Quick glance: We have come up with another tutorial to maximise the potential of MACD in capturing a trend. In this tutorial, we discuss the use of MACD in different time frames in crypto-trading.
First let us understand how is the MACD histogram calculated?
The MACD-Histogram measures the distance between MACD and its signal line (the 9-day EMA of MACD).
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This is based on the Bitcoin Market Cycle 2017 - 2018. Please note that this for Uptrend Market and it's totally Opposite for Downtrend Market if you are able to Short.
Also note that you can apply the same for any Market not just for Bitcoin.
- In a Uptrend We have 5 Waves followed by 3 Corrective Waves
- In that 5 Waves 1,3 & 5 are Impulsive Waves Going up...