Looking back the the last three cycle bottoms (assuming we had put in our all-time-low recently) it appear the MACD is showing a repeating cycle pattern.
Crossing down into the ATH then flashing a false bullish signal only to then cross up over and initiating a bullish period.
However the all-time-low seems to get retested so a second possible entry point to buy was given the last two time, while you would have missed out on a 2-3x set.
And we have a MACD divergence (MACD showing upward trend while BTC is tracking down)[I did not mark that on the chart explicitly.
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Crossing down into the ATH then flashing a false bullish signal only to then cross up over and initiating a bullish period.
However the all-time-low seems to get retested so a second possible entry point to buy was given the last two time, while you would have missed out on a 2-3x set.
And we have a MACD divergence (MACD showing upward trend while BTC is tracking down)[I did not mark that on the chart explicitly.
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** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. **
--------------------------------------------------------------------------------------------------------
!! Donations via TradingView coins also help me a great deal at posting more free trading content and signals here !!
