the Bitcoin exchange rate. The Moving Average Converence Divergence better known as MACD, the signs are currently on the strongest Bull Run in a year. The indicator suggests that the Bitcoin expected price and the surrounding Ecosystem are subject to turnaround soon a trend. But how sustainable is the prognosis? Be it the bears, the bulls, from the forest to shoo?
By Phillip Horch
6. March 2019BTC$3.854,04 -0.16%part Facebook Twitter LinkedIn xing mail
In the technical analysis of the Bitcoin price and other cryptocurrency courses, it is fundamental to forecasts, the pairs on the basis of the history of historical value, such as the BTC/US$, were calculated. At the heart of the attempt to read from the past is, as it is likely to in the future with the history of a crypto-currency go further. The focus is on the mass behavior of buyers and sellers here accordingly. (Read more here).
Disclaimer: this is purely technical analysis aspects, fundamental data and analytical data are initially ignored.
The Chart patterns you can recognize it also in our course sequences, there are pillars in the Main from four levels of Analysis: The Main Panel candels ticks, Volume, and EMA. Detailed information can be found here, in the Following only the MACD is in the focus.
MACD – move ring Average Convergence/Divergence
The MACD compares values of the ratio of three moving means. These are as follows:
The MACD line (usually blue) represents the difference between an EMA over the last twelve measurements and EMA over the last 26 measurements.a signal line (usually orange), the cross-hatched, a EMA of the MACD line over nine measurements isteinem histogram (red) showing the difference between the two lines
What is the MACD line? You should give information about the longer-term course development. There is a bullish and a bearish crossing of the respective lines, a Information so that you can with the MACD line to qualify. This is sub-Zero, is the EMA26 above the EMA12, speaks for a longer-lasting Trend is down. In the case of a positive MACD line is the EMA12 above the EMA26, what speaks for an upward trend.
If this line exceeds the magical Zero, it depends on the direction: A positive-MACD is a bullishes Signal, a negative bearish.
However, even before the Crossing of the Zero line, one can detect a trend reversal. Here, the Signal helps us: the Rise of the MACD line over the Signal, it is to interpret as a positive trend. The MACD line falls below the Signal, the mood is bearish.
Read also: Because of Bitcoin-to-noise: Binance prior to the collapse
In search of the right signals
Now-bitten Longtime hard-Hodler interested in both short-term invested in Bitcoin-Trader, but for the most part, the reversal of the trend: The bulls will stretch your paws, please. It is now after the MACD, the chances are currently not too bad. Like the last Time in 2015, it came to a Rise of the MACD line over the Signal:
on the left is shown the current Situation and right the development of the Bitcoin price between 2014 and 2016. We see in addition to the bullish Crossing of the MACD even for a second positive Signal.
so it came to pass that for the first time on 25. February, that the moving-average of the last 50 weeks for the first time under the sliding average of the last 100 weeks ends fell. This means, ultimately, from a technical analysis of the first Crossing in April of 2015, since the last great Bull Run was initiated. Much of it is in this context that the bear market is drying up slowly.
Beyond the Charts is an event that plays the bulls in the hungry mouths, the upcoming Halving. As it is set out in the Protocol on the Bitcoin Blockchain, is halved – to support, ultimately, the deflationary nature of the crypto – currency-the reward for miners, so the distribution of new BTC on a regular basis. The next Bitoin Halving is, accordingly, expected for may 2020. Thus, a rise in the Bitcoin price will ultimately be possible.
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