What are some historical examples of significant price movements in cryptocurrencies following the 50 day crossing the 200 day?

5 answers

• Dec 17, 2021 · 3 years ago
  Sure! One historical example of a significant price movement in cryptocurrencies following the 50-day crossing the 200-day is Bitcoin in 2017. In July 2017, Bitcoin's 50-day moving average crossed above its 200-day moving average, which signaled a bullish trend. This event was followed by a massive price surge, with Bitcoin reaching an all-time high of nearly $20,000 in December 2017. This example highlights the potential impact of the 50-day crossing the 200-day on cryptocurrency prices.
  493247
• Dec 17, 2021 · 3 years ago
  Oh boy, let me tell you about a historical example of a wild price movement in cryptocurrencies after the 50-day moving average crosses the 200-day. Remember the year 2018? Well, in April of that year, Ethereum experienced the 50-day crossing above the 200-day. And what happened next? Bam! The price went on a rollercoaster ride, dropping from around $700 to below $100 by the end of the year. Talk about a rough time for Ethereum holders!
  440147
• Dec 17, 2021 · 3 years ago
  Ah, the 50-day crossing the 200-day, a classic indicator for significant price movements in cryptocurrencies. Let me give you an example from the past. In 2019, Ripple's XRP had its 50-day moving average cross below the 200-day moving average. This bearish signal was followed by a prolonged downtrend, with XRP losing more than 90% of its value over the next year. It just goes to show the power of these moving averages in predicting price movements.
  452113
• Dec 17, 2021 · 3 years ago
  When it comes to historical examples of significant price movements in cryptocurrencies following the 50-day crossing the 200-day, one cannot ignore the case of Bitcoin Cash in 2017. After the 50-day moving average crossed above the 200-day, Bitcoin Cash went on a crazy rally, surging from around $300 to over $4,000 in just a few months. It was a wild ride for Bitcoin Cash enthusiasts, that's for sure!
  40581
• Dec 17, 2021 · 3 years ago
  Let me share with you a historical example of a significant price movement in cryptocurrencies after the 50-day crossing the 200-day. In 2020, Litecoin experienced this crossover, and it was followed by a strong uptrend. The price of Litecoin increased from around $40 to over $80 within a couple of months. This example demonstrates the potential for profitable trading opportunities when paying attention to these moving averages.
  43272