Weekly BTC by RB

7 Feb

Hello, dear friends!🫶

Today my attention is focused on the weekly Bitcoin chart! Let's apply the MACD indicator (it works best on longer timeframes)!👍

https://www.tradingview.com/x/Ibq1DEfv/

If you don't know or have forgotten how it works, then let me briefly describe it to you!😉

🔴A sell signal is generated when the MACD line crosses below the signal line.

🟢A buy signal is triggered when the MACD line (blue line in the chart) crosses above the signal line (red line).

I have marked with red 🔴 circles cases where the blue line was below the signal line, which served as a signal to sell. And with green 🟢 circles - the blue line crosses the red line - this is a signal to buy!

The green and red arrows reflect signals to buy or sell, which were reflected by the indicator.

Currently, the indicator is at a crossover, if this happens, it will be a signal to sell! I suggest keeping an eye on this indicator in the coming days!🧐

⁉️What do you think? Will the lines cross? Or will they manage to align?

If this post was clear and interesting, hit 🚀 , share with friends, I'll be very pleased!

Stay tuned!
Always happy to see You!
Sincerely yours, Kateryna💙💛