In this idea I just want to look closely at the macd indicator. In one of my previous ideas I pointed out how unusual the moving averages were behaving. There's nothing unusual about this idea though, but it's bad news for people that are relying on upward price actioin. Let's watch and see how this pans out this IS a monthly chart.
BE IN LOG MODE, SWITCH MACD TO FULL SCREEN AND LOOK AT HOW BAD IT WANTS TO CROSS DOWNWARD MONTHLY!
Also, looks like there's a freakin cup and handle.
Let's spill some coffee!!!
BE IN LOG MODE, SWITCH MACD TO FULL SCREEN AND LOOK AT HOW BAD IT WANTS TO CROSS DOWNWARD MONTHLY!
Also, looks like there's a freakin cup and handle.
Let's spill some coffee!!!
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log weekly zoomed in
log weekly zoomed in
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bitcoin not looking healthy but i do dare say there is a lot of risk involved even short side at the moment I can feel the calm before the storm
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as you can see we have obstacles on the way down so if you are trading do the obvious and manage that risk and capital
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mex monthly macd what did i say?
like this guys, here's the macd blown up