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RE: Bitcoin is forming an ascending triangle on short term !
This kind of negative diversion appeared on MACD (down-trending MACD) has given its effect already by falling price from $4480 to $3900 then the consolidation we are witnessing right now . I think we are bout seeing a new MACD buy signal.
I would think not, if we take it from a longer term view, this waning momentum, just as the macd can exceed 0 on crypto exploding to heights of 200 deviations, it can also go down that much. Its on watch, very bearish lean on my part, but i totally respect your view!