Golden Cross
By Cryptomcmillan1 | Updated on May 24, 2020
It is a bullish signal in technical candlestick pattern by comparing two lines of short-term moving average and long-term average. It is a golden cross when the short term moving average broke its long-term moving average because it means the short-term momentum is above its long-term momentum. There are three stages to a golden cross, where the first stage is when the downtrend has bottomed out. The second stage is when short-term moving average moves from below to above the long-term moving average. The last one is a sustained uptrend to higher prices. The opposite movement of golden cross is called death cross.
Related Terms
Dump
A common term used to describe downward market movement, or to describe the action of selling an individuals holdings.
Bakkt
Bakkt is a company developed by the Intercontinental Exchange (ICE), owner of the New York Stock Exchange. It specializes in Futures/Options contracts for cryptocurrencies.
Ponzi Scheme
A Ponzi scheme is also referred to as pyramid scheme, and typically takes the form of an investment scheme which pays existing investors with funds collected from new investors.
Mining
It is the process of the miners verify and adding transaction recors into a block.
Hungry for more knowledge?
Back to Glossary or Subscribe to our newsletter.