Bitcoin $BTC NVT Ratio Signals Top is In, But Didn't for Bottom

By CoinChartist
Bitcoin NVT Ratio, an indicator commonly used to time the tops and bottoms of Bitcoin "bubbles" has signaled a top is in, and during my analysis, I realized it never signaled a bottom was in during the December 2018 bottom. However, I am not sure what this means, as the creator of the indicator is bullish while the indicator suggests more bearish price action ahead.

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BTCBTCUSDBTCUSDTChart PatternsTechnical IndicatorsNVTnvtsignalTrend Analysis
CoinChartist
CoinChartist is run by Tony "The Bull", a level 3 CMT student & technical analyst fascinated w/ Elliott Wave Principle, Hurst Cycle Theory, W.D. Gann, Japanese Candlesticks, & other classical charting methods. Visit coinchartist.io for free TA education!

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