A friend asked me today: “The daily MACD for $BIRB has formed a golden cross. Is it time to enter?”
I told him a few things straight:
1. This golden cross is below the zero line, so it’s more of a rebound signal and less reliable than one above the zero line.
2. MACD lags. By the time it crosses, the price has already moved some distance.
3. Don’t look at this indicator alone—trading volume, support, and resistance matter too.
After hearing me out, he said, “So after all that, I still have to make the call myself.” That’s right. Indicators are just there to give you a heads-up.
#BIRB
I told him a few things straight:
1. This golden cross is below the zero line, so it’s more of a rebound signal and less reliable than one above the zero line.
2. MACD lags. By the time it crosses, the price has already moved some distance.
3. Don’t look at this indicator alone—trading volume, support, and resistance matter too.
After hearing me out, he said, “So after all that, I still have to make the call myself.” That’s right. Indicators are just there to give you a heads-up.
#BIRB