bitman007 Posted September 4, 2018 #1 Posted September 4, 2018 Hello friends Bitcoin is keep changing its position up or down , but this time Bitcoin Indicator Turns Bullish for First Time in 8 Months The list of indicators signaling a long-term bullish reversal in bitcoin (BTC) continues to grow with each passing week. The latest to join the list is the MACD histogram, which has moved above zero – turned bullish – for the first time since January. The MACD, which oscillates above and below the zero line, is one of the most popular technical indicators used to determine a trend's reversal and momentum. A bearish-to-bullish trend change is confirmed when the histogram moves above the zero line. On the other hand, a bearish reversal is confirmed when it dips below zero. The bullish turn of the MACD adds credence to BTC's strong defense of the psychological support of $6,000 in the last 10 weeks. Stay update wtih BTC technical for more details in chart kindly visit the original source Oroginal source : https://www.coindesk.com/bitcoin-indicator-turns-bullish-for-first-time-in-8-months/ Thanks All
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