$BTW 4 On the hourly chart, a MACD golden cross has just formed above the zero line. Before the crossover, the bearish momentum histogram lasted for 14 four-hour candles.
It’s easy to misread the signal if you focus only on the crossover. I suggest checking these three things in order:
① Does the histogram continue to grow after turning positive?
② Is volume confirming the move?
③ Can the price break above the previous high?
The four-hour chart is more short-term, so check it alongside the daily trend. Are you buying this signal?
It’s easy to misread the signal if you focus only on the crossover. I suggest checking these three things in order:
① Does the histogram continue to grow after turning positive?
② Is volume confirming the move?
③ Can the price break above the previous high?
The four-hour chart is more short-term, so check it alongside the daily trend. Are you buying this signal?