ZtCedric
Short

Bitcoin's NVT Ratio calling for lower prices

COINBASE:BTCUSD   Bitcoin / U.S. Dollar
Bitcoin's Network Value to Transactions Ratio is on a critical point here!

If you are interested in learning more I highly recommend to check out Willy Woo's blog where he goes in full detail on this particular method.

Comments

That looks like a buildup to a HUGE drop!
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ZtCedric snookerer
@snookerer, I know right but please take note this indicator "NVT" only works on the daily chart and confirmation is only of high certainty once the red line is below the thinner orange moving average on a full daily candle close, which hasn't happened yet however we came close and eventually the tides may flip, that's what I believe will soon happen.
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I think the CME expiration date has a major impact on BTC's trend transition.

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