1 week view on btc - much needed perspective

in indicators •  7 years ago 

Hello all, as I look at the 1 week momentum, macd, and price movement, I can't help but see a couple strong indicators.

  1. When the 1 week momentum has turned up sharply, it has almost always resulted in a sharp rise in price, even if brief.

  2. The MACD is not at close to crossing over into positive territory which could point to a longer stretch of riding a basin. But if it does continue to turn up, the price rise could very significant.

BTC6-19-18.JPG

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