🔹 #BITCOIN is looking bullish 🔹
The bitcoin MACD line went above the signal line late on Tuesday and has so far stayed in the bull region, at least until the time of writing. The conventional 12-26 EMA formula shows the market recovering well, regardless of the SEC’s ETF rejection news; the more sensitive 5-35 EMA MACD (using a 5-EMA signal) indicates a slight drop in momentum, which has already started to pick up again.
At its most basic, the MACD indicates increasing momentum against an established price trend. Combined with a 9-EMA, known as the signal line, investors watch out for a ‘crossover’. When the signal line goes over the MACD line, this is considered a bearish signal; when the MACD crosses the signal line, it is considered bullish.
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At its most basic, the MACD indicates increasing momentum against an established price trend. Combined with a 9-EMA, known as the signal line, investors watch out for a ‘crossover’. When the signal line goes over the MACD line, this is considered a bearish signal; when the MACD crosses the signal line, it is considered bullish.
Join us on public channel for more: https://t.me/cryptotradingroom1
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