1 week view on btc - much needed perspective
Hello all, as I look at the 1 week momentum, macd, and price movement, I can't help but see a couple strong indicators.
When the 1 week momentum has turned up sharply, it has almost always resulted in a sharp rise in price, even if brief.
The MACD is not at close to crossing over into positive territory which could point to a longer stretch of riding a basin. But if it does continue to turn up, the price rise could very significant.
