Technical note | $BIRB | Daily price above MA200 | MA200 0.07978
First, the definition: The commonly mentioned golden cross and death cross generally refer to the daily MA50 crossing the MA200. When MA50 crosses above MA200, it’s called a golden cross; when it crosses below, it’s called a death cross. These refer to the crossover between the two moving averages, which is not the same as the price moving above a particular moving average.
A common interpretation: When the price moves too far away from a long-term moving average, it’s often seen as likely to revert toward the average. But when the trend is very strong, the price can remain far from it for a long time.
Don’t place an order at the most volatile moment; wait for the price action to play out before assessing it.
#BIRB
I often get it wrong too, so use your own judgment.
First, the definition: The commonly mentioned golden cross and death cross generally refer to the daily MA50 crossing the MA200. When MA50 crosses above MA200, it’s called a golden cross; when it crosses below, it’s called a death cross. These refer to the crossover between the two moving averages, which is not the same as the price moving above a particular moving average.
A common interpretation: When the price moves too far away from a long-term moving average, it’s often seen as likely to revert toward the average. But when the trend is very strong, the price can remain far from it for a long time.
Don’t place an order at the most volatile moment; wait for the price action to play out before assessing it.
#BIRB
I often get it wrong too, so use your own judgment.