$BTW ｜4-hour MACD golden cross above the zero line; current price: 2.2245.
The 4-hour MACD reacts quickly, making it more suitable for gauging short-term momentum. Its drawback is that it produces many false signals, which are often canceled out by countertrend swings when it goes against the daily trend.
Ideally, the daily chart would also be bullish, confirming the signal across both timeframes. Treat a crossover on just one timeframe as a reference only.
The 4-hour MACD reacts quickly, making it more suitable for gauging short-term momentum. Its drawback is that it produces many false signals, which are often canceled out by countertrend swings when it goes against the daily trend.
Ideally, the daily chart would also be bullish, confirming the signal across both timeframes. Treat a crossover on just one timeframe as a reference only.