If you have been following Bitcoin charting for a while you have probably heard of NVT. Traditionally NVT has been a good indicator when to buy and sell BTC. However, recently NVT has indicated that you should be selling BTC. On the flip side Aroon has us buying BTC. Over the years NVT and Aroon have been lock step when to buy and sell BTC. This is the first time where these indicators are telling us opposite of each other. Aroon says buy BTC we are in a Bull market. NVT says sell BTC we are in a Bear market.
Only time will tell but I believe Aroon is a better indicator than NVT. Fundamentally NVT should be a better indicator of the value of BTC, but, when it comes to markets and when people are involved sometimes fundamentals get thrown out the window. With Aroon the trend is your friend until the end.
According to Aroon we are in a Bull Market.
~Controllinghand
Only time will tell but I believe Aroon is a better indicator than NVT. Fundamentally NVT should be a better indicator of the value of BTC, but, when it comes to markets and when people are involved sometimes fundamentals get thrown out the window. With Aroon the trend is your friend until the end.
According to Aroon we are in a Bull Market.
~Controllinghand
Comment:
Who will win NVT or Aroon. So far since I published this idea Aroon has been correct but many think BTC will crash. $7200 was the entry point where Aroon said buy and NVT said sell. So far 5 months later Aroon is right. It's Nov 1st and the price of BTC is ~$9100
