Yep, this lines up...

in #bitcoin2 years ago

Bitcoin just had a weekly MACD cross 8 weeks after the lows

This is something we have seen happen many times with bitcoin recently.

Historically when bitcoin bottoms, it takes roughly 8 weeks for the MACD to cross bullish on the weekly chart.

Well guess what....

image.png

(Source: https://twitter.com/Washigorira/status/1557718549820588037/photo/1)

Its been 8 weeks and the MACD is crossing.

Hmm... we've seen this before.

This would imply the bottom is in.

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Thanks for this.
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