Strong Momentum Indicator
Just a quick one today because this chart I watch just flipped from bear to bull.
I’m not much for swing trading of Bitcoin because the risk of being wrong is too high. My strategy that I reccomend to all is to just buy and hold for long term appreciation. However, if I were to be interested in swing trading (inside an IRA perhaps?), then this chart would be something I watch very closely.
It’s definately not 100%, but its a very strong indication of short/medium term Bitcoin market momentuum. We just flipped bull…