Mysterious indicator shows that BTC has more upside before ATH
A barely known, quite mysterious indicator is showing that Bitcoin's ATH during 2021 hasn't been reached yet and there might be more upside before it is reached. This indicator managed to identify exactly the precise moment the top was reached during 2017. This indicator was not invented by me, credit goes to Philip Swift.
When the orange line (111DMA) crosses over green (350DMA x 2) ATH is close. The indicator is now showing that #btcusd still has some more upside to go.
This mysterious indicator is very useful to indicate when the market is very overheated. So overheated that the shorter term moving average, which is the 111 day moving average, has reached a x2 multiple of the 350 day moving average. Historically it has proved advantageous to sell Bitcoin at this time in Bitcoin's price cycles.
Haven't found this indicator on Tradingview, if you want the source code for this just message me, it might let you know exactly, the precise moment when you should sell Bitcoin before the impending crash!!!
When the orange line (111DMA) crosses over green (350DMA x 2) ATH is close. The indicator is now showing that #btcusd still has some more upside to go.
This mysterious indicator is very useful to indicate when the market is very overheated. So overheated that the shorter term moving average, which is the 111 day moving average, has reached a x2 multiple of the 350 day moving average. Historically it has proved advantageous to sell Bitcoin at this time in Bitcoin's price cycles.
Haven't found this indicator on Tradingview, if you want the source code for this just message me, it might let you know exactly, the precise moment when you should sell Bitcoin before the impending crash!!!
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