โ ๏ธ Strong support on BTC after halving
๐ Now there are many arguments in favor of a new rise or fall of bitcoin, who will be right we will know only in time, but the Advanced NVT Signal indicator indicates the presence of strong support.
๐ The principle of the indicator is based on analyzing the activity of crypto investors, which is estimated as the total value of the BTC network divided by 90 DMA value of transactions.
๐ Advanced NVT Signal should be used in conjunction with an understanding of the market cycle. In a bull market, it signals the proximity of a peak (blue NVT line touches red) and also indicates local support levels during corrections (blue NVT line touches green). In a bear market, correction termination points simply indicate periods where the exchange rate may hold for a while before continuing to fall.
๐ If we consider the current market as an early bullish market, the indicator shows the presence of strong support, from which we can continue to grow.
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