Bitcoin Bearish MACD Cross: Is The Cycle OVER?
In this analysis I want to shed some light on the fact that the 2-week Bitcoin MACD is likely going to make a bearish cross soon.
Historically, a bearish MACD cross has ALWAYS signaled the end of the bull market (first two cycles are not on the chart, you can scroll back and look for yourself). I'm aware that 2021 was an outlier, but don't forget that all technicals peaked in 2020.
I've been bullish in the short- and mid-term, but there's more and more long-term indicators that are flashing red at the moment, this being one of them.
Not calling for a huge drop yet, but this signal is definitely one for the bearish.
Interested to hear your thoughts about this!
Historically, a bearish MACD cross has ALWAYS signaled the end of the bull market (first two cycles are not on the chart, you can scroll back and look for yourself). I'm aware that 2021 was an outlier, but don't forget that all technicals peaked in 2020.
I've been bullish in the short- and mid-term, but there's more and more long-term indicators that are flashing red at the moment, this being one of them.
Not calling for a huge drop yet, but this signal is definitely one for the bearish.
Interested to hear your thoughts about this!
Komen:
Another long-term bearish signal:
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