Six previous bullish MACD crossovers on the daily BTC chart provided strong gains in its price. This is indicated by a trader and analyst at Mags (82.3 thousand subscribers in X). Focusing on the fact that the seventh intersection may occur in the coming days:
#Bitcoinis about to start growing strongly.
The MACD is poised to cross bullishly for the seventh time since $15,500.
Every time the MACD turned bullish, we saw a significant increase in the price of #BTC.
You are ready? 👀"
MACD is one of the most common and simple indicators. And it works really well on older TFs (from daily and above). The main thing is to wait for the bullish crossing of the indicator signal line. Because “just about” still doesn’t count. Yesterday it seemed that the crossing was inevitable. But today’s correction has canceled it for now and delayed the bullish signal.
