BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
"On the other hand, if a stock falls but the MACD flattens out and starts to move up, a near-term bottom in the stock is likely."

Trendlines are unreliable and sometimes the market can just go straight through in to a sideways continuation. But why waste a chance to post this chart just on the possibility it might go up.

T-7 and counting...
If you can't make money during a bear market, you won't have the will to take profits during a bull market.
near term bottom means shakeout to 6K to 5.8k before good uptrend?
Reply
Rotox WealthHustler
@WealthHustler, It's possible, moreover it's tempting for anyone with the capacity to do so, but breaking up to fake the end of the downtrend claimed a lot of victims back in May 14 as well. The beauty of the bear market this year has been the ability to ride big swings in both directions, which imho is easier to trade than trying to trade dips during a bull market. We haven't tested the 1D 200MA since May which is currently at 7250, so my sense of things at the moment is it would make more sense for a bearish continuation to test that and fail rather than trying to break well established support at 5800 straight away.
Reply
@Rotox, thank you for your input, cheers! followed you too :D
+1 Reply
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing Get Help Ideas Published Followers Following Private Messages Chat Sign Out