do u use Bitfinex chart, because its not whole and looks more bearish? Try coinbase and u see everything and then u got right MACD value.
Zero_Gravity
⋅
If, and that's a big if, that is a Triangle, per EW, we would expect a smaller move down, but it would be followed by a larger move up. (Macro wave 5).
Dangermousebanana
⋅
@Zero_Gravity, thanks for commenting. All the best to you !!
FlowersFor
⋅
@Zero_Gravity, But this chart is incomplete, he was using Bitfinex. if he was using coinbase he got 2015-2022, now he see only May 2018-2022. and Using monthly time frame MACD is false indicator
FlowersFor
⋅
When monthly Macd is goint down and its around half way down, price can be allredy close the bottom price.
Monthly MACD got a huge Lag and its a bad indicator.
Just like the last time, price was almost the bottom when monthly Macd was half way down.
And be sure when u look Monthly MACD that u got lot of history on the chart, or it will be false indicator.
Dangermousebanana
⋅
@FlowersFor, my MACD was on the monthly. I think price is in line with indicator and I do NOT think we are close to a bottom yet. However I thank you for commenting !! It adds value to this space.