harryBitcoin

Either up now or another 2 weeks of consolidation.

OKCOIN:BTCUSD   Bitcoin
4
I would usually be short here but the fact that the weekly MACD has just crossed up is making me cautious. The price could either follow the blue arrows (consolidating within the dark red triangle more) or break out now (green arrow).

I am new to charting so comments / criticisms are welcome.

EDIT: The attached chart has the MACD scaled properly. Sorry

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