20th 3dMACD bar started GREEN!

[Elwar]

I'm thinking this week is the week to go all green.

[Pente]

I noticed that the 1wMACD bar is green today! On the bad side, 3dMACD seems to be losing momentum.

Just makes me feel like an astrologer figuring out when all the planets will align.

[NotLambchop]

Green again.

Can we finally agree that this is meaningless?

[inca]

Green again.

Can we finally agree that this is meaningless?

No when clearly it isn't meaningless.

Though please keep up the incredibly high content free daily post count!

[NotLambchop]

Green again.

Can we finally agree that this is meaningless?

No when clearly it isn't meaningless.

Though please keep up the incredibly high content free daily post count!

So I guess it means the price's gonna drop, 'coz that's what it's doing
You have me on ignore, BTW.

[inca]

So I guess it means the price's gonna drop, 'coz that's what it's doing
You have me on ignore, BTW.

Intermittently, though every single time I have allowed you out of your little box I have regretted it.

You appear to either be unemployed or have caught the bitcoin bug really bad.

[NotLambchop]

So I guess it means the price's gonna drop, 'coz that's what it's doing
You have me on ignore, BTW.

Intermittently, though every single time I have allowed you out of your little box I have regretted it.

You appear to either be unemployed or have caught the bitcoin bug really bad.

I did, and if this is your only account, long before you.  Like any sane trader and unlike yourself, I saw the bubble for what it was & did not let greed get the best of me.  That's why I can afford to donate so freely of my time to your education.

You don't even need to thank me

[yayayo]

Is it still all green? If not then it's only an artifact for sure and should not be taken seriously...

Please update...

ya.ya.yo!

[TrollinU]

Is it still all green? If not then it's only an artifact for sure and should not be taken seriously...

Please update...

ya.ya.yo!

It's still green, but heading down with the price

[Tzupy]

The divergence hasn't flipped to red yet, but last time it did in July at about 620$, and then we all know where it ended (275$).

[inca]

The divergence hasn't flipped to red yet, but last time it did in July at about 620$, and then we all know where it ended (275$).

So it's still green. Thanks for the unnecessary bearish flourish you add to every single post on this site lol.

[sniveling]

Green again.

Can we finally agree that this is meaningless?

Can you post a link to an explanation of why the 3dMACD bar is so important? I know there are plenty of explanations of why the MACD bar is important, but I cannot find anything specifically about the 3dMACD bar.

[RyNinDaCleM]

Green again.

Can we finally agree that this is meaningless?

Can you post a link to an explanation of why the 3dMACD bar is so important? I know there are plenty of explanations of why the MACD bar is important, but I cannot find anything specifically about the 3dMACD bar.

It takes a little more data than a 1 day MACD and about half the data for a 1 week MACD. Other than that, there is nothing special about it. In fact, until BW started using it, I never heard of people using it (still don't except in Bitcoin, but..). Personally, I use 1 day and 1 week, not the oddball 3 day MACD.  

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[Tzupy]

...
Can you post a link to an explanation of why the 3dMACD bar is so important? I know there are plenty of explanations of why the MACD bar is important, but I cannot find anything specifically about the 3dMACD bar.

It is important in this market. Flipping to green gave good buy signals in May and November, also flipping to red gave a decent sell signal in July.

[sniveling]

...
Can you post a link to an explanation of why the 3dMACD bar is so important? I know there are plenty of explanations of why the MACD bar is important, but I cannot find anything specifically about the 3dMACD bar.

It is important in this market. Flipping to green gave good buy signals in May and November, also flipping to red gave a decent sell signal in July.

Does it ever get it wrong? If it does, how often can it get it wrong?

[yayayo]

...
Can you post a link to an explanation of why the 3dMACD bar is so important? I know there are plenty of explanations of why the MACD bar is important, but I cannot find anything specifically about the 3dMACD bar.

It is important in this market. Flipping to green gave good buy signals in May and November, also flipping to red gave a decent sell signal in July.

Does it ever get it wrong? If it does, how often can it get it wrong?

Truth is that there aren't nowhere nearly enough historical data for this specific indicator in this specific market to claim that it was even a reliable indicator in the past with any reasonable statistic certainty. Even if there would be plenty of data available there is still zero assurance that the market will behave the same way in future as it did in the past.

So choosing the 3dMACD as an indicator is purely arbitrary and not based on sound data. It might work this time, but it also might fail miserably (the latter looks more likely). It's like rolling a dice.

Don't base your investment decisions on self-delusion. In the end you will loose funds. Buy only what you can afford to loose and hodl. It's much better for your health than trying to beat the market with a non-scientific approach.

ya.ya.yo!

[yefi]

So what's the excuse this time for why this bar is really GREEN?

[Tzupy]

For mainland Chinese exchanges it hasn't turned red yet, but for Bitstamp, BTC-E and Bitfinex it just did.
Which means, like in June - July, that those holding based on green 3d MACD divergence got bull trapped.

[yayayo]

Can we finally declare that the indicator failed to predict a new uptrend?

(I'm sorry, but I guess I just like to open old sores... )

ya.ya.yo!

[NotLambchop]

Green again.

Can we finally agree that this is meaningless?

No when clearly it isn't meaningless. ...