From a Technical Analysis (using a 1D chart), there is no confirmation of a bottom-up: no bottom cross-over of the MACD and the CMF continues to show more sales volume thus, CMF is pointing downwards. I would wait for a few more days before a "Buy".

MACD is my preferred indicator for stocks but I am not sure if this will work as well for Crypto.  But this is my "go-to" indicator (lagging). If you want something more responsive, you can consider using stochastic instead. In Tiger, there are 2 indicators for "stochastic" - SKDJ (fast stochastic) and KDJ (slow stochastic). There is also more chance of false signals when using KDJ as compared to MACD.  

However, my time horizon looks at 1D chart.  If you wish to trade intraday, you can consider using a much shorter time interval.

As always, let us do our due diligence before investing.  

$CME Bitcoin - main 2404(BTCmain)$

# Bitcoin Halving Done: A New Era Begins?

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  • Mythz
    ·04-04
    Near term it looks bearish
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