Bitcoin NVT Ratio, an indicator commonly used to time the tops and bottoms of Bitcoin "bubbles" has signaled a top is in, and during my analysis, I realized it never signaled a bottom was in during the December 2018 bottom. However, I am not sure what this means, as the creator of the indicator is bullish while the indicator suggests more bearish price action...
Hello fellow traders today i have a chart analysis that some of you have already thought of or seen. We have yet to see our bottom and while this bull rally has been pleasant for all who have been longing it, the bulls may be running out of steam. What's driving our rally is beyond me, possibly the trade war between the U.S. and China or manipulation due to the...
So we've been following the NVT Signal with a bad call at $8000 when we expected the overbought NVT Signal trend line to be crossed.
This BTC pump is on wall street steroids, meaning also that it is subject to traders taking benefits based on indicators. But let us remember that all rationality and information available is priced in within 15 minutes nowadays,...
Euphoria is in the air. Still the NVT Signal announces imminent correction. Was rejected trying to raise again after crossing the trend line and still holds in mid air before correcting to 0.618 Fib or lower.
Thanks for your crowdsourced experience.
What is your reference Chart of the moment for NVT Signal sens making ?
Following the parabolic rise of BTC to 8300, we are in for a correction. The NVT Signal is showing Epic overbought proportions and the last rise was stopped by the NVT trendline. Next move is down to correct the overbought signal.
What is your level for this correction ?
0.618 drop from top to 5260USD
0.69 drop from top to 4900USD
We have been made attentive to an epic overbought NVT Signal indicator.
Depending on how you position the trend line, the NVT Signal is crossing the trend line, announcing the correction.
Do you have a rational analysis that supports a rebound on the NVT trend line and another bull leg for BTC ?
Epic BTC Overbought NVT Signal - more aggressive correction than 7th December 2017 to come ?
Thanks @Magic for pointing that signal to us.
How do you think the major Alts will behave if this correction starts now ?
G'day friends! What a great time to be alive and knowing how to trade and capitalise on these volatile crypto currency movements. We are some of the chosen few! Chosen because we chose to master it. Getting right into it, Bitcoin is at stage 7 of 7 of the Cryptonite price cycle. Waterfalls in the next 48 hours or so. The NVT indicator has broken its upwards...