BITCOIN vs MACD on weekly time - frame ๐ฅ
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Hello my dear and lovely friends๐งก
I noticed, that you like my charts on longer timeframes better, it makes me think that most of my followers are medium-term or long-term investors. Isn't it?๐ง
There are many indicator fans here. ๐คI thought it would be interesting for beginners to get some information on <<how to use MACD>> in practice.๐ฅ
There are many subtleties in setting up indicators, but you need to start with basic knowledge.โ๐ป
Most often, MACD indicator is used to identify trading signals during sideways price movements - periods of stabilization of the rate after an increase or decrease (consolidation).
Usually, a Buy signal is considered when the MACD line (blue line in the figure) crosses the signal line (red line) upwards. A Sell signal is considered when the MACD line crosses the signal line from top to bottom.
The larger the timeframe (the time period of one chart element), the less false signals will be.
If You have any questions - write me ๐๐ป
The best way to say thanks to me is to put like and write a comment under my idea๐
Thank you guys for staying with me๐๐ป
I appreciate everyone of You๐
Love love love๐งก๐งก๐งก
Always Sincerely Your Rocket Bomb๐๐ฃ
I noticed, that you like my charts on longer timeframes better, it makes me think that most of my followers are medium-term or long-term investors. Isn't it?๐ง
There are many indicator fans here. ๐คI thought it would be interesting for beginners to get some information on <<how to use MACD>> in practice.๐ฅ
There are many subtleties in setting up indicators, but you need to start with basic knowledge.โ๐ป
Most often, MACD indicator is used to identify trading signals during sideways price movements - periods of stabilization of the rate after an increase or decrease (consolidation).
Usually, a Buy signal is considered when the MACD line (blue line in the figure) crosses the signal line (red line) upwards. A Sell signal is considered when the MACD line crosses the signal line from top to bottom.
The larger the timeframe (the time period of one chart element), the less false signals will be.
If You have any questions - write me ๐๐ป
The best way to say thanks to me is to put like and write a comment under my idea๐
Thank you guys for staying with me๐๐ป
I appreciate everyone of You๐
Love love love๐งก๐งก๐งก
Always Sincerely Your Rocket Bomb๐๐ฃ
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๐ฐ I'm using Bybit and I highly recommend it to You
bybit.com/invite?ref=7X0W2A
Boost Your TV account๐
tradingview.com/pricing/?share_your_love=RocketBomb
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