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What do crypto traders call Squishy and how to trade it?

Key Points

  1. What it is: jargon
  2. Tools that do it:
Tradingview never trade alone

“Squishy” is a crypto jargon for the bearish MACD crossover specifically on the 3D timeframe.

Why bearish MACD crossover specifically on 3D timeframe?

This long timeframe MACD cross has its own name because it happens fairly rarely and reliably results in a prolonged downturn on the market.

How to trade squishy

In general, long timeframe MACD cross is not the best indicator to trigger a short position before the cross has fully happened and laster over a full trading session. It is certainly not a good idea to sell once the two lines of MACD start closing in on each other, looking like they are about to cross in a few sessions: What MACD often does is it will paint this potential soon-to-cross but later the lines will “bounce”, as in diverge from one another again.

The best approach is to take squishy as the signal to pay attention and look for more precise indications before triggering a trade.

Best Tools for Trading Squishy

  • Trading Platform: Bitfinex
  • Technical Analysis: Aside from MACD - Divergences, RSI, Ichimoku
  • Charting App: Tradingview

Read our list of tools for crypto traders for more free and freemium options.

Want to *really* learn crypto charting & technical analysis?

Hate to break it to you, but there's no trading school, no neatly structured course and no simple how to.
Read our articles to get familiar with the tools, but try everything hands on. Trading will press your emotions, you can only really learn it as you go.

All the good crypto charting tools and platforms are accessible for FREE in either TradingView app or at Bitfinex. Just start!

Get TradingView Signup at Bitfinex

 

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