user100000
Long

Long term MACD divergence

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
It is usually the case that wave 3 of an impulse wave marks the lowest (or highest) point on the MACD indicator. This confirms my wave 3 label on the long term chart. You can also see a divergence between waves 3 and wave 5. That is typical behavior. Even though wave 3 occured in Feb (many many months ago) the divergence between 3 and 5 still hold after all these months.
It's mean : the next is going to ....
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user100000 khoilevt
the bull market resume with wave 5 in progress to all time highs (1163+)
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I thought you didn't use indicators...
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user100000 MoonTrader
i don't usually. but only to confirm wave 3/5 divergence. macd only
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