McClellan Oscillator Bitcoin Analysis & McClellan Oscillator Trade Signals

Created and Developed by McClellan.

The McClellan Oscillator is an indicator that's based on smoothing the difference between the number of bullish candles & bearish candlesticks. This btcusd technical indicator looks very similar to traditional MACD technical indicator.

McClellan Indicator - McClellan Oscillator Bitcoin Indicators

McClellan Oscillator Indicator

BTCUSD Analysis and How to Generate Trading Signals

This Oscillator is a momentum indicator that can be transacted in the same way as the MACD indicator. There are 3 methods that McClellan Oscillator can be used to generate bitcoin signals.

Zero Center-Line Crossover Signals:

Bullish Signals- When the oscillator crosses above zero center-line a buy bitcoin signal is given/generated.

Bearish Signals- When the oscillator crosses below zero center-line a sell bitcoin signal is given.

McClellan Oscillator Technical indicator - McClellan Oscillator BTCUSD Indicators

Analysis in BTCUSD Crypto Trading

Divergence Bitcoin Signals:

Looking for divergences between the McClellan Oscillator and bitcoin price can prove very effective in identifying potential reversal &/or bitcoin trend continuation points in bitcoin price movement.

There are different types of divergence-setups:

Classic Bitcoin Trade Divergence (Regular Bitcoin Divergence)

Bullish Divergence: Lower lows in bitcoin price action and higher lows in the McClellan Oscillator.

Bearish Divergence: Higher highs in bitcoin price and lower highs in the McClellan Oscillator.

Hidden BTC USD ==22==CryptoCryptoCurrency Divergence Trading Setup

Bullish Divergence: Higher lows in bitcoin price action and lower lows in McClellan Oscillator.

Bearish Divergence: Lower highs in bitcoin price action and higher highs in McClellan Oscillator.

Overbought/Over-sold Levels in Trading Indicator

The McClellan Oscillator is also used to identify potential overbought and oversold levels in bitcoin price action movements. The overbought and ==22==over-soldoversold conditions are derived & generated when the oscillator trading moves to extreme levels on one side & starts to turn, however, in a strong trending market the oscillator will stay in the overbought and ==22==over-soldoversold levels for a long time. It is not recommended to trade overbought and oversold levels to generate cryptocurrency signals. Best signal to use is the Center-line cross over signals to generate bitcoin signals.

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