As the title says... the weekly MACD indicator for Bitcoin is in the 'green' or Positive zone since January.
Does that mean that we'll be in the green inmediately? Not necessarily.
It means that the sentiment is (slowly but surely) shifting from bearish to neutral/potentially bullish.
At the moment there's a bearish divergence in the 4H timeframe:
This bearish divergence should shakeout some buyers from the market as a little correction is almost guaranteed. Take care to not burn your fingers!
Nevertheless, as long as the 6800$/BTC support holds, the bullish setup is in play and the slower timeframes will cascade into the biggest ones.
Hopefully these MACD histogram will keep ramping in the following weeks-months.
Happy Trading!
Thanks for reading!