A Turning of This Technical Indicator Could Indicate a Bitcoin Correction Until Year’s End

Bitcoin’s technical indicators are looking bad as of late. A turning of the monthly MACD could signal that we are in for a correction that may last until the end of 2019.

The moving average convergence/divergence (MACD) is a trend-following indicator that is commonly used to track Bitcoin’s price movements over time. Overall, it’s a useful way to gauge whether momentum is still bullish or bearish. Whenever this indicator flips, it’s generally a sign of a reversal of some kind.

Is Bitcoin in for a Reversal?

Bitcoin’s monthly MACD may just be making that flip, and it’s turning could spell bad news for the rest of the year. According to crypto-trader Dave the Wave (@davthewave), the monthly MACD is on shaky footing as of now. Read More at BeInCrypto...

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