Attention Please!!! MACD Can Give Another Historical Buying Signal For Bitcoin By The Next Week

By moon333 | moon333 | 17 Jun 2022


 

Hi friends hope you are well, and welcome to the new update on Bitcoin (BTC)

Another rejection:

In an hourly time frame, after breaking out the channel Bitcoin 1st was rejected by $23k resistance and after re-testing the resistance of the channel as support now it is rejected by $21360 resistance and dropped to $20800 support.

TradingView Chart

 

Expected buying signal:

On a weekly time frame, BTC is testing the 200 weekly simple moving average support. Now if we take a look at MACD, then it is strong bearish, but if MACD turns weak bearish from here then it can be another historical buying signal, because, MACD has already given such buying signals in 2015, 2018, and 2020 as well.

TradingView Chart

You can watch the video for a detailed analysis.

 

For the best trading deals/bonuses you can signup to Bitget using the link as below:

How do you rate this article?


2

0

moon333
moon333

Hi, My name is Atif Akbar and I am a trader and trading charts author


moon333
moon333

Hi my name is Atif Akbar and i am trading charts author of different assets like crypto, forex, commodities, CFDs Stocks e.t.c.

Send a $0.01 microtip in crypto to the author, and earn yourself as you read!

20% to author / 80% to me.
We pay the tips from our rewards pool.