Bitcoin MACD Analysis ◄► Bullish Forecast

in bitcoin •  7 years ago 

MACD standard settings + Keltner Channel show what looks to be a clear and obvious bottom before powerful move up. Whenever MACD is flat and compressed, a powerful move follows. Since MACD is resting on lower channel, we can assume bottom.

See my previous post for further confirmation of bottom.

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Why is bitcoin low in price?

Market cycles combined with price manipulation.