{"id":454336,"date":"2021-01-12T20:00:24","date_gmt":"2021-01-12T20:00:24","guid":{"rendered":"https:\/\/wncen.com\/?p=454336"},"modified":"2024-06-11T14:12:41","modified_gmt":"2024-06-11T14:12:41","slug":"bitcoin-daily-macd-flips-red-for-first-time-since-20k-was-taken","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/bitcoin-daily-macd-flips-red-for-first-time-since-20k-was-taken\/","title":{"rendered":"Bitcoin Daily MACD Flips Red For First Time Since $20K Was Taken"},"content":{"rendered":"

Bitcoin yesterday saw its largest daily red candle<\/a> in its history in terms of total dollars moved. Today, the selling has continued, and it has caused the MACD to turn bearish for the first time since the leading cryptocurrency by market cap took out $20K.<\/p>\n

Is this a sign of a short term reversal, or is the top of the bull market already here? Here’s what the Moving Average Convergence Divergence indicator says about the recent price action in crypto.<\/p>\n

Have Bitcoin Bears Regained Control Of The Top Cryptocurrency?<\/h2>\n

Bitcoin started off the year with among its sharpest weekly advances yet, taking the asset from under $30K to above $40K<\/a>. The rounded number more than double its former peak posed the first resistance for the asset since the breakout from $10,000.<\/p>\n

The rally began, and Bitcoin never turned back \u2013 at least until now. Although bulls have been in control for months now, hidden bears attacked above $40,000 and sent the cryptocurrency tumbling by over $10,000<\/a>.<\/p>\n

Related Reading | Bitcoin Bloodbath: How The Dollar Turned A Sea of Green Red<\/a><\/strong><\/em><\/p>\n

Yesterday set the record for the worst daily close<\/a> in the asset’s short, twelve-year history. The fallout could have changed the bull trend bearish and brought fear back to the otherwise overly exuberant crypto market.<\/p>\n

The selling has since continued, but bulls are keeping prices at bay currently and price is consolidating. The selloff however was enough to turn the MACD red on the histogram for the first time on daily timeframes since $20K was taken out.<\/p>\n

\"bitcoin<\/p>\n

The daily MACD has turned red on the histogram for the first time since $20K | BTCUSD on TradingView.com<\/a><\/pre>\n
Short-Term Trend Turns Bearish, But Weekly And Monthly Momentum Remains Up<\/h2>\n
The Moving Average Convergence Divergence<\/a> indicator is a trend-following, momentum-measuring tool consisting of two moving averages that converge and diverge. Because of the way it works, it is often disregarded by analysts as a “lagging” indicator.<\/p>\n
Bitcoin’s MACD histogram only now flipping bearish following a nearly $10,000 selloff demonstrates this lag, but that doesn’t discount its efficacy. Crossovers of the two MACD lines can act as a confirmation signal<\/a> that solidifies that the trend is changing.<\/p>\n
Related Reading | Bitcoin Uptrend From $20K Has Been Lost According To Parabolic Indicator<\/a><\/strong><\/em><\/p>\n
And because the MACD focuses on momentum and recently became so elevated, the eventual correction will have more gravity to it<\/a>. The histogram turning red on daily timeframes, unless bulls can uncross the two moving averages, could extend for days to come.<\/p>\n
However, it is important to note that like any technical analysis indicator, more weight is given to higher timeframes, and on weekly and monthly timeframes that count the most, the momentum is still pointing upward overall.<\/p>\n
To use the MACD effectively<\/a> on the way back up, a confirmation the daily bull trend has resumed would arrive with a crossover of the moving averages to the upside.<\/p>\n
Featured image from Deposit Photos, Charts from TradingView.com<\/pre>\n","protected":false},"excerpt":{"rendered":"
