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Bitcoin / TetherUS

MACD: Bitcoin is squeezing

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MACD is a good tool for detecting squeezing. When squeezing happens, two MACD lines stick together and move horizontally. The charts below show this
over the years.
snapshot
snapshot
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MACD now represents bitcoin squeezing. We should wait for a rapid jump in bitcoin (up or down) in the near future
cryptoonchain
For more of my on-chain analyses, visit my CryptoQuant profile:
cryptoquant.com/profile/u/CryptoOnchain?tab=quicktake
Also on:
Technical IndicatorsTrend Analysis

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Technical IndicatorsTrend Analysis
cryptoonchain
For more of my on-chain analyses, visit my CryptoQuant profile:
cryptoquant.com/profile/u/CryptoOnchain?tab=quicktake
Also on:

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.