BITCOIN monthly is making a huge shift to the upside

This is a simple Bitcoin (BTCUSD) analysis on the 1M (monthly) time-frame, using two powerful indicators that are often overlooked. Those are the Aroon Oscillator and the Vortex Indicator. The chart illustrated the Fibonacci MAs to give a sense of the long-term Support Zones, a level where we clearly are at now.

As you see, every time the Aroon Osc turns sideways following a huge downfall, the Cycle bottoms. We are now sideways since June and that is typically the market accumulation phase. Once the Aroon shifts upwards even slightly, the first rally of the Bull Cycle will have already began.

At the same time, the Vortex Indicator has already made its first Cross since April. Once the lines cross again, it will be an indication that the accumulation phase is over and the rally will begin, which is consistent with all prior Bear Cycle bottoms.

That wraps it up on this short BTC update. Remember that sometimes, it is useful to keep a long-term perspective, especially in the crypto market. And that currently tells us that most likely we won't get a better opportunity to accumulate for the new Bull Cycle. Do you agree? Feel free to share your work and let me know in the comments section below!



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