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ChartArt
Jun 19, 2014 12:25 PM

Measuring trend strength - bulls vs bear Long

Bitcoin / U.S. dollarBitstamp

Description

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.
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