Bitcoin's MACD | Daily & Weekly ($28,000 - $37,000 Range Active)

2 באוג׳

Good Friday my dear friends, we have some really interesting information to consider today.
This post is an adjunct to the trade-idea I shared yesterday on Bitcoin and the Altcoins market. You can find this trade-idea by either visiting my profile or checking the "Related ideas" at the bottom of this post.

Today we are going to be looking at Bitcoin's weekly MACD, this is super interesting and reveals so much... It is truly impossible not to predict the future with these charts. We can know exactly what is going to happen in advance thanks to this information.

Bitcoins' weekly MACD:

The first thing to notice here is how the MACD produced a lower high in 2024 compared to 2021.
While the nominal chart betrays the eyes, the brain, the mind; It cannot trick the MACD.
The fact that we had endless devaluation of fiat currencies reflects on Bitcoin's price. While Bitcoin hit a new ATH in 2024, this is only because of monetary expansion (inflation). If we were to consider Bitcoin's true value adjusted for inflation, we would notice a lower high in 2024 compared to 2021. The way it should be because 2023/24 was the recovery rally and not the major bull-market which will happen next year, in 2025.

What we can consider next is the descent already present on the MACD. The MACD is relatively low and trending lower, aiming lower and pushing lower at a fast pace, while Bitcoin is still trading pretty high by all measures and standards. This reveals that Bitcoin's price is artificially maintained at current levels while the whales prepare to unload in concert.

There is a dynamic where a certain group of people pay another certain group of people so that the latter group pimps up the market so that the former group can unload their holdings at a very high price. For this dynamic to be possible and exist there must be planning behind the scenes, aka., market manipulation.

Anyway, the MACD is on a bearish trend and is saying that Bitcoin is soon to crash. People call it a lagging indicator but in this case, it is only the price that is lagging behind.

👉 Bitcoin is set to move lower, maybe to around forty k, but it can go much lower if we consider the size, proportions and dimension of the entire bullish wave. The secondary range is shown on the chart... Shhh, this is a secret.

Thank you for reading.

Namaste.

4 באוג׳

הערה

The situation is now critical as Bitcoin lots of 60K support, which is psychological level. Next target is expected to happen below the last low, so around 50K. The bottom of the correction should be much lower... Just watch!

5 באוג׳

הערה

Major crash now happening... Based on the short-term timeframe (1H), Bitcoin is set to continue straight down; prepare!

5 באוג׳

הערה

The highest volume, on a daily basis, came in on the 5th of March, this was a bearish day.

Today, five months later, we get the next day with the highest trading volume in the whole year and this too is a bearish day. We don't know if it will close higher or low than 5-March. This super high bear volume today produced a strong "volume breakout." You can see it depicted on the chart.

This type of signal indicates that the bears are entering the market with force. This is not the end of the bearish move, based on this signal. This is telling us that lower prices are very likely to happen.

Now, if the day moves up and closes green, this signal would need to be reevaluated. If the day closes red, we have a confirmation of a bearish continuation. You can read my other trade-ideas by visiting my profile to see how things will play-out in full.

It is not over year. Consider the weekly and monthly timeframes.
We are only half-way through.

Thank you for reading.

Namaste.

6 באוג׳

הערה

🅱️ Bitcoin's (Ultra-Bearish) MACD Update

Good morning my friends, it is time to look at the MACD again and produce an update. Needless to say, the MACD helped us predict the current market situation before it happened. It wasn't really the MACD as we looked at many other signals but the MACD helped us support and confirmed those signals.

As we usually say, signals should not be considered in isolation as they can be misleading but instead they should be grouped together in order to get the real picture as to what is happening with a Cryptocurrency trading pair, asset or project.

Here is the Bitcoin's (BTCUSDT) Daily MACD:

➖ The first thing to notice is the reading; Bitcoin's daily MACD is now on the bearish zone trending down strongly. A very steep decline is taking place.

➖ We can easily appreciate that the MACD has been lower in previous months as well as back in mid-2022 (June/July) and late 2021 (December).

👉 The chart shows plenty of room to move lower and no signs of recovery so far. This is a strongly bearish chart.

Now the Weekly MACD (BTCUSDT):

➖ The situation here is discouraging. When you see these "peaks," these mountains drawn on the MACD, it only means bad news.

➖ Bitcoin's weekly MACD is trending down strong, full down, but still on the bullish zone. This shouldn't be taken as something positive, instead, it means that there is plenty of room for it to continue lower before it gets bearish. Weeks or months of bearish action still possible.

➖ We can see the low of the MACD was hit July 2022. We can easily assume that this low will not be challenged because we are not in a bear-market but rather witnessing a big correction preceding our full-blown bull-market that starts late 2024 and ends late 2025.

👉 These are simple signals all pointing toward more red before we go up.

Your support is truly appreciated.
I thank you for reading... A simple comment is the best way to show your support.

Do you believe Bitcoin will recover? Or, is there the possibility for a lower low?

You know what I think, let me know your view in the comments section below and we can discuss.

Namaste.

7 באוג׳

הערה

Good day my dear friends, we are now reaching the first half of the week and Bitcoin is already turning bearish; no signs of a "bounce" or recovery, just a normal reaction after the major drop. Straight down we go.

Let's have a look at the monthly RSI which we haven't looked at in this trade idea... Just see this: The correction might go for longer than expected, maybe until November 2024. (I shall explain)


➖ BTCUSDT Monthly MACD


Just notice the mountain peak, it has already been drawn; it is pointing straight down.
I am here to warn you, to alert you of the event before it happens. The signals are clear.
Bitcoin is set for a major correction; a stronger drop; even lower prices.

➖ With Bitcoin Monthly


I am all for Bitcoin.
I am all for Cryptocurrency.

But, why would we ignore these strong signals?

➖ If you are a long-term holder, buyer, investor, by all means, HOLD.
➖ If you are a trader though, you are already late but not super-late.

👉 Sell when prices are up, buy when prices are down.

Think of this: Say you have 1BTC and you started to see these trade-ideas when it was 70,000. Now, you hold all along and you always have 1BTC no matter what, only the USDT value fluctuates. That's ok.

See this other example: You have 1BTC and you sell at 70,000. Now you have $70,000. Bitcoin drops to $50,000 and you buy 1BTC for $50,000.

Now you have 1BTC and a nice $20,000 profits.
You can use your $20,000 for many things.

This is trading 101.

➖ Sell high, to buy low.
➖ Buy low, to sell high.

Once the correction bottom is in, we will start sharing LONG/Bullish trade ideas.

Thanks a lot for your amazing support.

You are truly appreciated.

Namaste.