Bitcoin Directional Movement indicator.

Bitcoin / TetherUSBinance

Description

⋅ Aug 12, 2021 2:17 PM

Directional Movement Indicator is historically very reliable for clues on trend direction.

I separated the indicator into two parts down below to make it easier to view.

Currently the indicator shows us in bearish/neutral territory.

Long term it's showing extremely bullish trend.

More notes in the chart:

Comments

Kavalier77

⋅ Aug 12, 2021 2:29 PM

Quick question Gooner, what from this shows that it's extremely bullish long term? To me it looks like a red box is next. Or do you mean after the next red box, comes a green and it is higher than previous green zone price?

sebtintinxx85

⋅ Aug 12, 2021 2:38 PM

@Kavalier77, the lowest part (DMI)