⏰ $MAGIC 4-hour MACD death cross⚠️
Take two seconds to stay calm and understand MACD first 👇
A golden cross occurs when DIF crosses above DEA from below; a death cross occurs when DIF crosses below DEA from above. The corresponding histogram bars change from negative to positive and from positive to negative, respectively.
A crossover by itself is just a signal. Whether the price has crossed a key support level and whether trading volume has kept up are often used for further confirmation.
The point of understanding an indicator is to avoid being spooked by numbers, not to use it to predict whether prices will rise or fall.
#MAGIC
Take two seconds to stay calm and understand MACD first 👇
A golden cross occurs when DIF crosses above DEA from below; a death cross occurs when DIF crosses below DEA from above. The corresponding histogram bars change from negative to positive and from positive to negative, respectively.
A crossover by itself is just a signal. Whether the price has crossed a key support level and whether trading volume has kept up are often used for further confirmation.
The point of understanding an indicator is to avoid being spooked by numbers, not to use it to predict whether prices will rise or fall.
#MAGIC