RATE Group | NVT: Top and Bottom Indicator Signals Time To Buy Bitcoin
64902
wp-singular,post-template-default,single,single-post,postid-64902,single-format-standard,wp-theme-bridge,wp-child-theme-bridge-child,ajax_fade,page_not_loaded,,qode_grid_1300,side_area_uncovered_from_content,footer_responsive_adv,qode-content-sidebar-responsive,qode-child-theme-ver-1.0.0,qode-theme-ver-13.3,qode-theme-bridge,wpb-js-composer js-comp-ver-7.9,vc_responsive
 

NVT: Top and Bottom Indicator Signals Time To Buy Bitcoin

10 Oct NVT: Top and Bottom Indicator Signals Time To Buy Bitcoin

Posted at 20:09h in Bitcoin News by

[ad_1]

Bitcoin’s network to transactions ratio, or NVT for short, is an indicator developed by crypto analyst Willy Woo as a signal for deterring tops and bottoms of Bitcoin cycles.

A tweaked version of the indicator, one that was designed to filter out private transactions, is now signaling that Bitcoin is in a buy zone – an ideal time for buying Bitcoin at the point of greatest potential financial return.

Indicator That Called Bitcoin’s Recent Top Is Now Signaling Buy

Few crypto analysts have contributed to the overall Bitcoin community as much as Willy Woo. Woo has conducted extensive analysis and has even designed his own indicator for spotting the tops and bottoms of Bitcoin cycles, by looking at the network’s total value to transaction ratio.

The theory is that when Bitcoin’s total network value outpaces the ratio of transactions across the network, the price of the asset has risen past its fair market value, and is due for a correction.

Related Reading | Experts Weigh In On…

[ad_2]

Source link

Tags:
, , , , , , ,