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controllinghand
Feb 13, 2020 3:39 AM

I was wrong Bitcoin is breaking all the rules yet again 

Bitcoin / U.S. dollarBitstamp

Description

A while back I published an idea that Aroon signaled a Bear trend in BTC. Although the Aroon 233 did cross the green line it never hit 100. Now after a few weeks it looks as thought this might have been a bear fake out. I added the Aroon 144 and you will notice that the green line has now crossed the red and has hit 100. This is setting up to turn BTC in to a Bull again.
Lastly NVT is still saying BTC is a BEAR.

If the Aroon 233 green crosses the red soon we could be looking at BTC turning in to a BULL.

We are at a critical point right now. Also it is looking like the golden cross could happen in the next few days/weeks.

It's going to be fun to watch.

Good luck out there
Comments
UnknownUnicorn2046573
to admit that you were wrong got you my respect. Keep it up man. Regards
controllinghand
@saschaz18, Thanks much appreciated. Let's keep an eye on this for sure.
substance90
Well, most TA is useless on crypto because the market liquidity is too small and thus very easily manipulated.
controllinghand
@substance90, Agreed! I've used this method in the stock market with much success. Sometimes it doesn't translate to crypto.
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