Bitcoin yesterday saw its largest daily red candle in its history in terms of total dollars moved. Today, the selling has continued, and it has caused the MACD to turn bearish for the first time since the leading cryptocurrency by market cap took out $20K. Is this a sign of a short term reversal, or is the top of the bull market already here? Here’s what the Moving Average Convergence Divergence indicator says about the recent price action in crypto. Have Bitcoin Bears Regained Control Of The Top Cryptocurrency? Bitcoin started off the year with among its sharpest weekly advances yet, taking the asset from under $30K to above $40K. The rounded number more than double its former peak posed the first resistance for the asset since the breakout from $10,000. The rally began, and Bitcoin never turned back \u2013 at least until now. Although bulls have been in control for months now, hidden bears attacked above $40,000 and sent the cryptocurrency tumbling by over $10,000. Related Reading | Bitcoin Bloodbath: How The Dollar Turned A Sea of Green Red Yesterday set the record for the worst daily close in the asset’s short, twelve-year history. The fallout could have changed the bull trend bearish and brought fear back to the otherwise overly exuberant crypto market. The selling has since continued, but bulls are keeping prices at bay currently and price is consolidating. The selloff however was enough to turn the MACD red on the histogram for the first time on daily timeframes since $20K was taken out. The daily MACD has turned red on the histogram for the first time since $20K | BTCUSD on TradingView.com Short-Term Trend Turns Bearish, But Weekly And Monthly Momentum Remains Up The Moving Average Convergence Divergence indicator is a trend-following, momentum-measuring tool consisting of two moving averages that converge and diverge. Because of the way it works, it is often disregarded by analysts as a “lagging” indicator. Bitcoin’s MACD histogram only now flipping bearish following a nearly $10,000 selloff demonstrates this lag, but that doesn’t discount its efficacy. Crossovers of the two MACD lines can act as a confirmation signal that solidifies that the trend is changing. Related Reading | Bitcoin Uptrend From $20K Has Been Lost According To Parabolic Indicator And because the MACD focuses on momentum and recently became so elevated, the eventual correction will have more gravity to it. The histogram turning red on daily timeframes, unless bulls can uncross the two moving averages, could extend for days to come. However, it is important to note that like any technical analysis indicator, more weight is given to higher timeframes, and on weekly and monthly timeframes that count the most, the momentum is still pointing upward overall. To use the MACD effectively on the way back up, a confirmation the daily bull trend has resumed would arrive with a crossover of the moving averages to the upside. Featured image from Deposit Photos, Charts from TradingView.com<\/p>\n","protected":false},"author":517,"featured_media":454340,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[428,1119,1144,78790,6664,4524,76835],"class_list":["post-454336","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-bitcoin","tag-btc","tag-btcusd","tag-btcusdt","tag-crypto","tag-xbt","tag-xbtusd"],"acf":[],"yoast_head":"\nBitcoin Daily MACD Flips Red For First Time Since $20K Was Taken<\/title>\n<meta name=\"description\" content=\"Bitcoin yesterday saw its largest daily red candle in its history in terms of total dollars moved. Today, the selling has continued, and it has caused the\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/wncen.com\/news\/bitcoin-daily-macd-flips-red-for-first-time-since-20k-was-taken\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bitcoin Daily MACD Flips Red For First Time Since $20K Was Taken\" \/>\n<meta property=\"og:description\" content=\"Bitcoin yesterday saw its largest daily red candle in its history in terms of total dollars moved. Today, the selling has continued, and it has caused the\" \/>\n<meta property=\"og:url\" content=\"https:\/\/wncen.com\/news\/bitcoin-daily-macd-flips-red-for-first-time-since-20k-was-taken\/\" \/>\n<meta property=\"og:site_name\" content=\"NewsBTC\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/newsbtc\" \/>\n<meta property=\"article:published_time\" content=\"2021-01-12T20:00:24+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-06-11T14:12:41+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/wncen.com\/wp-content\/uploads\/2021\/01\/bitcoin-daily-macd-Depositphotos_7693740_xl-2015-scaled.jpg?fit=2560%2C1707\" \/>\n\t<meta property=\"og:image:width\" content=\"2560\" \/>\n\t<meta property=\"og:image:height\" content=\"1707\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Tony "El Toro" Severino\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@https:\/\/twitter.com\/tonythebullBTC\" \/>\n<meta name=\"twitter:site\" content=\"@newsbtc\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Tony "El Toro" Severino\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/wncen.com\/news\/bitcoin-daily-macd-flips-red-for-first-time-since-20k-was-taken\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/wncen.com\/news\/bitcoin-daily-macd-flips-red-for-first-time-since-20k-was-taken\/\"},\"author\":{\"name\":\"Tony \\\"El Toro\\\" Severino\",\"@id\":\"https:\/\/wncen.com\/#\/schema\/person\/5322c9a09a6f19804bb578de17556a1d\"},\"headline\":\"Bitcoin Daily MACD Flips Red For First Time Since $20K Was Taken\",\"datePublished\":\"2021-01-12T20:00:24+00:00\",\"dateModified\":\"2024-06-11T14:12:41+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/wncen.com\/news\/bitcoin-daily-macd-flips-red-for-first-time-since-20k-was-taken\/\"},\"wordCount\":475,\"publisher\":{\"@id\":\"https:\/\/wncen.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/wncen.com\/news\/bitcoin-daily-macd-flips-red-for-first-time-since-20k-was-taken\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/wncen.com\/wp-content\/uploads\/2021\/01\/bitcoin-daily-macd-Depositphotos_7693740_xl-2015-scaled.jpg?fit=2560%2C1707\",\"keywords\":[\"bitcoin\",\"btc\",\"btcusd\",\"BTCUSDT\",\"crypto\",\"xbt\",\"xbtusd\"],\"articleSection\":[\"Cryptocurrency Market News\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2021\",\"copyrightHolder\":{\"@id\":\"https:\/\/wncen.com\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/wncen.com\/news\/bitcoin-daily-macd-flips-red-for-first-time-since-20k-was-taken\/\",\"url\":\"https:\/\/wncen.com\/news\/bitcoin-daily-macd-flips-red-for-first-time-since-20k-was-taken\/\",\"name\":\"Bitcoin Daily MACD Flips Red For First Time Since $20K Was Taken\",\"isPartOf\":{\"@id\":\"https:\/\/wncen.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/wncen.com\/news\/bitcoin-daily-macd-flips-red-for-first-time-since-20k-was-taken\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/wncen.com\/news\/bitcoin-daily-macd-flips-red-for-first-time-since-20k-was-taken\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/wncen.com\/wp-content\/uploads\/2021\/01\/bitcoin-daily-macd-Depositphotos_7693740_xl-2015-scaled.jpg?fit=2560%2C1707\",\"datePublished\":\"2021-01-12T20:00:24+00:00\",\"dateModified\":\"2024-06-11T14:12:41+00:00\",\"description\":\"Bitcoin yesterday saw its largest daily red candle in its history in terms of total dollars moved. Today, the selling has continued, and it has caused the\",\"breadcrumb\":{\"@id\":\"https:\/\/wncen.com\/news\/bitcoin-daily-macd-flips-red-for-first-time-since-20k-was-taken\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/wncen.com\/news\/bitcoin-daily-macd-flips-red-for-first-time-since-20k-was-taken\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/wncen.com\/news\/bitcoin-daily-macd-flips-red-for-first-time-since-20k-was-taken\/#primaryimage\",\"url\":\"https:\/\/wncen.com\/wp-content\/uploads\/2021\/01\/bitcoin-daily-macd-Depositphotos_7693740_xl-2015-scaled.jpg?fit=2560%2C1707\",\"contentUrl\":\"https:\/\/wncen.com\/wp-content\/uploads\/2021\/01\/bitcoin-daily-macd-Depositphotos_7693740_xl-2015-scaled.jpg?fit=2560%2C1707\",\"width\":2560,\"height\":1707,\"caption\":\"Hot red glowing electric burner - energy waste concept\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/wncen.com\/news\/bitcoin-daily-macd-flips-red-for-first-time-since-20k-was-taken\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/wncen.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Bitcoin Daily MACD Flips Red For First Time Since $20K Was Taken\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/wncen.com\/#website\",\"url\":\"https:\/\/wncen.com\/\",\"name\":\"NewsBTC\",\"description\":\"Bitcoin & Cryptocurrency News Today\",\"publisher\":{\"@id\":\"https:\/\/wncen.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/wncen.com\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/wncen.com\/#organization\",\"name\":\"NewsBTC\",\"url\":\"https:\/\/wncen.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/wncen.