There have been 3 notable golden crosses before today on the 50/200 Daily Moving Average. They are as follows (look for where the red line 200 DMA crosses the yellow line 50 DMA from above).
Golden Cross in 2012
Price is flat during Golden Cross. Price up by ~ 60% 3 months later
Golden Cross #1 in 2015
Price is falling during Golden Cross. Price down by ~9% 3 months later
Golden Cross #2 in 2015
Price is rising during Golden Cross. Price up by ~45% 3 months later
Today's Golden Cross for comparison purposes
Price is rising during Golden Cross.
Analysis
So far, most traders seem to be assuming that today's Golden Cross will be like Golden Cross #1 in 2015, with the price crashing from resistance at $6k. But the mood in July 2015 was very different from today. Importantly, in 2015 the price had already started to crash before Golden Cross #1.
Today's Golden Cross most closely resembles Golden Cross #2 in 2015. Which suggests we could find ourselves with a price of increase of 45% within 3 months, which would be nudging $8,000 in July (and possibly a spike to 10,000 before that...)
Golden Cross in 2012
Price is flat during Golden Cross. Price up by ~ 60% 3 months later
Golden Cross #1 in 2015
Price is falling during Golden Cross. Price down by ~9% 3 months later
Golden Cross #2 in 2015
Price is rising during Golden Cross. Price up by ~45% 3 months later
Today's Golden Cross for comparison purposes
Price is rising during Golden Cross.
Analysis
So far, most traders seem to be assuming that today's Golden Cross will be like Golden Cross #1 in 2015, with the price crashing from resistance at $6k. But the mood in July 2015 was very different from today. Importantly, in 2015 the price had already started to crash before Golden Cross #1.
Today's Golden Cross most closely resembles Golden Cross #2 in 2015. Which suggests we could find ourselves with a price of increase of 45% within 3 months, which would be nudging $8,000 in July (and possibly a spike to 10,000 before that...)
Assembles most likely, from my visual impression, the #2 of 2015, too. Will try a zoom in onto that area. If the sudden jump as has been happening 4/2/2019 can be found in a similar percentage gain, this might be a valid prevision.
Three monthes are enough reaction time for sorting out personal financials.