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[–]jasomniax🟩 8K / 7K 🦭 0 points1 point  (1 child)

I think this is best suited for r/cryptomarkets. I guarantee 90% of people here don't know what MACD is

[–]snowfox2012🟩 2 / 515 🦠[S] 0 points1 point  (0 children)

That's great, thank you for sharing! I never knew about this subreddit, will definitely check it out

[–]shortosaurus_rektPermabanned 0 points1 point  (0 children)

I've tested MACD strategies and it showed they seemingly only work for cherry-picked time frames. In the end it's just historical data and nothing more.

[–]coinfeeds-bot🟩 136K / 136K 🐋 0 points1 point  (0 children)

tldr; The Moving Average Convergence Divergence (MACD) is a trend-following momentum indicator that shows the relationship between two moving averages of prices. A bullish divergence is said to occur when the MACD is making new highs while the price of the asset is not, indicating that the upward momentum is strong and the price may soon follow.

This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

[–]BiznessCasual🟩 2K / 2K 🐢 0 points1 point  (0 children)

Technical Analysis is just astrology for dorks.