Similar MACD histogram ranges for BTC
I used a “Price range” to measure the difference between the highest and lowest MACD histogram for BTC on the 1D chart for the following 2 periods.
I picked the top of the previous BTC rally and the bottom of the subsequent dip (ie. 9-22 Jan) as one period to take the MACD measurement.
For the second period I chose a similar period, ie. the top on 22 Feb to the recent 28 Feb low.
Note that I did not measure the MACD histogram value on the exact dates of the top and bottom, but used the highest and lowest MACD histogram values around the same period.
I observed that the percentage difference between the top and bottom of the MACD histograms is similar. For the first period: 209%, for the second period 211%.
Perhaps this is a useful pattern to help identify future post-rally bottoms during this long-term bullrun.
I’d appreciate your opinions on this, especially if you are a fan of MACD!
I picked the top of the previous BTC rally and the bottom of the subsequent dip (ie. 9-22 Jan) as one period to take the MACD measurement.
For the second period I chose a similar period, ie. the top on 22 Feb to the recent 28 Feb low.
Note that I did not measure the MACD histogram value on the exact dates of the top and bottom, but used the highest and lowest MACD histogram values around the same period.
I observed that the percentage difference between the top and bottom of the MACD histograms is similar. For the first period: 209%, for the second period 211%.
Perhaps this is a useful pattern to help identify future post-rally bottoms during this long-term bullrun.
I’d appreciate your opinions on this, especially if you are a fan of MACD!
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.