Bitcoins 2-week MACD is about to turn over green after a long period of red. The last times this happened we went on 200%+ bull runs.

It really seems like that even though the recent pump from $16.5k to now $19k+ is “just“ about a 15% pump it is a really big turn over for Bitcoin and has flipped a couple of indicators bullish or is about to. Those indicators are also historically more proven than all the newer ones that are exclusively to crypto. One of the most popular ones is the 2-week MACD, MACD means Moving Average Convergence.

The MACD shows a trendline that can flip green or red after crossing a horizontal. This MACD line is based on the subtraction of two EMA lines and then exponential moving average of this line too. Basically you have to understand that if it turns red, it means that we are in a downtrend and we will keep being in one and vice versa.

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Picture is from BitcoinArchive

Here we are using the 2-week MACD because the longer the timeframe it is the more meaningful it is. The 1-week MACD is crossing way more usually than the 2-week MACD. In fact, the last two times the MACD crossed green, was after the 2018 bottom formation and then we went on a 242% rally and in 2020 where the bull market of a 600%+ rally.

Just speaking hypothetically, a 242% rise would put us at $46k. Even half of that would put us at $23k, which is still an amazing result and a few days back no one would have imagined it anytime soon. Obviously all of this is hypothetical but the odds are indeed very high that once this indicator flips and confirms(!) this flip to green we will have a pretty good rally.