@TesslaBull
from around jan 2020 to around may 2022,
the yellow line, 50day Simple moving average was _above_
the thick black line, 200 day SMA
the light blue line 20 day SMA
ie 50 day SMA > 200 day SMA (upwards pressure?)
things generally trending upwards, tho the "ziggy zaggy" daily prices tend to say "jold ma bheer fer a bit"
from around may 2022 trend was downwards, occasionally with a vengence
ie 200 day SMA > 50day SMA (downwards pressure?)
now the trend _may_ be reversing_,
but again "ghod (and the quants) only noes"
(whats it gonna be boy?)
the significance of the cross, at least to me, is a _lot_ of real folks, plus "synthetic" folks, lesser grade AI's and programs follow those indicators and _may_ tend to exercebate moves, preferably upwards
Is it predictive? I have no idea but probably not
confirmatory? the eyes can see patterns in hallucinations and ears hear commands from unseen voices from invisible beings so maybe
Is it better than "scrying" (reading warm fresh sheep entrails)
I have no idea nor do I want to know, but you did ask that thats my interpretation
(I've followed TA for 40 years, if it worked and _only_ I used it maybe, but enough use it so predicitve value diluted out) but still pretty patterns)
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