MACD

Tokenz said:
It's very simple. All you need to do is look at a higher timeframe and figure out where the trend is going. I like looking at the 1 day timeframe, I also take note of support and resistance zones. If the trend on the 1 day time frame is moving up, then I go to the 4 hour or maybe even the 1 hour timeframe and look for a dip to buy into. Even if the trend on the 1 hour goes down after I buy, I know the trend on the 1 day time frame is moving up.

I can tell you right now though, you're better off holding and not selling since the crypto market is very bullish right now. There is no worse feeling than selling at the bottom while everyone is riding to the moon.
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Look, In this model, I can't tell when the reversal arrives. Also I don't know if it is reversal or pullback. I am basically not smart enough. MACD gives me signals that I can work with.
 
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MACD user said:
Look, In this model, I can't tell when the reversal arrives. Also I don't know if it is reversal or pullback. I am basically not smart enough. MACD gives me signals that I can work with.
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Ok, but the MACD lags.

If you are still trading in a few years you will learn that the chart doesn't lag, and the chart can dictate what the MACD does. How would you like to be 1 step ahead of the game instead of using some laggy MACD that tells you to sell or buy when it's already too late? Or are you really going to learn the hard way that this isn't the way to go?

Get rid of the MACD. The chart, the support and resistance zones are all what tells the MACD to do
 
During very strong trends MACD fails. However such strong trends can be spotted with the help of EMA.




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Thank you all for those unsolicited comments. I am not looking for your guidance. I am posting my notes on how I use MACD. If anyone wants to look into this and learn, they will. Your comments are just a distraction for the flow of thoughts and for a good informative thread. If you guys have nothing else to do, just go and enjoy the Christmas season, or, sleep through this winter. Don't waste your time trying to educate me.
 
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