How to Utilize the Golden Cross to Make Profits in 2024?

Krutika Adani

The Golden Cross is a widely-used indicator for identifying the beginning of significant rallies.

It involves a short-term moving average (e.g., 20 or 50 DMA) and a longer-term moving average (e.g., 50 or 200 DMA).

When the short-term moving average crosses above the longer-term one, it's termed a Golden Cross.

Historically, it's proven effective in pinpointing bull runs across various cryptocurrencies.

While the indicator can be influenced by news events, such occurrences are rare and typically have minimal impact.