🔴 How To Use The MACD For Cryptocurrencies Timing (Moving Average Convergence Divergence) – 753

I discuss why the cryptocurrencies are NOT quite set up to sustain a strong rebound rally. In this video I use the charts for Bitcoin [7,434] as a representative of the entire crypto space.

The current issue -in my humble opinion – is that we have yet to see the daily MACD confirm rebound potential, and as such we should wait until such a time (which might take days, or even weeks to set up correctly) that the charts confirm better odds for the cryptocurrencies to move higher without fading all to easily.

We should not forget that the downside risk remains real since we have many cryptocurrencies still showing their weekly MACDs at all time lows – which is a very bearish sign.

Of course, I will continue monitoring the situation for you.

BTC.X #BITCOIN #BTCUSD

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