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RE: BTC - Bitcoin sees Record Volume and the Death Cross proves contrarian yet again!
What about the reverse? Would that bullish signal also be a leading indicator and thus actually be a signal for a correction perhaps?
Possibly. I think there needs to be a bit of context. As someone else mentioned, when the 200 MA is pointing up, the death cross tends to fail more often. That likely has to do with prices being in a longer term uptrend during the pullback. The inverse is probably true as well. The golden cross probably is a contrarian indicator more often when the 200 MA is pointing down during the cross...