#bitcoin could rebound tomorrow thanks to gold price leap
Here is the daily chart of gold 2.09% and bitcoin -4.83% . Notice my use of Aroon 1 (blue) 11 (brown). Notice the correlation with Bitcoin -4.83% when brown Aroon hits 100. Have boxed in volatility to nearest Blue Aroon at 100. The Aroon is done using the Gold 2.09% chart. I've superimposed the brown Aroon on bitcoin for better clarity.
Note that move could also be short lived to just one day, or, none at all. 3rd March didn't work well at all. Looks quite good at catching bitcoin at point of rebound. All ideas 50/50
Note that move could also be short lived to just one day, or, none at all. 3rd March didn't work well at all. Looks quite good at catching bitcoin at point of rebound. All ideas 50/50
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Looking good so far
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From my latest post "bitcoin another bullish argument/chart for the bulls". A new study to add to the many I've done. Used CCI in log scale which revealed some interesting insight because all year these are the only two occasions with this much and the same amount of choppiness . The last time it was bullish . Could it repeat. My only worry at the minute is that my last key signal was bearish .
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GREAT NEW FOR BULLS
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Another encouraging bullish observation
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If you wish to view the last 52 charts in one thread check out my post dated Sept. 24