$BTC 4 The hourly chart shows a MACD golden cross below the zero line.
When assessing a MACD crossover, its position is more important than the crossover itself. A golden cross below the zero line means bearish momentum is weakening during a decline. It is essentially a rebound signal, and is less reliable than a golden cross above the zero line. Only when the DIF moves back above the zero line can we say the trend is strengthening.
Indicators describe the past; prices move into the future. Don’t treat them as predictions.
#BTC
When assessing a MACD crossover, its position is more important than the crossover itself. A golden cross below the zero line means bearish momentum is weakening during a decline. It is essentially a rebound signal, and is less reliable than a golden cross above the zero line. Only when the DIF moves back above the zero line can we say the trend is strengthening.
Indicators describe the past; prices move into the future. Don’t treat them as predictions.
#BTC