Golden cross signal on TF week.When a death or golden cross occurs, if the angle at which they intersect is steep, the price tends to either drop or surge by 70-80%.
Looking at the previous occurrence of a death cross, before it happened, the price had already dropped by 50%.
However, the upcoming golden cross at the 50/200 lines doesn't have a steep angle like the death cross earlier in the year. This leads me to believe that the price can still move.
Cipher SMC is a trading strategy that involves understanding market structure, supply and demand concepts, and liquidity concepts. It is a mechanical strategy that helps traders identify potential trends and reversals by providing insights into the buying and selling pressure in the forex, stock and crypto market. The strategy allows traders to locate imbalances in the market and provides more information about the market when it opens and when it closes. It is recommended to have a solid foundation with regards to market structure before using this tool. Use these concepts alongside other concepts such as Order Flow, Structure, Liquidity etc to build your overall story! As always, keep it Simple and Systematic and you will be just fine ;)
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