Because due to U.S law bitcoin futures cant go below $100 billion meaning $5800 bitcoin is as low as it can go.lol
Why is no one talking about this?
Josiah Roberts
Michael Adams
It might seem as if things are climbing up now, but i only see this progression lasting until about 7.8K. This is because we are generally following a downward channel. All and all the order currently is 7.8k Then downwards to 4.8K Back up to 11k then return to mean at 1.2K
Mason Taylor
>not using spreads
opinion discarded
Logan Davis
>he's using MACD on monthly timeframe
Hunter Murphy
Zoom out dude
John James
>It's kind of retarded to look at the monthly MACD on an instrument as volatile as BTC
No it's not. On the contrary it is much easier to see where the price is going on time frames longer than +4hr because you are much less likely to get rekt by whales. There was an overbought crossover on 1day charts during December 2017 when everyone on Jow Forums and Youtube was saying BTC was going to hit to 25k. There was an oversold crossover during the April bullrun... and it was a couple of days before the pump. Seeing longer term charts is crucial to know where the price will be heading in a few years and it appears BTC is still not done plummenting.
There have been times where RSI and MACD levels have been showing overbought crossovers on 3 min-1 hr charts and yet the price plummented because as you said BTC is volatile. Seeing how MACD levels are tells us where bitcoin will head long term. MACD can't keep going up forever. There's a limit and it's already hit it.
>I don't know what I am talking about therefore I am going to resort to incoherent babbling
William Phillips
Here is what I am referring to
Ethan Green
bitch please
Justin Thompson
Because ta is just a meme in crypto and we’re going back to 20-29k by December so no one cares about you dumb bears
Jaxon Reyes
and a facebook normie lettering meme to top it off? epic bro.