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FrankPlankton
May 1, 2020 5:08 PM

Extraordinary MACD on daily timeframe Short

Bitcoin / U.S. dollarBitstamp

Description

Nowadays, we are experiencing the longest "green MACD" on a daily chart since the last 3 years. The question is: "Is it going to continue?". I think definitely not forever.

As you can see, the longest "green MACD" took 59 days and it was since 31st of March 2017 till 29th of May 2017, so i mean we have some space left, because today we are 41 days in green, but be prepared for a possible dump and the red territory again at least for a while.

BUY THE DIP

Comment

50th day in green seems pretty serious. I'm really curious about what's next.

Comment

7 weeks after, still moving "sideways"...

Comment

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Bang! BTC is shooting up through both, downward and upward longterm trendlines.
Is the shakeout coming before next massive moves with trend, or not?
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