Can Bitcoin go 5 for 5?
MACD bearish and bullish divergences with Bitcoin occurred 4 times on the daily chart in 2021 and proved to be successful. It looks like it could happen again with bullish divergence - lower lows on price with higher lows on the MACD. I think the answer to this question is still at least 3-4 weeks away. As long as the MACD remains in an uptrend, a reversal of bearish to bullish remains a possibility.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.