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degen chad pfp
degen chad
@degen-chad
$BTC Breaking out. Getting very close to the prior lower high levels around 88,800. Clearing that, back testing and holding will be a serious sign of strength. Now working on closing a 5th daily candle above the 50 day moving average. Also testing the 200 day MA.
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WooDee 🎩🍖🧾Ⓜ️ pfp
WooDee 🎩🍖🧾Ⓜ️
@woodee.eth
If blue is 50MA, That's a death cross right there on Daily timeframe 😨
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degen chad
@degen-chad
Death cross happened around April 6th. What most people don’t understand about death crosses (or golden crosses) is that they are really only powerful signals when both moving averages are moving the same direction. As in; both lines trending down (death crosses) or both lines trending up (golden cross) In this case. 200 day is trending up and 50 day is trending down. Doesn’t totally invalidate the signal, just makes it far less meaningful
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