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46\",\"contentUrl\":\"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46\",\"width\":157,\"height\":46,\"caption\":\"NewsBTC\"},\"image\":{\"@id\":\"https:\/\/wncen.com\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/newsbtc\",\"https:\/\/x.com\/newsbtc\",\"https:\/\/www.youtube.com\/channel\/UC9v9erBEru5y4c3FA0wehEw\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/wncen.com\/#\/schema\/person\/5322c9a09a6f19804bb578de17556a1d\",\"name\":\"Tony \\\"El Toro\\\" Severino\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/wncen.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/129b75c18bdea8b048f1d7d526df61d7?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/129b75c18bdea8b048f1d7d526df61d7?s=96&d=mm&r=g\",\"caption\":\"Tony \\\"El Toro\\\" Severino\"},\"description\":\"Tony \\\"The Bull\\\" Severino, CMT, is a distinguished figure in the cryptocurrency analysis sector, renowned for his in-depth technical expertise and innovative approach to market trends. As the Head of Research at NewsBTC, Tony leads a team dedicated to providing cutting-edge insights and forecasts, helping both novice and experienced traders navigate the complexities of the crypto market. A seasoned Chartered Market Technician, Tony's prowess in identifying and capitalizing on market patterns is unmatched. His academic and professional journey in market analysis has firmly established him as a leading authority in technical trading strategies. Tony\u2019s approach is heavily influenced by the principles of Elliott Wave Theory, a method known for its rigorous assessment of investor psychology and price movements. Beyond his role at NewsBTC, Tony is the visionary founder of CoinChartist.io, an educational platform aimed at demystifying the nuances of cryptocurrency trading. CoinChartist.io serves as a valuable resource for traders seeking to enhance their technical analysis skills. The platform offers a range of learning tools and resources designed to empower traders with the knowledge to make informed trading decisions. In addition to his educational initiatives, Tony is a prolific author and a dominant voice in the crypto community. He writes the CoinChartist VIP newsletter, a weekly dispatch that has become a staple among crypto enthusiasts, revered for its insightful analysis and actionable trading advice. This newsletter has consistently ranked as a best-seller on SubStack, boasting thousands of subscribers who rely on Tony\u2019s expertise to guide their trading strategies. Tony is also celebrated for his literary contributions to the field. He is the author of the highest-rated Crypto Trading Journal on Amazon.com, a testament to his ability to communicate complex trading concepts in an accessible manner. This journal is widely regarded as an essential tool for traders aiming to track their progress and refine their strategies. Before his ascent in the financial analysis world, Tony honed his skills in journalism. His background in this field has endowed him with a unique ability to present intricate market dynamics in a clear and compelling manner, making his insights highly sought after by a broad audience that ranges from casual readers to professional traders. His professional affiliations underscore his commitment to excellence and continuous learning. As a partner of Elliott Wave International and TradingView, Tony collaborates with other leading experts to enhance his knowledge and skills. His active membership in the CMT Association further aligns him with the highest standards of industry practices and ethics. Tony\u2019s nickname, \\\"The Bull,\\\" aptly reflects his aggressive and optimistic outlook on the cryptocurrency markets. His forecasts often anticipate significant upturns, earning him a reputation for bullish predictions that have frequently led to lucrative outcomes for those who follow his advice. In summary, Tony \\\"The Bull\\\" Severino, CMT, is more than just a technical analyst; he is a mentor, educator, and innovator whose influence in the cryptocurrency space continues to grow. His dedication to advancing the understanding of market forces and his commitment to providing high-quality, reliable analysis make him a pivotal figure in the world of cryptocurrency trading.