🐋 $BIRB The daily chart is above MA200 (0.07978), up 36% in 24h.
Moving averages on the daily chart are levels many medium- and long-term investors refer to, so let’s first understand what they are.
The so-called golden cross and death cross usually refer to the crossover of the daily MA50 and MA200: when the MA50 crosses above the MA200, it’s called a golden cross; when it crosses below, it’s called a death cross. These are crossovers between two moving averages, not the price crossing a moving average.
Don’t disrupt your original plan based on a single number—and definitely don’t use borrowed money to test a reading.
#BIRB
Moving averages on the daily chart are levels many medium- and long-term investors refer to, so let’s first understand what they are.
The so-called golden cross and death cross usually refer to the crossover of the daily MA50 and MA200: when the MA50 crosses above the MA200, it’s called a golden cross; when it crosses below, it’s called a death cross. These are crossovers between two moving averages, not the price crossing a moving average.
Don’t disrupt your original plan based on a single number—and definitely don’t use borrowed money to test a reading.
#BIRB