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Thriller Coin Talk - S4EP5: Bitcoin in August

Thriller Coin Talk - S4EP5: Bitcoin in August

Thriller "A Bitcoin Zine" · Car

July 31, 202043m 43s

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Show Notes

<p>Today we discuss Bitcoin in August. </p> <p>TradingShot Chart via Trading View </p> <p>Moving Average Convergence Divergence (MACD) is a trend-following momentum indicator that shows the relationship between two moving averages of a security's price. The MACD is calculated by subtracting the 26-period Exponential Moving Average (EMA) from the 12-period EMA. </p> <p>The expected aggressive break-out finally took place and Bitcoin touched today (even exceeded it marginally) the Higher High trend-line of this Channel Up. It is therefore no surprise that it got rejected as technically this is were most short-term traders would take profits. </p> <p>…</p>