A closely followed crypto analyst known for calling the May 2021 collapse in Bitcoin says that an indicator with a solid track record is suggesting rallies are approaching.
The pseudonymous analyst known as Dave the Wave tells his 122,000 Twitter followers that the BTC moving average convergence divergence (MACD) just flashed a signal that previously foreshadowed a 300% rally in Bitcoin in 2019.
“Last time the Bitcoin weekly MACD crossed, after an extended correction to current levels, it went on a ripper.”
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