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Macdconvergence

The macd on the btcusd daily.Correction in progress, macd reporting a new cycle but we knew this well. Now the thing to do is to wait and understand how long this correction will last, because there are still many buyers. The indicator here is drawing a high and agrees with the price, a signal that the bullish trend is very strong, this is in addition to the other bullish signals we have on btc, including the sequence of highs and lows on intermediate period and time, because by drawing the maximum at 73k usd, the price canceled the previous short-term correction made between December and January. I remind you that it is not enough to have a sequence of ascending highs and lows, but it is also necessary for the price to remain upwards for longer than downwards.
BITSTAMP:BTCUSD
by Melupira89
How to Use the MACD Indicator?How to Use the MACD Indicator? 🔶 What’s MACD? That is an abbreviation for Moving Average Convergence Divergence. This technical indicator is a tool for identifying moving averages that indicate a new trend, whether bullish or bearish. After all, finding a trend is a key priority in trading because that’s where the greatest money is produced. A MACD chart typically displays three figures that serve as its settings. ▪️ The first parameter is the number of periods utilized to construct the faster-moving average. ▪️ The second factor is the amount of periods used in the slower moving average. ▪️ The third parameter is the number of bars utilized to construct the moving average of the difference between the faster and slower moving averages. For example, if you saw "12, 26, 9" as the MACD parameters (which is typically the default value for most charting software), you would read it as follows: 🔹 The number 12 signifies a 12-bar moving average. 🔹 The number 26 denotes the moving average of the preceding 26 bars. 🔹 The 9 is a moving average of the difference between the two moving averages mentioned above. When it comes to the MACD lines, there is a widespread misperception. There are two lines: 🔺"MACD Line" 🔻"Signal Line" The two lines that have been drawn are NOT price moving averages. The MACD Line is the difference (or separation) of two moving averages. Typically, these two moving averages are exponential moving averages (EMAs). The MACD Line is the "faster" moving average when looking at the indicator. The MACD Line in our previous example is the difference between the 12- and 26-period moving averages. The MACD Line's moving average is the Signal Line. When viewing the indication, the Signal Line is the "slower" moving average. The slower moving average plots the previous MACD Line's average. Again, in our previous example, this would be a 9-period moving average. By default, most charts employ a 9-period exponential moving average (EMA). This indicates that we are plotting the average of the last 9 periods of the "faster" MACD Line as our "slower" moving average. The Signal Line's aim is to mellow down the sensitivity of the MACD Line. The difference between the MACD Line and the Signal Line is represented in the Histogram. It depicts the distance between the two lines graphically. It may occasionally offer you an early warning that a crossover is going to occur. When we look at our original chart, we can see that the histogram grows as the two moving averages (MACD Line and Signal Line) separate. The faster moving average (MACD Line) is "diverging" or moving away from the slower moving average (Signal Line), resulting in a MACD divergence. The histogram shrinks as the moving averages move closer together. Because the faster moving average (MACD Line) is "converging" or approaching the slower moving average (Signal Line), this is referred to as convergence . That is how you get the name Moving Average Convergence Divergence. So now you are aware of what MACD performs. Let us now demonstrate what MACD can achieve for YOU. 🔸 MACD Trading Guide Given that there are two moving averages with differing "speeds," it stands to reason that the faster one will respond to changes in price more quickly than the slower one. The faster line (MACD Line), which reacts first to a new trend, finally crosses the slower line (Signal Line). It frequently signifies the emergence of a new trend when this "crossover" takes place and the fast line begins to "diverge" or move away from the slower line. The fast line passed UNDER the slow line in the previous chart, correctly identifying a new downtrend. You'll see that the Histogram briefly vanished when the lines intersected. This is due to the fact that there is no difference between the lines at the moment of the cross. The histogram increases as the downtrend takes hold and the fast line begins to diverge from the slow line, which is a sign of a strong trend. Let's look at an illustration. The fast line passed over the slow line in the above 1-d chart of BTC/USD, and the histogram vanished. This implied that the brief downward trend might eventually turn around. After that, the BTC/USD launched a new upswing and immediately shot up. 