Bitcoin Vortex Indicator Analysis
Hey everyone,
Today we are looking at VI ( Vortex Indicator) at Monthly, Weekly and Daily.
In Monthly, we are soon going to get a crossover.
Red (-vi) crossing Green (+vi) is Bearish signal.
Now we have two options:
1. Red does not cross Green, we stay in Positive/ Bullish Momentum
2. Red crosses Green and the momentum shifts to Negative/ Bearish .
Things to Notice:
1. In all the cases where Red crossed Green, RSI was below RSI’s SMA .
2. When the cross actually happens on Monthly, the candle touches 50 Weekly MA.
In the above chart, RSI is below RSI’s MA and chances of Red crossing Green is much likely.
In Weekly, we are going to get a Green crossover Red, which will likely be a positive momentum.
And In Daily, we might touch the trendline back as there is a huge gap between Red and Green VI.
