Felix000
Long

Turning bullish MACD pattern spoted

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
I thought there were just MACD patterns in the 2 hour chart but have found them same in 4 hour chart worth a punt with stops
Comment: Looking back at the previous patterns the low at the start of the run should hold. Also on the 2 hour chart the market may head down for that MACD to line up with what's already been indicated on the 4 hour MACD. It needs a cross over down followed by a first trough in the MACD (which may include the cross over I haven't back checked) and that first trough must remain the lowest trough until the market crosses back up again (the set up).
Comment: If market takes off up there is no guarantee it will reach or surpass the end of the green projection! I purely based it on two previous runs.
Comment: Williams Fractal. A word of caution. I've just completed some research and it does not appear to be a good sign when you spot two Williams arrows in the same direction at least 12 bars apart. Within maybe a day or several days later the price is back and can even go the other way. I only checked this going back to December 2018. Best check it yourselves. But thought to let you know just in case.
Comment: Rise in 4 hour MACD has looked unusually weak.
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