🔴 BUT The MACD has one disadvantage. Moving averages naturally lag behind price. It's only an average of past prices, after all. Keep in mind that the MACD indicator has three parts: 🔹The MACD Line which represents the difference between two moving averages. 🔹The Signal Line which is a moving average of the MACD Line. 🔹The Histogram which is a graphical representation of the distance between the MACD Line and Signal Line. However, MACD is still one of the favorite tools of many traders and mine, of course ) If you liked the post and it was useful to you - click <>, let newcomers see! Leave your comments, I'll be so pleased! Sincerely yours Kateryna
BITSTAMP:BTCUSDEducation
by RocketBomb
4
GOOGNASDAQ:GOOG NASDAQ:GOOG My analysis is that if there are a core of companies capable of weathering out a recession that Google is among them with its search engine and cloud services at the core of its services. On the weekly chart, Google like others had an uptrend after the COVID crash of March 2020 until last winter. Right now, a downtrend is retracing the uptrend of April 2020 through November 2021. I see the downward trend now ending as the retracement is about 50% into the mid-Fibonacci levels. In the context of the MACD indicator showing low momentum and the K / D lines below the histogram, I see a reversal setup to the long upside. My analysis supports GOOG in a swing long setup now ready for entry.
NASDAQ:GOOGLong
by AwesomeAvani
2
Coinbase $COIN making the classic "cup & handle"NASDAQ:COIN could be starting a reversal. The MACD is been going up with the price which today broke above its 50 day MA but it still needs to make the breakout from the $252 resistance. Once that happens could be the start of a good uptrend. The crypto exchange has had strong revenue and EPS growth, being 2021 its best year. One the first quarter, reported a +844.82% revenue grwoth. All this could be why is one of Ark Invest's favorites. AMEX:ARKK has a +3% allocation making the top 10 holdings of the ETF. Still is a young stock so, is still very volatil. Always wait for confirmation and there are two key resistance levels that NASDAQ:COIN needs to break.
NASDAQ:COIN
by dpuleo19
ETHEREUM/BTC 😃 Opportunity 👍💡 Ethereum is the "safer" altcoin to diversify into if you want to compound your Bitcoin (without needing to trade on leverage)! Multiple Higher Lows on the daily timeframe shows Demand is eager to buy Supply at higher prices from previous bottoms. Price is testing its 200 Daily Moving Average, which is sloping up! RSI is oversold. MACD histogram is starting to converge... 🚨 Stop Loss below previous daily candlestick wick 0.0209-ish Risk to Reward 1:5
Long
by ChartCinema
2
ICON – Next generation blockchain – 500% Possible EarningsSo Guys, we have today for you another interesting project. This project has Koreanian roots. It resembles a bit ONT. They aim to create global network of many blockchains, both private and public to cooperate with each other. By saying this they mean connecting different institutions such as banks, insurance companies, hospitals and universities. They also aim to create digitial, safe identity in order to enable individual to move smoothly in such diversed ecosystem. Example: You had a car accident. You were hospitalized for 3 days. You want to claim to the insurance company. All your sensitive data are stored on blockchain – only you have access to them including all medical data. You give access to them to your doctor in order to write the whole history of the treatment. OK what next? You give temporary access to treatment history to that insurance company. They check compliance. They approve. Once approved you will get your money automatically. It can be ex. 2000 ICON which can be spent on other services in the ecosystem or they can be simply withdrawn. A transparent governance system and artificial intelligence (AI) guided incentive system is at the core of ICON’s sustainable network. Through the mutual trust earned with their system, C-Reps and Nodes will actively contribute to the ICON community. These are the basics regarding idea of this enterprise. We personally find it very