Famous cryptocurrency analyst Dave The Wave announced that the Bitcoin (BTC) bull has officially begun, according to the monthly technical indicator.
Dave The Wave took to social media with a post that got investors excited shared. Experienced analyst, November 1 Bitcoin in his post dated monthly based MACD indicator passing the zero pointofficial bull seasonHe stated that he entered the border that can be called “zone”.
In the past periods following prolonged red MACD periods first green signal along with serious rises He brought it. However, the MACD signal is not the only indicator for trading and investors need to look for bullish or bearish confirmation using different technical indicators.
MACD indicator trend reversals to determine, price momentum measure and generating trading signals using for. It helps investors when making technical analysis by evaluating it together with the price chart.
The analyst included the following statements in the details of his statement:
Bitcoin’s monthly MACD crosses the zero line and enters official bull territory.
According to CoinGecko data, in the last 1 month 22% Rising Bitcoin at the time of writing from $34,286 is being traded.
