From time to time I publish such ideas.
The situation flowing from one timeframe to another timeframe.
So we have a correction, which may first lead the bitcoin to the area of $ 25,200-25,000...
This process may well take the rest of the week or more.
But! Look at the weekly chart with MACD on.
A «bad» cross may well form, if not this week, then as early as next...
Wzuppp!
This is not a trading forecast, but an attempt to figure out Cluster Algorithm II indicator.
As I understand it's a clone of the thing from these guys .
And even though it's supposed to be an intraday tool, I used a 1W.
Usually, such indicators reach a high or low, after which they change their colour and direction.
But here we can see two episodes that...
