The MACD has just flipped green on Bitcoin’s one week chart.
Last time this happened BTC rallied 1000% in 2017 and 300% in 2019.
Don't mean to be a fud dud (or maybe I do?)
Shouldn't we start to worry, a bit?
On the weekly, we have 7 green candles in a row. We are currently half way through the 8th... and, yes it is green too, so far.
I think that this week's candle will have to close above $8,900-ish in order to remain green, so surely we currently have some cushion, but still how many green candles can we get in a row before we start to worry... not that I am a stickler for anything having to happen based on some little candles, including a correction... because I do recognize that some of the most recent BTC price increase is getting us back to where we were at the end of February.. and the halvening can at least provide some hype, even though the constriction of the new BTC supply will likely not be felt in any kind of meaningful way in the whole of the BTC circulating supply for several months after the halvening.