Bull Trend Indicator signalled bullish trend of Bitcoin in 2017

13 Oca 2019

As the title says, BTI (Bull Trend indicator) successfully signalled bullish Bitcoin until Dec 2017. Right before the bubble burst. (Note: Bullish trend starts when BTI is 75 and keeps increasing). BTI is a momentum indicator, hence momentum was slowing down at the peak of BTI signalling bearish divergence. Based on this indicator I think it will be a long time before Bitcoin breaks out again as BTI is still negative.

Also check out my other post on my Script page where I posted this BTI indicator.

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