A friend just asked me: The $BTC 4-hour MACD has formed a death cross—is it time to get out?
I gave him three straight answers:
1. This death cross is below the zero line, which means the weakness is still there and the rebound has fizzled out again.
2. MACD is a lagging indicator; by the time it crosses, the price has already moved quite a bit.
3. Don’t look at this indicator alone—consider trading volume and key levels too.
After hearing me out, he said, “So after all that, I still have to make the call myself.” Exactly. Indicators are just a heads-up.
#BTC
I gave him three straight answers:
1. This death cross is below the zero line, which means the weakness is still there and the rebound has fizzled out again.
2. MACD is a lagging indicator; by the time it crosses, the price has already moved quite a bit.
3. Don’t look at this indicator alone—consider trading volume and key levels too.
After hearing me out, he said, “So after all that, I still have to make the call myself.” Exactly. Indicators are just a heads-up.
#BTC