NVT wookalich ratio Bullish case

2021年12月8日

I know that i've posted a lot of Bearish NVT Charts. here is the Bullish Vs Bearish Case, In order for Bitcoin to remain bullish here which is very possible i would expect another drop to retest support around 42574$. a bounce would be needed and a bullish cross of NVT would have to happen above the NVT support line (purple) at 103 NVT value. if a cross happens it's a certain buy signal, as you can see even as NVT values stair cased down BTC skyrocketed only going down slightly in price after Bearish crosses bouncing off of the NVT support line. lose the purple line and you can expect much lower prices, any NVT value above 145 is considered overbought and any value below 45is considered oversold, you can see in the History of NVT it's value has never dropped below the Green NVT line at 29. and has recently topped T 183 the red sell line. I fully expect a tap of the purple NVT line at 103 before any continued upside, if any. the current bottom of NVT channel which has been respected since 03 Feb, 18 leis at 66.8 lose the NVT line at 103 and we will visit this value. which in my opinion would bring BTC price to around 29 k, lose this line and we go to way oversold conditions and could possibly revisit the bottom value at 29 which hasn't been visited since 03 feb 2018. agin, we must have a bullish cross of NVT for price to have any chance of immediate bullish continuation. i am expecting to short the market here but will maintain a close visualization of NVT at the 103 level which has not yet been tapped. Anything is possible, but NVT does not lie and you can anticipate direction of BTC with this amazing tool given support and resistances. i hope you find it a useful tool as there is no better tool for finding tops and bottoms and local visits. hopefully the levels i've mapped out make sense good luck traders.