Then it looks like we have a much steeper sell off. Based solely just on the MACD Histogram, its showing that selling has just begun. The charts showing $6,000 or less are starting not to look so crazy, specially when you take into account the RSI and MACD on the 1W. Pure and simple, its showing a deeper selling before finding stability.
There is no point in the MACD where it started selling off and immediately stopped.. it showed a few months of bear market activity (red) then followed by bull markets (green). If we go just off that, it looks like selling has just begun and has a little before a new bull market.. possibly December. Thoughts?
There is no point in the MACD where it started selling off and immediately stopped.. it showed a few months of bear market activity (red) then followed by bull markets (green). If we go just off that, it looks like selling has just begun and has a little before a new bull market.. possibly December. Thoughts?
