djmorsey37

NVT at a pivotal Point

Long
BITFINEX:BTCUSD   Bitcoin
If #BTC pushes higher here and NVT upslopes, one could expect a higher high incoming, using NVT as a directional indicator here. should H&S play 19% from top to neckline would put price around 44.7K and at the bottom of the NVT channel. riding Stops up Currently. ST long #BTC watching NVT closely for downtrend, but i honestly think it's looking to bounce, which could bring a new ATH for #BTC . As you can see in the previous bull market as NVT stair cased down price of #BTC continued up ward stair casing up testing the Bottom Blue NVT line each time bouncing upwards. the upper Blue line represents New NVT Support line during present cycle. I'll be tightening stops as price moves, recent news events, stock market obviously can negatively impact Crypto.Good luck

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