ChartArt

Measuring trend strength - bulls vs bear

Long
BITSTAMP:BTCUSD   Bitcoin
Checking the current likelihood if the uptrend started at the end of May 2014 will reverse in the 2-day chart with several indicators, among those are the:

- Directional Movement Index (DMI) developed by Welles Wilder
- Aroon oscillator developed by Tushar Chande

It seems most of the selected indicators confirm a overall bullish trend in this longer time-frame.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.