Quote from: Edwardard on Today at 08:01:19 AM

It is not that reliable since it is just another lagging indicator (following the price with a delay) like anything else. Meanwhile (guess you missed it), if you notice we are about to get a death cross on the weekly for the first time in btc's entire price history. So, which one are you going to trust now ? Potential daily golden cross or the weekly red flag? Both are higher tfs and equally important.

Look wider, Bitcoin is always bullish so that I don't mind about golden cross, death cross. With actual Bitcoin hodlers, they don't let their emotion uncontrollable and make panic decision with golden cross or death cross.

I agree with you that those crosses are very lagging indicators.

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Fundamentally speaking, we are getting inflation down slowly but the stronger rally will happen once fed decides to cut down on interest rates. 1st feb meeting is the decider for me now. Will decide which cross to trust on that day

Interest rate won't be increases shortly but gradually so if FED want to cut it down, they will do it gradually too. So far, FED has yet announced any signal that they will cut it down. I believe they will continue to increase it in 2023 but with much slower increasing rate than in 2022.

When we see on media that FED are considering to cut down interest rate, it will take a few months, a half of year to have actual cut down.