As an amateur enthusiast have been following BTC this year and from what I have read and seen, it appears that the MACD on daily chart is true indicator of market direction. I thought I would submit my idea for fun and see what the pros think.... I am always here to learn.
I think there will be a crossover around the 6th June... It appears that there is a general uptrend (bottom blue line) and a short downtrend on the upper blue line that will converge on the 6th of June. The MACD on the daily indicates that there will be an imminent crossover, however given the sideways movement this will stretch out over the next few days until roughly the 6th June.
I think there will be a crossover around the 6th June... It appears that there is a general uptrend (bottom blue line) and a short downtrend on the upper blue line that will converge on the 6th of June. The MACD on the daily indicates that there will be an imminent crossover, however given the sideways movement this will stretch out over the next few days until roughly the 6th June.