Bitcoin: This Indicator Is Saying We Are in a MASSIVE Bull Run!

18 авг. 2020 г.

X Force Global Analysis:

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In this analysis, we take a look at one of the most underrated indicators on Tradingview: The Moving Average Envelope Indicator.

One of the biggest questions that we get from our viewers is, "Is this the best time to buy BTC?"
We believe this indicator might be able to answer the million dollar question! Let's take a look at the Envelope indicator in detail.

A moving average envelope consists of a moving average (usually the 20MA as the middle band), AND two other lines - the upper and lower band. One line is ABOVE the moving average and the other line is BELOW the moving average, simply put. Together, these two lines form an upper and lower envelope , with a total of THREE lines that move coincide with the price action and direction.

The envelope is a perfect indicator to identify overbought or oversold conditions, as indicated by our chart above.

When the envelopes are moving higher, price is in an uptrend.
When the envelopes are moving lower, price is in a downtrend.
You should pay attention when price moves above or below the envelopes , as it can indicate the overall picture of the bull or bear run.

Since trends often begin with a strong move, if price surges above the upper envelope , this is considered bullish , and Bitcoin is currently trading ABOVE the upper band. If price dips below the lower envelope , this is considered bearish .

We would love to know your thoughts on this!

Trade Safe.

X Force.