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RE: Bitcoin (BTC) Morning Update: MACD is SOOO Bullish Looking!

in #bitcoin • 6 years ago

Honest question. Before the big spike in Nov, Dec. The MACD didn't look like it was contracting and stuck between a wedge, yet there was a huge bull run. Why wasn't it significant then, and it is now? Thank you for your posts, and the time you put into this

6 years ago in #bitcoin by
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     6 years ago 

    Usually when the MACD is forming a triangle, it is during corrections where the price bounces back and forth. During strong up trends, the MACD is moving up along with the price and doesn't need nor will form a wedge.

    Although a triangle could indicate explosive actions, not all big price moves have to come after a triangle.

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     6 years ago (edited)

    Awesome! That makes perfect sense. Your point is also further supported by the fact that so many alts have had that contracting MACD (and they've also been in correction mode for a while). Doesn't have to have a contracting MACD to have a bull run...it's just a good sign that something is about to change.

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     6 years ago 

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