Topic: Weekly MACD to turn green on next candle - page 2. (Read 3922 times)
The weekly MACD seems to be the most reliable MACD for bitcoin, the others are pretty much all over the place.
800 will be big fight. Many noobs bought there and would like to recover. Not sure if they would but my only 2 sales of the exchanges were at 800.
Bitcoinwisdom's chart calculates the MACD to include the price of the current candle as if the candle was closed already. However, to declare that a cross has occured, you must do this based only on candles that have actually closed and not pre-emptively based on a new candle. Therefore, the MACD cross won't actually be for 10 days (at least)
This leaves enough time for a significant correction to occur, which could extend the actual cross to 3 or 4 weeks away, so we could end up having a month long consolidation before the cross actually occurs and another breakout actually occurs.
This leaves enough time for a significant correction to occur, which could extend the actual cross to 3 or 4 weeks away, so we could end up having a month long consolidation before the cross actually occurs and another breakout actually occurs.
I am thinking we might see a correction like this. What are your targets if so?
I'm not convinced yet that we're headed for another bubble, do you think after this consolidation that we'll break the ATH?Bitcoinwisdom's chart calculates the MACD to include the price of the current candle as if the candle was closed already. However, to declare that a cross has occured, you must do this based only on candles that have actually closed and not pre-emptively based on a new candle. Therefore, the MACD cross won't actually be for 10 days (at least)
This leaves enough time for a significant correction to occur, which could extend the actual cross to 3 or 4 weeks away, so we could end up having a month long consolidation before the cross actually occurs and another breakout actually occurs.
This leaves enough time for a significant correction to occur, which could extend the actual cross to 3 or 4 weeks away, so we could end up having a month long consolidation before the cross actually occurs and another breakout actually occurs.
I am thinking we might see a correction like this. What are your targets if so?
I'm not convinced yet that we're headed for another bubble, do you think after this consolidation that we'll break the ATH?
Bitcoinwisdom's chart calculates the MACD to include the price of the current candle as if the candle was closed already. However, to declare that a cross has occured, you must do this based only on candles that have actually closed and not pre-emptively based on a new candle. Therefore, the MACD cross won't actually be for 10 days (at least)
This leaves enough time for a significant correction to occur, which could extend the actual cross to 3 or 4 weeks away, so we could end up having a month long consolidation before the cross actually occurs and another breakout actually occurs.
This leaves enough time for a significant correction to occur, which could extend the actual cross to 3 or 4 weeks away, so we could end up having a month long consolidation before the cross actually occurs and another breakout actually occurs.
For whom, like me, doesn't know what MACD is, here is the definition of this trading indicator found on wiki:
The MACD indicator (or "oscillator") is a collection of three time series calculated from historical price data, most often the closing price.
These three series are: the MACD series proper, the "signal" or "average" series, and the "divergence" series which is the difference between the two.
The MACD series is the difference between a "fast" (short period) exponential moving average (EMA), and a "slow" (longer period) EMA of the price series.
The average series is an EMA of the MACD series itself.
Since the MACD is based on moving averages, it is inherently a lagging indicator.
As a metric of price trends, the MACD is less useful for stocks that are not trending (trading in a range) or are trading with erratic price action.
The MACD indicator (or "oscillator") is a collection of three time series calculated from historical price data, most often the closing price.
These three series are: the MACD series proper, the "signal" or "average" series, and the "divergence" series which is the difference between the two.
The MACD series is the difference between a "fast" (short period) exponential moving average (EMA), and a "slow" (longer period) EMA of the price series.
The average series is an EMA of the MACD series itself.
Since the MACD is based on moving averages, it is inherently a lagging indicator.
As a metric of price trends, the MACD is less useful for stocks that are not trending (trading in a range) or are trading with erratic price action.
So how many traders are trading on this signal, I wonder? I have never really watched the weekly charts, nor do I use MACD crosses. In a rally like this, I guess we'd never know, anyway...
Not sure how many but I guess there are few of those long period ones who are waiting it as confirmation of trend reversal.
Last two weekly MACD crosses produced an average of 1100% profit each in Bitcoin world.
So how many traders are trading on this signal, I wonder? I have never really watched the weekly charts, nor do I use MACD crosses. In a rally like this, I guess we'd never know, anyway...
Don't pre-empt MACD. It's not designed for that. Only respond to it once it's actually happened and confirmed. It's not really a good indicator to use when things are moving fast.
No indicator is designed for that, really. Always wait for the close, or wait until you are near it enough that an extraordinarily unlikely event would have to happen to turn it around. Still nearly a week to that event (at best), so indeed a bad idea here to "anticipate" it happening. Don't pre-empt MACD. It's not designed for that. Only respond to it once it's actually happened and confirmed. It's not really a good indicator to use when things are moving fast.
Don't be stupid. When you see a giant green spike sticking out of the deep like a ten foot dong, that MACD is going shoot up with its eyes popped open.
Don't pre-empt MACD. It's not designed for that. Only respond to it once it's actually happened and confirmed. It's not really a good indicator to use when things are moving fast.
Do you think traders will take this as a bullish sign and take this another level up? I tend not to look at lagging indicators as much, preferring leading indicators like RSI and MACD.
You'll see many bots buying if weekly MACD crosses.
Bots and traders alike...its already quite positive at this time, we have a live one!
I guess weekly MACD cross is the real target of this rally now. I doubt it will stop so close to it as it's major trend reversal signal.
I estimate this will happen around June 10th. The weekly MACD hasn't been green since January.
We are crossing over now. It will be really interesting come the 10th.
Do you think traders will take this as a bullish sign and take this another level up? I tend not to look at lagging indicators as much, preferring leading indicators like RSI and MACD.
You'll see many bots buying if weekly MACD crosses.
+ Agreed
BUY? BUY BUY BUY BUY
MAD money comming to stamp on tuesday & wednesday ...look forward to a awesome midweek pump
Do you think traders will take this as a bullish sign and take this another level up? I tend not to look at lagging indicators as much, preferring leading indicators like RSI and MACD.
You'll see many bots buying if weekly MACD crosses.
+ Agreed
BUY? BUY BUY BUY BUY
Do you think traders will take this as a bullish sign and take this another level up? I tend not to look at lagging indicators as much, preferring leading indicators like RSI and MACD.
You'll see many bots buying if weekly MACD crosses.
+ Agreed Weekly MACD crossing a mad buy signle as it sets the trend on all 3 Anchor charts
Do you think traders will take this as a bullish sign and take this another level up? I tend not to look at lagging indicators as much, preferring leading indicators like RSI and MACD.
You'll see many bots buying if weekly MACD crosses.
Do you think traders will take this as a bullish sign and take this another level up? I tend not to look at lagging indicators as much, preferring leading indicators like RSI and MACD.
Oh I never stopped. I just stopped publicly posting the predictions. The thread was about helping others. But I'm not interested in being piled on.
The weekly MACD has been increasing at a rate of about 23 points each of the last couple weeks. It's currently at -22.21. Not an overly complex analysis on this one. But complexity usually means you're just curve fitting and will be wrong in the future.
The weekly MACD has been increasing at a rate of about 23 points each of the last couple weeks. It's currently at -22.21. Not an overly complex analysis on this one. But complexity usually means you're just curve fitting and will be wrong in the future.
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