Why You Should Be Paying Attention To The Bitcoin Monthly MACD
Crypto analyst Merlijn The Trader has published a detailed Bitcoin chart analysis, pointing to a rare monthly Moving Average Convergence Divergence (MACD) setup that has preceded major bull runs in BTC’s history. According to the analyst, Bitcoin is showing signs of repeating the same MACD, signaling a potential bullish turnaround ahead. He noted that the […]
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A cryptocurrency analyst has pointed out how a technical analysis (TA) signal that led into major price declines in the past has returned for Bitcoin. Monthly MACD Has Turned Bearish For Bitcoin In a new post on X, analyst Ali Martinez has talked about a signal that has formed in the Moving Average Convergence/Divergence (MACD) for Bitcoin. MACD is a TA indicator that’s generally used for timing buys and sells in an asset’s price chart. Related Reading: USDC Floods Exchanges: Are Traders Buying The Bitcoin Crash? The indicator consists of two lines: MACD line and signal line.....
Bitcoin is back in a place where bold upside calls are starting to circulate again, and while short-term sentiment is still mixed, one analyst believes the cryptocurrency is setting up for a powerful move that sends the price action all the way to $200,000. The call is built around a long-term cycle structure on the monthly candlestick timeframe chart that treats Bitcoin’s recent price action as part of a larger repeating pattern. The Monthly Chart Case For $200,000 The chart Bitcoin Teddy shared is a monthly Bitcoin chart that maps out three major cycle phases using large green expansion....
Chainlink has been struggling. The altcoin market is brutal. And quietly, the largest players in the market appear to have started paying attention to LINK in a way they are not paying attention to everything else. Related Reading: Bitmine Just Locked $340M More In Ethereum – Supply Keeps Shrinking Analyst Darkfost has identified a pattern […]
Bitcoin has retreated from its monthly highs as market participants rush to book profits in their long positions amid fears that the cryptocurrency may have been overbought. Bitcoin is currently trading at $244.12, down 1.38 percent and closer to the crucial upward sloping support line. Just yesterday, we discussed how Bitcoin started the week on a strong note, and flash forward 24 hours, the bulls have frittered away the advantage. The uptrend is still intact, but the momentum and strength readings have clearly been hit. Bitcoin Chart Structure - As Bitcoin struggles to limit its losses,....
The American streaming television service Sling TV has announced the company is now accepting cryptocurrency payments from customers paying their monthly subscriptions. Sling TV detailed the company is leveraging the crypto payment provider Bitpay and will accept seven different cryptocurrencies and five stablecoins.
Sling TV to Accept Crypto Assets for Monthly subscription Services
Sling TV LLC, has revealed that it has partnered with the Atlanta-based cryptocurrency payments provider Bitpay and will accept a variety of crypto assets for monthly subscription payments. Sling is....