RE: Bitcoin is Selling Off - But This is why you Should Relax

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Bitcoin is Selling Off - But This is why you Should Relax

in bitcoin •  7 years ago 

Good points, have you seen the macd divergence on daily chart? looks like this was expected move

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7 years ago by

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      ·  7 years ago 

    MACD indicators aren't really something I look at but I'm interested to see it on your chart if you'd be keen to share a screenshot and an explanation?

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        ·  7 years ago 

      Sure, here you go !

      As you can see, price is making higher highs, MACD is in opposite direction indicating weakness in the trend. In addition, we can see strong bearish engulfing pattern (rectangle box on top).

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