berkona

Using an old method on daily BTCUSD

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
I graphed the trend-line of the histogram for the MACD/Signal Line. There's a characteristic double peak (triple if you count lull in change of price movement after the big peak) that shows a trend reversal. This says to me a downward trend for the next few weeks at least. On the up side, the daily is still above a green (though thin) ichimoku cloud . This says to me we probably will see a fall in price, but a major crash would require a breach of the main support for this upwards trend.
I really hate the situation of the market like this - one bad move and you'll get rekt!
+1 Reply
berkona beamer
I fully agree. I don't really have the money to play with anything but dust, but I love all the signal analysis and reading of graphs that makes or breaks a trade.
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beamer berkona
I was like you at the first place, before I started to jump in with full load of cash after some of my analysis hit the right spot :D
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