Post
Topic
Board Speculation
Merits 2 from 2 users
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
dragonvslinux
on 22/01/2020, 16:25:41 UTC
⭐ Merited by infofront (1) ,Cryptotourist (1)
Weekly MACD close to a bull-cross (first time since February 2019, that would confirm a long-term trend change):



Daily MACD losing bearish momentum now heading towards bear-cross (notice the potential for a single candle fakeout 17/12/19 and 24/10/2019):



Monthly MACD bear-crossed (but is now trying to bull-cross again the following month creating potential as well for a "macd fakeout")



Weekly bulls vs Daily bears and exhausted Monthly bears. Still waiting for volatility given the indecision on different time-frames...
Also, don't trust the macd, clearly it can give out "fake" signals Wink