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Regarding the weekly close as the MACD indicator's will show the trend shifting for BTCUSD when fast line and signal line do cross over within MACD.
Estimated MACD bearish cross signal will plays out on 5 august.( IF it do cross and depend on your time zone).
will bearish signal from macd fulfill it's bearish potential after shifting from bullish trend to bearish trend or or could this be a false signal.. ??Example MACD Crossover in stock market :
- Example of the crossover within BTCUSD in the past time. Also the crossover that took a false signal.
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False signal :
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Thank you for your time to read this post and please take this idea as a grain of salt as reality always differ from what i expect as this post merely just an opinion, any relation between my posts toward any of your trading decision would be on your own consequence. please feel free to share what your thought on comment section.
peace.
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