Trader Known for Calling May 2021 Crypto Collapse Says Bitcoin Flashing Historic Rally Signal, Weighs In on Ethereum
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An analyst and trader known for calling the crypto market collapse of May 2021 says that Bitcoin (BTC) is now flashing historic signs of a new bull run.
The pseudonymous trader known as Dave the Wave tells his 131,000 Twitter followers that Bitcoin’s moving average convergence divergence (MACD) indicator is at a level that in the past led to fresh bull runs.
The MACD is a trend-following indicator that shows the relationship between two exponential moving averages (EMAs).
“Kind of feeling obliged to put some charts in the space after all the doom and gloom you see. lol
Don’t lose sight of the big picture. The BTC weekly MACD reached the same lower level. Previously, it went from strength to strength from this level.
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