MACD analisis on BTC

COINBASE:BTCUSD   Bitcoin / U.S. Dollar
Bitcoin as a market is not efficient: on large exchanges (Coinbase, Kraken) you have a lot of retail players; on the smaller exchanges, volume numbers are inflated, often using trading bots; the futures marketplace of CME and CBOE have limited volumes and very large orders take place via OTC trades that aren't always reflected on time. FUD and FOMO drive the price for BTC , which is why I trade based on momentum, basically buy strength and sell weakness.
Using Moving Average Convergence Divergence analysis on BTC may seem simplistic, but for a retail trader like myself, I don't really need more than that;
(this is not investment advice)
Trade closed manually: As of close of June 25 (12:00 UTC), the standard MACD histogram has crossed over to the positive side (now at +0.45) and it is signalling a Bullish Divergence. The divergence is short for my taste, with only 13 bars (days) distance between both (histogram) bottoms. Today's close, in about 22 hours from now, will confirm whether the market is indeed turning around. I am bearish but I cannot ignore the price action, and so I keep my short positions light, and I"ll watch over the market for the rest of the day. I'll be ready to stop my losses it BTC goes above 6600. (Remember this is not investment advice)


Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Refer a friend My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out