\",\"sameAs\":[\"https:\/\/coinchartist.io\/\",\"https:\/\/www.instagram.com\/coinchartist_io\/\",\"https:\/\/x.com\/https:\/\/twitter.com\/tonythebullBTC\",\"https:\/\/www.youtube.com\/@coinchartist_io\"],\"url\":\"https:\/\/wncen.com\/author\/tonymspilotro\/\"}]}<\/script>\n","yoast_head_json":{"title":"Bitcoin Daily MACD Flips Red For First Time Since $20K Was Taken","description":"Bitcoin yesterday saw its largest daily red candle in its history in terms of total dollars moved. Today, the selling has continued, and it has caused the","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/wncen.com\/news\/bitcoin-daily-macd-flips-red-for-first-time-since-20k-was-taken\/","og_locale":"en_US","og_type":"article","og_title":"Bitcoin Daily MACD Flips Red For First Time Since $20K Was Taken","og_description":"Bitcoin yesterday saw its largest daily red candle in its history in terms of total dollars moved. Today, the selling has continued, and it has caused the","og_url":"https:\/\/wncen.com\/news\/bitcoin-daily-macd-flips-red-for-first-time-since-20k-was-taken\/","og_site_name":"NewsBTC","article_publisher":"https:\/\/www.facebook.com\/newsbtc","article_published_time":"2021-01-12T20:00:24+00:00","article_modified_time":"2024-06-11T14:12:41+00:00","og_image":[{"width":2560,"height":1707,"url":"https:\/\/wncen.com\/wp-content\/uploads\/2021\/01\/bitcoin-daily-macd-Depositphotos_7693740_xl-2015-scaled.jpg?fit=2560%2C1707","type":"image\/jpeg"}],"author":"Tony \"El Toro\" Severino","twitter_card":"summary_large_image","twitter_creator":"@https:\/\/twitter.com\/tonythebullBTC","twitter_site":"@newsbtc","twitter_misc":{"Written by":"Tony \"El Toro\" Severino","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"NewsArticle","@id":"https:\/\/wncen.com\/news\/bitcoin-daily-macd-flips-red-for-first-time-since-20k-was-taken\/#article","isPartOf":{"@id":"https:\/\/wncen.com\/news\/bitcoin-daily-macd-flips-red-for-first-time-since-20k-was-taken\/"},"author":{"name":"Tony \"El Toro\" Severino","@id":"https:\/\/wncen.com\/#\/schema\/person\/5322c9a09a6f19804bb578de17556a1d"},"headline":"Bitcoin Daily MACD Flips Red For First Time Since $20K Was Taken","datePublished":"2021-01-12T20:00:24+00:00","dateModified":"2024-06-11T14:12:41+00:00","mainEntityOfPage":{"@id":"https:\/\/wncen.com\/news\/bitcoin-daily-macd-flips-red-for-first-time-since-20k-was-taken\/"},"wordCount":475,"publisher":{"@id":"https:\/\/wncen.com\/#organization"},"image":{"@id":"https:\/\/wncen.com\/news\/bitcoin-daily-macd-flips-red-for-first-time-since-20k-was-taken\/#primaryimage"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2021\/01\/bitcoin-daily-macd-Depositphotos_7693740_xl-2015-scaled.jpg?fit=2560%2C1707","keywords":["bitcoin","btc","btcusd","BTCUSDT","crypto","xbt","xbtusd"],"articleSection":["Cryptocurrency Market News"],"inLanguage":"en-US","copyrightYear":"2021","copyrightHolder":{"@id":"https:\/\/wncen.com\/#organization"}},{"@type":"WebPage","@id":"https:\/\/wncen.com\/news\/bitcoin-daily-macd-flips-red-for-first-time-since-20k-was-taken\/","url":"https:\/\/wncen.com\/news\/bitcoin-daily-macd-flips-red-for-first-time-since-20k-was-taken\/","name":"Bitcoin Daily MACD Flips Red For First Time Since $20K Was Taken","isPartOf":{"@id":"https:\/\/wncen.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/wncen.com\/news\/bitcoin-daily-macd-flips-red-for-first-time-since-20k-was-taken\/#primaryimage"},"image":{"@id":"https:\/\/wncen.com\/news\/bitcoin-daily-macd-flips-red-for-first-time-since-20k-was-taken\/#primaryimage"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2021\/01\/bitcoin-daily-macd-Depositphotos_7693740_xl-2015-scaled.jpg?fit=2560%2C1707","datePublished":"2021-01-12T20:00:24+00:00","dateModified":"2024-06-11T14:12:41+00:00","description":"Bitcoin yesterday saw its largest daily red candle in its history in terms of total dollars moved. Today, the selling has continued, and it has caused