Don't sleep without knowing how to read and understand the #MACD indicator.Its simple to understand, let's go
using the BTC chart as an example I will teach you about Moving Average Convergence Divergence (MACD)
Note;Make sure you enabled this indicator
MACD Analysis.
key components
1.DIF= MACD line(yellow);
2.DEA=Signal line(pink)
3.MACD histogram
4.Zero line
✍Bullish signal = When the MACD line(yellow)crosses above the signal line (Pink), that indicates Bullish momentum shift.
✍Bearish signal= When the MACD line (yellow line) crosses below the signal line (pink) , that indicates downtrend.
✍Macd histogram shows the strength of the trend, more green indicates more buying pressure leading to further rising where's the red color indicates selling hence dipping.
✍when the MACD line crosses the signal line above the zero line or when it's just above the zero line, that indicates very strong uptrend moment.(pumping)
✍When the MACD line crosses the signal line below the zero line that indicates strong downtrend.
