Bitcoin as a market is not efficient: on large exchanges (Coinbase, Kraken) you have a lot of retail players; on the smaller exchanges, volume numbers are inflated, often using trading bots; the futures marketplace of CME and CBOE have limited volumes and very large orders take place via OTC trades that aren't always reflected on time. FUD and FOMO drive the price for BTC, which is why I trade based on momentum, basically buy strength and sell weakness.
Using Moving Average Convergence Divergence analysis on BTC may seem simplistic, but for a retail trader like myself, I don't really need more than that;
(this is not investment advice)
Using Moving Average Convergence Divergence analysis on BTC may seem simplistic, but for a retail trader like myself, I don't really need more than that;
(this is not investment advice)
İşlem elle kapatılmış:
As of close of June 25 (12:00 UTC), the standard MACD histogram has crossed over to the positive side (now at +0.45) and it is signalling a Bullish Divergence. The divergence is short for my taste, with only 13 bars (days) distance between both (histogram) bottoms. Today's close, in about 22 hours from now, will confirm whether the market is indeed turning around. I am bearish but I cannot ignore the price action, and so I keep my short positions light, and I"ll watch over the market for the rest of the day. I'll be ready to stop my losses it BTC goes above 6600. (Remember this is not investment advice)