The biggest for probably all of us is to just be able to correctly predict each bottom, top or any significant reversal in the market, this is the way unlimited profits. While this sub now somewhat correctly emphasises that TA is just “astrology for men“, we should still be looking at historically accurate indicators that possibly point out a reversal that has been long in the making. As I always like to think, just because you disagree with something does not mean you should hate it. Have an open mind. Indeed now one of the most reliable indicators throughout history has just flashed for the start of a new bull market. We are talking about the MACD (Moving Average Convergence Divergence), which gives insight to the strength and direction of a trend. MACD chart with BTC, by BTC_Archive Here we can see how the monthly MACD, has just flashed green form red and the last time had this turn, was before the 2021 bull run in 2019. There is quite a delay between 2021 and 2019, that is because we had a black swan event of Covid between that. Even the 2017 bull market could have been predicted by this indicator. I personally think that longer time frame indicators are more reliable TA-tools as they don‘t try to predict any price, but just the general direction of an upcoming trend. In this case it will be an incoming Bull Market, which is not much of a shock as the price developments of the past montsh already pointed out. [link] [comments] |
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