Ben Walther(@ben__crypto23)'s insights

Bearish

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$BTC prints bearish MACD crossover — another dip incoming? #Bitcoin flashed another sell signal on the daily chart. The bearish MACD crossover (when the MACD line crosses the signal line from top to bottom) has a solid reliability for BTC. Looking at backtest (see screenshot), the signal shows an average success rate of 67%. Moreover, on average the price has dropped by almost 3% after 3 days. Nevertheless, it is worth mentioning that the MACD is currently in an indecisive mode and it has to turn out if this is a sustainable crossover. Overall, it is basically another #bearish signal but a reversal is still possible.

$BTC prints bearish MACD crossover — another dip incoming?
#Bitcoin flashed another sell signal on the daily chart. 
The bearish MACD crossover (when the MACD line crosses the signal line from top to bottom) has a solid reliability for BTC. 
Looking at backtest (see screenshot), the signal shows an average success rate of 67%. Moreover, on average the price has dropped by almost 3% after 3 days.
Nevertheless, it is worth mentioning that the MACD is currently in an indecisive mode and it has to turn out if this is a sustainable crossover.
Overall, it is basically another #bearish signal but a reversal is still possible.