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RE: Bitcoin Update (12/06/2017): Correction Coming After Another New High!!!!!!!!!
Excellent analysis Jimmy, as alway. I enjoy how easily you explain the tech analysis in plain English.
Quick question...Does the MACD (Moving Average Convergence Divergence) and RSI (Relative Strength Index) apply in Cryptocurrencies to pick good entry points?
One final question, where do you get your chart program for the tech analysis?
Thanks in advance, and steem on.
Thanks alot for your appreciation.!!
MACD and RSI are good supportive indicator but they can't be rely upon fully to enter or exit be it crypto or any other xyz script but they prove very helpful if applied and seen as a whole with movements of other parameter in chart.
My source for charting program are www.investing.com and www.tradingview.com.
Thank you for your kind reply. Love the tech analysis - I'm learning much.