Jake Wujastyk, Vice President of TrendSpider LLC and famous trader, said that after a few months of decline, Bitcoin (BTC) could experience a huge rise.
Jake Wujastyk is a recent social media in your post, He gave place to the opportunistic signal before the rise in Bitcoin. Making use of MACD data in his sharing, the trader showed an example through historical data. The last of the MACD indicator in January of 2022 after giving a sell signal two more months of upward movement Wujastyk, who pointed out that he had serious declines. reminded.
Expressing that he gave a good entry opportunity for short positions at that time, the trader said that now a similar opportunity will come for upward positions.
At our current location, the MACD intersection is a buy signal While he put forward that he gave his money, but that there may be two more bearish candles, it comes with it. long-term And a significant rise He hinted that he might come.
Bitcoin recently witnessed an upside MACD crossover. The last negative cross gave a solid opportunity to go short. It looks like he might be ready to do the same for bullish players this time around.
MACD indicator trend reversals to determine, the momentum of the price measure and generating trading signals using for. It helps investors in technical analysis by being evaluated together with the price chart.
According to CoinGecko data, in the last 24 hours 0.2% depreciating Bitcoin, at the time of writing 30,256 traded in dollars.
Jake Wujastyk, Bitcoin in February 24 thousand dollars in an analysis he shared while on the band He pointed to 30 thousand dollars And his guess was right.