MACD and RVI crossed in the same direction at the same time giving a strong buy signal. BTC broke into the ichimoku cloud from the top but tested the Tenken line as a support where it bounced and broke above the resistance (top of the cloud). Since BTC tested the support and broke out of the ichimoku cloud again, it supports the buy signal from the MACD and RVI.
The MACD in the 1/2/3 hour time frames have crossed where the fast crosses below the slow. The RVI has already crossed in the 4h time frame. The RSI is about the 50-60 range meaning that more people are buying. We've seen lower volume, lower lows, waiting to see lower highs and if we break the support of the Ichimoku cloud. IF there is a break in the ichimoku coud...
Gold shows some bearish signals and a potential bear run, the MACD fast MA crossed the slow MA coupled with the RVI cross in the same direction. However, because the RSI is at ~33, indicating that it is being sold at high levels (also shown in the bear volume) I believe that gold will continue to see its price fall for slightly longer before we see a surge of bull...
MACD fast MA crosses below the slow MA coupled with the RVI cross in the same direction giving a bearish signal. However, since the same signal is not yet evident in the larger time horizons it's not a signal for a bear run but a bearish movement in the short run.
