$BTC 4-hour MACD forms a bullish crossover below the zero line, after 21 consecutive countertrend histogram bars.
A beginner’s burning question: What is MACD?
The height of the bars reflects the distance between DIF and DEA. Bars getting longer one after another indicate that momentum in the current direction is strengthening; shorter bars mean it’s weakening.
Whenever the fast and slow lines cross, my hands immediately start itching to trade. Luckily, I checked the definition first.
The same data can mean very different things in different market conditions, so don’t blindly apply a single rule of thumb.
Not investment advice.
A beginner’s burning question: What is MACD?
The height of the bars reflects the distance between DIF and DEA. Bars getting longer one after another indicate that momentum in the current direction is strengthening; shorter bars mean it’s weakening.
Whenever the fast and slow lines cross, my hands immediately start itching to trade. Luckily, I checked the definition first.
The same data can mean very different things in different market conditions, so don’t blindly apply a single rule of thumb.
Not investment advice.