Bitcoin / TetherUS
Long
Updated

The $BTC Swing Indicator Signals Low Risk

1 346
Happy New Year! The indicators that make up the Bitcoin Swing Trade Indicator (BSTI) are bottoming in aggregate. I've been searching for nice daily swing trade indicators and have been swapping them out in the BSTI. Therefore, the BSTI has gone through changes, but it is almost ready for prime time. I'm thinking of changing out one more indicator. The solid ones I'm keeping are the SOPR momentum, money flow, aggregate funding rate (AFR), MACD, RSI, hash rate capitulation, Bollinger band trend, Coinbase premium, plus directional movement, and the transaction fee spike indicators. Besides the AFR, which is neutral, the indicators are signaling generally low risk.

--Da_Prof
Trade closed: target reached
We had a little up and then a bunch more down and then a massive up. That's BTC for you. Overall, this was a weak long signal that didn't have legs. The indicator did signal a stronger move up at the range lows.

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