance</li></ul>

LARGE CAP

<ul><li>Uniswap</li><li>Chainlink</li><li>PancakeSwap</li></ul>

DE-FI

<ul><li>ENJIN</li><li>DECENTRALAND</li><li>WINK</li></ul>

GAMING

<ul><li>DOGE</li><li>SHIBA INU</li><li>SAFEMOON</li></ul>

MEMES

<ul><li>IOTA</li><li>DIGIBYTE</li><li>VECHAIN</li></ul>

INTERNET OF THINGS

<ul><li>CHILIZ</li><li>ORIGIN PROTOCOL</li><li>BAKERY TOKEN</li></ul>

🤓 Understanding the different types of cryptocurrency