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For those of you who are unaware, a golden cross is a classic buy signal that is produced by graphing the moving averages (MA) of various days and opening a long position in a chosen security or cryptocurrency when the shorter MA crosses the longer MA at a close to ninety degree angle. Traditionally golden crosses have been identified by using 50 and 200 day Moving Averages. The volatility of most cryptocurrencies has reduced the usefulness of this buy signal when attempting to quickly make multiple trades in a single day. Instead, if a 2 and 10 day MA is applied, shorter opportunities to enter and exit the market appear. Allowing one to quickly make trades.
