Weekend just around the corner…for crypto traders this little forecast for BTC: #BTC respects S/R levels quite well as well as the MACD oscillator.
When the MACD moves from an upward phase to a downward phase
it usually also signals a change of direction on the price chart.
The current limit at which a change of direction on the MACD will occur is 27650.
Below this, the MACD will start to fall which may give an impulse to Sell. Above this the indicator is “green”, i.e. pro-growth. Since we currently have a bearish engulfing pattern – an upward or downward breakout will be a good time to open a position.
LIVE EDUCATION SESSIONS
The above analysis is based on the PA+MACD strategy, a detailed description of which you can read HERE . I will talk more about the PA+MACD strategy applied to these currency pairs during the live trading sessions which you can attend from Monday to Friday.
More current analysis on the group : Trade with Dargo
In our Facebook group, which you can join anytime: https://www.facebook.com/groups/328412937935363/ you will find 5 simple strategies on which my trading is based. There, every day we post fresh analyses of currency pairs and commodities. You can also visit my channel where I post my trading ideas: https://t.me/TradewithDargo
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