M chart in bitcoin ? oh yes for that long temn investment

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar better view
Wow in mine opinion this is such a big time scale for macd ....
+1 Reply
MACD isn't made for crypto... at least not at those settings.

And why such a coarse timeframe for a 24/7 coin? This isn't a 10 year stock.

Weekly is the most consolidation you should do.

myselfbtc MarvinMartian
u can agree or disagree thats one thing, macd is math and math do apply to crypto
MACD is lagging like hell. Don't trust the MACD, especially not in a monthly chart.
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HerSerenity ChartArt
EMAs are lagging like hell, MACD was designed to help that very problem (and doing a pretty good job at that -- still one of the best performing indicators out there); agreed on the timeframe though, trading cryptos on 1M will get you into deep.. problems!
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myselfbtc HerSerenity
dont think SMA, EMA or BB (BB is also based on SMA)are a joke
RSIs are on the other end, im so confounded.

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It's funny that even with such little data that monthly negative turn on the MACD histogram coincides with the major bear signs on the weekly. I keep thinking we're about to see something we have yet to see in bitcoin: a real downtrend. Thanks for posting.
+1 Reply this chart has mtgox data from 2010 and 2011 until first day of trading in bitstamp
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