In this chart, you can clearly see how Bitcoin fell almost 40% on every sell signal on MACD. As you can see on the left, 2018 had 3 signals from ATH, 2 Sells and 1 Buy.
Something similar has happened now with Bitcoin. 3 Signals, 2 Sells and 1 Buy.
I am expecting another 40% drop in the price and will call that bottom of the cycle. Let's see how it executes in upcoming weeks.