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Bitcoin Discussion
Re: The Death Cross is a Good Thing!!!
by
Henrobakkara
on
22/06/2021, 07:02:54 UTC
Quote from: Barry Mantle on
Today
at 05:32:16 AM
the previous bull run crashed after a golden cross and recovered after a dead cross.
why would anyone listen to this TA bullshit if it tells you to sell after the crash has already happened?
Yeah some of these TAs are lagging indicators.
A lagging indicator is a financial sign that becomes apparent only after a large shift has taken place.]=https://www.investopedia.com/terms/l/laggingindicator.asp#:~:text=A%20lagging%20indicator%20is%20a%20financial%20sign%20that%20becomes%20apparent,they%20do%20not%20predict%20them.&text=Looking%20at%20lagging%20indicators%20is,the%20economy%20has%20actually%20occurred.] A lagging indicator is a financial sign that becomes apparent only after a large shift has taken place.
So you see, it will seems like they are misleading you but this is why it is also good for investors to understand the TAs and what their interpretation of that is what you want to base your trading on.