Using an old method on daily BTCUSD

22 mar 2015

I graphed the trend-line of the histogram for the MACD/Signal Line. There's a characteristic double peak (triple if you count lull in change of price movement after the big peak) that shows a trend reversal. This says to me a downward trend for the next few weeks at least. On the up side, the daily is still above a green (though thin) ichimoku cloud. This says to me we probably will see a fall in price, but a major crash would require a breach of the main support for this upwards trend.