Aroon is better than NVT (5 months later) Bitcoin (BTC)I published an idea a while back stating that Aroon is a better indicator for Predicting Bitcoin (BTC) than NVT:
It's been almost 6 months later and here are the results:
On May 11th Aroon said buy BTC at $7200. NVT was telling you to sell BTC.
Today Nov 1st BTC sits at ~$9100
Many are saying that BTC will crash soon and that might be true. However, according to Aroon we have a very strong base at $7200.
Aroon is telling us to stay in this trade
NVT has not yet signal a buy entry. However, if Aroon stays green and NVT does signal I'm going to be buying more BTC.
I do have a golden rule to not lose more than 10% in any trade. so unless BTC hits $6480 I'm going long BTC.
Be safe out there and this is not investment advise yada yada.
~Controllinghand
