Onchain Edge
NVT Golden Cross Reaches 8.49: Is This a Sign of a Bitcoin Market Top?
NVT Golden Cross just went to 8.49 What does that mean for BTC and for Investors? Higher probability of a local top for $BTC at $25k Be careful with high-leveraged longs. Look for entries during capitulation events. A quick recap of what the NVT Golden Cross Indicator means: The NVT Golden Cross indicator helps traders decide whether to buy or sell a cryptocurrency. It looks at short-term and long-term trends in a cryptocurrency's market capitalization ratio to its daily transaction volume (NVT). The indicator predicts when the cryptocurrency will reach a high point (top) or a low point (bottom) in its value. If the short-term trend is much higher than the long-term trend, it suggests the cryptocurrency is overpriced and traders should sell (short signal). If the long-term trend is much higher than the short-term trend, it suggests the cryptocurrency is underpriced and traders should buy (long signal).