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Bull-Bear Market Cycle Indicator:
▪️The bull/bear market cycle indicator is a momentum metric.
▪️It measures the difference between the P&L Index and its 365-day moving average.
▪️Bull cycle - indicator above 0.
▪️Bear cycle - indicator below 0 and below its 365-day moving average.
▪️Most of the returns of bitcoin are made when the indicator is above 0 (bull market cycle).
▪️Prices enter into bear mode when the indicators switch from Bull to BEAR.
@RG_Analitics
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Bull-Bear Market Cycle Indicator:
▪️The bull/bear market cycle indicator is a momentum metric.
▪️It measures the difference between the P&L Index and its 365-day moving average.
▪️Bull cycle - indicator above 0.
▪️Bear cycle - indicator below 0 and below its 365-day moving average.
▪️Most of the returns of bitcoin are made when the indicator is above 0 (bull market cycle).
▪️Prices enter into bear mode when the indicators switch from Bull to BEAR.
@RG_Analitics
Подписаться....