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/biz/ - Business & Finance

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File: 54 KB, 1444x888, 1W MACD BTC May 28th.png [View same] [iqdb] [saucenao] [google]
55297367 No.55297367 [Reply] [Original]

>"NOOOOO!!! IT'S ABOUT TO CROSS B-B-BBUT IT'S TOTALLY NOT GONNA CROSS THIS TIME!!!! SOME MAGICAL EVENT IS GOING TO PREVENT THE CROSSING!!!! WAAAAHH!!!!"
Aaaaand it crossed. Obviously, as it was 100% inevitable - impossible for it to not cross. Crossed 2 weeks ago btw. Cope and seethe. This is the reality you're existing in now.

As usual, your choice is to either be smart and secure your funds OR just seethe and cope.

Original thread (May 28th):
https://archive.is/s6bZu
https://archived.moe/biz/thread/55110810
>>/biz/thread/55110810

>> No.55297399
File: 392 KB, 342x342, American Burger Dance.gif [View same] [iqdb] [saucenao] [google]
55297399

>>55297367
>burgers trade based on macdonalds

>> No.55297410

>>55297367
zoom out

>> No.55297484

>>55297399
Nobody trades based on the MACD in of itself, rather the MACD is a visual/graphical representation of the global market; of Bitcoin's price action as manifested by the (entire) market trading Bitcoin. The market doesn't look at the MACD and react to it, nor does the MACD cause anything to happen. The MACD is the market. Just like the Stoch RSI is the market. Two different ways of graphically visualizing the market.

>> No.55297698

>>55297484
But in the past when it crossed like that it always dumped hard after, so it should do the same now

>> No.55297876

>>55297698
He wasn't saying it wouldn't. Clearly it will. I think his point was simply that you aren't trading the indicator itself but trading the market or in other words you're going along with what the market's sentiment/will is - or you can choose to go against the market, in this case that would be longing now, which most likely would be a very bad idea.