MACD Analysis Buy and Sell Signals
Since the MACD cryptocurrency indicator uses 26 and 12 Exponential Moving Average to plot, we shall compare these two EMAs with the MACD indicator to figure out how these buy & sell cryptocurrency signals are generated.
MACD Indicator - Example of MACD Technical Indicator
The MACD indicator is a leading indicator meaning it generates bitcoin signals that are leading compared to bitcoin price action as opposed to lagging indicators that lag behind the bitcoin price.
Buy BTC USD ==22==CryptoCryptoCurrency Trade
A buy bitcoin trade is generated when there's a MACD fast line crosses above the signal line. However, as with any leading indicator these cryptocurrency signals are prone to whip-saws/fake-outs.
To eliminate the whipsaws it's good to wait out for confirmation of the buy or sell cryptocurrency signals. The confirmation cryptocurrency signal is when the 2 lines cross above the zero mark, when this happens the buy generated is a reliable bitcoin signal.
In the cryptocurrency example shown below, the MAs cryptocurrency indicator derived & generated a buy btcusd signal, before bitcoin price started heading upward. But it wasn't until the MACD moved above the zero line that buy cryptocurrency signal was completed, & the MAs Moving Averages also gave a ==22==crossovercross-over signal. From experience it's always good to buy after both MACD lines move above zero center-line mark.
Where to Buy using MACD Indicator - Buy Signal
Sell Bitcoin Trade
A sell cryptocurrency signal is derived & generated when there's a MACD fast line crosses below signal line. However, just like buy bitcoin cryptocurrency signal, these also are prone to whipsaws/ fake outs.
To eliminate the whipsaws it's good to wait out for confirmation of sell crypto signal. The confirmation is when two lines cross below the zero mark, when this happens sell generated is a reliable btcusd signal.
In the cryptocurrency example illustrated below, the MAs generated a sell signal confirmed after MACD moved below the zero line at the same time that the MAs Moving Averages gave a cross over bitcoin signal.
Where to Sell using MACD Indicator - Sell Trade Signal
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