it’s just a moving average cross. 50 day MA moves below 200 MA, that’s it. Can be a bearish sign but I’ve seen it bounce in this moment a bunch of times.
But technical analsyis is just drawing imaginary lines on a chart, they know nothing about how stupid Trump and Musk are so it might very well be bearish. At least I hope so. I want to see him get margin called at 114$ or so they say.
it’s just a moving average cross. 50 day MA moves below 200 MA, that’s it. Can be a bearish sign but I’ve seen it bounce in this moment a bunch of times.
But technical analsyis is just drawing imaginary lines on a chart, they know nothing about how stupid Trump and Musk are so it might very well be bearish. At least I hope so. I want to see him get margin called at 114$ or so they say.
Technical analysis is where gambler’s fallacy meets self-fulfilling prophecy. Though other forces are also in play.