Hi guys, XUANHAIMMOER is back today with some update in late day but do not worry we are keep working hard.
Today I bring a new way and different analysis for all you with just only MACD and Volume for predict the price of Bitcoin in middle term.
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Okay let begin now. There are something very special in here because this post in today we just using MACD and Volume for analysis how Bitcoin going in the future.
Look at the chart at the first guys, and look for general all Top and Bottom I have designed in above. So what do you see ? Any similar or early signal in here ?
Right, it is divergence. MACD is a powerful indicator if you use it right way.
Now look at the price and keep looking in MACD that I have been marked before and we will check for each signal in here.
First we have divergence in Bottom 1 and Bottom 2 in MACD but the price just bounce back in short term to the neck line of double bottom pattern
Next we have Top 1 and Top 2 without divergence signal and the price keep dropping.
Continuing with Bottom 3 and Bottom 4, what do you see ? We also have MACD divergence and one more time we just bounce back in short term to neck line of double bottom pattern and same with the lat period with Bottom 1 and Bottom 2.
Ok stay here little and look back ? Are there anything else ? Look back all Bottom from 1 -4 in price and MACD we have continuing divergence in all bottom zone. So what it mean ? It mean that bearish is weaker and weaker than before and we are nearly with the time for bounce back in middle term.
As the last my prediction so 32xx is not the lowest bottom at this time. It may be in 2800 - 3000$ so I think we also have another Bottom 5 and Bottom 6.
Depend on lat period I draw for Top 3 + Top 4 and Bottom 5 and Bottom 6. How can I draw for this ?
Keep looking in price and MACD in one time and see.
In the price we have Top 3 and Top 4 is lower than Top 1 and Top 2 but in MACD ( Top 3 and Top 4 is higher than Top 1 and Top 2 ). That is special thing I want to telling is that we have divergence signal between Top 1 and Top 3 and we have to dump from Top 3 in price.
Keep look at MACD, Bottom 5 and Bottom 6 in price is higher than Bottom 1 ; 2; 3 and 4. But in contract, we have Bottom 5 and 6 in price is lower than Bottom 1 ;2 ;3 and 4. This also has divergence in here before bounce back in middle term from 2900 - 3000$.
Wait for MACD break out and also the price break up the resistance is safe time for investing in Bitcoin.
Last signal is volume. Not only many divergence occur but volume is lower reveal a bounce back will be happen soon!
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