MACD on 4 hour maybe crossing to bearish for BITFINEX:BTCUSD by Felix000

trendanalysis indicator chartpattern btc btcusd btc_usd bitcoin crypto cryptocurrencies bitfinex

MACD on 4 hour weakening and if crosses over to down I think based on past that cancels my bullish idea.

Comment:

What to watch. Notes of caution (1) Two Williams Fractal arrows in the same direction at least 12 bars apart on the two hour chart. The price has been usually back at some point and can even go the other way . (2) Set-ups on my two hour charts alternate between Hearts and Squares. Squares have been the best in February's uptrend. With hearts which is what may or may not now develope they appear to retrace back the most and can then head in opposite direction.

Comment:

Rise in 4 hour MACD has looked unusually weak.

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