Wookalich
BTC Leaning BearishAt Work and not much time but we could be looking at a significant drop coming in the next few days to week. Good time to accumulate BTC or any Alts when the dip comes. BTC could follow the tight uptrend channel for a few days before breaking lower. RSI becoming oversold but still room for it to go up before a drop. A break down of $4850 would signal a lower low (potential downswing), if it holds looking for a small equilibrium pattern to form. Resistance at $5417 for now. Wook ratio indicator is showing a bearish move down. ***Not Shown, MACD looking for a bearish cross.
Bitcoin Wookalich Ratio (NVT) Calling for a large correctionThe Wookalich Ratio is an indicator derived from the NVT Signal. This is a tool used in Bitcoin markets to predict tops and bottoms.
The Wookalich Ratio aims to correct long-term inflation skewing through the use of a dilution factor.
You can get the Indicator here:
For more information about Wookalich and how it is calculated: blog.goodaudience.com
