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XzeroR3
Dec 22, 2017 5:05 PM

BTC Decline is Accelerating 

Bitcoin / U.S. dollarBitstamp

Description

MACD crossing sections are showing a speed up in declining trend lines.

This is my first published Idea and I am new to Trading View / Investing. I apologize in advance for not using the correct terminology.

Comment

The vertical lines marked where the EMA 12 and 26 cross and mark a significant decline. Additionally the vertical lines are shorter in distance in each cycle.

Comment

Seems the angle was too steep on the current trend line, looks like the brakes have been hit, waiting for the next MACD crossing to see where this goes.
Comments
omar.banuelos
How are you establishing your vertical lines? I agree on the continue downtrend.
XzeroR3
@Omar.banuelos, The vertical lines are on the MACD crossings where the EMA 12 and 26 meet.
omar.banuelos
@XzeroR3, How are you approximating the next cross?
XzeroR3
@Omar.banuelos, It's speculation for me, hence the "?", I'm not sure how to do the math to prove where the line should go.
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