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Golden Cross/Death Cross

Golden Cross

For many traders, the "Golden Cross" is interpreted as one of the indicators of an uptrend and a strong buy detection. "Golden Cross" is the name given to the situation where the short-term moving average crosses above the long-term moving average.
The upward crosses of these two moving averages is a harbinger of an upward trend. Traders consider the "Golden Cross" to be a strong buy signal.
In "Golden Cross" calculations, the 50-day period value is generally used for the short-term moving average and the 200-day period value is used for the long-term moving average. But it can also be calculated using different time intervals.

Death Cross

Working with the opposite logic of the "Golden Cross" model, the "Death Cross" is an indicator of a downtrend. "Death Cross" is the name given to the situation when the short-term moving average crosses below the long-term moving average.
The downward crosses of these two moving averages indicates that the trend will turn down, that is, the downtrend. Traders consider the "Death Cross" cross a strong sell signal.
In "Death Cross" calculations, the 50-day moving average is generally used as the short-term and the 200-day moving average is used as the long-term average. But it can also be calculated using different time intervals.
​In order to easily obtain Golden Cross and Death Cross detections, you can create Alerts or Custom Signals through the Coinlegs system, and start autotrading bots on LegsBot by using the alerts you create.
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