the","breadcrumb":{"@id":"https:\/\/wncen.com\/news\/bitcoin-daily-macd-flips-red-for-first-time-since-20k-was-taken\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/wncen.com\/news\/bitcoin-daily-macd-flips-red-for-first-time-since-20k-was-taken\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/wncen.com\/news\/bitcoin-daily-macd-flips-red-for-first-time-since-20k-was-taken\/#primaryimage","url":"https:\/\/wncen.com\/wp-content\/uploads\/2021\/01\/bitcoin-daily-macd-Depositphotos_7693740_xl-2015-scaled.jpg?fit=2560%2C1707","contentUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2021\/01\/bitcoin-daily-macd-Depositphotos_7693740_xl-2015-scaled.jpg?fit=2560%2C1707","width":2560,"height":1707,"caption":"Hot red glowing electric burner - energy waste concept"},{"@type":"BreadcrumbList","@id":"https:\/\/wncen.com\/news\/bitcoin-daily-macd-flips-red-for-first-time-since-20k-was-taken\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/wncen.com\/"},{"@type":"ListItem","position":2,"name":"Bitcoin Daily MACD Flips Red For First Time Since $20K Was Taken"}]},{"@type":"WebSite","@id":"https:\/\/wncen.com\/#website","url":"https:\/\/wncen.com\/","name":"NewsBTC","description":"Bitcoin & Cryptocurrency News Today","publisher":{"@id":"https:\/\/wncen.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/wncen.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/wncen.com\/#organization","name":"NewsBTC","url":"https:\/\/wncen.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/wncen.com\/#\/schema\/logo\/image\/","url":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46","contentUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46","width":157,"height":46,"caption":"NewsBTC"},"image":{"@id":"https:\/\/wncen.com\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/newsbtc","https:\/\/x.com\/newsbtc","https:\/\/www.youtube.com\/channel\/UC9v9erBEru5y4c3FA0wehEw"]},{"@type":"Person","@id":"https:\/\/wncen.com\/#\/schema\/person\/5322c9a09a6f19804bb578de17556a1d","name":"Tony \"El Toro\" Severino","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/wncen.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/129b75c18bdea8b048f1d7d526df61d7?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/129b75c18bdea8b048f1d7d526df61d7?s=96&d=mm&r=g","caption":"Tony \"El Toro\" Severino"},"description":"Tony \"The Bull\" Severino, CMT, is a distinguished figure in the cryptocurrency analysis sector, renowned for his in-depth technical expertise and innovative approach to market trends. As the Head of Research at NewsBTC, Tony leads a team dedicated to providing cutting-edge insights and forecasts, helping both novice and experienced traders navigate the complexities of the crypto market. A seasoned Chartered Market Technician, Tony's prowess in identifying and capitalizing on market patterns is unmatched. His academic and professional journey in market analysis has firmly established him as a leading authority in technical trading strategies. Tony\u2019s approach is heavily influenced by the principles of Elliott Wave Theory, a method known for its rigorous assessment of investor psychology and price movements. Beyond his role at NewsBTC, Tony is the visionary founder of CoinChartist.io, an educational platform aimed at demystifying the nuances of cryptocurrency trading. CoinChartist.io serves as a valuable resource for traders seeking to enhance their technical analysis skills. The platform offers a range of learning tools and resources designed to empower traders with the knowledge to make informed trading decisions. In addition to his educational initiatives, Tony is a prolific author and a dominant voice in the crypto community. He writes the CoinChartist VIP newsletter, a weekly dispatch that has become a staple among crypto enthusiasts, revered for its insightful analysis and actionable trading advice. This newsletter has consistently ranked as a best-seller on SubStack, boasting thousands of subscribers who rely on Tony\u2019s expertise to guide their trading strategies. Tony is also celebrated for his literary contributions to the field. He is the author of the highest-rated Crypto Trading Journal on Amazon.com, a testament to his ability to communicate complex trading concepts in an accessible manner. This journal is widely regarded as an essential tool for traders aiming to track their progress and refine their strategies. Before his ascent in the financial analysis world, Tony honed his skills in journalism. His background in this field has endowed him with a unique ability to present intricate market dynamics in a clear and