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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 ๐ŸŽฉ๐Ÿ–๐Ÿงพโ“‚๏ธ pfp
WooDee ๐ŸŽฉ๐Ÿ–๐Ÿงพโ“‚๏ธ
@woodee.eth
If blue is 50MA, That's a death cross right there on Daily timeframe ๐Ÿ˜จ
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degen chad pfp
degen chad
@degen-chad
Death cross happened around April 6th. What most people donโ€™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. Doesnโ€™t totally invalidate the signal, just makes it far less meaningful
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