MACD Bearish Cross: A Common Post-ATH Pattern in Cryptocurrency Markets

The MACD indicator

MACD is the Lower on the chart. It is a trend-following momentum indicator that shows the relationship between two moving averages of a security's price. Traders use the MACD to identify entry and exit points for trades. MACD is used by technical traders in stock, bond, commodities, and FX markets.

After the March 2021 ATH

MACD turned bearish. The MACD (yellow) Crossed under the Signal line (red) and remained there for 119 days. Then PA rose to a New ATH, Macd Crossed Bullish for a short period and then turned Bearish once again. The Signal line was above the MACD line for 112 days - MACD rose back over for a little while as PA rose to a Peak but lost traction again. Signal was once again over the MACD for 105 days. From this point, we can see Pa begin to level out and then PA began its 18 Month rise.

We recently had a new ATH

Even though not significantly above the previous. But I want to draw your attention to the MACD now. The Signal line crossed over the MACD and is now falling Bearish again. That is Good But will we once again see a day count of just over 100 days below the MACD? If we go 112 days, we will be in Early August. And that is a time many charts point to as a Time of Change.