Hi, why does your MACD already on a downtrend and about to cross over and switch to uptrend? On my chart it is the opposite. It's now about to cross and form a downtrend on the 1 hour chart.
davedesigns
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@Tamadon, My chart here is 15min - the MACD will be different at different timeframes. It's sometimes good to compare multiple timeframes and if they all show the same trend about to happen then it's a good confirmation.
Tamadon
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@davedesigns, ah, I though you were using a n1hr chart. Thanks!
khandujarohan
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Any charts for ETH USD ?
davedesigns
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@khandujarohan, No sorry I just trade against BTC - but you can use this technique for any trading pair.
Tamadon
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It's already dropping now
davedesigns
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@Tamadon, yes I posted this idea when it had pierced back above the 61.8 fib level - looks like it's revisiting the 38.2 now... I'll do another chart here in a minute lol
DJLoveHz
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@davedesigns, Please, would love to read where people think this is going right now.