interesting because this is totally new point of view. They of course provide smart contracts and real-time payments. They will make us possible to start with ICO. They will also launch on 30.06 decentralized exchange. They managed to built large team – 60 persons including engineers and advisors. They have a 5 divisions: Advisors, Foundation Council, Technology, Business, AI Department, Design/Communication/Security. They are listed on many exchanges such as Binance, OKEX, Bithumb. Getting back to the chart: We are very low at the Fibonacci scale (Fib. extention) We bounced off many times from the level marked on red – around 3000 satoshi – it is happening right now We observed fully finished Elliot wave cycle. New one is expected. Most probably we have double bottom shape forming which is a bullish signal. MACD positive convergence Weis Wave – a bit of demand has shown up. Awaiting for more. Gann’s fann - crossed 2/1 for a while but another solid crossing needed – observe Fibonacci levels: Target 1 : 0.0004158 Target 2 : 0.0005405 Target 3 : 0.0006413 Target 4 : 0.0007420 Target 5 : 0.0008855 Target 6 : 0.0010682 (ATH) Target 7 : 0.0015960 (new ATH) Stop – loss: 0.0002143 Guys what do you think of such projects? Please do comment, share your thought and don't forget to follow us in order not to miss the update. Hugs! WBM Team
Long
by WBM_Team
6
BTCUSD 4H MACD TREND FOLLOWING STRATEGYStep #1: Wait for the MACD lines to develop a higher high followed by a lower high swing point. The first rule of thumb to recognize a swing high on the MACD indicator is to look at the price chart if the respective currency pair is doing a swing high the same as the MACD indicator does. A higher high is the highest swing price point on a chart and must be higher than all previous swing high points. While a lower high happens when the swing point is lower than the previous swing high point. Step #2: Connect the MACD line swing points that you have identified in Step #1 with a trendline At this point, we really ignored the histogram because much of the information contained by the histogram is already showing up by the moving averages. Look at the price action now and compare it to our MACD trendline we drew early. We can clearly notice that the MACD contains the price action much better and reflects the trend much clear. Step #3: Wait for the MACD line to break above the trendline. (Entry at the market price as soon as the MACD line breaks above) When the MACD line (the blue line) crosses the signal line (the orange line) it’s an early signal that a bullish trend might start. However, if trading would be that easy we would all be millionaires, right? And that’s the reason why our MACD Trend Following Strategy is so unique. We’re not only waiting for the MACD moving averages to cross over but we also have our other criteria for the price action to break aka the trend line we drew early. This is a clever way to filter out the false signals, but you have to be equipped with the right mindset and have patience until all the piece of the puzzle come together. If you were to trade just based on the MACD crossover over time you’ll lose money because that’s not a reliable strategy. But if you use the MACD indicator along with other criterias such what this strategy tells you to do, you will find great trade entries on a consistent basis. Step #4: Use Protective Stop Loss Order. (Place the SL below the most recent swing low) Now, that you already know how to enter a trade at this point you have to learn how to manage risk and where to place the SL. After all, a trader is basically a risk manager. You want to place your stop loss below the most recent low. A good entry price means a smaller stop loss and ultimately it means you’ll lose a lot less comparing it with the profit potential, so a positive risk to reward ratio. Step #5: Take Profit when the MACD crossover happens in the opposite direction of our entry Knowing when to take profit is as important as knowing when to enter a trade. However, we want to make sure we don’t use the same trading technique as for our entry order. When the MACD line (the blue line) crosses the signal line (the orange line) we want to close the position and take full profits. Before taking profits, it’s important to wait for the candle close – either the 4h or the daily candle – depending on the time frame you trade so you make sure the MACD crossover actually happens. Note** The above was an example of a buy trade using the MACD Trend Following Strategy. Use the exact same rules – but in reverse – for a sell trade.
BITFINEX:BTCUSDLong
by Tradingstrategyguides
3