I am lost to why you think weekly macd crossover are not a good indicator of a buy signal.. just looking at the charts.. makes me think that you're not 100% serious with that statement. In regards to bitcoin trading.
Because it has a poor historical performance as far as I see (have you looked at the last signals it gave?), and it's been my experience with the daily as well. Much more important than crossovers are the establishment and break of the zero and signal line as support and resistance.The june fakeout? which you still made a ton if you bought when the 1w macd bottomed out? at @408usd, stamp, april 13th. Sell after the macd starts decending near july 13 for @608 usd
Due to my permabullish nature as I was 100% noob to TA still am very new. I wish I had stuck with the play I made at 800cad and stayed out on a longer term perspective.. trying to day trade requires a focus I don't have. But these longer term plays are seemingly.. and I really meant that seemingly obvious.
cause we can safely do that. Fuck Above or below...both sides have lauded each sides reason.
