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BTCStrategies
Apr 27, 2018 10:11 PM

BTC - Someone Stole my BIG MACD Short

Bitcoin / United States DollarCoinbase

Description

We should have seen more movement that this between MACD movements, but this is what we have today.

MACD: Possible dip as the signal line is crossing out moving average.
VI: VI(+) appears to to be poking its fin out of the water, just like a shark would want, but not high enough to say that we're all clear. VI(-) is above 1 indicating that we have strong negative momentum. Looking at the purple lines, we see there is a clear exchange
Volume: We've had a few more red bars than I want, and the average volume line is also dipping indicating that we will most likely be losing some value, probably down to Fib Sequences.
Auto.Fib.Seq: is where there we can find our bottoms. We will have either 8800 or 8400 (rounding off for mentally pleasing numbers).

Tough days ahead, but they will pass.
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