Here’s 5 ways investors can use the MACD indicator to make better trades
Traders use the MACD indicator to identify turning points, facilitate entries on pullbacks and capture the larger part of a move until the trend starts to reverse course. The Moving Average Convergence Divergence, also called the MACD, is a trend-following momentum indicator used widely by traders. Although the MACD is a lagging indicator, it can be very useful in identifying possible trend changes.BTC/USDT daily chart. Source: TradingViewThe MACD oscillates above and below a zero line, also known as the centerline. The shorter moving average is subtracted from a longer moving average to....
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Although Dogecoin price dropped yesterday to around 56 satoshis, it increased during later trading hours to record a high of around 63 satoshis. Dogecoin price opened today at 61 satoshis, yet it dropped to around 58 satoshis at the time of writing of this article. By studying the 1 day Hitbtc (DOGE/BTC) chart from tradingview.com and plotting the MACD indicator accordingly, we can notice the following: Even though dogecoin price dropped yesterday to 56 satoshis, the strong support at 52 satoshis (The 38% Fibonacci retracement level as per our earlier analysis) reversed the downtrend and....
A cryptocurrency analyst has pointed out how a technical analysis (TA) signal that led into major price declines in the past has returned for Bitcoin. Monthly MACD Has Turned Bearish For Bitcoin In a new post on X, analyst Ali Martinez has talked about a signal that has formed in the Moving Average Convergence/Divergence (MACD) for Bitcoin. MACD is a TA indicator that’s generally used for timing buys and sells in an asset’s price chart. Related Reading: USDC Floods Exchanges: Are Traders Buying The Bitcoin Crash? The indicator consists of two lines: MACD line and signal line.....
The MACD indicator hints at a potential bullish crossover as Bitcoin’s price retests $40,000 as support. A crossover between two Bitcoin (BTC) moving averages that appeared before the 2020 price boom is hinting at making a return in 2021, just as the flagship cryptocurrency eyes a bullish breakout from its current $30,000–$40,000 trading range.The indicators in focus are the MACD Line and Signal Line. MACD is an acronym for Moving Average Convergence Divergence, and a MACD Line represents the difference between the 12- and 26-period moving averages. Meanwhile, a Signal Line is a....
Dogecoin price traded yesterday between 56 and 62 satoshis, which points to the relative stability of dogecoin price in the face of the high volatility of other cryptocurrencies at the moment. By studying the 1 day Hitbtc (DOGE/BTC) charts from tradingview.com and plotting the MACD indicator accordingly (look at the below chart), we can see how dogecoin price increased yesterday from 56 to 62 satoshis. If the current uptrend continues to push the price above the 50% Fibonacci retracement level (64.5 satoshis) as per our yesterday's analysis, we can expect the price to rise to test the 62%....
Darkcoin price started to drop yesterday just after bitcoin price started declining, to record a low of 0.01 BTC at the time of writing of this article. By analyzing the 1 hour Cryptsy (DRK/BTC) chart from bitcoinwisdom.com, plotting the 10 hour EMA (green curve) and the 20 hour EMA (orange curve) and calculating the MACD indicator (look at the below chart), we can conclude the following: Today's trading volume is relatively high as compared to the trading volume throughout the past few days. The big selling volume of the market pulled the price downwards below the 50% Fibonacci....