For those that have seen any of my post I'm a big Aroon Fan. I don't think I'm posting anything that would surprise anyone but just wanted to let my friends know that we have Aroon signal that Bitcoin is in a bull trend. The signal happened on July 27th.
Be safe out there.
A while back I published an idea that Aroon signaled a Bear trend in BTC. Although the Aroon 233 did cross the green line it never hit 100. Now after a few weeks it looks as thought this might have been a bear fake out. I added the Aroon 144 and you will notice that the green line has now crossed the red and has hit 100. This is setting up to turn BTC in to a...
Today I have seen a lot of people talking about BTC price today going up. Some are even claiming that we are entering into a Bull market for BTC. So I looked at my charts today and Aroon just triggered BTC entering into a Bear. I hope Aroon is wrong and maybe the next few months will be a good time to buy more BTC?
Let me know your thoughts.
I published an idea a while back stating that Aroon is a better indicator for Predicting Bitcoin (BTC) than NVT:
It's been almost 6 months later and here are the results:
On May 11th Aroon said buy BTC at $7200. NVT was telling you to sell BTC.
Today Nov 1st BTC sits at ~$9100
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...
I admit I was wrong. I didn't think BTC would enter into a Bull market until July. However, today you can see we are now entering into a Bull Market.
I suspect that the reason why BTC is mooning is due to the Tether scandal. Everyone that owns Tether wants out and they are moving into BTC.
But, whatever reason why BTC has shot up it doesn't really...
So I did a little more forecasting on the AROON model and looked back at what happened back in 2015 as an overlay.
Based on the 233 AROON I calculate that the AROON UP will cross the AROON DOWN ~July 10th 2019.
DATE HighestHigh Days AUP LowLOW Days ...
If you are a day trader you can ignore this. If you are an investor and want to HOLD BTC this is for you.
I'm going to try and make this as simple as possible. With this method, all you need to know is one line. That's right! And to make it even more simple if it's green you buy and if it's red you sell.
Take a look at this chart. Let's...
Using the Aroon 233 to determine if a stock is in a bull market or bear market
Use the Aroon 21 to buy into a stock when Aroon is in a bull market.
This example is using Bitcoin with the latest news of China shutting down exchanges I wanted to know when would be a good time to buy into it.