MACD

Who knew ice cold drinks could be so...

hey folks welcome into the thinking crypto podcast your home for cryptocurrency news and interviews i'm your host tony edward on your way in please hit that subscribe button as well as the thumbs up button and leave a comment below if you're listening on a podcast platform such as spotify or apple please be sure to follow and leave a five star rating all right folks we got to start with the price action because we are seeing some very bullish things happening on the charts and of course not our feelings not our emotions not the news but what are the charts showing us what are the signals and the metrics showing us so bitcoin currently trading at eighty one thousand four hundred and fifty two dollars and on the daily chart The MACD has flipped bullish.

So the momentum that the bears had in this little pullback, and I actually, I was tweeting about this throughout the week last week, and I said the higher low is going to trap the bears and it did.

And in fact, Bitcoin had a very strong weekly close.

That's a very strong sign.

but the other major factor is bitcoin printed its highest weekly close in four months and reclaimed the 50-week moving average for the first time since november 2025. now this should come as no surprise guys because what have we been tracking the higher time frame the bullish divergence on the weekly chart and a lot of bears have been downplaying in this they've been ignoring it trying to bury it in the sand right but This was telling the whole story with the RSI breaking out of that downtrend since September, October of last year.

In addition, the MACD has been in control by the bulls.

And we of course crossed the 200 day moving average.

Then they were trading RSI.

Then we're trading MACDs, you know, all these kind of things.

At one moment, people were focusing on the war between Russia and Ukraine, and that moved the market.

They're still in war, and that doesn't matter anymore, isn't it, for the markets? Yeah.

Bringing it back to the chart with that high, what you can see in the price action is a market that's moving up, making since 2024, we said one, two, three, four, five.

subsequently higher highs, five subsequently higher lows, accompanied by five subsequently higher peaks in MACD.

That's a strong convergence.

It shows the market is getting stronger.

The upswings are getting stronger over time.

And this last upswing has not yet had its subsequent rebound.

MACD convergence to me is a very strong signal.

It's telling me that there's almost a 100% chance of this stock to rebound and retest the 140 level and a high probability that it will continue moving to new highs after it does that.