Technical analysis has been somewhat unrealiable the past few days. The market has become very unpredictable since Iran and Israel began warring. With $BTC leading the bloodbath is not something to smile about.
MACD on the 4hr chart looks good for Bitcoin. Hopefully the bullish trend continues up to $110k and past. They predict it could go up to $130k before the beginning the bear season. $BTC
#TrumpBTCTreasury While Trump companies accumulating some Bitcoin is a good thing, It raises poignant questions on conflict of interest. This calls for more crypto regulation to avoid such questions in the future.
$BTC MACD seems to be on a recovery at the 4hr chart. KDJ is already positive on the same chart. This signs of a market recovery could bring the whole market back up.
#TradingTools101 When the DIF line crosses over upwards over the DEA line it brings a positive MACD meaning the trend is highly likely going to be bullish. The reverse also applies. This can also be observed on KDJ when the K line crosses upwards over the D line. The reverse also applies. Note that even though MACD and KDJ indicators move in the same direction they sometimes give contradictory signals as MACD is a lagging indicator showing market movement after it has already happened while KDJ is a leading indicator showing the market movement before it happens. Therefore experience and tact is key here. KDJ predicts markets more accurately in the short term and can be very useful for scalpers looking to make quick entry and exit points. It also supports the function of RSI showing overbought and oversold market conditions with the K and J lines. KDJ can predict a fall or rise earlier especially in the smaller time frames which can be noisy for a trader looking to stick to an asset longer. MACD can be a bit steady in these predictions so tactfully using the two together is key.
#TradingMistakes101 Not understanding charts, candlesticks and their patterns is the biggest crypto trading mistake. Because buying an asset that's about to fall is pushing a door that says pull. It will not go in your favour!
When the MACD crosses over downwards at the 4hr chart, there is a high likely hood that an asset is going to fall. If this happens for Bitcoin, the whole market could fall with it.
#BigTechStablecoin More crypto adoption when the big tech companies integrate stable coins to their payment systems. It will be cheaper for senders and seem less. Satoshi would be proud!
Both MACD and KDJ are positive on the $BTC 4hr chart. This is good news. They are projecting that this cycle could go up to $140,000 and then a three year bear market will set in.
#TrumpVsMusk Elon should have been wise enough to know better than to trust a man who has rug pulled many of his allies. The Donald always gets his way. The two deserved each other!