A friend just asked me: “The $CYBER 4-hour MACD has formed a golden cross. Is it time to get in?”
I gave him a few straight answers:
1. This is a golden cross below the zero line, so it’s more of a rebound signal and not as significant as one above the zero line.
2. MACD is a lagging indicator. By the time the crossover appears, the market has already moved for a while.
3. Don’t look at this indicator alone; you should also pay attention to trading volume and key levels.
He thought about it and said, “So I still have to read the charts myself.” Exactly—the indicator is just a heads-up.
#CYBER
I gave him a few straight answers:
1. This is a golden cross below the zero line, so it’s more of a rebound signal and not as significant as one above the zero line.
2. MACD is a lagging indicator. By the time the crossover appears, the market has already moved for a while.
3. Don’t look at this indicator alone; you should also pay attention to trading volume and key levels.
He thought about it and said, “So I still have to read the charts myself.” Exactly—the indicator is just a heads-up.
#CYBER