compelling manner, making his insights highly sought after by a broad audience that ranges from casual readers to professional traders. His professional affiliations underscore his commitment to excellence and continuous learning. As a partner of Elliott Wave International and TradingView, Tony collaborates with other leading experts to enhance his knowledge and skills. His active membership in the CMT Association further aligns him with the highest standards of industry practices and ethics. Tony\u2019s nickname, \"The Bull,\" aptly reflects his aggressive and optimistic outlook on the cryptocurrency markets. His forecasts often anticipate significant upturns, earning him a reputation for bullish predictions that have frequently led to lucrative outcomes for those who follow his advice. In summary, Tony \"The Bull\" Severino, CMT, is more than just a technical analyst; he is a mentor, educator, and innovator whose influence in the cryptocurrency space continues to grow. His dedication to advancing the understanding of market forces and his commitment to providing high-quality, reliable analysis make him a pivotal figure in the world of cryptocurrency trading.","sameAs":["https:\/\/coinchartist.io\/","https:\/\/www.instagram.com\/coinchartist_io\/","https:\/\/x.com\/https:\/\/twitter.com\/tonythebullBTC","https:\/\/www.youtube.com\/@coinchartist_io"],"url":"https:\/\/wncen.com\/author\/tonymspilotro\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Bitcoin Daily MACD Flips Red For First Time Since $20K Was Taken","url":"http:\/\/wncen.com\/news\/bitcoin-daily-macd-flips-red-for-first-time-since-20k-was-taken\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/news\/bitcoin-daily-macd-flips-red-for-first-time-since-20k-was-taken\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2021\/01\/bitcoin-daily-macd-Depositphotos_7693740_xl-2015-scaled.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2021\/01\/bitcoin-daily-macd-Depositphotos_7693740_xl-2015-scaled.jpg?fit=2560%2C1707"},"articleSection":"Cryptocurrency Market News","author":[{"@type":"Person","name":"Tony \"El Toro\" Severino"}],"creator":["Tony \"El Toro\" Severino"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["bitcoin","btc","btcusd","btcusdt","crypto","xbt","xbtusd"],"dateCreated":"2021-01-12T20:00:24Z","datePublished":"2021-01-12T20:00:24Z","dateModified":"2024-06-11T14:12:41Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Bitcoin Daily MACD Flips Red For First Time Since $20K Was Taken\",\"url\":\"http:\\\/\\\/wncen.com\\\/news\\\/bitcoin-daily-macd-flips-red-for-first-time-since-20k-was-taken\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/news\\\/bitcoin-daily-macd-flips-red-for-first-time-since-20k-was-taken\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2021\\\/01\\\/bitcoin-daily-macd-Depositphotos_7693740_xl-2015-scaled.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2021\\\/01\\\/bitcoin-daily-macd-Depositphotos_7693740_xl-2015-scaled.jpg?fit=2560%2C1707\"},\"articleSection\":\"Cryptocurrency Market News\",\"author\":[{\"@type\":\"Person\",\"name\":\"Tony \\\"El Toro\\\" Severino\"}],\"creator\":[\"Tony \\\"El Toro\\\" Severino\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"bitcoin\",\"btc\",\"btcusd\",\"btcusdt\",\"crypto\",\"xbt\",\"xbtusd\"],\"dateCreated\":\"2021-01-12T20:00:24Z\",\"datePublished\":\"2021-01-12T20:00:24Z\",\"dateModified\":\"2024-06-11T14:12:41Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/wncen.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/wncen.com\/wp-content\/uploads\/2021\/01\/bitcoin-daily-macd-Depositphotos_7693740_xl-2015-scaled.jpg?fit=2560%2C1707","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/454336"}],"collection":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/users\/517"}],"replies":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/comments?post=454336"}],"version-history":[{"count":0,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/454336\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/454340"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=454336"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=454336"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=454336"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}